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Construction News
Development finance agency highlights Africa’s infrastructure needs and opportunities
By: Rebecca Campbell 17th May 2024 The Africa Finance Corporation (AFC), which exists to catalyse private-sector investment in African infrastructure, on Friday released its latest report, State of Africa’s Infrastructure Report 2024: The infrastructure imperative: Igniting Africa’s Industrial Renaissance. This found that the... →
George building collapse rescue, recovery operations wrapped up
By: Chanel de Bruyn 17th May 2024 Western Cape Minister of Local Government, Environmental Affairs and Development Planning Anton Bredell has confirmed that the rescue and recovery operation at the site of a building collapse, in George, has been concluded. More than 1 000 rescue, support and volunteer workers carried out the... →
Today’s well-supplied market for critical minerals ‘may not be a good guide for future’
By: Terence Creamer 17th May 2024 A new International Energy Agency (IEA) report describes the sharp decline in critical mineral prices over the past year as a double-edged sword, cautioning that, while it has been a boon for clean energy deployment and affordability, it is a bane for critical mineral investment and... →
Boiler rebuild to be delivered to biomass power station
17th May 2024 Flow control solutions developer Valmet announced in April that it would deliver a major boiler rebuild to the Steven’s Croft biomass power station in Lockerbie, Scotland in the UK, which is operated by energy infrastructure operator E.ON. The order is included in Valmet’s orders received in the... →
Solutions provider helps manage emissions reduction
By: Halima Frost 17th May 2024 As a company that delivers modern, efficient solutions for oil and gas burner and boiler installations, Combustion Technology prides itself on its continuous carbon reduction cognisance, both for its own operations and for those of its clients, says Combustion Technology MD Grant Renecle. He... →
Alley Roads’ Riverstone Mall kickstarts R600m development injection for Meyerton
By: Sabrina Jardim 16th May 2024 Property developer Alley Roads has unveiled Riverstone Mall in Meyerton – its first retail development currently under construction – as part of its pipeline of 175 000 m2 of retail space earmarked for township and peri-urban areas across South Africa. The development of the R370-million mall,... →
Afrimat delivers strong full-year results, continuing growth
By: Tasneem Bulbulia 16th May 2024 During its financial year to February 29, midtier mining and materials company Afrimat invested considerably in projects that are expected to yield fruitful returns and further strengthen diversity and competitive advantage, group CEO Andries van Heerden said. One such project was the Nkomati... →
Concor’s Msikaba bridge progresses to highly technical phases
By: Irma Venter 16th May 2024 Construction at the Msikaba Bridge on the N2 in the Eastern Cape is set to move up a gear this year, with a number of challenging technical activities to be tackled. According to contractor Concor, these include post-tensioning the anchor blocks, installing pylon inserts and building the ladder... →
Opinion: Time to open the floodgates on infrastructure development
16th May 2024 In this article, Stellenbosch University PhD student and Centre for Sustainability Transitions junior researcher Alboricah Rathupetsane writes about the impact of extreme weather events on South Africa's infrastructure and the need for increased investment in infrastructure development, as well... →
Rescue workers searching two remaining sections at George building collapse
By: Creamer Media Reporter 16th May 2024 The George municipality says about 2 500 t of building rubble has been removed from the site of the collapsed building in the town, which has so far claimed the lives of 33 people. About 500 t of rubble remains on site, as rescuers near day ten of rescue and recovery efforts →
Forensic pathologists identify 18 of the 33 deceased in George building collapse
By: Creamer Media Reporter 15th May 2024 Forensic Pathology Services have, as at 06:00 on May 15, identified 18 of the workers killed in the collapse of a partially built residential building in George. The death toll has reached 33, while 19 people are still unaccounted for eight days after the building's collapse. →
Equites reports sustained growth in rentals market
By: Darren Parker 14th May 2024 Real estate investment trust Equites Property Fund has reported sustained growth in its rental portfolio over the past few years and expects this trend to continue. In its results presentation for the 2024 financial year, where the company highlighted a dividend a share of R1.31 at a 100% payout... →
Dipula reports improved metrics, hones in on solar
