ARTICLES RELATING TO CONSTRUCTION

Patel: Rigged projects worth over R50bn

2013-05-07 22:03

The total value of construction projects being probed for collusion and price-fixing is higher than expected, says Economic Development Minister Ebrahim Patel.

Construction cartels to learn their fate

2013-04-23 16:08

Construction cartels could learn their fate on collusion allegations as early as June, the Construction Industry Development Board says.

Construction sector 'needs accountability'

2013-04-12 10:19

Construction bosses must be held accountable if their firms are found guilty of bid-rigging, corruption, price fixing and collusion, according to a report.

Group Five jumps on solid first-half

2013-02-13 11:18

Shares of construction company Group Five jumped more than 5% after the company said its first-half headline earnings climbed 63% and its order book swelled.

Aveng anticipates price-fixing fine

2013-02-07 09:19

Building group Aveng expects to pay a penalty for anti-competitive behaviour once a probe into fraud in state and other contracts worth R30bn is wrapped up.

Cape Town stadium construction probed

2013-02-04 08:38

The Hawks are probing allegations that the City of Cape Town was overcharged for Cape Town stadium through collusion by construction companies, a report says.

Aveng feels building slump

2012-11-08 13:15

Construction group Aveng says its orders have fallen 9% since the end of June, reflecting the downturn that has hammered the construction industry.

Murray & Roberts grows order book

2012-10-31 13:47

Construction firm Murray & Roberts says its order book grew to R48bn as at September this year from the R45.3bn recorded at the end of its 2012 financial year.

WBHO lifts dividend, order book

2012-09-03 12:04

Shares in Wilson Bayly Holmes Ovcon gained as the construction group lifted its annual dividend payout by 6% and 12-month order book by nearly 30%.

UK economy misses out on Olympic gold

2012-08-12 16:01

Analysts say while Britain's construction sector benefited hugely before the Olympics, the sporting spectacle had not delivered significant financial rewards.

Sexwale slams 'chancers' in construction

2012-08-02 10:49

The government is exploring measures to stop construction of sub-standard houses by private sector contractors, says Human Settlements Minister Tokyo Sexwale.

Building bigwigs in bid-rigging probe

2012-07-06 10:22

If found guilty of collusion and bid-rigging, SA's big five construction companies could be banned for up to 10 years from public sector work, a report says.

Sexwale moots state construction firm

2012-05-10 08:41

The department of human settlements is considering establishing a state-owned construction company, Minister Tokyo Sexwale says.

Alert Steel plans rights offer

2012-03-27 16:20

Steel retailer Alert Steel says it plans to raise R120m through a rights offer.

PPC deal gets green light

2012-03-19 16:40

Pretoria Portland Cement says that the Competition Commission has approved its acquisition of Pronto Holdings.

KZN growth helped by construction, transport

2012-03-09 07:00

The expansion of Durban harbour boosted the construction sector while vehicle sales remained strong.

Free State property market picks up

2012-03-09 07:00

The Free State is showing slower growth than a few months ago, although the property market is recovering.

Chapman's Peak toll dispute ends

2012-02-17 10:08

Construction will resume on the Chapman's Peak Drive toll plaza site, but officials have agreed to investigate alternative tolling systems, says a report.

Afrimat surges on Clinker buy

2011-12-12 14:56

Afrimat shares rose more than 7% after it said it has acquired concrete maker Clinker Group.

Esorfranki pares back losses

2011-10-25 08:17

Engineering and construction group Esorfranki has posted a headline loss per share of 3.9c for the six months ended August 2011 from 4.1c a year ago.

Big players ditch PPPs

2011-09-18 13:14

Government indecision and political interference has caused the construction industry to lose its appetite for public-private partnerships.

WBHO hit by earnings dive

2011-09-05 14:43

Construction firm WBHO says diluted headline earnings per share for the year were down 20.1%.

M&R sinks into full-year loss

2011-08-31 16:50

Construction firm Murray & Roberts has posted a loss for the year as it made provision for contract completion costs and possible regulatory penalties.

 

New mall planned for Joburg CBD

2013-05-06 09:26

The big hole being dug in Newtown is the start of a R1.2bn retail and office development incorporating some of Johannesburg's most historic buildings.

