R/€ = 15.52 Change: -0.03
R/$ = 13.27 Change: -0.05
Au 1238.59 $/oz Change: -4.46
Pt 826.00 $/oz Change: -4.71


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... 

CSIR-designed LiDAR mobile system to monitor air quality in uMhlathuze Municipality

11th July 2018 The Council for Scientific and Industrial Research (CSIR) has designed and constructed a mobile light detection and ranging (LiDAR) lab that will be operating at the University of Zululand, the second university to have and operate a LiDAR system within in its premises in South Africa. This... 

Group Five relocates in effort to cut costs, secures early work on PPP

By: Irma Venter     2nd July 2018 Cash-strapped construction firm Group Five has relocated its offices as part of an effort to cut costs. The JSE-listed group said on Monday that its South African construction operations had been relocated to Spartan, on the East Rand, to owner-occupied premises. 

Sars kicks off tax season with charter outlining taxpayers' rights

By: News24Wire      2nd July 2018 The South African Revenue Service (Sars) is taking steps to improve the service delivered to taxpayers with the release of the Service Charter which outlines taxpayers’ rights and responsibilities as well as service standards they can expect from the agency. Acting Sars commissioner Mark Kingon... 

Southern Africa construction equipment rental market growing at 3% CAGR to reach $3,5m by 2024

2nd July 2018 According to a new research report by Global Market Insights, Inc. Southern Africa Construction Equipment Rental Market to exceed USD 3.5 billion by 2024. In Southern Africa construction industry, usage of rental services is a prevalent channel. A steady rise in the rental model has been... 

Integrated Pump Rental Lights The Way With Led Mobile Tower Lights

27th June 2018 Lighting has a crucial role to play in allowing people to see clearly and avoid obstacles, obstructions, dangers and hazards. This is especially so when working on site, making lighting a critical safety issue. Lee Vine, managing director of Integrated Pump Rental, says better lighting also... 

EPP on solid growth path with strong Q1 operational performance

By: Anine Kilian     25th June 2018 JSE-listed Polish property company EPP successfully bought the first tranche of the M1 portfolio, comprising four properties in sought after regions, adding 194 000 m² in gross lettable area (GLA) and taking total income producing assets to over €2-billion in the quarter ended March 31. The M1... 

Galantas reaches main gold vein at Omagh

By: Creamer Media Reporter      25th June 2018 Underground development at the Omagh gold mine, in Northern Ireland, has reached the main Kearney gold vein, TSX-V- and Aim-listed Galantas Gold reported on Monday. The vein intersection is about some 15 m below the base of the Kearney openpit. 

BlueRock resumes production at Kareevlei

By: Creamer Media Reporter      22nd June 2018 Aim-listed BlueRock Diamonds has resumed production at its Kareevlei mine, in Kimberley. The company had reported earlier this month that a fault had been identified in the cone crusher within the crushing circuit at the mine, which was negatively affecting throughput. 

Rental Cranes Where And When You Need Them From Johnson Crane Hire

21st June 2018 Consistently increased demand for medium to large range mobile cranes has seen Johnson Crane Hire strengthen its position as the leading crane hire company by ensuring that these machines are readily available directly from its branch network. Sales executive at Johnson Crane Hire, Peter Yaman... 

Western Cape govt identifies 7 possible affordable housing sites

By: News24Wire      21st June 2018 At least seven vacant plots have been identified as "possible sites for social and affordable housing" in Cape Town's southern suburbs, including Parkwood, Lotus River and Retreat. The announcement was made by Thando Mguli, head of the Western Cape Department of Human Settlements, GroundUp... 

Tshwane Auto City, South Africa

By: Sheila Barradas     15th June 2018 Tshwane Auto City is a collaboration between the South African government and the automotive industry to transform the area into the leading automotive destination in Africa. 

Stor-Age reports continued strong trading results for FY18

By: Marleny Arnoldi     12th June 2018 Real estate investment trust Stor-Age has reported an 11.1% year-on-year total dividend increase to 97.8c a share for the year ended March 31.  

