February 18, 2010
$1.2-billion refinery for the coast
One of four selected coastal areas in South Africa stands to be home to the world's first integrated pure metals refinery plant producing titanium, zirconium, magnesium and silicon, upon completion of the feasibility study.
Posted by StaffWriter at 9:36 AM | Comments (0)
November 11, 2009
Pretoria Portland Cement concerned by mooted energy hikes
Pretoria Portland Cement Company (PPC), the cement and lime producer, is concerned about the impact of the proposed hikes in electricity tariffs on cement prices.
Posted by StaffWriter at 10:29 AM | Comments (0)
PPC pushes pricing power
JOHANNESBURG - Earnings plunged, the dividend is down, volumes have fallen and management is playing it safe by holding back more cash than last year. This, however, doesn't tell the full story of PPC (JSE:PPC).
Posted by StaffWriter at 10:17 AM | Comments (0)
November 10, 2009
PPC reports it's revenues are up 9% to R6,8 bn
Pretoria Portland Cement company CEO Paul Stuiver, CEO says the company achieved "A good performance considering the challenging economic climate. Cash flow remained strong despite a decrease in demand and pressure from input costs. The company is well positioned and will benefit significantly from an economic recovery."
Posted by StaffWriter at 9:43 AM | Comments (0)
November 5, 2009
Afrimat sees higher earnings
Black empowered construction materials supplier Afrimat lifted diluted headline earnings per share by 20.4 percent from 24.5 cents to 29.5 cents for the six months to the end of August.
Posted by StaffWriter at 10:28 AM | Comments (0)
November 2, 2009
Millions wasted on shoddy housing construction, Minister avers
The Department of Human Settlements on Monday stated that shoddy construction work, and inferior workmanship on the part of contracted construction companies meant that "money has been wasted", as these houses had to be destroyed.
Posted by StaffWriter at 10:45 AM | Comments (0)
October 29, 2009
Imperial Logistics Increases Strategic Footprint in Construction Industry
Johannesburg, South Africa, 29 October 2009 - Imperial Logistics recently announced the acquisition of a 55% interest in Rustgold Transport (Pty) Ltd, further enhancing its strategic position as a market leader in the southern African construction industry.
Posted by StaffWriter at 2:56 PM | Comments (0)
September 23, 2009
Erbacon buys Civcon for R267m, announces BEE deal
AltX-listed construction company Erbacon Investment Holdings has acquired Gauteng civil engineering company Civcontract Civils (Civcon) for R267-million, while simultaneously entering into a black economic-empowerment (BEE) deal with a black-owned private equity company.
Posted by StaffWriter at 11:12 AM | Comments (0)
September 1, 2009
BEE trust acquires 15.8% interest in Afrimat
BUILDING materials supplier Afrimat (AFT) said today that it had facilitated the acquisition of 22.7 million Afrimat ordinary shares by the Afrimat BEE Trust.
Posted by StaffWriter at 1:08 PM | Comments (0)
June 18, 2009
Group5 BEE deal caves in
Group Five's black economic empowerment deal with iLima is in trouble, the listed construction giant said on Thursday.
Posted by StaffWriter at 3:57 PM | Comments (0)
April 17, 2009
Afrimat warns of sharp profit fall in 2009
JSE-listed building materials supplier Afrimat expects its earnings a share (EPS) and headline EPS for its 2009 financial year to be between 35% and 45% lower than the year before.
Posted by StaffWriter at 3:15 PM | Comments (0)
March 6, 2009
PetroSA says Coega refinery's costs fell about 20%
US-based engineering firm KBR was making "excellent" progress on project Mthombo, the proposed 400 000 bl/d crude oil refinery to be built at Coega, in the Eastern Cape, PetroSA CEO Sipho Mkhize reported earlier this week.
Posted by StaffWriter at 7:32 AM | Comments (0)
BEE players set to benefit from refinery
LOCAL BEE companies are set to reap significant financial rewards from the construction and operations of PetroSA's R9-billion oil refinery to be built at Coega, the parastatal announced yesterday.
