Key findings: Report-50-02-01 - Construction industry , 2024

Income

The total income for the construction industry in 2024 was R605,6 billion, representing an increase of 8,9% per annum compared with the income reported in the corresponding survey of 2020 (R430,8 billion). Comparing 2020 and 2024, the largest increase was reported for ‘construction of civil engineering structures’ (+R58,9 billion), followed by ‘construction of buildings’ (+R33,6 billion) and ‘other building completion’ (+R24,1 billion).

 

Profit margin

Between 2014 and 2024, the construction industry recorded its highest profit margin of 4,8% in 2024. Site preparation’ had the highest profit margin in 2024 at 13,2%, followed by ‘renting of construction or demolition equipment with operators’ (8,6%) and ‘painting and decorating’ (6,3%).

 

Employment

The total number of persons employed in the construction industry as at the end of June 2024 was 539 056. This represents an increase of 3,0% per annum compared with the employment recorded in the corresponding survey of 2020 (479 071). In 2024, ‘construction of buildings’ employed the largest number of persons (139 326 or 25,8%), followed by ‘construction of civil engineering structures’ (124 988 or 23,2%) and ‘other building completion’ (91 785 or 17,0%).