Building & Construction News

B-BBEE – More than just points

  • 30-06-2020
  • Business Tech

The national Broad-Based Black Economic Empowerment (B-BBEE) strategy was born out of the constitutional requirement for previously disadvantaged individuals and entities in South Africa to have equal access to the economy. It consists of three me...

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First quarter GDP falls by 2% as recession continues

  • 30-06-2020
  • News 24

South Africa's economy decreased by 2.0% in the first quarter of 2020, Statistics South Africa reported on Tuesday morning. This extends the technical recession that the country found itself in in the last quarter of 2019. The release of St...

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Basil Read CEO foresees revival of the company

  • 29-06-2020
  • Moneyweb

Basil Read chief executive Khathutshelo ‘K2’ Mapasa foresees the listed construction group resurrecting itself from the dust, turmoil and uncertainty of its current business rescue process and returning to its former glory. “That is the reason why...

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Construction of Medupi to be completed this financial year – DD Mabuza

  • 29-06-2020
  • Sunday World

Deputy President David Mabuza said today that Eskom will complete the construction Medupi power station this year, while Kusile is set to be completed by 2023. Mabuza said while the system remains under pressure, government is confident that Eskom...

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Wind sector targets R400bn post-COVID-19 economic recovery

  • 26-06-2020
  • IT Web

South Africa’s wind energy industry is looking to make investments of between R300 billion and R400 billion and create 25 000 jobs in the next decade. So said industry players this week, during a virtual panel discussion on the role of wind power ...

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Construction of Africa CDC headquarters in Ethiopia to begin ahead of schedule

  • 26-06-2020
  • Construction Review Online

The proposed construction of the new Africa Centre for Disease Control and Prevention (Africa CDC) headquarters in Addis Ababa, Ethiopia is supposedly expected to begin this year ahead of schedule. This was proposed by Xi Jinping, the president of...

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Locally manufactured transformer arrives at Perdekraal East Wind Farm

  • 25-06-2020
  • Bizcommunity.com

The arrival of Perdekraal East Wind Farm's main transformer marked a major milestone in the construction process. This 500MVA mega transformer was manufactured in South Africa, which has added to project's already high local content percentage, as th...

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Govt, SOEs ‘underspent over R140bn on infrastructure in 4 years’

  • 25-06-2020
  • The Citizen

‘There has been no clear national direction and strategy for infrastructure and the oversight has been scattered and in the wrong place,’ Kgosientso Ramokgopa told MPs. Government and state-owned entities have over the past four years underspent ...

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South Africa Outlines Plan for $133 Billion Building Boom

  • 24-06-2020
  • Bloomberg

Proposed projects could create more than 1.8 million jobs World Bank, AfDB pledge backing for state investment drive South Africa’s government unveiled a plan to galvanize 2.3 trillion rand ($133 billion) in new infrastructure investment over t...

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V&A Waterfront’s the Ridge installs long-awaited facade

  • 24-06-2020
  • Property Wheel

With construction restrictions lifted, the Ridge’s development team has returned to site to install the long-awaited facade. The first cross laminated timber (CLT) and glazing panels arrived and have been installed along Marine Road. These cust...

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