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Aug 01, 2014
Updated 1 hour 31 minutes ago Steel producer ArcelorMittal South Africa (AMSA) has confirmed that the reline project at its Newcastle mill, in KwaZulu-Natal, has hit snags and that the project, which was initially expected to be completed four months after the May 12 shutdown began, will be...
Aug 01, 2014
Updated 4 hours ago Human Settlements Minister Lindiwe Sisulu was considering the formation of a Women Construction Bank to focus on financing women-led cooperatives and construction companies involved in community infrastructure and human settlements projects. Delivering a keynote...
Aug 01, 2014
Marc Wainer
Updated 6 hours ago Redefine Properties CEO Marc Wainer has been appointed executive chairperson, succeeding Dines Gihwala, who resigned in June, citing personal reasons. Redefine FD Andrew Konig has been appointed CEO and a new FD will be recruited in due course.
Aug 01, 2014
A stormwater project in Bedforview, east of Johannesburg, has stalled for eight months after project managers in the Ekurhuleni municipality resigned and municipal managers were placed on special leave without designating replacements. Construction to reinforce the...
Aug 01, 2014
The design of the Beit Bridge border post is the biggest impediment to efficient freight movement between Zimbabwe and South Africa, says Cross-border Road Transport Agency CEO Sipho Khumalo. Beit Bridge is the busiest border post in Africa. A research study on the...
Aug 01, 2014
Industry body the Southern African Plastic Pipe Manufacturers Association (Sappma) is hosting the Pipes VIII Conference, which will take place on September 2, at the Bytes Conference Centre, in Midrand. “Several papers pertaining to this year’s theme, Plastic...
Jul 31, 2014
Independent, black-owned and managed investment holding company Southern Palace Properties has acquired an 8% stake in Growthpoint Properties from the Public Investment Corporation’s (PIC’s) Government Employees Pension Fund (GEPF) for R4.5-billion. Standard Bank...
Jul 31, 2014
Shareholders of JSE-listed real estate investment trusts (REITs) Octodec and Premium Properties have approved the proposed merger of the two companies, creating a combined property fund that will attract a market capitalisation in excess of R5-billion and comprise...
Jul 31, 2014
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Jul 30, 2014
Jul 30, 2014
Jul 30, 2014
 
 
 
Jul 29, 2014
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The Medupi power station project
Electricity producer Eskom has, for the first time, offered a detailed timeline for the synchronisation of Medupi Unit 6, which is officially scheduled for December 15, 2014. Addressing a joint meeting of the Portfolio Committees on Public Enterprises and Energy on...
Jul 29, 2014
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The Gauteng Department of Infrastructure Development (DID) has been allocated R4.9-billion to implement capital and maintenance projects, mainly for the health and education departments, in the province. Delivering her Budget Vote, on Tuesday, the MEC for...
Jul 29, 2014
Management, engineering and development consultancy Mott MacDonald said on Tuesday that it was providing the construction and operational monitoring, environmental assessments and independent water compliance auditing for the R1.8-billion Mamba cement plant project....
Jul 29, 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 28, 2014
Rob Davies
South Africa will use the upcoming US-Africa Leaders' Summit, which will also encompass the 2014 edition of the Africa Growth and Opportunity Act (Agoa) Forum, to appeal for a 15-year extension of the nonreciprocal trade arrangement, as well as South Africa’s...
Jul 28, 2014
Delta International has embarked on a programme that would see the recently reverse-listed property fund potentially acquire $250-million of assets across Africa. The Africa-focused group raised more than $87-million through a private placement to kick-start its...
Jul 28, 2014
Already home to the No 1 and No 2 Silo developments, the final phase of the Cape Town-based V&A Waterfront’s Silo district – which would see the addition of the No 3, No 4, No 5 and No 6 Silo projects – was on track for an early 2017 completion, after receiving...
Jul 28, 2014
Liquidators have now been appointed to wrap up the liquidation of financially distressed civil engineering group Protech Khuthele Holdings. Theodor Wilhelm van den Heever, Mark Abraham Christian, Irene Susan Ponnen and Mohamed Ismail Patel have been appointed to...
Jul 28, 2014
Basil Read CEO Neville Nicolau
Construction, mining, development and engineering group Basil Read on Monday announced the appointment of Neville Nicolau as CEO and executive director of the company as from September 1. Nicolau, a former CEO of Anglo American Platinum and a former COO and executive...
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
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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
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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
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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
An improved and formalised interface between the policymakers in water resources and research organisations such as the Water Research Commission (WRC) can enable the government to use the long-term and continuous research done by the WRC and its partners to generate...
Jul 24, 2014
Jeff Radebe
Cabinet approved the five-year Medium-Term Strategic Framework (MTSF) of government on Wednesday, which would serve as the “building block towards the 2030 vision in the National Development Plan (NDP)”. The MTSF, which covers the period 2014 to 2019, reportedly...
Jul 24, 2014
The liquidated Kyalami race circuit was bought by Porsche SA at auction for R205-million in Johannesburg on Thursday. The auction, which lasted only around one minute and 50 seconds, fetched the highest price for a single lot in South African history.
 
 
 
 
Jul 23, 2014
JSE-listed construction firm Group Five on Wednesday announced that it expected its fully diluted headline earnings per share (HEPS) for the year ended June 30 to be between 20% and 30% higher, at 382c to 414c, than the fully-diluted HEPS of 318c achieved during the...
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 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...
 
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