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Construction News

EPP on solid growth path with strong Q1 operational performance

By: Anine Kilian     Updated 4 hours ago JSE-listed Polish property company EPP successfully bought the first tranche of the M1 portfolio, comprising four properties in sought after regions, adding 194 000 m² in gross lettable area (GLA) and taking total income producing assets to over €2-billion in the quarter ended March 31. The M1... 

100 Resilient Cities appoints Dana Omran as MD for Africa

By: Marleny Arnoldi     Updated 5 hours ago Dana Omran has been appointed Africa MD for the Rockefeller Foundation’s 100 Resilient Cities (100RC) programme.  

PIC increases shareholding in M&R to 20.41%

By: Anine Kilian     25th June 2018 Engineering and construction group Murray and Roberts (M&R) on Monday reported that the Public investment Corporation (PIC) has increased its beneficial shareholding in the company from 19.96% to 20.41%. The PIC is one of M&R’s biggest shareholders. 

Order received for two H-25 gas turbines

22nd June 2018 Thermal power generation systems manufacturer Mitsubishi Hitachi Power Systems (MHPS) has received an order for two H-25 gas turbines for a thermal power station being built by power provider China Resources Power Group, in Taixing City, in Jiangsu province, China. The units will form the core... 

Order received for two H-25  gas turbines
Photo by Bloomberg
POWER PLANT Serving as a standalone power source in a local industrial zone, the new plant will supply power, steam for manufacturing processes, and cooled air for air-conditioning

Import duty causes fallout for stainless steel fastener suppliers

By: Tasneem Bulbulia     22nd June 2018 Stainless steel nuts, bolts and fasteners supplier Fastenright has been forced to increase the selling prices of its stainless steel fasteners, a detrimental consequence of the International Trade Administration Commission of South Africa’s (Itac’s) changing import duties, Fastenright MD Rainer... 

Import duty causes fallout for stainless steel fastener suppliers
IMPORT BUSINESS Fastenright imports its stainless steel fasteners from approved suppliers, mainly the Far East, specifically China and Taiwan; and Europe

Improving industry presents opportunities for fastener portfolio

By: Tasneem Bulbulia     22nd June 2018 While the local fasteners industry has experienced a “downfall”, the proposed increase in government spend on power generation points to an upswing during the course of 2019, with this holding significant opportunities for technical solutions provider BMG’s portfolio of fastener products, says... 

Improving industry presents opportunities for fastener portfolio
RELIABLE SOLUTION The Nord-Lock wheel nuts use tension, instead of friction, to secure bolted joints

Solutions engender safety, reliability for chemical fasteners

By: Tasneem Bulbulia     22nd June 2018 Construction industry service and technology provider Hilti South Africa is offering two “innovative technologies” – the HIT-Z rod and advanced on-site testing – to ensure safety and reliability for chemical fasteners, Hilti South Africa head of engineering Christiaan Davel tells Engineering... 

Solutions engender safety, reliability for chemical fasteners
Photo by Dylan Slater
FASTENING SOLUTION While a conventional rod depends on bonding to secure it, the HIT-Z rod is controlled instead by friction, thereby negating the need to clean the hole during installation

Strapping and buckle system improves signage erection

22nd June 2018 The Band-It Grade 304 stainless steel strapping and buckle system from industrial equipment supplier Banding & Identification (ID) Solutions Africa has allowed signage and branding company Fox Signage to reduce the total cost of erecting signage substantially, while simultaneously speeding up... 

Strapping and buckle  system improves  signage erection
IMPROVED ERECTION The Band-It Grade 304 stainless steel strapping and buckle system has enabled Fox Signage to substantially reduce the total cost of erecting signage

Siemens boss outlines how China’s BRI will benefit 70% of global population

By: Zandile Mavuso     22nd June 2018 Earlier this month, multidisciplinary cooperation Siemens held its first Belt & Road International Summit in Beijing, China, themed Create, Connect and Collaborate, during which it advocated for a digital ecosystem to foster future-oriented infrastructure development globally in what it referred... 

Strong attendance growth at Fastener Fair Turkey 2018

22nd June 2018 Exhibitors at the fourth edition of the Fastener Fair Turkey 2018 welcomed high calibre Turkish and international visitors for three days, with a total of 2 900 managers, engineers and buyers visiting the event. This represents an impressive 70% growth, compared with the 2016 show. 

Govt to deploy support teams to assist distressed municipalities – Nel

By: Simone Liedtke     21st June 2018 Government is working to ensure that all distressed and dysfunctional municipalities have access to a district support team by December this year, says Cooperative Governance and Traditional Affairs Deputy Minister Andries Nel. Speaking at the Vision 2030 Summit, in Johannesburg, on Wednesday, he... 

