http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.93Change: 0.00
R/$ = 12.67Change: -0.01
Au 1095.49 $/ozChange: 0.31
Pt 984.00 $/ozChange: 2.00
 
 
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  
 
 
Sep 05, 2007

WBHO sees shift to larger, long-lead projects

Back
WBHO CEO Mike Wylie discusses the construction sector post-2010 (05/09/07)
 
 
 
Construction|Africa|Eskom|Gautrain|Gautrain Rapid Rail|PROJECT|Projects|rail|Roads|Transnet|Africa|Gautrain|Gautrain|Gautrain|Infrastructure
Construction|Africa|Eskom|Gautrain|Gautrain Rapid Rail|PROJECT|Projects|rail|Roads|Transnet|Africa|Gautrain|Gautrain|Gautrain|Infrastructure
construction|africa-company|eskom|gautrain-company|gautrain-rapid-rail|project|projects|rail|roads|transnet|africa|gautrain-facility|gautrain-organization|gautrain|infrastructure
© Reuse this Construction group WBHO Construction starts the 2008 financial year with an order book of R10,6-billion.

The company noted, at a presentation held in Sandton on Wednesday, that the nature of its order book had changed and was now characterised by a greater number of larger projects spread over longer time periods.

With a lot of the industry's attention currently being placed on completing projects before 2010 deadlines, CEO Mike Wylie commented that WBHO was confident that there would be sufficient work continuing post-2010. He noted that Transnet, Portnet and Eskom, for example, would be behind infrastructure development projects in the future.

In the build-up to South Africa hosting the 2010 FIFA Soccer World Cup, the construction sector has been booming with the development of the stadia, the Gautrain rapid-rail project and all the associated development. The event has been hailed as a major catalyst for growth in the country.

The construction industry has been further boosted by government's infrastructure spend totalling over R400-billion.

The high profile projects WBHO is currently involved in include three FIFA World Cup stadiums - the Peter Mokaba stadium in Polokwane, Green Point stadium in Cape Town and King Senzangakhona stadium in Durban, and the King Shaka International Airport, also in Durban.

He added that an upcoming spend on the South African roads network would also take the company beyond 2010.

Wylie said that the group would look to confirm its post-2010 projects closer to the time, but that some projects it was already being considered for would continue beyond 2010.

Financial Results


WHBO reported adjusted headline earnings of R311-million which is up 59% from 2006's earnings of R195-million. This figure excludes the once-off expense of the share-based black economic-empowerment transaction which was completed in October last year.

The group boasted a turnover of R8,1-billion which reflects a 40% increase over the previous year's R5,8-billion. Attributable earnings were up by 39% for the year, to R318-million.

Headline earnings a share were 512,1c a share, compared with 351,7c a share in 2006.

Capital expenditure for the year amounted to R345-million, and some R376-million has been approved for the next financial year.

A final dividend of 85c a share has been declared and, together with the interim dividend of 36c a share, reflects a total dividend of 121c a share for the year.

Edited by: Liezel Hill
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
Telecommunications group Telkom on Friday said it had posted a 1.7% uptick in net revenue for the three months to June 30, on the back of a strong performance by mobile on data revenue and higher fixed-line subscription revenue. Mobile net revenue for the first three...
Dangote Cement revised its 2015 spending plans to $1-billion from the $700-million estimated nine months ago after it commissioned two new African plants this June, Nigeria's biggest listed company said on Friday. The company, majority owned by billionaire Aliko...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
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