Building & Construction News

Group Five loses battle to stop call on bonds

  • 16-11-2018
  • Moneyweb

Underlying Kpone dispute to be settled in arbitration. The share price of embattled construction group Group Five had risen by 5% by noon on Friday despite the fact that judge Willem van der Linde earlier the same morning dismissed its urgent appl...

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Global petroleum company brings fracking threat to Drakensberg

  • 16-11-2018
  • IOL

Durban - An international petroleum exploration company has fired up a fresh application to explore for products in prime farmland in the central Drakensberg and Free State. This follows a government decision to dismiss an appeal by farmers, environ...

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Outa finds Emfuleni recovery plan lacking

  • 15-11-2018
  • Infrastructurene.ws

The Organisation Undoing Tax Abuse (Outa) has expressed its concern over the Financial Recovery Plan for the dysfunctional Emfuleni Local Municipality. The organisation says it is concerned that the plan has a lot of information but no clear plan,...

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South Africa: R5.5 Million Upgrade Planned for Cape Town's Grand Parade

  • 15-11-2018
  • allafrica

A R5.5m upgrade has been planned for the historic Grand Parade in central Cape Town, a City official said on Monday. The open space, located opposite City Hall, was where crowds gathered for Nelson Mandela's first public address after his release ...

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N3 to be upgraded at Van Reenens Pass

  • 14-11-2018
  • East Coast Radio Website

The N3 freeway linking Durban and the inland provinces is an important business and economic route and keeping it properly maintained is key. That is the view of the N3 Toll Concession, the body that manages the busy route between Cedara in the Kw...

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Africa’s longest suspension bridge opens to the public

  • 14-11-2018
  • Construction Review Online

The Maputo–Katembe Bridge in Mozambique, Africa’s longest suspension bridge that costed a whooping US $750m has officially been opened to traffic. Financed by China and built by China Road and Bridge Corporation, the project began in June 2014. Th...

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Institution to fast-track water use licences

  • 13-11-2018
  • Bizcommunity.com

Water and sanitation minister Gugile Nkwinti is to establish an institution to accelerate the issuing of water use licences. “The delay of the issuing of the licences to businesses, especially emerging farmers, can no longer be tolerated. Governme...

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Group Five accused of lying to shareholders

  • 13-11-2018
  • IOL

PRETORIA – Listed Group Five has been accused of being untruthful to shareholders in claiming last month that it would complete its troublesome $410 million Kpone power plant in Ghana by the end of that month. This has emerged in papers in the Sou...

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Power cuts could be order of the day as Eskom runs low on coal

  • 12-11-2018
  • Fin24

Stocks of coal remain low at Eskom's 15 baseload stations, presenting a risk of power cuts at any time in South Africa just as it makes efforts to regain investment. The state-owned utility that provides about 90% of the nation’s electricity is lo...

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Water experts explore solutions to sector challenges

  • 12-11-2018
  • Bizcommunity.com

Water and sanitation industry players have been urged to tap into new local technologies and solutions that will address the service delivery challenges that plague the sector. The minister of water and sanitation, Gugile Nkwinti, has lamented the...

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