The total capital expenditure on new assets measured at current prices, for the quarter ended March 2026 was estimated at R107 467 million, showing a decrease of 8,6% compared with the quarter ended December 2025 (R117 602 million)

The largest decrease in capital expenditure on new assets between the quarter ended December 2025 and the quarter ended March 2026 was recorded for capital work in progress (-38,8%), followed by vehicles and other transport equipment (-26,8%), computer and IT equipment (-15,5%), investment property (-7,2%), construction works (-6,3%) and computer software (-1,5%). Increases were recorded for buildings and improvements (+12,2%), plant, machinery and equipment (+4,3%), ‘other’ assets (+2,3%) and improvements to right-of-use assets (+1,8%).

Total capital expenditure on new assets increased by 15,4% between the quarter ended March 2025 and the quarter ended March 2026. The largest year-on-year increase in capital expenditure was recorded for computer software (+143,5%), followed by buildings and improvements (+83,0%), ‘other’ assets (+35,8%) and plant, machinery and equipment (+27,4%). Decreases were recorded for improvements to right-of-use assets (-29,3%), investment property (-22,9%), computer and IT equipment (-14,6%), capital work in progress (-11,5%), construction works (-6,8%) and vehicles and other transport equipment (-2,7%). 

The largest contributor to total capital expenditure on new assets in the quarter ended March 2026 was plant, machinery and equipment (contributing 46,2%), followed by construction works (12,8%), vehicles and other transport equipment (11,0%), capital work in progress (10,4%), buildings and improvements (6,6%), computer software (4,8%), ‘other’ assets (4,1%), computer and IT equipment (3,0%), investment property (1,0%) and improvements to right-of-use assets (0,1%).

The largest contributor to total capital expenditure on new assets in the quarter ended December 2025 was plant, machinery and equipment (contributing 40,5%), followed by capital work in progress (15,5%), vehicles and other transport equipment (13,7%), construction works (12,5%), buildings and improvements (5,4%), computer software (4,4%), ‘other’ assets (3,7%), computer and IT equipment (3,2%) and investment property (1,0%).