JSE-listed construction group Aveng will implement a R1.8-billion rights offer to raise the capital needed to fund the early redemption of a portion of its existing convertible bonds of R2-billion. The rights offer will also add R300-million in new capital into the business.

Wholly black-owned construction group Concor, which marked its first year of operations in April, is aiming to materially increase its share of the public infrastructure market as part of an ambitious plan to increase its order book to R10-billion by 2020. The company, which has a Level 1 Broad-Based Black Economic Empowerment rating, was formed in 2017 after Murray & Roberts (M&R) sold its infrastructure and buildings business to a consortium led by the Southern Palace Group (SPG) for R314-million.

Pump hire specialist Integrated Pump Rental (IPR) exhibited at bauma CONEXPO AFRICA 2018 for the first time to increase visibility of its product offering to the construction sector in Africa. With the major portion of the company’s customer base in the mining industry, according to IPR MD Lee Vine, the company decided to exhibit units from its rental fleet that are specifically suitable to construction dewatering applications. This included Sykes dewatering pumps, Grindex slurry and solids handling pumps and the newest addition, Faggiolati stainless steel pump. Also on exhibit were pump accessories including hose flotation devices and pump flotation devices.

With the winter months approaching, systems integration specialist Jasco Intelligent Technologies (Jasco) explains that before companies invest in alternative power solutions it is important to select the right solution for their needs. Jasco renewable energy consulting solutions architect Kevin Norris says that selecting the best uninterruptible power supply (UPS) system to meet the set-out requirements is not as simple as choosing one from a catalogue or going with the solution that works best for another company. He explains that each business has unique requirements and there are a lot of factors that go into planning the right solution. 

Multinational professional services firm Arup and US-based CLS Architects this week unveiled a new concrete three-dimensional (3D) printed house in central Milan, as part of the Salone del Mobile design festival.