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Articles in category: Construction
The Silverline Group, which claims to be the only franchised construction company in South Africa and one of only a few in the world, won the Franchise Association of SA (Fasa) franchisor of the year award earlier this month.
With 30 outlets and growing at a rate of 25 percent a year, the group specialises in light steel frame construction and high performance alternative building solutions.
Silverline chief executive Jonathan Pepler said it offered a low initial franchise investment opportunity with an exceptional return on investment and a unique offering, with its business model teaching “building contractors to become business ...(Read Full Article)
Hong Kong-listed property development group Shanghai Zendai has outlined ambitious plans for the development of an R84-billion 22 km2 “city” on the sprawling Modderfontein property the company bought from South African chemicals group AECI for R1-billion in November.
The development, dubbed Zendai Modderfontein, would be funded by Zendai, the Export-Import Bank of China and the China Development Bank and was envisaged to house 100 000 residents, and employ a further 200 000 people upon its completion in 2024.(Read Full Article)
A formal process has been initiated in an effort to rebuild trust that had been “catastrophically” destroyed between government and the construction industry in the wake of revelations of widespread collusion, Murray & Roberts (M&R) CEO Henry Laas has revealed.
He said it would be premature to disclose who from industry and government was participating in the initiative, which was being facilitated by the South African Forum of Civil Engineering Contractors. However, Laas disclosed that two meetings had already taken place and that four Ministers had participated in the interactions, with the most recent meeting having occurred on April 8.(Read Full Article)
Civil engineering construction contractor Stefanutti Stocks Civils MD Werner Jerling has iterated the call for government to include input from consulting engineers and contractors “early on” in the tender conception process of large infrastructure projects to expedite the award process and provide “invaluable” project timeline and budget-related input.(Read Full Article)
Switzerland’s Holcim unveiled an all-share deal to buy France’s Lafarge on Monday to create the world’s biggest cement maker with combined sales of €32bn.
The partners billed the deal as a merger of equals under which Lafarge shareholders will receive one Holcim share for every Lafarge share held, with the combined group to be based in Switzerland and listed in Zurich and Paris.
Shares in Lafarge rose 4% at the open, the top gainer on France’s blue-chip CAC 40 index, while shares in Holcim were up 5.4%. The new entity, worth just less than $60bn ...(Read Full Article)
THE Steel and Engineering Industries Federation of South Africa (Seifsa) has approved amendments to its memorandum of incorporation to broaden its reach beyond South Africa’s borders.
The federation, which is focused on advancing the interests of employers in the metals and engineering sector, says part of its growth strategy adopts a new focus on the Southern African Development Community.
It also intends to restructure itself in accordance with the Companies Act of 2008. "This move follows the expansion of a growing number of South African companies, among them Seifsa members, beyond the borders of South Africa," the body said ...(Read Full Article)
ARCELORMITTAL SA’s earnings before interest, tax, depreciation and amortisation ) shot up 58% in the year to December, giving departing CEO Nonkululeko Nyembezi-Heita a fitting swansong after nearly seven mostly difficult years at the group.
But the total comprehensive loss rocketed for the South African unit of the world’s largest steel maker, ArcelorMittal Group. Trading conditions remain challenging for steel producers globally, and South Africa’s economy continues its pedestrian growth.
ArcelorMittal SA said on Friday lower levels of fixed government investment had a "disproportionate" effect on demand for steel, and low levels of fixed investment in the mining ...(Read Full Article)
South Africa’s steel and engineering sectors are likely to yield better growth in 2014 than last year when the sector only saw 2% growth and produced output estimated at R335-billion, said Steel and Engineering Industries Federation of South Africa (Seifsa) chief economist Henk Langenhoven in Johannesburg on Wednesday. He said short-term signals indicated that benefits would be derived from the expected domestic spending on infrastructure.(Read Full Article)
Cape-based engineering, procurement and construction company Sustainable Power Solutions and its subcontractor Renen Renewable Energy Solutions have completed the installation of a R17-million, 1 MW single-rooftop grid-tied solar plant on the roof of floorcovering manufacturer Belgotex’s factory, in Pietermaritzburg.(Read Full Article)
The energy-related proportion of Group Five’s R14.7-billion order book as of the end of October has increased to 39%, or R5.7-billion, with power projects comprising R3.4-billion and oil and gas developments the R1.9-billion balance. CEO Mike Upton says power, oil and gas are central to the group’s sector-based strategy, from which its geographical expansion is likely to follow, particularly into the rest of Africa, as well as Central and Eastern Europe.(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)
The Construction Industry Development Board (CIDB) is in the process of appointing an investigative team to “kick start” an investigation into 15 construction companies that in June admitted to collusive tendering on several government contracts. The industry body on Tuesday appeared before the Parliamentary Portfolio Committee (PPC) on Public Works in Cape Town to outline the process prescribed by its regulatory framework to address collusion in the industry.(Read Full Article)
As Presidents Kenyatta, Kagame and Museveni prepare to meet in Nairobi next month for a review of progress on resolutions they made in Entebbe late June, concern is emerging over recent developments in Kampala that threaten to derail East Africa’s grand rail project. Just weeks to the meeting, Kampala is scrambling to work its way out of a maze of Chinese construction firms, all fighting for the lucrative tender to build a new railway network extending to the border with South Sudan and a new port on Lake Victoria.
