South Africa Real Estate Tenders

Booming Growth: The South African real estate market is expected to reach USD 1.42 trillion by 2028, growing at a CAGR of 3.60%. Residential properties are the major drivers, with an estimated value of USD 0.83 trillion in 2023.

South Africa Real Estate Government Procurement:
Significant Spending: The South African government is a major player in real estate procurement, spending billions of dollars annually on acquiring land, buildings, and construction services.

Procured Products and Services:
Land acquisition
Construction of government buildings (schools, hospitals, offices)
Infrastructure development
Maintenance and repairs
Property management

Top Authorities:
Department of Public Works and Infrastructure: Responsible for managing government-owned properties and overseeing construction projects.
National Treasury: Provides financial oversight and approves procurement budgets.
Public Service Commission: Sets standards for government procurement practices.

Top Winners:
Construction companies: Large construction companies like Murray & Roberts and WBHO are major beneficiaries of government procurement projects.
Property developers: Companies like Growthpoint Properties and Redefine Properties are involved in developing and managing government-owned properties.
Small and medium-sized enterprises (SMEs): Many government procurement contracts are awarded to smaller companies, promoting economic development.

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