Govt to deploy support teams to assist distressed municipalities – Nel
Photo by Simone Liedtke
Cooperative Governance and Traditional Affairs Deputy Minister Andries Nel

NGOs rate South Africa’s transition to a green economy at five out of ten

By: Nadine James     21st June 2018 Nongovernmental organisations (NGOs) on Thursday released the findings of new research, which describes South Africa’s transition to a low-carbon, sustainable and inclusive future as “stuck in first gear”, with ambitious policies but slow implementation. The ‘South Africa Green Economy... 

Traffic on Gauteng’s freeways to grow by 50 000 trips a day in 2018

By: Irma Venter     21st June 2018 Current traffic growth on Gauteng’s e-toll freeways is running at around 4%, says South African National Roads Agency Limited (Sanral) planning, toll and transportation project engineer Alan Robinson. This means the current volume of 1.25-million people-trips a day on the e-toll freeway network... 

Traffic on Gauteng’s freeways to grow by 50 000 trips a day in 2018

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

By: Terence Creamer     21st June 2018 Murray & Roberts (M&R) announced on Thursday that it would proceed to further develop a potential tie-up with Aveng after the Takeover Regulation Panel (TRP) sanctioned the outcome of an earlier shareholder vote, which approved a resolution stating that the proposed Aveng deal was not designed to... 

Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition

Zambia urges South African firms to invest in public projects

By: Reuters     21st June 2018 Zambia's finance minister urged South African firms to invest in roads and power plants in Africa's No.2 copper producer after it suspended borrowing indefinitely, slowing down the accumulation of new debt amid worries about the risk of distress. The International Monetary Fund rejected Zambia's... 

Western Cape govt identifies 7 possible affordable housing sites

By: News24Wire      21st June 2018 At least seven vacant plots have been identified as "possible sites for social and affordable housing" in Cape Town's southern suburbs, including Parkwood, Lotus River and Retreat. The announcement was made by Thando Mguli, head of the Western Cape Department of Human Settlements, GroundUp... 

Basil Read applies for suspension of listing

By: Reuters     20th June 2018 South African construction firm Basil Read Holdings said on Wednesday it had applied to the Johannesburg Stock Exchange for the voluntary suspension of the listing of its shares after a key unit started business rescue proceedings. The cash-strapped company announced on Friday that Basil Read... 

Basil Read applies for suspension of listing

‘Prudent’ consolidation positions Accelerate for future growth – COO

By: Nadine James     20th June 2018 JSE-listed Accelerate Property Fund on Wednesday posted stable financial results for the year ended March 31, reporting a 57.56c a share distribution, in line with guidance. Since listing on the JSE in December 2013, the company’s portfolio has grown from about R5-billion to R12.3-billion,... 

Sephaku warns of lower FY earnings

By: Nadine James     20th June 2018 Sephaku Holdings on Wednesday advised shareholders that the company earnings for the 2018 financial year, ended March 31, are expected to be between 32% and 40% lower than the R68-million reported for 2017 financial year. Sephaku attributed the decrease in earnings to poor performances from its... 

Energy forum panelists reiterate need for regional integration in Africa

By: Marleny Arnoldi     20th June 2018 A panel of speakers at the 2018 Africa Energy Forum, in Mauritius, on Wednesday, agreed that Ministers of energy in Africa and other stakeholders should focus on regional power integration, and what would work accordingly, rather than debating country-specific suitable energy resources and... 

Attacq appoints new CEO, CFO

By: Simone Liedtke     19th June 2018 JSE-listed Attacq has appointed Melt Hamman CEO and Raj Nana CFO and executive director, with immediate effect. “After a rigorous process we are delighted to permanently appoint Melt as the CEO. Melt has provided the team with clear direction and guidance as interim CEO and has a strong history... 

Afrimat Construction Index reflects downward trend in construction activity in Q1

By: Simone Liedtke     19th June 2018 It is concerning that the construction sector – South Africa’s most labour-intensive sector in terms of labour/capital ratios – is not growing, said economist Dr Roelof Botha on Tuesday at the release of the Afrimat Construction Index (ACI) for the first quarter. The ACI, compiled by Botha on... 

Renewables, decentralisation top energy trends in Africa – Aggreko

By: Marleny Arnoldi     19th June 2018 The pace of electrification in Africa has nearly tripled since 2012, relative to the previous decade, with electrification in sub-Saharan Africa surpassing population growth for the first time in 2014. However, there is a long way to go to realise continental electrification, says Aggreko CEO... 

Renewables, decentralisation top energy trends in Africa – Aggreko

AfDB pledges $12bn for Africa’s energy development

By: Marleny Arnoldi     19th June 2018 The African Development Bank (AfDB) has placed access to sustainable energy development at the heart of its strategy, with the biggest priority ensuring improved access to electricity across the continent. AfDB power, energy, green growth and climate change VP Amadou Hott told delegates at the... 

Aveng shares leap as M&R moves closer to tie-up

By: Reuters     19th June 2018 Shareholders in South Africa’s Murray & Roberts voted on Tuesday for the company to look into a potential tie up with construction rival Aveng, sending Aveng's shares around 25% higher. The resolution got the backing of 52.06% of votes at the Murray & Roberts' (M&R) annual shareholder meeting. 

