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Construction News

Construction on Phase A of R1.4bn Umgeni commercial development nearing completion

By: Tasneem Bulbulia     9th October 2018 Construction on the R1.4-billion Umgeni Lifestyle and Deco Park is under way, with completion of Phase A expected this month and the grand opening set for November 1. This commercial concept is a first-of-its-kind for this region, presenting a safe landscaped zone with green spaces and walkways... 

IMF lowers South Africa's economic growth forecasts, urges reforms 

By: Reuters     9th October 2018 The International Monetary Fund on Tuesday cut South Africa's economic growth forecasts for this year and next, as it urged implementation of reforms to improve policy certainty and the efficiency of State-owned companies. Having stagnated for a decade, Africa's most industrialised economy... 

IMF lowers South Africa's economic growth forecasts, urges reforms

Emira concludes major portfolio rebalancing with landmark R1.8bn BEE deal

By: Tasneem Bulbulia     9th October 2018 Emira Property Fund is selling a sizeable R1.8-billion portfolio of 25 office assets to a new majority black-owned entity, Shankly Property Investments, which was specifically set up for this purpose. This concludes the diversified real estate investment trust’s (Reit’s) programme of rebalancing... 

Kenya on course to develop nuclear energy, official says

By: Reuters     5th October 2018 Kenya's ambition of having a nuclear power plant is still on course and it hopes to build its first such facility in the next 12 to 15 years, a senior Energy Ministry official said on Friday. Joseph Njoroge, principal secretary for electricity, told Reuters the East African nation plans to turn... 

New safety footwear collection launched

5th October 2018 Safety footwear manufacturer BBF Safety Group has launched the latest range of Bronx Safety Footwear, which provides durable, safety-compliant protection and performance. "Bronx Safety Footwear is committed to providing consumers with the quality, comfort and durability for which the brand is... 

New safety footwear collection launched
SPECIALISED RANGE Each style of footwear features rubber soles for high heat resistance, oil resistance, anti-slip and excellent durability

African transport infrastructure insufficient for continental growth – Nzimande

By: African News Agency      4th October 2018 Transport Minister Blade Nzimande has said that if Africa wants to capitalise on its fast growth trajectory it needed better transport and logistics as current infrastructure was “insufficient”. Delivering the keynote address at the 2018 African Ports and Rail Evolution Conference at the Inkosi... 

Aveng to sell rail business to Mathupha Capital for R133m

By: Terence Creamer     3rd October 2018 JSE-listed infrastructure group Aveng announced on Wednesday that it would sell its rail business to black-owned investment company Mathupha Capital for R133-million. The proposed transaction is subject to several conditions, including Competition Commission approval, but it is nevertheless... 

Aveng to sell rail business to Mathupha Capital for R133m

Prinsloo to head Redefine's new Europe division

By: Creamer Media Reporter      3rd October 2018 JSE-listed real estate investment trust Redefine Properties has appointed Hyprop Investments CEO Pieter Prinsloo to head up Redefine Europe, effective February 1, 2019.   “The new role was necessitated as Redefine advances its geographic diversification strategy through direct investment in... 

Illovo Central development set for Jan 2020 completion

By: Marleny Arnoldi     2nd October 2018 Construction company Concor Buildings has been awarded a contract for the construction of Illovo Central – a 17-storey mixed-use development near Sandton that is due for completion in January 2020. This is the second of four planned mixed-use buildings planned for the Illovo precinct that is... 

Illovo Central development set for Jan 2020 completion
Illovo Central, to be constructed by Concor Buildings

Group Five announces R1.43bn loss, Teixeira resigns

By: Irma Venter     2nd October 2018 Group Five will focus on its Developments & Investments (D&I) and Operations & Maintenance (O&M) businesses going forward, with a “de-emphasis” on the Construction and Engineer, Procure and Construct (EPC) businesses. This “de-emphasis” did not mean Group Five was walking away from construction,... 

Group Five announces R1.43bn loss, Teixeira resigns
Cristina Teixeira

Uganda to join transparency programme as it seeks mining investors

By: Bloomberg     2nd October 2018 Uganda plans to join a program aimed at rooting out corruption in resource industries as the East African nation seeks to reassure potential investors that it isn’t involved in “conflict minerals.” The Cabinet has already endorsed the plan to join the Extractive Industries Transparency Initiative... 

