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Civil Engineering and Construction

Safic says listing will support its growth ambitions

By: Matthew Hill     23rd November 2006 Flooring and chemicals business Safic Holdings shares began trading at R1,20 a share on Thursday morning, as it became the 34th company to list on the AltX, but they declined to R1,00 when the bourse closed, which was the price of the initial offering. In an interview at the function celebrating... 

Group Five buys construction-materials group for R750m

21st November 2006 South African building and construction firm Group Five has agreed to buy Quarry Cats from Cobblers Limited for R750-million, in a drive to expand into the infrastructure supply sector and to mitigate the risk of future materials shortages, it said on Tuesday. Quarry Cats is a supplier of... 

Cement imports: 'We won't profiteer,' PPC's Gomersall promises

By: Matthew Hill     20th November 2006 Cement giant PPC would not exploit the current local cement shortage through price increases, although prices were still likely to rise, as the company's increasing costs would have to be passed on to the market CEO John Gomersall said on Monday. 

WG Wearne plan to raise BEE as it eyes more quarry prospects

By: Terence Creamer     17th November 2006 Construction-materials group WG Wearne is considering possible upstream quarry acquisitions on Gauteng’s East Rand, following its successful purchase of three sand and stone quarries from W De Bruyn Sandwerke on the West Rand for R140-million. 

SA construction industry will have to double outpuut to meet demand

By: Sharon Davis     17th November 2006 The construction industry will have to double its current output of R100-billion a year in order to match public- and private-sector growth targets, Public Works Minister Thoko Didiza said at this year’s Construction Conference, held in Durban at the end of October. 

SA firms invited to bid on St Helena airport development

By: Keith Campbell     17th November 2006 Major South African construction com-panies are being invited to bid for the new tender, issued at the beginning of this month, to build an airport on the British South Atlantic island territory of St Helena. 

Upton, Gantsho appointed to Group Five board

By: Nelendhre Moodley     17th November 2006 South African construction company Group Five on Friday announced the appointments of Mike Upton and Mandla Gantsho as executive and non-executive directors respectively of Group Five with immediate effect. 

Construction of first new generation prison to begin

15th November 2006 The construction of the first new generation prison will start next week, the Department of Public Works said this week. 

Magistrate expected to pronounce on 1998 Injaka bridge collapse this month

By: Irma Venter     3rd November 2006 It is expected that the Graskop magistrate’s office will release its decision on whether anyone can be held liable for the 1998 Injaka bridge collapse by mid-November. 

Afrimat eyes quarry-sector consolidation as it finalises fundraising and listing

By: Terence Creamer     27th October 2006 Building-materials miner and processor Afrimat kicked off a roadshow to South Africa’s major institutions last week in a bid to galvanise support for a prelisting private placement of 25-million shares, at R5 a share, ahead of a proposed listing on the construction-and-materials board of... 

New approach required for sector to deal with employment equity imbalances and boost skills levels

By: Ollie Madlala     27th October 2006 A multi-pronged approach is needed to galvanise the construction industry into addressing its employment equity imbalances and boosting levels of skills development, this is the view of Landelahni Recruitment Group CEO Sandra Burmeister. 

Black technical careers body says there are still to few black women choosing engineering as a career

By: Ollie Madlala     27th October 2006 There is still a shortage of black women entering the field of engineering in South Africa, says South African Black Technical and Allied Careers Organisation (Sabtaco) president Pual Kgole. 

Wearne reports earnings surge, positive outlook

By: Terence Creamer     26th October 2006 Construction-materials company WG Wearne released strong interim results for the six months ended August 31, on Thursday, with group revenue rising 72% to R167-million and headline earnings almost doubling to R12,7-million on the R6,5-million for the comparative interim period in 2005. 

Another construction-linked firm set to list on AltX

By: Mariaan Webb     24th October 2006 Flooring and chemicals business Safic Holdings will make its JSE debut in November, when it lists under the construction sector of the AltX, it announced on Tuesday. 

Competition body gives thumbs-up to Wearne buy

24th October 2006 AltX listed building-materials group WG Wearne announced on Thursday that it had received the go-ahead from the Competition Commission to acquire W De Bruyn Sandwerke (DBS) for R135-million. 

Wearne set to announce big rise in interim earnings

16th October 2006 AltX-listed building-materials company WG Wearne expects to announce a 50% to 60% increase in headline earnings a share for the half-year ended August 31, it said on Monday in a trading update to JSE shareholders. 

Afrimat eyes quarry-sector prospects as it finalises fundraising and listing

By: Terence Creamer     16th October 2006 Building-materials miner and processor Afrimat kicked off a roadshow to South Africa's major institutions on Monday in a bid to galvanise support for a prelisting private placement of 25-million shares, at R5 a share, ahead of a proposed listing on the construction-and-materials board of the JSE,... 

SA construction interest in big Mauritian development

By: Nelendhre Moodley     12th October 2006 A new Mauritian property ownership system, the ‘Integrated Resort Scheme’ (IRS), which allows foreigners to purchase property in Mauritius, has opened the way for a R2,5-billion property development. 

