Value of Building Plans Passed By EC Larger Municipalities Declines
The value of building plans passed by larger municipalities in the Eastern Cape dropped by 1.9% to just over R3.2 billion in the first eight months of this year, compared with the same period last year.
Figures released by Statistics South Africa show that the value of plans for non-residential buildings dropped by 37.7% over this period to R818.8 million, with most segments reflecting a decrease.
Against that the value of plans passed for residential building rose by 17.6% and for alterations and additions by 24.7%.
The value of plans passed for shopping space in the first eight months of 2014 totalled a fraction under R260 million, a drop of 69.8% on the same period last year, while the value of plans passed for office and banking space decreased by 54.5% to R46.8 million from R102.9 million.
Industrial and warehouse space bucked the trend showing an increase of 47.6% to reach R458.2 million, while the value of plans for other non-residential buildings rose by 36.7% to R13.1 million.
This segment includes sport and recreation clubs, schools, crèches, hospitals and churches.
The value of plans passed for houses smaller than 80 square metres increased by 201.2% to R128.4 million, while the number of plans rose from 212 to 988 year-on-year.
The value of plans passed for houses of 80 square metres or more also increased to R761.5 million, 25.7% above the figure for the first eight months of 2013.
Plans for 693 houses were passed compared to 559 last year.
The value of plans passed for flats and townhouses, however, dropped by 57.6% to R86.4 million, with other residential buildings, which includes tourism accommodation, went in the other direction, increasing by 51.9% to R53.8 million.
The value of plans for all alterations and additions increased by 24.7% to R1.4 billion, with the residential sector accounting for just over R1 billion of this, an increase of 18%. - MetroMinutes.
Photo courtesy of www.hibicuscoastseconds.co.za
The South African Weather Service has warned that there will be strong weather conditions in certain parts of South Africa.
The value of building plans passed by larger municipalities in the Eastern Cape, including Nelson Mandela Bay, increased by 2.2% in the first 10 months of this year compared to the same period in 2013.
The Consumer Price Index (CPI) for all items in Port Elizabeth in November came in at 6.2% year-on-year (y/y) above the figure of 5.8% for all urban areas and 5.7% for the Eastern Cape.
The Department of Environmental Affairs has issued environmental authorisation for the construction of marine infrastructure at the Port of Ngqura.
The children at Autism Eastern Cape’s pre-school in Main Road, Walmer, were thrilled with the donation of a large trampoline this month...
The value of building plans passed by larger municipalities in the Eastern Cape increased by 2.5% to just under R3.7 billion in the first nine months of this year compared to the same period in 2013, according to figures released by Statistics South Africa.
PetroSA says that technical work by Sinopec Engineering Incorporation (SEI) for Project Mthombo was completed at the end of last year which was “a major milestone in preparation for the feasibility study”.
Foreign visitors to Nelson Mandela Bay last year spent R198.4 million, according to a report to be submitted to the Economic Development, Tourism and Agriculture (EDTA) Committee later this week.
Economic Development, Tourism and Agriculture (EDTA) Executive Director Anele Qaba wants the EDTA Committee to support the development of a feasibility study for a meat and poultry processing facility in the metro.
Provincial Treasury has updated its Price Index that “provides departments with a schedule of prices that may be considered reasonable for certain goods and services”.