Stefanutti starts implementing restructuring plan, expects 610c loss

JSE-listed construction and engineering group Stefanutti Stocks has announced that a restructuring plan for the company has been completed and approved by its board, including having regard to the potential impact of Covid-19.

The company appointed a strategic restructuring team in November to assist with the implementation of turnaround interventions after it started reporting liquidity pressures and losses, partly owing to lower order books, earlier in the year.

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Bell’s full-year earnings fall

Local original-equipment manufacturer (OEM) Bell Equipment achieved headline earnings a share of 80c a share for the year ended December 31, while earnings a share were 79c. This compares with headline earnings a share of 278c and earnings a share of 283c reported for the prior financial year.

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Raubex divisions see return to profitability

Infrastructure development and construction materials supply group Raubex managed to maintain sufficient capacity to participate in any improvement in the sector, while simultaneously undertaking rightsizing initiatives has seen the company’s roads and earthworks division return to profitability. CEO Rudolf Fourie says the company had seen a “substantial increase” in tender activity in the second half of the financial year, which ended on February 29.

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Protocol to ensure safety on construction sites

The Construction Management Foundation (CMF) welcomes President Cyril Ramaphosa’s reopening of all construction and infrastructure works under Alert Level 3 on the Risk Adjusted Strategy that will commence on June 1 as a positive step in helping to reinvigorate the construction sector.

The Covid-19 Construction Task Team, of which the CMF is a part, has already drafted and submitted a Covid-19 Workplace Construction Health and Safety Protocol to the Department of Employment and Labour (DEL), outlining measures construction businesses must adopt before reopening their workplaces and construction sites.

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MBA North calls on all stakeholders to reach force majeure consensus

As the construction industry gears up to return to work when the national Covid-19 lockdown moves to Alert Level 3, industry stakeholders need to come together to reach consensus on a number of contentious issues, says MBA North president and Gothic Construction director Wayne Albertyn.   “A key issue we need to resolve is how to handle the disruption caused by the government-mandated lockdown, plus the costs associated with complying with the regulations promulgated under Level 3.

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Precast-concrete manufacturing complements construction sector

The precast-concrete manufacturing sector is complementing conventional in-situ building methods by helping to accelerate strategic infrastructure projects and reducing construction costs. It is also augmenting the public sector’s drive to use infrastructure projects to create employment and skills development opportunities, considering the many sustainable and quality jobs that these factories create.

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DPWI, partners complete bridge to connect communities in Eastern Cape

The Department of Public Works and Infrastructure (DPWI) says a bridge has been delivered in a rural community in the Eastern Cape. The bridge was completed in recent weeks as a critical infrastructure project in the Bilatye community in the Chris Hani District municipality in the Eastern Cape.

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Health and safety burden shifts onto firms as Level 3 opens way for big resumption of economic …

The nationwide transition from lockdown Level 4 to Level 3 on June 1 would facilitate the return-to-work of almost eight-million more South Africans than had hitherto been allowed to do so, Trade, Industry and Competition Minister Ebrahim Patel said on Thursday. He cautioned, however, that the move would require individual businesses and workers to bear a larger share of the responsibility for limiting the spread of Covid-19. The transition represented a “big shift” from previous lockdown levels, which were designed to ensure that most economically active citizens remained at home. Under Level 3, most industries, from sawmilling and construction to manufacturing to retail, would be allowed to resume, with only a handful of activities, such as hair styling and contact sport, still deemed too risky, owing to the difficulty of enforcing physical distancing.

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Sanral seeks go-ahead to move to ‘non-paper-based’ tender process

The South African National Roads Agency Limited (Sanral) is awaiting permission to move to an online tender system, says Sanral Eastern Region regional manager Dumi Nkabinde. Seventy tenders are currently undergoing compliance checks at Sanral, while 132 are under evaluation. The number of tenders awarded since April 1 this year is 19.

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Ramaphosa to host inaugural Sustainable Infrastructure Development Symposium

President Cyril Ramaphosa will on June 23 host the inaugural Sustainable Infrastructure Development Symposium of South Africa (Sidssa) to unveil an infrastructure project pipeline from six priority sectors. The Sidssa itself is a culmination of a meeting convened by the President in February this year, which brought together business associations, line ministries and financial institutions.  

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