# FNB senior economist, Siphamandla Mkhwanazi says the amount of work currently under way is not enough to address South Africa’s deep infrastructure backlog while order books are consistent with only a lukewarm improvement going forward. Mkhwanazi says data from Statistics South Africa showed that the real value of construction works contracted by 3.4-percent year-on-year in the fourth quarter of 2024, from a 3.6-percent annual decline in the third quarter of 2024:
FNB economist says amount of work currently under way is not enough to address deep infrastructure backlog [SOUND]
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