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Construction News

Egypt's Sisi opens huge suspension bridge over the Nile

By: Reuters     15th May 2019 Egyptian President Abdel Fattah al-Sisi on Wednesday opened a suspension bridge over the Nile touted as the world's widest, one of a series of military-led, megaprojects designed to improve infrastructure and provide jobs. The bridge, which crosses the Nile just north of central Cairo, is a key... 

LafargeHolcim CEO eyes up to ten deals this year

By: Reuters     15th May 2019 LafargeHolcim expects to increase the number of small acquisitions it makes this year after buying four businesses so far in 2019, CE Jan Jenisch said on Wednesday. "We are trying to get a more dynamic start to the process to do bolt-ons this year," Jenisch told reporters, noting that... 

Difficult trading environment, writedowns cuts Rebosis’ interim distributions

By: Simone Liedtke     14th May 2019 JSE-listed real estate investment trust (Reit) Rebosis Property’s distributable income decreased by 61% year-on-year to R195-million for the six months ended February 28. Of this, R96-million was as a direct result of the Reit’s exposure to New Frontier Properties, it said on Tuesday. 

UCT engineers test Maputo-Katembe suspension bridge

By: Simone Liedtke     14th May 2019 University of Cape Town (UCT) Department of Civil Engineering Emeritus Professor Mark Alexander’s wish to stand on top of a suspension bridge and experience its combined forces of nature and structural engineering was recently fulfilled when he got to inspect the R11.3-billion Maputo-Katembe... 

UCT engineers test Maputo-Katembe suspension bridge

Calgro M3 positioned for growth, despite challenging environment

By: Simone Liedtke     13th May 2019 JSE-listed property and property-related investment company Calgro M3 on Monday reported that its basic earnings a share for the year ended February 28 decreased by 97.31% to 2.53c. It also posted a headline loss a share of 19.01c for the financial year – down 121% year-on-year. 

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique 

By: Terence Creamer     13th May 2019 South Africa is failing to fully grasp the energy and economic significance of the impending development of the enormous gas reserves discovered in northern Mozambique since 2010, Standard Bank oil and gas specialist Paul Eardley-Taylor argues. Between 150- to 200-trillion cubic feet of gas has... 

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique

Raubex uncertain about South African construction industry’s future

By: Simone Liedtke     13th May 2019 Infrastructure development and construction materials group Raubex’s 2019 financial year was characterised by a lack of work, coupled with violent community unrest that affected several of its sites, CEO Rudolf Fourie said on Monday. The adverse conditions resulted in Raubex having to rightsize a... 

Davies approves Bojanala SEZ recommendation

By: Simone Liedtke     13th May 2019 Trade and Industry Minister Dr Rob Davies on Monday notified the public and interested parties of his intention to designate the Bojanala Special Economic Zone. The public and interested parties will have 30 days from the date of the publication of the notice in the Government Gazette to support... 

Vukile buys three shopping centres from Rebosis for R1.8bn

By: Marleny Arnoldi     13th May 2019 JSE-listed Rebosis Property will sell three properties to JSE-listed Vukile Property Fund for R1.8-billion. The properties are Mdantsane City shopping centre, Sunnypark shopping centre and Bloedstreet Mall.  

Octodec grows interim rental income, but warns of lower full-year dividend

By: Marleny Arnoldi     13th May 2019 JSE-listed Octodec managed to grow its rental income by R47-million, or 5.2%, in the six months ended February 28, compared with the six months ended February 28, 2018, despite continued dampened consumer spend, lower growth in retail rental income and higher property operating costs. Octodec... 

Octodec grows interim rental income, but warns of lower full-year dividend
Octodec MD Jeffrey Wapnick

World's coal miners may be digging themselves into another glut

By: Bloomberg     13th May 2019 A global push to dig new mines for steelmaking coal is drawing warnings that a supply glut could push the industry from a boom to a bust, mirroring the brutal 5-year price slump that ended in 2016. Coal’s use to generate electricity has declined precipitously in the US despite a revival push by... 

World's coal miners may be digging themselves into another glut

Tanzania rail project to take half of Transport Ministry's budget

By: Bloomberg     10th May 2019 Tanzania’s transport ministry is seeking approval from lawmakers for its 2019/20 budget of 4.96-trillion shillings ($2.15-billion), which includes 2.48-trillion shillings for construction of a standard-gauge railway line. The railway line will link the East African nation’s commercial city of Dar... 

L2D to ban plastic shopping bags in its malls by January 2020

By: Marleny Arnoldi     10th May 2019 JSE-listed real estate investment trust (Reit) Liberty Two Degrees will implement a “no plastic shopping bags” policy at its portfolio of malls from January 2020. The Reit said in a statement on Friday that the future of retail was defined by a continued adoption of standards that meet... 

