http://www.engineeringnews.co.za
R/€ = 16.83 Change: 0.05
R/$ = 14.31 Change: 0.05
Au 1199.66 $/oz Change: -0.32
Pt 825.50 $/oz Change: -3.29
 

Construction News

Embattled South African construction firm Aveng reports wider FY operating loss

By: Reuters     Updated 2 hours 20 minutes ago South Africa's Aveng reported on Tuesday a wider annual net operating loss due to declining revenue in two business units in its manufacturing business as well as under-performance of three key contracts in its core mining Moolmans unit. After market close, the construction firm reported a net... 

100 Resilient Cities 'game-changer' launched in Cape Town to tackle urban problems

By: News24Wire      21st September 2018 Cape Town has felt the shock of the taps nearly running dry and the shock of floods. It has felt the chronic stress of crime and being the murder capital of the country. The daily stress of hours in traffic congestion and being stranded on trains. The stress of poverty and 450 000 people who want... 

Angola, IFC court South African investors

By: Nadine James     21st September 2018 World Bank Group executive director for Angola, Nigeria and South Africa Bongiwe Kunene says a roundtable event taking place on September 24, will enable South African businesses and investors to explore the growth opportunities in Angola created as a result of the 2017 election of that country’s... 

Pilot programme seeks to align artisan training with industry needs

By: Schalk Burger     21st September 2018 The Centres of Specialisation pilot programme has been launched by the Department of Higher Education and Training (DHET) to develop a focused and industry-led apprenticeship structure for 13 priority trades needed for infrastructure development. The objective is to test the effectiveness of... 

Pilot programme seeks to align artisan training with industry needs

Greater demand for transparency needed in African real estate industry

By: Simone Liedtke     20th September 2018 There is a growing acknowledgement of the central role that a transparent real estate sector plays in providing healthy, productive and competitive environments for communities and businesses, investment management company JLL global research head Jeremy Kelly said on Thursday. Market... 

Positive performance, outlook for construction industry

By: Tasneem Bulbulia     20th September 2018 There has been a very good increase in the value of buildings completed in larger municipalities during the second quarter of this year, to the tune of almost 7%, which presents a recovery from the sluggish growth of the first quarter of the year, the latest Afrimat Construction Index (ACI)... 

Sanral awards R1.65bn Msikaba megabridge contract to Concor Mota-Engil JV

By: Marleny Arnoldi     20th September 2018 The South African National Roads Agency Limited (Sanral) has awarded the Concor Mota-Engil joint venture (JV) the second of two megabridge construction contracts as part of the N2 Wild Coast project. The R1.65-billion bridge will be built near Lusikisiki over the Msikaba gorge.  

Sanral awards R1.65bn Msikaba megabridge contract to Concor Mota-Engil JV
Artist impression of Msikaba bridge

PSV brings on board two key partnerships to drive strategy going forward

By: Marleny Arnoldi     19th September 2018 AltX-listed industrial holding company PSV Holdings has finalised an equity transaction with Regis Holdings and concluded a broad-based black economic empowerment (BBBEE) partnership with Beryl Holdings Partners. Regis is a Mauritanian-headquartered investment holding company, and Beryl... 

Ngqura Port celebrates milestone

By: Simone Liedtke     19th September 2018 The developing Port of Ngqura, owned by Transnet National Ports Authority, celebrated a milestone this week, with the arrival of the first vessel discharging cargo for Osho Cement. Osho Cement is a new cement manufacturer currently under construction in the Coega Special Economic Zone (SEZ), in... 

Ngqura Port celebrates milestone

ELB to focus on IoT for service optimisation, profits up 35% for FY18

By: Marleny Arnoldi     19th September 2018 JSE-listed capital equipment supplier and services provider ELB Group reported a 35% increase in profits to R111-million for the financial year ended June 30, compared with R82-million in the prior year. This was on the back of higher sales across all group segments – sales increased by 50% to... 

Sanral completes road improvements on R510

By: Marleny Arnoldi     19th September 2018 The South African National Road Agency Limited (Sanral) has completed repairs to and the resealing of the 61-km-long R510, which runs from Rustenburg, in the North West, to the Limpopo border. “The road is now much more comfortable for drivers and safer for pedestrians. It has brought some... 

Abland to develop combined-use Menlyn Maine Towers

By: Schalk Burger     19th September 2018 Property developer Abland will develop a combined motor dealership and premium office space, called Menlyn Maine Towers, in Pretoria, and aims to achieve a 4-star green rating accreditation with the Green Building Council of South Africa. The development for the Barloworld Toyota Menlyn... 

Global steel production, consumption growth to slow – Fitch

By: Tasneem Bulbulia     18th September 2018 Growth in global production and consumption of steel in expected to slow over 2018/19, following a significant rebound since early 2016, Fitch Solutions Macro Research’s recently published ‘Global Steel Outlook’ report states. The global market will post a narrowing deficit of 7.4-million tonnes... 

