South Africa’s construction sector to be boosted by infrastructure investment

A recent Timetric report predicts that infrastructure construction in South Africa will have a CAGR of 11.51% to 2017. The South African government plans to upgrade the country’s infrastructure, investing US$100.8 billion in infrastructure development to 2017 under the National Infrastructure Plan. The investment will help to drive growth in South Africa’s construction industry. Road infrastructure is expected to grow at a CAGR of 11.52% to 2017, and rail transport by 11.69%. In 2012, infrastructure construction accounted for 48.3% of the country’s construction sector.

Adapted from press release by Louise Fordham

Read the article online at: https://www.worldcement.com/africa-middle-east/30082013/south_africa_infrastructure_development_to_boost_construction_134/