English Views: 350 Author: Site Editor Publish Time: 2021-08-30 Origin: Site
The COVID-19 pandemic in South Africa in 2020 caused a recession to South Africa’s economy. The residential, commercial, industrial and institutional sectors are expected to continue to suffer slow growth. Despite the short-term challenges, the medium and long-term prospects remain optimistic. The reasons for the decline in the construction industry mainly depend on the reduction in government infrastructure spending and foreign investment and the increase in material costs. The South African government has proposed a series of long-term plans for the stable development of the construction industry.
The loss of COVID-19 to South Africa is temporary. Although the construction industry has been affected by the blockade caused by the epidemic, experts predict that the epidemic will not last more than two years. The driving force of the construction industry is very strong, South Africa's economic strength is still there, and the demand for infrastructure is still there. In this way, bucket wheel excavator manufacturers should prepare more excavator with bucket modes, heavy machinery parts and grab buckets to promote the development of construction industry.
Government departments realize that in order to develop the economy, the improvement of infrastructure is essential. Only with a strong and modern infrastructure can the economy grow and have the strength to compete with other countries. The South African government announced plans to spend 813.1 billion South African rand (US$67.3 billion) on infrastructure in the next three years to improve the country's energy, water conservancy, transportation and other infrastructure. Infrastructure construction is inseparable from the purchase of heavy machinery, which indirectly promotes the sales of equipment, such as bucket wheel excavators, bucket mini excavators and corresponding construction machinery parts.
In the context of the global promotion of energy conservation and emission reduction, South African government departments are also investing heavily in renewable energy in their development plans. The government plan pointed out to increase the proportion of renewable energy in total energy consumption, thereby increasing investment in renewable energy infrastructure.
According to forecasts by government departments, the civil aviation industry will develop rapidly in the next few years, and both passenger and cargo flows will increase substantially. The expansion and modernization of airport infrastructure is the first problem to be solved, where bucket shovel excavators will be needed. Therefore, the city of Msunduz is expanding the Pietermaritzburg Airport. The project involves the extension of taxiways to aircraft aprons, terminal buildings, new parking and drop-off areas, roads and other related infrastructure.
Attaching importance to education will benefit all generations. South African government departments have increased their investment in the education sector, especially in infrastructure, aiming to improve the dilapidated school buildings in the country. South Africa plans to invest 8.3 billion South African rand (US$767.8 million) in education. It is planned to eliminate 510 mud school buildings by 2023.
At present, the increasing demand of low-income people in South Africa for affordable housing has forced the government to increase investment in the residential construction market. The government and several construction companies are working to develop affordable housing projects in South Africa. This is a major event related to the national economy and people's livelihood, and it also promotes the development of the construction industry and excavator bucket manufacturers in South Africa as more bucket bushing excavators are in need.
