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Construction News

Intu Properties, Cale Street sign JV for Intu Derby shopping centre

By: Simone Liedtke     Updated 21 minutes ago Intu Properties and investment firm Cale Street Investment on Thursday announced the establishment of a 50:50 joint venture for the Intu Derby shopping centre, in the UK. Intu Derby is located in the centre of Derby and is a retail and leisure destination in the 

Pilot Crushtec partners with Sanral to help smaller contractors tender for projects  

Updated 2 hours 30 minutes ago The South African National Roads Agency has signed a memorandum of understanding with rock crushing equipment supplier Pilot Crushtec to engender relationships with smaller contractors in the lower end of the construction industry, as part of the organisation’s transformation drive. Tasneem... 

Pilot Crushtec partners with Sanral to help smaller contractors tender for projects
Pilot Crushtec partners with Sanral to help smaller contractors tender for projects

France to open redesign of Notre-Dame's spire to international architects

By: Reuters     Updated 3 hours ago France will open the redesign of the Notre-Dame de Paris’ iconic roofline to international architects after Monday night’s blaze gutted the oak-framed structure and sent its 300-foot spire crashing through its vaulted ceiling, the country's PM said on Wednesday. President Emmanuel Macron pledged... 

Africa's sole nuclear plant undergoes revamp to extend lifespan

By: Bloomberg     Updated 3 hours ago Eskom Holdings, the State utility that supplies 95% of South Africa’s power, is overhauling the continent’s sole nuclear plant with the aim of extending its lifespan by at least 20 years. The revamp of the 1 860 MW Koeberg facility comes as Eskom struggles to produce enough electricity to meet... 

Africa's sole nuclear plant undergoes revamp to extend lifespan

Saice requests Ramaphosa’s urgent intervention to address construction site attacks

By: Nadine James     17th April 2019 The South African Institution of Civil Engineering (Saice) has joined other industry bodies in strongly condemning the recent spate of alleged “mafia-style” coordinated gang activity on project sites across the country. In a statement issued on Wednesday, Saice referred to pleas from the South... 

Saice requests Ramaphosa’s urgent intervention to address construction site attacks

NUM members on strike at PPC Cement in Pretoria

By: African News Agency      17th April 2019 The National Union of Mineworkers (NUM) on Wednesday confirmed a strike by workers at cement producing company PPC, at Hercules, in Pretoria, over wage increases.  NUM PPC branch secretary Surprise Baloyi, said workers were embarking on a protected strike over the company’s refusal to bargain on... 

PIC raises Texton stake to 18.9%

By: Nadine James     17th April 2019 State-owned investment management company, the Public Investment Corporation (PIC) increased its beneficial shareholding in JSE-listed real estate investment trust Texton Property Fund to 18.9%. Texton CEO Marius Muller on Wednesday noted that the PIC had become Texton’s largest shareholder. 

PIC raises Texton stake to 18.9%
MARIUS MULLER

Nzimande requests George IPTN Phase 4B suspension

By: Nadine James     17th April 2019 Transport Minister Dr Blade Nzimande has requested the Western Cape provincial government to suspend plans to roll out Phase 4B of the George Integrated Public Transport Network (IPTN). This was in response to a letter sent by the Western Cape Transport MEC Donald Grant, informing Nzimande of the... 

Nzimande requests George IPTN Phase 4B suspension
Photo by Creamer Media
Transport Minister Dr Blade Nzimande

Eskom CEO says 'days of surprises' over as problems exposed 

By: Bloomberg     17th April 2019 Almost 15 months into the job, and the boss of South Africa’s state-owned electricity company is getting to grips with issues spanning corruption to defective power plants that threatened to collapse the grid. “The days of surprises are over,” Eskom Holdings CEO Phakamani Hadebe said in an... 

Steel demand growth rates to moderate in line with slowing global economic growth

By: Nadine James     16th April 2019 Global steel demand is expected to increase by 1.3% year-on-year to 1.74-billion tonnes this year, the World Steel Association’s (worldsteel’s) ‘April 2019 Short Range Outlook’ shows. Demand is projected to grow by a further 1% in 2020 to 1.75-billion tonnes, the association added. 

Policy and regulatory malaise undermining efforts to address power deficit 

By: Terence Creamer     16th April 2019 Lingering policy uncertainty and regulatory delays are continuing to impede the development of hundreds of small-scale embedded generation (SSEG) projects, which are seen at the quickest and cheapest way for South Africa to address its current electricity supply deficit. The South African... 

Policy and regulatory malaise undermining efforts to address power deficit

Cape Town in good position even if winter rains are poor – deputy mayor

By: News24Wire      16th April 2019 Dam levels are 10% higher than the City of Cape Town's projections for the end of summer so the city is in a good position even if the coming winter rains turn out to be below average, says deputy mayor Ian Neilson. "And the water consumption by Cape Town is well under the target we set of... 

