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Construction News

Five directors step down in Group Five board shake-up

By: Natasha Odendaal     23rd June 2017 As construction giant Group Five officially issues a notice of a planned extraordinary general meeting (EGM) on July 24, to reconstitute the board, five directors are set to step down. Effective July 24, independent nonexecutive directors Vincent Rague, Willem Louw and Justin Chinyanta, along... 

PwC Tower receives commendation in Fulton Awards

By: Megan van Wyngaardt     23rd June 2017 The PwC Tower, in Midrand, which is nearing completion, has received a commendation in the buildings greater than three storeys category at the 2017 biennial Fulton Awards, hosted by the Concrete Society of South Africa. The PwC Tower is the twenty-fourth tallest twisted building in the world and... 

Bolting technology supplier establishes base in South Africa 

By: Nadine James     23rd June 2017 German bolting technology company ITH officially opened its South African office in October last year, in order to service long-standing customers based in Africa, while also looking to expand geographically and grow its customer base and market share, says ITH South Africa GM Gys Nell. “We... 

Bolting technology supplier establishes base in South Africa
ITH South Africa GM Gys Nell discusses the background, aims and offering of the ITH group. Camerawork and Editing: Nicholas Boyd.

Drive supplier remains committed to continent

By: Nadine James     23rd June 2017 German drive engineering group SEW Eurodrive remains committed to Africa despite political and economic instability in parts of the continent, says local subsidiary SEW Eurodrive South Africa (SA). SEW Eurodrive SA MD Raymond Obermeyer says while the political upheaval and economic uncertainty... 

Infrastructure development key to accelerating growth, Gama avers

By: Mia Breytenbach     23rd June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, earlier this month, he... 

Infrastructure development key to accelerating growth,  Gama avers
SIYABONGA GAMA We need to make sure that Africa’s share of global trade continues to grow

S Africa’s attractiveness to investors dependent on economic recovery

By: Nadine James     23rd June 2017 South Africa’s attractiveness to foreign investors in the future will depend a great deal on how it recovers from its latest economic knocks and political and policy developments, warns the Southern African-German Chamber of Commerce and Industry (SAGCCI). SAGCCI CEO Matthias Boddenberg explains... 

S Africa’s attractiveness to investors dependent on economic recovery
RESOLUTE RELATIONSHIP German businesses have deep roots in South Africa and are unlikely to pull out any time soon

Stenprop mulls London listing as it pursues UK prospects

By: Mia Breytenbach     23rd June 2017 Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this month, JSE-listed property investment company Stenprop is  considering the merits of a conversion to real estate investment trust status, as well as a possible listing on the LSE. The... 

Stenprop mulls London listing as it pursues  UK prospects
Photo by Bloomberg
ATTRACTIVE MARKET Stenprop earlier this month announced the £130.5-million acquisition of a portfolio of multilet industrial (MLI) properties in the UK

Afrimat Construction Index continues to outperform general economy

By: Mia Breytenbach     22nd June 2017 Despite negative perceptions, South Africa’s economy remains resilient, while the construction industry remains healthy and continues to perform well, says Afrimat CEO Andries van Heerden. This is evident in the Afrimat Construction Index (ACI) having expanded by 22.7% between the third quarter... 

Afrimat Construction Index continues to outperform general economy
Afrimat CEO Andries van Heerden

Building confidence declines sharply in Q2

By: Megan van Wyngaardt     22nd June 2017 The First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index fell sharply to 32 for the second quarter, down from 43 in the first quarter. All of the measured subsectors registered a drop in confidence. 

Building confidence declines sharply in Q2

WG Wearne, Elcu transaction deemed fair

By: Megan van Wyngaardt     22nd June 2017 The sale of JSE-listed WG Wearne’s Brandvlei Sand Quarry and its ancillary business to Elcu Pumps has been declared fair by BDO Corporate Finance, WG Wearne said on Thursday. The companies in April entered into the R7-million transaction, which forms part of WG Wearne’s restructuring plan to sell... 

Kenya joins Africa Finance Corporation

By: Megan van Wyngaardt     21st June 2017 Kenya is the latest country to become a member of Pan-African multilateral development finance institution, the Africa Finance Corporation (AFC).   Kenya is the AFC’s fifteenth member and its third East African member after Rwanda and Uganda. The other members are Cabo Verde, Chad, Côte d’Ivoire,... 

Dipula CEO to head Reit association

By: Megan van Wyngaardt     21st June 2017 The South African Real Estate Investment Trust (SA Reit) Association has appointed Dipula Income Fund CEO Izak Petersen as its chairperson.   He has extensive experience in the financial services environment spanning investment banking, asset management and property.  With over R400-billion in... 