THE Black Business Council in the Built Environment (BBCBE) says that R1.46bn of fines imposed by the Competition Commission on 15 listed and unlisted companies in the construction sector for anticompetitive behaviour is a "mere slap on the wrist". It said on Tuesday that the firms, including South Africa’s top construction groups, should be blacklisted from public sector construction projects, having "favoured certain groups of South Africans to the exclusion of others". "These companies have effectively stolen money from the … fiscus and should therefore be treated as criminals .(Read Full Article)
The South African Competition Commission has issued penalties totalling R1.46 billion ($94.5 million) to 15 construction firms that admitted engaging in collusive tendering. The settlement was agreed through the Construction Fast Track Settlement Process, which offers reduced fines in return for full and truthful disclosure from firms engaging in bid rigging. Four of the 15 companies included in the settlement were fined more than R300 million ($19.4 million. WBHO was hit the hardest, receiving a fine of more than R311 million.
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)
In yet another deal that will see an international engineering firm acquire a local industry player, Johannesburg-based consulting engineering specialist PD Naidoo & Associates (PDNA) will, subject to Competition Commission approval, be bought out by global engineering, management and development consultancy Mott MacDonald Group. The acquisition would see the activities of the two companies in Southern Africa uniting to create an 800-person strong entity providing extended, multisector capabilities for the sub-Saharan Africa region.(Read Full Article)
Overwhelmed by the high number of complaints from its members, the Consulting Engineers of South Africa (Cesa) has established a legal fund to take action against private companies and government entities who abuse the tender system. In a clear indication of its determination, the body has lodged a case reportedly involving one of its own members to the public protector for irregularities involving a bulk infrastructure project in Mpumalanga. The investigation is at an early stage.(Read Full Article)
To overcome corruption in the South African and African construction sectors, governments must work closely with key role-players to ensure there is adequate capacity in the public sector to manage procurement processes and create a regulatory environment for the delivery of infrastructure projects, Public Works Minister Thulas Nxesi said on Friday. “We have to deal with corrupt officials working with corrupt businessmen to siphon off public funds,” he urged at the Council for the Built Environment’s (CBE’s) Indaba, in Boksburg, while adding that there needed to be a fair, equitable, transparent, competitive and cost effective procurement regime that ...(Read Full Article)
The construction sector needs both the right skills and values to create jobs, Aveng Group CEO Roger Jardine said on Wednesday. “We need not only the right skills, but also the right ethics and values if South Africa is to thrive and jobs are to be created,” Jardine said in a statement. “It is not only the responsibility of elected politicians to foster trust and integrity in our society. The private sector has a vital role to play.” On Sunday, City Press reported that top construction companies were being investigated for allegedly fixing state and other contracts worth billions of ...(Read Full Article)
Caterpillar, the world's largest maker of construction equipment, posted a 55-percent drop in quarterly profit on Monday and set a cautious tone for the year, citing weak demand and oversupply. Executives at the company, which last year slashed production to reduce inventory, balanced their optimism on recent improvements in US housing starts with concern about China's slowing growth, the US deficit and eurozone instability. However, investors took heart in Caterpillar's 2013 profit forecast of $7 to $9 per share..................(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)
The Construction Industry Federation of Zimbabwe (Cifoz) has called on government to introduce legislation that will make it mandatory for government departments and local companies to give preference to local contractors ahead of their foreign counterparts when they award tenders, in order to save the construction sector from collapse.(Read Full Article)