Building & Construction News

Basil Read steps back from the brink

  • 29-03-2018
  • Moneyweb

Construction group Basil Read was in such a bad state at the end of December last year that its auditors said there was material uncertainty about its going concern status. Its current liabilities of R2.1 billion exceeded its current assets of R1....

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Court ruling clears way for Eskom to sign renewable energy contracts

  • 29-03-2018
  • IOL

Pretoria - Eskom can go-ahead with the signing of 27 renewable energy contracts and the purchase of alternative energy from Independent Power Producers (IPP), after the Gauteng High Court, Pretoria on Thursday struck an application to halt this proce...

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City of Cape Town starts R146m Strand housing developmen

  • 29-03-2018
  • IOL

The City of Cape Town’s Transport and Urban Development Authority has started the construction of 547 semi-detached and detached single-storey houses in Morkel’s Cottage, Strand. The City’s Mayco member for Transport and Urban Development, Brett Her...

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A US $540m Business Park to be constructed in Kenya

  • 29-03-2018
  • Construction Review Online

A US $540m Business Park is set to be constructed in Nairobi, Kenya by the Garden City mall developers. The park will house the headquarter offices of East Africa Breweries Ltd (EABL). The mega project which will be funded by UK private equity fun...

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Potash producer seeks local funds

  • 29-03-2018
  • Business Day

South African investors are going to play a big role in financing a 2-million-tonnes-a-year potash mine in Congo Republic as Australia’s Kore Potash nears the end of a bankable feasibility study into the project that could cost between $1.8bn and $2b...

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ATON raises stake in Murray & Roberts in takeover attempt

  • 28-03-2018
  • Moneyweb

German investor purchases over 13m shares at R15 each. German investor ATON said on Thursday it had raised its stake in Murray & Roberts to 33.1% as it seeks to takeover the engineering and construction firm despite management opposition. ATON ...

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Construction begins on Durban's R35bn waterfront development

  • 28-03-2018
  • IOL- Daily News

Durban - Construction on the multi-billion rand Durban Point Development project kicked up a gear after eThekwini Mayor, Zandile Gumede officially turned the sod for the R300 million beachfront promenade extension. The ceremony took place at the S...

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Watt Interchange project kicks off

  • 28-03-2018
  • Infrastructurene.ws

The Johannesburg Development Agency (JDA) has confirmed that construction on the Watt Interchange project is scheduled to start in April 2018. The project, which is expected to cost approximately R260 million, will start with the construction of t...

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Are ‘thugs’ disrupting Gauteng infrastructure projects?

  • 28-03-2018
  • Infrastructurene.ws

The Democratic Alliance is calling on Gauteng premier David Makhura and infrastructure development MEC Jacob Mamabolo to take action against lawlessness and criminality in infrastructure development projects. The African News Agency on Monday repo...

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Offshore jobs keep construction groups afloat

  • 28-03-2018
  • Business Live

Consolidation in the sector could bring construction companies back into vogue Offshore work should sustain local listed construction players as they grow impatient at the slow infrastructure spend and lack of new projects in SA. Murray & Rober...

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