Dipula CEO to head Reit association
SA Reit Association chairperson Izak Petersen

Ngebulana to step down as Rebosis CEO in September

By: Megan van Wyngaardt     20th June 2017 JSE-listed property developer Rebosis’s recent acquisition of two dominant regional shopping malls and management companies from Billion Group has necessitated the company making some key leadership changes. The company on Tuesday noted that it had become imperative to have dedicated and... 

Ngebulana to step down as Rebosis CEO in September
Rebosis CEO Sisa Ngebulana

Sisulu adjusts social housing programme

By: Anine Kilian     19th June 2017 Human Settlements Minister Lindiwe Sisulu has approved adjustments made to the social housing programme. This comes after the launch of the Westgate social housing project in Pietermaritzburg, KwaZulu Natal, on Monday, which was officiated by President Jacob Zuma. 

Africa should embrace private sector infrastructure investment

By: Irma Venter     19th June 2017 The public sector in Africa should understand and nurture the idea that increased private sector investment in infrastructure is the best way to achieve “intense job creation”, and to incentivise funding and skills transfer, says Nigerian Society of Engineers infrastructure and public-private... 

 Africa should embrace private sector infrastructure investment

Businesses embracing energy and carbon action plans

By: Simone Liedtke     16th June 2017 Uptake of the challenge of implementation corporate energy and carbon management strategies has taken some time, but businesses are now increasingly putting into place aggressive energy and carbon action plans, says resource efficiency and management company Environmental Resource Management... 

Company aims for positive impact on environment

By: Simone Liedtke     16th June 2017 Environmental management company I-CAT Environmental Solutions aims to deliver a product and service offering that impacts the environment favourably when compared with traditionally used products. 

Luminaire manufacturer expands product offering 

By: Simone Liedtke     16th June 2017 Energy efficient luminaires manufacturer Beka Schréder launched a new standalone solar luminaire – the SOL-ONE – in May 2017, which uses the most efficient light-emitting diodes (LEDs), says Beka Schréder marketing manager Sibusiso Skosana. 

Luminaire manufacturer expands product offering
SOL-ONE The luminaire has an integrated photocell and an integrated motion sensor

Malawi and Tanzania sign MOU for Songwe River Basin Programme 

By: David Oliveira     16th June 2017 Malawi and Tanzania signed a memorandum of understanding (MOU) last month at the Bingu International Convention Centre (BICC) in Lilongwe, Malawi, which will see the two African nations work together for the development of the Songwe River Basin Development Programme (SRBDP). The SRBDP was... 

Municipality reduces GHG by using buses

By: Simone Liedtke     16th June 2017 The City of Johannesburg metropolitan municipality aims to achieve 25% less greenhouse-gas (GHG) emissions, an operational cost efficiency with gas at R7/l for bus equivalents, and over three phases create more supply chain opportunities using its ‘green’ Metrobus fleet. 

Need for business to safeguard and support environmental protection initiatives

By: Simone Liedtke     16th June 2017 There is increasing pressure on businesses whose production processes produce waste to become more sustainable and support government’s efforts to safeguard the future of the environment by minimising their carbon footprint within their operations, says waste management company Interwaste group... 

Need for business to safeguard and support environmental protection initiatives
REWARDING BENEFITS By obtaining green accreditation, businesses are recognised and can be rewarded for the role they play in protecting the environment

Need for environmental awareness in growing industry

By: Simone Liedtke     16th June 2017 There is a growing need for the construction industry to become more environmentally aware, which includes considering solvent emissions, recycling and toxicity, and building materials supplier DenBraven national sales and marketing manager Michael Berg says the company has made higher... 

Programme provides in-depth understanding to boost green industry

By: Simone Liedtke     16th June 2017 Owing to the continuous development and application of new technology in the green industry, training and research provider Enterprises University of Pretoria (Enterprises at UP) will present the biannual ten-day Programme in Environmental Management under the auspices of the Centre for... 

Regulation changes for chemicals industry next year

By: Marleny Arnoldi     16th June 2017 Major Hazard Installation (MHI) regulations for hazardous chemical and petrochemical industries – which fall under the Occupational Health and Safety Act (OHSA) – are under review to align them with international standards.  

Regulation changes for chemicals industry next year
Photo by Bloomberg
SAFETY ABOVE ALL Ishecon’s training helps engineers to build and operate safe chemical plant installations

Several Green trends expected to emerge this year

By: Simone Liedtke     16th June 2017 As the green-building groundswell takes hold globally, construction materials supplier AfriSam says industry can expect to several trends emerge this year. 

Several Green trends expected to emerge this year
VICTOR BOUGUENON Trends include South Africa’s property and construction players committing to greener practices

South Africans more conscious of greener ways of living

By: Simone Liedtke     16th June 2017 With South Africans being more aware of greener ways of living, multidisciplinary engineering consultancy WSP regional director and sustainability consultant Alison Groves says this has led to green building becoming integral in the design and construction of buildings. 

