Cees Bruggemans, chief economist of FNB - that sponsors the survey - says overall profitability has improved, but there are restraints that could thwart any recovery as municipalities have spent just 41% of their capital expenditure budgets in the first nine months of the financial year, leaving 59% unspent, according to a Business Day report.
Business Report quotes PPS, a provider of financial and healthcare products aimed at graduate professionals as saying that its survey of almost 800 engineers showed that 40% of engineers were confident that skills shortages could be addressed as these represented a significant constraint for the construction sector.
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