Sep 03, 2008
WBHO’s building division eyes international expansionBack
Construction|Engineering|Port|Africa|Airports Company South Africa|Nuclear|Nuclear 1|Petrochemicals|Projects|Roads|Sasol|Transnet|Transnet Port Terminals|Water|WBHO|Africa|Mauritius|South Africa|United Arab Emirates|Zambia|Building|Energy|Mining|Nuclear|Petrochemicals|Department Of Water Affairs|South African National Roads Agency|Infrastructure|Louwtjie Nel|Mike Wylie|Savannah Maziya|Water|R10
© Reuse this
Louwtjie Nel, who was appointed as CEO in July, said that the building division was studying prospects in the United Arab Emirates, Mauritius and Zambia.
Meanwhile, WBHO nonexecutive director Savannah Maziya said that the group as a whole was targeting international work, public sector contracts and mining projects for further growth.
In the public sector, the company aimed to participate in a number of large projects over the next few years, including work for the South African National Roads Agency, the Department of Water Affairs, Transnet, Transnet Port Terminals, the Airports Company South Africa and Nuclear 1, among others.
It was also hoping to participate in petrochemicals giant Sasol's expansion projects.
On Monday, when the group announced its full-year results, WBHO said it was well positioned to participate in the energy, infrastructure and mining sectors in the year ahead.
"We believe we are well placed to produce another year of real growth while maintaining our profit margins. However, it is unlikely that we will achieve the same rate of growth as accomplished this financial year," WBHO chairperson Mike Wylie commented in a statement to shareholders.
On Monday, the contractor reported a 34% increase in turnover to R10,9-billion for the year ended June 30, 2008, compared with R8,1-billion in 2007. It also increased its order book to R18,3-billion, as at July 1, 2008, compared with R10,6-billion as at July 1, 2007.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Infrastructure News
Johannesburg-based company Mitsubishi Hitachi Power Systems Africa, which is constructing boilers for State-owned power utility Eskom’s new Medupi and Kusile power stations, announced a revised top structure, including a new executive chairperson and a new chief...
Recent Research Reports
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...