Bakwena Corridor in R582m upgrade 

Bakwena Platinum Corridor Concessionaire (Bakwena) is adding 32 km of a second carriageway on the N4 between the M17 and R512 (Brits Interchange).  The project costs R58-million with a 36-month construction period, and is scheduled to be completed in June next year.

Powered by WPeMatico

Local building sector confidence reaches 20-year low

South Africa’s building sector is expected to contract further in the second quarter. The First National Bank (FNB) and Bureau for Economic Research (BER) Building Confidence Index, had already reached a two-decade low of 13 points in the first quarter of this year, down from 25 points in the fourth quarter of 2019.

Powered by WPeMatico

Coega signs lease agreement with Eris for Vulindlela Retail Centre

The Coega Development Corporation (CDC) has signed a lease agreement with Eris Property Group for the development of the Vulindlela Retail Centre in Port Elizabeth. “The agreement marks a significant milestone in the development of the project, which has been in the works for the past year,” said CDC commercial manager Yasvin Gajjar in a statement issued on Monday.

Powered by WPeMatico

Contractors obliged to provide protection against Covid-19, armed gangs

Contractors who fail to implement effective health and safety regulations on their construction sites are placing their workers at serious risk, especially in light of the global Covid-19 pandemic and ongoing invasions by armed gangs who threaten violence unless their employment demands are met, says Databuild CEO Morag Evans. “The Occupational Health and Safety (OHS) Act mandates all employers to provide a safe and healthy environment for their employees, and while South Africa’s OHS legislation is certainly on par with that of the rest of the world, the country’s OHS record tells a dismal story,” adds Evans.

Powered by WPeMatico

JSE-listed Reits delay dividend payments

JSE-listed real estate investment trusts (Reits) Redefine Properties, Hyprop Investments and EPP have announced postponements to the payment of dividends in response to the Covid-19 outbreak.

The uncertain and prolonged nature of lockdown-type measures is having negative repercussions all over the world, and South Africa is no exception.

Powered by WPeMatico

Murray & Roberts’ earnings unaffected by Covid-19-related halts for now

Specialist engineering and construction group Murray & Roberts (M&R) in a statement on Friday said it was still too early to provide an estimate of what the effect of Covid-19 would be on the company’s earnings for the current financial year. As it stands, the impact on its active projects in Australasia, the Americas and sub-Saharan Africa had been limited, M&R confirmed.

Powered by WPeMatico

Collaboration needed in electrical sector

South Africa’s entire electrical sector needs a “shake up” and a lot more collaboration, Electrical Conformance Board of South Africa (ECBSA) MD Peter Pedrick has learnt since taking up his position in May last year. Historically, South Africa was internationally recognised for its effective regulation of the country’s electrical sector.

Powered by WPeMatico

Public Works building Beitbridge fence, securing quarantine facilities

The Department Of Public Works and Infrastructure (DPWI) has undertaken several measures within its mandate, in response to the spread of Covid-19. As part of an ongoing process, the department has identified 37 State-owned properties in various provinces which could possibly be used as quarantine sites.

Powered by WPeMatico

Chamber launches Small Business Relief Centre

The National Small Business Chamber (NSBC) has launched a Covid-19 Small Business Relief Centre to assist businesses during this crisis.

The centre collaborates with experts in various business fields, which should help small businesses weather the storm successfully.

Powered by WPeMatico

Cape Town commercial building showcases pioneering use of ecobricks

A new building under construction at Cape Town’s V&A Waterfront has become among the first commercial buildings in the world to use ecobrick technology.   Recycled beverage bottles, including the typical ‘Coke’ 2 litre bottles, are being used as ecobricks in the construction of The Ridge, a custom-designed green building to accommodate the Cape Town offices of international professional services firm, Deloitte.

Powered by WPeMatico