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Construction News

Challenging trading conditions pinch Sephaku earnings

By: Megan van Wyngaardt     9th November 2017 Testament to the difficult market conditions South Africa is currently facing, JSE-listed construction materials provider Sephaku Holdings (SepHold) on Thursday reported a R10.45-million decrease in group net profit to R14.8-million for the six months ended September 30. This was accompanied by a... 

Manufacturing Circle implores Eskom to do internal clean-up before seeking electricity tariff increase

By: Megan van Wyngaardt     8th November 2017 Around 88% of respondents in the Manufacturing Circle Investment Tracker survey for the third quarter noted that they still relied on electricity as the primary energy source for their organisation, followed by gas and other energy sources. For this reason, the Manufacturing Circle is imploring... 

Manufacturing Circle implores Eskom to do internal clean-up before seeking electricity tariff increase
Photo by Duane Daws
Manufacturing Circle chairperson Andre de Ruyter

Indluplace delivers on FY targets

By: Anine Kilian     8th November 2017 Despite tough market conditions, JSE-listed real estate investment trust (Reit) Indluplace Properties had a “very good year” in the 12 months to September 30, with CEO Carel de Wit stating that the company had grown its diversified portfolio and proved to be a significant player in the provision... 

City of Johannesburg needs R12.5bn to fix water infrastructure

By: Megan van Wyngaardt     8th November 2017 The City of Johannesburg (CoJ) has revealed it will need around R12.65-billion over the next ten years to renew and replace the city’s ageing and decrepit water infrastructure. Joburg Water is in the process of building nine new water reservoirs and towers that will serve 163 800 households in... 

US signs $524.7m investment compact with Côte d'Ivoire

By: Reuters     8th November 2017 The Millennium Challenge Corporation, the US government's main development fund, said on Tuesday it had signed a $524.7-million investment compact with Côte d'Ivoire to build schools and improve roads around the busy port in the commercial capital Abidjan. The five-year compact was signed at the... 

Cidb concerned over 140 000 construction job losses

By: Megan van Wyngaardt     7th November 2017 Construction Industry Development Board (cidb) monitoring and evaluation project manager Ntando Skosana on Tuesday described the loss of 140 000 jobs in the local construction industry between the first and third quarters of this year as “disheartening”. The construction industry is an important... 

Cidb concerned over 140 000 construction job losses

Transformation a critical conversation point as progress remains slow

By: Natasha Odendaal     7th November 2017 Transformation in South Africa, and the approaches taken to realise those ambitions, has been revived as an urgent imperative among proponents in the engineering sector, as questions have emerged as to how far off the mark the industry, and the country, is in progressing towards a more inclusive... 

South Africa’s transformation remains skewed – Cesa

By: Natasha Odendaal     7th November 2017 Not enough has been done in the transformation space to tackle the imbalances of the past across South Africa, outgoing Consulting Engineers South Africa (Cesa) president Lynne Pretorius said on Tuesday. Pretorius, whose two-year term had been largely underpinned by the pursuit of transformation... 

Group Five to exit manufacturing business, construction businesses face axe

By: Megan van Wyngaardt     7th November 2017 South African construction giant Group Five will exit construction businesses that it does not believe can be turned around on a sustainable basis. “[Businesses] which are not core to [our] revised strategy . . . will either be sold or closed,” the company said on Tuesday, adding that its... 

Group Five to exit manufacturing business, construction businesses face axe

PPC expects earnings to rise as Africa business grows

By: Megan van Wyngaardt     7th November 2017 JSE-listed construction materials company PPC, which is currently the takeover target of LafargeHolcim and AfriSam, on Tuesday reported that it expects an uptick in its earnings before interest, taxes, depreciation and amortisation (Ebitda) of between 3% and 6% for the half-year ending September... 

Redefine expands Poland portfolio

By: Natasha Odendaal     6th November 2017 As JSE-listed Redefine Properties implements several small incremental adjustments to withstand the current economic headwinds, the real estate investment trust (Reit) is in the midst of concluding a strategic acquisition that will expand its international footprint further. Redefine will buy a... 

Raubex reports muted H1 results

By: Natasha Odendaal     6th November 2017 JSE-listed Raubex recorded a stagnant financial performance for the six months ended August 31. Earnings a share for the half-year increased 1% to 134c, while headline earnings a share ticked up 0.4% to 131.1c during the six months to August. 

