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News 2017

Market Update: June 2017

By 23 June 2017August 18th, 2022No Comments

Building and civil engineering:
The Building division commenced FY17 with a strong order book and has executed projects effectively
throughout the year. As was reported in the latest interim results, local building markets are showing signs of
tapering, particularly within the retail and commercial office sectors. Additionally various high value projects
have either reached completion or are nearing completion which together with a lower order intake is
reflected in the 14% decrease in the overall building and civil engineering order book at 30 April 2017.
While the Civil engineering division has struggled with a low order intake for some time, the award of the
commercial crude oil terminal at Saldanha, to be executed in conjunction with the Roads and earthworks
division, has alleviated some pressure.

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