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Jul 25, 2014
The South African Real Estate Investment Trust (SA Reit) Association has called on the Competition Commission to intervene in undesirable exclusivity clauses in retail leases that were allowing retailers to stifle market share. The association’s members, which...
Jul 25, 2014
ADAM HABIB University of Witwatersrand vice-chancellor and principal Adam Habib
The first of a series of 15 public debates exploring options for the implementation of the National Development Plan (NDP) was officially inaugurated at the University of the Witwatersrand (Wits) School of Governance this week. In association with the Oliver and...
Jul 25, 2014
Mike Rossouw
Eskom’s appointment of former mining executive Mike Rossouw on a one-year, extendable assignment appears to be closely associated with Public Enterprises Minister Lynne Brown’s appeal for “extraordinary” steps to be taken to deal with the “unsatisfactory”...
Jul 25, 2014
Global revenues from solar energy operations could double from $59.84-billion in 2013 to $137-billion in 2020, new analysis from Frost & Sullivan shows. The consultancy’s ‘Global Solar Power Market’ report says the total global installed solar photovoltaic (PV)...
Jul 25, 2014
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
Jul 25, 2014
DEON LANDMANN The association is open to any company in the construction industry
To tackle any skills shortages in the sector, construction industry body Master Builders Association (MBA) North offers intermediary services to connect its members’ employees with apprenticeships and learnerships relevant to the industry. MBA North education,...
Jul 25, 2014
Consulting engineering firm GIBB is on track to deliver sewerage services to 12 700 indigent residents of the Sicelo informal settlement and 10 000 future low-cost houses, in the Sedibeng district of Gauteng, by 2017, says GIBB professional engineer and project...
Jul 25, 2014
Consultancy Frost & Sullivan’s African Utility Market Intelligence Report has highlighted an urgent need for power and water utilities to expand and improve their generation and distribution capacities. This finding is based on the consultancy’s analysis of the...
Jul 25, 2014
Jul 24, 2014
Jul 24, 2014
Jul 23, 2014
 
 
 
Jul 23, 2014
Freedom Property Fund will undertake an assessment and the adoption of a share participation scheme to increase the ownership of its shares by previously disadvantaged individuals through a black economic-empowerment (BEE) structure. “Our investment model thrives...
Jul 22, 2014
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel says government will be prioritising six ‘I’s as part of its “radical economic transformation” agenda for the coming five years. Delivering his Budget Vote in Parliament on Tuesday, Patel said the six components...
Jul 22, 2014
Venetia mine
In what could be the single-largest contract awarded to construction major Murray & Roberts (M&R) since the Eskom power build programme, M&R subsidiary M&R Cementation has secured a R2.6-billion contract to develop an underground mine beneath diamond major De...
Jul 22, 2014
Artist's impression of the new Discovery building
Property developers Growthpoint Properties and Zenprop Property Holdings are targeting a five-star Green Building Council of South Africa Green Star rating for insurance provider Discovery’s new global head office to be constructed in Sandton, Growthpoint office...
Jul 22, 2014
Engineering and construction group Wilson Bayly Holmes-Ovcon (WBHO) has launched a sponsored American Depository Receipt (ADR) programme in the hopes of opening up investment in the group to international investors, particularly US investors. The ADR programme was...
Jul 22, 2014
Article contains comments
In an update to shareholders, financially distressed civil engineering group Protech Khuthele Holdings, this week, said it was still awaiting the appointment of a liquidator. This followed after business rescue practitioner Gavin Gainsford, earlier this month,...
Jul 22, 2014
JSE-listed speciality chemicals group AECI on Tuesday announced that it expected to report higher earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended June 30, mainly owing to the sale of the group’s surplus property assets at...
Jul 22, 2014
The Vanderbijlpark plate mill, which is to be upgraded
Steel producer ArcelorMittal South Africa (AMSA) reports that it is planning an upgrade to its plate mill at Vanderbijlpark in quarter four 2014, which will enable it to produce heavy plates of up to 11 t for South Africa’s emerging wind-tower manufacturing...
Jul 22, 2014
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Jul 21, 2014
 
 
 
 
Jul 21, 2014
Jul 21, 2014
Article contains comments
Moe Shaik
The achievement of South Africa’s infrastructure development ambitions will depend on finding the so-called “sweet spot” of mutual interest between government, players in the private construction and engineering sectors and financiers, Development Bank of...
Jul 21, 2014
Financial close for bid window three under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has been extended from the end of July to November, Energy Minister Tina Joemat-Pettersson revealed on Monday. Delivering her...
Jul 21, 2014
The first sod has been turned on the construction site of an extension to the Cape Town International Convention Centre (CTICC), paving the way for a development that will double the centre’s existing capacity and create several thousand jobs. “The expansion,...
Jul 21, 2014
Article contains comments
Energy Minister Tina Joemat-Pettersson
Energy Minister Tina Joemat-Pettersson placed significant emphasis on the development of gas, including shale gas, and nuclear in her inaugural Energy Budget Vote to lawmakers in Cape Town on Monday. In an address framed by President Jacob Zuma’s State of the...
Jul 21, 2014
Cement makers Holcim and Lafarge have received more than 100 expressions of interest in assets they must sell ahead of their planned merger, the Swiss company's chief executive said on Monday. The two companies proposed a multi-billion euro series of asset sales two...
Jul 18, 2014
State-owned freight logistics group Transnet has revised its seven-year rolling capital investment figure to R312.2-billion, from R307.5-billion, and reveals in its latest annual report that sustaining capital will comprise 51% of that total. The group released its...
Jul 18, 2014
After initially announcing the planned transaction in December last year, Buildmax said on Friday that the Department of Mineral Resources (DMR) had approved the acquisition of Vaal Quarry’s mining right and certain plant and equipment by Buildmax subsidiary Letamo...
Jul 18, 2014
Local ceiling and partition company Abbeycon has beaten global competition at the Saint-Gobain Gypsum International Trophy competition, which was held last month in Berlin, Germany.
Jul 18, 2014
The KwaZulu-Natal branch of earthmoving equipment distributor High Power Equipment Africa (HPE Africa) participated at the 2014 Royal Agricultural Show, which was held in Pietermaritzburg, KwaZulu-Natal, from May 23 to June 1. On display were Korean earthmoving...
 
