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Construction News
Radisson to open its first hotels in Tanzania as part of African expansion
By: Schalk Burger 25th June 2024 Radisson Hotel Group will add seven new hotels, with more than 1 200 rooms, to its African portfolio and will open two hotels in Dar es Salaam and in Mwanza, in Tanzania, in 2025. The new hotels have expanded the group’s footprint in Africa to nearly 100 hotels in operation and development in 30... →
Eskom issues tender for 26 large transformers to panel of five selected suppliers
By: Terence Creamer 24th June 2024 Eskom reports that it has appointed five transformer companies to a panel of suppliers that will compete for upcoming contracts for a total of 101 large-scale transformers that will be installed over the coming four years as part of its Transmission Development Plan (TDP). The suppliers were not... →
Hyprop expects higher full-year tenant revenue in South Africa, Eastern Europe
By: Marleny Arnoldi 24th June 2024 Shopping centre-focused real estate investment trust Hyprop Investments continues to make progress on key priorities having been set for the 2024 financial year ending June 30, including operational improvements. The company advises in a pre-close operational update issued on June 24 that in... →
PPC reports a 20.6% boost in revenue thanks to Zimbabwe business
By: Darren Parker 24th June 2024 Cement company PPC has reported a 20.6% year-on-year increase in revenue to about R10-billion for the financial year ended March 31, compared with the R8.3-billion in revenue reported for the prior financial year. At the release of its financial results, on June 24, the company said this growth... →
Institutes promote sustainable development
By: Trent Roebeck 21st June 2024 Members of welding professional body the Southern African Institute of Welding (SAIW) stress the importance of high-quality welder education and training strategies to help catalyse the “reindustrialisation” of developing countries – including many of the countries on the African continent – and... →
Fatalities draw attention to health and safety standards
By: Halima Frost 21st June 2024 Recent tragic events, resulting in the loss of over 40 construction workers' lives across three sites last month, have brought heightened attention to both the wellbeing of construction personnel and the effectiveness of regulatory oversight. The fatal construction-related incidents were recorded... →
Eastern Cape road projects planned
21st June 2024 The South African National Roads Agency Limited (Sanral) announced in March that it expected to inject close to R2-billion into the Dr AB Xuma local municipality, in the Eastern Cape, when it implements its road maintenance projects over the next three years. The roads agency said it will... →
Mixed-use project completed
21st June 2024 Privately owned construction company GVK-Siya Zama has worked “around the clock” to complete the redevelopment of Cape Town Station, in the Western Cape, into a mixed-use residential and retail space. This despite experiencing one of Cape Town’s wettest winters in ten years last year, which... →
Already green V&A Waterfront eyes starting up desalination plant, building second seawater cooling plant
By: Irma Venter 21st June 2024 Since embarking on its sustainability journey in 2008, the V&A Waterfront (V&A) in Cape Town has reduced its energy use by 40%, with 2 MW of photovoltaic (PV) solar panels generating 1 640 000 kWh of clean energy a year. The precinct has also diverted 62% of its waste from landfills. This... →
Streamlined PPP framework could unlock infrastructure investment
By: Darren Parker 21st June 2024 In February, the National Treasury asked for public comments to be submitted in respect of the newly drafted amendments to the National Treasury Regulations (NTR) 16, and key elements of municipal public-private partnerships (PPPs) legislation, to bring it in line with recommendations based on a... →
Assembly has started of the world’s biggest land-based crane
By: Rebecca Campbell 20th June 2024 Netherlands-based global major engineered heavy lift and transport company Mammoet has announced that it has started assembly of its latest, and the world’s biggest and strongest land-based, crane, the SK6000. This is a ring crane design, and its assembly is scheduled for completion in the fourth... →
Grindrod selected as preferred bidder for Port of Richards Bay container facility
By: Terence Creamer 20th June 2024 South Africa’s Transnet National Ports Authority (TNPA) has appointed Grindrod South Africa as the preferred bidder to develop and operate a container handling facility at the Port of Richards Bay, in KwaZulu-Natal. The appointment is in line with TNPA’s strategy to increase the yearly container... →
