CAPE TOWN: The announced value of capital projects in SA with a value in excess of R20m rose to R127.8bn in the first half of 2015 from R71.6bn in the first half of 2014, the latest Nedbank Capital Equipment Project Listing showed.
Although this was an improvement on 2014, Nedbank said that the project value was low by historical standards. Nedbank has been conducting the research since 1993 and the previous record was set in 2006 at R931.3bn in constant 2014 rand. The number of project announcements in 2014 fell to 68 from 92 in 2013, and remained well below the record 217 announced in 1996.
The private sector announced 29 projects worth R46.3bn in the first half of 2015, while the public sector announced 15 projects worth R81.6bn. The latter includes two megaprojects, namely Transnet’s R48bn market demand strategy projects and R23bn for the Energy Department’s fourth bid window for renewable energy.
