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Construction News

Creditors to vote on Basil Read business rescue plan in September

By: Marleny Arnoldi 21st August 2018 Since JSE-listed Basil Read announced its entering into business rescue in June, it has secured R265-million in funding and its business rescue practitioners (BRP) have, this week, published a business rescue plan. The company’s appointed BRPs – Siviwe Dongwana and John Lightfoot – believe the... →

Construction sector outlook promising following difficult 2017 – Bryte

By: Marleny Arnoldi 21st August 2018 The construction sector in South Africa faced an exceptionally challenging 2017, reaching 17-year lows; however, it remains one of the economic engines of the country. The construction sector holds immense potential for advancement of the country’s general financial wellbeing, says Bryte... →

Only 6% of Joburg bridges are in good condition – JRA

By: News24Wire 20th August 2018 The City of Johannesburg says it is facing a major headache, after the Johannesburg Roads Agency (JRA) said that out of the 902 bridges managed by the City, only 6% are in good condition. The remaining 94% need immediate intervention. "The city is facing a R170-billion infrastructure backlog. Do... →

Transnet results eclipsed by irregular expenditure, qualified audit and State capture

By: Terence Creamer 20th August 2018 A surge in irregular expenditure to over R8-billion triggered a qualification of Transnet’s 2018 financial results, all but eclipsing an otherwise strong financial and operational performance by the State-owned group. The irregular expenditure related primarily to procurement undertaken by... →

M&R announces new appointments for underground mining platform

By: Simone Liedtke 20th August 2018 Mike da Costa was appointed CEO of Murray & Robert’s (M&R’s) global underground mining platform, effective August 1, mining contracting company M&R Cementation reported on Monday. The M&R underground mining platform covers six continents and its service offering spans the project value chain... →

Nairobi Securities Exchange suspends trading of Kenya's ARM Cement

By: Reuters 20th August 2018 The Nairobi Securities Exchange (NSE) said on Monday it had suspended trading of Kenya's ARM Cement three days after it was put under administration. "The suspension in trading of the company's shares takes effect from August 20, 2018," NSE said in a statement. "This suspension shall remain in... →

Municipalities to blame for 'contamination of Vaal river system' – Parliament

By: News24Wire 20th August 2018 A lack of maintenance in sewage infrastructure by municipalities is to blame for contamination into the Vaal River system, Parliament’s Portfolio Committee on Water and Sanitation said on Sunday. "The Sedibeng District and Emfuleni Local Municipalities [are] at the centre of crumbling current... →

Women in construction sector need more support – Nxesi

By: Anine Kilian 17th August 2018 Public Works Minister Thulas Nxesi on Friday implored big contractors to support women in the construction industry through subcontracting work. Addressing women in the construction industry at a Construction Industry Development Board (CIBD) sponsored event, in Pretoria, he said it remained a... →

Basil Read, Esor ask for JSE share trading suspension

By: Creamer Media Reporter 17th August 2018 Construction firms Basil Read and Esor, which have both entered into business rescue, on Friday asked the JSE to suspend trading in their shares. Basil Read requested the suspension until the effect of the business rescue on the listed business can be quantified, which it said is only likely once... →

Microsurfacing system cost effective, environment friendly

By: Donald Makhafola 17th August 2018 Bituminous binders and slurries for road-surfacing specialist manufacturer and applicator Colas South Africa completed 700 000 m² of road reseal for Mogale City local municipality, including several roads in the Krugersdorp Nature Reserve, over the past three years. For the project, which... →

ENVIRONMENT-FRIENDLY The Colas South Africa team applying Colmat L microsurfacing in the Krugersdorp Nature Reserve

Opportunities for growth, innovation for steel

By: Tasneem Bulbulia 17th August 2018 Despite the challenging period that the steel industry is facing, with the difficult economic climate and policy issues, progress is being made within the industry in terms of projects, and current developments present much scope for further growth and innovation. This was the sentiment conveyed... →

IT’S A CONSTRUCTION STEEL Owing to rapid urbanisation, there are a number of opportunities for steel construction that the industry can capitalise on

Cellular concrete holds potential in South Africa for rapid construction

By: Schalk Burger 17th August 2018 Lightweight and strong cellular concrete can reduce the time required to build various elements of buildings and houses in South Africa, although it is currently mostly limited to fill-in applications, says cellular concrete firm Lightbuild Technologies Paul Drozdov. Cellular concrete is... →

