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Civil Engineering and Construction

Group Five expects H2 headline earnings up 70% - 80%

By: Mariaan Webb     23rd January 2007 South African construction firm Group Five said on Tuesday that it expected its headline earnings a share to surge by as much as 80% in the second half of 2006, on the back of improved operating performance from construction and manufacturing. The firm said in a statement that it expected... 

Demand buoys SA construction earnings

By: Mariaan Webb     23rd January 2007 A growing demand for local construction services should underpin the financial results of South African construction firms, with two major companies already announcing a possible 80% surge in interim headline earnings a share. 

PPC targets May for BEE deal, promises to appoint black chair

By: Terence Creamer     23rd January 2007 Cement producer PPC confirmed on Tuesday that it would appoint a black chairperson as soon as it had finalised a black economic-empowerment (BEE) equity transaction, which would be concluded during the current financial year. Speaking at the company's annual general meeting, outgoing chair... 

Sanyati acquisition gets Competition Commission approval

16th January 2007 South Africa's Competition Commission has approved the acquisition of the KZN Piling group of companies by civil-engineering firm Sanyati, a deal worth R49,2-million. 

M&R, WBHO to build Cape Town 2010 stadium

By: Nelendhre Moodley     15th January 2007 A joint venture between construction firms Murray & Roberts (M&R) and Wilson Bayly Holmes-Ovcon (WBHO) has been chosen as the preferred bidder for the construction of Green Point stadium, in Cape Town, a city spokesperson said on Monday. The controversial Green Point stadium, which will be built... 

Settlement reached in Gautrain expropriation cases

By: Nelendhre Moodley     12th January 2007 Government has agreed to finance the accommodation of three Marlboro households affected by land expropriation for the Gautrain project until an arbitration process over compensation has been concluded. The Gautrain rapid rail link is a R25-billion transport system that will run between... 

M&R acquisition gets competition green light

11th January 2007 The Competition Tribunal this week unconditionally approved the merger between Murray & Roberts (M&R) and Wade Walker, which will see Wade Walker becoming a wholly-owned subsidiary of M&R. 

Polokwane stadium contract to be awarded before month end

By: Nelendhre Moodley     9th January 2007 The contractor for the new R797-million Peter Mokaba sports stadium, in Polokwane, will be announced on January 22, with construction expected to start shortly thereafter. Speaking to Engineering News Online, Polokwane municipality spokesperson Mabilu Mokwalakwala confirmed that stadium... 

JPC to spend R4,1m on Soweto property developments

14th December 2006 The Jo’burg Property Company (JPC), which manages the City of Johannesburg’s (CoJ’s) property portfolio, announced on Thursday that it intended developing two mixed-use sites in Meadowlands, Soweto, to the value of R4,1-million. 

Group Five scores strong first-time credit ratings

11th December 2006 South Africa's fourth-largest construction company, Group Five, has been accorded first-time credit ratings of A1 in the short term and A in the long term, by international rating agency Global Credit Ratings, reflecting a strong financial and operational position, the company said on Monday. 

Mechanical equipment installation on track

By: Amy Heydenrych     8th December 2006 With all the equipment ordered and nothing late as yet, FFE Minerals-Vecor special projects manager Dr Niels Verkerk is confident that the supply and erection of its sister company FLSmidth’s equipment in the PPC Batsweledi production plant is running on schedule. 

Green point high point

By: Irma Venter     8th December 2006 Three bidders have been shortlisted to build the new Greenpoint stadium, to be constructed for the 2010 soccer World Cup, says Cape Town city council spokesperson Pieter Cronje. 

Individuals increasingly masquerading as engineering professionals

By: Irma Venter     8th December 2006 The total number of cases the Engineering Council of South Africa (Ecsa) is investigating has, over the past four years, increased from 32 to over 150. 

Residential contractors business confidence rises

8th December 2006 The business confidence of residential contractors in the building and construction industry increased in the last quarter of the year, but nonresidential and civil engineering contractors have reported a marginal drop in business confidence, the Bureau for Economic Research (BER) said. 

Lafarge imports arrive in SA

8th December 2006 Following cement-maker Lafarge's recent announcement that it would import cement to meet the current surge in local demand, Lafarge South Africa on Friday announced that its first shipment of bagged cement has arrived in Richards Bay, and has received all relevant clearances from the South... 

Gautrain costs mount as work begins in earnest

By: Nelendhre Moodley     8th December 2006 The R20-billion-plus Gautrain rapid-rail link, a state-of-the-art public-transport system, which government hopes will ease mounting traffic congestion in the Gauteng province, is costing more than R20-million a day, says project manager Jack van der Merwe. 

Construction to begin at Nelspruit stadium

By: Nelendhre Moodley     8th December 2006 The sod-turning ceremony marking the beginning of construction of the new Mbombela stadium, which will be one of the venues for the 2010 soccer World Cup, is scheduled to take place on-site at Nelspruit, Mpumalanga, on Monday. 

Eskom admits that its R97bn investment is taking cost strain

By: Matthew Hill     4th December 2006 State-owned power utility Eskom has admitted that it might have to materially increase its capital allocations for its planned R97-billion investment programme, owing to cost pressures plaguing the construction and electricity-equipment industries, Engineering News Online can today report. 

Imperial says buys construction- and mining-equipment firm

4th December 2006 Diversified transport group Imperial has bought the entire issued share capital of Terex Africa, a construction, mining and road-building equipment distributor, it said on Monday. 

