Building & Construction News

2015/16

Public institutions spent R284 billion on capital projects in 2015/16

  • 31-07-2017
  • SABC News

Figures released by Stats SA show that 722 major public institutions spent R284 billion on capital projects in 2015/16 financial year. These institutions ranged from local municipalities, national departments and State Owned Enterprises like Eskom. ...

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Miners drive SA stocks to record high as Kumba gains

  • 31-07-2017
  • Fin24

Johannesburg - South Africa’s benchmark stock index advanced to a record on Monday, joining a global rally as commodity prices surged on optimism economic growth is gathering momentum. The FTSE/JSE Africa All Share Index rose as much as 0.9% to 55...

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Aveng slides as talks to sell steel arm ended

  • 31-07-2017
  • Moneyweb

Shares down more than 3% on the news. JOHANNESBURG – South African construction group Aveng said on Monday it has ended talks on the sale of its Aveng Trident Steel business due to a failure to reach agreement on price. Work for South Africa’s ...

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New International Construction Measurement Standards launched

  • 31-07-2017
  • Bizcommunity.com

The newly launched International Construction Measurement Standards (ICMS), a universal system that enables global comparison of construction projects, aims to revolutionise the global construction industry by improving cost prediction in infrastruct...

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New International Construction Measurement Standards launched

  • 28-07-2017
  • Bizcommunity.com

The newly launched International Construction Measurement Standards (ICMS), a universal system that enables global comparison of construction projects, aims to revolutionise the global construction industry by improving cost prediction in infrastruct...

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How will Eskom spend all the extra money it wants South Africans to pay?

  • 28-07-2017
  • Bizcommunity.com

Eskom wants consumers to cough up more for electricity, but a lobby group has raised questions about how the power utility has spent hundreds of billions in funding. Eskom is seeking a 20% tariff increase from the National Energy Regulator of SA (...

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Repo Rate Cut Welcome News for the Property Market

  • 28-07-2017
  • Gauteng Business News

THE SURPRISE move by the South African Reserve Bank (SARB) yesterday to cut the repo rate by 25 basis points to 6.25% will come as welcome news to property buyers, owners and letters in tight financial times, says Paul Stevens, the CEO of Just Proper...

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Cutifani calls on SA to dump Charter, restart talks in 2018

  • 28-07-2017
  • miningmx

The Mining Charter redraft published by South Africa’s Department of Mineral Resources (DMR) on June 15 had to be disregarded and replaced starting with a fresh negotiations, probably only in 2018, said Mark Cutifani, CEO of Anglo American. “Let m...

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Romans are about to go 8 hours a day without water

  • 28-07-2017
  • IOL

Milan - Two thousand years ago, Rome could pride itself on having the world's most advanced aqueducts, exporting the technology throughout Europe and the Middle East. Today, the city is literally running out of water - thanks in part to its crumbling...

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Gold miner hit with tax bill 70 times Google's record R35bn fine

  • 27-07-2017
  • Fin24

London - It was supposed to mark a fresh start for the African business of the world’s biggest gold producer. In November 2014, African Barrick Gold would get a new name and new management to distance itself from a troublesome past and disputes with ...

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