Grayston drive bridge collapse inquiry to resume on July 2

The Department of Labour (DoL) will, on Monday, resume its inquiry into the Grayston drive pedestrian and cyclist structural bridge collapse with testimony from the Johannesburg Development Agency (JDA). The October 2015 incident resulted in the death of two people, while 19 others were injured. The scaffolding, which was intended to have been used as an interim support measure during construction of a pedestrian bridge parallel to the Grayston Bridge, gave way, collapsing on the high-traffic M1 highway.

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Offshore property investment a big opportunity for South African Reits

The global sell-off in emerging markets, an intractably weak domestic economy, an oversupply of business space and a focus on the quality of earnings are all set to be major drivers of South Africa’s real estate investment trust (Reit) sector in the second half of this year, the SA Reit Association stated in a press release, on Friday. International investment remains a compelling opportunity for the sector, with over 50% of listed property in South Africa exposed to offshore markets.

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Graystron drive bridge collapse inquiry to resume on July 2

The Department of Labour (DoL) will, on Monday, resume its inquiry into the Grayston drive pedestrian and cyclist structural bridge collapse with testimony from the Johannesburg Development Agency (JDA). The October 2015 incident resulted in the death of two people, while 19 others were injured. The scaffolding, which was intended to have been used as an interim support measure during construction of a pedestrian bridge parallel to the Grayston Bridge, gave way, collapsing on the high-traffic M1 highway.

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Mining downturn results in profile expansion for consulting firm

International consulting engineering and scientists consultancy SRK Consulting’s local non-mining contracts have become its main revenue contributor, contributing to about 40% to 50% of the firm’s overall workload over the past three years. “The company’s growth in non-mining work is not just in percentage terms; it has steadily grown in its revenue contribution to the business over the last ten years.”

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Service expansion expected to promote geographical expansion

Multidisciplinary consulting engineering firm Bosch East Africa Consulting Engineers – part of South Africa-based Bosch Holdings – has extended its mechanical, electrical and plumbing (MEP) services to include civil and structural engineering services to further extend its footprint in Africa. The company’s extended civil engineering consultancy services now also include the design and construction supervision of bulk earthworks, roads, stormwater structures, dams, water and wastewater treatment plants, pipelines and solid-waste management facilities. Its structural engineering services comprise reinforced concrete and structural steel design services, and the construction supervision of residential, industrial and commercial buildings, from the foundations to the roof.

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With universal access in sight, SA’s electrification drive takes on new dimensions

The integrated national electrification programme (INEP) of the Department of Energy (DoE) is set to change in scope and character as it nears its initial goals of electrifying most communities in South Africa that were not connected to the national grid. Energy Deputy Minister Thembisile Majola said in her Budget Vote speech in May that the programme – which receives a substantial portion of the DoE’s budget – would look to include a variety of energy sources as part of an energy transition, with sustainability as a core value and serving as a unifying framework to meet economic, social and environmental goals.

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Sephaku optimises capacity utilisation despite subdued trading environment

Despite a subdued trading environment, owing to intensifying competition in the ready-mix concrete segment, building materials company Sephaku Holdings has optimised its overall capacity utilisation in terms of production and transport, while further reducing its debt in the financial year ended March 31. The group’s net profit decreased from R68.1-million in the prior financial year to R44.2-million, with headline earnings a share having decreased to 20.92c, compared with 33.37c in the prior year.

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Meyburgh to retire as Stefanutti CEO in May 2019

JSE-listed Stefanutti Stocks on Thursday announced several leadership changes, including the retirement of CEO Willie Meyburgh on May 31, 2019. Russell Crawford, currently MD of the company’s construction and mining business unit, has been appointed CEO-designate, and will report to Meyburgh from July 1, 2018.

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Radebe initiates bilaterals with Moz and Namibia on cross-border gas prospects

Energy Minister Jeff Radebe initiated bilateral discussions with Mozambique this week regarding the further development of the cross-border gas infrastructure linking South Africa’s energy and chemicals sectors to Mozambique’s vast natural gas resource. Well over 100-trillion cubic feet (tcf) of natural gas has been discovered in Mozambique and there is an expectation that, with further exploration and development, the resource could be enlarged in future.

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Kenya’s ARM Cement counts on shareholder loans for revival

Kenya’s ARM Cement will rely on short-term loans from shareholders to lift production back to capacity and seek a deep-pocketed strategic investor, its chief executive said on Wednesday, as the firm struggles to stem its financial woes. The company, which was once Kenya’s second-largest cement maker behind LafargeHolcim’s Bamburi Cement, has seen its market share plunge to just 10% after the clinker plant it built in Tanzania in 2014 failed to generate income.

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