Building & Construction News

BRICS bank to lend Eskom billions to alleviate pressure on SA grid

  • 20-03-2019
  • Fin24

The New Development Bank plans to lend as much as R11.2 billion ($780 million) at current exchange rates to Eskom for infrastructure projects this year as the ailing South African power utility battles to keep power supply steady. Eskom, which on ...

Read More

Criminals hinder R25.5bn of SA building projects

  • 20-03-2019
  • Moneyweb

Criminals are said to have vandalized R25.5bn of construction projects across the country. A South African engineering contractors’ lobby group asked the the government to better enforce security as criminals have disrupted or vandalized R25.5 bil...

Read More

Eskom, government plans for Stage 5 and Stage 6 load shedding to stave off national blackouts

  • 19-03-2019
  • Fin24

Eskom and government have started planning for Stage 5 and Stage 6 load-shedding, according to officials who say that there is a race against time to ensure that a national blackout and grid collapse does not happen. Stage 5 and Stage 6 load-sh...

Read More

Farmers can help keep the lights on

  • 19-03-2019
  • Moneyweb

Renewable energy could help farmers with power problems and support the national grid. While the electricity increases for the next three years are expected to negatively affect the agricultural industry, farmers have the capacity to run renewable...

Read More

Zimbabwe Botswana and Mozambique to develop a joint railway

  • 19-03-2019
  • Construction Review Online

Three member states of the Southern African Development Community (SADC), Zimbabwe, Botswana and Mozambique have inked down a memorandum of understanding(MoU) that will see construction of a railway line linking the three countries. The proposed r...

Read More

What Eskom is not telling us …

  • 18-03-2019
  • Moneyweb

The situation, particularly in its coal fleet, is worse than we think. We now know that the dramatic and chaotic escalation of load shedding on Saturday – from Stage 2 to Stage 3 and then Stage 4 within hours – was caused by the loss of imports of...

Read More

Group Five is in need of R3.6bn just to survive business rescue

  • 18-03-2019
  • IOL

CAPE TOWN – Group Five needs R3.6 billion to fund its working capital requirements this year if it is to survive in an industry that is still on its knees. Formerly one of South Africa's biggest construction groups, Group Five went into business r...

Read More

Tanzania and Malawi partner to develop Songwe River Basin

  • 18-03-2019
  • Construction Review Online

The governments of Tanzania and Malawi have come together and launched a joint commission of the Songwe River Basin aimed at running irrigation and power generation projects on Songwe River Basin. Speaking during the commissioning ceremony, in Kye...

Read More

Eskom confirms Stage 2 load shedding to last until Sunday

  • 15-03-2019
  • Fin24

Eskom has said that stage 2 load shedding will continue until Sunday and the risk of power cuts remains high until the middle of next week. The national power utility said the cuts were due to a shortage of generation capacity caused by plant brea...

Read More

Brace for another big fuel price hike in April

  • 15-03-2019
  • IOL

South African motorists are still reeling from this month’s substantial fuel price increases of 74 cents a litre for petrol and 93 cents for diesel, but there is more on the way thanks to a deadly cocktail of high oil prices, weak currency and additi...

Read More