Sacu's growth spurt pushes cement sales up 5.7%

Posted On Friday, 14 January 2005 02:00 Published by eProp Commercial Property News
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Cement sales in the Southern African Customs Union (Sacu) increased 5.7 percent last month as economic growth spurred demand from the construction industry.

Construction IndustryCement sales in the Southern African Customs Union (Sacu) increased 5.7 percent last month as economic growth spurred demand from the construction industry.

Sales in South Africa, Lesotho, Botswana, Namibia and Swaziland rose to 796

594 tons from 753 836 tons a year earlier, the Midrand-based Cement and Concrete Institute said on its website yesterday. Exports surged 81 percent to 27 826 tons.

Economic growth in South Africa rose to an eight-year high in the third quarter of last year, the latest figures available, spurring construction and helping push up house prices by 33 percent last month from a year earlier.

 

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