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Construction News

Intu appoints Robert Allen CFO

By: Simone Liedtke     4th June 2019 JSE-listed Intu Properties has appointed Robert Allen CFO, effective June 10. CEO Matthew Roberts says Allen has  “extensive and highly relevant experience in refinancing, mergers and acquisitions, treasury, information technology and investor relations”. 

LafargeHolcim shareholders opt for 73% payout in new shares

By: Reuters     3rd June 2019 LafargeHolcim on Monday said nearly three quarters of its payout for 2018 will be made in newly created shares. Some 72.98% of the 2018 dividend will be made in new stock and the rest in cash, the Swiss company said after shareholders' period to exercise the rights expired on May 31. 

Startups strive to recycle emissions for 'new carbon economy'

By: Reuters     31st May 2019 Jennifer Holmgren, CE of carbon recycling firm LanzaTech, explained modestly how the Chicago-based startup had cut multimillion-dollar deals on four continents, including in China, aimed at helping curb climate change and air pollution. At the Jingtang Steel Mill in Heibei province, the company... 

Chrome ore exports contribute to stainless steel production

By: Cameron Mackay     31st May 2019 The export of chrome ores from South Africa for use in the ferrochrome smelter of Chinese stainless steel group Tsingshan’s stainless steel plant has contributed to global growth in chrome ore supply. “Although the plant receives supply from China, which is re-routed South African material, and... 

Dope-free tech used in three stand CRA pipes’ first run

31st May 2019 Stainless steels developer and manufacturer Sandvik’s SAF 2507 corrosion resistant alloy (CRA) pipes were used with dope-free technology to conduct the first ever run of CRA tubes in stands of three pipes (triples). The pipes were used by an international operator in a project involving wells to... 

Dope-free tech used in three stand CRA pipes’ first run
CRA TRIPLES TUBES CRA pipes have traditionally been run in singles as the threaded connections exhibit a higher tendency to galling and require a careful make-up

New stainless steel enclosure systems presented at trade fair

31st May 2019 Earlier this month, industrial enclosures provider Rittal presented its new stainless steel versions of the company’s AX and KX small and compact enclosure series and the VX25 enclosure system at this year’s international meat industry trade fair IFFA in Frankfurt, Germany, from May 4 to 9. While... 

New stainless steel enclosure systems presented at trade fair
CORROSION PROTECTION The VX25 large enclosure system is now available in a 100% stainless steel version to meet the strictest corrosion resistance standards

Company drives new stainless steel applications

By: Cameron Mackay     31st May 2019 Owing to stainless steel being 100% reusable, local stainless steel distributor Stalcor is engaged in a drive to find new applications for stainless steel in which the metal can be used as an alternative to materials such as plastic, thereby providing a green solution, says Stalcor projects... 

Company drives new  stainless steel applications
CRUCIAL SAVINGS Cost-effective solutions and savings have become crucial as local and global markets contract, and as profitability in the sales cycle becomes more difficult

Ruland makes stainless steel oldham couplings

31st May 2019 Flexible couplings manufacturer Ruland Manufacturing now makes oldham coupling hubs from 303 stainless steel. This addition gives designers an off-the-shelf coupling to choose from when designing systems in corrosive, vacuum or cleanroom environments. 

Ruland makes stainless steel oldham couplings
MISALIGNMENT CAPABILITIES Stainless steel oldham couplings are well suited for corrosive, cleanroom and vacuum applications that require high misalignment capabilities

New epoxy primer for heavy-duty equipment

31st May 2019 This month, global coatings manufacturer Hempel launched a new epoxy primer for heavy duty equipment and trucks called Hempaprime Shield 700 HS. Hempaprime Shield 700 HS is specifically designed to improve productivity and quality for original-equipment manufacturers (OEMs) by reducing production... 

New epoxy primer for heavy-duty equipment
SPRAY DAY The fast drying epoxy allows for shorter intervals between coats

Provider develops specialised stainless steel roll

By: Cameron Mackay     31st May 2019 Stainless steel technical services and products provider SMS group has developed a specialised roll for its stainless steel plants. “Reliable and precise flatness measurement is of paramount importance. These rolls carry the brand name X-Shape and are part of the X-Pact product family, which... 

Provider develops specialised stainless steel roll
DIGITAL COMMITMENTS The Manufacturing Execution System and Genius Condition Monitoring System illustrate the company’s commitment to digitalisation and smart plants

Stefanutti Stocks warns of short-term liquidity pressures

By: Simone Liedtke     30th May 2019 Construction engineering company Stefanutti Stocks on Thursday said it was experiencing short-term liquidity pressures and was considering raising  funding through a combination of ring-fenced project financing, a number of alternative funding solutions and, as a last resort, a fresh issue of... 

Redefine demonstrates why its investment strategy works 

30th May 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. Simone Liedtke, who attended one of the company’s investor site visits, gives... 

