Skip to content
Setout.
Menu

The Rate Sheet · Issue 03 · September 2026

At the counter the bill is flat

Rates and why

6 min read · Setout · Published

This issue tracks the same product at the same supplier from 30/06/2026 to 08/09/2026 and runs the change through the library recipes with labour and plant held still, so what you see is price, not method. 47 materials and 71 build-ups qualify. The median move is 0.0%: cement, sand, lime, doors, basins and hinges have not moved a cent. The movement sits in a few inputs with a clear cause behind each.

Rate update

Three things that moved the bill

0.0%
Median move
25
Rates up
16
Rates down
30
Unchanged

01 · Copper

+11.3%

Cable is the quiet riser

Surfix 2.5mm cable at Builders went from R35.00 to R41.67 a metre between June and September, taking the cable rate up 11.3% and a light or switch point up 9.4%. LME copper set an all-time high of $14,533 a tonne on 07/09/2026 as buyers front-ran a US tariff on refined metal.

02 · Steel

+9.0%

Sections up while the mills stand still

Mild steel section at BUCO is R24.28 a kilogram against R21.50 in June, so structural steel is 9.0% dearer per tonne, fabricated steel 7.6% and a steel window 5.6%. South Africa now imports its longs: 88% of the billets, rod and rebar came from Zimbabwe by road through Beitbridge.

03 · Finishes

−13.6%

The lines a household can postpone are being discounted

Fibre-cement sheeting is 13.6% cheaper than June, palisade fencing 10.9%, 4mm glazing 9.2%, PVC waste pipe 8.4%, and precast paving 5.2%. The FNB/BER building confidence index fell to 38 in the second quarter. Merchants are clearing stock into a thin order book.

The movers

June to September

The moversEight largest each way. Build-up rate, City average, ex-VAT, recipe and labour unchanged; only the supplier price moves.

UpDown

The movers — percentage change on the average rate, with the previous and new rate for each material.
MaterialMovementChangePrevious rateNew rate
Gypsum ceiling m²+12.3%R 61.11R 74.07
Cable m+11.3%R 35.00R 41.67
Lifting key no+10.5%R 0.00R 0.00
Wall angle / channel m+10.0%R 0.00R 0.00
Light/switch point no+9.4%R 0.00R 0.00
Structural steel t+9.0%R 21.50R 24.28
Steel fabrication kg+7.6%R 0.00R 0.00
Wall tiling m²+7.4%R 109.90R 134.90
Nutec ceiling m²−4.4%R 0.00R 0.00
Precast slab m−4.4%R 0.00R 0.00
Vinyl flooring m²−5.0%R 0.00R 0.00
Precast paving m²−5.2%R 0.00R 0.00
50 waste pipe m−8.4%R 0.00R 0.00
4mm glazing m²−9.2%R 0.00R 0.00
Palisade fencing m−10.9%R 0.00R 0.00
Fibre-cement sheeting m²−13.6%R 0.00R 0.00

Read-across

Why the rest did not move

The bulk of a bill is standing still

  • Cement, sand and lime are flat. PPC Surebuild 42.5N is R128.00 a bag at Builders on both dates, building sand R449 a cube, plaster sand R439.95, lime R126.99 to R139.
  • Energy is showing up in the kiln and board products. Rhinoboard 6.4mm is R74.07 a square metre against R61.11 in June (+21%) and a gypsum ceiling rate is up 12.3%. Eskom's 8.76% increase took effect on 01/04/2026.
  • Rate-sensitive work is waiting on the Reserve Bank. The repo rate was held at 7% on 23/07/2026 by four votes to two. July inflation came in at 4.3%, so the next meeting is open.
  • Diesel has not reached the rates yet. Wholesale diesel went up R2.94 a litre on 02/09/2026 to R29.11 inland, 49.7% higher than a year ago. Aggregates, bricks, precast and anything moved by tipper will show it in October.

On the watch list

  • Copper pipe and cable. The 07/09 record is a squeeze, not a settled level. Get the supplier to hold a price in writing before award.
  • Roof timber. 50×76 SA Pine held at R32–R35/m since issue 02, but formwork bearers are 13% up and the planting-permit shortage has not been resolved.
  • Second-quarter GDP is out today. Stats SA's Q2 release is due at 11:00 on 08/09/2026. Construction has recorded nine consecutive years of decline and now contributes 2.4% of GDP.

The workbook

Where the numbers live

Download

The priced rate library

190 materials on 504 supplier lines, 339 build-ups, and a Settings sheet that drives profit, tier uplift, VAT and on-cost. Enter quantities in column D of any bill; rates, amounts and the Final summary follow.

setout-rate-library-2026-09.xlsxXLSX · 1.4 MB · 34 sheets

One email a month. No spam, unsubscribe anytime.

Method

How the rates are built

Like-for-like means the same product on the same supplier listing on 30/06/2026 and 08/09/2026, median where more than one listing matched. The change is applied to the material line of each build-up with quantities, BIBC labour, on-cost and plant unchanged, then 12.5% profit. Build-ups are included where at least 60% of material cost had a matched listing.

By Setout. General guidance, not project-specific advice.

The Setout list

Get the next Rate Sheet by email

One email a month when the library is re-priced. Free, unsubscribe anytime.

All issues