Fortress reports positive operational performance amid logistics demand, disposals and capital recycling
By: Sabrina Jardim 20th June 2024 Real estate company Fortress Real Estate Investments says healthy logistics demand, disposals of noncore assets and effective capital recycling continue to drive its positive operational performance. In a pre-close operational update for the period from January 1 to May 31, Fortress notes that... →
Transnet appoints Letsoalo as new group COO
By: Creamer Media Reporter 20th June 2024 State-owned freight logistics group Transnet has announced the appointment of Lekau ‘Solly’ Letsoalo as group COO, with effect from July 1. Letsoalo returns to the group where he worked previously as COO of Transnet Port Terminals. →
Latest Cesa survey highlights urgency of joint public, private effort on infrastructure
By: Tasneem Bulbulia 18th June 2024 Consulting Engineers South Africa (Cesa) on Tuesday released its Bi-Annual Economic and Capacity Survey (BECS) findings, revealing a stark 22% decline from July to December of 23, marking the lowest level since 2019, at 32. The ongoing downturn persisted into early 2024, dropping further to 30... →
Stor-Age reports strong financial performance
By: Darren Parker 18th June 2024 JSE-listed self-storage real estate investment trust Stor-Age has reported robust financial results for the 2024 financial year ended March 31, showcasing significant growth in rental rates and occupancy. The company reported a 9.5% boost in rental rates and a 2.9% increase in occupancy rates,... →
TNPA moves to integrate desalination, renewables at Port Elizabeth and Ngqura ports
By: Terence Creamer 18th June 2024 South Africa’s Transnet National Ports Authority (TNPA) has issued requests for proposal (RFPs) for the construction of two solar-powered seawater desalination plants and a hybrid renewables-battery facility to service its Nelson Mandela Bay ports, in the Eastern Cape. TNPA is seeking bidders... →
S&P does not foresee any significant policy shift under GNU
By: Creamer Media Reporter 18th June 2024 S&P Global Ratings does not expect any significant policy shift as a result of South Africa's government of national unity (GNU) formed following the May 29 elections when the African National Council (ANC) failed to secure an overall majority for the first time since 1994. The ANC’s GNU proposal... →
V&A Waterfront signs deal to raise green-electricity contribution to 70% by 2026
By: Terence Creamer 18th June 2024 Cape Town’s V&A Waterfront has signed a ten-year power purchase agreement (PPA) with Etana Energy for 43 GWh of renewable energy yearly, which will result in wind and solar supplying 70% of the iconic mixed-use property’s electricity by early 2026. The PPA follows a similar deal between Etana... →
Engineer calls for urgent investment in youth
14th June 2024 Youth unemployment is a pressing issue in South Africa, with Statistics South Africa reporting that, in the first quarter of 2024, of the 10.3-million young people aged 15 to 24, a staggering 35.5% were not in education, employment, or training. This highlights the urgency for companies to invest... →
‘Highly technical’ phases start at Msikaba
14th June 2024 The Msikaba Bridge project, in South Africa’s Eastern Cape, is progressing significantly, says construction company Concor project director Laurence Savage, who notes the structure is now entering technically challenging phases. The Msikaba Bridge forms part of the South African National Roads... →
Innovation, investment key to advance infrastructure growth
By: Simone Liedtke 14th June 2024 While challenges such as funding constraints and skills shortages persist, the roads and bridges sector is poised for growth through strategic investments and technological advancements. By addressing challenges and leveraging innovation, South Africa can achieve significant improvements in its... →
Strategic training vital
By: Simone Liedtke 14th June 2024 As South Africa continues to invest in its infrastructure, the role of institutions such as civil engineering industry body the South African Institution of Civil Engineering (SAICE) in providing high-quality training will remain pivotal. The future of South Africa’s infrastructure depends on the... →
Barloworld profit dips as local mining industry slows
By: Irma Venter 14th June 2024 Barloworld’s South African businesses continued to face a myriad of challenging trading conditions, says CEO Dominic Sewela. Announcing the group’s financial results for the six months ended March 31, Sewela said at the end of May that Barloworld’s domestic operations had had to contend with a... →
Construction of Msikaba bridge progresses to highly technical phases
By: Irma Venter 14th June 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... →