Cape Town in good position even if winter rains are poor – deputy mayor

Johannesburg Roads Agency suspends top management over tender irregularities

By: African News Agency      16th April 2019 Top managers at the troubled Johannesburg Roads Agency (JRA) including MD Goodwill Mbatha have been suspended for flouting tender regulations, the city's mayor Herman Mashaba said on Tuesday. The JRA's board on Monday adopted the findings of a series of forensic investigations which implicated... 

N1 highway pedestrian bridge to be ready for use soon

By: Simone Liedtke     15th April 2019 The new pedestrian bridge over the N1 at Erasmusrand will soon be ready for use by pedestrians and cyclists near Hoërskool Waterkloof, in Pretoria, says the South African National Roads Agency Limited (Sanral). The bridge, which was built in under 20 hours over this past weekend, only needs to... 

N1 highway pedestrian bridge to be ready for use soon
The new pedestrian bridge over the N1 at Erasmusrand will soon be ready for use by pedestrians and cyclists near Hoërskool Waterkloof, in Pretoria

BRPs initiate Group Five disposals

By: Marleny Arnoldi     12th April 2019 The business rescue practitioners (BRPs) for embattled construction company Group Five on Friday announced that they would start with a series of disposals to reduce financial liabilities as part of the company’s business rescue proceedings. The BRPs David Lake and Peter van den Steen of Metis... 

Tribunal dismisses collusive tendering complaint against WBHO

By: Marleny Arnoldi     12th April 2019 The Competition Tribunal this week dismissed the Competition Commission’s complaint referral against construction company WBHO Construction in which it was alleged to have colluded on a South African National Roads Agency tender. The matter stemmed from the commission’s industry-wide... 

Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts 

By: Terence Creamer     12th April 2019 State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in 2015.... 

Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts

Construction industry remains under pressure 

12th April 2019 Creamer Media's Chanel de Bruyn speaks to Creamer Media Senior Deputy Editor Irma Venter about the ongoing decline of the South African construction industry, what this means for the country in the long term and industry body, the South African Federation of Civil Engineering Contractors’ request... 

Construction industry remains under pressure
Construction industry remains under pressure

Kenya airports body sees land at $10bn on revaluation

By: Bloomberg     12th April 2019 Kenya Airports Authority (KAA) expects its land holdings to be worth more than one-trillion shillings ($9.9-billion) after a revaluation is concluded in a month, CEO Jonny Andersen said. “Since we’ll have a different balance sheet, we can go to the banks and ask for completely different financing... 

Lack of knowledge a concern in flooring industry

By: Thabi Madiba     12th April 2019 A lack of knowledge, specifically among structural engineers on specifications for concrete floors, poses a challenge to the industry, says concrete technical services provider The Concrete Institute (TCI) MD Bryan Perrie. “Concrete floors are effectively concrete pavements and should be... 

Lack of knowledge a concern  in flooring industry
CONCRETE FLOOR SPECS Concrete floors must also be aesthetically pleasing, with minimal surface defects and cracking

Demand for concrete flooring continues to increase

By: Thabi Madiba     12th April 2019 The demand for concrete flooring continues to grow at a robust rate, as more commercial, retail and residential customers opt for polished concrete, says diamond tools and equipment manufacturer Diamond Products director Brian Clark. This robust growth is reflected in the company’s increase in... 

Demand for concrete flooring continues  to increase
STAIN AND SLIP RESISTANT Concrete can achieve a high-quality and aesthetically pleasing polished finish

New machine collection for floor preparation launched

By: Thabi Madiba     12th April 2019 Floor grinders and dust extractors manufacturer HTC Sweden AB launched a new line of smaller grinders and dust extractors, the Start and Grind collection, to assist flooring contractors when preparing floors, earlier this year in Sweden. The collection will be launched in South Africa in the... 

New machine collection for floor preparation launched
QUINTIN BOOYSEN There is a huge lack of knowledge on industrial flooring requirements, which leads to small contractors delivering inferior-quality flooring

Intu appoints interim CFO

By: Tasneem Bulbulia     11th April 2019 Intu Properties on Thursday announced the appointment of Barbara Gibbes as interim CFO with effect from April 29. Gibbes joined Intu as FD in January 2017. 

Redefine demonstrates why its investment strategy works

By: Simone Liedtke     10th April 2019 JSE-listed Redefine Properties continues to thrive amid a subdued environment, as a result of its strategy of investing where it believes the best market opportunities lie, while also catering to the demands of tenants. This is according to CEO Andrew Konig, who cautioned that, especially in... 

