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Construction News
Cabinet committee probing ways to moderate fuel prices set to turn attention to electricity hikes next
By: Terence Creamer 22nd August 2024 Minister in the Presidency Khumbudzo Ntshavheni reports that the Cabinet committee set up to consider interventions to moderate fuel price increases is likely to turn its attention to electricity tariffs amid growing fears of another steep hike in 2025. Responding to questions posed during a... →
Trade and investment to be key themes of Ramaphosa’s upcoming State visit to China
By: Terence Creamer 22nd August 2024 Trade and investment relations will be key themes during President Cyril Ramaphosa State visit to the People’s Republic of China from September 2 to 5, Minister in The Presidency Khumbudzo Ntshavheni has confirmed. The visit follows President Xi Jinping’s fourth State Visit to South Africa in 2023. →
Research shows South African Reit payout ratios on par with international peers
By: Schalk Burger 22nd August 2024 The average payout ratio of South African Real Estate Investment Trusts (Reits) was 75.6% in 2023 and is expected to reach 78.4% this year. This compares well with the global average payout ratio of Reits, at 76%, says industry organisation the SA REIT Association. The average payout ratio by... →
Johannesburg weighs bond sale to help fix broken infrastructure
By: Bloomberg 21st August 2024 The City of Johannesburg is considering raising as much as R2-billion of new debt to address a mounting infrastructure backlog. Newly elected Mayor Dada Morero said the city is exploring options to fund critical projects, mainly to repair water and electricity infrastructure, as it faces... →
Engineer invents manhole protector grid as an early warning system to prevent sewage spills
By: Schalk Burger 21st August 2024 Civil engineer Chris Nganga Kimaru has developed a manhole protector grid (MPG) solution that uses GSM and Sigfox-enabled Internet of Things sensors and gateways to continuously monitor sewage flow rates and transmit the data to a management platform as an early warning system. The MPG solution... →
Aveng demerger signals possible exit from South African market
By: Darren Parker 20th August 2024 Construction, engineering and contract mining group Aveng has outlined plans to split its Australian and South African operations into two separate and independent entities. This demerger, which will be executed through a series of yet-to-be-determined transactions, reflects the company’s... →
Sasol extends gas supply plateau to June 2027 but only as ‘bridge’ to LNG imports
By: Terence Creamer 20th August 2024 Energy and chemicals group Sasol has confirmed a yearlong extension, to June 2027, in its gas supply from southern Mozambique to South African industrial customers, which have been warning of a potential gas supply cliff as from next year. However, the JSE-listed group has again reiterated its... →
Interest from IPPs aiming to connect renewables to grid surges to 133 GW
By: Terence Creamer 19th August 2024 The latest edition of the South African Renewable Energy Grid Survey points to there being massive and growing interest from developers of solar PV, wind, battery and hybrid plants to connect to the South African grid. Published jointly by Eskom Holdings’ National Transmission Company South... →
Wits' renovated Flower Hall shortlisted for World Architecture Festival award
By: Schalk Burger 19th August 2024 The new Flower Hall Examination and Test Centre, on the University of the Witwatersrand's (Wits') Campus West, has been shortlisted in the Creative Reuse category for the World Architecture Festival, which will be held in Singapore from November 6 to 8. The building was shortlisted for its... →
Wind bids fall well short of BW7 allocation, while PV bids far exceed provision
By: Terence Creamer 19th August 2024 The Independent Power Producer Office (IPPO) has confirmed that 48 onshore wind and solar PV bids with a combined capacity of 10 218 MW have been submitted under Bid Window Seven (BW7) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The bids were submitted on... →
Ramaphosa signs Electricity Regulation Amendment Act into law
By: Terence Creamer 16th August 2024 President Cyril Ramaphosa has signed into law the much-anticipated Electricity Regulation Amendment (ERA) Act, which lays the legislative foundations for the establishment of a fully independent Transmission System Operator (TSO) in the coming five years. The ERA Bill was approved by lawmakers... →
Sanral announces start of new R2.2bn phase on the N2 Wild Coast Road project
By: Irma Venter 16th August 2024 South African National Roads Agency Limited (Sanral) CEO Reginald Demana has announced the start of Package 4 of the N2 Wild Coast Road (N2WCR) project in the Eastern Cape. The R2.2-billion phase of the project will be rolled out by the WBHO-Edwin Construction Joint Venture. →
Ramokgopa withdraws 2.5 GW nuclear-procurement determination citing lack of public consultation