By: Sabrina Jardim 14th May 2024 JSE-listed real estate investment trust Dipula Income Fund has reported improved operational and financial metrics, as well as strategic gains in a period that marked the first phase of its new solar PV initiative roll-out for the six months ended February 29. Dipula’s revenue grew by 9% and its... →
Octodec grows interim retail income despite challenging conditions
By: Tasneem Bulbulia 14th May 2024 JSE-listed real estate investment trust Octodec Investments achieved income growth of 3.1% for the six months ended February 29, largely driven by higher rentals in its residential portfolio. Rental income for the period was just over R1-billion, compared with R974.2-million in the first half of... →
Pathology services seek to expedite identification as George building collapse death toll reaches 32
By: Creamer Media Reporter 14th May 2024 Forensic Pathology Services (FPS) and the South African Police Service are planning to expedite the identification of persons killed in a building collapse in George, in the Western Cape, with only six of the 32 deceased persons identified thus far. Eighty-one people were working on site on the... →
UJ becomes Project Management Institute’s first academic partner
By: Tasneem Bulbulia 13th May 2024 The Project Management Institute (PMI) has announced the addition of the University of Johannesburg (UJ) to its list of authorised training partners (ATP). With this, UJ becomes PMI’s first academic ATP in South Africa to offer PMI Construction Professional (PMI-CP) certification training. →
Calgro M3 issues maiden dividend, posts robust results
By: Schalk Burger 13th May 2024 Residential-focused property developer Calgro M3 has issued a maiden dividend of 9.49c a share after posting a record gross profit margin of 27.25% for the financial year ended February 29, and profit after tax increased to R196.8-million, up from R186.29-million in the preceding financial year.... →
Death toll in George building collapse rises to 27
By: Creamer Media Reporter 13th May 2024 The George municipality has reported that, as at 15:00 on May 13, 25 people still remain unaccounted for following last week's building collapse. The death toll has risen to 27, while 13 people remain in hospital. →
Contractors, sub-contractors battling as late payments accelerate – MBA North
By: Irma Venter 13th May 2024 The construction industry value-chain is at risk of collapsing as shrinking margins, unfair practices and payment issues continue to undermine the sector. This is according to members of the Master Builders Association (MBA) North, who warn that “urgent dialogue and change” are needed to address... →
Raubex sees 28% bounce in its order book despite challenging environment
By: Irma Venter 13th May 2024 Raubex saw a 28% jump in its order book for the financial year ended February 29, to R25.55-billion, compared with R20-billion in the previous financial year. “This is testimony to our diversified business model,” said CEO Felicia Msiza on Monday as the group released its financial results. →
AFC-led consortium financing large-scale road infrastructure development in Angola
By: Rebecca Campbell 10th May 2024 The Africa Finance Corporation (AFC) announced on Friday the signing of a €381.5-million financing package for road transport infrastructure development in Angola. The AFC, founded in 2007, serves to catalyse private sector-led infrastructure development across Africa. This latest financing... →
George building collapse death toll rises to 12
By: Creamer Media Reporter 10th May 2024 The George municipality has confirmed that three more bodies have been retrieved from the site of a collapsed building, taking the death toll to 12. Eighty-one people were on-site at the time of the building's collapse on Monday afternoon. By Friday, 41 people were still unaccounted for. Thirteen... →
Balwin seeks to broaden access to padel in South Africa
By: Sabrina Jardim 10th May 2024 Balwin Padel, a division of JSE-listed property developer Balwin Properties, opened four new padel courts at its Thaba Eco Lifestyle Centre, in Gauteng, at the end of April. The sports centre now has six padel courts available to residents of the Thaba Eco Estate and to the public. Players can... →
Tunnel section installed emissions-free using battery power
10th May 2024 A standard skidding operation evolved into an opportunity for heavy lifting solutions provider Mammoet to showcase its ability to reduce the carbon footprint of civil projects while minimising disruption. Mammoet was tasked by multidisciplinary infrastructure company Stadsbader Contractors to... →
Organisers expect record attendance at event
By: Halima Frost 10th May 2024 With ballooning foot traffic, demonstrated by an increase in attendance of 81% from 2022 to 2023, the organisers of this year’s Enlit Africa anticipate a “bumper event that will be attended by global dignitaries and industry leaders”. The Enlit Africa 2024 will be held at the Cape Town... →
