This has been an unsettling year for all South Africans for a variety of reasons, not least our economic status. Notable factors were our low economic growth trajectory, and domestic employment growth remaining lacklustre at 27.6% in the last quarter of 2017.
While the local political developments in December last year saw the value of the rand appreciating significantly along with improved ratings, the country’s economic health remained uncertain. Closer to home, it could be argued that the year was the most challenging the South African construction industry has ever seen. A decrease in capital spending by both the private sector and government, had a negative effect of unprecedented proportions on the sector’s growth.Download the Annual Report (2.35 MB)