Afrimat’s construction index lifts in third quarter
The index, compiled by economist Roelof Botha, has finally seen a reversal of a four-quarter trend of decline
05 December 2019 - 10:33
Open-pit mining and building material supplier Afrimat said on Thursday there was still life left in SA's ailing construction sector, with its measure of building activity rising 5.1% in the third quarter of 2019 compared to the second.
The index, compiled by economist Roelof Botha, has finally seen a reversal of a four-quarter trend of decline, with Afrimat saying growth should gain momentum in 2020 after solid growth of capital formation since the end of March...
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