Wave of innovation for infrastructure development

By: Donald Makhafola 17th August 2018 With business spend in Africa predicted to grow from $2.6-trillion in 2015 to $3.5-trillion by 2025, wholly black-owned construction group Concor Construction believes that this trend will redefine urban areas and cities, triggering the need for rapid infrastructure development and services.... →

COLLABORATION Concor Construction wants to work with governments and municipalities to meet their mandates for infrastructure delivery

Experts collaborate to deliver project in Kenya

17th August 2018 Integrated infrastructure delivery company Aecom’s Nairobi team, consisting of experts from South Africa, Kenya, Germany and the US, is working on a civil-structure assessment project for a transmission line in Kenya. “A major advantage for Aecom in the region is its ability to leverage its... →

BONI CHILESHE A major advantage for Aecom in the region is its ability to leverage its international expertise and experience on the continent

Expediting infrastructure development to address rapid urbanisation

By: Donald Makhafola 17th August 2018 With increasing urbanisation and technological advancement in African countries, the need for more robust and sophisticated infrastructure to support and sustain this growth is essential, says global engineering consultancy firm SRK Consulting partner and principal civil engineer James Morris.... →

Photo by Bloomberg
URBANISATION There is a need for robust and sophisticated infrastructure to support and sustain increasing urbanisation in Africa

55 Mℓ/d treatment plant completed

17th August 2018 Global optimised resource management company Veolia Water Technologies South Africa recently handed over the 55 Mℓ/d potable water treatment plant to State-owned water utility Umgeni Water in the iLembe district municipality in KwaZulu-Natal. The project was part of the Lower Thukela Bulk Water... →

RELIABLE SUPPLY The 55 Mℓ/d potable water treatment plant in the iLembe District has been handed over to Umgeni Water

Investors looking for viable infrastructure projects in Africa

By: Donald Makhafola 17th August 2018 There is investor appetite for well-structured infrastructure projects on the continent, but investors need clarity from governments on regulations and the various projects earmarked for development, says specialist banking company Investec Bank head of power and infrastructure finance... →

INVESTING IN INFRASTRUCTURE Investec Bank is considering investment in renewable energy, water desalination and treatment projects, transportation infrastructure and speciality buildings

Need for engineers amid infrastructure delivery challenges

By: Donald Makhafola 17th August 2018 Amid basic service delivery challenges, such as housing, water, transport infrastructure and energy, there is a desperate need for engineers in the country, says association for consulting engineering firms Consulting Engineers South Africa (Cesa) president Neresh Pather. He says efforts should... →

NERESH PATHER AND CHRIS CAMPBELL Consulting Engineers South Africa is encouraging partnerships among its member companies, in the form of joint ventures, to benefit in respect of growth and skills transfer

Kenya's ARM Cement CEO says to leave post, to stay as board member

By: Reuters 16th August 2018 The chief executive officer of Arm Cement said on Thursday he planned to leave his post as part of a management shake-up, but would stay on as a board member. "As founder shareholder and entrepreneur, I will be an active Board member and support the incoming CEO and the management team in... →

Rothdene pumpstation upgrade allows municipality to accommodate growth in area

16th August 2018 Following the completion of the Rothdene Pump Station at the end of June, the project aims to provide the Midvaal Municipality with an opportunity to start several housing and social developments in the area. Simone Liedtke tells us more. →

Rothdene pumpstation upgrade allows municipality to accommodate growth in area

Emira delivers positive FY18 performance with 2.53% distribution increase

By: Simone Liedtke 15th August 2018 Real estate investment trust (Reit) Emira Property Fund’s distributions for the financial year ended June 30, increased by 2.53% year-on-year, despite persistently tough trading conditions. This increase, CFO Greg Booyens said on Wednesday, reaffirms the company’s turnaround and return to... →

Freedom Property subsidiary sells noncore residential units

By: Anine Kilian 15th August 2018 Zambesa Investments, a wholly owned subsidiary of JSE-listed Freedom Property Fund, has agreed to sell eight residential units and 33 service stands, collectively called Tubatse Homes, in Burgersfort. The purchase consideration is R12.6-million and comprises a deposit of R2.52-million, which is... →

M&R expects to report higher FY18 earnings

By: Anine Kilian 15th August 2018 JSE-listed Murray & Roberts (M&R) expects its results for the financial year ended June 30, to show an improvement of at least 20% year-on-year in diluted and basic earnings a share and headline earnings a share. The group said on Wednesday that it also expects to report cash, net of debt, of at... →