L2D to ban plastic shopping bags in its malls by January 2020
L2D CE Amelia Beattie

South African company secures Potain distributorship

By: Nadine James     10th May 2019 Having secured Southern African distributorship for French tower- and self-erecting crane producers Potain, service provider Crane & Hoist Equipment SA expects to continue its sustainable growth path over the next five years, says sales director Louw Smit. The distributorship, effective as of... 

Rising demand for versatile mini cranes

By: Schalk Burger     10th May 2019 There is growing demand for the versatile and compact Unic Spider Mini Cranes in South Africa’s construction and mining sectors, says local distributor B & B Group CEO Bob Fogg. The cranes range from 1 t to 10 t cranes, and many are small enough to fit through doors and into confined construction... 

Rising demand for versatile mini cranes
TANDEM LIFT Two 2.9 t cranes and a 6 t crane in a tandem lift move an imported fish tank

Equites achieves strong full-year results

By: Tasneem Bulbulia     9th May 2019 JSE-listed Equites Property Fund recorded growth of 11.8% in its per-share distribution for the year ended February 28, to 138.43c, along with robust growth in the net asset value a share of 10.2% to R16.92. Speaking at a results presentation in Johannesburg on Thursday, Equites COO Riaan Gous... 

Indluplace warns of lower dividends as difficult conditions persist

By: Simone Liedtke     9th May 2019 JSE-listed real estate investment trust Indluplace has warned of a 20% decrease in its dividend for the financial year ended September 2019, as difficult trading conditions previously flagged have turned out to be “considerably worse”. The residential-focused property fund on Thursday declared a... 

Indluplace warns of lower dividends as difficult conditions persist
Indluplace CEO Carel de Wit

Sappi says dissolving wood pulp prospects remain strong despite near-term pressures 

By: Terence Creamer     9th May 2019 Diversified forests products group Sappi is warning of lower full-year earnings, owing to ongoing market weakness for graphic paper, as well as near-term pricing and volume pressures for its expanding dissolving wood pulp business. The company reported a decline second-quarter profit to... 

Sappi says dissolving wood pulp prospects remain strong despite near-term pressures

FLSmidth boosts local engineering facility 

9th May 2019 Mining and cement equipment multinational FLSmidth has completed a second upgrade of its Delmas facility, which engineers and manufacturers components and equipment for local, regional and export clients. Schalk Burger has the story. 

FLSmidth boosts local engineering facility
FLSmidth boosts local engineering facility

Nersa sets May 24 deadline for comment on overhauled SSEG exemption rules

By: Terence Creamer     9th May 2019 The National Energy Regulator of South Africa has finally released a consultation paper for an updated Licensing Exemption and Registration Notice for certain categories of small-scale embedded generators, which was submitted to the regulator for its concurrency by Energy Minister Jeff Radebe... 

Nersa sets May 24 deadline for comment on overhauled SSEG exemption rules

Tanzania plans cable car for Mount Kilimanjaro

By: Reuters     7th May 2019 Tanzania wants to boost tourist numbers by putting a cable car on Mount Kilimanjaro, Africa’s tallest mountain, and is in talks about the project with a Chinese and a Western company. Around 50 000 tourists climb Kilimanjaro annually. A cable car could increase tourist numbers by 50% by providing... 

Tanzania plans cable car for Mount Kilimanjaro
Photo by Reuters
Mount Kilimanjaro

Eberhard calls for renewables to play a far greater role in South Africa 

By: Kim Cloete     7th May 2019 Energy expert Anton Eberhard has called for renewable energy to play a far greater role in South Africa, adding that solar and wind energy had saved the country from what could have been a far darker place during the recent spate of load-shedding. “Independent power producers have mitigated... 

Eberhard calls for renewables to play a far greater role in South Africa
Photo by Creamer Media
Anton Eberhard

Sub-Saharan African construction activity set to pick up despite risks

By: Marleny Arnoldi     7th May 2019 International consultancy and construction company Mace expects construction activity in sub-Saharan Africa to grow over the next two years, despite various risk factors that threaten to limit economic growth. Mace says that the overall outlook for construction activity in sub-Saharan Africa is... 

Sub-Saharan African construction activity set to pick up despite risks

Abland, Tiber on schedule to complete Phase 1 of Sandton Gate development

By: Tasneem Bulbulia     7th May 2019 Abland and Tiber, joint developers of the Sandton Gate precinct, are on track to complete Phase 1 of the mixed-use development. The first phase will include 15 500 m² of commercial space, 13 000 m² of P-grade office space and a 2 500 m² Planet Fitness positioned on the piazza level of the building. 

Abland, Tiber on schedule to complete Phase 1 of Sandton Gate development
Rendering of Sandton Gate

Redefine maintains sustained growth, value creation despite difficult local climate  

By: Tasneem Bulbulia     6th May 2019 JSE-listed Redefine Properties, which increased its distribution for the six months ended February 28 by 4% to 49.2c, maintained a strong platform for sustained growth and value creation despite ongoing economic and political uncertainty. The South Africa-based real estate investment trust holds... 