'Cash For Trash' idea nets Johannesburg entrepreneur R1m prize money

By: African News Agency      10th April 2019 Johannesburg-based entrepreneur Mary-Ann Mandishona on Tuesday became an instant millionaire when she won R1-million in prize money through her "Cash4Trash" sustainability business idea in the first-ever Redefine Properties "Innovation Challenge". The Redefine Properties "Innovation Challenge" is... 

Barloworld offers employees, general public stake in R3.5bn BEE property scheme

By: African News Agency      10th April 2019 Industrial conglomerate group Barloworld Limited on Wednesday launched its public offer for Khula Sizwe Property Holdings, a black-owned property company, in a bid to enable black South Africans to own a stake in a significant property company. Through this transaction, which is part of the... 

Tribunal dismisses commission’s application to amend West Cape referral

By: Marleny Arnoldi     10th April 2019 The Competition Tribunal on Tuesday dismissed an application made by the Competition Commission to amend and supplement a complaint referral relating to alleged collusion by construction companies on a tender for the South African National Roads Agency Limited (Sanral). The tribunal in August... 

M&R JV issued arbitral award in Dubai airport dispute

By: Marleny Arnoldi     10th April 2019 Murray & Roberts (M&R) has announced that an arbitral award has been issued in relation to a dispute between the Al Habtoor M&R Takenana (HMRT) joint venture (JV) and Dubai Civil Aviation (DCA) regarding a construction contract at the Dubai International Airport. The Dubai International... 

SME building and construction industry in the doldrums, says CIDB survey

By: Irma Venter     9th April 2019 The 2019 first quarter Construction Industry Development Board small and medium-sized enterprise Business Conditions Survey, released on Tuesday, suggests that the South African building and construction industry remains under pressure. General building confidence declined by one index point to 33. 

SME building and construction industry in the doldrums, says CIDB survey

Communicare sells Cape Town Foreshore building to foreign hotel chain for R120m

By: African News Agency      8th April 2019 Social enterprise housing non-profit company (NPC) Communicare has sold its property on the Foreshore in Cape Town to an international hotel chain for R120-million, the NPC said on Sunday. The new owner, a foreign buyer, operates in the leisure property market. They have been on the lookout for... 

Universal considering offer from Afrimat 

By: Esmarie Iannucci     8th April 2019 South Africa focused coal miner Universal Coal has received a conditional, non-binding indicative counter offer from JSE-listed Afrimat to rival a previous offer from a consortium headed by Ata Resources. Universal on Monday reported that Afrimat was proposing to acquire all the shares in the... 

Universal considering offer from Afrimat
Universal Coal operates the Kangala mine.

Marriott to add nearly 20 properties under Middle East & Africa portfolio in 2019

By: African News Agency      8th April 2019 Hotel group Marriott International said on Monday it expected to add 19 new properties and more than 3 000 rooms to its Middle East and Africa portfolio in 2019.  It said the new additions were in line with the company’s expansion plans to add more than 100 new properties and nearly 26 000 rooms... 

Construction industry in rapid decline as work wanes, ‘mafia’ takes over, warns Safcec 

By: Irma Venter     8th April 2019 The South African construction industry is in a state of accelerated decline, says South African Forum of Civil Engineering Contractors (Safcec) CEO Webster Mfebe. This is caused mainly by a lack of new contracts flowing from government’s purse, as well as increased violence and thuggery on local... 

 Construction industry in rapid decline as work wanes, ‘mafia’ takes over, warns Safcec

TPT sets its focus on African port concession opportunities

By: Shirley le Guern     5th April 2019 State-owned Transnet aims, through its Transnet International Holdings entity, to leverage its expertise to secure port concessions across the African continent. Transnet Port Terminals (TPT) growth and diversification senior manager Dr Darren Fraser told a special interest group gathering under... 

TPT CE stresses need for faster turnarounds of vessels, trains 

By: Shirley le Guern     5th April 2019 It would no longer be business as usual at the Port of Durban, Transnet Port Terminals (TPT) CE Nozipho Sithole told the Transport Forum’s special interest group meeting, in Durban, on Thursday. Conceding that TPT was not yet where it wanted to be in terms of efficiency, consistency or... 

Afrimat expects 20% to 30% increase in full-year earnings

By: African News Agency      5th April 2019 Building materials company Afrimat said on Friday it expected earnings per share of between 216.4 cents and 234.4 cents  for the year to February, up 20% to 30% from 2018. The company, which is due to publish its results on May 23, said headline earnings per share -- the key measure of... 

Clough JV awarded civil works contract for Australian hydropower project

By: Marleny Arnoldi     5th April 2019 The Clough Salini joint venture (JV) has been appointed as the contractor for the Snowy 2.0 hydropower project, in New South Wales, Australia. The JV’s scope of work on the project is valued at about A$1.8-billion, spanning over the next five years.  

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