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Construction News

Zambia urges South African firms to invest in public projects

By: Reuters     21st June 2018 Zambia's finance minister urged South African firms to invest in roads and power plants in Africa's No.2 copper producer after it suspended borrowing indefinitely, slowing down the accumulation of new debt amid worries about the risk of distress. The International Monetary Fund rejected Zambia's... 

Western Cape govt identifies 7 possible affordable housing sites

By: News24Wire      21st June 2018 At least seven vacant plots have been identified as "possible sites for social and affordable housing" in Cape Town's southern suburbs, including Parkwood, Lotus River and Retreat. The announcement was made by Thando Mguli, head of the Western Cape Department of Human Settlements, GroundUp... 

Basil Read applies for suspension of listing

By: Reuters     20th June 2018 South African construction firm Basil Read Holdings said on Wednesday it had applied to the Johannesburg Stock Exchange for the voluntary suspension of the listing of its shares after a key unit started business rescue proceedings. The cash-strapped company announced on Friday that Basil Read... 

Basil Read applies for suspension of listing

‘Prudent’ consolidation positions Accelerate for future growth – COO

By: Nadine James     20th June 2018 JSE-listed Accelerate Property Fund on Wednesday posted stable financial results for the year ended March 31, reporting a 57.56c a share distribution, in line with guidance. Since listing on the JSE in December 2013, the company’s portfolio has grown from about R5-billion to R12.3-billion,... 

Sephaku warns of lower FY earnings

By: Nadine James     20th June 2018 Sephaku Holdings on Wednesday advised shareholders that the company earnings for the 2018 financial year, ended March 31, are expected to be between 32% and 40% lower than the R68-million reported for 2017 financial year. Sephaku attributed the decrease in earnings to poor performances from its... 

Energy forum panelists reiterate need for regional integration in Africa

By: Marleny Arnoldi     20th June 2018 A panel of speakers at the 2018 Africa Energy Forum, in Mauritius, on Wednesday, agreed that Ministers of energy in Africa and other stakeholders should focus on regional power integration, and what would work accordingly, rather than debating country-specific suitable energy resources and... 

Attacq appoints new CEO, CFO

By: Simone Liedtke     19th June 2018 JSE-listed Attacq has appointed Melt Hamman CEO and Raj Nana CFO and executive director, with immediate effect. “After a rigorous process we are delighted to permanently appoint Melt as the CEO. Melt has provided the team with clear direction and guidance as interim CEO and has a strong history... 

Afrimat Construction Index reflects downward trend in construction activity in Q1

By: Simone Liedtke     19th June 2018 It is concerning that the construction sector – South Africa’s most labour-intensive sector in terms of labour/capital ratios – is not growing, said economist Dr Roelof Botha on Tuesday at the release of the Afrimat Construction Index (ACI) for the first quarter. The ACI, compiled by Botha on... 

Renewables, decentralisation top energy trends in Africa – Aggreko

By: Marleny Arnoldi     19th June 2018 The pace of electrification in Africa has nearly tripled since 2012, relative to the previous decade, with electrification in sub-Saharan Africa surpassing population growth for the first time in 2014. However, there is a long way to go to realise continental electrification, says Aggreko CEO... 

Renewables, decentralisation top energy trends in Africa – Aggreko

AfDB pledges $12bn for Africa’s energy development

By: Marleny Arnoldi     19th June 2018 The African Development Bank (AfDB) has placed access to sustainable energy development at the heart of its strategy, with the biggest priority ensuring improved access to electricity across the continent. AfDB power, energy, green growth and climate change VP Amadou Hott told delegates at the... 

Aveng shares leap as M&R moves closer to tie-up

By: Reuters     19th June 2018 Shareholders in South Africa’s Murray & Roberts voted on Tuesday for the company to look into a potential tie up with construction rival Aveng, sending Aveng's shares around 25% higher. The resolution got the backing of 52.06% of votes at the Murray & Roberts' (M&R) annual shareholder meeting. 

Aveng shares leap as M&R moves closer to tie-up
Photo by Creamer Media
M&R CEO Henry Laas

Atterbury signs first tenant for Randport industrial development

By: Anine Kilian     19th June 2018 Contact lens manufacturer CooperVision will become the first tenant at JSE-listed Atterbury’s R850-million Randport industrial development, in Gosforth Park, Germiston, Ekurhuleni.   

ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

By: Terence Creamer     18th June 2018 Investment company ATON, which is seeking to acquire Murray & Roberts (M&R), has welcomed a Competition Tribunal ruling opening the way for it to vote all its shares at a general meeting at which M&R shareholders will vote on the merits of a proposed transaction with Aveng. The meeting is... 

ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions

Sanral’s transformation policy ready for submission to Cabinet

By: Creamer Media Reporter      18th June 2018 The final version of the South African National Roads Agency Limited’s (Sanral’s) transformation policy, which is aimed at reshaping the construction and engineering sectors, will now be submitted to Cabinet for approval. The roads agency first unveiled the draft policy in September 2017. 