 
 
 
Jul 18, 2014
ARNOUT VAN HAARLEM A project management company must thoroughly understand the needs of the client
A project management company must thoroughly understand the needs of the client before it can successfully manage an engineering and construction project on behalf of the client, says engineering and construction company Fluor South Africa project director Arnout van...
Jul 18, 2014
JEFF SHAW The project management industry is cyclical in nature
The South African project management industry is currently not thriving because the slow pace of infrastructure investments is negatively impacting the industry, professional services firm KPMG infrastructure and major projects director Jeff Shaw says. Although...
Jul 18, 2014
TUMI DLAMINI The building industry continues to play a significant role in driving growth and job creation in South Africa
The yearly Master Builders South Africa (MBSA) Congress will be held in Port Elizabeth in September, where national and African representatives will have an opportunity to discuss the latest trends, opportunities and challenges in the building industry.
Jul 18, 2014
Energy saving systems specialists ThermoWise completed the installation of 13 AXHW-05 air-to-water heat pumps at the Zibambeleni old age home in Durban, KwaZulu-Natal, to improve electricity savings at the establishment, in May this year. “These...
Jul 18, 2014
Transport Minister Dipuo Peters says she “would love to” present the National Transport Master Plan (NATMAP) to Cabinet for approval by the end of March next year. She says this is, however, dependent on internal process within the Department of Transport (DoT),...
Jul 18, 2014
MARITIME ECONOMY Durban is a maritime-based city and, as such, its economy relies heavily on the port
The R110.5-billion Durban port upgrade project of State-owned Transnet National Ports Authority (TNPA) and Transnet Port Terminals (TPT) is the most significant project currently taking place in KwaZulu-Natal, providing significant opportunities for economic...
Jul 18, 2014
BRIDGE-BUILDING Delivering large-scale construction projects requires project management
Delivering large-scale construction projects requires project management to coordinate all the activities that are involved in the execution of the project, engineering and project implementation firm Hatch Goba reports. “For example, a large amount of existing...
Jul 18, 2014
As far as infrastructure plans go, government’s National Development Plan (NDP) is “right up there” with the best in the world, says KPMG global infrastructure chairperson James Stewart. He regards the strategic integrated projects (SIPs) approach as “quite...
Jul 17, 2014
Article contains comments
Finance Minister Nhlanhla Nene
South Africa’s Finance Minister Nhlanhla Nene is optimistic that the first commitment by the ‘New Development Bank’, which was officially approved for establishment by the governments of Brazil, Russia, India, China and South Africa at the sixth Brics Summit in...
Jul 17, 2014
Pieter Prinsloo
The investment structure of real estate investment company African Land Investments has been restructured, resulting in Hyprop Investments and Atterbury Africa each holding a 50% stake in the 44 000 m2 Zambia-based Manda Hill shopping centre, African Land’s only...
 
 
 
 
Jul 17, 2014
Kyalami, otherwise known as Farm Bothasfontein, will go under the hammer as scheduled on July 24, at 12:00, at Summer Place, in Hyde Park, Johannesburg, after 11 applicants failed to stop the auction, with a revised reserve price set at R200-million. In June, auction...
Jul 17, 2014
Article contains comments
China cannot be concerned about only itself and must join a development bank being created by emerging market nations as its economy is intertwined with that of the world, the Chinese central bank said on Thursday. In a short defence of why China will invest...
Jul 17, 2014
A study commissioned by the South African Property Owners Association (Sapoa) has found that the real estate sector contributed R1.32-billion to the fixed capital stock of the country in 2013, while the gross fixed capital formation of the sector added R97-billion...
Jul 16, 2014
Article contains comments
Public Enterprises Minister Lynne Brown
Public Enterprises Minister Lynne Brown has reiterated that critical talks are under way within government to address Eskom’s financial problems, adding that the issue is being addressed “not as an Eskom problem but as a national priority”. Addressing...
Jul 16, 2014
Article contains comments
President Jacob Zuma would, on July 19, launch the first phase of Operation Phakisa, a government initiative aimed at fast-tracking the delivery of some of the priorities outlined in the National Development Plan. Operation Phakisa is modelled on the government of...
 
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