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Construction News

SepCem reports lower FY18 sales volumes in constrained, competitive cement market

By: Marleny Arnoldi     5th March 2019 JSE-listed Sephaku Holdings on Tuesday reported that its subsidiary Dangote Cement South Africa, or Sephaku Cement (SepCem), had been heavily affected by the depressed macroeconomic environment during the year ended December 31, 2018. The company stated that low cement demand, owing to the weak... 

Policy uncertainty over nuclear build partly led to Necsa crisis, MPs told

By: African News Agency      5th March 2019 Policy uncertainty over South Africa's nuclear build programme contributed to the crisis the South African Nuclear Energy Corporation (Necsa) and its entities currently finds itself in, MPs heard on Tuesday. The board of Necsa and its entities were briefing Parliament's energy portfolio committee... 

National Assembly approves Critical Infrastructure Protection Bill

By: African News Agency      5th March 2019 The National Assembly on Tuesday approved the amended version of the Critical Infrastructure Bill, which replaces the apartheid era law on national key points. The bill will now go to President Cyril Ramaphosa for signing into law, after the National Council of Provinces made changes on... 

Gauteng preparing large projects to tap R100bn blended-finance infrastructure fund 

By: Terence Creamer     5th March 2019 Gauteng Finance MEC Barbara Creecy expressed optimism on Tuesday that the province’s experience in developing a pipeline of blended-finance projects would position it well to tap into the new infrastructure fund being developed by national government. Delivering a R132.4-billion budget for... 

Gauteng preparing large projects to tap R100bn blended-finance infrastructure fund
Photo by Creamer Media's Terence Creamer
Gauteng Finance MEC Barbara Creecy

MAS delivers strong H1 earnings growth

By: Simone Liedtke     4th March 2019 Commercial property investor, developer and operator MAS Real Estate on Monday reported strong results for the six months ended December 31, 2018, which saw the group achieving distributable earnings per share (EPS) of €0.038 for the period. These results represent a 40% increase in distributable... 

Growthpoint signs Altron for a new corporate campus at Woodlands office park 

By: Tasneem Bulbulia     4th March 2019 Growthpoint Properties has secured JSE-listed technology group Altron as a tenant for the 29 000 m2 Woodlands office park, in Woodmead, Sandton. Altron will take up occupancy at the office park in November 2020, with the group’s nine operating companies to be housed under one roof, which is... 

Growthpoint signs Altron for a new corporate campus at Woodlands office park
Rendering of the Altron project

Solid H1 showing for Hyprop’s South African, South-Eastern Europe portfolios

By: Tasneem Bulbulia     1st March 2019 Specialised shopping centre real estate investment trust Hyprop Investments’ distributable income from its South African portfolio increased by 8.8% year-on-year for the six months ended December 31, 2018. Hyprop operates a portfolio of shopping centres in major metropolitan areas across South... 

Tower’s NAVPS increases by 1.8% in H1

By: Tasneem Bulbulia     28th February 2019 JSE-listed real estate investment trust Tower Property Fund, which has a diversified portfolio of properties in South Africa and Croatia, achieved a 1.8% increase in its tangible net asset value per share (NAVPS) to R9.14 for the six months ended November 30, 2018. This is compared with the NAVPS... 

Construction on new mixed-use Barlow Park Precinct to start in May

By: Tasneem Bulbulia     28th February 2019 The R3-billion-plus redevelopment of Barlow Park Precinct, a co-investment between Barloworld, Atterbury Property and African Rainbow Capital, will start in May, Atterbury confirmed in a statement on Thursday. Each party will hold one-third of the property. 

Energy Regulator to announce Eskom tariff decision on March 7 

By: Terence Creamer     27th February 2019 The National Energy Regulator of South Africa (Nersa) will announce its decision on Eskom’s fourth multiyear price determination (MYPD4) application, as well as the State-owned utility's 2017/18 regulatory clearing account (RCA) submission on Thursday March 7. The determination will be released... 

