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Construction News

Company expands into the US

     15th September 2017 This year, rope and lifting technology specialist The PFEIFER Group’s opened another branch office in the US, in Houston, Texas, which will see the rope and lifting technology specialist continue to grow its business in conjunction with the group’s other US existing branch, which was launched in... 

Partnership to supply world-class chain slings in South Africa

     15th September 2017 Specialty steel products integrated producer Scaw Metals Group's operation, Distribution Network, has extended its cooperation with lifting, rigging and securement applications manufacturer Crosby by adding Crosby Platinum Line Grade 100 chain fittings to its product offering. Having made the... 

Partnership to supply world-class chain slings in South Africa
Photo by Bloomberg
FACILITY REVAMPED Scaw Metals Group has expanded its chain-manufacturing factory

New retail development to open in Walvis Bay

By: Mia Breytenbach     15th September 2017 The new R500-million Dunes Mall in Walvis Bay, Namibia, is in the final stages of completion, with its doors set to open next month. The mall is developed by South African property developer and investor Atterbury, in partnership with local developers Tradehold. 

New retail development  to open in Walvis Bay
SIZING UP The new 27 500 m2 Dunes Mall in Walvis Bay, will be the largest in the area and the second largest in Namibia

Welding Alloys South Africa

By: Zandile Mavuso     15th September 2017 As one of the market leaders in providing engineered solutions to combat wear, welding consumables manufacturer Welding Alloys South Africa (WASA) has been manufacturing welded composite overlay material since 1976. With eight automated welding stations, WASA is currently one of the largest... 

Welding Alloys South Africa

WBHO upbeat about UK market potential following Byrne acquisition

By: Irma Venter     15th September 2017 A problematic Australian contract and a payment in accordance with a settlement agreement between government and the local construction sector following an investigation into collusion have seen profits slip at JSE-listed construction group Wilson Bayly Holmes-Ovcon (WBHO). The group earlier this... 

Cloud-based security solutions to be part of building management systems

By: Schalk Burger     15th September 2017 Building security solutions will converge with information technology (IT) infrastructure, enterprise applications and external systems, becoming an Internet of Things to deliver more than perimeter surveillance, authentication and protection of assets and people, says converged IT systems firm... 

Barloworld celebrates 90-year Caterpillar milestone

By: Dylan Slater     15th September 2017 Barloworld Equipment, which is the distributor and service supplier of US earthmoving equipment manufacturer Caterpillar, celebrated a 90-year partnership with Caterpillar in South Africa at the end of last month.  

Frustration as Nersa postpones closed hearing into wind body’s Eskom complaint

By: Terence Creamer     14th September 2017 The South African Wind Energy Association (SAWEA) has expressed frustration over a decision by the National Energy Regulator of South Africa (Nersa) to postpone a hearing into its 11-month-old complaint into the refusal of Eskom to sign agreements to buy electricity from independent power... 

Frustration as Nersa postpones closed hearing into wind body’s Eskom complaint

Dawn to sell stake in GDW

By: Creamer Media Reporter      14th September 2017 JSE-listed Distribution and Warehousing Network’s (Dawn’s) share price rose by 21% on Thursday morning after the company confirmed that it would sell its 49% interest in Grohe Dawn Watertech (GDW) to Lixil Corporation, which owns the other 51% of GDW. The sale follows the announcement in July... 

Dawn to sell stake in GDW
Dawn CEO Edwin Hewitt and Lixil CEO Kinya Seto

Cape Town identifies inner city housing sites for lower income families

By: News24Wire      14th September 2017 The City of Cape Town identified 11 central sites it owns that would be set aside for affordable, social and transitional housing initiatives. Mayor Patricia de Lille on Wednesday said the goal was to reverse the effects of apartheid spatial planning, forced removals and gentrification. 

Attacq FY17 HEPS increase 92% y/y

By: Anine Kilian     12th September 2017 JSE-listed Attacq’s diluted headline earnings per share increased by 92% to 22.8c for the year ended June 30, while vacancies across its retail and office portfolios rose. Basic earnings per share increased to 23c from 12c, while profit for the year fell by 56.7% to R600-million. 

Task team set up to address lack of adherence to local-content regulations

By: Terence Creamer     12th September 2017 Trade and Industry Minister Dr Rob Davies reports that a task team has been established to assess how to improve local-content enforcement across government departments and the State-owned companies (SoCs) in line with instruction notes issued by the National Treasury. The instruction notes... 

Task team set up to address lack of adherence to local-content regulations
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Energy department moots loans to pay for electricity infrastructure maintenance

By: African News Agency      12th September 2017 The department of energy on Tuesday proposed a new model of finding additional funding for electricity infrastructure maintenance but it was met with little enthusiasm from Eskom and the National Energy Regulator of South Africa. As explained to the portfolio committee on energy by the... 

