OFM The OFM Business Hour

Cost of building in SA is now 11% higher than last year

Loading player...
The cost of building in South Africa is 11% higher than it was last year as local contractors pass the burden of inflation to their clients. According to Craig Lemboe, senior economist at the Bureau for Economic Research (BER), the Building Confidence Index (BCI) for the third quarter of 2022 is now 11% higher year-on-year that it was in the second quarter - thus indicating that the gap between input costs and the tender price is becoming narrower. This means contractors are not carrying the burden of input costs like before and are now leaving clients to foot the higher bill.
28 Sep 2022 2PM English South Africa Business · Daily News

Other recent episodes

The CA of the future: how AI Is changing accountancy

Stan Kobrin, Chief Technology Officer at Makosi, explores how AI is moving accountants beyond back-office finance and into strategy, and why smaller firms may be better positioned for technological change.
10 Sep 9AM 6 min

Inside the flyover that divided the aviation world

South Africa’s aviation reputation came under global scrutiny when Airlink performed a low altitude flyover over Cape Town’s DHL Stadium ahead of the Springboks’ second clash with the All Blacks. The manoeuvre divided aviation experts and sparked fierce debate online. Cutting through the noise, legendary South African airshow commentator Brian…
31 Aug 8AM 10 min

‘Not much room left for mistakes’ – investment analyst on the SPAR Group

The SPAR Group is under increasing pressure to deliver, with little room left for further mistakes. Anchor Capital investment analyst Stephan Erasmus tells the OFM Business Hour that the retailer is approaching its debt covenant limits and urgently needs to improve operating margins and demonstrate stronger financial performance. His comments…
28 Aug 6AM 7 min

UFS Business School: Your partner in lifelong learning

The UFS Business School is your partner in lifelong learning, offering flexible, industry-relevant opportunities that help individuals and organisations grow, lead and succeed. Taking you through the varied programmes and upcoming engagements is Prof MacDonald Kanyangale, Dr Cornelie Crous and Adele Louw from the UFS Business School.
5 Aug 4AM 10 min

Trusted Employer Scheme's second window opens

Government has officially opened the long-awaited second window for corporate employers seeking to become part of the Trusted Employer Scheme (TES), expanding the programme to create a faster, more predictable pathway for companies seeking to bring critical international skills into the country. Marisa Jacobs, Managing Director at Xpatweb, says this…
30 Jul 9AM 13 min
All episodes