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Construction News

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... 

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... 

Gauteng Premier concerned over proposed rates hikes in Joburg

By: African News Agency      7th March 2018 Gauteng Premier David Makhura on Wednesday, expressed concern over the proposed property rates increase in the City of Johannesburg following the release of its municipal valuations recently. Johannesburg Mayor Herman Mashaba said that 8 000 property owners will from next week receive Section 78... 

 Gauteng Premier concerned over proposed rates hikes in Joburg
Gauteng Premier David Makhura

Growthpoint starts excavation work for Rosebank office development

By: Marleny Arnoldi     7th March 2018 JSE-listed Growthpoint Properties has started the excavation process for the 35 000 m2 144 Oxford premium-grade office development in Rosebank, Gauteng, with the project expected to be completed in October 2019.  

Growthpoint starts excavation work for Rosebank office development
Growthpoint Properties' 144 Oxford office development

Current public construction project tendering unsustainable – organisation

By: Nadine James     6th March 2018 The manner in which engineering companies tender for public construction projects is unsustainable and unnecessary, says South African Black Technical and Allied Careers Organisation (Sabtaco) president Clint Koopman. “I don’t see a gun being held to our heads to tender at the rates that we do,”... 

UK dept earmarks £21.4bn for African infrastructure development

By: Marleny Arnoldi     6th March 2018 The UK’s Department of International Trade (DIT) is pledging funding for infrastructure development in Africa, including £4-billion in South Africa, £1-billion in Kenya and £750-million in Nigeria, through export credit agency, UK Export Finance (Ukef).  

South Africa needs to adopt strategic water plan to avoid deteriorating supply  

By: Anine Kilian     5th March 2018 South Africa’s water crisis is having a significant impact on economic growth and on the wellbeing of South African citizens, Department of Water and Sanitation DDG Trevor Balzer said on Monday. Addressing delegates at the Consulting Engineers of South Africa Infrastructure Indaba, in... 

South Africa needs to adopt strategic water plan to avoid deteriorating supply
Photo by Duane Daws
Trevor Balzer

Decrease in government spend could harm the infrastructure sector  

By: Anine Kilian     5th March 2018 This year is going to be extremely difficult for South Africa’s infrastructure sector owing to the 12% decrease in infrastructure spending, economist Elsie Snyman told delegates at the Consulting Engineers South Africa Infrastructure Indaba, in Johannesburg, on Monday. Former Finance Minister... 

Decrease in government spend could harm the infrastructure sector
Elsie Snyman

Texton Property declares interim dividend of 47.95c

By: Simone Liedtke     5th March 2018 JSE-listed real estate investment trust (Reit) Texton Property, which has a portfolio of R5.4-billion of assets in South Africa and the UK, declared an interim dividend of 47.95c a share for the six months ended December 31. This, the company reported on Monday, was achieved from a solid... 

Hyprop lifts H1 distributions by 8.3% y/y

By: Simone Liedtke     2nd March 2018 JSE-listed specialist shopping centre real estate investment trust (Reit) Hyprop on Friday reported solid growth in distributions of 8.3% for the six months to December 31, which was driven by a stable performance from South African shopping centres and a strengthening South-Eastern European... 

Jabu Moleketi succeeds Nelson as PPC chairperson

By: Nadine James     2nd March 2018 Peter Nelson has resigned as chairperson and nonexecutive director of cement manufacturer PPC, effective March 2. Former Deputy Finance Minister Jabu Moleketi has been appointed to succeed Nelson as chairperson. 

LafargeHolcim CEO launches overhaul, takes big Q4 charge

By: Reuters     2nd March 2018 LafargeHolcim aims to grow faster than the overall market and cut costs under a five-year plan set out by the new chief executive of the world's biggest cement maker on Friday. The strategy was launched as LafargeHolcim reported a 3.1-billion Swiss franc ($3.3-billion) net loss during its fourth... 

Re-guarantee facility to benefit infrastructure sector SMEs

By: Nadine James     2nd March 2018 The African Guarantee Fund (AGF) for small and medium-sized enterprises (SMEs) has entered into a re-guarantee transaction with GuarantCo, a division of Private Infrastructure Development Group (PIDG), to increase its capacity for SME financing. The transaction will provide a platform for... 

Hydraulic innovations to be showcased at expo

2nd March 2018 Some of the world’s leading mobile hydraulic technology will be on display at hydraulics and automation company Hytec Group/Rexroth’s stand at bauma CONEXPO AFRICA. 

Hydraulic innovations  to be showcased at expo
MOBILE INNOVATION Hytec will showcase its range of hydraulic technologies and components

Over 20 000 visitors expected at event

By: Simone Liedtke     2nd March 2018 With more than 20 000 international and local visitors from 72 countries expected to attend bauma CONEXPO AFRICA 2018, international exhibition company Messe München South Africa CEO Elaine Crewe says the event aims to present an opportunity for stakeholders to showcase new innovative products... 

Over 20 000 visitors expected  at event
2018 EDITION The third iteration of the event in Africa will be held from March 13 to 16

Concrete products assuaging industry’s aesthetic predilection

By: Tasneem Bulbulia     2nd March 2018 With the recent trend of aesthetic appearance playing a more prominent role in construction and the built environment, construction chemicals company Chryso Southern Africa and its 100%-owned subsidiary a.b.e Construction Chemicals are offering a number of aesthetic concrete product ranges to... 

