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Fuel price volatility threatens construction project viability

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At the beginning of the year, there was cautious optimism that the construction environment, while still constrained, might at least become more predictable. However, that optimism did not last. Within weeks, the Iran conflict and disruptions to global energy markets pushed fuel prices sharply higher. The knock-on effects spread across the entire construction delivery chain. They affected plant operations, transport, materials, labour allocation and project timelines.

Steel tariffs risk supply shortages

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We have acknowledged the recent implementation of anti-dumping tariff measures on selected steel imports. The International Trade Administration Commission of South Africa (ITAC) published these measures on 20 March 2026. While we support the intention behind these measures, the organisation has also raised concerns about unintended consequences emerging within the market.

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