Sanral’s transformation policy ready for submission to Cabinet

Swiss place efficiency at heart of post-nuclear energy strategy

By: Terence Creamer     18th June 2018 Residents taking occupation of apartments at a new mixed-use property development on the site of a decommissioned paper mill in southern Zurich, Switzerland, are all encouraged to download a neighbourhood App to their mobile devices. The social media component, which allows Greencity residents... 

Swiss place efficiency at heart of post-nuclear energy strategy
Photo by Empa
Testing new building innovations at the Empa NEST

PPC delivers on strategic priorities, posts higher FY18 headline earnings

By: Simone Liedtke     18th June 2018 Cement producer PPC on Monday posted a 172% year-on-year increase in headline earnings to R231-million for the financial year ended March 31, while gross profit rose 3% on a strong performance by the group’s operations in Zimbabwe and Rwanda. The group’s cement sales volumes increased by 6% to... 

PPC delivers on strategic priorities, posts higher FY18 headline earnings
PPC CEO Johan Claassen

Agrément South Africa officially launched as a Public Works entity

By: Marleny Arnoldi     15th June 2018 Public Works Minister Thulas Nxesi on Friday launched technical agency Agrément South Africa as a fully-fledged legal entity of the Department of Public Works (DPW).  

PPC expects up to 65% increase in FY18 net profit, but lower Ebitda

By: Marleny Arnoldi     15th June 2018 Cement producer PPC expects its net profit attributable to shareholders for the financial year ended March 31 to increase by 55% to 65%, compared with the R93-million achieved for the prior comparable period.  

Basil Read enters business rescue

By: Irma Venter     15th June 2018 Basil Read on Friday announced that it has entered voluntary business rescue, as provided for by Section 129 of the Companies Act. Shares in the construction group plummeted 94% in afternoon trade, from a high of 22c to a low of 1c. 

Basil Read enters business rescue

Company invests in new petrochemicals complex

15th June 2018 Petroleum industry company Qatar Petroleum plans to build a “world-scale” petrochemicals complex that will include the Middle East's largest ethane cracker, according to Qatar Petroleum president and CEO Saad Sherida Al-Kaabi. Qatar Petroleum has invited a group of leading international... 

Company invests in new petrochemicals complex
INTERNATIONAL CONTRACT Qatar Petroleum has invited leading international companies to submit proposals for partnering on the development of a new Petrochemicals Complex

Sustainable construction championed for building industry

By: Tasneem Bulbulia     15th June 2018 Sustainable construction should be pursued instead of green building, and using concrete can help achieve this, as it is quite a sustainable material, advances technical services provider for concrete The Concrete Institute (TCI) MD Bryan Perrie. TCI is well poised and equipped to promote this,... 

Sustainable construction championed for building industry
Photo by Bloomberg
VERSATILE Concrete is a sustainable material, with design flexibility, as it can be constructed into any shape, design and finish

Electric thermometer launched for polar applications

By: Paige Müller     15th June 2018 Measuring instrument supplier WIKA launched a tailored electrical thermometer for applications in the crude oil, natural gas and petrochemicals industries in polar climates. WIKA Instruments sales GM Ralf Hesse states that the electrical thermometer can function in ambient temperatures down to... 

Electric thermometer launched for  polar applications
ELECTRICAL THERMOMETER WIKA launched an electrical thermometer capable of functioning in ambient temperatures down to -60 °C

Entrenched player furthers green building

By: Tasneem Bulbulia     15th June 2018 Leading construction materials company AfriSam believes that it is important for all industry roleplayers to play an active role in furthering green sustainability initiatives in the built environment, and the company is pursuing this through partnerships and relationships with stakeholders, says... 

Entrenched player  furthers green building
EVERGREEN AfriSam has sponsored a number of awards to recognise notable achievements and work in sustainable building

As Gary Bell steps down as CEO, he urges SA manufacturers to embrace future

By: Irma Venter     15th June 2018 There is no need to cower in the corner when considering the future of manufacturing. Artificial intelligence and three-dimensional printing can open up a multitude of opportunities for South African manufacturers, says Bell Equipment CEO Gary Bell. Bell Equipment is, in fact, readying itself to... 

As Gary Bell steps down as CEO,  he urges SA manufacturers to embrace future

Green awareness facilitates product uptake

By: Tasneem Bulbulia     15th June 2018 There has been an increase in the number of green projects in the country, which is an indication that South Africans are becoming more conscious of sustainability for the future, says sealant technology provider Den Braven Sealants national sales and marketing manager Michael Berg. He posits... 