SKA Africa partner countries to collaborate on radio astronomy

By: Mia Breytenbach     8th September 2017 Following the conclusion of the fourth Ministerial meeting of the Square Kilometre Array (SKA) Africa partner countries in Accra, Ghana, last month, members of the nine countries, represented by their science and technology Ministers and Deputy Ministers, signed a memorandum of understanding to... 

SKA Africa partner countries to collaborate on radio astronomy
PROJECT REVIEW The Square Kilometre Array Africa partner countries reviewed the African SKA, the African Very Long Baseline Interferometry Network, and the Big Data Africa initiative

Edible-oil refinery gives grape seed industry a boost

By: Robyn Wilkinson     8th September 2017 Engineering firm First Ocean completed the commissioning of a small-scale edible oil refinery on time and within the budget, adding value to the local grape seed industry in Somerset West, in the Western Cape. 

Edible-oil refinery gives grape seed industry a boost
Photo by Bloomberg
ENHANCING LOCAL INDUSTRY The new refinery will contribution to the economic growth of Somerset West by further enhancing the well-established grape industry in the region

Contract awarded for Kenya’s first expressway

By: John Muchira     8th September 2017 US company Bechtel International has been awarded the construction contract for Kenya’s first expressway, which has been dubbed one of the most important new pieces of infrastructure in the East African Community region. The 473 km high-speed expressway, connecting Nairobi, the country's capital,... 

Public transport efficiency seen as key to scaling up user base

By: Dylan Slater     8th September 2017 More efficient public transport would not only go a long way towards attracting a larger user base, thereby reducing car owners’ reliance on private vehicles for their transport needs, but also assist in decreasing the prevalent trend of cars being used predominantly by one person, says... 

Lossmaking Basil Read pushing ahead with ‘extensive restructuring’

By: Irma Venter     8th September 2017 Construction and engineering group Basil Read has announced a R458.8-million operating loss for the six months ended June 30, compared with a R73.4-million profit for the same period last year. Revenue from continuing operations declined from R2.5-billion, to R2.27-billion. 

SA’s export strategy aims to boost capacity for value-added goods, services trade

By: David Oliveira     8th September 2017 South Africa's Department of Trade and Industry's (DTI's) Integrated National Export Strategy (INES) to help improve the global competitiveness of South African exporters and tap the export-led economic growth benefits that have flowed to other developing countries in recent decades. The strategy... 

SA’s export strategy aims to boost capacity for value-added goods, services trade

Low-skilled labour plan could provide solution to unemployment challenge

By: David Oliveira     8th September 2017 Industrial research and development engineering company Greville Wood Developments (GWD) is awaiting funding to recreate a 1986 manufacturing proof study and farming plan, called the Warrenton Plan, which could collectively create about 2 300 jobs in Warrenton, in the Northern Cape, then rolled... 

Partnerships remain key to social housing development

By: Natasha Odendaal     7th September 2017 With access to affordable housing a growing problem in South Africa, the Department of Human Settlements (DHS) on Thursday called on the private sector to partner with government to come up with solutions and to “play their part” in eliminating social housing challenges. Speaking at the ninth... 

Sanral reveals cause of N3 pedestrian bridge collapse

By: Anine Kilian     6th September 2017 The collapse of the Geldenhuys pedestrian bridge on the N3 last month was caused by an impact force on the pier in the median of the highway, an investigation commissioned by the South African National Roads Agency Limited (Sanral) has established.   An independent investigation into the incident... 

Italtile board gives go-ahead for buyout of Ceramic Industries

By: Creamer Media Reporter      6th September 2017 The board of JSE-listed Italtile is satisfied that the acquisition of Ceramic Industries (CIL) and Ezee Tile Adhesive Manufacturers can proceed, notwithstanding the condition imposed by the Competition Tribunal. The tribunal in August approved the acquisition on the condition that Italtile... 

Stor-Age enters UK market with R1.3bn acquisition

By: Creamer Media Reporter      5th September 2017 JSE-listed real estate investment trust Stor-Age will acquire a 97.3% interest in UK self storage operator Storage King for R1.3-billion. The acquisition is in line with Stor-Age’s stated strategy of targeting international self storage markets with attractive growth potential to complement its... 

Fairvest FY17 distributions up 10% y/y

By: Anine Kilian     5th September 2017 JSE-listed real estate investment trust Fairvest Property has grown its distributions by 10.04% year-on-year to 18.33c a share for the financial year ended June 30, exceeding market guidance. Distribution growth has been higher than 10% for the fourth consecutive year.  