Concrete products assuaging industry’s aesthetic predilection
GOT IT GOING ON Luminescent concrete, which Chryso has termed ‘sexy concrete’, serves as an appealing primary source of light, and is currently very popular

iNOVA 2000 to be launched at bauma

By: Tasneem Bulbulia     2nd March 2018 Road and mineral processing industries solutions provider Wirtgen Group South Africa (Wirtgen), the local subsidiary of the Wirtgen Group, will launch the iNOVA 2000 – a fully mobile asphalt plant that produces asphalt for the paving of roads – at the bauma CONEXPO AFRICA 2018. Wirtgen sales... 

iNOVA 2000 to be launched at bauma
ONE FOR THE ROAD The iNOVA 2000 is the first fully mobile asphalt plant in South Africa

New, existing products on display at expo

By: Tasneem Bulbulia     2nd March 2018 Importation and distribution company Smith Power Equipment (smith) regards bauma CONEXPO AFRICA 2018 as a noteworthy platform to launch new products onto the market, as well as showcase its product range offering to clients.  smith GM Tom Bloom enthuses that owing to its global following – in... 

New, existing products on display at expo
LOCAL DEBUT Smith Power Equipment will launch a new Kubota excavator at bauma CONEXPO AFRICA this year

Built environment summit in May

By: Dylan Slater     2nd March 2018 The Africa Summit of London-based Royal Institution of Chartered Surveyors (Rics) – which has entrenched itself as a noteworthy yearly event – will reconvene for the fourth consecutive year at Sun International’s Maslow Hotel in Sandton, Johannesburg, from May 30 to 31.  

Pros of on-site solar PV systems

By: Schalk Burger     2nd March 2018 On-site solar photovoltaic (PV) renewable-energy systems serve as effective and cost-effective ways for companies to become familiar with the correct application of renewable generation to reduce energy costs, says South African information and communication technology company Sizwe IT Group... 

Long-suffering SA manufacturing sector hoping to reap Ramaphosa dividend

By: Dylan Slater     2nd March 2018 Prior to the Valentine’s Day resignation of now former President Jacob Zuma, popular industry sentiment pointed towards a better year in terms of manufacturing and gross domestic product (GDP) on the back of a recovering commodities market.  

Long-suffering SA manufacturing sector  hoping to reap Ramaphosa dividend

Bosch completes Hytec takeover, strengthens African operations

By: Schalk Burger     1st March 2018 Industrial technology and equipment multinational Bosch has acquired the remaining 50% stake in Johannesburg-based industrial technology company Hytec. The company had acquired 50% of the Hytec shares in 2014. 

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown

By: Terence Creamer     1st March 2018 The oil and gas unit of engineering and construction group Murray & Roberts (M&R) is actively pursuing projects in “complementary markets”, owing to a slowdown in new project activity in the Australasian oil and gas sector. The value of M&R’s oil and gas order book has fallen to below R4-billion,... 

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown
M&R CEO Henry Laas

Western Cape, financial institutions pledge commitment to affordable housing delivery

By: Simone Liedtke     1st March 2018 The Western Cape Department of Human Settlements on Thursday signed a memorandum of understanding (MoU) with five financial institutions operating within the affordable housing market, with the parties pledging their commitment to accelerating the delivery of affordable housing in the province.... 

Western Cape, financial institutions pledge commitment to affordable housing delivery
Memorandum of Understanding Signing Parties

RCL Foods eyes greater market share as new pet food facility opens

By: Megan van Wyngaardt     1st March 2018 Fast-moving consumer goods manufacturer RCL Foods on Thursday launched its new R150-million pet food manufacturing facility, in Randfontein. Through the establishment of the 1 500 m2 facility, which employs around 700 people, the company aims to take a greater share in the R5-billion a year South... 

RCL Foods eyes greater market share as new pet food facility opens
Photo by Dylan Slater
RCL Foods

Fairvest’s interim distributions increase 9.53% y/y

By: Anine Kilian     1st March 2018 JSE-listed real estate investment trust Fairvest announced solid results for the six months ended December 31, 2017, with interim distributions having increased by 9.53% year-on-year to 9.81c a share.   Revenue increased by 15.2% year-on-year to R186.9-million. 

Underground mining lifts M&R in challenging market

By: Terence Creamer     28th February 2018 Engineering and construction group Murray & Roberts (M&R) reported a strong rise in results for the six months to December 31 on the back of a robust performance from its underground mining unit, as well as reduced Middle Eastern losses. In addition, the results were buoyed by the fact that a... 

Underground mining lifts M&R in challenging market
Photo by Duane Daws
M&R CEO Henry Laas

Balwin expects to report lower FY18 earnings

By: Anine Kilian     28th February 2018 JSE-listed Balwin Properties expects to report a 23% to 28% year-on-year decrease in headline earnings a share and a 23.21% to 28.19% year-on-year decrease in earnings a share for the year ended February 28.       Balwin said in a trading statement on Wednesday that it has experienced delays in... 

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