Decreasing investment causes industry lull

There is likely to be a lull in growth for the foreseeable future in construction and the property development industry, owing to reduced government expenditure on large-scale infrastructure projects and uncertainty in private-sector investment markets, says global engineering professional services firm WSP Commercial Civils Africa director of customer experience and strategic growth Francois van Rensburg. “Surveys have highlighted that forecast growth in the industry between 2017 and 2021 is expected to be more moderate than the review period between 2012 and 2016.”