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Construction News

Dipula’s R1.25bn acquisition progresses

By: Marleny Arnoldi     23rd March 2018 JSE-listed diversified real estate investment trust Dipula Income Fund on Friday provided further details of its R1.25-billion property portfolio acquisition that was initially announced in November.  

Nigeria needs to boost social spending to sustain growth – Gates

By: Reuters     23rd March 2018 Nigeria needs to boost investment in social infrastructure to lift its population out of poverty and achieve a higher income status, billionaire Microsoft co-founder Bill Gates told Reuters on Thursday. Gates said in an interview that his Bill & Melinda Gates Foundation has committed $1.6-billion... 

New 'key points' bill should include public interest defence – media groups

By: News24Wire      23rd March 2018 A new bill currently being drafted to replace the apartheid-era National Key Points Act should include a clause that protects journalists investigating key points in the public interest, MPs have heard. MPs on the Portfolio Committee on Police went through a draft version of the proposed... 

New 'key points' bill should include public interest defence – media groups

Sephaku Cement FY profit declines 16%

By: Schalk Burger     22nd March 2018 Nigeria-backed cement producer Sephaku Cement has posted a 16% drop in its full-year profit, despite revenue increasing by 3.7% to R2.37-billion in 2017. The company turned a profit of R73.9-million in the second half of the year, compared with a loss of R16.1-million in the first half,... 

Sephaku Cement FY profit declines 16%

Johannesburg Mayor finds procedures not followed in building of storm damaged houses

By: African News Agency      22nd March 2018 An investigation by City of Johannesburg's Group Risk and Assurance Services (Gras) found discrepancies and irregularities by officials and builders of bonded and RDP homes damaged by a storm in December last year. Mayor Herman Mashaba said as a result, three officials in the city's development... 

Heartwood Properties lists on 4AX

By: Marleny Arnoldi     20th March 2018 Exchange trading platform 4 Africa Exchange (4AX) on Tuesday listed its first issuer operating in the property sector – Heartwood Properties.  

Heartwood Properties lists on 4AX
4AX CEO advocate Fay Mukaddam

Growthpoint sees Gauteng East Rand as hotspot for industrial properties

By: Simone Liedtke     20th March 2018 Growthpoint sees Gauteng East Rand as hotspot for industrial properties Gauteng’s East Rand was a hotspot for industrial property leasing in 2017, says Growthpoint Properties, which concluded 70 deals – 40 new and 30 renewals – in the area during the year. 

Growthpoint sees Gauteng East Rand as hotspot for industrial properties
Growthpoint Industrial Division Director Engelbert Binedell

Tanzania says AB InBev to build $100m plant

By: Reuters     20th March 2018 AB InBev, which owns a majority stake in Tanzania Breweries Limited, the country's biggest brewer, will invest $100-million in a new beer plant in the administrative capital Dodoma, the president's office announced. President John Magufuli on Monday chaired a day-long meeting with major foreign... 

UCT scientists convince city to drill cautiously into aquifer

By: News24Wire      20th March 2018 The City of Cape Town's emergency groundwater drilling programme will be formally scrutinised by an environmental monitoring committee. This is to ensure boreholes are located in ecologically-acceptable areas and are operated responsibly, according to a GroundUp report. The programme, that... 

JDA to start construction of R260m Watt Interchange

By: Simone Liedtke     19th March 2018 City of Johannesburg infrastructure development entity, the Joburg Development Agency (JDA), will start construction on the R260-million Watt Interchange next month, with construction expected to be completed in June 2019. This forms part of Work Package 15K for Section 15 of Phase 1C of the Rea... 

Bell Equipment delivers significantly better results

By: Marleny Arnoldi     16th March 2018 Heavy equipment manufacturer Bell Equipment has delivered significantly improved results in 2017, with profit rising to R272.1-million, from R38.6-million in 2016 when the company recorded operating losses of R185-million from its African operations outside South Africa.  

New building player showcases modular building innovation

16th March 2018 Newly formed Cape Town-based company Innovative Modular Concepts (IMC) has unveiled a new modular building innovation for residential and commercial buildings. Leveraging a water-conserving and environment-friendly building process using repurposed material, IMC is constructing energy-efficient,... 

ICT infrastructure still following the money, but new model possible

By: Schalk Burger     16th March 2018 Information and communication technology (ICT) infrastructure being built to support the growing use of digital technologies is following wealth and, by extension, apartheid spatial-patterns, but this can be corrected through development financing and city planning, says University of... 

Engineers urged to assertively infuse social debates with technical insight 

By: Terence Creamer     15th March 2018 Engineers have been urged to become more assertive in keeping political and social debates around water, as well as other infrastructure issues, more technically informed. Delivering the South African Academy of Engineering open lecture in Johannesburg this week, Wits University School of... 

