Wednesday, 13 June 2001 03:01

Condoms& steel for Coega

A German company is planning to invest in a condom factory in Coega, as part of the R43bn arms offset deal.

Decision not to proceed with project could seriously hamper development.

Tuesday, 12 November 2002 10:01

Coega starts to take shape.

The Coega Development Corporation has appointed almost 100 contractors to work on various infrastructure projects within the Coega Industrial Development Zone with 1 500 people employed on various construction sites in the zone.

Friday, 01 November 2002 10:01

Pechiney expected to sign up this month.

Port Elizabeth - The Coega Development Corporation (CDC) is expected to sign an agreement with Pechiney, the French resources giant, before the end of November.

Friday, 11 October 2002 02:00

House building sector buoyant.

Building activity in the residential sector had remained buoyant, but the nonresidential sector was struggling.

Thursday, 12 September 2002 02:00

The lure of a record low

 Overcapacity in the building industry and a weak rand have pushed SA building costs to historic lows against other countries.

Construction IndustryThe highest contract price of an air-conditioned office building in SA is now only US310/m² - 13% of the 2 350 cost in the US - according to a survey by international consultants E C Harris. It is only 42% of the $730 top cost in Slovakia, the next lowest on a list of 35 countries . Japan is the highest at $2 630/m².

'The price differential is at the point where it means multinationals will now open in SA because the setup cost is so low,' says Harris's head of cost research, Paul Moore. 'The low costs are reinforced by low labour costs, an important component of building.'

But it could also mean higher building-cost inflation: building costs rose 20,4% annualised last quarter.

Moore says there are also signs that SA contractors are using their price advantage to build up business elsewhere in Africa. 'With no funds for tourism or infrastructure, they are looking for outside opportunities, especially in the north,' he says.

Harris forecasts military construction will rise 17% this year as private property development slows down.

 

The civil engineering industry is reaping the rewards of increased spending on infrastructure

Thursday, 25 April 2002 10:01

Many dangers in focus on price

The emphasis on price in the procurement of professional engineering services could compromise quality

Thursday, 27 September 2001 03:01

R3bn bill for Coega

The taxpayer could face a R3-billion bill for the construction of the controversial Coega deepwater port and industrial zone, Parliament was told yesterday.

Friday, 23 February 2001 03:01

Coega timeframes

These are the milestones in the development of the Coega Industrial Development Zone and adjacent deep-water port: 1. Monday, February 19, 2001: Start of site preparation and construction of the temporary haul road from a quarry at Coega Kop six kilometres inland to the site of the port.

Page 78 of 79

Most Popular

Sectional Title Trustees and Homeowners Association directors face COVID-19 liability

May 22, 2020
Marina_Constas_BM_Law
The Covid-19 pandemic and South Africa’s lockdown regulations are impacting all aspects…

Wide-spread implications for South Africa’s real estate market following COVID-19

May 05, 2020
JLL_Logo
JLL, one of the world’s leading real estate investment and advisory firms, today released…

Deeds office reopen their doors to the public

May 09, 2020
Carlize Knoesen
The Department Agriculture, Land Reform and Rural Development has announced the reopening…

SA REIT appoints Joanne Solomon as its first CEO

May 05, 2020
Joanne Solomon new CEO SA REIT Association
With her wealth of financial and property sector experience, Joanne Solomon has been…

2020 Commercial Property Outlook –Why Property Price/Valuations Indices don’t tell the full story of market weakness during a deep recession

May 09, 2020
John LoosFNB
In a downturn, Property Market Values can deviate dramatically from the market…

Please publish modules in offcanvas position.