Redefine demonstrates why its investment strategy works
Redefine demonstrates why its investment strategy works

Broad stakeholder engagement necessary to effect 'new dawn' – Cesa 

By: Marleny Arnoldi     29th May 2019 In keeping with President Cyril Ramaphosa’s call for a “new dawn” in South Africa’s economy, Consulting Engineers South Africa (Cesa) says it would like to see the reinstatement of stakeholder engagement processes in especially the construction industry. These processes are aimed at creating a... 

Broad stakeholder engagement necessary to effect 'new dawn' – Cesa
Cesa CEO Chris Campbell

Vukile records above-market full-year performance

By: Tasneem Bulbulia     29th May 2019 Vukile Property Fund achieved 7.5% growth in dividends to 181.48c a share for the financial year ended March 31, boasting a strong, above-market performance in a “tough” year. At a briefing on its results, on Monday, CEO Laurence Rapp said the year had been characterised by difficult... 

Vukile records above-market full-year performance
Vukile CEO Laurence Rapp

Arrowhead appoints interim CFO, declares lower interim dividend

By: Marleny Arnoldi     29th May 2019 JSE-listed real estate investment trust (Reit) Arrowhead Properties on Wednesday announced the resignation of its CFO Imraam Suleman, following an instance of unauthorised use of company resources. The company has appointed Arend de Kock as interim CFO in Suleman’s place. 

GVK to pay R6m administrative penalty

By: Simone Liedtke     28th May 2019 Construction company GVK-Siya Zama has admitted to collusion and agreed to pay an administrative penalty of just over R6-million, the Competition Commission said on Tuesday. GVK was charged with price fixing, market division and collusive conduct in the construction industry in contravention of... 

Aveng says has received R133m for sale of Aveng Rail

By: African News Agency      28th May 2019 South African conglomerate Aveng said on Tuesday the sale of Aveng Rail as a going concern to Mathupha Capital had now become unconditional and the cash consideration of R133-million was received on May 24. Aveng, which is involved in steel, engineering, manufacturing, mining, concessions, public... 

Kenya engages World Bank for $750m loan for budget support

By: Reuters     28th May 2019 Kenya is negotiating with the World Bank for a $750-million loan for budgetary support, documents on the proposed funding posted on the lender's website showed on Tuesday. The East African nation has multiple development funding programmes, worth billions of dollars, with the Washington-based... 

Canopy by Hilton brand to make its African debut in Cape Town

By: Tasneem Bulbulia     27th May 2019 NYSE-listed hospitality company Hilton has signed a management agreement with South African real estate investment trust Growthpoint Properties to open a hotel under its Canopy by Hilton brand. The 150 guestroom Canopy by Hilton Cape Town Longkloof is expected to begin welcoming guests in 2021... 

Canopy by Hilton brand to make its African debut in Cape Town
Canopy by Hilton Cape Town Longkloof artist's impression

City of Cape Town replaces old swing bridge at V&A Waterfront

By: Marleny Arnoldi     25th May 2019 Designer SMEC South Africa and construction contractor Stefanutti Stocks Coastal have progressed in its work to replace the old swing bridge at the V&A Waterfront that connects the Pierhead and the Clock Tower precincts. The massive structure that is 42 m long and 4 m wide will need to be... 

City of Cape Town replaces old swing bridge at V&A Waterfront
The swing bridge at V&A Waterfront

EPP opens flagship shopping centre in Warsaw

By: Tasneem Bulbulia     24th May 2019 Dual-listed real estate company EPP on Friday opened its flagship development in Warsaw – Galeria Młociny, which gives residents access to more than 200 stores alongside one of the city’s most ambitious food and beverage projects. Galeria Młociny features nearly 85 000 m2 of modern space... 

EPP opens flagship shopping centre in Warsaw
Galeria Młociny

KwaZulu-Natal’s La Lucia mall to receive a major upgrade

By: Tasneem Bulbulia     24th May 2019 The La Lucia mall, in KwaZulu-Natal, is undergoing a major upgrade that will modernise its retail space. The mall has undergone eight extensions and five major mall upgrades since it first opened its doors in 1974. Its most recent major upgrade was in 2003. 

KwaZulu-Natal’s La Lucia mall to receive a major upgrade
La Lucia Mall interior

Growth in SA construction sector expected

24th May 2019 Since the highs last experienced just before the 2010 Soccer World Cup, the construction sector in South Africa and on the continent has yet to see an industry boom. South Africa experienced a technical recession in the first and second quarters of this year. Coupled with 2018’s economic... 

Growth in SA construction sector expected
NETWORKING OPPORTUNITY The construction expo provides unique opportunities for the industry with 9 500 construction professionals from over 45 countries coming together to do business

Construction companies urged to streamline businesses

24th May 2019 With South Africa’s construction sector under growing pressure as a result of slow government infrastructure spending and a tightening economy, construction companies should be looking at ways to streamline their business processes, improve cash flow management and tighten risk management,... 

Construction companies urged to streamline businesses
ANDREW SKUDDER Challenges faced by the industry are compounded by the fact that many construction groups have not digitised operations such as cost-consulting

Software provides support for project’s design phase

By: Thabi Madiba     24th May 2019 To help avoid construction failures for building contractors and consulting engineers, construction fastening and fixing supplier fischer fixings SA’s design software FIXPERIENCE has been developed as a tool to provide safe, reliable and professional support for the design phases of construction... 

