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Construction News

African models boost construction development

By: Marleny Arnoldi     17th November 2017 Owing to various African countries’ having secured sovereign funding for construction projects that are being planned or in the process of implementation, these countries have the potential to promote rapid gross domestic product (GDP) growth, says consultancy firm WSP.  

Investment in infrastructure only way to realise integrated Africa dream

By: Schalk Burger     17th November 2017 The inaugural African Roundtable on Infrastructure Governance conference, hosted by the Development Bank of Southern Africa (DBSA) and co-sponsored by the World Bank, saw robust debate among members about the most effective way to overcome infrastructure development bottlenecks and leverage... 

Landmark projects help Esor to improve performance in tough market

By: Dylan Slater     17th November 2017 Despite challenging market conditions and a deteriorating market environment for the six months ended August 31, JSE-listed civils and construction group Esor recorded a “significant improvement” in its finances, with profit before tax of R3.1-million, compared with a loss recorded in February.... 

Wind energy industry optimistic despite frustrations

By: Kim Cloete     15th November 2017 The South African Wind Energy Association (SAWEA) is confident that the tide will turn and that Eskom will soon, and finally, sign the outstanding power purchase agreements (PPAs) that have delayed the renewable energy industry for the past two years. SAWEA chairperson Mark Pickering outlined the... 

Wind energy industry optimistic despite frustrations

Growthpoint makes operational management changes

     15th November 2017 Owing to a revised operational management structure, JSE-listed Growthpoint CEO Norbert Sasse will become group CEO, from March 1, 2018. Sasse’s primary focus will be on the strategic direction of the group, aligned with Growthpoint’s internationalisation strategy, and overseeing and representing... 

Dipula weathers ‘tough’ economic conditions to post 5.8% y/y growth in FY dividends

By: Megan van Wyngaardt     15th November 2017 JSE-listed diversified real estate investment trust (Reit) Dipula Income Fund has “overcome tough macroeconomic conditions” to post a 5.8% increase in combined dividends a share for the financial year ended August 31, driven entirely by organic growth. The Reit’s revenue edged over the... 

Gemgrow delivers maiden FY dividend under revamped property portfolio

By: Natasha Odendaal     15th November 2017 JSE-listed Gemgrow Properties has declared a full-year dividend, exceeding its earlier forecasts, of 73.51c for each B share and 101.87c for each A share as the real estate investment trust (Reit) delivered its maiden full-year results with a reconstituted property portfolio. The Reit, previously... 

Few cities have experience to deliver smart city systems

By: Schalk Burger     14th November 2017 Transforming the world by 2030 to meet the United Nations Sustainable Development Goals will require the establishment of more smart cities, information and communication technology multinational Huawei industry, marketing and solution department CTO Joe So told delegates at the Smart City World... 

BCCEI strengthens negotiation skills through training

By: Megan van Wyngaardt     13th November 2017 To ease local wage negotiations in its industry, the Bargaining Council for the Civil Engineering Industry (BCCEI) has embarked on building strong negotiations through training. As part of this process, members of the National Negotiating Forum (NNF) have been undergoing training courses to... 

Third possible suitor shows an interest in acquiring PPC

By: Megan van Wyngaardt     13th November 2017 In addition to the buyout offer cement producer PPC has received from Fairfax Africa Investments and AfriSam, as well as the nonbinding expression of interest from LafargeHolcim, the company has now also sparked the interest of a third possible buyer, CRH. CRH has indicated that it is considering... 

Third possible suitor shows an interest in acquiring PPC

New acquisition boosts Dipula’s portfolio value to R8.5bn

By: Natasha Odendaal     10th November 2017 JSE-listed real estate investment trust Dipula Income Fund plans to acquire a mixed portfolio from an undisclosed seller for R1.27-billion. The portfolio comprises two retail properties in Gauteng, namely Chilli Lane and Chilli on Top, boasting an aggregate 18 433 m² of space; five office... 

Innovative civil engineering solution to social ills – Manuel

By: Megan van Wyngaardt     10th November 2017 Unless South Africa and its citizens deal with the issue of widespread corruption, the country will not be able to provide the “kinds of engineering services” that it ought to provide to people, former Finance Minister and Minister in the Presidency Trevor Manuel has said. Speaking at a South... 

Innovative civil engineering solution to social ills – Manuel
Photo by Duane Daws
Trevor Manuel

E-toll issues stem from governance issues – Manuel

By: Megan van Wyngaardt     10th November 2017 Former Finance Minister and Minister in the Presidency Trevor Manuel on Friday spoke out in defence of the Gauteng Freeway Improvement Project (GFIP), noting that the defiance against the e-toll and gantry system was as a result of South Africans having an issue with governance. His comment... 

E-toll issues stem from governance issues – Manuel

Monitoring energy consumption fosters efficiency

By: Nica Schreuder     10th November 2017 Being aware of how much energy one consumes is key in energy efficiency and management, and has the potential to significantly reduce energy consumption in businesses and residential households, says industrial switchgear, automation and energy efficiency product distributor ElectroMechanica (EM)... 

