Home » Industry News » Building Construction Infrastructure & Development News » Building Plans passed: Western Cape now in top spot

Building Plans passed: Western Cape now in top spot

Total building plans passed in the Western Cape between January and June 2022 increased by 33.2% in value compared to the same period last year, translating to a value of R17.86 billion and surpassing Gauteng both in value as well as percentage growth.

This is according to Statistics South Africa’s ‘Selected building statistics of the private sector as reported by local government institutions’ report, released on 18 August 2022.

This includes R10.29 billion worth of residential buildings, R2.37 billion worth of non-residential buildings, and R5.19 billion in additions and alterations.

A provincial breakdown is as follows:

Province Value Jan – June 2022 % increase/decrease Jan – June 2022
Western Cape R17.86 billion +33.2%
Gauteng R16.80 billion -7.5%
KwaZulu-Natal R10.30 billion -2.3%
Eastern Cape R3.44 billion -21.4%
Mpumalanga R2.62 billion +49.8%
North West R1.92 billion -28.2%
Limpopo R1.50 billion +35.2%
Northern Cape R0.82 billion +50.6%
Free State R0.81 billion -34.7%

This is a strong leading indicator for economic growth, and an important leading measure for the creation of jobs as the construction on these projects begin. This is especially important given the pressure the construction sector has felt over the last quarter.

The Western Cape Government is committed to removing red tape and making it easier for the private sector to get on with its job of creating jobs, and we will look to boost business confidence so that we unlock the investment our economy needs to grow.

South African Government

www.gov.za

 

 

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

Redefine unveils SustainAgility to expand pathways into sustainability careers

Redefine unveils SustainAgility to expand pathways into sustainability careers Redefine Properties has announced the launch of SustainAgility, a 12-month internship programme designed to bridge the...

Weelee helps families choose the right vehicle for the December holidays

Weelee helps families choose the right vehicle for the December holidays With fuel above R30 a litre, Weelee’s team is on hand at its Centurion...

MUST READ

AA backs scrapping of fuel levies, wants basic fuel price formula...

AA backs scrapping of fuel levies, wants basic fuel price formula reviewed in public The Automobile Association (AA) of South Africa has welcomed Finance Minister...

RECOMMENDED