Conditions still challenging, but contractors report noticeable uptick – MBA North
By: Irma Venter 10th May 2024 Last year was one of the most challenging years the Master Builders Association (MBA) North has ever experienced, with many of its long-standing members entering business rescue or closing their doors, says MBA North executive director Mohau Mphomela. The 120-year-old employers’ body serves the... →
Deadline for latest battery procurement also extended as IPPs adjust to Eskom’s new grid access rules
By: Terence Creamer 9th May 2024 The deadline for South Africa’s recently launched third battery energy storage bidding round, or bid window three (BW3), has been extended by three months to October 31, following a recent deadline extension for the concurrent second battery bidding round from April 30 to June 6. Independent... →
Underspending on repairs, maintenance impacting on Joburg infrastructure – JoburgCAN
By: Sabrina Jardim 9th May 2024 Following a decade of underspending on repairs and maintenance on infrastructure, JoburgCAN, an initiative of the Organisation Undoing Tax Abuse (Outa), says it is “gravely concerned” over the budget allocations for the maintenance of fixed assets in the City of Johannesburg’s draft budget for... →
Hope fades for 44 trapped in collapsed South Africa building
By: Reuters 9th May 2024 Relatives of 44 construction workers trapped under a collapsed building in the South African city of George faced a fourth day of anguished waiting on Thursday as heavy machinery worked at the site in a race against time to find any survivors. Of 81 people who were on site when the five-storey... →
Equites starts wheeling power from distribution centre to head office in Cape Town
By: Marleny Arnoldi 8th May 2024 Property developer Equites Property Fund has officially started wheeling renewable energy onto Cape Town’s grid from solar panels atop its newly built distribution centre in Parow. The company is among the first to begin wheeling energy for the municipal grid, with its current offtaker being a... →
TPT to continue to invest in Durban Pier 2 while legal spat over private partner plays out
By: Terence Creamer 8th May 2024 South Africa’s Transnet Port Terminals (TPT) says it will continue to invest in Durban Container Terminal (DCT) Pier 2 while legal proceedings around its selection of International Container Terminal Services (ICTSI), of the Philippines, for a 25-year partnership at what is South Africa’s largest... →
Engineering organisations, labour dept urge patience as cause of George building collapse awaits determination
By: Schalk Burger 8th May 2024 Civil engineering and construction industry organisations the South African Institution of Civil Engineering (Saice), Consulting Engineers South Africa (CESA) and Master Builders South Africa (MBSA) have urged patience to allow for investigations into the cause of the building collapse in... →
Attacq subsidiary acquires remaining 20% stake in Mall of Africa
By: Sabrina Jardim 7th May 2024 JSE-listed real estate investment trust (Reit) Attacq’s 70% held subsidiary, Attacq Waterfall Investment Company (AWIC), has acquired the remaining 20% stake in Mall of Africa from the Atterbury Group. AWIC already held an 80% stake in the asset. →
NamPower grid-strengthening and battery storage project secures $138.5m World Bank backing
By: Terence Creamer 7th May 2024 The World Bank has approved a $138.5-million finance package to support the integration of renewable energy into Namibia’s electricity system by strengthening its transmission grid and integrating a second utility scale battery storage system into the country’s network. The initiative, which is... →
Dozens trapped in building collapse in South Africa
By: Reuters 7th May 2024 Rescuers searched through the debris of a multi-storey building collapse in the South African city of George that left four people dead and dozens still trapped early on Tuesday. Twenty-four construction workers who were at the site of the unfinished building when it collapsed have been removed... →
Redefine choosing to remain optimistic despite challenging market conditions
By: Tasneem Bulbulia 6th May 2024 JSE-listed Redefine Properties reported solid results for the six months to February 29, despite prevailing challenging economic conditions in South Africa, including the impact of high interest rates, loadshedding and consumer strain, CEO Andrew König said in a briefing on May 6. He said the... →
WBHO completes two solar plants, impactful community initiatives in Lichtenburg
By: Marleny Arnoldi 3rd May 2024 Construction group Wilson Bayly Holmes-Ovcon (WBHO) and renewable energy company Sola Group have completed construction of the Merak 2 & 3 solar photovoltaic projects near Lichtenburg, in North West. The two solar plants, with capacities of 130 MW and 126 MW, respectively, span an area of 4 km2... →
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