Sars cuts deadline for tax returns

By: News24Wire      4th June 2018 The South African Revenue Service (Sars) said on Monday that the tax filing season, which kicks off on July 1, has been shortened by three weeks, in a bid to improve efficiency. "A shorter filing season allows additional time for Sars, taxpayers and the tax fraternity to deal with return... 

Atlas Copco QES generators - fast, reliable predictable power at the touch of a button

1st June 2018 Whether paralleling, load sharing or power exporting, Atlas Copco’s QES mobile generator range is the most practical predictable power choice offering the perfect balance between performance and affordability to seamlessly meet the standby power requirements of the general construction and rental... 

Milestone year for Vukile as it delivers 7.7% FY18 distribution growth

By: Simone Liedtke     30th May 2018 Property management company Vukile Property Fund achieved 7.7% growth in dividends to 168.82c a share for the full year ended March 31 on the back of a higher second-half distribution growth of 7.9%. As its international investment grows, Vukile aims to hedge 75% of its dividend flow from... 

Exemplar to list on the JSE in June

By: Anine Kilian     30th May 2018 Exemplar Retail has been granted approval to list in the retail real estate investment trust sector on the main board of the JSE, effective June 12. The company said in a statement on Wednesday that it intends to grow its property portfolio through the acquisition of high-quality assets... 

Afrox partners with Ulula Energy to bring safe and affordable gas to the Western Cape domestic market

25th May 2018 Afrox has partnered with Ulula Energy to take gas safety, affordability and convenience into the Western Cape’s informal domestic and residential markets. The partnership will see Ulula Energy, a Level 1 BBBEE contributor and independent black South African woman-owned and managed LPG... 

Shipping containers provide temporary teaching facility

By: Paige Müller     25th May 2018 The Academy of Sound Engineering (ASE), in Cape Town, is using shipping containers at its campus for interim teaching and office space while campus expansion is under way. The ASE, first formed in 1997 in Johannesburg, has had significant success and growth since then. Owing to its success, the... 

‘Movement’ key to economic growth – report

By: Anine Kilian     23rd May 2018 Investing in transport, logistics and infrastructure to improve the movement of goods is a key driver of economic growth, the ‘Avis Van Rental Movement Report 2018’ reveals. Unpacking key report findings at the launch in Midrand, on Tuesday, Avis Movement Southern Africa commercial vehicles... 

Barloworld H1 profits, revenue rise on higher Southern African, Russian equipment sales

By: Marleny Arnoldi     21st May 2018 Despite a weaker first quarter, the global economy remains on track to show solid growth for 2018 in both developed and emerging markets, while South Africa’s economic outlook is also improving, benefiting multinational Barloworld. The company on Monday reported a 14.2% year-on-year increase in... 

R3bn Rosslyn Hub to create 160 000 jobs

By: Nadine James     16th May 2018 The R3-billion mixed-use Rosslyn Hub development was launched at the African Smart Cities Summit, co-located with the African Construction and Totally Concrete Expo, at the Gallagher Convention Centre, in Johannesburg, on Wednesday. The Rosslyn Hub is a crucial step towards the creation of the... 

Gemgrow positive it will deliver on B share guidance for FY18

By: Marleny Arnoldi     16th May 2018 JSE-listed real estate investment trust Gemgrow Properties on Wednesday reported a dividend of 26.09c per A share and 19.34c per B share for the three months ended March 31 - 52.18c per A share and 38.52c per B share for the six months ended March 31.  

Refocused enX delivers pleasing half-year results; well-positioned for future growth

15th May 2018   Revenue increases to R3.6bn from R2.4bn EBIT improves to R354.4m from R257.1m Profit before tax grows to R182.7m from R175.2m Balance sheet strengthened, and debt maturity profile extended Group well positioned for future growth Diversified JSE-listed industrial group enX today announced... 

Calgro M3 confident of securing longer-term working capital

By: Marleny Arnoldi     14th May 2018 Property developer Calgro M3 reported a worse-than-expected financial performance for the year ended February 28, owing to challenging political and associated economic conditions, as well as delays in raising working capital.  

Balwin expects sales to grow in FY19, after zoning delays hampered its FY18 performance

By: Marleny Arnoldi     14th May 2018 Housing development company Balwin Properties’ performance for the financial year ending February 28 was largely impacted on by delays in construction at its five latest developments.  

