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Sponsored by Dr. Douw Boshoff University of Pretoria, Department of Construction Economics.

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Presentation on theme: "Sponsored by Dr. Douw Boshoff University of Pretoria, Department of Construction Economics."— Presentation transcript:

1 Sponsored by Dr. Douw Boshoff University of Pretoria, Department of Construction Economics

2 Sponsored by Key findings of this study include  Non-residential real estate contributed approximately R174 billion to economic activity, or 5.15% of all economic activity in South Africa during 2013  The contribution to gross domestic product (GDP) in 2013 by non-residential real estate is approximately R81 billion, or 2.4% of the total GDP in South Africa.  Non-residential real estate supports approximately permanent jobs in South Africa, or 1.5% of all employment in the country as at the end of  There was a total of approximately R6.5 billion in taxes generated by non- residential real estate during 2013.

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5  Economic Activity – sum of activity in each sector  Gross Domestic Product – value added by each sector  Job creation  Taxes on products and production  Direct, Indirect and Induced Impact  Economic impact – Not physical impact Emphasis of the study

6  National non-residential real estate  Provincial analysis  Property type analysis  Current and historical impact  Short term forecasting Emphasis of the study

7 Non-residential as % of totalBuildings completed as % of national

8 Economic Activity  Office and banking space – R41.5 Billion  Shopping space – R38.5 Billion  Industrial and warehouse space - R43 Billion  Other non-residential – R11 Billion  Additions and alterations – R40 Billion

9 Gross Domestic Product  Office and banking space – R19.3 Billion  Shopping space – R18 Billion  Industrial and warehouse space – R20 Billion  Other non-residential – R5.2 Billion  Additions and alterations – R18.6 Billion

10 Employment created  Informal –  Semi- & unskilled –  Skilled –  Highly skilled –  Formal –  Total –

11 Net Taxes generated  Office and banking space – R1.55 Billion  Shopping space – R1.44 Billion  Industrial and warehouse space – R1.6 Billion  Other non-residential – R413 Million  Additions and alterations – R1.49 Billion

12 Economic Activity and GDP  Economic activity - R7.8 Billion additional activity  GDP – R3.67 Billion additional contribution

13 Additional jobs to be created  additional jobs to be created

14 Nett taxes to be generated  R20.8 Million in Nett taxes to be generated

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