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Construction News

Hyprop successfully refinances R4bn of external debt

By: Tasneem Bulbulia     2nd April 2019 JSE-listed Hyprop on Tuesday announced that it had, in the three months since December 31, 2018, successfully refinanced R4-billion of external debt. On March 15, Hyprop announced the issue of two new unsecured five-year notes, HILB11 and HILB12, in terms of Hyprop’s Domestic Medium Term Note... 

EU funding Eritrean road project using 'forced labour' say activists

By: African News Agency      2nd April 2019 The Foundation Human Rights for Eritreans (FHRE) has warned the European Union (EU) that it will take the organisation to court for allegedly violating its own Charter of Fundamental Rights. The matter relates to what the FHRE says is the EU’s funding of a road-building project which allegedly... 

Mashaba to launch new prospectus of properties with over R20bn investment value

By: African News Agency      1st April 2019 Executive Mayor Herman Mashaba will on Monday unveil another batch of properties to be launched by the Johannesburg Property Company to the private sector for development across the city, his office said. "The full prospectus of properties is expected to draw an investment value of between... 

Union concerned by municipalities' failure to spend infrastructure grants

By: African News Agency      29th March 2019 The Independent Municipal and Allied Trade Union (Imatu) on Thursday said it is concerned by reports that municipalities are failing to spend allocated infrastructure grants. This comes after Minister of Finance, Tito Mboweni, this week confirmed that 44 municipalities had their municipal... 

Renewal of iconic Joburg high-rise a response to city’s evolving property needs

By: Tasneem Bulbulia     29th March 2019 In recent years, the Johannesburg central business district (CBD) has been the beneficiary of concerted rejuvenation efforts to assuage the effects of neglect and revitalise the ailing city centre, and the current redevelopment of Absa Towers Main represents a striking manifestation of this. Absa... 

Renewal of iconic Joburg high-rise a response to city’s evolving property needs

Economy impacts negatively on harbour infrastructure and dredging

By: Mamaili Mamaila     29th March 2019 The economic situation and reduced demand for port facilities have led to a general reduction in investment in harbour infrastructure and dredging, says global law firm Norton Rose Fulbright transport head Malcolm Hartwell.  

Economy impacts negatively  on harbour infrastructure and dredging
MALCOLM HARTWELL Severe pressure on global shipping and trade markets has resulted in a significant decline in the commodity exports that South Africa relies on so heavily and in imported manufactured goods

Transnet launches continent’s first dredging school

29th March 2019 The Transnet Maritime School of Excellence (MSoE) has launched the continent’s first Dredging School to develop and enhance the competencies of new and already employed dredging personnel. 

Transnet launches continent’s first dredging school
ILEMBE The Dredging School is a result of the supplier development plan related to the acquisition of the new 5500 m3 Trailing Suction Hopper Dredger, Ilembe, for TNPA

Egypt seeking to increase trade and investment ties with South Africa

By: Rebecca Campbell     29th March 2019 Egyptian Ambassador to South Africa Sherif Eissa has called for more bilateral trade and investment between his country, as well as closer political cooperation. He was addressing the recent South African Chamber of Commerce and Industry (SACCI) and Federation of Egyptian Industries (FEI) Trade... 

Japanese capital equipment group remains confident about South Africa’s prospects

By: Rebecca Campbell     29th March 2019 The Japanese head office of the global capital equipment manufacturer Komatsu has recently approved the investment of R300-million by its South Africa-based subsidiary, Komatsu Africa Holdings (KAfH), in a re-manufacturing plant at KAfH’s new complex in Sunnyrock, Germiston (Ekurhuleni), just... 

Nxesi highlights importance of facilities management in property sector

By: Tasneem Bulbulia     28th March 2019 Public Works Minister Thulas Nxesi on Thursday emphasised the importance of proper maintenance and facilities management in the property sector. In a speech delivered during the Department of Public Works’ inaugural Real Estate Capacity Building colloquium, in Pretoria, he cited the newly opened... 

Focus on access to opportunity, rather than training – Ceta SMME strategy

By: Marleny Arnoldi     28th March 2019 The Construction Education and Training Authority (Ceta) on Wednesday presented a draft version of its five-year small, medium-sized and microenterprises (SMMEs) strategy, which has followed an extensive stakeholder engagement process and aims to support SMMEs past the training stage and into the... 

Exxaro unveils new ultramodern headquarters  

By: Martin Creamer     28th March 2019 South Africa’s largest coal producer and black-empowered coal company Exxaro has unveiled its new ultramodern headquarters. The conneXXion, in Centurion, has e-parking bays for employees to charge their electric or hybrid vehicles while they work, and attractive central staircases to encourage... 

Exxaro unveils new ultramodern headquarters
New Exxaro headquarters

Big business aims to ‘scale up’ ten black firms to R500m-plus enterprises in five years  

By: Terence Creamer     28th March 2019 Big business in South Africa unveiled a new initiative on Thursday aimed at deliberately accelerating, over the coming five years, the expansion of ten established black-owned companies into “substantial” enterprises with yearly revenues of more than R500-million. Discovery CEO Adrian Gore... 

