Tuesday, 17 April 2007 02:00

Coega industry zone lines up investors

Coega Development Corporation signed an agreement to acquire 7000ha of land from PPC

Monday, 04 September 2006 02:00

Scribante changes stance on tender

Construction company has agreed that the Coega Development Corporation can readjudicate the R91m contract it lost in the Coega Industrial Development Zone

Thursday, 14 July 2005 02:00

IDC upbeat on Alcan smelter at Coega

 

CANADIAN aluminium and packaging group Alcan will make its decision on whether to go ahead with building a $2,5bn smelter at the Coega industrial development zone in Eastern Cape in October, said Industrial Development Corporation (IDC) CEO Geoffrey Qhena yesterday.

MANAGEMENT of the Coega industrial development zone near Port Elizabeth says it expects three to four of the 70 projects it has attracted to come to fruition "very soon".

Tuesday, 10 May 2005 02:00

Attract investors to Coega, says mayor

AN EASTERN Cape politician has expressed grave concern at the failure of Coega industrial development zone to attract any investments to date.

Thursday, 09 December 2004 02:00

Coega moves to take land

CDC moves to get land it failed to acquire on a willing-buyer, willing-seller basis.

Wednesday, 22 September 2004 02:00

Coega a 'victim of global investment lull'

Management blames declining foreign direct investment in Africa for its failure to take off as initially projected

Thursday, 14 August 2003 02:00

Lack of skills hits building sector.

WHILE construction companies have hit hard times mainly because of the rand's strength this year, there is growing concern that the industry will not be able to meet demand in a few years. 

Construction Industry"The industry will need to double its capacity in about 10 years if government meets its 5% to 6% gross domestic product growth target," says the Construction Industry Development Board's CEO, Spencer Hodgson. 

The board is a statutory body aimed at enhancing the sector.

Economic growth at these levels would require construction growing significantly faster than 5% or 6% a year, says Hodgson.

The problem is that the construction industry is not retaining or attracting skills, he says. 

The board's deputy chairman Pepi Silinga has said there was "an urgent need to address the distressing capacity deficit" in the industry.

The small and shrinking portion of matriculants that have mathematics and science as subjects are opting for "lifestyle" careers, and no longer the construction sector, Hodgson says.

Henk Langenhoven, head of the South African Federation of Civil Engineering Contractors, agreed that the decline in SA's output of construction skills was worrying.

However, Langenhoven said that concern over industry's ability to cope with growth was invalid. He could not foresee economic growth of 5% to 6% materialising.

"This is because we need more gross fixed capital investment before we can reach these economic growth levels," said Langenhoven. "And the public sector does not have the capacity to spend this kind of money," he said.

He suggested the concern should rather be greater about government's inability to deliver.

He said several companies in the sector were, in fact, now considering cutting skilled jobs such as engineers, because the industry was in a poor state.

The strong rand, which had taken the steam out of mining projects, together with lack of government spending were the main culprits, said Langenhoven.

"There is virtually nothing coming out of the government departments at the moment," he said.

Langenhoven said there was a massive lag between the announcement of the budget in February and actual spending, which was not yet taking place.

The proposed Skuifraam dam in the water-short Western Cape illustrated government's inability to deliver projects, said Langenhoven. "This project has been on the cards for eight to nine years," he said.

Meanwhile, government's concern over the ability of the construction industry as the creators of infrastructure to cope with future demand, has prompted it to investigate several initiatives.

A construction industry week has been mooted by the public works department to raise the profile of the sector and awareness around it.

The concern over capacity is also one of the issues on a draft agenda for a construction sector summit expected to take place early next year.

Black empowerment and possibly an empowerment charter for the sector will be discussed.       

 

Tuesday, 08 July 2003 02:00

Bid for Pechiney puts Coega at risk.

Johannesburg-The e3.39 billion (R28.6 billion) hostile bid for Pechiney, the world's fourth-biggest aluminium maker, by Alcan, the global number two player, could have serious implications for Coega, the flagship industrial development zone 20km northeast of Port Elizabeth.

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.

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