CEO Initiative to support government’s investor outreach at October summit

By: Terence Creamer     18th September 2018 The CEO Initiative is putting its weight behind President Cyril Ramaphosa’s plans for increasing levels of investment and stimulating growth in the recession-afflicted South African economy. The CEO Initiative draws in business leaders from various sectors and rose to prominence during Pravin... 

CEO Initiative to support government’s investor outreach at October summit
Photo by Creamer Media
Jabu Mabuza

Tower Property acquires prime industrial property in Croatia

By: Simone Liedtke     17th September 2018 Tower Property Fund’s Croatian subsidiary TPF International has acquired a prime industrial property in Zagreb, Croatia, for nearly €8.6-million. TPF will fund the purchase price, which is payable in cash on the transfer date, using 60% cash and 40% shares. 

Texton appoints interim CEO

By: Simone Liedtke     17th September 2018 Marius Muller has been appointed interim CEO at JSE-listed Texton Property Fund. He takes over from Nosiphiwo Balfour. 

New road paves way into one of the biggest industrial estates in South Africa  

By: Marleny Arnoldi     17th September 2018 JSE-listed real estate investment trust Redefine Properties, together with Abland Property Developers, on Monday unveiled the completed new public road that will improve accessibility to the S&J industrial estate, situated along the N3 highway, south of Germiston, in Gauteng. The construction of... 

New road paves way into one of the biggest industrial estates in South Africa
S&J industrial estate, in Germiston Gauteng

Poland says door open for South African investors 

By: Simone Liedtke     14th September 2018 Poland is open for business and remains committed to open trade between Poland and South Africa, Polish Ambassador to South Africa Andrzej Kanthak said on Friday. Speaking to delegates at the JSE’s first country investment day, in Johannesburg, which focussed on business relations between South... 

Laser scanning awareness increased in industries

By: Jessica Oosthuizen     14th September 2018 Local engineering and architecture clients are becoming increasingly aware of the concept of laser scanning and the benefits of using it to capture and define real-world spaces into accurate three-dimensional (3D) models, says laser scanning company ArchiScan director Anthony Keyter. “Laser... 

Laser scanning awareness  increased in industries
LASER SCANNING Laser scanning delivers exceptionally accurate measurements and it is a nondestructive, noninvasive and safe method of mapping out structures

Stimulus package to rely on efficiencies not new budgetary resources – Nene

By: Terence Creamer     13th September 2018 Finance Minister Nhlanhla Nene announced on Thursday that government was “building a pipeline of investment opportunities and infrastructure projects” as part of redoubled efforts to address low levels of investment, which had been identified as the main inhibitor of growth in the... 

Stimulus package to rely on efficiencies not new budgetary resources – Nene
Finance Minister Nhlanhla Nene

Ultra-3000 offered to local, international markets

By: Tasneem Bulbulia     13th September 2018 Concrete products machinery manufacturer Pan Mixers South Africa (PMSA) completed trials for the Ultra-3000 last month, and is offering this “unmatched machine” to the South African and international markets, PMSA marketing and sales manager Quintin Booysen tells Engineering News. The PMSA-Ultra... 

Ultra-3000  offered to local,  international markets
SIZEABLE MACHINE The Ultra-3000 is engineered to meet high-volume manufacturers’ requirements for brick, block and paving products

Tongaat's Ntshongweni urban development gets go-ahead

By: African News Agency      12th September 2018 Agricultural group Tongaat Hulett says it has all approvals in place for its Ntshongweni urban development after 20 years of planning. Tongaat said on Tuesday breaking ground on the mixed use development was due to commence in the first quarter of 2019. 

Attacq delivers maiden distribution of 74c

By: Tasneem Bulbulia     11th September 2018 Real estate investment Trust (Reit) Attacq delivered a maiden distribution of 74c apiece for the financial year ended June 30, exceeding market guidance. This comes on the back of the company’s conversion to a Reit in May. 

Failure not an option at DCT berth deepening project, says TNPA

By: Shirley le Guern     11th September 2018 Transnet’s R7-billion megaproject to create deeper berths at the Durban Container Terminal (DCT) Pier 2’s North Quay will create some disruption and require close collaboration. However, given that this is the first project to be funded by the Brazil, Russia, India, China and South Africa's New... 

Failure not an option at DCT berth deepening project, says TNPA

Aveng shareholders vote in favour of 14bn shares issue to pay off debt

By: Marleny Arnoldi     10th September 2018 Construction group Aveng’s shareholders on Monday voted in favour of the resolutions that will give effect to the specific issue of 14.5-billion Aveng ordinary shares. These shares will be issued to the company’s existing bondholders as part of a process that will see the early redemption of... 

