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Articles in category: Construction & Building
1-26 of 26
The Aveng Group has announced the appointment of acting CEO and FD Kobus Verster as CEO, with with immediate effect. . Verster, who had “extensive” experience in the steel and mining sectors, holds a BCom degree from the University of Potchefstroom and a BCom Honours in Economics degree from the University of Pretoria.
He also holds an MBL from the University of South Africa and attended the Executive Management Programme, at the University of Virginia, in the US. Prior to joining Aveng, Verster was CFO at ArcelorMittal South Africa, where he previously held various senior management positions.(Read Full Article)
Following complaints from its member firms, Consulting Engineers South Africa (Cesa) has noted “with concern the blatant abuse of Section 32 of the Municipal Finance Management Act” and has called on the Auditor General, National Treasury and the Public Protector to investigate the deviations. According to the organisation, Section 32 dealt with the procurement of goods and services under contracts secured by other organs of State.(Read Full Article)
Following the acquisition of project house TWP by Australia-based WorleyParsons earlier this year, the global project delivery company has announced that former TWP Holdings CEO Digby Glover has been appointed CEO of WorleyParsons South Africa. Glover, who had been employed by the TWP group since 2001, had occupied the role of WorleyParsons South Africa COO for the last eight months, which sub-Saharan Africa MD Francis McNiff said made him the most suitable candidate to lead the combined South African business after integration.(Read Full Article)
The ever-increasing number of cross-border contracts, as well as the scope and scale of work being undertaken by construction companies, has necessitated the need for unity and consistency in the agreements governing construction contracts.
This will assist in resolving disputes arising from such contracts in the most expedient and cost-effective manner, says law firm Routledge Modise. director Gary Pritchard.(Read Full Article)
President Jacob Zuma on Tuesday turned the first sod at the launch of the construction phase of the R20-billion Venetia underground project in Limpopo province. He did so together with Anglo American plc chairperson Sir John Parker and Anglo American CEO Mark Cutifani. Also officiating at the launch was Mineral Resources Minister Susan Shabangu.
Zuma told the large launch gathering and international media contingent that the project was significant because it demonstrated confidence in South Africa as an investment destination of choice by both foreign and South African companies.(Read Full Article)
The UK Government has announced eight procurement principles for construction projects derived from lessons learned from the Olympic Games. London 2012 Olympic and Paralympic Games The Legacy: Sustainable Procurement for Construction Projects places sustainability at the top of the list of priorities for public sector buyers. The eight principles are:
1. Seek a clear and public commitment to sustainability at the highest level of the organisation.
2. Prepare thoroughly: early consideration of sustainability.
3. Set specific, clear, and challenging sustainability targets from the outset.
While the Cape Town International Convention Centre (CTICC) prepares to celebrate its tenth birthday next week, its much talked about multi-million rand expansion project looks set to be delayed as the city of Cape Town probes the centre’s procurement processes relating to the contract for the design of the expansion. Over the past decade, the CTICC has contributed more than R19bn to the country’s gross domestic product (GDP) and over R6bn to the Western Cape's GDP. The expansion is expected to see the centre doubling its capacity and its contribution to GDP.(Read Full Article)
Construction group Wilson Bayly Holmes – Ovcon (WBHO) has grown its order book from R22.8-billion in December to R23.5-billion in April, having secured new projects in all segments of its business, other than in West Africa. The group said in a business update on Friday that, while the volatility of iron-ore and gold commodity prices had slowed development of mines in West Africa, it remained a preferred contractor for certain civil packages on the Mayoko iron-ore project, in the Republic of Congo.(Read Full Article)
The basic design work for Eskom’s 100 MW concentrating solar power (CSP) demonstration project, earmarked for development in the Northern Cape town of Upington, is nearing completion and the prequalification of potential contractors should begin within months. Proposed is the development of a central-receiver CSP plant, where molten salt is used as a storage and heat-transfer medium. The so-called power tower will be surrounded by an array for heliostats, or mirrors, which continuously reflect sunlight on to the tower’s central receiver.(Read Full Article)
Johannesburg - Barloworld, a South African seller of equipment to mining and construction companies, rose to the highest in more than a month after biggest supplier Caterpillar rallied on an improved growth outlook. Barloworld advanced as much as 3.9 percent and traded 3.3 percent higher at 98.63 rand a share by 4:21 p.m. in Johannesburg, the highest since April 3. More than 650,000 shares traded, about 78 percent of the three month daily average. Caterpillar, the world’s biggest construction and mining equipment maker, has gained more than 8 percent since it cut its 2013 ...(Read Full Article)
