"South Africa Infrastructure Report Q3 2012" Now Available at Fast Market Research
BMI View: Following South Africa's 2011 post-World Cup hangover, we are gradually seeing a return to slow but steady economic growth, with real GDP of 2.7% forecast for 2012. This positive trend is supported by Q112 construction data showing that the sector increased 2% year-on-year (y-o-y), indicating that the slump has finally reached its bottom. However, despite a concentrated effort on infrastructure investment in 2012, we believe the risks to this cautiously optimistic outlook are plentiful, ranging from policy uncertainty...
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