http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.00Change: 0.16
R/$ = 11.86Change: 0.26
Au 1213.47 $/ozChange: 6.76
Pt 1158.50 $/ozChange: 4.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Nov 15, 2007

Newly listed KayDav eyes national expansion

Back
KayDav CEO Gary Davidson discusses the firm's plans to grow its market share
 
 
 
Port
Port
port
© Reuse this



Wooden-board supplier KayDav, which joined the JSE's main board on Thursday, has plans afoot to nearly double its South African market share to 25%, CEO Gary Davidson said.

The firm, already present in the Western Cape and Gauteng, planned to do this through an aggressive entry into Kwazulu Natal and Port Elizabeth, in the Eastern Cape, with acquisitions and opening up its own outlets.

KayDav kicked off the morning's trading at R1,25 a share, and had edged up to R1,28 a share by 9:30.

Speaking in a telephone interview, after the listing function, Davidson said that the R40-million that the firm raised in a private placement before its initial public offering had been "heavily over-subscribed".

He quipped that at times he had even had to switch his cellphone off.

Institutions that took up the firm's stock included local heavyweights such as Investec and Old Mutual.

Davidson said that KayDav had black-owned Vanani Capital as a 17% shareholder, and would likely appoint a board member in the near future from the firm. 

KayDav forecast revenue of R480-million for the 2008 fiscal year.

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Updated 5 hours ago Whether government’s ambitious R813-billion infrastructure programme spend over the next three years can be realised without tackling the shortage of key skills in the region, remains to be seen, says Nedbank Property Finance human resources head Portia Muyunda. One...
Hisham Mahmoud
Updated 5 hours ago Global consulting and engineering firm Golder Associates has appointed Dr Hisham Mahmoud as president and CEO. Mahmoud’s career spanned some 27 years, the majority of which was spent working at diversified global engineering and construction companies.
The “robust” inverse relationship between the rate of unemployment and housing prices continues to confirm that the average price of homes is largely driven by the performance of the local economy, the latest ‘Rode’s Report on the South African Property Market’ has...
More
 
 
Latest News
Updated 4 hours ago A number of foreign nationals that were displaced as a result of xenophobia-driven violence across Johannesburg and Durban’s inner city and township areas have started returning to their adoptive communities, the Inter-Ministerial Committee (IMC) on Migration...
Updated 5 hours ago South Africa will likely raise its 2015 maize output forecast after rains in crop-producing areas boosted production and yields, a survey of trading firms by Reuters showed on Tuesday. The government's Crop Estimates Committee (CEC) has previously forecast that the...
Updated 5 hours ago The Square Kilometre Array (SKA) Organisation and Amazon Web Services (AWS) have partnered to launch the ‘AstroCompute in the Cloud’ grant programme to attract innovative tools and techniques to process, store and analyse the global astronomy community’s vast amounts...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Sappi Southern Africa CEO Alex Thiel
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96