Subscribe & Follow
#CannesLions
- Day 3: Grande Prix and Gold winners announcedDanette Breitenbach
- TBWA\Hunt\Lascaris’ The Riky Rick Foundation's Stronger wins Silver LionDanette Breitenbach
Trending
- MultiChoice mourns the death of Nkateko MabasoKarabo Ledwaba
Jobs
- Installation Electrician George
- Mechanical Electrical Tech Assistant New Germany
- Mechatronics Engineer Cape Town
- LCS Project Manager Johannesburg
- Civil Construction Supervisor George
- Maintenance Manager Cape Town
- Electronic Workshop Technician Vereeniging
- Project Administration Manager Johannesburg
- Maintenance Technician Cape Town
- Maintenance Engineer - GCC Cape Town
Construction industry picking up steam?
Cees Bruggemans, chief economist of FNB - that sponsors the survey - says overall profitability has improved, but there are restraints that could thwart any recovery as municipalities have spent just 41% of their capital expenditure budgets in the first nine months of the financial year, leaving 59% unspent, according to a Business Day report.
Business Report quotes PPS, a provider of financial and healthcare products aimed at graduate professionals as saying that its survey of almost 800 engineers showed that 40% of engineers were confident that skills shortages could be addressed as these represented a significant constraint for the construction sector.
For more:
- Business Live: Construction confidence up in second quarter
- Business Day: Construction recovery 'picking up but still fragile'
- Business Report: Civil contractors more confident as activity grows
- Bureau for Economic Research: Bureau for Economic Research.
![](/res/img/s.gif)