Posted by StaffWriter at 7:03 AM | Comments (0)
March 4, 2009
Construction charter beefs up points for equity ownership
The construction industry empowerment charter had added five points for equity ownership to the 20 points the government had recommended in the codes of good practice, a move that showed the industry was lagging in this aspect, Sugan Palanee, a senior partner at Ernst and Young KwaZulu-Natal, said last week.
Posted by StaffWriter at 11:42 AM | Comments (0)
AfriSam restructures debt
Summit TV speaks to AfriSam chairman Elias (Eltie) Links about their restructured BEE deal involving the PIC
Posted by StaffWriter at 7:23 AM | Comments (0)
January 16, 2009
R1bn engineering-design contract let for proposed Coega refinery
State-owned petroleum company PetroSA has appointed US-based and NYSE-listed engineering firm KBR the engineering contractor for Project Mthombo, the proposed $11-billion, 400 000-bl/d Coega crude oil refinery.
Posted by StaffWriter at 7:48 AM | Comments (0)
January 5, 2009
2010 stadium creates thousands of jobs
The new Green Point Stadium is not only altering the city's skyline and providing Cape Town with a valuable new asset - it is also creating thousands of new jobs, with a positive spin-off for the city's economy.
Posted by StaffWriter at 7:38 AM | Comments (0)
December 8, 2008
Draft charters for building, forestry
The draft charters for broad-based black economic empowerment (BEE) in construction and forestry sector were gazetted on Friday for public comment.
Posted by StaffWriter at 7:28 AM | Comments (0)
November 21, 2008
Construction charter boosts SA steel construction industry
The Southern African Institute of Steel Construction (SAISC) states that the soon-to-be-implemented Construction Sector Charter (CSC) will be a boost to the local steel construction industry.
Posted by StaffWriter at 8:30 AM | Comments (0)
November 17, 2008
Southern Africa showing signs of resilience, as Barloworld prepares for difficult '09
JSE-listed diversified industrial group Barloworld warned on Monday that trading conditions had deteriorated as the financial crisis spilled over into the real economy, adding that the outlook for 2009 was uncertain.
Posted by StaffWriter at 11:40 AM | Comments (0)
Construction boosts Barloworld
Johannesburg - Industrial brand management company Barloworld has delivered a solid operating performance for the full year, the group said on Monday.
Posted by StaffWriter at 10:07 AM | Comments (0)
October 24, 2008
W Cape Premier scraps hospital tender process
Premier Lynne Brown has scrapped the entire tender process for the controversial development of the prime Somerset Hospital site between the new 2010 stadium and the V&A Waterfront, and the process will begin again.
Posted by StaffWriter at 7:48 AM | Comments (0)
September 26, 2008
BEE firm acquires stake in crane supplier
Private equity and investment firm Sphere has acquired a 32,5% shareholding in mobile crane hire company Target Cranes, which represents a strategic investment for the new generation black economic-empowerment (BEE) company, reports Sphere.
Posted by StaffWriter at 7:10 AM | Comments (0)
September 10, 2008
Gautrain agency to scrutinise BEE partner iLima's papers
THE Democratic Alliance's (DA's) call for an investigation into the participation of iLima Projects in the Gautrain project has been heeded by the Gautrain Management Agency.