Aveng shares leap as M&R moves closer to tie-up
Photo by Creamer Media
M&R CEO Henry Laas

Atterbury signs first tenant for Randport industrial development

By: Anine Kilian     19th June 2018 Contact lens manufacturer CooperVision will become the first tenant at JSE-listed Atterbury’s R850-million Randport industrial development, in Gosforth Park, Germiston, Ekurhuleni.   

ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

By: Terence Creamer     18th June 2018 Investment company ATON, which is seeking to acquire Murray & Roberts (M&R), has welcomed a Competition Tribunal ruling opening the way for it to vote all its shares at a general meeting at which M&R shareholders will vote on the merits of a proposed transaction with Aveng. The meeting is... 

ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

Sanral’s transformation policy ready for submission to Cabinet

By: Creamer Media Reporter      18th June 2018 The final version of the South African National Roads Agency Limited’s (Sanral’s) transformation policy, which is aimed at reshaping the construction and engineering sectors, will now be submitted to Cabinet for approval. The roads agency first unveiled the draft policy in September 2017. 

Sanral’s transformation policy ready for submission to Cabinet

Swiss place efficiency at heart of post-nuclear energy strategy

By: Terence Creamer     18th June 2018 Residents taking occupation of apartments at a new mixed-use property development on the site of a decommissioned paper mill in southern Zurich, Switzerland, are all encouraged to download a neighbourhood App to their mobile devices. The social media component, which allows Greencity residents... 

Swiss place efficiency at heart of post-nuclear energy strategy
Photo by Empa
Testing new building innovations at the Empa NEST

PPC delivers on strategic priorities, posts higher FY18 headline earnings

By: Simone Liedtke     18th June 2018 Cement producer PPC on Monday posted a 172% year-on-year increase in headline earnings to R231-million for the financial year ended March 31, while gross profit rose 3% on a strong performance by the group’s operations in Zimbabwe and Rwanda. The group’s cement sales volumes increased by 6% to... 

PPC delivers on strategic priorities, posts higher FY18 headline earnings
PPC CEO Johan Claassen

Agrément South Africa officially launched as a Public Works entity

By: Marleny Arnoldi     15th June 2018 Public Works Minister Thulas Nxesi on Friday launched technical agency Agrément South Africa as a fully-fledged legal entity of the Department of Public Works (DPW).  

PPC expects up to 65% increase in FY18 net profit, but lower Ebitda

By: Marleny Arnoldi     15th June 2018 Cement producer PPC expects its net profit attributable to shareholders for the financial year ended March 31 to increase by 55% to 65%, compared with the R93-million achieved for the prior comparable period.  

Basil Read enters business rescue

By: Irma Venter     15th June 2018 Basil Read on Friday announced that it has entered voluntary business rescue, as provided for by Section 129 of the Companies Act. Shares in the construction group plummeted 94% in afternoon trade, from a high of 22c to a low of 1c. 

Basil Read enters business rescue

Company invests in new petrochemicals complex

15th June 2018 Petroleum industry company Qatar Petroleum plans to build a “world-scale” petrochemicals complex that will include the Middle East's largest ethane cracker, according to Qatar Petroleum president and CEO Saad Sherida Al-Kaabi. Qatar Petroleum has invited a group of leading international... 

Company invests in new petrochemicals complex
INTERNATIONAL CONTRACT Qatar Petroleum has invited leading international companies to submit proposals for partnering on the development of a new Petrochemicals Complex

Sustainable construction championed for building industry

By: Tasneem Bulbulia     15th June 2018 Sustainable construction should be pursued instead of green building, and using concrete can help achieve this, as it is quite a sustainable material, advances technical services provider for concrete The Concrete Institute (TCI) MD Bryan Perrie. TCI is well poised and equipped to promote this,... 

Sustainable construction championed for building industry
Photo by Bloomberg
VERSATILE Concrete is a sustainable material, with design flexibility, as it can be constructed into any shape, design and finish

Electric thermometer launched for polar applications

By: Paige Müller     15th June 2018 Measuring instrument supplier WIKA launched a tailored electrical thermometer for applications in the crude oil, natural gas and petrochemicals industries in polar climates. WIKA Instruments sales GM Ralf Hesse states that the electrical thermometer can function in ambient temperatures down to... 

Electric thermometer launched for  polar applications
ELECTRICAL THERMOMETER WIKA launched an electrical thermometer capable of functioning in ambient temperatures down to -60 °C

Entrenched player furthers green building

By: Tasneem Bulbulia     15th June 2018 Leading construction materials company AfriSam believes that it is important for all industry roleplayers to play an active role in furthering green sustainability initiatives in the built environment, and the company is pursuing this through partnerships and relationships with stakeholders, says... 

Entrenched player  furthers green building
EVERGREEN AfriSam has sponsored a number of awards to recognise notable achievements and work in sustainable building
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