Cell C head office mixed use development at the Waterfall Business Estate is one of the most ambitious commercial development of its kind being undertaken in South Africa at present.

South Africa’s largest investor, the Public Investment Corporation (PIC), says construction firms recently fined R1.46bn for colluding to fix tenders for soccer stadiums, roads and other major projects, should claw back bonuses from the crooked executives who fixed the projects.

Various cities across South Africa are planning to lodge civil damages claims against construction firms involved in the development of their respective 2010 FIFA World Cup stadiums.

Thursday, 16 February 2012 02:00

Group Five sees slow recovery in second half

Group Five CEO Mike Upton says although the first half of the financial year was "somewhat disappointing," he is encouraged by the uptick in the order book and expects a slow recovery in the second half of the year

Group Five says that the African story has started to stretch beyond mining for the group, while the outlook in SA remains challenging.

Construction companies hoping to cash in on government's R1-trillion infrastructure spending spree have been left sorely disappointed

Thursday, 18 August 2011 02:00

Weak economy hits Hospitality

Loan stock company Hospitality Property Fund yesterday reported a disappointing set of results for the year ended June, blaming an embattled hotel market, which is reeling from a weak economy

Thursday, 18 August 2011 02:00

Construction companies - another blow

Government has put the second phase of the SA National Roads Agency’s Gauteng Freeway Improvement Project (GFIP) on ice for now, signalling more gloom for the beleaguered construction industry

Monday, 15 August 2011 02:00

Group 5 expects earnings slump

Group Five anticipates fully diluted headline earnings per share to be between 309c and 337c per share for the year ended June, compared to 561c per share in 2010, when the group publishes its results on Monday

Thursday, 07 July 2011 02:00

Construction slowdown hits Group Five

Construction group Group Five revealed on Tuesday that fully diluted headline earnings per share for the full year ended 30 June 2011 are expected to be between 45% and 55% lower (253c per share to 309c per share) compared to the 561c per share in F2010

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