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Dec 17, 2014
South African cement firm PPC on Wednesday named a mining industry veteran as chief executive, ending a three-month leadership vacuum that has hit its shares. PPC's former CE Ketso Gordhan abruptly resigned in September after clashing with the board. He then...
Dec 17, 2014
The battle for the assets cement firms Lafarge and Holcim must sell to get the go-ahead for their merger will likely be between three groups, several people familiar with the matter said. The three groups expected to hand in binding bids by a mid-January deadline...
Dec 12, 2014
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...
Dec 12, 2014
MEDUPI BOILERS Mitsubishi Hitachi Power Systems Africa took over the boiler contacts that were awarded to Hitach
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...
Dec 12, 2014
Construction resources and aggregates company Lafarge Ash Resources aims to have fly ash exempted from the National Waste Management Amendment Bill’s classification as hazardous waste. This exemption will improve the sustainability of construction materials and...
Dec 12, 2014
FAZEL MOOSA The benefit of any form of infrastructure is the value that it adds to the community around it
Financial services provider Investec says it has gained invaluable experience through its funding of a Mozambican power generation project, the Kuvaninga Energia project, which reached financial close in December 2013 and is scheduled for commercial operation in the...
Dec 12, 2014
TINA JOEMAT PETTERSSON Government has held two nuclear vendor parade workshops
Government last month announced that it had successfully concluded the second nuclear vendor parade workshop with delegations from China, France, South Korea and the US, in its bid to source experienced nuclear energy partners to help with South Africa’s nuclear...
Dec 12, 2014
VALVES Importing companies account for about 80% of the jobs in the valves industry
Local valve importer CMO Africa says the government regulation, which stipulates that 70% of valves used in State projects be manufactured in-country, will lead to the demise of the valves import industry. CMO Africa MD Mark Bowden told Engineering News at the Mining...
Dec 12, 2014
Dec 12, 2014
Dec 12, 2014
Dec 11, 2014
 
 
 
Dec 11, 2014
Murray & Roberts (M&R) Infrastructure has been awarded a contract by the North West provincial government’s Department of Public Works and Roads to upgrade 58.4 km of gravel roads in the Ganyesa area, north-west of Vryburg, by May 2016.
Dec 11, 2014
A stretch of the N3 highway between Durban and Johannesburg will be upgraded, starting in the middle of 2015, in a contract valued at around R400-million, says South African National Roads Agency Limited (Sanral) Eastern Region design and construction manager Ravi...
Dec 11, 2014
Oil-rich Angola's sovereign wealth fund has set aside $1.6-billion to back infrastructure and hotel projects across sub-Saharan Africa, though falling energy prices could slow future flows of new money into its coffers. In an investment update for the three months to...
Dec 11, 2014
The International Monetary Fund (IMF), which expects the South African economy to grow by only 2.1% in 2015, warns that even this “lackluster” outlook carries considerable downside risks, with the country’s high current account deficit “reflecting persistent...
Dec 10, 2014
JSE-listed capital growth fund Attacq has successfully raised R640-million through an accelerated bookbuild after originally seeking to raise around R500-million to acquire the remaining 18.8 % of its key asset, the Waterfall pipeline, and take full control of the...
Dec 10, 2014
Shares in cement producer PPC rose nearly 4% on Wednesday afternoon after the JSE-listed group received a conditional, nonbinding proposal from construction materials group AfriSam to merge the two entities. The cement maker, which had been hit by instability after...
Dec 08, 2014
Lafarge Africa will make an offer on Wednesday worth about $122-million to buy out minority shareholders in its Nigerian business Ashaka Cement. The offer follows the $1.35-billion merger of Lafarge Africa's Nigerian and South African businesses, which received...
Dec 08, 2014
Becoming the twentieth company and the seventh real estate investment trust (REIT) to join the Johannesburg bourse this year, property investment and development fund the Pivotal Fund has officially listed on the main board of the JSE. The Monday listing brought the...
Dec 08, 2014
Article contains comments
A ministerial medical task team appointed by the minister of defence has made recommendations on how to improve the country's three military hospitals, the department said on Monday. The task team, consisting of nine independent health care professionals, looked at...
Dec 08, 2014
Article contains comments
Besides tenders for cruise terminals at the Cape Town and Durban harbours, Transnet National Ports Authority (TNPA) plans to release a series of request for proposals (RFPs) in the coming months for terminal prospects at a number of the country’s commercial ports. As...
 
 
 
