Infrastructure focus could spark long-awaited construction revival but obstacles persist

South Africa’s construction and infrastructure sector enters 2026 with a rare window of opportunity. The Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana in October, sets out a decisive, albeit fragile, pivot towards rebuilding the country’s economic base by shifting the composition of public spending away from consumption and towards capital investment. The National Treasury’s insistence on restoring fiscal discipline is paired with an equally strong …