Friday, 08 August 2014 18:30

SA Building Industry verging on ‘MAJOR’ recovery

Aggregate and Sand Producers Association of Southern Africa (Aspasa) director Nico Pienaar has come out saying that despite crippling industry-wide strikes, unstable foreign exchange rates and an uncertain post-election period, the building industry in South Africa is on the mend and is showing signs of recovering beyond several analysts' expectations.

According to the organisation, the latest building data, as well as an array of indicators across the construction, roads, cement and readymix concrete industries appeared to indicate that the market was verging on a major recovery.