R4.6bn Nwamitwa dam construction set for 2026 completion, subject to finance availability

By: Marleny Arnoldi     2nd October 2018 The Department of Water and Sanitation plans to appoint contractors for the roads and advanced works for the Nwamitwa dam, in Limpopo, in March 2020, ahead of the appointment of a contractor for the construction of the dam in March 2022, Water and Sanitation Minister Gugile Nkwinti said in a... 

R4.6bn Nwamitwa dam construction set for 2026 completion, subject to finance availability
Water and Sanitation Minister Gugile Nkwinti

LHDA holds workshops on Lesotho Highlands Water Project Phase 2

By: Simone Liedtke     2nd October 2018 The Lesotho Highlands Development Authority (LHDA) has started a series of workshops with registered construction companies in Gauteng and Free State to explain the procurement framework of the Lesotho Highlands Water Project (LHWP) Phase 2 and to share lessons learned from previous tender... 

GDDA seeks contractor to build BioPark Phase 3 at Innovation Hub

By: Tasneem Bulbulia     2nd October 2018 The Gauteng Growth and Development Agency (GDDA) is inviting bids from contractors for the construction of BioPark Phase 3 at The Innovation Hub, in Pretoria. Bids will be evaluated in terms of the 90:10 preferential points system in accordance with the Preferential Procurement Policy Framework... 

Mini-refineries race billionaire to fix Nigerian fuel crisis

By: Bloomberg     2nd October 2018 In the race to solve a fuel-import crisis in Nigeria, Africa’s richest person faces competition from a swarm of tiny challengers. Billionaire Aliko Dangote is building a 650 000 barrel-a-day refinery in Nigeria that will help cut the nation’s $7-billion annual fuel-import bill. Such is the... 

City of Cape Town to spend over R2bn on new housing – De Lille

By: African News Agency      2nd October 2018 The city of Cape Town’s Transport and Urban Development Authority (TDA) will spend over R2-billion on new housing over the next three financial years, with over R500-million budgeted for 2018/19, mayor Patricia de Lille said on Tuesday. In a statement, de Lille said the 2018/19 budget was... 

City of Cape Town to spend over R2bn on new housing – De Lille
Photo by Reuters
Cape Town Mayor Patricia de Lille

Texton declares dividend despite ‘tough’ market conditions

By: Tasneem Bulbulia     1st October 2018 Despite facing some of the toughest challenges in its history, Texton Property Fund declared a final dividend of 41.36c a share for the financial year ended June 30. The total dividend for the year amounted to 89.31c, below guidance, and lower than the total dividend of 102.8c declared in the... 

Clearer disclosure for reporting metrics on the way for listed property sector

By: Marleny Arnoldi     1st October 2018 The South African Real Estate Investment Trust (Reit) sector is getting an update regarding best practice recommendations, to make financial reporting of Reits clearer and more comparable, while bringing the listed property sector on par with Reit structures around the world. The South African... 

Clearer disclosure for reporting metrics on the way for listed property sector
SA Reit chairperson Izak Petersen

Basil Read to proceed with business rescue plan

By: Marleny Arnoldi     28th September 2018 JSE-listed construction group Basil Read’s business rescue plan was approved by 99% of creditors and 98% of independent creditors during a shareholder’s meeting on Thursday. Basil Read entered into voluntary business rescue in June and its business rescue plan was published in August.  

SAIMechE appoints first female president

By: Marleny Arnoldi     28th September 2018 The South African Institution for Mechanical Engineers (SAIMechE) has elected Professor Debby Blaine president for the 2018 to 2020 period. Blaine is an associate professor at Stellenbosch University’s Department of Mechanical and Mechatronic Engineering. She has served on the organisation’s... 

Mindful spending critical for sustainable infrastructure under economic stimulus package – Cesa

By: Marleny Arnoldi     28th September 2018 In light of the launch last week by President Cyril Ramaphosa of an economic stimulus package for South Africa, Consulting Engineers South Africa (Cesa) reiterates that public funds management is critical to deriving true value for money. CEO Chris Campbell said in a statement issued on Friday... 

N1 upgrades in Western Cape now 60% complete, completion targeted for May 2019

By: Marleny Arnoldi     28th September 2018 The R487-million upgrade of a section of the N1 between Plattekloof road and Old Oak interchange, in the Western Cape, is 60% complete. The project is expected to be completed by May 2019.  

