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Construction News

M&R awarded R4bn of projects in Australasia

By: Marleny Arnoldi     19th July 2018 JSE-listed engineering and construction group Murray & Roberts (M&R) has been awarded new projects to the value of R4-billion, to be delivered over the next two years. These awards include projects to be undertaken by M&R’s oil and gas platform in the metals and minerals market in Australasia,... 

Light rail line in Nigeria's capital opens to passengers

By: Reuters     19th July 2018 Nigeria has opened a new Chinese-built light railway network in the capital Abuja after 11 years of construction, a rare transport project in a nation where economic growth has been stymied for generations by a lack of infrastructure development. Passengers were permitted this week to ride the... 

Alphabet to deploy balloon Internet in Kenya in 2019

By: Reuters     19th July 2018 Alphabet's Loon said on Thursday it would deploy its system of balloons to beam high-speed Internet access with Telkom Kenya from next year to cover rural and suburban populations, marking its first commercial deal in Africa. Known as Project Loon, the technology was developed by Alphabet's X,... 

City of Cape Town cancels Foreshore Freeway Precinct project 

By: News24Wire      18th July 2018 Cape Town's famous unfinished freeway will remain as it is, after the City announced on Wednesday that it was cancelling its ambitious Foreshore Freeway Precinct project. "The City of Cape Town’s City Manager has, upon receiving legal advice, taken the decision to cancel the Request for Proposals... 

Vukile raises R1.63bn, acquires new properties in Spain

By: Anine Kilian     18th July 2018 JSE-listed Vukile Property Fund, which is expanding its presence in Spain, has raised about R1.63-billion through the issue of new shares. Of the total, R1.38-billion was raised through an accelerated bookbuild process that was open to selected investors. 

Calgro M3 expands Memorial Parks business

By: Anine Kilian     18th July 2018 JSE-listed property and property related investment holding company Calgro M3 has expanded its Memorial Parks business to two more provinces – the Western Cape and the Free State. This increases the number of memorial parks owned and managed by the group to five, with further plans to acquire... 

Listed contractors feeling the pinch as construction sector dynamics change 

By: Natasha Odendaal     18th July 2018 A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa. With the first potential “casualty” possibly being seen in the downward spiral of Basil Read, Industry Insight senior economist David Metelerkamp on... 

Listed contractors feeling the pinch as construction sector dynamics change
Industry Insight senior economist David Metelerkamp discusses the state of South Africa's construction industry. Video and editing: Darlene Creamer.

Growthpoint shares start trading on A2X

By: Creamer Media Reporter      18th July 2018 Real estate investment trust Growthpoint Properties’ shares began trading on the A2X on Wednesday. Growthpoint retains its primary listing on the JSE. 

Grit to seek LSE listing, raise $120m for acquisitions

By: Creamer Media Reporter      17th July 2018 Pan-African real estate company Grit Real Estate Income Group plans to list on the LSE. The company, which is focused on real estate investment assets in selected African countries, is already listed on the JSE, as well as the Stock Exchange of Mauritius. 

China overloading poor nations with debt, top US official says

By: Reuters     17th July 2018 China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing - targeted by President Donald Trump in a trade war that... 

Multimillion-rand French funding deal for drought-stricken Western Cape still needs environmental approval

By: News24Wire      16th July 2018 A nearly R9-million joint desalination project between the Western Cape government and the French government still needs the required environmental approval for operation in November. The solar-powered desalination plant, the first of its kind, will be located in the coastal town of Witsand on... 

Ministers reiterate commitment to implementation of LHWP Phase 2

By: Simone Liedtke     16th July 2018 South African Water and Sanitation Minister Gugile Nkwinti, Lesotho Water Minister Samonyane Ntsekele and the Lesotho High Commissioner Sello Moloto have reaffirmed their commitment to the successful implementation of the Lesotho Highlands Water Project (LHWP) Phase 2. Poised to secure a... 

Telecom Egypt, Liquid Telecom sign MoU to complete fibre network from Cape Town to Cairo

By: Reuters     16th July 2018 Telecom Egypt has signed a memorandum of understanding with Liquid Telecom to enable the Pan-African group to complete Africa’s terrestrial fibre network stretching across the African continent, the companies said on Saturday. Liquid Telecom, a subsidiary of Econet Wireless Global, has been... 

Africa's richest man signs $650m Afreximbank loan for oil refinery

By: Reuters     16th July 2018 Africa's richest man, Aliko Dangote, has signed a $650-million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. 