Posted by StaffWriter at 7:43 AM | Comments (0)
August 31, 2008
Rainbow confident of top govt empowerment marks
Black economically empowered (BEE) construction company Rainbow Construction was confident of attaining a "three score" on the Department of Trade and Industry (DTI) generic scorecard for broad-based BEE, MD Errol Burman said on Saturday.Posted by StaffWriter at 7:30 AM | Comments (0)
August 22, 2008
Gauteng transport department invests R7m in BEE
The Gauteng Department of Public Transport, Roads and Works has invested more than R7-billion into broad-based black economic empowerment (BBBEE) and small, medium-sized and microenterprises (SMMEs) over the last three years, which includes the procurement of services and subcontracting.Posted by StaffWriter at 7:21 AM | Comments (0)
Zambia's roads projects said to hold promise for South African companies
The Zambian govern- ment's roads infrastructure rehabilitation programme provides ample opportunity for South African companies, said Zambia Development Agency programme manager Stephen Malubila at a New Partnership for Africa's Development conference in Johannesburg last week.Posted by StaffWriter at 7:15 AM | Comments (0)
August 1, 2008
Sanyati now among main board construction firms
Black-empowered civil engineering and construction firm Sanyati Holdings last moved from the AltX to the main board of the JSE, a move that CEO Rick Jackson said would raise its profile by another notch and ensure that it was recognised as a serious player in the construction sector.Posted by StaffWriter at 7:29 AM | Comments (0)
May 28, 2008
WBHO on track to meet empowerment target
Building and civil engineering contractor Wilson Bayly Holmes-Ovcon (WBHO) on Wednesday said it planned to reach a target of 20% black economic empowerment (BEE) transformation in senior management within the next 12 months.Posted by StaffWriter at 7:13 AM | Comments (0)
May 23, 2008
Construction sector is main BEE party pooper
The JSE's building and construction sector scored the lowest of the six listed sectors analysed by Board Barometer, a diagnostic survey of the composition of boards and their attitudes to corporate governance and transformation.Posted by StaffWriter at 12:52 PM | Comments (0)
May 15, 2008
Inca Grows in Line with Swing to Concrete
INCA Concrete Products, the brick and paver company recently in the news for its R46 million BEE deal, can trace its lineage back to 1972, when the original factory Calsica Bricks was fostered by Murray and Roberts to make calcium silicate bricks from surplus quarry dust.Posted by StaffWriter at 8:17 AM | Comments (0)
May 9, 2008
Emerging businesses have BEE in bonnet
Emerging contractors in Pretoria North have been given a major boost with the launch of the Marang Entrepreneurs' Forum (MEF).Posted by StaffWriter at 11:44 AM | Comments (0)
A Strong BEE Component
Cape Town-based Afrimat is black empowered with BEE shareholding ahead of Mining and Construction Charter requirements.Posted by StaffWriter at 7:38 AM | Comments (0)
April 21, 2008
Monitoring group for Gautrain
An Independent Socio-Economic Monitor (ISEM) has been appointed by the Gauteng provincial government and construction consortium Bombela to evaluate the Gautrain in line with its socio-economic targets.Posted by StaffWriter at 7:32 AM | Comments (0)
April 2, 2008
WBHO to award staff 7% stake in R60m BEE deal
Black employees of Wilson Bayly Holmes-Ovcon (WBHO) had been allocated a 7 percent stake through the Akani broad-based black economic empowerment (BEE) scheme, the construction firm said yesterday.Posted by StaffWriter at 10:17 AM | Comments (0)
February 21, 2008
KBR Announces New Managing Director for South Africa
KBR (NYSE:KBR) announced today that it has appointed Themba Mabuza as the new managing director of KBR South Africa.Posted by StaffWriter at 1:59 PM | Comments (1)
February 15, 2008
Agency offers flexible funding for construction-materials deal
State empowerment catalyser the National Empowerment Fund (NEF) has approved a R46-million disbursement to Western Cape-based empowerment consortium Amaza Brickworks that will facilitate the acquisition of a 74% share by Amaza in False Bay Bricks through a new company called Inca Concrete Products.Posted by StaffWriter at 7:21 AM | Comments (0)
January 18, 2008
NEF disburses r46m to inca concrete products
Empowerment catalyst, the National Empowerment Fund (NEF), has approved a R46m disbursement to Western Cape-based empowerment consortium, Amaza Bricksworks (Amaza). The deal will facilitate the acquisition of a 74% share by Amaza in False Bay Bricks business through a new company structure called Inca Concrete Products.Posted by StaffWriter at 7:31 AM | Comments (0)
December 7, 2007
NEF hands over R46m to Inca for BEE deal
When Tshidi Seane, executive chairman of Inca Concrete Products, and a partner entered the construction industry they looked for something with an established name, brand value and reputation, Seane said yesterday.Posted by StaffWriter at 1:22 PM | Comments (0)
December 5, 2007
Erbacon eyes BEE deal
Durban-based construction group Erbacon Investment Holdings, which is to be floated on AltX this coming Friday, has identified Thembeka Capital as one of the possible empowerment partners.
