Despite facing many challenges, especially over the past few years, South Africa’s construction sector remains a vital driver for socio-economic development in the country.
The COVID-19 pandemic was an obvious stumbling block for most sectors. The construction industry suffered a significant contraction of R36 billion over three years.
However, trends in 2023 suggest the industry is slowly recovering. The South African Construction Industry Report expects output in 2023 to reach upwards of R232 million with a 5% growth rate.
Big players are sure to welcome this growth after a tumultuous few years. Below, we profile some of the top construction companies in South Africa in 2023.
Concor
Formerly Murray & Roberts Construction, Concor is a well-established construction giant in South Africa that services the building, mining, infrastructure and property development sectors.
The company is responsible for some of South Africa’s largest and most iconic construction projects, including the Gautrain, the Huguenot Tunnel, Bloukrans Bridge and Melrose Arch.
Aveng Group
The Aveng Group consists of a few subsidiaries, including Aveng Grinaker-LTA, which offers construction and engineering services in South Africa.
Another of the group’s subsidiaries, Aveng Steel, supplies steel to domestic and export markets. Aveng Manufacturing also produces products for the construction industry.
WBHO
WBHO Construction has been in business since 1979 and is the largest construction company in South Africa. It also operates in the UK, Australia and other African nations.
WBHO operates in various sectors, including road and bridge construction, earthworks, infrastructure and civil engineering.
Raubex
Raubex Construction (Pty) Ltd was founded in 1974 with a focus on infrastructure development. It also offers building materials supply to large-scale construction projects.
The company operates in South Africa as well as Botswana, Namibia, Cameroon, Zambia and Mozambique. Since acquiring Westforce Construction, it also operates in Western Australia.
CSV Construction
CSV Construction is a Western Cape-based construction company that has experience in a wide range of sectors. It operates throughout South Africa and Namibia.
It has completed a variety of construction projects, including bulk supply pipelines, hospitals and medical treatment facilities, substations, wind farms and shopping malls.
Stefanutti Stocks
Stefanutti Stocks (Pty) Ltd is a large multidisciplinary construction company with a grade 9 rating from the South African Construction Industry Development Board, giving it unlimited tender capability.
It operates in a wide range of sectors, including roads and earthworks, mining, mechanical, electrical and power, construction and building.
Hillary Construction Group
Originally an English company, the Hillary Construction Group started operating in South Africa in 1959. Its head office is now in Polokwane.
It has civil engineering capabilities and specialises in roads, earthworks and steel-reinforced concrete structures. It operates in South Africa, Namibia, Zambia, and Botswana.
Motheo Construction
Motheo Construction is one of the newer heavyweights in South Africa’s construction industry. The company was founded in 1997 by the late Dr Thandi Ndlovu, making it South Africa’s leading, predominantly black female-owned construction company.
It’s a leading provider of social housing and also offers large-scale water solutions, electrical and fibre infrastructure.
WK Construction
WK Construction, which used to be known as WJM Construction, was founded in Cape Town in 1960, giving it more than 60 years of experience in construction and engineering.
It specialises in trenchless technology construction, infrastructure development and pipeline construction.
Group Five
Group Five has been one the largest construction companies in South Africa in the infrastructure and energy sectors.
It constructed the Moses Mabhida Stadium in Durban, as well as major roads as far as Eastern Europe. It operates in South Africa, the rest of Africa, Europe, Russia and the United States.
Unfortunately, Group Five entered business rescue in March 2019 after a power project in Ghana was terminated. It also delisted from the JSE in 2020.
Construction funding in South Africa
At BizFunding, we offer tender funding for construction projects to businesses of all sizes. Our team specialises in funding SA businesses with government construction contracts and tenders.
We have ground-level experience of the construction industry in South Africa, which is why we prefer to partner with businesses by offering hands-on support instead of just unguided funding.
Our profit-sharing model allows us to help your business succeed and grow by ensuring the contract or tender is fulfilled to your client’s expectations.
Construction companies in South Africa can get funding for tenders and other construction projects in a few easy steps. Apply online now or call 012 001 0095 for more information.