Building & Construction News

FNB/BER Building Confidence Index shows uptick in building activity in 4Q2019

  • 06-12-2019
  • Bizcommunity.com

The FNB/BER Building Confidence Index edged higher to 25 in 4Q2019 after a 20-year low of 22 in 3Q2019. The current level of the index indicates that only one in four respondents are satisfied with prevailing business conditions. Four sub-sectors ...

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Wage agreement is ‘killing jobs’ in Cape construction sector

  • 05-12-2019
  • Bizcommunity.com

An agreement that pays above industry average wages is being strongly contested by small building companies and sub-contractors who argue that it is unaffordable and will put them out of business. Big players and trade unions want everyone to pay the...

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Saint-Gobain Gyproc Brakpan plant self-supplying 30% of its water requirements

  • 04-12-2019
  • Bizcommunity.com

Taking into account South Africa's status as a water-scarce region, Saint-Gobain has been reviewing the water consumption patterns and levels of its operations in the country, including that of its Brakpan plant. After assessing different options,...

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Unit 2 of Medupi power plant in South Africa attains commercial operation

  • 04-12-2019
  • Construction Review Online

Unit 2 of the Medupi power station in South Africa is now commercially operational. South Africa state-owned power utility Eskom revealed the report and said that the unit will be part of Eskom’s generating output, contributing just under 800MW to th...

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SA growth dips as construction industry fails to pull out of recession

  • 03-12-2019
  • IOL

JOHANNESBURG – The South African economy slipped slightly in the third quarter after rebounding by a revised 3.2 percent in the second quarter of 2019, Statistics SA announced on Tuesday. The country’s mining, manufacturing and transport sectors ...

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No sign of recovery for Group Five construction company

  • 02-12-2019
  • Fin 24

Construction and engineering company Group Five says that there is "no realistic prospect" that its construction company will recover from the business rescue process, currently underway. The group on Monday issued an update on the business rescue...

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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...

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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, ...

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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...

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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...

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