Monday, 09 December 2013 21:47

Construction sector set to turn corner

Business updates by construction firms show their order books have generally bulked up or remained stable.

Cell C head office mixed use development at the Waterfall Business Estate is one of the most ambitious commercial development of its kind being undertaken in South Africa at present.

South Africa’s largest investor, the Public Investment Corporation (PIC), says construction firms recently fined R1.46bn for colluding to fix tenders for soccer stadiums, roads and other major projects, should claw back bonuses from the crooked executives who fixed the projects.

Various cities across South Africa are planning to lodge civil damages claims against construction firms involved in the development of their respective 2010 FIFA World Cup stadiums.

Thursday, 16 February 2012 02:00

Group Five sees slow recovery in second half

Group Five CEO Mike Upton says although the first half of the financial year was "somewhat disappointing," he is encouraged by the uptick in the order book and expects a slow recovery in the second half of the year

Group Five says that the African story has started to stretch beyond mining for the group, while the outlook in SA remains challenging.

Construction companies hoping to cash in on government's R1-trillion infrastructure spending spree have been left sorely disappointed

Thursday, 18 August 2011 02:00

Weak economy hits Hospitality

Loan stock company Hospitality Property Fund yesterday reported a disappointing set of results for the year ended June, blaming an embattled hotel market, which is reeling from a weak economy

Thursday, 18 August 2011 02:00

Construction companies - another blow

Government has put the second phase of the SA National Roads Agency’s Gauteng Freeway Improvement Project (GFIP) on ice for now, signalling more gloom for the beleaguered construction industry

Monday, 15 August 2011 02:00

Group 5 expects earnings slump

Group Five anticipates fully diluted headline earnings per share to be between 309c and 337c per share for the year ended June, compared to 561c per share in 2010, when the group publishes its results on Monday

Page 2 of 9

Most Popular

Should you rent or buy your business premises?

Jun 23, 2022
Malusi Mthuli_FNB
This is a question that most business owners will face at some point in their journey.…

April 2022 Hotel Accommodation Income Statistics continue to show a very weak picture compared to pre-lockdown times.

Jun 23, 2022
Hotels Monthly Income 2022
The StatsSA release of April 2022 preliminary monthly tourism statistics show the Hotel…

South Africa’s inflation exceptionalism: can it last?

Jun 23, 2022
Carmen Nel
South Africa is often seen as a high-beta play, be it regarding financial market risk…

Hyprop continues to reduce debt and reposition its portfolios in SA and EE

Jun 30, 2022
Skopje City Mall Playground
Hyprop, which manages dominant retail centres in mixed-use precincts in key economic…

Vaal Mall rolls up its sleeves for pothole repairs

Jun 30, 2022
Vaal Mall crew busy repairing the various potholes making easier access to the Centre.
Vaal Mall is showing their commitment towards their community by stepping up to repair…

Please publish modules in offcanvas position.