Companies to improve railway operationality
By: Trent Roebeck 14th June 2024 Construction Group Enza Construction and electrical engineering and infrastructure development company Tractionel Enterprise are assisting in the process of reviving South Africa’s rail and freight sector operations, thereby contributing to the country’s rail infrastructure development and... →
Big shortfall in climate adaptation funding undermines Africa’s ability to respond
By: Nadine James 14th June 2024 The effects of climate change are becoming increasingly evident and yet a key component of the fight to preserve lives and livelihoods, namely adaptation funding, has stagnated, according to attendees of last month’s Africa Climate Roundtable. The event – hosted by African Risk Capacity (ARC),... →
Cape Town releases more land for affordable housing under new housing strategy
By: Irma Venter 13th June 2024 With national government slashing Cape Town’s housing grants by R107-million this financial year, the city has been forced to change its housing strategy, says Mayor Geordin Hill-Lewis. Cape Town is now positioning itself as an enabler for much more private sector-led affordable housing delivery,... →
Tribunal confirms settlement agreement in plant and equipment hire cartel case
By: Schalk Burger 12th June 2024 The Competition Tribunal has confirmed, as an order, a R480 000 administrative penalty imposed on plant and equipment hire company Hard Hat Equipment Hire as part of a settlement in a case in which it was accused of alleged price fixing and/or fixing trading conditions in contravention of the... →
Transnet claims World Bank container port index contains ‘factual errors’
By: Terence Creamer 12th June 2024 South Africa’s Transnet claims the World Bank’s 2023 Container Port Performance Index (CPPI) – in which South Africa’s ports rank dismally overall and the Port of Cape Town came in at the bottom of the 405 ports listed – contains “factual errors” that it had no opportunity to contest or correct.... →
PPC to report higher full-year earnings as Zimbabwe operations improve
By: Darren Parker 12th June 2024 JSE-listed cement company PPC has informed shareholders that it expects to report increases in its earnings per share (EPS) and headline earnings per share (HEPS) of at least 20% year-on-year for the financial year ended March 31. The company on June 12 attributed the expected increases in EPS... →
L2D reports sustainable operational performance on retail assets
By: Sabrina Jardim 11th June 2024 Despite the current economic climate presenting slowing growth, characterised by high inflationary pressure, increasing costs of property rates, the lack of delivery of basic utilities such as electricity and water, as well as consumer pressure, real estate investment trust Liberty Two Degrees... →
City of Cape Town hits apartment building developer with R1m fine
By: Irma Venter 11th June 2024 Cape Town Mayor Geordin Hill-Lewis has upheld a decision by the city’s Municipal Planning Tribunal to impose a record R1-million penalty for unauthorised building work. The penalty relates to a developer, named as Steven Kampies, constructing a 22-unit apartment building where only a single... →
Weak economy weighed on construction in the first quarter – ACI
By: Schalk Burger 11th June 2024 The Afrimat Construction Index (ACI) declined to a level of 103.7 in the first quarter of this year, down from 117.3 in the fourth quarter of 2023 and 105 in the first quarter of 2023. Economist Dr Roelof Botha, who compiles the ACI on behalf of JSE-listed mid-tier mining and materials company... →
Natural disasters emerge as top risk consideration for professionals in construction, property
By: Marleny Arnoldi 11th June 2024 Thirty-eight percent of 3 000 risk management professionals and business leaders agree that natural catastrophes, fire and explosion risks are emerging as primary concerns in the engineering, construction and real estate industries. According to Allianz Risk Barometer, respondents to its survey... →
PIC lifts stake in Raubex above 25%
By: Creamer Media Reporter 10th June 2024 Infrastructure development and construction materials supply group Raubex Group has informed shareholders that the State-owned Public Investment Corporation (PIC) has acquired a beneficial interest in the shares of the company. This has resulted in the PIC now holding 25.33% of Raubex's total... →
Challenges, opportunities abound for industry
7th June 2024 In an address at the World Cement Association (WCA) yearly conference, WCA director Emir Adiguzel outlined the significant challenges and transformative opportunities facing the global cement industry. The conference – held in Nanjing, China on May 20, 2024 – brought together industry leaders,... →
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