Urbanisation to trigger construction market growth,EZ RENDA cement rendering
machine can provide a brilliant opportunity to support market demand
Owing to the decline in mining activity because of the global economic downturn,
which has also affected the construction industry negatively, Swaziland-based
construction group Inyatsi Construction chairperson Frans Pienaar states that
business in housing developments will increase for the construction sector in Africa
this year, as a result of an increase in urbanisation.
He adds that urbanisation is linked with a growing middle class across the continent,
which will lead to increased demand for housing, infrastructure, water supply and
purification, as well as sewerage and electricity. Subsequently, there will be spin-offs
in retail, mining and electricity, with critical water shortages also expected.
“The biggest potential for growth in the construction industry lies in infrastructure, and
service facilities such as healthcare and education. There is also a backlog in repairing
old and decayed infrastructure . . .” Even though construction in the transport, energy
and power sectors is critically important for long-term economic growth, Pienaar says,
the industry will remain under pressure, as other infrastructure areas will receive higher
priority because it will be more advantageous to “address low-hanging fruit to gain
political support [and] . . . rather postpone investment in the transport sector”.
Targeted Growth Inyatsi Construction is seeing major growth opportunities across its
sub-Saharan Africa markets. The company is continuously targeting real growth higher
than 15% and, with the African construction industry estimated to be worth more than
$138-billion a year, the opportunity is there. Inyatsi Construction has a current order book
exceeding R3-billion and more prospects are lined up. Some of its projects will get under
way this year, despite being tendered for more than a year ago.
This is an example of the developing countries.next several years,construction industry
will become more important,EZ RENDA cement rendering machine,not only save time
to quickly finish target project,but also a new business opportunity to get more benefitss
,