Construction gains momentum

2013-04-19 10:53

A recovery in the construction sector gained momentum in the first quarter of 2013, according to First National Bank and the Bureau for Economic Research.

Gigaba gets tough on Medupi

2013-04-11 19:10

Heads will roll if construction of the Medupi power plant in Limpopo is not completed on time, warns Public Enterprises Minister Malusi Gigaba.

Zuma: State acting on construction fraud

2013-02-15 13:59

The government is cracking down on corrupt activities by construction companies, President Jacob Zuma said in his state of the nation address.

Infrastructure projects hit roadblocks

2013-02-12 11:10

Ambitious plans to upgrade roads, ports and railways to the tune of $95bn by 2015 are getting bogged down by incompetence and corruption.

Construction needs clean ethics, says CEO

2013-02-06 19:19

In the wake of tender-rigging claims, Aveng CEO Roger Jardine says the building sector needs integrity if it is to thrive and create jobs.

Group Five eyes upbeat earnings

2013-01-28 09:12

Construction group Group Five says it expects diluted headline earnings per share for the six months ended December 2012 to be 10-20% higher.

Protech earnings inch lower

2012-11-05 07:58

Civil engineering and construction group Protech Khuthelehas reported a 2.6% decline in headline earnings for the six months ended August 2012.

Aveng profit hit by industry slump

2012-09-05 07:58

SA's biggest construction group Aveng has reported a 58% decline in full-year earnings, reflecting an industry-wide slump at home and write-downs on contracts.

Group Five feels the pinch

2012-08-14 11:39

Construction and engineering firm Group Five has hit a slump, due to contracts lost in the Middle East, but expects earnings to recover within a year, says CEO Mike Upton.

Govt incompetence 'sank' Sanyati

2012-07-18 11:16

Construction company Sanyati Holdings has to be liquidated due to corruption and incompetence in provincial and municipal government, says a report.

Union backs state construction firm

2012-05-13 12:58

The National Education, Health and Allied Workers' Union says it supports the establishment of a state-owned construction company.

Shabangu bemoans media reports

2012-03-21 12:43

Property mogul Roux Shabangu says he is disappointed at "untrue" media reports that he has been fired from the construction of a R20m police station in Mpumalanga.

Aveng suffers first-half profit slide

2012-03-14 10:26

Aveng has reported a 31% slump in first-half profit on the back of problems in Australia and a general slowdown in SA construction.

Tourism may aid E Cape economy

2012-03-09 07:00

The Eastern Cape needs to market its tourist attractions more effectively to boost its economy, says the compiler of the Sake24/BoE Private Clients' Barometer.

WBHO first-half earnings down

2012-02-20 11:57

Construction firm Wilson Bayly Holmes-Ovcon says headline earnings per share declined by 19.5% to 633c per share.

Caterpillar profit higher than expected

2012-01-26 16:09

Equipment maker Caterpillar has reported a 58% rise in quarterly earnings on the back of greater demand for its machinery.

State to review PPPs

2011-10-27 11:29

Public-private partnerships across the government are to be reviewed, says cabinet spokesperson Jimmy Manyi.

Road builders in a fix

2011-10-16 14:17

South Africa's roadbuilding industry almost came to a halt last week because absolutely no bitumen was to be found anywhere.

Accentuate reports earnings loss

2011-09-23 14:42

Construction supplies group Accentuate has posted a diluted headline loss per share of 3.72 cents in the year ended June, from headline earnings of 11.95 cents per share.

G5 consortium wins R10bn toll roads bid

2011-09-12 12:24

Construction firm Group Five says Protea Parkways Consortium is the preferred bidder for the Western Cape’s lucrative Winelands toll road project.

Aveng falls on SA, overseas challenges

2011-09-05 09:32

Construction group Aveng has reported a 35% drop in diluted earnings per share, thanks to tough trading conditions in SA and project troubles in Australia.

M&R braces for antitrust penalties

2011-08-19 14:31

Embattled construction group Murray & Roberts says it is making provision for possible penalties from the Competition Commission.

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