Software provides support for project’s design phase
Photo by Creamer Media
ON ITS KNEES The construction industry is currently “dismal and pitiful” considering the inherent infrastructure that exists in South Africa and the opportunities that abound

Full-size wheel loaders now boast advanced features

24th May 2019 Earthmoving equipment supplier CASE Construction Equipment South Africa’s range of full-size F-series wheel loaders has advanced features for faster operation, higher productivity, lower fuel consumption and improved safety on site. “The F-series wheel loaders, with reduced emissions, also offer... 

Full-size wheel  loaders now boast advanced features
EFFICIENT AND SAFE OPERATION There are four working modes – max, economy, normal and auto – which allow the operator to maximise productivity and reduce fuel consumption

Embattled sector necessitates cost containment measures – AfriSam

By: Simone Liedtke     24th May 2019 With the South African construction industry remaining under pressure and in a state of accelerated decline, the need to contain costs continues and correct specification of construction materials remains critical. Construction materials company AfriSam construction materials executive Avi Bhoora... 

Embattled sector necessitates cost containment measures – AfriSam
Photo by Creamer Media's Dylan Slater
AVI BHOORA AfriSam remains hopeful that the country’s embattled construction industry is at the end of the downward cycle

New Port of Ngqura liquid bulk facility to serve South African and African markets

By: Schalk Burger     24th May 2019 A new liquid bulk handling facility at the deep-water Port of Ngqura, in the Eastern Cape, will be built to assist with the predicted future growth of petroleum product consumption in Africa. The terminal – for which civil construction is scheduled to start in July – will serve as a strategic... 

New Port of Ngqura liquid bulk facility to serve South African and African markets

Afrimat’s diversification contributes to strong full-year results

By: Tasneem Bulbulia     23rd May 2019 Industrial minerals and construction materials group Afrimat has recorded a good overall performance for the year ended February 28, and achieved positive results for the period owing to its diversification strategy, Afrimat group CEO Andries van Heerden said in a statement on Thursday. The... 

Cape Town to spend R320m on next phase of hostel transformation programme

By: African News Agency      23rd May 2019 The City of Cape Town on Thursday said that it will be moving forward with plans to upgrade more hostel units in Langa as part of the next phase of the hostel transformation programme, which will cost R320-million. The next phase of the programme, which is set to start in 2020, will see the... 

Tanzania's China-backed $10bn port plan stalls over terms – official

By: Reuters     23rd May 2019 A planned $10-billion port project in Tanzania backed by China has hit an impasse, with the two sides disagreeing on terms of the infrastructure investment, a senior Tanzanian port official said on Wednesday. In 2013, Tanzania signed a framework agreement with China Merchants Holdings... 

Minerals Council welcomes safety improvements, but warns of continuing policy concerns 

By: Nadine James     22nd May 2019 The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on Wednesday. Addressing the council's annual general meeting, he noted that appreciable improvements in the health and safety... 

Minerals Council welcomes safety improvements, but warns of continuing policy concerns
Photo by Creamer Media's Dylan Slater
Minerals Council chairperson Mxolisi Mgojo

SACPCMP calls on construction industry to avoid being timid

By: Simone Liedtke     22nd May 2019 The South African Council for the Project and Construction Management Professions (SACPCMP) has called on the South African construction industry to avoid being timid. In an address at Construction Industry Conversations forum, held last week, SACPCMP registrar Butcher Matutle encouraged the... 

Transnet, CMI Emtateni terminate controversial R4.2bn Durban port expansion contract

By: African News Agency      22nd May 2019 State-owned freight and rail company, Transnet said on Tuesday that its contractor, CMI Emtateni Joint Venture, has terminated its R4.2-billion contract for a megaproject to create deeper berths at the Durban Container Terminal (DCT). This comes after Transnet in November last year stopped all... 

City of Cape Town allocates approximately R25m to give Fisherman’s Lane a facelift

By: African News Agency      21st May 2019 The City of Cape Town on Tuesday said it has allocated approximately R25-million in its proposed budget over the next three years for the upgrade of the coastal infrastructure at Fisherman’s Lane at Strandfontein on the False Bay coastline. "The spring tides and wave action have left its mark on... 

ARM Cement's Kenyan assets sold for $50m – statement

By: Reuters     21st May 2019 The assets of Kenya's ARM Cement have been sold to the National Cement Company for $50-million, its administrator said on Tuesday. ARM Cement was put under administration last August by some of its creditors over a $190-million debt and its shares were suspended from the Nairobi bourse. It has... 

Buoyed by mining recovery, Barloworld looks to Mongolia for growth 

By: Irma Venter     20th May 2019 Barloworld’s results on Monday reflected some of the biggest trends in the South African economy, with the company reporting a sharp drop in equipment sales to the troubled construction industry, as well as a decline in new-vehicle sales and car rental days, but with the mining industry seemingly... 

Buoyed by mining recovery, Barloworld looks to Mongolia for growth
 

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