Building & Construction News

Property sector under pressure due to low levels of confidence

  • 22-05-2017
  • Bizcommunity.com

Low business and consumer confidence are placing the property sector under pressure. Construction activity is concentrated in upper-market business hubs, as the rising costs of building prompts property developers to scale down or concentrate on p...

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One-off costs hit Stefanutti

  • 22-05-2017
  • Bizcommunity.com

Construction group Stefanutti Stocks should return to profitability in the next financial year, after one-off costs in the year to February put its earnings under pressure. A one-off present value charge of R139m related to a settlement agreement ...

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Western Cape declared a disaster area as 'Day Zero' looms

  • 22-05-2017
  • IOL

Cape Town – Western Cape Premier Helen Zille on Monday officially declared the Western Cape a disaster area in response to the current drought crisis – the worst in more than a century. “The disaster declaration will accelerate the Western Cape Di...

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Work on mega bridges in South Africa kicks off this year

  • 22-05-2017
  • Construction Review Online

The South African National Roads Agency Limited’s (Sanral’s) N2 Wild Coast Toll Road (N2WCTR) project that covers the construction of two mega bridges in South Africa, is expected to begin between August and October this year. This is according to...

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Afrimat: The mid-tier miner that keeps on giving

  • 19-05-2017
  • Moneyweb

Afrimat’s diversification strategy pays off. The share price of diversified mid-tier mining company Afrimat increased by 4.63% on Thursday to R28.50 on the back of a 25.4% increase in headline earnings per share (Heps) for the year ended February ...

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Afrimat's full-year headline profit up 25.4%

  • 19-05-2017
  • Bizcommunity.com

Minerals and construction materials supplier Afrimat said on Thursday, 18 May, that its full-year headline profit was up 25.4% due to a strong performance in its mineral-producing operations. Headline earnings per share (HEPS) rose to 156.6c in th...

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PROPERTY: Fixtures and Fitting in Property Transactions Explained

  • 19-05-2017
  • Gauteng Business News

Property owners often add special elements to their homes, sometimes even inherited items that have special meaning. This could be an antique dresser that is built into the kitchen, a bar counter, an old fireplace or even a special chandelier or hang...

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GE to expand on its 18 GW hydropower presence in Africa

  • 19-05-2017
  • Construction Review Online

General Electric Corp(GE) says it wants to be involved in the planned 29 GW increase of hydropower presence in Africa that also includes implementing the Digital Hydro Plant, according to President and Chief Executive Officer, Hydro, GE Renewable Ene...

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Borrowing to cover utility debt a slippery slope: World Bank report

  • 18-05-2017
  • Bizcommunity.com

It is always better for power utilities to be self-sufficient and not depend on government subsidies to avoid becoming trapped in a vicious spiral when debt gets out of control. Power utilities increasing their borrowings to cover costs may put thes...

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#AUW2017: Cape Town drought - city ‘waiting on a miracle'

  • 18-05-2017
  • Bizcommunity.com

Amidst what has been labelled the worst drought in Cape Town in 100 years, a city official told delegates at the 2017 African Utility Week conference that there was no way they could reasonably have anticipated the severity of it. Cape Town reside...

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