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Mar 31, 2015
South African cement producer Sephaku Cement (SepCem) is planning for its cement plants to reach steady-state capacity utilisation by the end of the second quarter of this year, subject to demand. By the end of December 2014, the company’s two cement plants had...
Mar 30, 2015
Article contains comments
State-owned freight transport group Transnet has announced that Richard Vallihu has been appointed CEO of Transnet National Ports Authority (TNPA) from April 1, following the retirement of Tau Morwe.   Vallihu, who has hitherto headed Transnet Engineering (TE), would...
Mar 27, 2015
Paul-Roux de Kock
Residential property prices are forecast to grow at 7.2% this year, on the back of 6.72% growth in 2014.
Mar 27, 2015
JSE-listed Delta Properties received bids of about R523-million for the bookbuild it launched on Tuesday. The company had set out to raise R400-million and accepted bids of R503-million.
Mar 27, 2015
Talks over a proposed merger between heavyweight South African cement producers Afrisam and PPC have collapsed, after the parties were unable to reach consensus on the terms of the deal. AfriSam made a nonbinding, conditional proposal to PPC on December 10 for a...
Mar 27, 2015
Article contains comments
The leaders of five East African countries went on a charm offensive on Thursday to lure investors for a massive plan to upgrade infrastructure in the region that has made big hydrocarbon discoveries. Tanzania, Kenya, Uganda, Rwanda and Burundi, whose combined...
Mar 27, 2015
A challenging construction sector, difficult contractual environment and poor operational performance have contributed to JSE-listed construction company Basil Read reporting an R820.9-million aftertax loss for the year ended December 31, 2014. “Lossmaking contracts...
Mar 27, 2015
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Mar 27, 2015
Mar 27, 2015
Mar 27, 2015
Article contains comments
Mar 27, 2015
 
 
 
Mar 27, 2015
JEFFREY MAHACHI A major challenge the new manual will address is foreign products entering the South African market
The National Home Builders Registration Council (NHBRC) is revising its home- building manual to include the new regulations and standards of the past fifteen years.
Mar 27, 2015
POWERING UP Energy and power made up 37% of the number of megaprojects in Africa last year
Investment in African megaprojects increased by 46% to $326-billion in 2014, mainly as a result of higher investment in transport, energy and power infrastructure, advisory firm Deloitte’s third yearly African Construction Trends report has revealed.
Mar 26, 2015
Mar 25, 2015
JSE-listed Delta Properties on Tuesday launched a bookbuild to raise R400-million, following the acquisition of Tembisa Mega Mart and the OMC Durban and the Marine properties. The proceeds of the bookbuild would be used to fund or repay debt facilities used to fund...
Mar 24, 2015
Political uncertainty over Nigeria's election on Saturday and economic turmoil from low oil prices have delivered a double blow that has slashed revenues and triggered layoffs for businesses across Africa's biggest economy. But while some, such as consumer goods...
Mar 24, 2015
The Liberty Property Portfolio has diversified into the healthcare sector for the first time as it eyes the development of a R220-million 100-bed, 10 000 m2 hospital at the John Ross Eco Junction, in Richards Bay, KwaZulu-Natal. The group, which signed a 20-year...
Mar 23, 2015
JSE-listed Growthpoint Properties reported on Monday that its Property Point division had teamed up with South African capital growth property firm Attacq to further its business incubation programme. Through the agreement, Property Point would manage Attacq’s...
Mar 23, 2015
The Engineering Council of South Africa (ECSA) says proposed changes to the council’s registration process for engineering professionals and candidates will further align the South African engineering profession with international best practice and ensure conformity...
Mar 23, 2015
The establishment of a new loading and storage facility at the Port of Cape Town will ensure security of supply as demand for petroleum products in South Africa rises. This was the view of the National Energy Regulator of South Africa (Nersa), which, despite oil...
Mar 20, 2015
JSE-listed construction group Basil Read expects to report a loss a share of between 588c and 635c for the year ended December 31. This would be between 349% and 369% lower than the earnings a share of 235.9c recorded in 2013, owing to losses relating to contracts in...
 
 
 
