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Murray & Roberts shifts focus, quits the lucrative Construction sector

Construction giant Murray & Roberts (JSE: MUR), which helped building South Africa's 2010 FIFA World Cup stadium projects, is exiting infrastructure and building business markets. ... Full story

Renewed confidence in Building Sector Q3

South Africa's building sector which has remained in the doldrums for the past few years, has received a shot in the arm in third-quarter 2016 with renewed confidence boosting market activity.

Group Five’s revenue dips‚ but aftertax profit up 63%

Group Five reports a 63% leap in aftertax profit on slightly lower revenue for the year to end-June.

Group Five soars on Europe operations

Group Five more than doubles core operating profit in the year to June on what it says is an 'exceptional result from its investments and concessions cluster in eastern Europe.

US home construction picks up in July

New US home construction picks up in July to the fastest pace in just over a year, supporting hopes for a rebound in overall economic growth in Q3.

WBHO FY HEPS at continuing operations to rise 20%-30%

Construction group Wilson Bayly Holmes-Ovcon expects full-year HEPS from continuing operations to rise 20%-30%‚ says group.

Critical flaws in bridge

Guidelines for the construction of a temporary bridge at Grayston Road in Sandton over the M1 are not implemented.

Small residential funds take a back seat

Listed-sector interest in residential real estate grows, but only a few funds have managed to build sizable portfolios.

Rare Holdings buyout offer seemingly cheap

There has been no outrage in the market at a proposed buyout of pipeline specialist Rare Holdings by a company associated with one of SA's richest businessmen.

West China Cement shares plunge following deal collapse

Shares in struggling West China Cement plunge as much as 34% after a much-needed merger deal with the country's largest cement maker collapses.

Building material companies thriving despite the odds

While other building material and industrial mineral companies have struggled to live up the hype, Afrimat and Corobrik on the other hand have been thriving despite a weak economy.

SA skills shortages leading to hindered growth, survey reveals

General builder confidence declines from 46% to 44% in the first quarter of 2016, which is the result of a slowdown in building activity and increasing pressure on profitability.

Stefanutti Stocks records decline in revenue

Construction major Stefanutti Stocks sees slide revenue and total profit fall in the turbulent African and Middle Eastern construction and engineering markets.

Building watchdog on shaky ground

A presidential proclamation allowing the Special Investigating Unit to investigate a construction industry watchdog could open a can of worms.

Emira boosts portfolio with Menlyn office development acquisition

Diversified property group Emira Property Fund consolidates its position in Pretoria’s Menlyn area, spending R403m on a 50% share in five buildings in Summit Place.

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