Big business aims to ‘scale up’ ten black firms to R500m-plus enterprises in five years
Discovery CEO Adrian Gore and President Cyril Ramaphosa speak about the CEO Circle's plan to accelerate the growth of ten established black-owned companies into enterprises with yearly revenues of more than R500-million. Camera Work & Editing: Darlene Creamer. Recorded: 28.3.2019

SMMEs will take advantage of ‘big five’s’ demise in construction sector – Ceta 

By: Marleny Arnoldi     28th March 2019 Construction Education and Training Authority (Ceta) accounting authority chairperson Raymond Cele says the demise of South Africa’s “big five” construction firms has brought about opportunities for small, medium-sized and microenterprises (SMMEs) to fill the gap in the market. In an opening... 

ASJV to continue to defend its position regarding the Mtentu project bonds

By: Simone Liedtke     28th March 2019 The Aveng Strabag Joint Venture (ASJV) on Thursday said it considers the dismissal, earlier this month, of its court application to prevent the South African National Roads Agency Limited (Sanral) from making a call on the bonds relating to the Mtentu bridge contract to be wrong. It also... 

Thesele enters water infrastructure industry through Talbot & Talbot acquisition

By: Simone Liedtke     28th March 2019 Black-owned investment holding company Thesele Group has, through a substantial equity transaction, acquired a 35% stake in South African water and wastewater solutions provider Talbot & Talbot. Concluded this month, the transaction is in support of Talbot & Talbot’s growth objectives and... 

Anglo Platinum releases additional 270 ha in support of land reform 

28th March 2019 Anglo American Platinum handed over 270 ha of land, worth about R26-million, to the Rustenburg local municipality and the Rustenburg Alchemy Development Trust to support government’s commitment to sustainable land reform and transformation. Nadine James tells us more. 

Anglo Platinum releases additional 270 ha in support of land reform
Anglo Platinum releases additional 270 ha in support of land reform

Nigeria wants $20bn infrastructure spend over ten years

By: Bloomberg     28th March 2019 Nigeria plans to spend $20-billion on infrastructure over the next ten years and will introduce an infrastructure bond in 2019 as Africa’s biggest oil producer seeks to address challenges in revenue generation. “Our target is that we’d like to see infrastructure spending increase to the... 

PPC Zimbabwe to adjust to RTGS dollar reporting

By: Marleny Arnoldi     27th March 2019 PPC Cement will consolidate PPC Zimbabwe financial results in accordance with the International Financial Reporting Standards. This follows after Zimbabwe changed the functional currency of Zimbabwean businesses to the real-time gross settlement (RTGS) dollar in October.  

PPC Zimbabwe to adjust to RTGS dollar reporting

Gauteng to hand over buildings to Wits, other higher education institutions

By: Creamer Media Reporter      27th March 2019 Over the next few weeks, the Gauteng Provincial Government will start handing over a number of buildings to the University of the Witwatersrand (Wits) to help address the acute shortage of student accommodation. As part of the provincial government’s adopted policy to release land and unused and... 

Group Five BRPs to submit business rescue plan by June 

By: Marleny Arnoldi     27th March 2019 Following the first business recue meeting with Group Five’s creditors on Tuesday, the appointed business rescue practitioners (BRPs) – David Lake and Peter van den Steen, of Metis Corporate Advisory – requested an extension of the deadline for the submission of a business rescue plan to June.... 

Dr Sedise Moseneke elected Property Sector Charter Council chairperson

By: Marleny Arnoldi     26th March 2019 Industry association South African Real Estate Investment Trust (SA Reit) Property Sector Charter Council (PSCC) representative Dr Sedise Moseneke has been elected chairperson of the council. The council is responsible for implementing transformation in the property sector.  

Traxtion unveils new facility to provide locomotive rebuild, overhaul services for Africa  

By: Simone Liedtke     26th March 2019 Private locomotive and rail operator Traxtion on Tuesday showcased its new maintenance and refurbishment facility, in Rosslyn, as part of its plans to increase its capacity to provide locomotive rebuild and overhaul services for Africa. The facility is on the third phase of a planned eight-phase... 

Traxtion unveils new facility to provide locomotive rebuild, overhaul services for Africa
Taxtion CEO James Holley speaks to Engineering News Online about the launch of Traxtion's refurbishment facility, which will be used to provide locomotive rebuild and overhaul services to customers across the African continent. Video & Editing: Nicholas Boyd

Radebe willing to use his legislative powers to unlock short-term private power projects  

By: Terence Creamer     26th March 2019 Energy Minister Jeff Radebe signalled his willingness on Tuesday to use his legislative powers to facilitate the introduction of private electricity supply alternatives that could reduce the threat of load-shedding by Eskom in the short- to medium-term. Addressing the DLO Africa Power Roundtable... 

