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PROPERTY
DEVELOPMENT, ENGINEERING AND CONSTRUCTION
Budget
eases concern about rise in defaults
The national budget detailed by Finance Minister Trevor Manuel last
week has eased concerns about an increase in the rate of defaults
on residential stock...
(©www.bday.co.za)
Manual
masterfully balances a sincere growth budget...
The national budget released by Minister of Finance, Trevor Manuel,
was probably the most encouraging ever, as beneficiaries across
the country reaps the benefits of a decade's prudent fiscal and
monetary policies. The budget was masterly balanced between economic
growth, job creation and poverty relief. Economic reform requires
years of dedication and persistence and a firm believe in the potential
vested amongst its people, organisations and government.
To read how the budget will impact on construction
visit http://www.asaqs.co.za
(©www.industryinsight.co.za)
SA
steel firm to raise flat-steel prices
South African steel producer Iscor said it would raise the price
of its flat-steel products by 9,8% from May as international steel
prices looked poised to recover from 30-year lows.
(©www.engineeringnews.co.za)
Investment
lifts WBHO's turnover
Wilson Bayly Holmes-Ovcon (WBHO) saw a 46,3% jump in turnover to
R10,76bn and a 36,8% rise in operating income to R43,78m in interim
results for the six months to December.
(©www.bday.co.za)
M&R
restructuring reaps 10% turnover rise to R4.4bn
Johannesburg - Murray & Roberts (M&R), the engineering and
contracting group, beat market expectations to post a 10 percent
increase in turnover to R4.4 billion and a 65 percent increase in
operating profit to R129 million for the six months to December.
(©www.busrep.co.za)
Lyons
sees increase in assets it manages
Property asset management group Lyons Financial Solutions Holdings
has boosted assets under its management more than 50% to R4,5bn.
(©www.bday.co.za)
Melrose
Arch launches R1bn first development phase
Multibillion-rand mixed-use development Melrose Arch officially
launched its first phase last week. The first phase of the development,
north of Johannesburg, has 44000m² of offices, 8000m²
of retail space and flats.
(©www.bday.co.za)
Paramount
aims to buck property trend
Prpperty loan stock company Paramount Properties has budgeted for
an 8% improvement in distributions to 86,4c a linked unit for the
current financial year, going against general expectations of flat
distributions in the listed property sector.
(©www.bday.co.za)
Police
raid offices to probe fraud allegations
The police's commercial crime unit raided offices of the North West
tender board in Mafikeng yesterday as part of investigations into
allegations of fraud in the awarding of tenders for the construction
of public buildings.
(©www.bday.co.za)
Property
valuation policy is vague and contentious
Ratepayers may feel somewhat nonplussed by Cape Town's tentative
"informal" valuation roll. Rates are about relative rather
than absolute values. This makes evaluation more complex.
(©www.bday.co.za)
Joint
venture to develop Tyger Valley site
A joint venture between property developing company Charles Potgieter
Investments and Cape of Good Hope Bank is to develop a 1,2ha site
in Tyger Valley as a R130m office campus called Tyger Chambers.
(©www.bday.co.za)
Informal
settlement builds its own shopping centre
The initiative taken by local business people in the informal settlement
of Nomzamo in Somerset West has led to the creation of a R1,7m shopping
complex that was funded by the city of Cape Town.
(©www.bday.co.za)
Plan
aims to make Jo'burg the Dubai of southern Africa
Gauteng is to devise ways of luring more shoppers and tourists from
the continent to Johannesburg, finance MEC Jabu Moleketi said yesterday.
Tabling the province's 2002/03 budget in the legislature, Moleketi
said Johannesburg, Sandton and Eastgate business raked in about
R10bn from retail tourist last year alone.
(©www.bday.co.za)
Groups
to build bottling plants in Western Cape
Packaging company Bowler Metcalf is to join Quality Beverages 2000
in a joint venture to build two bottling plants in the Western Cape
(©www.bday.co.za)
Construction
bullish on latest gov vows
There is an air of optimism in the South African
consulting engineering and construction sectors following President
Thabo Mbeki's State-of-the-Nation speech and Finance Minister Trevor
Manuel's Budget address.
(©www.engineeringnews.co.za)
Survey
finds people feel goverment is responsible for creating jobs
Johannesburg - A new labour survey released on Tuesday found that
a large majority of South Africa's labour force believed it was
the government's responsibility to create jobs.
(©www.busrep.co.za)
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NEWS AND LAND ISSUES |
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New
land projects launched
More provinces are rolling out Land and Agriculture Minister
Thoko Didiza's latest land redistribution programme against
a backdrop of criticism that too little money was budgeted
to meet government's targets on land reform.
(©www.bday.co.za)
NEWS
FROM AFRICA
Tanzanian
women play increasing role in mining
Mining may be a demanding physical activity that has historically
been a male activity, but a recent World Bank study shows
otherwise. The study shows that women in Tanzania are increasingly
participating in mining activities.