Local manufacturing expo to bolster exports, economy

By: Tasneem Bulbulia     10th September 2018 The South African Capital Equipment Export Council (SACEEC) will host its inaugural Local Manufacturing Expo next year, to showcase local manufacturing capabilities and bolster the country’s economic growth, SACEEC CEO Eric Bruggeman told attendees at a presentation during Electra Mining, on... 

Liberty Two Degrees harnesses experienced staff to drive asset efficiency

By: Marleny Arnoldi     10th September 2018 Precinct-focused real estate investment trust (Reit) Liberty Two Degrees (L2D) has added to its team of experienced asset managers, with Carmen Collison now managing the Eastgate shopping centre, in east Johannesburg. Collison previously managed retail assets across a number of listed... 

Stor-Age to acquire self-storage properties in major cities for R58m

By: Marleny Arnoldi     10th September 2018 JSE-listed real estate investment trust Stor-Age has entered into agreements to acquire Roeland Street Investments 2 (RSI2) and Roeland Street Investments 3 (RSI3), for R58-million. RSI2 is being sold by Acucap Investments – a subsidiary of Growthpoint Properties, Stor-Age Property Holdings... 

Fortress secures blue-chip tenant Vodacom for Louwlardia logistics park

By: Marleny Arnoldi     10th September 2018 Real estate investment trust Fortress has secured telecoms and services provider Vodacom as a new tenant at its Louwlardia logistics park development, in Centurion, Gauteng, on a five-year lease, with the option to renew for a further five years. Vodacom will occupy a 17 000 m2 warehouse at... 

TNPA to prioritise ship repairs, oil and gas facilities at Cape Town, Saldanha ports

By: Marleny Arnoldi     10th September 2018 Transnet National Ports Authority (TNPA) has identified infrastructure and port development projects that will be prioritised at its Cape Town and Saldanha ports. This was announced following the Western Cape Regional Customer Forum, held on August 31. The forum is aimed at aligning TNPA’s... 

TNPA to prioritise ship repairs, oil and gas facilities at Cape Town, Saldanha ports
TNPA COO Nozipho Mdawe

Saice parts ways with CEO following controversial opinion piece

By: Marleny Arnoldi     7th September 2018 The South African Institution of Civil Engineering (Saice) has decided to part ways with its CEO, after Manglin Pillay penned a controversial opinion piece on women in science, technology, engineering and mathematics (Stem) careers. Following outraged reactions to the article, titled ‘Out on a... 

Saice parts ways with CEO following controversial opinion piece
Saice former CEO Manglin Pillay

There are deliberate attempts to sabotage government buildings – Nxesi

By: African News Agency      7th September 2018 There are deliberate acts to sabotage government buildings through arson, Public Works Minister, Thulas Nxesi, said on Friday. Nxesi was speaking at a media briefing in Pretoria, accompanied by Health Minister, Aaron Motsoaledi. 

 There are deliberate attempts to sabotage government buildings – Nxesi
Photo by Creamer Media
Public Works Minister Thulas Nxesi

EPP reports strong portfolio, income growth

By: Marleny Arnoldi     7th September 2018 JSE-listed Polish property company EPP has declared a distribution growth of 12% apiece to 5.82c for the six months ended June 30, compared with 5.19c in the first half of 2017, placing the company on track to deliver full year dividends of between 11.6 and 11.8c apiece. EPP’s results show... 

EPP reports strong portfolio, income growth
EPP CEO Hadley Dean

Aveng expects to wrap up noncore disposals by June 2019

By: Terence Creamer     7th September 2018 Embattled construction group Aveng expects to finalise the disposal of all noncore businesses by June 2019. Following a strategic review, the JSE-listed company identified Aveng Trident Steel, Aveng Grinaker-LTA, Aveng Manufacturing, as well as certain properties and other assets, for sale. 

Aveng expects to wrap up noncore disposals by June 2019

Blueprint needed for integration of smart solutions with new and old infrastructure

By: Schalk Burger     7th September 2018 The implementation of sensor networks and smart infrastructure systems can be done as part of maintenance efforts and for greenfield developments, which will help to improve infrastructure resilience and service delivery, says networking multinational Ruckus Networks sub-Saharan Africa sales... 

Blueprint needed for integration of smart solutions with new and old infrastructure
RIAAN GRAHAM The deployment of smart systems can be enabled by introducing a core design principle established by provincial and/or national government

Basil Read business rescue plan meeting rescheduled

By: Marleny Arnoldi     6th September 2018 Construction firm Basil Read said on Thursday that a creditors meeting to consider its business rescue plan was held this week, but that it had been adjourned to allow more time for affected persons to engage and consider the proposals made in the plan. The meeting will be reconvened on... 

Kenya 428 km power line complete, to add 310 MW to grid by December

By: Reuters     5th September 2018 A high-voltage power line to carry electricity from a 310 MW wind power plant to central Kenya from the north is complete and supply to the national grid will stabilise by December, the energy minister said, replacing diesel generation. The 428 km, 400 kV power line is critical for the Lake... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close