Articles

South Africa Is Becoming A Construction Hub

by Dial A Contractor Building Contractors Johannesburg
South Africa, also known as the Republic of South Africa, is the southernmost country of the African continent. South Africa is a developing country, and many put it into India and Brazil category. In 2018 the GDP growth rate was 1.1 percent. Though the GDP growth rate looks unimpressive, the construction sector is exploring these days. In the year 2016 alone, the country has produced around 15,00,000 job opportunity in the construction sector.

The Construction Companies Pretoria are famous all over the world. Most of the neighboring countries are dependent on South Africa.

Different aspects are contributing the growth.

Geographical Advantages

South Africa is situated at a very advantageous point. South Africa has a huge coastline, and they built several major ports in the region. Using these ports, they can export to the surrounding countries. As most of the neighboring and nearby countries are underdeveloped, the export for South Africa become easier.

Construction companies are implementing innovative ways to reduce the cost of production, and it is helping the country to generate more revenue — the innovation results in a low-cost construction for the locals.

The country’s economy

If you study the South African economy in a detailed manner, you will find that their manufacturing sector is a major drawback for the economy. Their services sector is performing according to the potential and primary sector, also generating a good amount of revenue. They skipped the secondary sector and directly jumped from the primary sector to the service sector.

So the government is working hard to bridging the gap, and that is the reason behind the transformation of South Africa from a domestic consumer-based economy to an export-driven economy.

Architects Johannesburg

Johannesburg is famous for its architecture, and all credit goes to the skillful architects.

According to this year statistics the construction sector shacked one lakh and forty-two thousand jobs only in the first quarter of 2019. For developing and mid-income trap country like south Africa its nothing but a big surprise. This shows the advancement of science in the region. Due to rapid industrialization, companies are leaning towards the machine. As a result, production increased significantly. Currently, the construction sector is contributing 8 percent of the country’s labor force and 4 percent of the country’s GDP.

The recent slowdown of the world economy hurts the country’s economy, but experts are expecting a good increase shortly.

About Dial A Contractor Freshman   Building Contractors Johannesburg

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Joined APSense since, March 14th, 2017, From Cape Town, South Africa.

Created on Sep 17th 2019 03:49. Viewed 151 times.

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