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Construction News

SA’s export strategy aims to boost capacity for value-added goods, services trade

By: David Oliveira     8th September 2017 South Africa's Department of Trade and Industry's (DTI's) Integrated National Export Strategy (INES) to help improve the global competitiveness of South African exporters and tap the export-led economic growth benefits that have flowed to other developing countries in recent decades. The strategy... 

Low-skilled labour plan could provide solution to unemployment challenge

By: David Oliveira     8th September 2017 Industrial research and development engineering company Greville Wood Developments (GWD) is awaiting funding to recreate a 1986 manufacturing proof study and farming plan, called the Warrenton Plan, which could collectively create about 2 300 jobs in Warrenton, in the Northern Cape, then rolled... 

Partnerships remain key to social housing development

By: Natasha Odendaal     7th September 2017 With access to affordable housing a growing problem in South Africa, the Department of Human Settlements (DHS) on Thursday called on the private sector to partner with government to come up with solutions and to “play their part” in eliminating social housing challenges. Speaking at the ninth... 

Sanral reveals cause of N3 pedestrian bridge collapse

By: Anine Kilian     6th September 2017 The collapse of the Geldenhuys pedestrian bridge on the N3 last month was caused by an impact force on the pier in the median of the highway, an investigation commissioned by the South African National Roads Agency Limited (Sanral) has established.   An independent investigation into the incident... 

Italtile board gives go-ahead for buyout of Ceramic Industries

By: Creamer Media Reporter      6th September 2017 The board of JSE-listed Italtile is satisfied that the acquisition of Ceramic Industries (CIL) and Ezee Tile Adhesive Manufacturers can proceed, notwithstanding the condition imposed by the Competition Tribunal. The tribunal in August approved the acquisition on the condition that Italtile... 

Stor-Age enters UK market with R1.3bn acquisition

By: Creamer Media Reporter      5th September 2017 JSE-listed real estate investment trust Stor-Age will acquire a 97.3% interest in UK self storage operator Storage King for R1.3-billion. The acquisition is in line with Stor-Age’s stated strategy of targeting international self storage markets with attractive growth potential to complement its... 

Fairvest FY17 distributions up 10% y/y

By: Anine Kilian     5th September 2017 JSE-listed real estate investment trust Fairvest Property has grown its distributions by 10.04% year-on-year to 18.33c a share for the financial year ended June 30, exceeding market guidance. Distribution growth has been higher than 10% for the fourth consecutive year.  

WBHO sees challenging Australian project, settlement agreement sip from the profit cup

By: Irma Venter     5th September 2017 A problematic Australian contract and a payment in accordance with a settlement agreement between government and the local construction sector following an investigation into collusion have seen profits slip at JSE-listed construction group Wilson Bayly Holmes-Ovcon (WBHO). The group on Tuesday... 

WBHO sees challenging Australian project, settlement agreement sip from the profit cup
Photo by Duane Daws
WBHO CEO Louwtjie Nel

IDT awarded R170m contract to build facilities at Eastern Cape school

By: Natasha Odendaal     5th September 2017 The Department of Education has tasked the Independent Development Trust (IDT) with the construction of the boarding facilities for the Ntsonkhotha senior secondary school, in Lady Frere, Eastern Cape, over the next three years. The R170-million contract comprises the construction of a dormitory,... 

Texton geared for tough year ahead

By: Natasha Odendaal     4th September 2017 JSE-listed Texton Property Fund is battening down the hatches and tightening its defensive strategy in a tough market that is only set to get tougher. Despite increasing uncertainty facing both the South African and UK markets, the real estate investment trust (Reit) is optimistic that it can... 

Texton geared for tough year ahead
Photo by Duane daws
Texton CEO Nosiphiwo Balfour

PPC receives two other indicative merger proposals as AfriSam submits revised offer

By: Anine Kilian     4th September 2017 AfriSam has submitted a revised merger proposal to PPC, while a regional unit of Fairfax Africa Investments has offered to buy R2-billion of PPC shares, subject to PPC shareholders agreeing to the merger with AfriSam.   PPC on August 25 announced that merger negotiations between itself and... 

PPC receives two other indicative merger proposals as AfriSam submits revised offer

Caution creeps in as renewables industry digests implications of 77c/kWh tariff cap

By: Terence Creamer     4th September 2017 South Africa’s solar photovoltaic (PV) and wind industry bodies have added a degree of caution to their initial positive reactions to an announcement by Energy Minister Mmamoloko Kubayi regarding the signing of power purchase agreements (PPAs) for 26 renewable-energy projects that have been on... 

Caution creeps in as renewables industry digests implications of 77c/kWh tariff cap
Photo by Duane Daws
Energy Minister Mmamoloko Kubayi (in the centre) at the September 1 renewables IPP announcement in Pretoria

Texton reports marginal drop in dividends in FY17

By: Natasha Odendaal     4th September 2017 JSE-listed Texton Property Fund on Monday declared a dividend of 102.8c a share for the year ended June 30, representing a 0.8% drop on the 103.68c declared the year before. In terms of the rebased dividend a share, this represented a 6% increase on the recorded 96.99c rebased dividend a share in... 

