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INSIGHT : Where are the U.S. construction spending dollars coming from?

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The Census Bureau reports a 7.6% increase in construction spending in the United States during the first eight months of the year compared to the same period last year. Residential construction saw a 7.2% increase, while nonresidential construction experienced an 8.0% increase. Total US construction can be broken down into five main components: residential, commercial, institutional, industrial, and engineering. The full article can be read on DAILY COMMERCIAL NEWS  follow our Whatsapp channel  here  for more hardhatREVIEWS.
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NEWS : Transnet lacks funds for essential infrastructure upgrades.

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The collapse of Transnet has had a significant impact on South Africa's economic performance. Estimates suggest that the cost of Transnet's poor performance on the economy was around R353 billion in 2023. This is despite Transnet's significant competitive advantage over its global peers, with its business dominated by bulk commodity exports that offer lucrative margins.

Based on the Draft Transnet Network Statement released in March of this year, which provides a comprehensive overview of the rail network's condition, there is a substantial task ahead for Transnet to realize its potential.


The full article can be read on BUSINESS TECH follow our Whatsapp channel here for more hardhatREVIEWS.

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