Construction, Energy and Infrastructure (1449)
The ANCYL proposes amending the property clause of the Constitution to empower the state to expropriate private property, particularly land and mines, without compensation.
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Basil Read says that it has entered into a heads of agreement with Beacon Hill Resources for development of the Minas Moatize Coal Mine in Mozambique.
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Sarcea says that a shortage of reinforcing steel is further slowing recovery in the building and construction sector.
Were it not for a BEE transaction, Cashbuild’s operating profit for thesix months to December 2010 would have risen a rather dramatic 43%, to R167m.
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The Competition Tribunal has confirmed the settlement agreement between the Competition Commission and Aveng after one of its subsidiaries was found guilty of cartel activity.
Governments all over the world have turned to infrastructure projects over the past few years as an immediate means of creating employment and boosting economies out of recession
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Sanyati Holdings says that it is beginning to see benefits for its diversification strategy as the group entered into final negotiations in Uganda for a R720m roads project.
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The new CE designate of Murray & Roberts, Henry Laas, says he has no immediate solutions for the group's financial woes, he hinted that the group would target the mining…
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Although the tender for the Open Road Tolling system project was awarded to a foreign company, more than 90% of staff on the project will be South African.
Construction group Basil Read Holdings has reported a 16% rise in revenue to R5.4bn for the year ended December 2010.
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African Brick Centre says the sale of its Honeydew property was under re-negotiation after the buyer said it could not raise the full purchase price.
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Gauteng motorists are to pay more toll fees, with provincial government adding more roads.
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Construction group Murray & Roberts' CEO, Brian Bruce, has referred to collusion in SA as endemic.
Infrastructure development company Aveng has pointed to a continued 'tough operating environment' in the local construction sector.
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Transnet will invest R20.5bn over the next five years to improve capacity and maintain Durban and Richard's Bay harbours.
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Prasa will embark on a 'market engagement' process aimed at potential train manufacturers in South Africa, Transport Minister Sibusiso Ndebele.
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The Gautrain's second phase was 'substantially complete' and should be ready for commercial use in June.
The transport dept's decision to temporarily suspend the implementation of electronic toll-road fees in Gauteng was made to avoid 'choking' the economy.
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'The twins are going, and theirs will be a tough act to follow,' M&R chairman Roy Andersen says of the retirement of CEO Brian Bruce and financial director Roger Rees.
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Murray & Roberts shares continued to sink as investors took a rather dim view of its current arbitration proceedings, poor interim results.
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