Building & Construction News

Basil Read says it needs more funding to survive

  • 28-02-2019
  • Business Live

Basil Read, the construction group that slid into business rescue in mid-2018, said on Wednesday that its survival depends largely on it receiving more short-term funding. The company’s business rescue practitioners saw “reasonable” prospects of s...

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Engineers leave SA due to ‘construction mafia armed with illegal weapons’

  • 28-02-2019
  • The Citizen

Armed “community forums” – widely referred to as the “construction mafia” – are prevalent on virtually all construction sites in the country, and the situation is so bad that engineers prefer to leave South Africa rather than work under such conditio...

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The Grand Ethiopian Renaissance Dam is the new reality. Why a deal must be done

  • 27-02-2019
  • Bizcommunity.com

Africa's longest river the Nile runs through 11 countries. One of them is Ethiopia which contributes about 85% of the Nile water flowing to Sudan and Egypt. The 11 nations are hoping that the massive Grand Ethiopian Renaissance Dam, which is currentl...

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GIBB to monitor environmental compliance during R7bn Durban port construction

  • 27-02-2019
  • Bizcommunity.com

GIBB Engineering and Architecture has been awarded the contract to monitor compliance and to avoid disturbance to the ecosystem by the R7bn Durban Container Terminal berth-deepening project that commenced in October 2018. The project will be creat...

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PPA 7665

Construction starts on Ngqura Liquid Bulk Terminal

  • 26-02-2019
  • Infrastructurene.ws

Construction has officially started on the Ngqura Liquid Bulk Terminal in Port Elizabeth. The project, which is being spearheaded by Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo, will see the construction of a new liquid...

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R5.5 billion zinc mine for SA

  • 26-02-2019
  • IOL Business Report

CAPE TOWN – President Cyril Ramaphosa will on Thursday officially open the R5.5 billion investment zinc mine in the Northern Cape, the Presidency said on Sunday. The Gamsberg Mine near Aggeneys is located in the mining centre between Springbok and...

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SA takes important next steps to solving its power crisis

  • 25-02-2019
  • Moneyweb

Unpacking the depths of the Eskom crisis, and how it needs to be resolved. In his maiden budget speech, South Africa’s Finance minister Tito Mboweni, confirmed the depth of the financial crisis at South Africa’s power utility Eskom. He also unders...

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Renewable energy programme attracts R209.4bn to SA economy

  • 25-02-2019
  • Bizcommunity.com

The Renewable Energy Independent Power Producer Procurement Programme (REIPPP) is making a significant impact on the economy, job creation, community upliftment, economic transformation and climate change. The REIPPP is a competitive tender process t...

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Developer loses appeal on Bo-Kaap

  • 22-02-2019
  • IOL

Cape Town – The Bo-Kaap community and land activists have hailed a Heritage Western Cape (HWC) decision to dismiss an appeal for development in the historically significant area. Bo-Kaap Civic and Ratepayers Association secretary Jacky Poking said...

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Sibanye lambastes Moody's over downgrade

  • 22-02-2019
  • The Business Report

JOHANNESBURG – Sibanye-Stillwater yesterday lambasted the decision by global rating agency Moody’s Investors Service to downgrade the precious metals producer. Speaking during the financial results presentation yesterday, which saw Sibanye-Stillw...

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