Photograph by: Judy de Vega
Credit: EP Herald

Yesterday, Buildworks announced it had increased revenue by 270% to R745-million.

This was as a result of the acquisition of 100% of Consolidated Power Projects for R497.5-million.

On Monday, B&W Instrumentation, an electrical construction company operating in the mining and infrastructure sectors, increased revenue by 11.7% to R502.8-million.

But Chris Robinson, director at Eurofinance, said: "Credit is becoming more expensive.

"Add to that the climbing energy costs and we are likely to see a climb in unemployment.

"While South Africa is investing more in roads, railways and general infrastructure, the government is footing the bill for most of these projects," he said.

The slowest growth has been in the development of industrial property, office blocks and other commercial property, an indicator of the effects of the recession, Robinson said.

But "there is a lot of potential there," he added.