Advocates want inquiry into 'illegal, dubious developments' in Durban

By: News24Wire      4th September 2017 Advocates for Transformation (AFT) in KwaZulu-Natal have entered the fray on the issue of "illegal building developments" in Durban, calling on the eThekwini Municipality to take urgent steps to establish a commission of inquiry into "the proliferation of dubious developments" in the city and its... 

Hyprop’s South-Eastern Europe fund eyes possible dual listing

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday said progress was being made in the potential dual-listing of its 60%-owned UK-based Hystead subsidiary, which holds all of Hyprop’s South-Eastern Europe assets, by the first half of 2018. Hystead is eyeing additional listings on the Johannesburg and Luxembourg bourses... 

Grayston bridge collapse inquiry to resume at end of September

By: African News Agency      1st September 2017 The Department of Labour inquiry into the collapse of the temporary bridge structure on Johannesburg’s M1/Grayston Drive, which left two people dead and 19 others injured, will resume later this month. In a statement on Friday, the department said the inquiry would finally in Pretoria on... 

Texton appoints new CFO

By: Creamer Media Reporter      1st September 2017 Inge Pick has been appointed CFO and executive FD of Texton Property Fund, effective September 18. She is a qualified chartered accountant and has a wealth of financial and strategic management experience at a senior level in the real estate investment trust (Reit) sector. 

Hyprop lifts distributions in FY17

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday posted a 12.1% hike in dividend to 695.1c a share for the financial year ended June 30. The real estate investment trust reported that distributable earnings benefited from the inclusion of R101.8-million in income from the investments in South-Eastern Europe, up from... 

Master Builders South Africa’s yearly congress to unpack construction industry challenges

By: Creamer Media Reporter      1st September 2017 Under this year’s theme of Building South Africa Together, the yearly Master Builders South Africa (MBSA) Congress aims to tackle economic transformation in the South African construction sector and the impact of ratings downgrades on the development and the future of the industry. Now it its... 

Studies point to favourable outlook for vanadium redox flow battery

By: Mia Breytenbach     1st September 2017 There is favourable demand for vanadium redox flow batteries (VRFBs), particularly in the utility and offgrid, as well as minigrid, markets, with demand to peak from 2025 to 2030. This is according to recently concluded market studies, commissioned by Aim-listed Bushveld Minerals’ energy... 

Studies point to favourable outlook for vanadium redox flow battery
Photo by Duane Daws
FORTUNE MOJAPELO There is no longer any doubt about the growth of energy storage globally to gigawatts of annual capacity and billions of dollars in market opportunity

Manufacturer to improve efficiency through software and sensors

By: Simone Liedtke     1st September 2017 With industry moving towards embracing the technology advancement of Industry 4.0, manufacturing company DMG MORI aims to improve machine tools operation efficiency through remote maintenance, operation status management and accurate failure prediction for machines using networking, software and... 

Manufacturer to improve efficiency through  software and sensors
DMU210P The DMU210P is available with up to 5-axis and is valued at about €1.2-million

Black industrialist bemoans lack of government support

By: Dylan Slater     1st September 2017 Engineering and fabrication company Oro Projects is struggling to make headway in the engineering and fabrication industry, owing to a lack of support from government departments and financial support institutions, which have been vocal about their willingness to assist black-owned industry.  

Black industrialist bemoans  lack of government support
Photo by Duane Daws
BLACK INDUSTRIALIST Oro Project’s Benoni-based plant is a large industrial fabricator with significant potential to skill and employ people

Advanced lighting technology boasts significant improvements

     1st September 2017 Advanced lighting technology from electrical solutions provider Magnet Energy has significantly improved light levels, enhanced safety and contributed to energy savings at the Centurion Mall parkade in Pretoria. 

Advanced lighting  technology boasts  significant improvements
TRADITIONALLY COMPLEX Lighting solutions for parkades are complex projects, as most of the installation work needs to be done outside of normal business hours

Ghana officials showcase progress on international airport project

By: David Oliveira     1st September 2017 The construction of a new terminal at Ghana’s Kotoka International Airport (KIA), in Accra, is expected to transport five-million passengers a year once completed in April next year. The project, funded by the African Development Bank (AfDB), with a $120-million facility, will not only improve... 

Caterpillar inaugurates new Joburg parts distribution centre 

By: Mia Breytenbach     31st August 2017 Caterpillar has officially inaugurated its new parts distribution facility, near Johannesburg, Gauteng. The 60 000 m2 facility consolidated two smaller parts distribution sites – Linbro Park and Isando – and offers several advantages, including enabling the company to work more efficiently, while... 

