Building & Construction News

Eskom is said to mull asset sales as billionaire circles

14-12-2018
Moneyweb

Patrice Motsepe in line to buy power utility’s home-loans business. Eskom is considering the sale of smaller assets as the South African state-owned power utility weighs solutions to a liquidity crisis that contributed to a wave of rolling blackou...

Loss-making construction firm Group Five attracts interest

14-12-2018
Timeslive

Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, ...

FACT CHECKED: Load shedding - not enough coal or all part of a loan deal?

13-12-2018
Fin24

Eskom has attributed load shedding in recent weeks to planned and unplanned plant maintenance. Most recently, the power utility announced that there was a low probability for load shedding over the festive period, when economic activity would slow...

Cape Town's Old Granary building revamp complete

13-12-2018
Bizcommunity.com

The revamp of the Old Granary building, which started in 2016, has been completed. The building has been refurbished specifically for the Desmond and Leah Tutu Legacy Foundation (D...

Group Five’s share price doubles on hopes of acquisition

13-12-2018
BusinessDay

A number of parties have expressed interest in buying parts of the JSE’s worst performer in 2018 Group Five’s share price doubled to 48c on Thursday morning from Wednesday’s closing price of 24c after it announced it had attracted interest from nu...

The curious case of Jabu Mabuza and Eskom’s coal policy

12-12-2018
Moneyweb

Denies policy that ‘drove majors out of industry’ ever existed. \When Eskom chairman Jabu Mabuza last week stated that everybody is to blame for the current load shedding, there was quite a reaction. The week before, at Eskom’s interim results ...

Kenya the largest geothermal energy producer in Africa starts construction of new plant

12-12-2018
Construction Review Online

Kenya, Africa’s largest producer of geothermal energy continues to increase its geothermal capacity with the commencement of construction work on Kenya’s Olkaria 1 unit 6 geothermal power plant kicked off this week during a ground breaking ceremony ...

Mining, manufacturing contribute to 16 000 jobs slide

11-12-2018
Fin24

Statistics South Africa has released data on the mining, construction and manufacturing sectors, which contributed significantly to the loss of 16 000 jobs in the third quarter of 2018. Stats SA released the report on Tuesday afternoon. It showed ...

Southern African nations need to up their groundwater management game

11-12-2018
Bizcommunity.com

When you think of a country's water resources, you may not realise that there are many kinds. Some is surface water, such as dams and rivers. There's also groundwater, which includes aquifers and, in some places, artificial recharge schemes that tran...

Wayne Duvenage: R100bn Eskom bailout - the bitter pill we may be forced to swallow

10-12-2018
Fin24

Eskom’s dire need to attract support for its recent indication of a R100bn state bailout requires greater transparency and explanation of its business plan. Of all the bailouts requested by a state-owned entity (SOE), Eskom’s recent hint of passin...