 
Dec 05, 2014
Human Settlements Minister Lindiwe Sisulu announced that government is planning to build 1.5-million houses in the next five years and has put new initiatives in place to improve the relationship between government and the private sector, which she hopes will help...
Dec 05, 2014
Remember the good times when construction and construction-related companies listed on the JSE, one after the other, and their share prices immediately surged upwards? The 2010 Soccer World Cup was coming and the outlook for brick and mortar was rosy. The boom of the...
Dec 05, 2014
Construction company Group Five says its strategy is strongly focused on expansion in Africa, with selected projects in Russia and Northern America also possibly on the horizon. Outgoing CEO Mike Upton says the South African construction industry saw what appears to...
Dec 05, 2014
Article contains comments
Business Partners Limited has launch a R150-million Education Fund to provide existing and aspiring entrepreneurs in the educational sector with the risk capital and mentorship required to pursue projects. “Education remains a major challenge in South Africa and has...
Dec 05, 2014
Human Settlements Minister Lindiwe Sisulu announced that government is planning to build 1.5-million houses in the next five years and has put new initiatives in place to improve the relationship between government and the private sector, which she hopes will help...
Dec 04, 2014
Freight logistics utility Transnet signed a memorandum of understanding (MoU) with locomotives manufacturer CSR Zhuzhou Electric Locomotive (CSR) on Thursday, which could open the way a manufacturing investment by the Chinese group in South Africa. CSR, which...
Dec 04, 2014
The Competition Tribunal on Wednesday confirmed the R149 429.31 collusion settlement agreement between the Competition Commission and Giuricich Coastal Projects. The construction company had admitted to colluding with competitors on a 2008 project for the...
Dec 02, 2014
Infrastructure spend in sub-Saharan Africa would grow from $70-billion in 2013 to $180-billion by 2025, said PwC capital projects and infrastructure Africa leader Jonathan Cawood on Tuesday. This was one of the findings of PwC’s Capital Projects & Infrastructure...
Dec 02, 2014
AMSA CEO Paul O’Flaherty
ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty has committed the group to dealing with its “legacy” environmental problems “openly and transparently”, while still pushing ahead with its “fill the mills” strategy, designed to lift production and reverse five...
Dec 01, 2014
The World Bank said on Saturday it will loan East African nations $1.2-billion to improve inland waterways and ports in Kenya and Tanzania, as part of efforts to boost integration in the region. The bank said the funds will be used to revive inland waterways on Lake...
 
 
 
 
Nov 28, 2014
Themba Mkhwanazi
Anglo American Inyosi Coal and Eskom “are broadly aligned” regarding Eskom’s empowerment imperatives for the New Largo project, Anglo American coal business in South Africa CEO and Anglo American Inyosi Coal chairperson Themba Mkhwanazi reported on Friday. In a...
Nov 28, 2014
JSE-listed openpit mining and materials company Afrimat has reported a 10.5% increase in revenue for the six months to August 31, to R1-billion, while profit after tax jumped 17.9%, to R88.8-million, compared with the same period last year. Full-year revenue for the...
Nov 28, 2014
Technology solutions company Tenova Mining & Minerals South Africa has been awarded a contract by State-owned freight transport utility Transnet to supply three reverse pulse bag filters. Two of the filters are to be installed on multiproduct rail tipplers and one on...
Nov 28, 2014
POWER EQUIPMENT The SPX bolting system ensures accurate torque and tension levels on every bolt
Precision and hydraulic special service equipment manufacturer Power Team says its SPX bolting system, which it supplies to contracting companies in the South African wind energy sector, enables these companies to significantly increase windmill erection speed,...
Nov 28, 2014
ON THE MOVE The towers for the turbines necessitate their transportation in three or four segments
International heavy-lift and plant relocation specialist engineering firm Vanguard provided the transportation and erection services for nine 3 MW Sinovel wind turbines for the Van Stadens wind farm project, in the Eastern Cape, says Vanguard MD Bryan Hodgkinson. The...
Nov 28, 2014
WIND POWER Aggreko provides support services across the full life-cycle of both on- and offshore wind farms
In its endeavour to support the country’s drive to propel the use of wind farms as sources of generating green renewable energy, temporary power and temperature-control solutions supplier Aggreko supplied nine 60 kVA generators to the precommissioning of the wind...
Nov 28, 2014
All development policies in Mozambique are focused on two major issues: poverty reduction and social and economic infrastructure development. This was recently affirmed by the Rector of Mozambique's Higher Institute of International Relations, Dr Patricio José....
Nov 27, 2014
Article contains comments
South Africa’s Finance Minister Nhlanhla Nene
South Africa’s Finance Minister Nhlanhla Nene has emphasised the role of the private sector in delivering the 51 Programme for Infrastructure Development in Africa (Pida) projects, collectively valued at $68-billion, being prioritised for implementation by 2020....
Nov 27, 2014
A roads project on the N4 that took 42 months to complete instead of 30, had cost Esor dearly, said CEO Wessel van Zyl on Thursday as he unveiled the construction group’s financial results for the six months ended August 31 in Johannesburg. The total loss over the...
Nov 27, 2014
Article contains comments
Solidarity CEO Dirk Hermann
Trade union Solidarity, which has 7 000 members working at Eskom, is urging the State-owned utility to abandon its voluntary-severance offer to employees and focus instead on rebuilding staff morale as part of a broader effort to improve the currently dire outlook...
 
 
 
 
Nov 26, 2014
Article contains comments
Professor Anton Eberhard
The Department of Energy (DoE) confirmed on Wednesday that the second nuclear vendor parade workshop, which took place at a venue in the Drakensberg, had been concluded with delegations from China, France, South Korea and the US. The first such workshop, which was...
Nov 25, 2014
Although the year had started off with a lot of promise, the 2014 financial year had proved to be a tough one for most construction companies, PwC partner Andries Rossouw said on Tuesday. He said that, at the start of the year, construction companies had strong order...
Nov 25, 2014
Tanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday. Cement consumption is viewed as a barometer for construction...
Nov 25, 2014
Article contains comments
Medupi project site
Electricity utility Eskom has confirmed a likely further, albeit modest, slippage in the schedule for first synchronisation of Medupi Unit 6, which was scheduled for December 24, 2014. The delay is the latest in several to afflict the project, which has faced...
Nov 25, 2014
Article contains comments
Eskom CEO Tshediso Matona
State-owned electricity utility Eskom is forecasting a dramatic slump in profitability for the full-year to March 31, 2015, with CEO Tshediso Matona indicating that its profit is likely to fall to R500-million in 2014/15 from nearly R7.1-billion in 2013/14. Releasing...
 
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