Consulting Engineers SA (Cesa) says "political turmoil and instability" weighed heavily on SA’s economy in the first quarter of 2017, after growth in 2016 came in well below the government’s expectations. This has had a "significant effect" on the state’s expected revenue collection and expenditure plans. In its biannual economic and capacity survey for July to December 2016, released on Wednesday, the industry body said gross fixed capital formation in SA fell for the first time since 2009. "The consulting engineering industry is threatened by incapacitated local and provincial governments. As major clients to the industry, it is important that these institutions become more effective, more proactive in identifying needs and priorities, and more efficient in project implementation and management," Cesa CE Chris Campbell said on Wednesday. The public sector remained the most important client to the industry. But government investment had slowed to 1.1% in 2016, from an increase of 1...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now