Monitoring energy consumption  fosters efficiency
SMART SOLUTIONS ElectroMechanica’s smart home solutions enable users to control and monitor their energy consumption from their smartphone

Maintenance and upgrades on cards for Platinum Corridor in 2018

By: Simone Liedtke     10th November 2017 The South African National Roads Agency Limited (Sanral) private concessionaire Bakwena Platinum Corridor Concessionaire (Bakwena) will conduct several maintenance and construction projects along the South African N1/N4 routes in 2018. 

Maintenance and upgrades on cards for Platinum Corridor in 2018
Photo by Duane Daws
LIAM CLARKE Construction of a second carriageway on the N4 between the M17 and the R512 will start in January 2018

Student competition fosters innovative energy solutions

By: Nica Schreuder     10th November 2017 In a bid to allow South African engineering students to explore and understand energy efficiency and solutions, Gauteng-based tertiary institution the University of Johannesburg (UJ) has partnered with international energy and petrochemicals group Shell Global for the fourth time to host the... 

Student competition fosters innovative  energy solutions
ECO-MARATHON Fostering an energy efficient-conscious mind-set among students is the first step towards embracing energy efficiency

Gas company secures onshore petroleum production right

By: Mia Breytenbach     10th November 2017 The Petroleum Agency of South Africa has granted integrated alternative and renewable-energy business Renergen’s Tetra4 subsidiary environmental authorisation for its Free State natural gas development. The authorisation, the processing of which has taken more than two years, with multiple rounds... 

Gas company secures onshore petroleum production right
PRODUCTION EXPANSION While Tetra4 already produces compressed natural gas, new expansions will include the liquefaction of the gas – the first in South Africa

Competence Centre promotes energy efficiency awareness in Africa

By: Nica Schreuder     10th November 2017 The South African-German Chamber of Commerce and Industry’s Competence Centre for Sustainable Energies (CC:SE), in Cape Town plays an important role in creating awareness and fostering conversations among African stakeholders in the renewable energy and energy efficiency sector. CC:SE manager... 

Competence Centre promotes energy efficiency awareness in Africa
Photo by Bloomberg
LIGHTING THE WAY EUREM trainees are taught basic knowledge of energy efficiency, with an emphasis on energy efficient lighting systems

Organisation assists business in becoming energy efficient

By: Nica Schreuder     10th November 2017 Lack of energy supply security, economic costs associated with energy, and environmental costs, such as depleting resources, contributing to climate change are just some of the factors that can be mitigated if South Africa embraces energy efficiency and reliable renewable energy alternatives,... 

Organisation assists  business in becoming  energy efficient
MONITORED CONSUMPTION NCPC-SA is trying to find ways to optimise South Africa’s energy consumption

Meccano enthusiast builds follow-up to his world’s most massive model

By: Creamer Media Reporter      10th November 2017 Meccano enthusiast builds follow-up to his world’s most massive model. In 2014, after an almost five-year build, retired university mathematics lecturer Graham Shepherd claimed to have built the world’s largest model, by mass, out of Meccano or any similar metal-based system. This was the 1 335... 

Meccano enthusiast builds follow-up  to his world’s most massive model
Meccano enthusiast Graham Shepherd

New council announced by architectural body

By: Dylan Slater     10th November 2017 The South African Council for the Landscape Architectural Profession (Saclap) recently annouced its new four-year council, as appointed by Department of Public Works Minister Nathi Nhleko. Council members will serve a four year term of office from September 1, 2017, to August 31, 2021.  

Lanseria to be site of new airport city development

By: Keith Campbell     10th November 2017 Gauteng Provincial Premier David Makhura has highlighted the importance of Lanseria International Airport (LIA), and planned projects around it, for the development of the north west quarter of the province. He was delivering the keynote address at the recent official opening of the new Control... 

New carton recycling plant enhances recycling of liquid packaging

By: Dylan Slater     10th November 2017 An investment of R46-million in a first-of-its-kind recycling plant in South Africa – commissioned in July after a six-month construction period – at the Springs-based recycling facility of paper and plastics packaging company Mpact, is set to reduce the volume of liquid-packaging cartons going... 

New carton recycling plant enhances recycling of liquid packaging

Afrimat starts trading on A2X, maintains primary listing on JSE

By: Megan van Wyngaardt     9th November 2017 South Africa’s newest stock exchange A2X Markets on Thursday gained its latest member, construction materials company Afrimat. The company joins African Rainbow Capital Investments, Peregrine Holdings and Coronation Fund Managers on the A2X roster, and will retain its primary listing on the main... 

