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Construction News

Plans under way to build R20m Klipspruit pedestrian bridge

By: Simone Liedtke     Updated 5 hours ago The Johannesburg Roads Agency (JRA) has approved the development of a R20-million pedestrian bridge over railway tracks in Klipspruit, owing to a high volume of pedestrian movement over the railway tracks that lead to the Chiawelo Railway Station. The bridge will prevent the unsafe and illegal... 

Arrowhead vacancies improve despite challenging economic environment

By: Anine Kilian     23rd May 2018 South African focused real estate investment trust Arrowhead achieved a strong operating performance in the six months ended March 31, despite macroeconomic challenges. Speaking to Engineering News Online COO Riaz Kader on Wednesday said that although the company was operating in a very... 

Aton lifts M&R interest to 39.6%

By: Simone Liedtke     22nd May 2018 German-owned Aton, has acquired a further 6 600 issued ordinary shares in Murray & Roberts (M&R) at R15 a share, taking its shareholding in M&R to 39.6%. Aton is seeking to acquire all of the shares in M&R not already owned by it. 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry

By: Marleny Arnoldi     21st May 2018 Steel supplier and processing company Allied Steelrode has affirmed its commitment to an industry representative group the CEO Task Force, which will aid in regenerating the country’s steel sector, through mobilising the downstream industry – which suffers the most when challenges arise in the... 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry
Allied Steelrode executive director Warne Rippon

Dipula reports solid H1 financial results, expects FY dividend growth

By: Marleny Arnoldi     21st May 2018 Real estate investment trust (Reit) Dipula Income Fund achieved an 11.5% year-on-year increase in distributable earnings to R216.4-million for the six months to February 28.  

AfDB, Unido sign MoU to improve Africa’s industrialisation

By: Marleny Arnoldi     21st May 2018 The African Development Bank (AfDB) and the United Nations Industrial Development Organisation (Unido) have signed a memorandum of understanding (MoU) to step up collaboration that will boost Africa’s industrialisation. 

AfDB, Unido sign MoU to improve Africa’s industrialisation

UJ home to new SARChI Chair in Built Environment

By: African News Agency      21st May 2018 The University of Johannesburg (UJ) on Monday announced that it has received a new research chair following the announcement of the latest round of awards by the National Research Foundation in its South African Research Chairs Initiative (SARChI) programme. The Faculty of Engineering and the... 

Aton says will not support M&R’s proposed transaction with Aveng

By: Simone Liedtke     21st May 2018 German-owned Aton believes Murray & Roberts (M&R) is putting its interests ahead of that of shareholders and other stakeholders with its proposed combination with Aveng. The sole intent of M&R’s announcement on Friday that it plans to merge with Aveng, Aton states, is to frustrate Aton’s... 

Texton says concludes deal on acquisition of a portfolio of logistics properties

By: African News Agency      21st May 2018 Property investment fund Texton said on Monday it had concluded agreements with Equites Property Fund and various wholly-owned subsidiaries for the acquisition of a portfolio of logistics properties for an aggregate purchase consideration of R205.3-million. Texton said the acquisition was... 

Radebe officiates at launch of R9.4bn Xina Solar One plant

By: Simone Liedtke     18th May 2018 Xina Solar One, which is owned by a consortium between Abengoa, the Industrial Development Corporation, the Public Investment Corporation and the Xina Community Trust, was officially launched near Pofadder, in the Northern Cape, on Friday. The 300 ha solar thermal plant, which was built by... 

Radebe officiates at launch of R9.4bn Xina Solar One plant

R3bn budgeted for Moloto road upgrade

By: Irma Venter     18th May 2018 The Department of Transport has this financial year set aside roughly R3-billion to upgrade the Limpopo and Mpumalanga sections of the R573 Moloto road. Over the medium term, this road project will receive R4.3-billion. 

R3bn budgeted for Moloto road upgrade
Dr Blade Nzimande

M&R hopes to convince ATON of commercial merits of Aveng tie-up

By: Terence Creamer     18th May 2018 Murray & Roberts (M&R) CEO Henry Laas says he will make every effort to convince its largest shareholder ATON – the German family-owned business, which owns 39% of the company and which has made a firm offer to acquire majority control of the South African engineering and construction group – of... 

M&R hopes to convince ATON of commercial merits of Aveng tie-up
Photo by Creamer Media
M&R CEO Henry Laas

CIG secures funding to turn Conco operation around

By: Marleny Arnoldi     18th May 2018 JSE-listed Consolidated Infrastructure Group (CIG) has secured funding to turn around its power infrastructure services provider subsidiary Conco, which fell into financial dire straits in November.  

