House price growth, especially outside of the Western Cape, has largely been dismal over the last two years. After growing at rates of between 5% and 9% in the 2020-2022 period, it declined to as low as 0.5% by mid-2024.

Dr Andrew Golding, chief executive of the Pam Golding Property group commented on the budget speech presented on 12th March, “It was positive to note that the critical need for infrastructural improvements has been highlighted in today’s National Budget, as investment in sound infrastructure with a focus on energy, clean water supply and adequate sanitation, well-maintained roads and other transport facilities, as well as affordable and effective broadband connectivity, promotes economic growth, and fosters employment opportunities. 

South Africa’s National Treasury has simplified the approval process for public-private partnerships (PPPs) under R2 billion to boost infrastructure projects and attract private investment. This move, effective June, eliminates the need for Treasury approval of smaller projects, expediting developments like mixed-use facilities and renewable energy sites. Finance Minister Enoch Godongwana’s reform aligns with the World Bank’s recommendations to reduce red tape and stimulate economic growth. Despite concerns over a potential VAT hike and economic forecasts, the updated PPP rules emphasise governmental focus on collaboration with the private sector to foster economic recovery and enhance commercial property values.

In his 2025 address, President Cyril Ramaphosa emphasized transforming South African cities into economic hubs through central housing and reclaiming hijacked buildings. TUHF, a leader in impact investment, champions urban densification for economic growth. Current peripheral housing developments, though cost-effective initially, lead to urban sprawl, fiscal strains, and economic exclusion. Research is needed to align housing development with economic goals. TUHF advocates infill projects to stimulate socioeconomic activity and supports government-led research for informed urban planning.

In South Africa, the impact of climate change is no longer a distant concern – it’s a harsh reality that is already reshaping the landscape. The country faces an unpredictable climate that brings with it an escalating frequency of extreme weather events.

…while the challenges are formidable, they are not insurmountable. The time for action is now, and engineers in South Africa are calling for climate action that can mitigate the damage and build a more resilient, sustainable future for South Africa