Engineers urged to assertively infuse social debates with technical insight
Photo by Creamer Media
Wits University School of Governance professor Mike Muller

Afrimat Construction Index ticks up, but talks on land may dampen mood

By: Irma Venter     15th March 2018 The 2017 fourth quarter results of the Afrimat Construction Index (ACI) show an upward trend, broadly in line with the uptick in South Africa’s gross domestic product. After reaching an eight-quarter high of 127 at the end of 2016, the ACI declined for two successive quarters before recovering in... 

Afrimat Construction Index ticks up, but talks on land may dampen mood

R2.1bn top-up deal takes PPC SA BEE shareholding to 30%

By: Schalk Burger     15th March 2018 Cement producer PPC on Thursday announced details of its R2.1-billion top-up black economic empowerment (BEE) scheme that, together with the BEE shareholding from two previous transactions, will result in an effective 30% BEE shareholding at the PPC South Africa level. The PPC Phakama... 

R2.1bn top-up deal takes PPC SA BEE shareholding to 30%
PPC CEO Johan Claassen

ELB posts R52m interim profit

By: Marleny Arnoldi     14th March 2018 Solutions provider and capital equipment supplier ELB on Wednesday announced interim profit of R52-million, a 13% year-on-year increase on the R46-million reported in the same period of 2016, with headline earnings a share increasing from R1.42 to R1.58.  

Phase 1 of Loftus Park mixed-use development nears completion

By: Schalk Burger     14th March 2018 Phase one of the mixed-use Loftus Park precinct being developed by JSE-listed Redefine Properties and built by construction firm Abland will include 34 000 m2 of office space, a gym, an open-air piazza with restaurants and a convenience retail offering, as well as a new 152-room hotel by... 

Phase 1 of Loftus Park mixed-use development nears completion

Africa’s downstream oil industry holds promise

By: Kim Cloete     14th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

Kazungula Bridge set to open corridor between Zambia, Botswana

By: African News Agency      14th March 2018 The Kazungula Bridge project is set to open up the transport corridor between Zambia and Botswana, a move which will see Zimbabwe lose out on transit revenue. The project is being carried out with partial financial assistance from the African Development Bank (AfDB). The primary objective of the... 

China's EximBank approves $1.3bn for Guinea hydro plant

By: Reuters     14th March 2018 China's EximBank has approved $1.3-billion in financing for a 450 MW hydroelectric plant in Guinea that the West African country's government hopes will allow it to export electricity to neighbouring countries. State-owned EximBank first agreed to fund construction of the Souapiti dam, about 50... 

Legal challenge a hurdle, but 'not end of the road' for renewables

By: Terence Creamer     13th March 2018 The excitement associated with Energy Minister Jeff Radebe’s move to end two years of confidence-sapping uncertainty in South Africa’s independent power producer (IPP) market, turned to frustration on Tuesday when the signing of agreements for 27 renewable-energy projects was voluntarily delayed... 

Legal challenge a hurdle, but 'not end of the road' for renewables
Energy Minister Jeff Radebe

Himoinsa sees demand growth in construction, mining in Africa 

By: Schalk Burger     12th March 2018 Power equipment manufacturer Himoinsa has expanded its local African teams and partners to meet the growing demand for custom-designed power systems and generators in the construction and mining sectors, Himoinsa Europe, Middle East and Africa director Guillermo Elum said on Monday. The demand... 

Himoinsa sees demand growth in construction, mining in Africa
Himoinsa EMEA regional director Guillermo Elum, Himoinsa Southern Africa MD Martin Foster and Himoinsa Southern Africa business development director Matthew Bell discuss the company’s growth and business development in Africa. Video and editing: Nicholas Boyd.

Growthpoint lists first local green bonds

By: Megan van Wyngaardt     12th March 2018 JSE-listed real estate investment trust Growthpoint Properties has issued a Green Bond on the JSE, the first local company to do so. The Growthpoint Green Bonds will be available in terms of five, seven and ten years and are aimed at raising capital solely allocated for funding projects that... 

Bakwena upgrading N1N4 at a cost of R1bn

By: Megan van Wyngaardt     9th March 2018 Road construction and maintenance company Bakwena on Friday said it was investing R1-billion to maintain and upgrade road infrastructure along the 385 km of the N1N4 it manages as part of its concession contract with the South African National Roads Agency Limited (Sanral). An estimated... 