Engineering Council wants to pursue bridge collapse case despite court finding

By: Irma Venter     1st December 2006 The Engineering Council of South Africa (Ecsa) has requested funding from the Department of Public Works, it�s lead department, to pursue the Injaka bridge collapse. 

Erwin provides a sector-by-sector breakdown of publc-investment plan

By: Irma Venter     1st December 2006 Of the R161-billion rand which Eskom and Transnet will spend combined over the next five years, around R27-billion is earmarked for construction – particularly civil engineering, says Minister of Public Enterprises Alec Erwin. 

Now French construction multinational turns its attention to World Cup stadiums and more

By: Irma Venter     1st December 2006 French construction giant Bouygues – part of the consortium building the R25-billion Gautrain rapid-rail link – hopes to expand its portfolio of work in South Africa. 

Construction industry faces 'serious' cost pressures beyond 2010 - economist

By: Matthew Hill     1st December 2006 Cost pressures will continue to impact seriously on the construction industry until at least 2014, the South African Federation of Civil Engineering Contractors said on Friday. “There are going to be serious pressures until at least 2014,” Safcec construction economist Pierre Blaauw... 

M&R expects earnings up 60% - 80%

By: Matthew Hill     30th November 2006 JSE-listed construction and engineering giant Murray & Roberts announced on Thursday that the group expected its diluted headline earnings per share (Heps) for the six months to December 31 to show an increase of between 60% and 80% over the 65c recorded in the previous comparable period. 

Empowered scaffolding group to make AltX debut December 6

28th November 2006 Empowered scaffolding and labour outsourcing group Top Fix, which will list on the AltX, an alternative bourse designed for small and medium-sized growth companies, next Wednesday, said it would use the R25-million raised in its private placement to manufacture additional scaffholding and stock. 

Esor capitalises on large projects, 2007 order book nearly full

By: Nelendhre Moodley     28th November 2006 AltX-listed geotechnical engineering company Esor, which recorded a constant revenue of R77-million for the interim, and raised net profit by 33% from the same time last year to R10-million, reported that its order book was nearly full. Headline earnings a share rose 13% to 8,4 c ahead of the 7,5... 

SA radio astronomy cutting-edge project begins to take concrete form

By: Keith Campbell     24th November 2006 The prototype dish for South Africa’s Karoo Array Tele-scope (Kat) marks a totally new approach to the construction of such antennas and will be a world first when it enters operation next year. 

No-one will be held liable for the Injaka bridge collapse

By: Irma Venter     24th November 2006 The Graskop magistrate’s office and the office of the senior public prosecutor in Pretoria have found that no-one will be held liable for the Injaka bridge collapse. 

Esor gets go-ahead for Franki acquisition

23rd November 2006 Geotechnical engineering firm's shareholders Esor on Thursday approved the company's acquisition of Franki Africa. 

Safic says listing will support its growth ambitions

By: Matthew Hill     23rd November 2006 Flooring and chemicals business Safic Holdings shares began trading at R1,20 a share on Thursday morning, as it became the 34th company to list on the AltX, but they declined to R1,00 when the bourse closed, which was the price of the initial offering. In an interview at the function celebrating... 

Group Five buys construction-materials group for R750m

21st November 2006 South African building and construction firm Group Five has agreed to buy Quarry Cats from Cobblers Limited for R750-million, in a drive to expand into the infrastructure supply sector and to mitigate the risk of future materials shortages, it said on Tuesday. Quarry Cats is a supplier of... 

Cement imports: 'We won't profiteer,' PPC's Gomersall promises

By: Matthew Hill     20th November 2006 Cement giant PPC would not exploit the current local cement shortage through price increases, although prices were still likely to rise, as the company's increasing costs would have to be passed on to the market CEO John Gomersall said on Monday. 

WG Wearne plan to raise BEE as it eyes more quarry prospects

By: Terence Creamer     17th November 2006 Construction-materials group WG Wearne is considering possible upstream quarry acquisitions on Gauteng’s East Rand, following its successful purchase of three sand and stone quarries from W De Bruyn Sandwerke on the West Rand for R140-million. 

SA construction industry will have to double outpuut to meet demand

By: Sharon Davis     17th November 2006 The construction industry will have to double its current output of R100-billion a year in order to match public- and private-sector growth targets, Public Works Minister Thoko Didiza said at this year’s Construction Conference, held in Durban at the end of October. 

SA firms invited to bid on St Helena airport development

By: Keith Campbell     17th November 2006 Major South African construction com-panies are being invited to bid for the new tender, issued at the beginning of this month, to build an airport on the British South Atlantic island territory of St Helena. 

Upton, Gantsho appointed to Group Five board

By: Nelendhre Moodley     17th November 2006 South African construction company Group Five on Friday announced the appointments of Mike Upton and Mandla Gantsho as executive and non-executive directors respectively of Group Five with immediate effect. 

Construction of first new generation prison to begin

15th November 2006 The construction of the first new generation prison will start next week, the Department of Public Works said this week. 

Magistrate expected to pronounce on 1998 Injaka bridge collapse this month

By: Irma Venter     3rd November 2006 It is expected that the Graskop magistrate’s office will release its decision on whether anyone can be held liable for the 1998 Injaka bridge collapse by mid-November. 

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