One arrested as Eskom stolen cables worth R5m discovered in Johannesburg 

By: Reuters     13th July 2018 An investigation team from Eskom recovered stolen Eskom infrastructure worth R5-million, the power utility said on Friday. One person was arrested when the team and members of the SA Police Service made the discovery of the infrastructure, which included aluminium and copper cables, in... 

Inquiry into Grayston drive bridge collapse awaiting heads of arguments

By: Creamer Media Reporter      13th July 2018 The Department of Labour-led inquiry into the October 2015 collapse of the Grayston drive pedestrian and cyclist structural bridge this week completed its work of gathering evidence. It is now awaiting the submission of written heads of arguments by legal representatives of interested... 

Bell Equipment, Sanral MoU gives small contractors access to earthmovers

By: Schalk Burger     13th July 2018 The South African National Roads Agency Limited (Sanral) and construction machinery company Bell Equipment have signed a memorandum of understanding that will give small contractors access to earthmoving machinery to allow them to participate more meaningfully in major construction projects. The... 

Stenprop acquires industrial estate for £3.1m

By: Creamer Media Reporter      13th July 2018 JSE- and LSE-listed industrial property investor Stenprop has acquired an industrial estate in Newport, South Wales, from Storage Giant for £3.1-million. Estuary Court is a modern estate, located in the established industrial location of Queensway Meadows. It comprises 20 units offering 34 980... 

Infrastructure-focused firm moving to raise capital for next round of acquisitions

By: Terence Creamer     13th July 2018 JSE-listed investment holding company GAIA Infrastructure Capital is embarking on an investor roadshow in an effort to raise the capital it needs to acquire additional infrastructure assets with a combined value of R1.7-billion. The company, which invests in operating infrastructure assets in... 

Infrastructure-focused firm moving to raise capital for next round of acquisitions
GAIA Infrastructure Capital CEO Prudence Lebina

Property sector must do more on transformation – PSCC

By: Schalk Burger     12th July 2018 The South African property sector is making reasonable efforts towards transformation, but it needs to pick up the pace, says the Property Sector Charter Council (PSCC). The PSCC this week released the results of its ‘2016-2017 State of Transformation Report’, which sampled institutional... 

Zambia says debt restructuring will not disrupt Chinese projects

By: Reuters     12th July 2018 Zambia will be careful to ensure its planned debt restructuring does not disrupt Chinese-financed projects, President Edgar Lungu said on Wednesday, after China's ambassador to the southern African nation sought clarification on the matter. China is a leading financier of infrastructure projects... 

Nkwinti off to see Lesotho Highlands Water Project progress

By: African News Agency      12th July 2018 Water and Sanitation Minister Gugile Nkwinti will on Thursday undertake a two-day Ministerial visit to Lesotho to see the developments around the Lesotho Highlands Water Project. "Minister Nkwinti will also have discussions with his counterpart from the government of Lesotho, Minister of Water,... 

Nkwinti off to see Lesotho Highlands Water Project progress
Photo by Dylan Slater
Water and Sanitation Minister Gugile Nkwinti

N1 Plattekloof to Old Oak interchange upgrade 58% complete

By: Schalk Burger     11th July 2018 The R487-million project to upgrade a section of the N1 between Plattekloof road and the Old Oak interchange is 58% complete, the Western Cape Department of Transport and Public Works said in a statement on Wednesday. As one of Cape Town’s busiest roads, about 120 000 vehicles travel along this... 

N1 Plattekloof to Old Oak interchange upgrade 58% complete
N1 Phase 2 median widening

Lucky Star operations in Western Cape get two desalination plants

By: Schalk Burger     11th July 2018 Wednesday marked the official launch of two desalination plants that were designed, installed and commissioned by JSE-listed AECI water and process subsidiary ImproChem at fish products company Lucky Star’s cannery and fishmeal operations on the West Coast. The desalination plants at Lucky Star’s... 

Lucky Star operations in Western Cape get two desalination plants
ImproChem engineered solutions executive director Sepadi Mohlabeng, ImproChem MD Graham Sanders, Oceana chairperson Mustaq Brey and Saldanha Bay acting mayor Elize Steyn

New PE vessel repair slipway boosts local economy

By: Schalk Burger     11th July 2018 The R200-million vessel repair facility built at the Port of Port Elizabeth in recent years, is starting to generate a return on investment, says the Transnet National Ports Authority (TNPA). The facility was developed as a positive step towards a thriving vessel maintenance and marine... 