Green awareness facilitates product uptake
MICHAEL BERG Den Braven believes in providing the best solutions and products that contribute to a healthier and greener environment

Green building requires holistic approach

By: Tasneem Bulbulia     15th June 2018 With the current water shortage in the Western Cape having encouraged efficient water use and proactive ways of saving water, building industry representative the Joint Building Contacts Committee (JBCC) CEO Uwe Putlitz says a similar attitude should be pursued regarding green building in the... 

Green building requires holistic approach
COMPREHENSIVE PLANNING Green building should not be regarded as a separate entity from the rest of a building project but rather as an integral part of the entire project

Proposed amendment to legislation set to eliminate lead in paint

By: Tasneem Bulbulia     15th June 2018 Paint industry representative the South African Paint Manufacturing Association (Sapma) has achieved a “great victory”, with the announcement last month of the government notice of intention to amend the Hazardous Substance Act of 2009, which will eliminate lead in paint, executive director... 

Proposed amendment to legislation set to eliminate lead in paint
TAKING THE LEAD The proposed amendment to the Hazardous Substance Act of 2009 will reduce the amount of lead in paint to 90 parts per million

Economic strategies should shape municipal spatial and infrastructure goals

By: Schalk Burger     15th June 2018 The integrated urban development framework (IUDF) is helping intermediate cities to develop planning and implementation capacity through the use of long-term planning processes and integrated funding models, says Public Affairs Research Institute public policy and management expert and IUDF... 

Rothdene pumpstation upgrade nears completion 

By: Simone Liedtke     14th June 2018 The upgrade of the Rothdene pumpstation, in Meyerton, is 99% complete and will be finalised by the end of June. The project started in June last year and is four pumps with a capacity of 440 ℓ/s comprise the upgrade, which, upon completion, will open the opportunity for the Midvaal municipality... 

Rothdene pumpstation upgrade nears completion

Attacq continues to develop Waterfall City

By: Anine Kilian     13th June 2018 Construction and development of JSE-listed Attacq’s Waterfall City is ongoing, with new infrastructure including roads, residential properties and warehouses continuously in the pipeline. During a tour of the Waterfall City precinct on Wednesday, head of development Giles Pendleton said the last... 

Attacq continues to develop Waterfall City

Growthpoint Healthcare launches with R2.4bn portfolio

By: Nadine James     13th June 2018 Growthpoint Properties has launched South Africa’s first unlisted healthcare real estate investment trust (Reit), Growthpoint Healthcare Property Holdings, which already holds five assets valued at R2.4-billion. The introduction of Growthpoint Healthcare has received strong market interest with... 

Growthpoint Healthcare launches with R2.4bn portfolio

ACSA continues to work with African partners in developing airports 

By: Kim Cloete     13th June 2018 The Airports Company South Africa (ACSA) says it is working with its counterparts in Mozambique, Zambia and Ghana on the commissioning of airports. ACSA COO Fundi Sithebe says the company is assisting the Zambian government in commissioning its Kenneth Kaunda International Airport, as well as... 

Kenya's Centum to finalise power plant funding this year

By: Reuters     13th June 2018 Kenya's Centum Investment Company said on Wednesday a $2-billion, 1 000 MW coal-fired power plant it has a stake in is expected to reach financial close this year. The Amu Power consortium that includes Centum, won a contract to build the plant in Lamu. The project has attracted criticism from... 

Medium-speed rail systems sufficient for Africa, most continents

By: Irma Venter     13th June 2018 Most continents, Africa included, should be “adequately serviced” by rail systems operating at speeds of between 150 km/h to 250 km/h, says Louis Berger Group rail programmes technical VP Vinay Mudholkar. Mudholkar is also a former Amtrak director and All Aboard Florida senior VP. 

Exemplar lists on JSE main board

By: Simone Liedtke     12th June 2018 Despite volatility in the current market, real estate investment trust (Reit) Exemplar REITail on Tuesday listed in the retail Reit sector of the main board of the JSE. Exemplar MD Jason McCormick on Tuesday said the listing will allow the company to stand alongside the “giants of commerce and... 

Exemplar lists on JSE main board
Photo by Dylan Slater
(Left-to-Right) JSE Capital Markets Director Donna Nemer, Exemplar MD Jason McCormick and Exemplar Executive Director John McCormick

African rail operators should jump to digital networks, says DB venture architect 

By: Irma Venter     12th June 2018 Similar to large parts of Africa jumping to mobile/phone-based Internet instead of using fixed-line access first, African railway operators should, from the onset, build systems that make use of the recent advances in technology, says Deutsche Bahn (DB) senior venture architect Henning Seeschaaf.... 

Stor-Age reports continued strong trading results for FY18

By: Marleny Arnoldi     12th June 2018 Real estate investment trust Stor-Age has reported an 11.1% year-on-year total dividend increase to 97.8c a share for the year ended March 31.  

Stor-Age reports continued strong trading results for FY18
Stor-Age CEO Gavin Lucas

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