DUBLIN--(BUSINESS WIRE )--The "The Construction Sector in South Africa 2022" report has been added to ResearchAndMarkets.com's offering.

The Construction Sector in South Africa

The construction sector contributed 2.7% of total GDP, with the largest share contributed by construction works/civil engineering, followed by residential buildings and non-residential buildings. Although companies continue to experience headwinds, role players say there are some green shoots. Construction industry players have welcomed government's announcement in February 2022 of infrastructure investment of more than R810bn over the next three years, but say that rapid implementation is critical as the industry cannot afford further delays.

The rollout of government's infrastructure projects has been undermined by maladministration and corruption, project delays, cost overruns, poor project management and sub-standard workmanship in many cases. South Africa's National Infrastructure Plan (NIP) 2050 has identified the energy and water sectors for development in the short term and transport in the medium term. There is a massive backlog of social housing and an estimated 20% of urban households live in informal settlements.

The execution of construction projects has been severely affected by supply chain delays, shortages and higher costs related largely to the pandemic and the war in Ukraine. Corruption and irregular procurement have become endemic in the construction sector. Construction mafia and extortion groups present a substantial threat to the industry. Shortages of building materials, compounded by soaring transport costs and inflation, are driving up construction costs and resulting in cost overruns.

This report on the construction industry in South Africa includes comprehensive information on the size and state of the sector including number of registered contractors and projects and other indicators, infrastructure development, notable players, major developments and corporate actions, and regulatory and environmental issues affecting the sector. There are profiles of 55 companies including well-known contractors such as Concor, Grinaker LTA, Raubex, Stefanutti Stocks and Wilson Bayly Holmes-Ovcon, state-owned players such as the South African National Roads Agency and specialist companies including Viva Formwork and Scaffolding, SA Scaffold Manufacturing and Kwikspace Modular Buildings.

2.4. Key Success Factors and Pain Points

3.6. Enterprise Development and Social Economic Development

6.5. Technology, Research and Development (R&D) and Innovation

7.1. Ownership Structure of the Industry

For more information about this report visit https://www.researchandmarkets.com/r/x56b5c

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900