Construction activity boosted by July unrest
Efforts to rebuild facilities that were damaged in the violence should continue to boost activity in the fourth quarter
SA’s construction activity gathered momentum in the third quarter as businesses rebuilt factories and warehouses that were damaged during the July unrest, which cost the economy about R50bn.
The construction index, compiled by economist Roelof Botha and backed by Afrimat, rose 2.8% in the three months to end-September compared with the preceding quarter and 4.5% from the same period a year ago. ..