<p><img src="https://biz-file.com/c/2501/761984-208x117.jpg?5" width="208" height="117" alt="Nosiyabonga Mongane the first black woman to serve as the President of the South African Council for the Quantity Surveying Profession" align="left"><br><span >Nosiyabonga Mongane the first black woman to serve as the President of the South African Council for the Quantity Surveying Profession</span><p>As interest rates begin to decrease, economists are hopeful about the performance of the construction market in 2025. Reduced interest rates generally lower borrowing costs for both consumers and businesses, which is expected to boost spending and investment, promoting economic growth. However, challenges like high unemployment and fiscal limitations may still impede the full benefits of these rate cuts. While lower rates can encourage private investment, public sector infrastructure projects in South Africa face hurdles such as tight budgets and political influences. Consequently, even with lower interest rates, public-sector construction projects may not experience significant growth due to these persistent issues.</p><br> <a href="https://www.bizcommunity.com/article/the-future-of-quantity-surveying-is-all-about-ai-and-budgets-253717a">Read more...</a> | <a href="https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=254570">Send to a friend</a></p><div style="clear:left"></div>
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