South African black property owners want certainty over land reform policy

By: African News Agency 15th August 2018 South Africa's black practitioners in the property development sector do not have any qualms about an amendment of the Constitution to expropriate land without compensation, but they want certainty over the policy and decisive action if it is to be implemented. Nkuli Bogopa, president of the... →

City of Joburg makes 71 inner city properties available for private sector development

By: Marleny Arnoldi 14th August 2018 Johannesburg executive mayor Herman Mashaba has declared Johannesburg’s inner city open for business by putting 71 properties out to tender for private sector development into mixed-income housing, student accommodation and small business rental space. This forms part of City of Joburg’s inner... →

Nigeria's State-owned oil company considers refinery partnerships

By: Reuters 14th August 2018 Nigerian National Petroleum Corporation (NNPC) could allow private investors to install two refineries on two of its sites, the State-owned oil company said on Tuesday. NNPC said in a statement that it was considering plans to establish a 100 000 bbl/d brownfield refinery at its Port-Harcourt and... →

Ethiopia plans to build new airport in Oromia region – Fana

By: Reuters 14th August 2018 Ethiopian Airlines plans to build a new airport with annual capacity of 80 million passengers in Bishoftu, about 48km southeast of the capital Addis Ababa, State-affiliated media said on Tuesday. Fana Broadcasting Corporation quoted Ethiopian Airlines CEO Tewolde Gebremariam saying that... →

WG Wearne CFO resigns

By: Simone Liedtke 14th August 2018 Building materials company WG Wearne’s CFO Marius Bierman has resigned as a director with effect from August 11. His resignation follows a mutual agreement between Bierman and the board of WG Wearne. →

Fund manager Vantage provides R2bn for six South African renewable energy projects

By: African News Agency 14th August 2018 Fund manager Vantage said late on Monday it had, through its renewable energy fund Vantage GreenX Note II, provided R2.05-billion of funding to six solar and wind energy projects in South Africa with a combined capacity of 433 MW. The projects, which are part of South Africa's Renewable Energy... →

Kudu gas project might not be viable for Namibia – Energy Minister

By: Reuters 14th August 2018 Namibia's long-delayed Kudu gas-to-power project, seen as key to boosting electricity security in the southwest African country, might not be viable, Mines and Energy Minister Tom Alweendo said on Monday. Namibia's offshore Kudu Gas Fields have proven and probable recoverable reserves estimated... →

Esor’s share price plummets as major subsidiary files for business rescue

By: Simone Liedtke 13th August 2018 JSE-listed Esor’s share price plummeted on Monday by 62.5% as the company announced the start of business rescue proceedings for its Esor Construction subsidiary, which holds the group’s infrastructure, building and housing, pipelines, sanitation and pipe services businesses. The decision follows... →

Kenya charges top officials with fraud over new $3bn railway

By: Reuters 13th August 2018 A Kenyan court on Monday charged the heads of the agency that manages public land and of the state railway with fraud over land allocation for a new $3-billion train line linking the capital with East Africa's biggest port. The line between Nairobi and Mombasa, funded by China, is one of the... →

Tribunal to pursue alleged price-fixing, collusion in R240m Eskom tender

By: Marleny Arnoldi 13th August 2018 The Competition Tribunal has refused an application to dismiss a complaint against companies accused of alleged price-fixing and tender collusion in a R240-million tender issued by State-owned power utility Eskom in March 2015. The tender was for the supply, installation and dismantling of... →

Futuregrowth, Citiq Treasury, Citiq Property Services merger gets green light

By: Marleny Arnoldi 13th August 2018 The Competition Tribunal has approved a merger between Futuregrowth Asset Management, Citiq Treasury and Citiq Property Services. Futuregrowth is the acting agent for Old Mutual Assurance company, wholly-owned by Old Mutual Investment Group Holdings. →

Government changes shake up the sub-Saharan African construction sector

By: Anine Kilian 10th August 2018 International consultancy and construction company Mace has released its latest tender cost update for sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies. →

Western Cape transport department says begins R29m roadworks

By: African News Agency 10th August 2018 The Western Cape province's department of transport and public works (DTPW) said on Friday it had started periodic maintenance on the R341 road between De Rust and Uniondale, and that the R29 million project was expected to be complete by March. The road, last refurbished in 1995, provides access... →

Cape Town changing HID street lights with smart LED technology

By: African News Agency 10th August 2018 The programme to replace high intensity discharge (HID) lamps with light-emitting diode (LED) technology is progressing well, the City of Cape Town said on Thursday. In a statement, the City said it has budgeted approximately R20-million in this new financial year to replace more HID lamps with... →

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