New PE vessel repair slipway boosts local economy

Growthpoint to become the first property company to list on A2X

By: Creamer Media Reporter      11th July 2018 Real estate investment trust Growthpoint Properties will be the first property company to take up a secondary listing on A2X – a licensed stock exchange that provides a secondary listing venue for companies. The company, which manages a portfolio of commercial, retail and industrial property... 

Egypt wants $500m from World Bank

By: African News Agency      11th July 2018 Egypt’s Ministry of Investment and International Cooperation has held discussions with the World Bank for an additional $500-million loan for the country’s social housing projects targeting low-income households, according to an official ministry statement. The discussions were held on Tuesday... 

Gauteng govt, UJ sign MoU for tech collaboration in social infrastructure delivery

By: Marleny Arnoldi     10th July 2018 Gauteng Infrastructure Development MEC Jacob Mamabolo and University of Johannesburg (UJ) vice-chancellor Professor Tshilidzi Marwala on Tuesday signed a memorandum of understanding (MoU) that paves the way for the use of cutting-edge technologies to ensure the more efficient delivery of social... 

Growthpoint Properties Australia outperforms major share market indexes

By: Marleny Arnoldi     10th July 2018 Growthpoint Properties subsidiary Growthpoint Properties Australia’s (GOZ’s) total returns have outpaced the major Australian real estate investment trust and share market indexes.  

Growthpoint Properties Australia outperforms major share market indexes
Growthpoint CEO Norbert Sasse

Public not properly consulted on e-tolls, says toll collection firm

By: Irma Venter     10th July 2018 The public was not properly consulted in the process to implement e-tolling in Gauteng, says  Electronic Toll Collection (ETC) CEO Coenie Vermaak. “The Gauteng Freeway Improvement Project (GFIP) was very poorly communicated and the tax payer not respected. 

Public not properly consulted on e-tolls, says toll collection firm

Vantage Capital invests $10m on property in Mauritius

By: African News Agency      9th July 2018 Fund managers Vantage Capital has provided $10-million of mezzanine funding to Cap Tamarin, a mixed-used, residentally-focused smart village located on the sought-after west coast of Mauritius. Cap Tamarin will feature innovation centres to support start-ups, small and medium enterprises and... 

Fluor SA appoints new GM

By: Marleny Arnoldi     9th July 2018 Engineering and construction services provider Fluor South Africa has appointed its first female GM, Tolani Azeez.  

Fluor SA appoints new GM
Fluor South Africa GM Tolani Azeez

You can’t have your cake and eat it, Sanral’s Macozoma warns govt, South Africans 

By: Irma Venter     9th July 2018 South Africa is in critical need of a funding model for its road infrastructure. “The situation with toll in this country now is that, number one, people are anti-toll, and now we can’t toll anything,” said South African National Roads Agency Limited (Sanral) CEO Skhumbuzo Macozoma on Monday at... 

You can’t have your cake and eat it, Sanral’s Macozoma warns govt, South Africans
Photo by Creamer Media
Sanral CEO Skhumbuzo Macozoma

M&R to assess impact of ATON’s acquisition of a 25% stake in Aveng

By: Schalk Burger     6th July 2018 JSE-listed Murray & Roberts (M&R) will assess the impact of ATON’s acquisition of a 25.42% interest in JSE-listed Aveng. M&R, which is subject to a buyout offer by ATON, has launched a bid to acquire Aveng. M&R shareholders last month voted in favour of the company's independent board further... 

Ethiopia needs $7.5bn to finish megaprojects – PM

By: Reuters     6th July 2018 Ethiopia needs $7.5-billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialisation, the new prime minister said on Friday. Speaking to parliament before its vote on the 2018/19 budget, Abiy Ahmed said the government needed to be... 

Occupational disease prevention campaign launched

By: Schalk Burger     6th July 2018 Workplace health and safety compensation funds Rand Mutual Assurance (RMA), Federated Employer’s Mutual Assurance Company and the Department of Labour Compensation Fund, as well as the Department of Mineral Resources, on Thursday launched the Occupational Disease Prevention Campaign, in... 

Installation of water metering system complete

By: Donald Makhafola     6th July 2018 Utility management company Bosch Munitech in March completed the design and installation of a metering and monitoring system to manage water consumption for the Lower Berg River Irrigation Board, in the Western Cape. The company was appointed last year in November to install the Krohne Waterflux... 

Installation of water  metering system complete
COMPLIANT The Krohne Waterflux electromagnetic flow meter is a low maintenance water meter which meets stringent potable water standards designed for bidirectional flow measurement

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