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.

First National Bank, celebrated the ground breaking of a new office development, valued at R430 million in Umhlanga, Kwazulu Natal. 

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.

Sunday, 16 June 2013 20:52

Sales at Palm Royale top R106m

Palm Royale, the third and by far the most luxurious high rise block of apartments at the Oasis Luxury Retirement Resort at Century City, has seen a burst of activity in recent weeks with sales to date now topping R106million.

When West Hills Mall opens in Ghana’s capital Accra, it will become the largest single-phase modern shopping centre in the city. 

Sunday, 17 February 2013 14:40

Another hard year for construction industry

Despite predictions that 2013 will restore some of the local construction sector’s profitability, the situation is as precarious as ever.

Leading property investment and development company Atterbury has broken ground for an exceptional new R1,3 billion mixed-use retail and business development in the Johannesburg CBD.

Drawing on its expertise and experience as the market leader in the commercial property finance industry, Nedbank Corporate Property Finance Cape has tailored a custom-made finance deal for Ingenuity Property Investments Limited

Thursday, 13 October 2011 02:00

Steel award for new Sandton City rooflight

Joint venture contractors Aveng, Grinaker-LTA and WBHO recently took top honours in the annual Steel Awards hosted by the Southern African Institute of Steel Construction

Tuesday, 06 September 2011 02:00

WBHO earnings lower, but order book strong

Civil engineering and construction contractors Wilson Bayly Holmes-Ovcon has reported lower earnings for the year ended June, but has an impressive order book for the current year

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