WBHO sees challenging Australian project, settlement agreement sip from the profit cup

By: Irma Venter     5th September 2017 A problematic Australian contract and a payment in accordance with a settlement agreement between government and the local construction sector following an investigation into collusion have seen profits slip at JSE-listed construction group Wilson Bayly Holmes-Ovcon (WBHO). The group on Tuesday... 

WBHO sees challenging Australian project, settlement agreement sip from the profit cup
Photo by Duane Daws
WBHO CEO Louwtjie Nel

IDT awarded R170m contract to build facilities at Eastern Cape school

By: Natasha Odendaal     5th September 2017 The Department of Education has tasked the Independent Development Trust (IDT) with the construction of the boarding facilities for the Ntsonkhotha senior secondary school, in Lady Frere, Eastern Cape, over the next three years. The R170-million contract comprises the construction of a dormitory,... 

Texton geared for tough year ahead

By: Natasha Odendaal     4th September 2017 JSE-listed Texton Property Fund is battening down the hatches and tightening its defensive strategy in a tough market that is only set to get tougher. Despite increasing uncertainty facing both the South African and UK markets, the real estate investment trust (Reit) is optimistic that it can... 

Texton geared for tough year ahead
Photo by Duane daws
Texton CEO Nosiphiwo Balfour

PPC receives two other indicative merger proposals as AfriSam submits revised offer

By: Anine Kilian     4th September 2017 AfriSam has submitted a revised merger proposal to PPC, while a regional unit of Fairfax Africa Investments has offered to buy R2-billion of PPC shares, subject to PPC shareholders agreeing to the merger with AfriSam.   PPC on August 25 announced that merger negotiations between itself and... 

PPC receives two other indicative merger proposals as AfriSam submits revised offer

Caution creeps in as renewables industry digests implications of 77c/kWh tariff cap

By: Terence Creamer     4th September 2017 South Africa’s solar photovoltaic (PV) and wind industry bodies have added a degree of caution to their initial positive reactions to an announcement by Energy Minister Mmamoloko Kubayi regarding the signing of power purchase agreements (PPAs) for 26 renewable-energy projects that have been on... 

Caution creeps in as renewables industry digests implications of 77c/kWh tariff cap
Photo by Duane Daws
Energy Minister Mmamoloko Kubayi (in the centre) at the September 1 renewables IPP announcement in Pretoria

Texton reports marginal drop in dividends in FY17

By: Natasha Odendaal     4th September 2017 JSE-listed Texton Property Fund on Monday declared a dividend of 102.8c a share for the year ended June 30, representing a 0.8% drop on the 103.68c declared the year before. In terms of the rebased dividend a share, this represented a 6% increase on the recorded 96.99c rebased dividend a share in... 

Advocates want inquiry into 'illegal, dubious developments' in Durban

By: News24Wire      4th September 2017 Advocates for Transformation (AFT) in KwaZulu-Natal have entered the fray on the issue of "illegal building developments" in Durban, calling on the eThekwini Municipality to take urgent steps to establish a commission of inquiry into "the proliferation of dubious developments" in the city and its... 

Hyprop’s South-Eastern Europe fund eyes possible dual listing

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday said progress was being made in the potential dual-listing of its 60%-owned UK-based Hystead subsidiary, which holds all of Hyprop’s South-Eastern Europe assets, by the first half of 2018. Hystead is eyeing additional listings on the Johannesburg and Luxembourg bourses... 

Grayston bridge collapse inquiry to resume at end of September

By: African News Agency      1st September 2017 The Department of Labour inquiry into the collapse of the temporary bridge structure on Johannesburg’s M1/Grayston Drive, which left two people dead and 19 others injured, will resume later this month. In a statement on Friday, the department said the inquiry would finally in Pretoria on... 

Texton appoints new CFO

By: Creamer Media Reporter      1st September 2017 Inge Pick has been appointed CFO and executive FD of Texton Property Fund, effective September 18. She is a qualified chartered accountant and has a wealth of financial and strategic management experience at a senior level in the real estate investment trust (Reit) sector. 

Hyprop lifts distributions in FY17

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday posted a 12.1% hike in dividend to 695.1c a share for the financial year ended June 30. The real estate investment trust reported that distributable earnings benefited from the inclusion of R101.8-million in income from the investments in South-Eastern Europe, up from... 

Master Builders South Africa’s yearly congress to unpack construction industry challenges

By: Creamer Media Reporter      1st September 2017 Under this year’s theme of Building South Africa Together, the yearly Master Builders South Africa (MBSA) Congress aims to tackle economic transformation in the South African construction sector and the impact of ratings downgrades on the development and the future of the industry. Now it its... 

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