Posted by StaffWriter at 4:03 PM | Comments (0)
November 29, 2007
Empowerment makes precious little progress in steel industry
In contrast, mining groups, oil firms and banks have concluded many BEE deals in order to obtain operating licences, convert mineral rights or position themselves to win government contracts.Posted by StaffWriter at 7:39 AM | Comments (0)
November 16, 2007
Newly listed prefab firm expanding to keep pace with surging demand
Prefabricated buildings manufacturer and renter Kwikspace has listed on the JSE, to raise money to pay off a shareholders' loan and fund growth initiatives.Posted by StaffWriter at 11:42 AM | Comments (0)
November 1, 2007
Steel and aluminium supplier to make AltX debut
The Mazor group, a supplier of steel and aluminium products in the Western Cape, plans to list on the JSE's AltX bourse in late November to pave the way for the company to expand its national footprint.Posted by StaffWriter at 3:13 PM | Comments (0)
October 30, 2007
PPC 'in final phase' of BEE deal
South Africa's biggest cement producer, Pretoria Portland Cement
(PPC), has made "significant progress" towards concluding a
transaction to sell a stake to black investors, and expects to seek
shareholder approval for the deal early next year, the group said
on Tuesday.
Posted by StaffWriter at 9:39 AM | Comments (0)
October 25, 2007
Calgro M3 to house Altx
Johannesburg - Again another construction-related company - Calgro M3 Holdings - will debut on the JSE's AltX next month to raise R36m in capital.
Posted by StaffWriter at 11:59 AM | Comments (0)
October 23, 2007
Steel exporter BSI to list on AltX
BSI (SA), a stockist, processor, trader and exporter of steel products, will become the 69th company to list on AltX when its shares start trading on Wednesday.Posted by StaffWriter at 12:53 PM | Comments (0)
October 12, 2007
Ngcuka relishing his new challenge in SA's boiling construction economy
There is life after politics and public service. Ask Penuell Maduna. Or Sipho Pityana. Cyril Ramaphosa. Saki Macozoma. Reuel Khoza.Posted by StaffWriter at 1:03 PM | Comments (0)
October 5, 2007
Chinese group says it won disputed Rand Water tender fair and square
Steel pipe manufacturer 3W-BSP has refuted claims by contracting company Group Five Pipe (GFP) that it was awarded an R88-million pipeline contract by Rand Water irregularly.Posted by StaffWriter at 8:57 AM | Comments (0)
October 21, 2005
M&R shareholders to vote on BEE
Shareholders of industrial holding company and multi-faceted global contractor Murray & Roberts will vote on November 21 on a R494 million investment extending its current black economic empowerment partnerships to a broad-base of staff and community organisations.
Posted by Bernie at 8:55 PM | Comments (0)
August 29, 2005
Wilson Bayly Holmes HEPS up 20.6%
Construction and building materials group Wilson Bayly Holmes on Monday reported a 20.6 percent increase in headlines earnings ...
Posted by Bernie at 2:59 PM | Comments (0)
February 15, 2005
A new entrant in the BEE race
Roleplayers in the construction industry have come ...
Posted by Bernie at 12:59 PM | Comments (0)
January 17, 2005
BEE newcomer Mediro buys 25% of Global Roofing
Johannesburg - Newly formed black economic empowerment (BEE) firm Mediro Industrial Holdings has bought a 25 percent stake in Global Roofing Solutions, one of ...
Posted by Bernie at 10:01 AM | Comments (0)
December 18, 2004
Ukhamba buys a 38.8% stake in Dawn
Black economic empowerment company Ukhamba Holdings on Friday announced that it had acquired an effective 38.8 percent shareholding in Distribution and Warehousing Network (Dawn)...
Posted by Bernie at 11:28 AM | Comments (0)