By: Terence Creamer 16th August 2024 Electricity and Energy Minister Dr Kgosientsho Ramokgopa has withdrawn a Ministerial determination for the procurement of 2 500 MW of new nuclear capacity, which was being contested legally, having concluded that there was insufficient public consultation prior to the regulator providing its... →
Necom's focus, Transnet's recovery and the future of Operation Vulindlela make headlines
By: Creamer Media Reporter 16th August 2024 Engineering News editor Terence Creamer discusses some of the key outcomes of the first meeting between Cabinet member and business leaders since the formation of the Government of National Unity. →
Facility continues to aid green economy transition
By: Trent Roebeck 16th August 2024 Hydrogen fuel cell generator producer CHEM Energy SA continues to contribute to South Africa’s transition to a greener economy, with it having completed the construction of its latest hydrogen fuel cell manufacturing facility in 2020 – at the Dube Trade Port, in KwaZulu-Natal. The facility ties... →
New R3.2bn private higher education campus on the cards for Akademia
By: Irma Venter 15th August 2024 Privately owned, Afrikaans, Christian higher education institution Akademia has announced the development of a R3.2-billion campus in Pretoria East. The campus will be developed by real estate development group Kanton, which will seek funding from investors and banking institutions, while... →
Transnet’s recovery plan lacks the ambition needed for higher growth, government and business warn
By: Terence Creamer 15th August 2024 Government and business are urging Transnet to show greater ambition in its plans to recover freight volumes, describing the current recovery plan as falling well short of what is required to support higher economic growth and job creation. The State-owned group has set a target to move... →
‘Necom 2.0’ to focus on system-wide constraints to electricity security and affordability
By: Terence Creamer 14th August 2024 Amid waning loadshedding, government and business have agreed to begin “repurposing” the National Energy Crisis Committee (Necom) to shift focus from interventions aimed at arresting the operational crisis at Eskom’s coal stations to addressing system-wide pressures, including growing concern... →
DBSA urged to play leading role in fixing municipalities during next phase of Operation Vulindlela
By: Terence Creamer 13th August 2024 Deputy Finance Minister David Masondo has called on the Development Bank of Southern Africa (DBSA), which is a major lender to local government, to play a leading role in supporting the Government of National Unity’s plan to fix municipalities as part of the second phase of Operation Vulindlela.... →
Transnet Property mulls investment-property vehicle as it moves ahead with sale of residential stock
By: Terence Creamer 13th August 2024 The property division of Transnet has been given board approval to sell its residential and non-core commercial properties over the coming two years, while moving to package the balance of the group's investment properties into a single entity so as to commercialise the portfolio in a way that... →
South Africa's infrastructure spend plans soar as energy woes ease
By: Bloomberg 13th August 2024 The value of South Africa’s planned investment projects increased sharply in the first half of 2024, boosted by sustained electricity supply, easing logistical constraints and slowing inflation, according to a report by Nedbank Group. The value of announced new projects jumped to an annualised... →
Attacq, Hyprop sell AttAfrica shares and properties to Lango
By: Schalk Burger 12th August 2024 JSE-listed real estate investment trusts (REITs) Attacq and Hyprop, which each holds 50% shares in AttAfrica, will sell their interests to commercial real estate company Lango Real Estate. AttAfrica owns shares in Accra Mall, in Mauritius; Kumasi City Mall and West Hills Mall, in Ghana; and in... →
Emira to acquire an interest in Polish property company
By: Sabrina Jardim 12th August 2024 JSE-listed Emira Property Fund has entered into a series of agreements with DL Invest Group 1 SCSP – controlled by Dominik Leszczynski – and its wholly-owned subsidiary, DL Invest Group (DL Invest) in terms of which Emira will acquire an effective 25% interest in the issued shares of DL Invest.... →
PPC signs agreement for solar energy at its Slurry, Dwaalboom plants
By: Darren Parker 12th August 2024 Cement manufacturer PPC has partnered with renewable-energy project developer Sturdee Energy for the construction and management of two 10 MW solar plants to provide supplemental power for PPC’s Slurry and Dwaalboom facilities in the North West province. The partnership signals a move towards... →
Three farm dams collapse in South Africa, displacing hundreds
By: Bloomberg 12th August 2024 Three farm dams collapsed in South Africa’s Western Cape province, displacing hundreds of people, and the authorities are monitoring a fourth facility for potential failure. Retention walls on the reservoirs near the town of Malmesbury, which lies 60 kilometers (37 miles) north of Cape Town,... →