Radebe willing to use his legislative powers to unlock short-term private power projects
Energy Minister Jeff Radebe

South African construction sentiment crumbles under soft economy

By: Bloomberg     26th March 2019 Confidence in South Africa’s civil construction sector is at the lowest in at least 22 years and could stay there for some time. A gauge tracking sentiment in the sector dropped in the first quarter to the lowest since its inception in 1997, according to a statement Tuesday by FirstRand Group’s... 

Cape Town seeks rail experts to assist with takeover plan for passenger rail

By: African News Agency      26th March 2019 Cape Town said on Tuesday it would appoint a team of rail professionals to assist its transport directorate with business plans to take over passenger rail management from the national government. It said it was evaluating and assessing four tenders for the exercise and that the rail experts,... 

JRA completes two Ivory Park road upgrades, more to follow

By: Marleny Arnoldi     25th March 2019 City of Johannesburg mayor Herman Mashaba on Monday opened two newly built and rehabilitated roads in Ivory Park, Ward 78, near Midrand. The R6-million project, which was funded by the Johannesburg Roads Agency (JRA), included the installation of underground stormwater management systems and... 

ATON extends long stop date of M&R takeover offer to June

By: Marleny Arnoldi     25th March 2019 Construction and engineering group Murray & Roberts (M&R) announced on Monday that Germany-based ATON has extended the long stop date for completing the buyout of M&R share from March 31 to June 30. This is owing to pending merger control clearances and competition authority approvals from... 

M&R acquires another US-based firm 

By: Simone Liedtke     25th March 2019 JSE-listed engineering and construction group Murray & Roberts’ (M&R’s) Cementation Americas, which forms part of the M&R Underground Mining platform, has acquired 100% of Terra Nova Technologies (TNT) for $38-million. The acquisition will be funded from a revolving and term loan credit facility,... 

Group Five subsidiary companies to continue operating as going concerns – BRPs

By: Simone Liedtke     25th March 2019 The joint business rescue practitioners (BRPs) for Group Five and Group Five Construction on Monday confirmed that subsidiary companies of these entities would continue to operate as going concerns, as they do not fall directly into business rescue proceedings. This is also the case for Group... 

Group Five subsidiary companies to continue operating as going concerns – BRPs

Transnet in talks with Kenya for deal to operate Lamu port

By: Bloomberg     25th March 2019 Kenya is in talks with Transnet of South Africa to operate a seaport that the East African nation is developing to partly use for planned exports of oil. The state-owned South African logistics company is leading a group of companies that are pitching to provide the equipment for the initial... 

Aveng Strabag Joint Venture to appeal ruling on calling of Mtentu bridge bonds  

By: Terence Creamer     22nd March 2019 The Aveng Strabag Joint Venture (ASJV) reported on Friday that it would appeal the dismissal of an urgent application, lodged by the ASJV in February, seeking to prevent the South African National Roads Agency Limited (Sanral) from making a call on the bonds relating to the Mtentu bridge... 

Aveng Strabag Joint Venture to appeal ruling on calling of Mtentu bridge bonds

Dube TradePort set for R18bn expansion

By: Nadine James     22nd March 2019 The R18-billion expansion of one of two of KwaZulu-Natal’s special economic zones (SEZs), the Dube TradePort, is set to create hundreds of jobs as the province gears for yet another round of development for its Durban Aerotropolis precinct, KwaZulu-Natal Economic Development, Tourism and... 

Intervention needed to protect South Africa’s infrastructure projects 

By: Nadine James     22nd March 2019 Urgent intervention is needed to protect infrastructure projects, investor confidence and the safety of professionals in the built environment, Association of South African Quantity Surveyors (ASAQS) member Yunus Bayat said on Friday, in response to reports of widespread “construction mafia” and... 

Intervention needed to protect South Africa’s infrastructure projects

Guinea risks 'conflict and confusion' with mining eviction policy

By: Reuters     22nd March 2019 Civil society groups rejected Guinea's first policy seeking to protect people displaced by mines and dams on Thursday, saying it would worsen poverty and conflict in the mineral-rich nation. Seven human rights and development organisations asked the government not to adopt the proposed national... 

Exxaro terminates Group 5 contracts  

By: Tasneem Bulbulia     22nd March 2019 Exxaro has decided to terminate its agreement with Group Five Construction subsidiary, Group 5 Projects, with effect from March 21, following Group Five’s announcement that it has embarked on business rescue proceedings. Exxaro in April 2017 appointed Group 5 Projects to build a new small coal... 

Growth strategy prompts innovation

By: Mamaili Mamaila     22nd March 2019 Technologies design, production and marketing company Tesmec Group is constantly improving, adapting and evolving its machine concepts. Owing to its pursuit of a “glocal” growth strategy, this means that Tesmec is global, but at the same time they have a local presence in strategic areas of the... 

Growth strategy prompts innovation
GOING GLOCAL Tesmec seeks to expand local presence in the most strategic areas of the world
 

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