New Report Available: South Africa Infrastructure Report Q4 2013
World Cup excesses, heavy bureaucracy and continuing political wrangles have weighed heavy on South Africa's previous impressive industry growth rates. However, we did highlight the industry had hit bottom and would return to growth in 2012. This played out and 2012 real growth data came in as expected at 2.5%, lending credence to our longer term outlook. We now see a slower return to positive territory than we previously anticipated in light of tough macro-economic conditions, with a real construction...
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