Company diversifies aluminium offering

By: Erin Steenhoff-Snethlage     28th September 2018 Aluminium composite cladding / material (ACP or ACM) is widely used on building facades internationally, and although very much in its infancy in South Africa, it is slowly gaining traction. It is preferred over painted surfaces due to its colour retention, corrosion resistance and low... 

Company diversifies  aluminium offering
DESIGN VERSATILITY The aluminium composite material panels allow for versatile facade designs

Closure, rehabilitation of landfills a major issue

28th September 2018 As landfill space in South Africa reaches capacity, the controlled, planned and systematic filling of landfill cells requires progressive closure and rehabilitation, says infrastructure delivery company Aecom, adding that it can provide this specialised service. Landfills may need to be closed... 

Closure, rehabilitation of landfills a major issue
JAM-PACKED JUNK Once filled to capacity, landfills must be closed and decommissioned

Managing waste generation crucial

By: Jessica Oosthuizen     28th September 2018 Effective waste management entails industries’ not overlooking the management of waste generation, says the Council for Scientific and Industrial Research’s (CSIR’s) Waste Research, Development and Innovation Roadmap Implementation Unit manager Professor Linda Godfrey. “There is still a great... 

Managing waste generation crucial
EXPLOSIVE OPPORTUNITIES There are many waste streams where significant opportunities exist for diversion such as organic waste or construction and demolition waste

Company minimising height-access difficulties

By: Thabi Madiba     28th September 2018 Rope access specialist RopeCrew Industrial Abseiling has positioned itself as a viable alternative for those wanting to opt to use rope access as a viable method of accessing areas at height, instead of scaffolding, which is limited and costly. RopeCrew MD Gerrie du Plessis states that rope... 

Mall of Africa to debut world first in integrated solar system

By: Tasneem Bulbulia     27th September 2018 Mall of Africa is set to unveil a world first in integrated renewable energy systems, with the largest rooftop solar photovoltaic (PV) system of its kind in the southern hemisphere and tenth worldwide. The 4 755 kW installation covers most of the available mall roof space, an area of about 45 000... 

Mall of Africa to debut world first in integrated solar system
Mall of Africa's rooftop solar photovoltaic system

Marubeni says Thabametsi unaffected by group’s policy to halve coal capacity by 2030

By: Terence Creamer     27th September 2018 Japan’s Marubeni Corporation reports that the development of the Thabametsi coal-fired power station, in South Africa, has not been affected by the group’s September 18 policy decision to “no longer enter into any new coal-fired power generation business”. As part of the policy change, Marubeni... 

Marubeni says Thabametsi unaffected by group’s policy to halve coal capacity by 2030

Hogan Lovells sheds light on business rescue in construction industry

By: Marleny Arnoldi     27th September 2018 In light of a struggling construction sector in South Africa and many companies going into liquidation or business rescue, and with the business rescue success rate only 10% on average for companies in South Africa, law firm Hogan Lovells says it is crucial for construction companies to carefully... 

Aveng reports strong market interest in most of its noncore assets 

By: Terence Creamer     26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

Aveng reports strong market interest in most of its noncore assets
Aveng executive chairperson Eric Diack in conversation with Engineering News editor Terence Creamer on prospects for the group following some major interventions aimed at stabilising the balance sheet and turning around the struggling business. Camera Work & Editing: Nicholas Boyd. Recorded: 26.09.2018

Hyatt Hotels to more than double its Africa hotels by 2020

By: Reuters     26th September 2018 Hyatt Hotels Corp plans to more than double its hotels in Africa by 2020 to capitalise on improved travel links and robust economic growth that is boosting demand for rooms, the company's regional vice president said on Wednesday. Hyatt currently has nine hotels in Africa but lags far behind... 

Three UCT lecturers participate in international Solar Decathlon competition

By: Simone Liedtke     26th September 2018 Thee lecturers from the University of Cape Town (UCT) are part of Team Mahali, the only team representing sub-Saharan Africa in the international Solar Decathlon competition, which will be held in Morocco next year. The Solar Decathlon is an international competition to design and build a fully... 

Embattled South African construction firm Aveng reports wider FY operating loss

By: Reuters     26th September 2018 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... 

Embattled South African construction firm Aveng reports wider FY operating loss

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... 

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