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Sep 03, 2015
Updated 3 hours ago Aveng has concluded the sale of the majority of its South African properties to Imbali Props 21 Proprietary, a commercial property development and investment company within the Collins Property Group, for R1.127-billion. In terms of the transaction, Aveng disposed of...
Sep 02, 2015
The Atholl Towers office development, in Johannesburg, received a 5-Star Green Star SA Rating from the Green Building Council of South Africa (GBCSA) for its energy and water saving initiatives. This included optimised air conditioning, a central heat recovery system...
Sep 02, 2015
Next year’s local government elections will be the most important ever held in South Africa’s recent democratic history, believes political analyst Daniel Silke. He says a more vulnerable, fragile ANC faces a shifting political landscape, and along with it, increased...
Sep 01, 2015
Eqstra Contract Mining Division CEO Justin Colling
JSE-listed Eqstra’s embattled contract mining and plant rental division is showing signs of recovery and is nearly ready to look after itself, the unit’s new CEO Justin Colling said on Tuesday. The division plunged into turmoil last year, dragging its parent’s...
Sep 01, 2015
Article contains comments
Moe Shaik
Megaprojects are often over budget and delayed and project planning is a crucial element in ensuring the successful delivery of such projects.
Sep 01, 2015
JSE-listed real estate investment trust (Reit) Hyprop achieved a 15% increase in total distributions to 543c a share for the 2015 financial year. Revenue and distributable earnings from investment property increased by 11.9% and 14.5%, respectively, while net asset...
Sep 01, 2015
Article contains comments
Aug 31, 2015
Article contains comments
Nigerian businessperson Aliko Dangote
Africa's richest man, Nigerian Aliko Dangote, said on Monday he would build a cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment. The billionaire, whose business empire includes Dangote Cement, also told...
Aug 31, 2015
Aug 31, 2015
Aug 31, 2015
Aug 31, 2015
 
 
 
Aug 28, 2015
Three of home improvement company Illiad’s major shareholders – Sanlam, Visio and Coronation, which held 69.25% – have agreed to vote in favour of a takeover by Steinhoff, with the company’s remaining shareholders to vote on the deal on September 29. Seventy-five per...
Aug 28, 2015
New service level standards have been introduced to improve the performance of housing contractors appointed by the Gauteng Department of Human Settlements. The move formed part of the department’s turnaround strategy, aimed at improving contractors’ performance and...
Aug 28, 2015
Neville Nicolau
Construction group Basil Read on Friday reported that it had returned to profit, but CEO Neville Nicolau also noted that cash was tight, and that there were concerns about finding replacement contracts for the large-scale St Helena Airport job. The first commercial...
Aug 28, 2015
The first applications for protection on several steel products were approved on Friday, with Trade and Industry Minister Dr Rob Davies confirming that duties across eight tariff subheadings would be increased to the World Trade Organisation bound rate of 10%....
Aug 28, 2015
Article contains comments
Spanish technology group Abengoa has announced that it has been awarded a $25-million contract by South Africa’s State-owned electricity utility Eskom for the construction of two 400 kV transmission lines spanning 174 km. The company, which is building large-scale...
Aug 28, 2015
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Aug 28, 2015
Construction company Group Five’s operating profit dropped 43% for the year ended June 30, with the sharp decline largely the result of a R224-million loss at a power project in the Eastern Cape, as well as the weak performance of the company’s Engineering and...
Aug 28, 2015
GAS TIGHT The monitoring of gases in a dust-free laboratory is essential to ensure the safety and health of laboratory personnel and the outcomes of experiments
Monitoring, adjusting and evacuating different gases in sophisticated laboratories is becoming increasingly important to ensure that detailed experiments are conducted safely, says gas products company African Oxygen Limited (Afrox).
Aug 28, 2015
Aveng chairperson Mahomed Seedat on August 18 opened the Aveng results presentation in Johannesburg by noting that the board was “very disappointed” with the “less than satisfying results” delivered by the construction group for the year ended June 30. He said the...
Aug 27, 2015
Article contains comments
South African water utility Rand Water’s Sedibeng Regional Sanitation Scheme will be undergoing major upgrades to unlock residential and business developments in the Vaal area, as well as parts of the south of Johannesburg, the Gauteng provincial Department of Human...
 
 
 