Energy Regulator to announce Eskom tariff decision on March 7
Photo by Creamer Media's Dylan Slater
Nersa panel members listen to presentations during recent public hearings into Eskom's revenue application

‘All hands on deck’ at Fairvest amid tough retail market

By: Simone Liedtke     27th February 2019 South African real estate investment trust (Reit) Fairvest Property on Wednesday announced solid results for the six months ended December 31, 2018, with interim distributions having increased by 8.3% year-on-year to 10.6c a share. CEO Darren Wilder attributed this to the company’s focus on a... 

US government agency’s backing of Tetra4 takes project ‘to next level’ – Renergen CEO  

By: Simone Liedtke     27th February 2019 Integrated alternative and renewable energy business Renergen on Wednesday announced that the US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), had approved a $40-million loan facility in favour of Tetra4’s Virginia gasfield project. Tetra4 is a... 

Nzimande outlines Sanral projects that will benefit from R3.5bn stimulus package

By: Nadine James     26th February 2019 Transport Minster Blade Nzimande on Tuesday revealed that the R3.5-billion set aside for transport under the Economic Stimulus and Recovery Plan would be used to supplement funding in three key focus areas, namely the N2 Wild Coast road (N2WCR) upgrades, in the Eastern Cape, the N3 upgrades, in... 

Melbourne road project takes heavy toll on WBHO 

By: Irma Venter     26th February 2019 A botched roads project in Melbourne, Australia, saw operating profit at Wilson Bayley Holmes-Ovcon (WBHO) nose-dive from R510-million for the six months to end December 2017, to R3-million for the same period last year. The Western Roads Upgrade (WRU) design and construct project consists of the... 

Melbourne road project takes heavy toll on WBHO

Aveng outlines piecemeal sale process being pursued at Grinaker-LTA 

By: Terence Creamer     26th February 2019 JSE-listed construction and engineering group Aveng says the disposal process for Grinaker-LTA is well advanced, but has also confirmed that the company will not be sold as a single going concern. The R95-million sale of Aveng Water has already been agreed and newly appointed CEO Sean Flanagan... 

Aveng outlines piecemeal sale process being pursued at Grinaker-LTA
Photo by Creamer Media's Dylan Slater
Aveng executive chairperson Eric Diack and CEO Sean Flanagan

Wild Coast Sun hotel achieves Net Zero Waste rating

By: Marleny Arnoldi     26th February 2019 Hotel and resorts group Sun International has become the first company in Africa to receive a Green Building Council of South Africa (GBCSA) Net Zero Waste rating for an ambitious recycling effort at its Wild Coast Sun property, in Port Edward. The award is the first of its kind in the country... 

Wild Coast Sun hotel achieves Net Zero Waste rating
Wild Coast Sun hotel, Port Edward

Cashbuild interim earnings down 11%

By: African News Agency      26th February 2019 Southern Africa’s largest retailer of building materials and associated products Cashbuild on Tuesday reported an 11% decrease in interim headline earnings per share. Cashbuild still declared an interim dividend of 435c per ordinary share for the six months to December. 

City of Cape Town pumps billions into housing developments

By: News24Wire      26th February 2019 Cape Town Mayor Dan Plato has announced that more than R4-billion has been allocated to formalising informal accommodation, such as informal settlements and backyard dwellings. Plato said R713-million of the R4-billion mentioned has been earmarked for investment in backyarder service provision... 

Texton secures lease renewal with Truworths in Durban

By: Marleny Arnoldi     26th February 2019 Real estate investment trust (Reit) Texton Property Fund has secured a long-term lease renewal with clothing retailer Truworths for its prominent high street shop in central Durban, which is one of the group’s biggest stores in South Africa. Truworths has renewed its lease over 5 000 m2 of... 

Texton secures lease renewal with Truworths in Durban
Truworths on West Street, Durban

Helios to build 1 000 towers in South Africa 5G networks push

By: Bloomberg     25th February 2019 Helios Towers wants to build 1 000 telecommunication towers in South Africa in the next three years as it tries to capitalize on rapid growth in mobile services and shape up for an initial public offering. The company operates cellphone towers in countries including Ghana, Tanzania and the... 

