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Quantity Surveying industry South Africa

Quantity Surveying Industry in South Africa 2019

Yasmin Mahomedy | South Africa | 25 February 2019

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Introduction

This report focuses on the quantity surveying sector in South Africa, which consisted of 2,236 registered professional quantity surveyors and 2,303 registered candidate quantity surveyors in 2018. A subdued macro-economic environment, the weak rand and the country's troubled construction industry, which the quantity surveying sector relies on, caused the quantity surveying sector to contract in 2018. The number of practising salaried quantity surveyors with more than 10 years' experience declined from 28.2% of all practising surveyors to 21.4% in 2018.

Strengths

• Registered South African quantity surveyors have internationally accredited qualifications.
• Well-regulated sector.

Weaknesses

• The sector is dependent on the economy, especially the state of the construction sector.
• Under-quoting creates an expectation for clients to assume that fees should be discounted.

Opportunities

• Expanding the quantity surveyor’s offerings to encompass all areas of project construction management in addition to quantity surveying.
• Growth in Africa.
• Move towards more environmentally friendly green buildings.

Threats

• Continued economic problems and downturn in construction sector.
• Shortage of qualified lecturers.

Outlook

Although the South African economy is slowly recovering from 2018’s recession, there are still negative factors affecting economic growth, which include the volatile rand, unstable electricity supply and the high cost of fuel. With the sector dependent on the economy, especially the construction industry, the quantity surveying sector is expected to see slow growth. Jason Muscat, senior economic analyst at FNB, said civil contractors remain predominantly pessimistic, as reflected by the FNB/BER Civil Confidence Index. “It is difficult to conceive a further, and potentially steeper, fall in construction activity after the declines already experienced over the past few quarters. However, that is what the Q4 survey results suggest. This means that the economy is yet to see any real benefit from president Ramaphosa’s key focus on stimulating fixed investment.”

Quantity Surveying Industry in South Africa 2019

Full Report

R 1 900.00(ZAR) estimated $99.18 (USD)*

Industry Landscape

R 1 330.00(ZAR) estimated $ 69.43 (USD)*

Table of Contents

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PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 2
2.2. Geographic Position 2
3. SIZE OF THE INDUSTRY 2
4. STATE OF THE INDUSTRY 3
4.1. Local 3
4.1.1. Regulations 5
4.1.2. Enterprise Development and Social Economic Development 6
4.2. Continental 7
4.3. International 8
5. INFLUENCING FACTORS 9
5.1. Economic Environment 9
5.2. Labour 10
5.3. Technology, Research and Development (R&D) and Innovation 11
5.4. Cyclicality 12
5.5. Environmental Concerns 12
6. COMPETITION 13
6.1. Barriers to Entry 13
7. SWOT ANALYSIS 14
8. OUTLOOK 14
9. INDUSTRY ASSOCIATIONS 15
10. REFERENCES 15
10.1. Publications 15
10.2. Websites 15
APPENDIX 1 16
Summary of Notable Players 16
COMPANY PROFILES 18
AECOM AFRICA (PTY) LTD 18
AKHA IZWE CONSULTANTS CC 20
BHAM TAYOB KHAN MATUNDA PE INC 21
DE LEEUW SOUTHERN AFRICA (PTY) LTD 23
FERRER HAYIM (PTY) LTD 26
LDM QUANTITY SURVEYORS DBN (PTY) LTD 28
MLC QUANTITY SURVEYORS SA (PTY) LTD 30
RIDER LEVETT BUCKNALL ZA (PTY) LTD 33
TURNER AND TOWNSEND (PTY) LTD 35