South Africans more conscious of greener ways of living
INITIAL FOCUS The rating system developed by the Green Building Council of South Africa was initially only focused on new buildings

Eskom downgrade has AMSA CEO worried about steel

By: Anine Kilian     14th June 2017 With ratings agency Moody’s Investors Service cutting State power utility Eskom’s credit to two notches below investment grade on Wednesday, ArcelorMittal South Africa (AMSA) CEO Wim de Klerk expressed his concern about the downgrade’s impact on the local steel industry. Addressing delegates at a... 

Eskom downgrade has AMSA CEO worried about steel
ArcelorMittal South Africa CEO Wim de Klerk

South Africa should be proud of wind energy achievements 

By: Megan van Wyngaardt     14th June 2017 South Africa has, in three years, become the largest wind power producer on the continent, generating 1.4 GW of electricity from 600 wind turbines.  On the eve of Global Wind Day, South African Wind Energy Association (Sawea) CEO Brenda Martin said the industry should be proud, not only... 

South Africa should be proud of wind energy achievements

Steel industry needs to pull together to fight import risks 

By: Anine Kilian     14th June 2017 In light of the recently implemented safeguard duty on hot-rolled steel, continued collaboration among stakeholders is necessary to protect the steel industry against the influx of steel imports, said consulting firm XA International Trade Advisors director Donald Mackay on Tuesday. Speaking at a... 

Steel industry needs to pull together to fight import risks
South Africa Institute of Steel Construction CEO Paulo Trinchero

Accelerate Property Fund reports strong FY performance, sees tough times ahead

By: Megan van Wyngaardt     14th June 2017 JSE-listed Accelerate Property Fund on Wednesday boasted strong financial results for the year ended March 31, with its year-on-year distribution per share up 7.3% to 57.75c apiece. Since listing in December 2013, its portfolio has grown from R5.5-billion, at a share price of R4.88 apiece, to... 

Accelerate Property Fund reports strong FY performance, sees tough times ahead
Accelerate CEO Andrew Costa

Structural repairs on Robinson canal near completion

By: Megan van Wyngaardt     14th June 2017 The Johannesburg Roads Agency (JRA) is nearing completion on the R8-million Phase 1 upgrade of 2.65 km of the Robinson canal, one of the City of Johannesburg’s oldest canals. The agency said the rehabilitation, which extends from Main street, passing through Selby and Ophirton and ending on Lake... 

‘Not one’ CSR locomotive made in South Africa, economic research group claims 

By: Terence Creamer     14th June 2017 Research commissioned by independent economic research institution Trade and Industrial Policy Strategies (TIPS) has found that, despite local-content obligations, not one of the China South Rail (CSR) locomotives being procured by Transnet has been assembled in South Africa and that all have... 

‘Not one’ CSR locomotive made in South Africa, economic research group claims

Congo tells consortia to form joint bid for Inga 3 hydro project

By: Reuters     14th June 2017 Democratic Republic of Congo on Tuesday asked Chinese and Spanish consortia vying to develop a long-delayed $14-billion hydroelectric project to join together and submit a single bid. The statement represents a new delay for the Inga 3 project, which has struggled to attract financing. Last May,... 

Sandton accessibility to improve as new bridges open

By: Megan van Wyngaardt     13th June 2017 The Grayston pedestrian and cyclist bridge over the M1 dual carriageway is expected to be completed by October, the City of Johannesburg said on Tuesday. With over 10 000 people walking between Alexandra, Wynberg and Sandton central daily, the bridge is part of a 5 km dedicated walking and... 

Sandton accessibility to improve as new bridges open

Attacq takes further steps to achieve Reit status

By: Megan van Wyngaardt     13th June 2017 JSE-listed property developer Attacq on Monday said it was adopting an income distribution strategy, aimed at taking it one step closer to gaining real estate investment trust (Reit) status, which includes the reduction of existing debt facilities using the proceeds from the disposal of its... 

Attacq takes further steps to achieve Reit status
Photo by Attacq
Attacq CEO Morne Wilken

Stor-Age maintains growth trajectory

By: Anine Kilian     13th June 2017 JSE-listed real estate investment trust Stor-Age increased its divided by 10% year-on-year to R88.05 in the year ended March 31 and is expecting 9% to 10% dividend growth in the current financial year. The company noted that its results were driven by a strong trading performance across the... 

General Electric bets big on digital

By: Natasha Odendaal     13th June 2017 While the industrial ecosystem lags the productivity gains seen in the consumer economy as a result of digital disruption, General Electric (GE) is betting its future on digital industrial transformation and the powerful gains that will emerge from fully leveraging what the Internet of Things... 

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