THE BAD

Finweek English Edition - - THE WEEK -

The value of recorded build­ing plans passed (at cur­rent prices) de­creased by 6.7%, or R1.12bn, be­tween Jan­uary and Fe­bru­ary 2017 com­pared with Jan­uary to Fe­bru­ary 2016, Statis­tics South Africa re­ported on 20 April. Non-res­i­den­tial build­ings fell by 28.2%, or R1.54bn, de­pressed by large year-on-year de­creases in plans passed for shop­ping space in KwaZulu-Natal and Gaut­eng. The largest pos­i­tive con­tri­bu­tion was made by the West­ern Cape, which saw an uptick of 5.5 per­cent­age points, or R916.1m. The bulk of passed build­ing plans com­prised those for apart­ments and town­houses – demon­strat­ing ap­petite for rental space and a de­mand for smaller res­i­dences.

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