Redefine FY17 distribution up 7% y/y

By: Natasha Odendaal     6th November 2017 JSE-listed real estate investment trust (Reit) Redefine Properties on Monday posted a full-year distribution of 92c a share for the year ended August 31, representing year-on-year growth of 7%. The group’s distributable income in rand terms increased by 22.2% to R4.8-billion during the year under... 

Redefine FY17 distribution up 7% y/y
Redefine CEO Andrew Konig

Sanral reopens Msikaba bridge tender

By: Creamer Media Reporter      3rd November 2017 The South African National Roads Agency Limited (Sanral) has reopened the tender process for the construction of the R1.7-billion Msikaba bridge, in the Eastern Cape.    The bridge, located about 23 km east of Lusikisiki, in the Eastern Cape, forms part of the backbone of the greenfield portion... 

Sanral reopens Msikaba bridge tender

Infrastructure governance conference seeks to remove development hobble

By: Schalk Burger     3rd November 2017 The inaugural African Roundtable on Infrastructure Governance conference, hosted by the Development Bank of Southern Africa (DBSA) and co-sponsored by the World Bank, on Thursday, saw robust debate among members about the most effective way to overcome infrastructure development bottlenecks and... 

Equipment supplier provides spare-part warehousing solution

By: Nica Schreuder     3rd November 2017 Owing to increasing demand for improved quality and the availability of production operations, metallurgical plant and equipment supplier SMS group provides consignment stock or warehousing facilities for their operational and insurance spare parts and components. “The service enables customers... 

Equipment supplier provides spare-part warehousing solution
Photo by Duane Daws
SPARE PART GUARANTEE A constant supply of spare parts for clients will reduce downtime

Company completes second sustainable storage project

     3rd November 2017 Self-storage solutions company Stor-Age earlier this year installed a complete solar photovoltaic (PV) system for the generation of its three-phase power requirements at its Tokai store in the Western Cape. This is the second store in Stor-Age’s portfolio to be fitted with PV panels, and forms... 

Company completes second sustainable storage project
Photo by Bloomberg
SUSTAINABLE STORAGE Stor-Age aims to create sustainable infrastructure with minimal damage to the environment

Storage automation in warehousing globally trending

By: Nica Schreuder     3rd November 2017 With the global shift among project managers toward automated storage solutions to rapidly meet customer needs, Germiston-based storage solution and racking manufacturer Acrow says South Africa has been quick on the uptake, with many companies implementing automated mobile racking storage... 

Storage automation in  warehousing globally trending
CUSTOMER INFLUENCE Acrow’s mobile racking storage solution came about as customers required increased automation in their warehousing and storage facilities

Newly inaugurated PV microgrid to supply almost 50% of Robben Island’s electricity

By: Mia Breytenbach     3rd November 2017 Robben Island, a World Heritage Site has gone green with the installation of a R25-million solar energy, lithium-ion battery storage microgrid that will supply almost half of the island’s yearly electricity requirement. The Department of Tourism, together with the appointed engineering,... 

Newly inaugurated PV microgrid to supply almost 50% of Robben Island’s electricity
Photo by Duane Daws
LEON VILJOEN This system makes it the ideal solution, not only for the environment, but also from a business perspective

Logistics property fund seeking development opportunities in South Africa, UK

By: Mia Breytenbach     3rd November 2017 JSE-listed specialist logistics property developer and landlord Equites Property Fund, which has a R1.3-billion development pipeline in progress, is pursuing various development opportunities, in South Africa and in the UK. Equites’ local growth strategy is focused on the development of... 

Logistics property fund seeking development  opportunities in South Africa, UK
LET PORTFOLIO Equites Property Fund has completed the 28 527 m2 distribution centre and head office for Röhlig-Grindrod, in Meadowview, which is being let on a ten-year lease

Suitable solution for African road conditions

By: Tasneem Bulbulia     3rd November 2017 Geosynthetic products manufacturer and supplier Fibertex says its Fibertex AM-2 is the ideal product for road construction and road maintenance projects in Africa, owing to its being highly durable and resistant to all natural soil alkalis and acids. “The Fibertex AM-2 is a flexible... 

Suitable solution for African road conditions
ROAD TO RECOVERY Fibertex AM-2 has been introduced to road authorities in several developing African countries as a cost-effective solution to road rehabilitation

A lot needs to be done to ensure universal access to water and sanitation – Tshwete

By: Dylan Slater     3rd November 2017 The roll-out of water and sanitation services to everyone in South Africa is a key priority for the Department of Water and Sanitation (DWS), says Deputy Minister Pamela Tshwete.  

