Our Chairman, David Fraser discussing the SA government’s infrastructure investment plan on Moneyweb.
JSE reflects doubts about SA’s government infrastructure investment plan
A lack of confidence in the government’s ability to deliver on its promised multi-billion rand government infrastructure investment plan is being reflected in the lack of any major movement in the share prices of JSE-listed construction and construction material companies.
Construction market intelligence firm Industry Insight reports that its contractors index fell by 8.1 percent in September as confidence in the government’s ability to deliver on promises dries up.
Industry Insight senior economist David Metelerkamp said there has been much hype about large-scale infrastructure stimulus and so-called shovel-ready strategic infrastructure projects over the last few months – but to date it has been all talk with very little action, apart from the recent launch of the R84 billion Mooikloof Mega City Development.