Cape Town to launch constitutional challenge if Public Procurement Bill is gazetted
By: Irma Venter 12th August 2024 Cape Town Mayor Geordin Hill-Lewis has urged President Cyril Ramaphosa not to gazette the new Public Procurement Bill into law, as the city believes it will slow down local service delivery and undermine the constitutional autonomy of local government. Despite having already signed the Bill, Cape... →
Rooftop solar system expanded to meet 35% of Eastgate’s energy needs
By: Sabrina Jardim 12th August 2024 Property owner Liberty Two Degrees (L2D) has expanded the rooftop solar system at the Eastgate Shopping Centre, in Johannesburg, by nearly 6 MW. This adds to the 1.22 MW system installed at the mall during the first phase in 2020, taking its overall capacity 7.22 MW. →
Expanded pilot project planned to help munis pay Eskom as arrear debt continues to rise
By: Terence Creamer 12th August 2024 Electricity and Energy Minister Dr Kgosientsho Ramokgopa reports that a new pilot project is being prepared to further “stress test” an initiative aimed at ensuring that municipalities settle their accounts with Eskom in a context where municipal arrear debt has grown to about R78-billion. The... →
Aveng expects to deliver earnings per share profit at financial close
By: Darren Parker 12th August 2024 Construction and mining group Aveng has alerted shareholders that they can expect an earnings a share and headline earnings a share profit for the financial year ended June 30, compared with the loss a share of A$0.82 and headline loss a share of A$0.62 reported for the 2023 financial year.... →
Cape Town wants GNU to give it more policing powers, right to run passenger rail and more
By: Irma Venter 9th August 2024 The City of Cape Town’s top requests to the Government of National Unity (GNU) are for municipal police to have the powers to investigate crime; the devolvement of passenger rail to the city; the release of national mega-properties for affordable housing; the increase of social housing subsidies... →
Strategic partnerships key to advancing infrastructure development – Cesa
By: Sabrina Jardim 8th August 2024 In today's rapidly evolving infrastructure landscape, industry organisation Consulting Engineers South Africa (Cesa) says strategic partnerships have emerged as a cornerstone for advancing development across various sectors. Cesa argues that collaboration between government entities,... →
Infrastructure repair can support large-scale industrialisation, says Seifsa
By: Schalk Burger 8th August 2024 Infrastructure investment can unlock demand for the metals and engineering (M&E) sector, which has markets in the mining, agriculture, construction, automotive, logistics, water and the energy supply industry. Infrastructure development is paramount to unlocking growth in South Africa and Africa,... →
Powering Africa’s industrial future with Vertiv industrial solutions
7th August 2024 A recent industrial solutions focused webinar, hosted by global provider of critical digital infrastructure and continuity solutions Vertiv, provided valuable insights into the challenges faced by, and the innovative solutions available to, the commercial and industrial sectors in Africa. Chaired... →
$613m in JET-IP grants have been allocated to projects, Presidency reports
By: Terence Creamer 7th August 2024 The Presidency has released new details showing that $613-million of the $821-million in grants pledged to support South Africa’s Just Energy Transition Investment Plan (JET-IP) have now been allocated to projects. The disclosure has been made in the second instalment of the online ‘JET Grants... →
AIIM's final close of infrastructure-focused AIIF4 fund exceeds $748m target
By: Schalk Burger 6th August 2024 Infrastructure equity management company African Infrastructure Investment Managers (AIIM) has achieved the final close of its fourth pan-African infrastructure fund African Infrastructure Investment Fund 4 (AIIF4). The fund raised $748-million from a diverse investor base across Africa, Europe,... →
Securing ringfenced revenue for NTCSA seen as key first step for tackling R390bn grid backlog
By: Terence Creamer 6th August 2024 Ringfencing revenue for the National Transmission Company South Africa (NTCSA) is regarded as a crucial short-term step for ensuring that the newly operationalised Eskom Holdings subsidiary is placed on a firmer financial footing to begin dealing with the estimated R390-billion grid... →
Afrimat optimistic of improved second-half performance
By: Creamer Media Reporter 6th August 2024 Mid-tier mining and materials company Afrimat reports that steady progress is being made with the integration of the Lafarge business, which it acquired earlier this year, and that the suspension of loadshedding and the establishment of a Government of National Unity (GNU) have had a positive... →
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