Reforms, business models key to unlocking private sector investment for climate change – IFC

By: Natasha Odendaal     2nd November 2017 Smart policy reforms and innovative business models can unlock the trillions of dollars in private investment that is needed to ensure Africa meets its climate targets as agreed to in the landmark Paris Agreement. The private sector, boasting innovation, the financing and resources, is considered... 

Report outlines vision for a million South African ‘climate jobs’

By: Terence Creamer     2nd November 2017 A new report has been released in an effort to mobilise South Africans behind the vision of creating a million ‘climate jobs’ as part of the country’s response to the threat posed by climate change. Published by the Alternative Information and Development Centre, the 60-page report has been... 

Report outlines vision for a million South African ‘climate jobs’

Afrimat continues ramp-up of new iron-ore asset Diro

By: Natasha Odendaal     2nd November 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase of... 

New Bloemfontein student residence to open its doors in January

By: Creamer Media Reporter      2nd November 2017 A R120-million, 469-bed student accommodation development built by Respublica Student Living Fund, in Bloemfontein, will be ready for occupation in January 2018.   The residence includes 58 apartments, each with eight single rooms, two bathrooms, a lounge/dining area and communal kitchen. The... 

New Bloemfontein student residence to open its doors in January

Fertiliser maker Yara may build $2bn Mozambique gas-fired plant

By: Reuters     2nd November 2017 Norwegian fertiliser maker Yara International is considering building a $2-billion plant in Mozambique and may seek partners to share the cost, the chief executive said. Mozambique awarded Yara a project in January to make ammonia and urea from the country's gas output, saying the firm could... 

Seifsa ‘cautiously optimistic’ following improved PMI

By: Creamer Media Reporter      1st November 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is “cautiously optimistic” about the sector’s performance, in light of data released by the Absa Purchasing Managers' Index (PMI),  which indicates an improvement in activity in the manufacturing sector. This was the... 

Japan's steelmakers in rare sweet spot, but Kobe Steel may miss out

By: Reuters     1st November 2017 Japan's steelmakers are in the midst of the best market conditions in at least three years as steel prices rise with construction in full swing for the 2020 Olympics in Tokyo and automakers boosting production. But the country's third-biggest steelmaker, Kobe Steel Ltd , is likely to be left out... 

Mamabolo commits to reclaiming govt buildings

By: Anine Kilian     31st October 2017 The Gauteng Department of Infrastructure Development has launched an initiative to recover government buildings that are illegally occupied across the province and to use them for student accommodation and other service delivery requirements. The department has identified several properties that... 

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Sub-Saharan Africa sets another record for number of business reforms

Lanseria to be site of new airport city development

By: Keith Campbell     31st October 2017 Gauteng Premier David Makhura has highlighted the importance of Lanseria International Airport, and planned projects around it, for the development of the north-west quarter of the province. He was delivering the keynote address at the official opening of the new Control Tower and Fire Station... 

Octodec delivers muted FY17 results

By: Natasha Odendaal     31st October 2017 JSE-listed real estate investment trust (Reit) Octodec Investments on Tuesday posted a muted 0.8% growth in distribution for the 2017 financial year, in part owing to a sluggish economy and a more difficult second half. Despite a strong start in the first half of the year, a weak second half... 

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

Transnet looking abroad for growth as it again pares back South Africa capex
Transnet CEO Siyabonga Gama outlines how the utility is dealing with ongoing allegations of State Capture and corruption. Recorded: 30.10.2017. Camera Work & Editing: Nicholas Boyd

Weak demand impacts on industrial property, office rentals – Rode

By: Anine Kilian     30th October 2017 A lack of vigour may be the best way to describe the current performance across the full spectrum of property in South Africa, says property economist Erwin Rode. In the industrial property sector, contractions in spending on durable goods are impacting on the demand for locally manufactured... 

M&R sells Genrec to Southern Palace

By: Anine Kilian     30th October 2017 JSE-listed Murray & Roberts (M&R) has sold Genrec to black-owned industrial company Southern Palace Group. Certain assets and liabilities are excluded from the transaction and will remain with the group. 

IFC and banks close $653m in funding for Egypt solar plants

By: Reuters     30th October 2017 International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653-million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world. Generating up to 752 megawatts of solar... 

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