Green shoots seen in construction industry, despite tight conditions

The South African construction sector is still facing "very tough and difficult" conditions, with the 2.5% inflation rate creating an even tighter environment, Econometrix chief economist Dr Azar Jamine said on Friday. Speaking to industry representatives during an Afrisam-hosted post-Budget briefing, he said this cast a negative shadow over employment, as the construction industry created more informal employment than any other sector in the country.