Ctrack launches fleet-tracking solution for small businesses

By: Irma Venter     11th May 2018 Ctrack, a member of the Nasdaq-listed Inseego group, has launched a low-cost fleet tracking and optimisation tool, called Drive, for small and medium companies. Ctrack says Drive is ideal for companies with fleets of 30 vehicles or less, such as florists, plumbers, pathology labs and towing... 

Refurbishments a cheaper alternative

By: Paige Müller     11th May 2018 Industrial equipment supplier the Goscor Group will showcase its Doosan Pro-5 series forklift refurbishments – aimed at providing the farming industry with quality lifting solutions at affordable prices – at this year’s Nampo Harvest Day. Goscor Rental Company sales manager Tanya Brummer tells... 

Equites reports strong FY18 distribution growth

By: Marleny Arnoldi     10th May 2018 Real estate investment trust (Reit) Equites Property achieved 12.2% year-on-year growth in distributions a share to R1.23 for the financial year ended February 28 – cementing the company’s record of strong distribution that exceeds full year guidance.  

Small is Beautiful for Goscor Lift Truck Company

9th May 2018 In March 2018, Goscor Lift Truck Company delivered to customers more than 30 machines including Doosan diesel and electric forklifts, Bendi articulated forklifts and a range of specialised Crown Materials Handling Equipment (MHE). The point is not so much the quantity of machines (Goscor often... 

Indluplace portfolio grows 82% y/y, despite challenging environment

By: Simone Liedtke     9th May 2018 Despite having faced a challenging operating environment in 2017, residential-focused real estate investment trust (Reit) Indluplace has grown the value of its portfolio by 82% year-on-year to R4-billion at the end of the six months ended March 31. This follows the Buffet portfolio acquisition,... 

Growthpoint Investec African Properties commences operations

By: Anine Kilian     9th May 2018 Pan-African real estate investment business Growthpoint Investec African Properties (GIAP), a partnership between Growthpoint Properties, Investec Asset Management and the International Finance Corporation, has started operations. GIAP has secured capital commitments in excess of $212-million... 

Tshwane’s First Steps Towards Becoming Africa’s Automotive Capital to be Unveiled at the

9th May 2018 African Construction and Totally Concrete Expo and African Smart Cities Summit Rosslyn Hub, a R3-billion, mixed use development that will catalyse the city of Tshwane to become the automotive capital of Africa is set to be launched at the African Construction and Totally Concrete Expo on... 

Concor Buildings Delivering Fast Track Student Accommodation Project

9th May 2018 Concor Buildings is synonymous with delivering fast track projects to the desired quality, on time and most importantly within budget. Martin Muller, contracts manager at Concor Buildings, ascribes this characteristic as one of the reasons why the company secured the contract to construct the new... 

Wacker Neuson appoints new dealer, strengthens foothold in Northern Cape

3rd May 2018 Wacker Neuson, South Africa’s foremost supplier of light construction equipment and compact machines, recently appointed Van Zyl Agri (Pty) Ltd. in Upington as its official dealer in a move to expand its footprint in the Northern Cape. “While we were exhibiting at Nampo 2017, Johan van Zyl Snr.... 

MAS acquires Romanian shopping centre

By: Simone Liedtke     30th April 2018 In line with the group’s strategy of investing across the broader European market, MAS Real Estate will acquire the Bucharest-based Militari shopping centre for €95-million. The property will be acquired from MD CE Holdings and Atrium Turkey Samsun, two wholly-owned subsidiaries of Atrium... 

Company uses expo to expand footprint in Africa

By: Melissa Zisengwe     27th April 2018 Pump hire specialist Integrated Pump Rental (IPR) exhibited at bauma CONEXPO AFRICA 2018 for the first time to increase visibility of its product offering to the construction sector in Africa. With the major portion of the company’s customer base in the mining industry, according to IPR MD Lee... 

Power generation rental popular in developing, underdeveloped countries

27th April 2018 The rental power generation market is popular in developing and underdeveloped countries owing to power shortages being a major issue, says market research company ReportBuyer. With power an essential component for the enhancement of any country or economy and playing a vital role in the... 

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