Caterpillar inaugurates new Joburg parts distribution centre
Caterpillar has officially inaugurated its new parts distribution facility, near Johannesburg, Gauteng. Video and editing: Darlene Creamer 31.8.2017

Gauteng DID turns a corner, promises no more excuses

By: Natasha Odendaal     31st August 2017 Gauteng’s Department of Infrastructure Development (DID) has taken a hardline stance towards delivering quality infrastructure projects on time and on budget, to the point that Infrastructure Development MEC Jacob Mamabolo has said there would no longer be any excuses for any project not moving... 

Gauteng DID turns a corner, promises no more excuses
Photo by Duane Daws
Gauteng Infrastructure Development MEC Jacob Mamabolo

CIG expects lower FY17 earnings

By: Creamer Media Reporter      31st August 2017 JSE-listed Consolidated Infrastructure Group (CIG) expects its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year ended August 31, to decrease by 25% to 35%. EPS are expected to be between 165.75c and 191.25c, compared with 225c in the 2016 financial year,... 

Rustenburg did not overspend on rapid transport system, Scopa hears

By: African News Agency      31st August 2017 The Rustenburg local municipality did not over spend on the Rustenburg Rapid Transport (RRT) project, the North West Scopa heard on Wednesday. Mayor Mpho Khunou, Speaker Sheila Mabale-Huma and Municipal Manager Nqobile Sithole were called to appear before the Standing Committee on Public Accounts... 

Growthpoint’s FY17 distribution surpasses guidance

By: Natasha Odendaal     30th August 2017 JSE-listed real estate investment trust Growthpoint Properties on Wednesday posted a distribution growth of 6.5% for the year ended June 30, surpassing its guidance. The group declared a final dividend of 100.8c a share for the year – a 6.9% rise on the 94.3c apiece declared in 2016 and in excess... 

Kusile Unit 1 brought into full commercial operation well ahead of schedule

By: Samantha Herbst     30th August 2017 Unit 1 of Eskom’s Kusile power station has been brought into full commercial operation, adding 800 MW of much-needed power to help stabilise the national power grid. This means that construction and optimisation of the unit is complete and the operator, Eskom Generation, has taken over the plant... 

Kusile Unit 1 brought into full commercial operation well ahead of schedule
Eskom interim group CEO Johnny Dladla

Cape Town’s first oil storage, distribution terminal open for business

By: Samantha Herbst     30th August 2017 Cape Town’s first independent oil storage and distribution terminal, Burgan Cape Terminal, was officially opened in the Eastern Mole of the Port of Cape Town on Tuesday. The city’s newest energy asset offers 122 000 m3 of diesel and petrol storage and will offer the option to blend bioethanol and... 

Cape Town’s first oil storage, distribution terminal open for business

Botswana reaffirms commitment to 100 MW solar project

By: Terence Creamer     29th August 2017 The Botswana government has assured potential renewable-energy investors that it will follow through with the implementation of a proposed 100 MW utility-scale solar project, for which it received 166 responses to a call for expressions of interest (EoI) released earlier this year. The Botswana... 

Botswana reaffirms commitment to 100 MW solar project

More holistic view of transformation in built environment sector needed

By: Natasha Odendaal     29th August 2017 The skills pipeline in the built environment is a key enabler for transformation in the industry, with a holistic approach to tackling transformative ambitions key to breaking the barriers of the demographically skewed industry. This was one of the key messages emerging from the Council for the... 

More holistic view of transformation in built environment sector needed

Basil Read posts R459m loss, continues restructuring, capital raising

By: Irma Venter     28th August 2017 Construction and engineering group Basil Read on Monday announced a R458.8-million operating loss for the six months ended June 30, compared with a R73.4-million profit for the same period last year. Revenue from continuing operations declined from R2.5-billion, to R2.27-billion. 

Basil Read posts R459m loss, continues restructuring, capital raising

New Transnet, DBSA finance scheme set up to support African rail exports

By: Terence Creamer     28th August 2017 State-owned entities Transnet and the Development Bank of Southern Africa (DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of Transnet Engineering’s (TE’s) rail rolling stock and port equipment. The financing scheme will be... 

New Transnet, DBSA finance scheme set up to support African rail exports
Photo by Duane Daws
Transnet chief officer in advanced manufacturing Thamsanqa Jiyane

SKA Africa partner countries to collaborate on radio astronomy

By: Mia Breytenbach     25th August 2017 Following the conclusion of the fourth Ministerial meeting of the Square Kilometre Array (SKA) Africa partner countries in Accra, Ghana, on Thursday, members of the nine countries, represented by their Science and Technology Ministers and Deputy Ministers, signed a memorandum of understanding to... 

SKA Africa partner countries to collaborate on radio astronomy

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) region is key to diversifying the regional economy away from its current reliance on the export of raw commodities and to supporting economic growth and employment creation. There is broad... 

Infrastructure key to unlocking trade and value chains across SADC region

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