Construction, Energy and Infrastructure (1449)
Sanral CEO lambasted over news that a mainly foreign-owned consortium has a R4bn contract to collect tolls on the new Gauteng Freeway Improvement Project.
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Construction group Brikor announced that its fully diluted headline loss per share for the six months ended August 2010 was 1.7c against 0.1c diluted earnings.
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The fee structure for the Gauteng freeway network will include discounts for off-peak travel, e-tag users, frequent users and qualifying public transport operators.
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Recent disruptions to the supply of bitumen may encourage road builders to try an alternative technology developed by the Council for Scientific & Industrial Research.
Eskom defended itself against claims by Murray & Roberts of late payment for work done at the Medupi and Kusile power stations.
Public Enterprises Minister Malusi Gigaba announced the panel of experts to investigate the substantial increases in costs and schedule delays of Transnet’s new multiproduct pipeline.
The government’s poor investment in infrastructure is hurting the construction sector, and analysts warn that further delays in spending will frustrate job creation across the economy.
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Shares in Murray & Roberts plummeted by more than 11.75%, or R4.66- R34.99 on the JSE after the group statement that it expects a marked decline in half year earnings.
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It has been a case of feast to famine for South Africa’s construction industry since the World Cup boom.
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Despite fears that Soccer World Cup facilities would be come white elephants, Durban’s Moses Mabhida Stadium is raking in millions.
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Fitch Ratings has affirmed South African Aveng Limited's National Long-term rating at 'A(zaf)'.
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The 2010 FIFA World Cup left behind a landmark transport legacy for South Africa, but the country's long-standing troubles such as chronic potholes remain too.
Transnet has revised the cost of its new multi-product pipeline to R23.4bn, the parastatal said.
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Independent power producers are lobbying the government to allow them to build the country’s next coal-fired power station after Kusile.
SA brick manufacturer Corobrik believes that current low levels of activity in the market will continue for the first half of 2011.
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Protech Khuthele has reported basic headline earnings per share of 5.9c for the 6 months ended August 2010 from 13.0c for the corresponding period a year ago.
Aveng Group says that it has won a mining management contract with Kenmare in Mozambique worth $$200m.
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Diversified mining and construction materials supplier Buildmax suffered a heavy loss for the 6 months to August due to a hangover from the global economic crisis.
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Construction group Murray & Roberts said it expected continuing diluted headline earnings per share to remain within 5%.
South African construction companies involved in building and renovating 10 stadiums for the 2010 Fifa World Cup are set to score again.
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