 
Aug 27, 2015
The Johannesburg Roads Agency (JRA) will spend R99-million to improve and maintain road infrastructure in the city’s B region. The B region included relatively developed suburbs such as Windsor, Albertville, Blairgowrie, Bryanston, Bosmont, Coronationville, Cresta,...
Aug 27, 2015
Engineering and construction group Murray & Roberts (M&R) says it has no intention of shifting its strategy away from the international natural resources market, notwithstanding the prevailing weak climate for commodities and a bleak immediate outlook. Speaking to...
Aug 26, 2015
Dangote Cement on Wednesday signed a $4.34-billion worth of contracts with China's Sinoma International Engineering Co. to build cement plants across Africa, as Nigeria's largest listed firm expands. The company, majority-owned by Africa's richest man Aliko Dangote,...
Aug 26, 2015
Murray & Roberts CEO Henry Laas
Construction group Murray & Roberts (M&R) reported a fall in earnings, revenues and orders during the year to June 30, 2015, and warned that earnings would remain under pressure during 2016, owing to a subdued global economy, weak demand for commodities and low fixed...
Aug 26, 2015
Despite an “extremely tough operating environment”, characterised by a weak economy, the electricity and commodity crisis, job losses, labour unrest and low consumer confidence levels, Growthpoint Properties posted distribution growth of 7.5% for the year ended June...
Aug 26, 2015
The headline earnings of JSE-listed Tower Property Fund increased to R125-million in the financial year ended May 31, up from the R98.3-million reported the year before. The company noted that, despite an increasingly difficult trading environment, it “performed...
Aug 26, 2015
The KwaZulu-Natal public and private sectors have no control over turbulence in international markets, currency depreciation and difficult trading conditions but will focus on what is within their reach – the delivery of key projects and developments that will boost...
Aug 25, 2015
General and specialised building materials provider Iliad has lifted group earnings before interest and taxes to R59.2-million for the six months ended June 30, from R58.7-million in the first half of the prior year, realising upside from stringent cost control and...
Aug 25, 2015
Article contains comments
New Ministerial determinations creating the framework for the procurement of additional renewable-energy, gas and cogeneration capacity from independent power producers (IPPs) have been published in the Government Gazette. The determinations are in line with...
Aug 25, 2015
Construction major Basil Read expects earnings a share for the six months ended June 30 to increase by between 111% and 131% on that of the first half of the prior year, swinging from a 145.75c loss a share to earnings of between 16c and 45c apiece. The company...
 
 
 
 
Aug 21, 2015
While ARB Holdings’ lighting division delivered a strong performance in the financial year to June 30, the JSE-listed group’s full-year earnings growth has been hampered by its electrical division’s continued battle with headwinds. The group’s headline earnings a...
Aug 21, 2015
Germany-based cable manufacturer Helukabel has introduced advanced cables, with the ability to maintain their function integrity for up to two hours in a fire, into the local market. The new Helufire PH30/120 cables are specifically used for fire alarm and emergency...
Aug 21, 2015
Two months after the start of a R100-million-plus upgrade to the 54-year-old Kyalami race track, the project is running according to plan, says Kyalami Grand Prix Circuit spokesperson Christo Kruger. The new circuit layout has become visible and the extent of the...
Aug 21, 2015
Owing to local companies’ commitment to legally comply with safety standards, power management company Eaton aims to increase market awareness of its intelligent addressable fire systems this year, states Eaton Africa business development manager Neil Primrose....
Aug 21, 2015
As concrete is the preferred material for the new concrete bus lanes for the Ekurhuleni integrated rapid public transport network (IRPTN) currently under construction on Gauteng’s East Rand, cement and concrete industry body The Concrete Institute (TCI) has played an...
Aug 21, 2015
LAYING THE FOUNDATION Umsobomvu local municipality mayor Nombulelo Hermans at the Noupoort Wind Farm site
The construction of the first 14 wind turbine foundations for the Noupoort Wind Farm in the Umsobomvu local municipality, in the Northern Cape, was completed last month, with the remaining 21 foundations expected to be completed by the end of the year.
Aug 20, 2015
Article contains comments
South Africa's only nuclear reactor at Koeberg, in the Western Cape
Lobby group the Manufacturing Circle has become the latest business organisation to voice reservations about the South African government’s intention to proceed with a large-scale nuclear energy programme, describing any reliance on “old-style nuclear reactors to...
Aug 20, 2015
The eThekwini Municipality has given a R101-million cash injection for the completion of the first phase of the Cornubia housing project. Head of Communications Tozi Mthethwa said on Wednesday the decision was taken during an executive meeting on Tuesday.
Aug 20, 2015
Aug 19, 2015
Emira outgoing CEO James Templeton
JSE-listed Emira Property Fund on Wednesday reported distributions per participatory interest (PI) of 134.27c – a distribution growth of 9% – for the 12 months to June 30. Emira’s net asset value increased by 15.9% to R17.51/PI and it achieved a distributable income...
 
 
 
 
Aug 18, 2015
Article contains comments
Kobus Verster
Aveng chairperson Mahomed Seedat on Tuesday opened the Aveng results presentation in Johannesburg by noting that the board was “very disappointed” with the “less than satisfying results” delivered by the construction group for the year ended June 30. He said the...
Aug 17, 2015
Construction has started on a three-storey four-star green office block in the R6-billion Baywest City development. The office block inside the Baywest City precinct, in Port Elizabeth’s western suburbs, signalled the wide-ranging roll out of development at the...
Aug 17, 2015
Article contains comments
Eric Vemer
Group Five on Monday reported a 43% drop in operating profit for the year ended June 30. The sharp decline was largely the result of a R224-million loss at a power project in the Eastern Cape, as well as the weak performance of the company’s Engineering and...
Aug 17, 2015
Cape Town’s new independent fuel storage, distribution and loading facility, in addition to a petroleum pipeline, will become operational in the first quarter of 2017, as the 18-month construction starts in a few weeks. Burgan Cape Terminals planned to start ground...
Aug 17, 2015
Lifting and materials handling solutions company Terex Corporation and cranes and lifting equipment manufacturer Konecranes will merge, pending shareholder approval. The merger, which had been approved by both companies’ boards, would be carried out in a...
 
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