(©www.miningweekly.co.za)
Angola
must pin hopes on oil wealth
London - The death of Angolan rebel leader Jonas Savimbi could
help bring forward the day when the country's impoverished
population starts to see some of Angola's massive oil wealth,
human rights groups said yesterday.
(©www.busrep.co.za)
Ghana's
gold company works down hedge
Ghanaian miner, Ashanti Goldfields, the African gold producer
nearly ruined by overselling before gold rallied in 1999,
is working down its hedge book and can stay profitable in
gold’s current rally up to around $340 an ounce, the
company said.
(©www.miningweekly.co.za)
MINING
NEWS
SA
resources firm prepares for more projects
In spite of a seriously stretched balance sheet, South African
resources company Anglovaal Mining (Avmin) is set to continue
its strategy of developing modern, mechanised mines with plans
for two new projects progressing well.
(©www.miningweekly.co.za)
JV
covers 'entire mining value chain'
The signing of a memorandum of understanding (MoU) between
Miningtek and Hatch Africa, through which the organisations
cooperate in joint integrated projects in Africa, has been
so successful that the two organisations are now pursuing
projects on other continents.
(©www.miningweekly.co.za)
Anaconda's
troubles cause gitters
Shares in troubled Australian miner Anaconda Nickel plunged
35% to a five month low today as investors fretted about the
outback miner’s renewed talks with its financial backers.
(©www.miningweekly.co.za)
Anglo
asks for concessions to keep KCM going
Mining giant Anglo American has approached the Zambian government
for concessional funding to keep the Konkola Copper Mines
(KCM) operational.
(©www.miningweekly.co.za)
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The Annual General Meeting for
the Gauteng Chapter will take place on 5 March 2002
at the BIFSA Conference Centre in Midrand. It will be
a breakfast session starting at 7:00 when a full breakfast
will be served at a cost of R70.00. Our reining president
Mr. Mark Grant on the topic of ASAQS: Commercial
opportunities – what the market says? will
address us: Your participation and early registration
will be appreciated.
Click here
to e-mail your booking
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| SAISC
seminar: "A new method of measurement
and new specifications for structural steelwork". |
| A seminar
on the new method of measurement and specifications for
structural steelwork, drafted to replace SABS 1200 H.
A seminar aimed at engineers, steelwork
quantity surveyors and other disciplines. Benefits:
Clear and precise bills of quantities
and specifications
In line with actual practice in industry
Better understanding will lead to cost savings
Practical stuff!
Note :
The information provided constitutes Continuing Professional
Development for members of the built environment professions.
Members of ASAQS will receive a certificate at the end
of the seminar qualifying them for 8 CPD points.
Dates: 18 April 2002 - Johannesburg
22 April 2002 - Cape Town
23 April 2002 - Durban
Fee: R500 per delegate
Closing date:10 April 2002
For more information please contact:
Leslie at SAISC
Tel: +27-11 838 1665
Fax: +27-11 834 4301
info@saisc.co.za
Web: www.saisc.co.za
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| Download
the Registration form from the ASAQS
website at http://www.asaqs.co.za |
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New
gold No 1 following deal
Gold mining giant Newmont Mining has acquired a relevant interest
in more than 92% of the shares of Normandy Mining
(©www.miningweekly.co.za)
Mining
firms monitoring Angola, DRC
Windows of opportunity may be opening up in the mineral-rich
African countries of Angola and the Democratic Republic of
Congo (DRC) following the death of rebel leader Jonas Savimbi
in Angola at the weekend and with Inter-Congolese talks set
to begin in Sun City this week.
(©www.miningweekly.co.za)
Gold
firm's PGM search intensifies
South Africa’s second-biggest gold-miner is continuing
its quest to become a platinum supplier although recession
has weakened demand for the metal from industry, the company
said.
(©www.miningweekly.co.za)
Zambia
mulls ways of escaping its copper trap
A special Zambian government task force has recommended isolating
the Konkola Deep Mining Project (KDMP) from Anglo American’s
other Zambian assets before a decision on their future can
be made, President Levy Mwanawasa said.
(©www.miningweekly.co.za)
Diversity
delivers for resources giant
Multinational mining and metals group BHP Billiton is benefitting
from its diversified operations, as declining prices for some
commodities are balanced by rising prices for others.
(©www.miningweekly.co.za)
SA
gold group hits the mark with terrific Target
Avgold's new, fully mechanised, R2,3-billion Target gold mine
has achieved full production of 100 000 t/month of ore, ahead
of schedule and under budget – this is the story of Target's
development.
(©www.miningweekly.co.za)
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ASSOCIATION OF ARBITRATORS
A lecture entitled "FORENSIC EVIDENCE IN LAW" to
be held on Wednesday, 6 March 2002 at 17h30 for 18h00 until
approximately 19h30 in the Pavilion at the Inanda Club, Sandton.
Speaker : Dr David Klatzow.
Cost will be R65-00 per member and R80-00 per non-member.
Cash bar available.
Book by faxing your details to 011-8849167
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