Afrimat starts trading on A2X, maintains primary listing on JSE

Telkom appoints CEO of property management unit

By: Megan van Wyngaardt     9th November 2017 Telecommunications group Telkom has appointed Lesiba Maloba as CEO of its property management business unit, Gyro Group, from November 13. Gyro was established on April 1 to unlock value by commercialising the Telkom property portfolio, extracting value from excess building capacity and... 

Quality of Johannesburg’s road network decreasing

By: Anine Kilian     9th November 2017 According to the Johannesburg Roads Agency’s (JRA’s) latest assessment of Johannesburg’s roads network, surfaced roads in Johannesburg that are rated as good or very good have decreased from 52% in 2013 to 45%, JRA revealed on Thursday. Its latest assessment of the quality of Johannesburg’s road... 

Rebosis’ portfolio expands by 45.3% in FY17

By: Anine Kilian     9th November 2017 JSE-listed Rebosis Property Fund grew its portfolio by 45.3% to R18.82-billion in the financial year ended August 31. The growth is attributed to the acquisitions of the Baywest Mall and Forest Hill City shopping centres. 

Stefanutti Stocks sees 18% profit growth, expects margin squeeze to continue

By: Irma Venter     9th November 2017 Despite challenging trading conditions, Stefanutti Stocks on Thursday reported an 18% increase in operating profit, to R119-million, for the six months ended August  31. Revenue for the period also grew 18%, to R5.2-billion, up from R4.4-billion in the comparable period last year. 

Stefanutti Stocks sees 18% profit growth, expects margin squeeze to continue
Photo by Duane Daws
Stefanutti Stocks CEO Willie Meyburgh

Challenging trading conditions pinch Sephaku earnings

By: Megan van Wyngaardt     9th November 2017 Testament to the difficult market conditions South Africa is currently facing, JSE-listed construction materials provider Sephaku Holdings (SepHold) on Thursday reported a R10.45-million decrease in group net profit to R14.8-million for the six months ended September 30. This was accompanied by a... 

Manufacturing Circle implores Eskom to do internal clean-up before seeking electricity tariff increase

By: Megan van Wyngaardt     8th November 2017 Around 88% of respondents in the Manufacturing Circle Investment Tracker survey for the third quarter noted that they still relied on electricity as the primary energy source for their organisation, followed by gas and other energy sources. For this reason, the Manufacturing Circle is imploring... 

Manufacturing Circle implores Eskom to do internal clean-up before seeking electricity tariff increase
Photo by Duane Daws
Manufacturing Circle chairperson Andre de Ruyter

Indluplace delivers on FY targets

By: Anine Kilian     8th November 2017 Despite tough market conditions, JSE-listed real estate investment trust (Reit) Indluplace Properties had a “very good year” in the 12 months to September 30, with CEO Carel de Wit stating that the company had grown its diversified portfolio and proved to be a significant player in the provision... 

City of Johannesburg needs R12.5bn to fix water infrastructure

By: Megan van Wyngaardt     8th November 2017 The City of Johannesburg (CoJ) has revealed it will need around R12.65-billion over the next ten years to renew and replace the city’s ageing and decrepit water infrastructure. Joburg Water is in the process of building nine new water reservoirs and towers that will serve 163 800 households in... 

Cidb concerned over 140 000 construction job losses

By: Megan van Wyngaardt     7th November 2017 Construction Industry Development Board (cidb) monitoring and evaluation project manager Ntando Skosana on Tuesday described the loss of 140 000 jobs in the local construction industry between the first and third quarters of this year as “disheartening”. The construction industry is an important... 

Cidb concerned over 140 000 construction job losses

Transformation a critical conversation point as progress remains slow

By: Natasha Odendaal     7th November 2017 Transformation in South Africa, and the approaches taken to realise those ambitions, has been revived as an urgent imperative among proponents in the engineering sector, as questions have emerged as to how far off the mark the industry, and the country, is in progressing towards a more inclusive... 

South Africa’s transformation remains skewed – Cesa

By: Natasha Odendaal     7th November 2017 Not enough has been done in the transformation space to tackle the imbalances of the past across South Africa, outgoing Consulting Engineers South Africa (Cesa) president Lynne Pretorius said on Tuesday. Pretorius, whose two-year term had been largely underpinned by the pursuit of transformation... 

Group Five to exit manufacturing business, construction businesses face axe

By: Megan van Wyngaardt     7th November 2017 South African construction giant Group Five will exit construction businesses that it does not believe can be turned around on a sustainable basis. “[Businesses] which are not core to [our] revised strategy . . . will either be sold or closed,” the company said on Tuesday, adding that its... 

Group Five to exit manufacturing business, construction businesses face axe

PPC expects earnings to rise as Africa business grows

By: Megan van Wyngaardt     7th November 2017 JSE-listed construction materials company PPC, which is currently the takeover target of LafargeHolcim and AfriSam, on Tuesday reported that it expects an uptick in its earnings before interest, taxes, depreciation and amortisation (Ebitda) of between 3% and 6% for the half-year ending September... 

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