Liberty Two Degrees to convert to Reit, acquires further assets

By: Marleny Arnoldi     18th May 2018 Liberty Two Degrees, a property portfolio established by financial services and holdings company Liberty Group, on Friday announced its intention to convert to a corporate real estate investment trust (Reit) and list on the JSE as a new company (NewCo).  

Rope specialist introduces drones to NDT at Eskom

By: Erin Steenhoff-Snethlage     18th May 2018 Rope access specialist Skyriders has introduced the collision-tolerant Elios drones to its nondestructive (NDT) testing offering, and has started using them at State-owned power utility Eskom. The drones are part of Skyriders’ turnkey solution offering that improves the efficiency of the NDT and... 

Rope specialist introduces drones to NDT at Eskom
DRONE INSPECTIONS Skyriders has added a drone to its NDT testing offerings at Eskom facilities

Plans in place to redeem utility

18th May 2018 In its presentation to Parliament last month, State-owned power utility Eskom mentioned that it would be dealing with a number of issues within the utility relating to governance, ethics and accountability as well as improving liquidity to ensure financial sustainability. Presented on April 18,... 

Plans in place to redeem utility
Photo by Creamer Media
REVIVING ESKOM The new board Eskom will focus on multiple aspects to bring it to financial sustainability

Improving water management through deployment of IoT devices

By: Schalk Burger     18th May 2018 The use of low-power wide-area (LPWA) Internet of Things (IoT) devices and Narrowband IoT (NB-IoT) provide significantly greater water management capabilities and highly detailed water information across the value chain, says multinational mobile network operator Vodacom IoT director Deon... 

Stefanutti Stocks’ FY operating loss widens on impairment

By: Simone Liedtke     17th May 2018 JSE-listed Stefanutti Stocks’ operating loss widened to R451-million for the financial year ended February 28, compared with the R106-million loss incurred in the prior financial year. The company on Thursday reported that goodwill and intangible assets of R667-million had been impaired,... 

Construction starts on mixed-use precinct, Barloworld Logistics HQ in Irene

By: Marleny Arnoldi     17th May 2018 Property developers Abland, Giflo Develoments and SOM have started work on a new mixed-use precinct called Irene Boulevard, in the south of Pretoria. This site will become the new four-star rated green headquarters of industrial company Barloworld Logistics, which will be vacating its offices in... 

Construction starts on mixed-use precinct, Barloworld Logistics HQ in Irene

Technical construction used to change historical building to modern art museum 

17th May 2018 The Zeitz Museum of Contemporary Art Africa, built inside of the old grain silo at the V&A Waterfront, in Cape Town, required specialist concretes and technical formwork to realise the vision of the architect Thomas Heatherwick. Schalk Burger has the details. Also making headlines, South African... 

Technical construction used to change historical building to modern art museum
Technical construction used to change historical building to modern art museum

R3bn Rosslyn Hub to create 160 000 jobs

By: Nadine James     16th May 2018 The R3-billion mixed-use Rosslyn Hub development was launched at the African Smart Cities Summit, co-located with the African Construction and Totally Concrete Expo, at the Gallagher Convention Centre, in Johannesburg, on Wednesday. The Rosslyn Hub is a crucial step towards the creation of the... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target
Photo by Dylan Slater
Energy Minister Jeff Radebe

Gemgrow positive it will deliver on B share guidance for FY18

By: Marleny Arnoldi     16th May 2018 JSE-listed real estate investment trust Gemgrow Properties on Wednesday reported a dividend of 26.09c per A share and 19.34c per B share for the three months ended March 31 - 52.18c per A share and 38.52c per B share for the six months ended March 31.  

Group Five secures R650m in bridge funding

By: Irma Venter     16th May 2018 JSE-listed construction company Group Five has secured R650-million in short-term bridge funding. The company said on Wednesday that it had also entered a creditors standstill agreement with regards to the secured short-term bridge funding. 

Group Five secures R650m in bridge funding

Nigeria awards $7bn rail project to Chinese state rail firm – Xinhua

By: Reuters     16th May 2018 Nigeria has awarded a $6.68-billion contract to the China Civil Engineering Construction Corporation (CCECC) for work on a major segment of a railway linking the country's commercial hub Lagos, in the southwest, and Kano in the north, Xinhua reported. "The signing of the ... segment contract... 