Mtentu bridge will be built, assures Sanral’s Kannemeyer  

By: Irma Venter     25th February 2019 The Mtentu bridge will be built, but when this will happen is not yet certain, says South African National Roads Agency Limited (Sanral) engineering executive Louw Kannemeyer. The Aveng Strabag joint venture (ASJV) in early February terminated the R1.6-billion bridge contract, in the Eastern Cape. 

Mtentu bridge will be built, assures Sanral’s Kannemeyer
The proposed Mtentu bridge

Sasol to accelerate portfolio ‘simplification’ as review of 100 assets nears completion  

By: Terence Creamer     25th February 2019 Chemicals and energy group Sasol confirmed on Monday that its asset review was at an advanced stage and indicated that it would, in the coming months, accelerate efforts to simplify its portfolio. The group has indicated previously that it expects to realise more than $1-billion from the disposal... 

Sasol to accelerate portfolio ‘simplification’ as review of 100 assets nears completion
Sasol joint CEO Bongani Nqwababa on why 2019 is a 'defining year' for the group. Camera Work & Editing: Darlene Creamer. Recorded: 25.2.2019

L2D grows distributions a share to 60c for FY18

By: Marleny Arnoldi     25th February 2019 Following the successful implementation of a corporate restructure, JSE-listed real estate investment trust (Reit) Liberty Two Degrees (L2D) reported a distribution a share of 60c for the year ended December 31, 2018, compared with the distribution a share of 59.2c for the prior financial year.... 

New Tshwane mayor cancels controversial GladAfrica contract

By: News24Wire      25th February 2019 Newly elected Tshwane Mayor Stevens Mokgalapa has announced that the City has cancelled the scandal-ridden GladAfrica contract. Mokgalapa made the announcement at a media briefing in Pretoria early on Monday morning, reports eNCA. The mayor reportedly said the contract was terminated by mutual... 

New Tshwane mayor cancels controversial GladAfrica contract
Tshwane Mayor Stevens Mokgalapa

Transnet sets up war room to combat infrastructure-theft surge and line sabotage 

By: Terence Creamer     22nd February 2019 Transnet Freight Rail (TFR) has set up a war room together with the South Africa Police Service (SAPS) in a bid to deal with a surge in infrastructure theft, as well as recent acts of sabotage and vandalism on its key coal corridor from Ermelo, in Mpumalanga, to Richards Bay, in KwaZulu-Natal. On... 

Transnet sets up war room to combat infrastructure-theft surge and line sabotage

Ennerdale school shut amid collapse fears

By: News24Wire      22nd February 2019 The Gauteng department of education has done nothing to address crumbling infrastructure at Ennerdale Secondary School, putting more than 1 200 pupils' lives at risk, say parents at the school. The parents have lambasted the department and its MEC, Panyaza Lesufi, saying their dithering could see... 

Joburg adopts inclusionary housing framework where rich and poor will live side by side

By: African News Agency      22nd February 2019 Joburg Metro mayor Herman Mashaba has announced the Inclusionary Housing: Incentives, Regulations and Mechanisms Framework, which ushers in a housing plan that will make 30% of new residential developments available for affordable housing.  The scheme will see 'mixed' housing with lower income... 

More trade-focused lighting solutions for the construction industry

By: Thabi Madiba     22nd February 2019 With lighting being a critical factor on any job site, as workers need to be able to see properly in order to carry out their work safely and correctly, heavy-duty, portable electric power tools and accessories manufacturer Milwaukee is investing significantly in the development of its lighting... 

More trade-focused  lighting solutions for the construction industry
WERNER KOCH Lighting is a critical factor on any job site, as workers need to be able to see properly in order to carry out their work safely and correctly

Labour broking not a dying breed

By: Halima Frost     22nd February 2019 Although the temporary employment sector has been under pressure over some years it has now reached a level they are regarded as legitimate for sectors in an open economy.  The industry continues to play a significant role in sectors of the economy including the Constructional Engineering... 

