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Construction development group Raubex responds to Transformation calls

Raubex (JSE: RBX), South Africa’s infrastructure development, and construction materials group has responded to transformation calls by appointing Felicia Msiza as its new CEO. ... Full story

New Bullet Trains planned for SA’s long-distance routes

The South African government is due to embark on an ambitious multi-billion-rand new high-speed rail system as part of its new national rail policy.

Medupi and Kusile power stations R300 billion over budget

Eskom’s Medupi and Kusile power station projects are at least R300 billion over budget.

Eskom warns of an elevated risk of Blackouts over Winter

Eskom on Wednesday provided an update on the state of the power system, this after load shedding escalated to Stage 2 in the evening due to failing generating units.

Construction underway on Government's 62 infrastructure projects

Public Works and Infrastructure Minister, Patricia de Lille, says construction has begun on many of the 62 projects of the National Infrastructure Plan (NIP).

Construction Industry continues to grapple with ‘Mafias’

SA’s distressed construction sector is facing a host of issues including the so-called construction mafia – popularly known as the “business forums”.

Another twist in the ongoing saga between Aveng and The Leonardo

THE matter involving developers of The Leonardo, the R3 billion Sandton skyscraper - who booted out construction firm Aveng, takes a new twist as Aveng now seeks an adjudicator.

There’s trouble bubbling at Sandton’s skyscraper — The Leonardo

The developer of the R3 billion Sandton skyscraper, the Leonardo, has shown the troubled construction company, Aveng, the exit door after terminating its contract.

Sephaku reveals cost-cutting plan despite net profit rise

Building and construction-materials group, Sephaku Holdings, says it has embarked on a cost-reduction programme aimed at reducing head office expenses.

Colluding Construction giants reach aggreement with Government

Construction companies that colluded around the 2010 Fifa World Cup Stadium projects, have paid their first sum of R117m in terms of the settlement agreement they entered into with the National Revenue Fund.

Peter Nelson appointed new chairman of PPC

Cement maker, PPC last month named Peter Nelson to replace Bheki Sibiya as its new chairman.

BEE group acquires Murray & Roberts' infrastructure and building unit

Engineering and construction group, Murray and Roberts (M&R) sold its infrastructure and building business for R314 million to a black economic empowerment group‚ Firefly Investments.

PPC shares give up gains after headline earnings warning

PPC's share price plunges more than 14.5% to R4.87 as it warns shareholders at its annual general meeting that its interim headline earnings a share could fall as much as 85%.

Afrimat's interim earnings up 25%

Afrimat‚ which supplies industrial minerals and construction materials‚ on Thursday reported a 25.3% rise in headline earnings per share (HEPS) to 95.2c in the six months to August from the year-earlier period.

Colluding construction firms agree to pay R1.5bn to help transformation

The South African Government reached an agreement with seven listed construction groups found to have participated in collusion. The companies will contribute R1.5 billion to help black-owned partners grow.

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