Redefine maintains sustained growth, value creation despite difficult local climate
Redefine CFO Leon Kok outlines the company’s performance for the period

IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls  

By: Terence Creamer     6th May 2019 The International Energy Agency has expressed concern over the “unexpected flattening” of renewable-energy capacity additions in 2018, which, at 180 GW, remained in line with additions recorded in 2017. It was the first time since 2001 that year-on-year additions of renewable energy failed to... 

IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls

Massmart’s Hayward to step down as CEO

By: Simone Liedtke     6th May 2019 Massmart CEO Guy Hayward has informed the company of his intention to step down from his position before the end of this year. The timing of his exit is still to be confirmed as he and the board embark on the process of ensuring a seamless transition. 

Insurers are rethinking construction sector risk mitigation – Allianz

By: Marleny Arnoldi     3rd May 2019 As construction projects become bigger and harder to fund, given rate pressures and market challenges, many insurers are exiting or scaling back in the engineering market, says Allianz Global Corporate & Specialty (AGCS) Africa property and engineering head Seelan Naidoo. He explains that the... 

New TCTA board announced

By: Marleny Arnoldi     3rd May 2019 Water and Sanitation Minister Gugile Nkwinti has appointed a new board for State-owned water infrastructure project implementer Trans-Caledon Tunnel Authority. The board will serve until April 30, 2022. 

New TCTA board announced
Photo by Creamer Media
TCTA Vaal pipeline project

Built environment still plagued by falling-from-height accidents – federation

By: Marleny Arnoldi     3rd May 2019 Nelson Mandela University has found that the indirect costs of falling-from-height (FFH) accidents are 14.2 times the direct costs, reports the Federated Employers Mutual Assurance Company. This is backed by UK-based Health and Safety Executive research, which determined the indirect costs of... 

Built environment still plagued by falling-from-height accidents – federation

Africa gains traction as trade destination

By: Jessica Oosthuizen     3rd May 2019 Africa, as a trade and export destination, is looking increasingly attractive from a South African perspective, and represents an opportunity for growth for many South African companies, says research and consulting specialist Africa House MD Liz Whitehouse. Africa offers South African companies... 

Africa gains traction as trade destination
Photo by Creamer Media
MAKING PROGRESS Several industries and factors are driving growth in sub-Saharan Africa, including agricultural development and power

Firm well-positioned for business in Botswana and Africa

By: Jessica Oosthuizen     3rd May 2019 The working environment in Botswana is stable, and civil and structural engineering firm ADA Consulting Engineers welcomes the country’s focus on infrastructure development, which the company is well-positioned to support, says ADA Consulting Engineers director Paul Maitre. The company’s office,... 

Firm well-positioned for business in Botswana and Africa
DESIGN AND DEVELOPMENT Last year, ADA Consulting Engineers completed work for the extension of the Airport Junction shopping centre, in Gaborone

Partnership aims to enhance local fluid power sector

3rd May 2019 Incorporated fluid power technology provider Hyflo Southern Africa has been incorporated into engineering products and service provider Bearing Man Group’s (BMG’s) fluid technology division. 

Partnership aims to enhance  local fluid power sector
OPPORTUNITIES THROUGH PARTNERSHIP With access to BMG’s central support functions, including engineering, technical expertise and manufacturing skills, Hyflo can further improve its service to its customer base

Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO 

By: Terence Creamer     2nd May 2019 State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12... 

Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO
Photo by Creamer Media's Dylan Slater
New acting Transnet CEO Mohammed Mahomedy

Builders Warehouse unveils new Boksburg store

By: Marleny Arnoldi     30th April 2019 Builders Warehouse has opened its latest store in Boksburg, which was developed as a replacement to its former store. The new 15 170 m2 box format store’s design entailed a new layout and look and feel, to align with Builders’ digitalisation and counter-driven strategy. 

Builders Warehouse unveils new Boksburg store
Photo by Creamer Media's Dylan Slater
Builders Warehouse CEO Llewellyn Walters

NHBRC deregisters errant builders from it database

By: Tasneem Bulbulia     30th April 2019 The National Home Builders Registration Council (NHBRC) has deregistered 17 contractors and builders from its database of approved homebuilders following the outcome of a disciplinary hearing. The names of the affected contractors have been published in the Government Gazette of March 15. 

High Court turns down N2 Wild Coast Road appeal

By: Tasneem Bulbulia     30th April 2019 The South African National Roads Agency Limited (Sanral) on Tuesday welcomed a ruling by the North Gauteng High Court to deny an appeal against a decision that confirmed the road agency’s decision to proceed with the construction of the N2 Wild Coast Road (N2WCR). In an earlier judgment, Judge... 

 

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