ON THE COVER: CASE Construction Equipment has been setting industry standards for 180 years, and the latest launch is inheriting the mantle. Since introducing the first-ever integrated Backhoe Loader in 1957, CASE has fast become a front-runner in the backhoe industry. Now 65 years later, CASE Construction South Africa launches its redesigned and restyled 580V and 695SV Backhoe Loaders.
SA’s regional shopping malls bounce back
Flanagan & Gerard Property Group’s quality portfolio of shopping centres recorded strong mid-year trading, achieving double-digit turnover growth in June and July, despite a challenging economic environment. Across all the Flanagan & Gerard shopping centres, turnover growth in June 2022 was up 12% year-on-year, notwithstanding SA’s retail sales moving backwards 2% in the same month.
The portfolio showed even bigger improvements from July 2021 to July 2022, delivering 20% turnover growth. However, this includes the impact of the July 2021 unrest that hampered trading at some malls.
Afrimat Construction Index recovers in second quarter of 2022
Afrimat, the JSE-listed open pit mining company providing industrial minerals, bulk commodities and construction materials, has released the findings of the Afrimat Construction Index (ACI) for the second quarter of 2022. The ACI is a composite index of the level of activity within the building and construction sectors compiled by economist Dr Roelof Botha on behalf of Afrimat.
According to Dr Botha, the construction sector managed to increase the value added to the economy by an impressive 4,1% in real terms, compared with the previous quarter. “This is despite a series of unfortunate events putting additional pressure on levels of economic activity during the second quarter, including the KwaZulu-Natal floods and lengthy strikes at major mining companies, combined with general economic factors such as weaker prices for precious metals and iron ore, high fuel costs, extensive loadshedding, inefficiencies in rail transport and increasing inflation.”
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