Housing mega projects a bonanza for concrete products sector
The government’s launch of 101 ‘catalytic projects’ in terms of its Breaking New Ground housing policy is good news for the concrete products sector.
The leading manufacturer of brick, block and paving machines on the continent, PMSA celebrated its 40th anniversary at Totally Concrete 2016, where it unveiled a range of new products and technology, says Walter Ebeling, MD of PMSA.
Ebeling notes that a large number of PMSA’s customers are focused on the housing market, with the company effectively playing a substantial role in the country’s overall development. PMSA customers produce over two million bricks a day in the Johannesburg area alone.
In her Budget Vote on 3 May 2016, Human Settlements Minister Lindiwe Sisulu indicated that of the 101 projects, 94 are ready for implementation. These projects range across all nine provinces, with a combined value of over R300 billion. They are expected to generate 20 000 additional jobs in the construction and ancillary industries.
Ebeling comments that Minister Sisulu’s announcement is good news for the South African economy. “There is a lot of anxiety about the economy going forward, but substantive government announcements such as this will go a long way to allay such concerns.”
Ebeling points out: “Housing has become a good portion of many of our customers’ businesses. Rural development has been happening, and it will continue. As the housing market develops, our customers will need to be more competitive, which will drive them towards better manufacturing processes and larger machines in pursuit of reduced costs, so they can remain competitive in a tighter market.”
“We have been building on our technology, leadership, expertise and experience in the concrete products sector for the past 40 years and have an array of options to suit all client needs without compromising on end product quality,” Ebeling concludes.