Uganda power distributor Umeme to spend $1.2bn to expand grid

By: Reuters     16th May 2018 Ugandan power distributor Umeme plans to spend $1.2-billion in the next seven years to revamp and expand the grid and has hired an adviser to explore options for raising the money, the company's chief executive said on Wednesday. The investments will be used to prepare for an expected rise in... 

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs

16th May 2018 The full text of Public Enterprises Minister Pravin Gordhan’s Budget Vote speech to Parliament on May 15. In it, the Minister warns that it has become evident that several State-owned companies (SOCs) will not be able to trade and borrow their way out of their financial difficulties and that some... 

Gordhan outlines his plan for the ‘recapture’ of South Africa’s SoCs
Public Enterprises Minister Pravin Gordhan

Rebosis concludes agreement to sell six office buildings for R888m

By: Simone Liedtke     15th May 2018 Rebosis Property Fund has, through its Ascension Properties subsidiary, concluded an agreement with Boxwood Property Investment Fund for the sale of six office buildings for R888-million. The properties include 14 Long Street, 45 on Castle, Bergstan Building, Matrix Building, Nedbank Building and... 

Eskom says it intends to play a bigger role in Africa

By: Kim Cloete     15th May 2018 Eskom interim CEO Phakamani Hadebe says the utility is keen to expand its services into other African countries.  “We have made a decision that our ambition is to play a bigger role on the continent,” he told the opening plenary of African Utility Week, in Cape Town, on Tuesday. 

1 000 new nuclear reactors needed to meet global energy demand by 2050 – WNA

By: Anine Kilian     15th May 2018 The world will need to build 1 000 new nuclear reactors to meet global energy demand by 2050, World Nuclear Association (WNA) Harmony Programme adviser Jeremy Gordon said at AtomExpo, in Sochi, Russia, on Monday. He added that nuclear power was in the past 25 years growing at the fastest rate... 

Sinosteel to invest $1bn in Zimbabwe, lift ferrochrome output

By: Reuters     15th May 2018 China's Sinosteel Corporation has agreed to invest $1-billion in Zimbabwe to build a power plant and increase ferrochrome output, the Southern African country's President Emmerson Mnangagwa said on Monday. Sinosteel president Andong Liu said the Chinese firm planned to build three additional... 

Equatorial Guinea may strip Ophir of LNG project due to finance delays

By: Reuters     14th May 2018 Equatorial Guinea will force Ophir Energy out of the company's flagship liquefied natural gas (LNG) project and may scrap it entirely unless long-delayed financing deals worth $1.2-billion are presented to the government by December. The ultimatum is a blow to UK-listed Ophir, which has set aside... 

Calgro M3 confident of securing longer-term working capital

By: Marleny Arnoldi     14th May 2018 Property developer Calgro M3 reported a worse-than-expected financial performance for the year ended February 28, owing to challenging political and associated economic conditions, as well as delays in raising working capital.  

Calgro M3 confident of securing longer-term working capital
Photo by Creamer Media
Calgro CEO Wikus Lategan

Balwin expects sales to grow in FY19, after zoning delays hampered its FY18 performance

By: Marleny Arnoldi     14th May 2018 Housing development company Balwin Properties’ performance for the financial year ending February 28 was largely impacted on by delays in construction at its five latest developments.  

Balwin expects sales to grow in FY19, after zoning delays hampered its FY18 performance
Balwin Properties CEO Steve Brookes

Atlantis SEZ designation to be completed in two months

By: Marleny Arnoldi     14th May 2018 The process of designating the Atlantis Special Economic Zone (SEZ) is to be completed within two months, says Trade and Industry Deputy Minister Bulelani Magwanishe.  

Atlantis SEZ designation to be completed in two months
Trade and Industry Deputy Minister Bulelani Magwanishe at a business engagement session

R10bn budget slash for human settlements dept 

By: News24Wire      11th May 2018 The Department of Human Settlements is on the receiving end of a R10-billion budget cut over the medium term period. This, while the housing backlog stands at an estimated 2.1-million. Addressing a media briefing ahead of her budget vote speech, Human Settlements Minister Nomaindia Mfeketo said:... 

AfriSam anchor sponsor for Fulton Awards

By: Jessica Oosthuizen     11th May 2018 Leading concrete materials supplier AfriSam is the anchor sponsor for the 2019 biennial Fulton Awards, hosted by nonprofit organisation the Concrete Society of Southern Africa (CSSA). According to AfriSam, the event recognises the possibilities that concrete structures create for society and,... 

AfriSam anchor sponsor for Fulton Awards
INNOVATIVE INFRASTRUCTURE The Fulton Awards is an event that honours excellence and innovation in the design and use of concrete
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