Zweli Mokgata
Zweli Mokgata
It has taken just a year to reverse optimism in the construction industry that had taken more than five years to build.
The FNB Building Confidence Index made a rapid decline to 40 points (out of 100) in the fourth quarter of this year, a 12-point drop from the previous quarter.
This showed a sharp decline from its 2007 fourth quarter levels when the industry insiders were so optimistic about trading conditions that they delivered a score of 86.
Architects, quantity surveyors, contractors, sub-contractors, wholesale and retail merchants, manufacturers of building material and other related operators feel their businesses are under extreme pressure.
Building industry has the blues
Zweli Mokgata
Zweli Mokgata
It has taken just a year to reverse optimism in the construction industry that had taken more than five years to build.
The FNB Building Confidence Index made a rapid decline to 40 points (out of 100) in the fourth quarter of this year, a 12-point drop from the previous quarter.
This showed a sharp decline from its 2007 fourth quarter levels when the industry insiders were so optimistic about trading conditions that they delivered a score of 86.
Architects, quantity surveyors, contractors, sub-contractors, wholesale and retail merchants, manufacturers of building material and other related operators feel their businesses are under extreme pressure.