Bakwena upgrading N1N4 at a cost of R1bn

New presiding officer for Grayston bridge collapse inquiry announced

By: News24Wire      9th March 2018 Phumudzo Maphaha has been appointed as the new presiding officer of the Grayston Drive pedestrian and cyclist structural bridge collapse inquiry. Maphaha's appointment was announced on Thursday by Tibor Szana, chief inspector at the department of labour. 

Company becomes exclusive dealer in Rosslyn area 

By: Victor Moolman     9th March 2018 Steel supplier BBD steel, in Rosslyn, Pretoria, has become steel supplier and processing company Allied Steelrode’s exclusive distributor of Allied Steelrode Stretcher Material (ASSM) for the area. BBD Steel supplies ASSM products to car manufacturers that are located in the Rosslyn area. BBD... 

Company becomes exclusive dealer in Rosslyn area
BBD Steel MD Monika Pretorious and business development director Gwen Mahuma discuss the importance of ASSM steel and how BBD Steel started. Camerawork: Nicholas Boyd. Editing: Christo Greyling.

Forging and steel industries both affected by unpredictable steel price

By: Victor Moolman     9th March 2018 Owing to the volatile and unpredictable steel price from local raw steel mills, the steel industry is looking less to locally-forged parts and equipment, and more to imports, says steel supplier and processing company Allied Steelrode. “As an industry – and in common with the forging industry –... 

Forging and steel industries both affected by unpredictable steel price
Photo by Duane Daws
STEEL FORGED Not all of the steel required in South Africa is economical to produce in the country

Accéntuate to press on with manufacturing amid rise in SA confidence

By: Irma Venter     9th March 2018 Flooring, water and chemicals specialist Accéntuate experienced a tough six months to December 31, 2017, with the company moving from a R3.5-million profit in the same period in 2016, to a loss of R1.78-million. Accéntuate says its business has suffered on the back of depressed macroeconomic... 

WBHO believes SA’s construction cycle has bottomed

By: Irma Venter     9th March 2018 Despite the changing political landscape in South Africa, the construction industry, which has been in the doldrums over the last 24 months, will not immediately experience a change in fortunes, warns Wilson Bayly Holmes-Ovcon (WBHO) CEO Louwtjie Nel. “Government has lots of obligations. We won’t... 

Fund invests in Africa-focused renewables IPP

By: Dylan Slater     9th March 2018 Clean energy infrastructure and resource efficiency investment company Inspired Evolution has signed a deal to invest up to $36-million in independent power producer (IPP) Alten Renewable Energy Developments Africa, which is the sub-Saharan Africa-focused subsidiary of Netherlands-based solar... 

Kenya plans to electrify Mombasa–Nairobi rail link

By: John Muchira     9th March 2018 Kenya plans to electrify its diesel-powered standard-gauge railway (SGR) line from the coastal city of Mombasa to the capital, Nairobi, as it seeks to cement its position as a regional transports hub. The East Africa nation has since secured $240-million from China Electric Power Equipment &... 

Development finance may unlock Moz–Malawi interconnector

By: Marcel Chimwala     9th March 2018 The European Union (EU) and the German Development Bank (KfW) are to extend a E20-million grant to Malawi to partially finance the $127-million Mozambique–Malawi electricity interconnector project. Malawi is keen to fast-track the project so that it can start importing electricity from... 

Contract to restart stalled Kenyan transmission project

By: John Muchira     9th March 2018 Kenya has contracted a consortium of Chinese companies to complete the construction of a major transmission line that will evacuate electricity from the Lake Turkana Wind Power (LTWP) project, which stalled in 2016, when the previous contractor, Italian company Isolux Ingeneria, went bankrupt.... 

EPP achieves distributable earnings of €76.6m in FY17

By: Marleny Arnoldi     8th March 2018 JSE- and Luxembourg Stock Exchange-listed retail-focused Netherlands-based property company Echo Polska Properties (EPP) posted distributable earnings of €76.6-million for the year ended December 31, translating into distributions of €0.11 a share.  

Brics' New Development Bank could fast-track Africa infrastructure projects

By: Anine Kilian     8th March 2018 Africa lacks adequate infrastructure, which stymies regional trade and the provision of basic services such as health and education, New Partnership for Africa’s Development (Nepad) capacity development officer Bob Kalanzi said on Thursday. Addressing delegates at a dialogue, hosted by Oxfam... 

Brics' New Development Bank could fast-track Africa infrastructure projects

Basil Read to take on building of top structures

By: Megan van Wyngaardt     7th March 2018 Local construction company Basil Read has received permits from the National Home Builders Registration Council (NHBRC) to start building top structures at its housing developments, such as its Savanna City Estate mixed-use development, near Orange Farm, in Gauteng. The top structure would be... 

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