 
Mar 20, 2015
JSE-listed resort hotel group Sun International plans to acquire gaming and hotel company Peermont Group, which owns Emperors Palace, in Gauteng, and Graceland, in Mpumalanga, for about R9.43-billion, as it seeks new growth opportunities. Sun International on Friday...
Mar 20, 2015
State-owned electricity utility Eskom reported on Friday that the control and instrumentation (C&I) works contract with Alstom at the Kusile power station project would be “consensually terminated” as from April 17, 2015. ABB South Africa had been selected to...
Mar 20, 2015
Holcim and Lafarge have agreed new financial terms and leadership to save their plans to create the world's biggest cement company, after the merger came to the verge of collapsing. The two agreed a new share-swap ratio of nine Holcim shares for every ten Lafarge...
Mar 20, 2015
Accéntuate has recovered well from the severe impact of the National Union of Metalworkers of South Africa (Numsa) strike in July, to produce pleasing results for the six months ended December 31, says CEO Fred Platt. Trading for the remaining five months proved...
Mar 20, 2015
The Green Building Council of South Africa (GBCSA) plans to have piloted 100 properties through its existing building performance (EBP) tool by the end of April.
Mar 20, 2015
NORBERT SASSE Sasse attributed the results to the significant growth in the Reit’s South African property portfolio and its strong performance
JSE-listed real estate investment trust (Reit) Growthpoint Properties recorded distribution growth of 7.5% to 84.4c a share in the six months ended December 31.
Mar 19, 2015
Article contains comments
President Jacob Zuma tours Koedoespoort rail-engineering facility
President Jacob Zuma has described Transnet's first domestic production of electric locomotives in partnership with a Chinese railways group as a “significant step” in the evolution of Transnet Engineering into an original equipment manufacturer. He has also revealed...
Mar 19, 2015
Article contains comments
Sunbird Energy executive chairperson Kerwin Rana
State-owned electricity utility Eskom has confirmed that it will enter into commercial negotiations with Sunbird Energy and PetroSA for the supply of indigenous natural gas from the Ibhubesi field, off South Africa’s west coast, to the diesel-sapping Ankerlig power...
Mar 19, 2015
JSE-listed construction major Group Five says its lawyers have advised it that there are “evidentiary hurdles” in two cases of alleged collusion referred to the Competition Tribunal by the Competition Commission. The commission on Tuesday referred a case of alleged...
Mar 18, 2015
Despite the “unique” risks paired with the development of Africa, such as political instability, changing government policies, complex legal regimes, volatile currencies and investment timeframe restrictions, real estate investors and developers continued to see...
 
 
 
 
Mar 18, 2015
juwi Renewable Energies South Africa MD Greg Austin
Renewable energy project specialist juwi Renewable Energies, which has participated in five South African utility-scale solar photovoltaic (PV) projects with a combined capacity of more than 120 MW, reports that it is gearing up to aggressively pursue embedded solar...
Mar 18, 2015
An artist's impression of One Airport Square, Ghana
With cities contributing about 70% of the world’s energy-related greenhouse-gas emissions, but only occupying 2% of land, sustainability has become one of the most significant drivers for growth, and would become entrenched in building design and occupier...
Mar 18, 2015
Africa has been included for the first time in the 36-year history of advisory firm PwC and nonprofit organisation Urban Land Institute’s 'Emerging Trends in Real Estate 2015' report. Speaking at a media briefing in Johannesburg, PwC global real estate leader Kees...
Mar 18, 2015
Cement makers Holcim and Lafarge, seeking to save their troubled merger, are discussing a new CEO appointment to the combined group that would see current Lafarge boss Bruno Lafont in a different role, sources said on Wednesday. When the deal was announced in April...
Mar 17, 2015
Key areas have to be unlocked to ensure that the Southern African Development Community’s (SADC’s) Regional Infrastructure Development Master Plan (RIDMP) – a guide to the development of seamless and cost-effective transboundary infrastructure – is successful. These...
Mar 17, 2015
The boards of Lafarge and Holcim met separately on Tuesday to try and salvage their merger to create the world's biggest cement firm, two sources said. Holcim called a halt to the deal on Monday, pressing for the price and management structure to be changed from the...
Mar 17, 2015
Mar 17, 2015
Article contains comments
Mar 17, 2015
Building materials supplier Iliad appears to be experiencing the upside of a 2013 decision to cull several lossmaking divisions, this week posting a dramatic 80% increase in headline earnings per share (HEPS) to 72.3c for the year ended December 31. The company’s...
Mar 16, 2015
JSE-listed Bell Equipment on Monday posted plunging earnings on the back of the continuing weakness and unpredictability of the resource-based economy and the delayed impact of protracted strikes and labour unrest. In addition to the “extremely challenging” global...
 
 
 
 
Mar 16, 2015
Inyatsi Construction Group has been awarded road and sewerage construction contracts in Southern Africa worth in excess of R1.3-billion, the company said on Monday. Inyatsi Roads Zambia was recently awarded a R82.75-million contract to upgrade and build the...
Mar 16, 2015
The Department of Tourism has issued a request for proposals from experienced tourism management agencies capable of operating and managing a tourist accommodation facility on behalf of the Valoyi Tribal Authority at Nwamitwa, in Limpopo. The Khalanga Guest Lodge,...
Mar 16, 2015
Capital growth fund Attacq lifted its net asset value per share (NAVPS) by 5.1% to R15.52 apiece in the six months ended December 31, 2014, after raising R640-million in cash from shareholders by way of a vendor placement to fund the acquisition of the Attacq...
Mar 16, 2015
Orascom Construction is planning to raise $1.95-billion in syndicated loans which will be used for the $3-billion first phase of a coal-fired power station in Egypt, the company said in a statement on Monday. Orascom and Abu Dhabi state fund International Petroleum...
Mar 16, 2015
A conflict between cement makers Lafarge and Holcim deepened on Monday as both groups acknowledged that the terms of their proposed merger of equals may have to be revised to reflect diverging valuations. The merger "can no longer be pursued in its present form",...
 
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