South Africa Infrastructure Report Q3 2009

Executive Summary ....6
Market Overview..........7
South Africa ......... 7
Global Overview ..........9
Governments To The Rescue: The Global Surge In Infrastructure Spending...... 9
Table: Infrastructure Stimulus Plans List ....................... 10
SWOT Analysis..........16
South Africa Infrastructure Industry SWOT.................... 16
South Africa Political SWOT ......... 17
South Africa Economic SWOT ....... 18
South Africa Business Environment SWOT..................... 18
Major Infrastructure Developments And Key Projects.............19
Transport Infrastructure Overview..... 19
New And Ongoing Projects............ 22
Airports......... 22
Ports ............. 24
Roads............ 25
Railways ....... 28
Table: South Africa – Major Infrastructure Projects – Transport .................... 30
Energy And Utilities Infrastructure Overview...................... 32
New And Ongoing Projects............ 36
Power Plants And Transmission Grids ........................... 37
Pipelines ....... 41
Water ............ 42
Table: South Africa – Major Infrastructure Projects – Utilities....................... 43
Construction Overview ....................... 45
New And Ongoing Projects............ 46
Residential Construction................ 46
Commercial Construction.............. 47
Industrial Construction.................. 48
Table: South Africa – Major Infrastructure Projects – Construction................ 49
Special Events – 2010 World Cup................................... 51
Industry Forecast Scenario ........................53
Table: Economic And Construction Data ....................... 53
Business Environment ..............................55
Regional Overview – Africa................ 55
Table: Africa Infrastructure Business Environment Ratings............................ 58
Limits Of Potential Returns............ 58
Risks To Realisation Of Potential Returns ...................... 59
Project Finance Ratings: Outlook for Africa .............................60
Table: Design And Construction Rating ......................... 62
Table: Commissioning And Operating Rating ................ 64
Table: Overall Project Finance Rating........................... 65
Foreign Direct Investment .................. 66
Labour Force...................................... 67
Legal Framework................................ 68
Tax Regime ........ 69
Corruption ......... 69
Macroeconomic Outlook ............................71
Table: South Africa – Economic Activity ........................ 73
Political Outlook........74
Company Monitor......77
Eskom ........... 77
Transnet........ 81
Murray & Roberts Group .............. 83
Country Snapshot: South Africa Demographic Data ...............84
Section 1: Population..................... 84
Table: Demographic Indicators, 2005-2030................... 84
Table: Rural/Urban Breakdown, 2005-2030 .................. 85
Section 2: Education And Healthcare............................. 85
Table: Education, 2002-2005 ........ 85
Table: Vital Statistics, 2005-2030................................... 85
Section 3: Labour Market And Spending Power ............. 86
Table: Employment Indicators, 2001-2006..................... 86
Table: Consumer Expenditure, 2000-2012 (US$) ........... 86
Table: Average Annual Wages, 2000-2012..................... 87
Forecast Modelling.............................88
How We Generate Our Industry Forecasts .......................... 88
Construction Industry .................... 89
Sources .............. 89
Business Environment Ratings............ 90
Ratings Overview................................ 90
Table: Infrastructure Business Environment Indicators .................................. 91
Project Finance Ratings Methodology................................. 92
Design & Construction Phase........ 93
Historical Data & Forecasts.......... 94
Commissioning and Operating Phase- Commercial Construction................... 94
Commissioning and Operating Phase - Energy and Utilities........................... 96
Commissioning and Operating Phase –Transport .......... 98