Construction & infrastructure
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. ... Full story
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.
Repairs to three M1 freeway bridges will slow traffic flow
Commuters and motorists in Johannesburg will have to add more than 30 minutes to their journey times as the city begins the latest phase of its R200m programme to rehabilitate three bridges on the M1 freeway.
Group Five declares interim dividend of 42c per share
Group Five grows earnings in the first half of its financial year from the low base and buoyed by the performance of its investments and concessions cluster.
Offshore work builds up Group Five
Group Five has its eastern European investments and concessions business to thank for improved earnings in the six months to end-December last year, as SA's construction market continues to languish.
Development capital boosts African infrastructure
New report sponsored by global law firm Baker & McKenzie finds that the funding gap for African infrastructure narrows to about USD25bn a year.
Group Five sees H1 HEPS between 15% and 25% higher
Group Five expects headline earnings per share to be 15%-25% higher at between 125c and 136c for the six months to December 31 2015 from 109c per share in the year-earlier period.
Group Five downplays JSE warning
Group Five faces suspension for the late submission of results‚ explaining this involved debt instruments listed by a subsidiary and not the holding company’s shares.
Aveng warns of expected loss
Aveng's share price continue its free fall as the construction group warns that it expect to swing into a loss.
Group Five upbeat on profit as rand boosts tolling business
Weak rand goes to construction firm Group Five’s rescue with the company signalling a likely return to profit in the year ahead.
WBHO, Group Five to face Competition Tribunal
Competition Commission refers the last case arising out of its investigation of bid rigging in the construction sector to the Competition Tribunal.
Balwin Properties debuts on the JSE
Balwin Properties debuts on the JSE, as the group gears up for growth.
