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Growth prospects shine in Zimbabwe and South Africa's construction markets
Cape Times
|June 25, 2025
CONSTRUCTION markets in Zimbabwe and South Africa are expected to continue on a growth trajectory, providing a strong background for companies such as PPC that are ramping up competitiveness to stand better prospects against imports.
Data from researchers on Tuesday showed that the South African cement market reached approximately 13.78 million metric tons in 2024 and “is expected to grow steadily” over the coming 10 years, with an annual growth rate of 2.50% projected from 2025 to 2034.
Zimbabwe has also seen a booming construction sector with government projects and the retail sector, as well as residential housing sector providing impetus. This was benefiting construction industry companies such as cement and brick manufacturers among others.
Matias Cardarelli, the CEO of PPC, said the company was cautiously optimistic of the infrastructure plans under South Africa’s government of national unity (GNU). He explained that the construction sector was a major driver of the economy through job creation and other activities.
Denne historien er fra June 25, 2025-utgaven av Cape Times.
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