New R250m commercial development for Modderfontein

By: Nelendhre Moodley     12th October 2006 Construction company Barrow Construction, Vunani Properties and Sherratt Property Ventures have unveiled plans for a new, 30 000 m2 commercial development in Heartland Properties’ located in Modderfontein, on the East Rand. 

Construction group leaves room in orderbook for higher-margin work

By: Irma Venter     6th October 2006 The best is yet to come. Con-struction firm Aveng CE Carl Grim says his company’s view is that the real high-margin work in the current “very exciting construction boom” will come in the next six months – which is why the company has deliberately left some room on its... 

Fixed-investment driver

By: Irma Venter     6th October 2006 It became more clear as to exactly who is firing South Africa's white-hot truck market at construction company Aveng's annual results presentation last month. 

Contractor for Cape Town stadium should be announced in November

By: Irma Venter     6th October 2006 The tenderbox to build the new R3,3-billion Cape Town stadium opens today. 

Chinese-made luxury buses likely to enter SA as from year-end

By: Irma Venter     6th October 2006 Member of the Imperial group, Commercial Vehicle Holdings (CVH), will sell Chinese-made luxury buses into the South Arican market as from the end of this year. 

Preferred bidder for new KZN airport expected by year-end

By: Nelendhre Moodley     4th October 2006 The preferred bidder for the design and construction turnkey project valued at some R2,5-billion for King Shaka International Airport, located in La Mercy, Kwazulu-Natal, is expected to be announced before year-end. 

Fractured sector aims to speak with one voice to influence policy

By: Helene Le Roux     29th September 2006 The debate about the future unification of the construction sector will be taken one step further at the Construction Confer-ence, which will be held in Durban at the end of next month. 

PPC cement import deal to fill gap ahead of expansion

28th September 2006 Leading local cement producer PPC has signed a contract with an international cement company, which will see the Johannesburg-based firm importing “several million” bags over the next 12 to 24 months, a statement to the JSE said on Thursday. 

Construction industry raises deadline concerns with World Cup organisers

By: Irma Venter     15th September 2006 The South African construction industry has indicated its concern that some of the deadlines set by the 2010 Soccer World Cup local organising committee (LOC) deadlines may not be feasible. 

New Senegalese airport will increase yearly passenger capacity to 3m

By: Jade Davenport     15th September 2006 The Senegalese government has approved the construction of a new international airport in Dakar, which is anticipated to double the current air passenger capacity of 1,5-million a year. 

Aveng's order book rises to R11,3bn as construction-economy booms

11th September 2006 JSE-listed construction, steel and cement group Aveng reported on Monday that its two-year order book had risen to R11,3-billion as the construction economies of South Africa, Australia and the Pacific showed strong growth. 

Construction boom could set new earnings base for M&R

By: Terence Creamer     31st August 2006 Construction group Murray & Roberts (M&R) reported a surge in second-half earnings to 119 cents a share in the six months to June 30, compared to 65 cents in its first half, and CEO Brian Bruce indicated that, while the first half was “seasonally” always lower than the second, the... 

Acsa's R5,2bn expansion programme steps up a gear

By: Jade Davenport     25th August 2006 As infrastructure is the backbone of South Africa’s economy, Airports Company South Africa (Acsa) has committed itself to delivering on its expansion programme in time for the hosting of the World Cup as well as delivering improved infrastructure beyond 2010. 

Aveng expects 40% to 60% rise in year earnings

By: Terence Creamer     24th August 2006 Construction and steel group Aveng anticipates that its headline earnings and earnings a share could rise by between 40% and 60% year-on-year for its financial year ended June 30, 2006. 

Significant BEE participation in development of new central terminal building at JIA

By: Jade Davenport     18th August 2006 Construction of the new R1,99-billion central terminal building (CTB) at Johannesburg International Airport (JIA) is now underway. 

Construction of Botswana diamond technology park set to start this month

By: Jade Davenport     4th August 2006 Work on the civil infrastructure for the new $50-million diamond technology park in Gabarone, Botswana, is set to begin this month month. 

Signs of moderation especially in residential market

By: Irma Venter     28th July 2006 After having accelerated by 17,5% in 2005, building costs increased by 6,2% in the first half of 2006. 

Construction industry will face shortages for some time

By: Keith Campbell     21st July 2006 It will take some years yet for the South African construction industry to overcome its current skills shortages. 

With bridge-building prospects improving, SA mulls skills-dearth challenge

By: Irma Venter     7th July 2006 South Africa’s bridge-building skills pool has been decimated– but fear not, say several experts; it is still possible to build a large and complex structure such as the Bloukrans river arch bridge, in the Eastern Cape, even if the countryshould then call on assistance from abroad.... 

Stocks Building Africa looks offshore for qualified human resources

By: Irma Venter     7th July 2006 A senior management team from construction company Stocks Building Africa is visiting London this month, in order to recruit what it terms “suitably-qualified people”. 

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