The South African government has highlighted infrastructure investment as
key to the economic recovery post the Covid-19 pandemic. However, the
local construction industry has faced increasingly difficult conditions over
the past decade. After the boom of the 2010 Fifa World Cup, government
contracts dried up while companies also endured difficulties related to long
contract approvals, non-payment and crime at construction sites. Some
companies filed for business rescue.

In this note, led by our equity research analyst Gershwyn Benjamin, we set out our views on whether the local construction industry has the capacity to meet the infrastructure pipeline that is envisaged.

Download the report here.