In the face of unprecedented global challenges, African economies are demonstrating remarkable resilience, with projected growth rates anticipated to surpass the global average.
According to the recently released 35th edition of the Africa Cost Guide Property Construction 2024/25 by AECOM, Africas economies were set to grow by 3.7 in 2024, followed by 4.3 in 2025.
While this progress is promising, various obstacles, including infrastructure deficits, the effects of climate change, and sociopolitical issues, pose significant hurdles for sustained long-term growth.
Michell Bezuidenhout, the newly appointed PCC director at AECOM, affirmed that South Africa remains a leading destination for investment despite facing lower growth rates.
The public and private sectors can enhance this perception by improving transparency, governance, and investing in critical infrastructure projects, she stated.