Labour broking  not a dying breed
LABOUR LINEUP Labour broking is still a viable option for many short-term projects

Promising growth in construction sector brings hope for 2019

By: Halima Frost     22nd February 2019 Despite the contribution of the construction sector to local economic activity being inconsistent, and having decreased significantly over the years, Constructional Engineering Association (CEA) executive director Anthony Boy is hopeful that there will be an upturn in investments in the sector... 

Promising growth in construction sector brings hope for 2019
PAST, PRESENT AND FUTURE Anthony Boy and Louis Breckenridge speak of their hopes for the future

AHR Expo showcases excitement at HVAC global market expansion

22nd February 2019 The latest advancements in technology and product advancement in the heating, ventilation and air conditioning (HVAC) industry were on display during the three-day 2019 AHR Expo that took place last month from 14 to 16 January in Atlanta in the US. For the first time since 2001, 1 824 companies... 

AHR Expo showcases  excitement at HVAC  global market expansion
ENERGY FOR FUTURE OF HVAC The HVACR industry is in a exciting position at the moment and that energy was evident on the Show Floor this year

Unregistered HVAC practitioners still a threat to industry – Saracca

By: Cameron Mackay     22nd February 2019 Despite improvement in the number of people who are obtaining training and qualifications to become registered refrigeration gas practitioners, the number of air conditioner installers without an authorised refrigeration gas practitioner registration licence, or with a fraudulent certification,... 

Unregistered HVAC practitioners still a threat to industry – Saracca
Photo by Hot Mustard
VITAL QUALIFICATIONS There are many employment opportunities for those trained and certified practitioners who are compliant

BBE Group air-cooling consulting crucial to African mining prospects

By: Cameron Mackay     22nd February 2019 Consulting and engineering services business Bluhm Burton Engineering (BBE) Group’s air-cooling consulting and services are crucial to its involvement in several mining projects, with construction and delivery of design and build turnkey cooling solutions to mines across the African continent.... 

BBE Group air-cooling  consulting crucial to African mining prospects
TRANSCONTINENTAL AFRICA FOCUS We’re not considering entering the HVAC industry locally we are staying in our market - where people fear to tread

AfriSam expects ‘tough 2019’ amid continuing political, policy uncertainty  

By: Simone Liedtke     21st February 2019 Construction materials company AfriSam CEO Rob Wessels expects “a tough 2019”, especially amid ongoing political and policy uncertainty. Wessels was, on Thursday, joined by political analyst Aubrey Matshiqi and AfriSam sales and marketing executive Richard Tomes at a briefing post Finance... 

AfriSam expects ‘tough 2019’ amid continuing political, policy uncertainty
AfriSam sales and marketing executive Richard Tomes discusses AfriSam and its expectations for 2019. Video: Perfect Directions. Editing: Creamer Media's Christo Greyling

Zambia, Zimbabwe shortlist foreign firms to build hydro plant 

By: Reuters     21st February 2019 Zambia and Zimbabwe have shortlisted American, European and Chinese companies to build the Batoka Gorge hydro power plant, the ministry of finance said in statement on Wednesday. Preparatory studies, including engineering feasibility, for the 2 400 MW power station will be completed by end of the... 

ANC Gauteng calls for accelerated release of provincial land for student accommodation

By: News24Wire      21st February 2019 The ANC in Gauteng says one of the ways that tackling the rising lack of student accommodation for higher education students can be fast-tracked is if the provincial government releases land and property it owns. This would be through a rapid land release programme, the subcommittee on education,... 

Industries and municipalities contribute to Vaal river pollution, SAHRC hears

By: Schalk Burger     20th February 2019 There is continued unlawful spillage, mainly sewage, into waterways that run into the Vaal river from the Emfuleni region, the South African Human Rights Commission (SAHRC) was told on Wednesday, during the final sitting of its inquiry into the contamination of the river. South African National... 

 

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