Construction and engineering group says South African National Roads Agency has awarded it a R279m road rehabilitation contract. Basil Read would rehabilitate the national route 5, section 4, between Vaalpensspruit and Winburg in North West.(Read Full Article)
Tender irregularities were hampering infrastructure development, the Built Environment Professions Grouping (BEP) said. In a statement released by Consulting Engineers SA (Cesa), the BEP said it welcomed the government’s revised infrastructure budget in terms of the 18 strategic integrated projects as a positive move, but argued that the barrier to infrastructure delivery lay in the lack of transparency during procurement processes related to the allocation of professional services and tenders.(Read Full Article)
Pretoria Portland Cement (PPC) is pursuing four new opportunities in African countries in line with its strategy to increase its revenue generation beyond South Africa. This follows the listed cement and lime producer investing $12 million (R105m) cash in July to obtain a 27 percent stake in the Habesha Cement Share Company in Ethiopia. The Industrial Development Corporation (IDC) simultaneously invested $9m for a 20 percent equity stake.(Read Full Article)
South African construction and engineering company Basil Read on Tuesday announced it would sell TWP Holdings to WorleyParsons for R900-million in cash – a move which CEO Marius Heyns said would allow the group to concentrate on its core business and sharpen its focus on special projects.(Read Full Article)
The Atterbury Property Group, the prominent property investment and development company, has broken ground for a new R1.3 billion mixed-use retail and business development in the Johannesburg central business district. Called Newtown Junction, it is to be developed in Newtown’s historic Potato Shed buildings between Museum Africa, Mary Fitzgerald Square and Carr Street, which have been derelict for a long time.(Read Full Article)
Public sector buyers need to learn how to secure and manage construction contracts more effectively, according to a report by the All Party Parliamentary Group for Excellence in the Built Environment in the UK. The public sector is the construction industry’s largest single client accounting for nearly 40 per cent of spending (£46 billion a year) in infrastructure and projects according to the Office of National Statistics.(Read Full Article)
South African iron ore miner Kumba Iron Ore said it had agreed to extend an interim supply deal with ArcelorMittal South Africa until the end of the year as the companies wrangle to resolve a dispute over pricing. Kumba, a unit of Anglo American, said it would supply the steelmaker with a maximum of 1.5 million tonnes of ore, with ArcelorMittal paying a fixed price of $50 per tonne for ore for its Saldanha plant and $70 per tonne for its inland plants.(Read Full Article)
Strong leadership and management also emerged as critical factors in a 'lessons learned' report on the construction of venues for the 2012 Games.“The lessons learned from the Olympics would be to implement system requirements early on so that the management of the procurement process can flow down through the supply chain.(Read Full Article)
Local cement, concrete and aggregate supplier Lafarge South Africa (Lafarge SA) had to carry about 3% of an €1.3-billion cost-saving programme announced by its parent company for the 2012 to 2015 period. Another challenge was growing sales of cheap imported cement, specifically from India and Pakistan, landing up at small, sell-all shops in many of the country’s coastal regions. .(Read Full Article)
Construction on a wind farm to supply power to the Nelson Mandela Bay municipality is due to start near Port Elizabeth, MetroWind said on Thursday. The company said it had been given the green light to build and operate a R550 million wind farm in Van Stadens, between Port Elizabeth and Jeffrey's Bay. Construction would begin in September.(Read Full Article)
Cement maker Pretoria Portland Cement is to sell a 6.5% stake to its staff and black investors in a deal worth about R1.1bn, to meet affirmative action rules. PPC said the deal - the second in four years - would take shareholding by black investors in its domestic operations to 26% and enable it meet the rules set out by the government.(Read Full Article)
The Construction Industry Development Board (CIDB) has invited interested and qualified persons to apply for a position on its panel of adjudicators for construction contracts.This was in line with the CIDB’s Construction Procurement Best Practice Guideline C3, which deals with adjudication.(Read Full Article)
- Construction and engineering firms say chief cause of supply chain inefficiencies is lack of integration of processes and IT systems. (Read Full Article)
- Input prices for construction and building companies in the US slightly increased over the Second Quarter of 2011 as commodity prices "stabilised", a new report reveals. (Read Full Article)
- Construction may be suffering as government spending is reined in across Europe, but despite all the cost cutting, the environmental agenda is still a force to be reckoned with. (Read Full Article)
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