Wednesday, 28 March 2012 02:00

Infrastructure Construction Challenge

Ten years ago, the construction sector was moving at half speed after two decades of reduced activity levels, ever since the great 1970s infrastructure boom had ended

Friday, 12 March 2010 02:00

Travel to games in style

Metrorail is ready to provide refurbished trains to the 2010 World Cup games in June.

Friday, 05 March 2010 02:00

2010 road opened

Mpumalanga MEC for public works, roads and transport Clifford Mkansi has officially opened one of the 2010 World Cup roads in Nelspruit.

Tuesday, 02 March 2010 02:00

Fifa okays stadiums

Fifa secretary-general Jerome Valcke says Cape Town pitch should be the benchmark for all others.

Wednesday, 26 November 2008 02:00

Metrorail on track for World Cup

Durban's new R140m railway station for the 2010 World Cup will be completed by September 2009, Metrorail said.

Monday, 27 October 2008 02:00

World Cup projects still on track

Transport Minister Jeff Radebe says South Africa’s international airports will be primary beneficiaries of the 2010 soccer World Cup.

Tuesday, 26 August 2008 02:00

Green Point preferred operator named

A consortium of the Sail Group and Stade de France has been named the preferred bidder to operate Cape Town's Green Point stadium.

Thursday, 22 May 2008 02:00

Esor thrives on building boom

Geotechnical engineering specialist Esor on Wednesday reported a threefold increase in revenue to R1bn for the year to February as it benefited from commercial and government infrastructure spend and a building upsurge in Angola and Mauritius.

Construction IndustryCEO Bernie Krone said today’s buoyant construction market was the primary driver for the group’s organic growth.

“The Gautrain continues to be a major contributor. We have R400m worth of work for the high- speed train which will be world class, with 14 months’ worth of work,” Krone said.

Of the R420m worth of projects secured, R170m was completed during the year.

“The Gautrain … is stimulating major development within the radius of its stations’ use areas, which will dramatically alter the urban landscape and further boost the construction industry beyond 2010.” The many new developments in the pipeline included high-rise offices, hotels and retail and commercial building projects.

The group has completed piling projects for Airports Company SA at the new King Shaka and Cape Town International Airports and contracts for piling, pedestrian culvert jacking and lateral support at OR Tambo International Airport.

Work on stadiums for the 2010 World Cup has been completed at Athlone Stadium in Cape Town, Moses Mabhida Stadium in Durban and Port Elizabeth Stadium.

Profit came in at R116m from R34m a year before.

Headline earnings per share jumped 240% to R115m, equating to 51,3c per share while net asset value per share increased 46% from 109,8c per share to 160,3c.

The group declared a final dividend of 20c per share for the year for a total of R49,6m.

Krone said the group was entrenching its presence in Africa, building on subsidiary Franki’s foothold in oil-rich Angola. Contracts for piling, lateral support and marine works projects were completed during the year.

Stringent cost control kept operating margins steady despite the negative effect on the group of unusually abundant December rains.

“We did see a slight decrease in margins in the final quarter of the year since excessive rain in Gauteng slowed down projects before and after our year-end break.

“However, a stricter focus on operational efficiencies and aggressive investment in plant helped keep margins on a par with last year,” Krone said.

Esor invested R147,5m in new equipment during the year.

Krone said the current year would be an acquisitive one, but the group would look only at companies that made good business sense and in the geotechnical engineering sector.

 

Thursday, 28 February 2008 02:00

Metro sure of stadium approval

The Nelson Mandela Bay municipality is confident that the 2010 World Cup multipurpose stadium will get the thumbs-up at next week‘s 2010 local organising committee meeting in Johannesburg

Thursday, 15 November 2007 02:00

Workers give Bay stadium a red card

The Nelson Mandela Bay municipality has placed the North End coastal development project at the top of its priority ratings as recent research has shown that the area‘s coastline is worth a minimum of R5,25-billion a year.

Construction IndustryThis estimation is according to economic impact studies on the coastline if fully developed.

One was conducted this year by SRK Engineers and another in 2005 by Garnett-Adams Management Consulting. The study takes into account the value of the land and the proposed developments.

The project entails the reclamation of land from the sea by dredging, which would then be made available for development. The area is about 200m wide and 7km long to the north of the harbour next to North End and Deal Party.

The municipality wants the coastline developed as it will dovetail with the 2010 World Cup stadium precinct, providing the opportunity to make the North End area a vibrant precinct.

It will also link with the Red Location Museum precinct, the inner city development, Port of Ngqura and other developments in the area.

“The municipality identified the North End coastal development project as a major strategic programme which would serve as a catalyst to maximise the economic and social potential of the area,” municipal spokesman Roland Williams said.

“This in turn would contribute to the regeneration and urban renewal of the inner city and the degraded North End coastline.”

The implementation date has not been set as there are preliminaries to be dealt with.

Williams said that with the construction of the harbour breakwater quays in 1928, the nourishing supply of sand to this northern section of Port Elizabeth‘s coastline had been cut off. This had resulted in the buildup of sand to the south of the harbour at Kings Beach and the erosion of the North End and Deal Party section of the coastline.

“Based on a conservative analysis, the coastal zone of Nelson Mandela Bay is worth a minimum of R5,25-billion a year.” This was according to studies conducted this year by SRK Engineers and Garnett-Adams Management Consulting in 2005.

Williams said the maintenance of the Bay‘s coastal eco-systems, amenities and aesthetic assets was therefore of critical importance to the economic and social development and sustainability of the region, its stakeholders and residents.

The plan is to develop the area for leisure, entertainment, sport and retail.

The Port Elizabeth Chamber of Commerce and Industry (Percci) said it was in full support of the project.

Percci chief executive officer Odwa Mtati said yesterday the chamber supported projects which added economic value to the region.

 

Page 1 of 2

Most Popular

Should you rent or buy your business premises?

Jun 23, 2022
Malusi Mthuli_FNB
This is a question that most business owners will face at some point in their journey.…

April 2022 Hotel Accommodation Income Statistics continue to show a very weak picture compared to pre-lockdown times.

Jun 23, 2022
Hotels Monthly Income 2022
The StatsSA release of April 2022 preliminary monthly tourism statistics show the Hotel…

South Africa’s inflation exceptionalism: can it last?

Jun 23, 2022
Carmen Nel
South Africa is often seen as a high-beta play, be it regarding financial market risk…

Hyprop continues to reduce debt and reposition its portfolios in SA and EE

Jun 30, 2022
Skopje City Mall Playground
Hyprop, which manages dominant retail centres in mixed-use precincts in key economic…

Vaal Mall rolls up its sleeves for pothole repairs

Jun 30, 2022
Vaal Mall crew busy repairing the various potholes making easier access to the Centre.
Vaal Mall is showing their commitment towards their community by stepping up to repair…

Please publish modules in offcanvas position.