Foreign demand for residential properties escalate
Richway set to revamp centres
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The value of Project Management

 


The Weekend Property and Construction Newsletter


Saturday 4 August 2001

Property and Construction related articles featured on the Internet for the past week brought to you by www.asaqs.co.za . News specific to the quantity surveying profession is reflected at the bottom of this newsletter. Click on the blue headline if you wish to read the full article on the Internet.
Construction and development news in brief
 

PROPERTY DEVELOPMENT, ENGINEERING AND CONSTRUCTION

Role of the property manager must be split into two functions
Total control of receipts and expenditure can be a problem. The property management industry should be redefined to allow it to focus either on asset management or facilities management, says Hugo Stroud, CEO of Planet Facilities Management. He says property managers should define their roles clearly, as they cannot be all things to all people.
(©www.bday.co.za)

'Oyster Box' is a pearl for buyers
UMHLANGA'S famous landmark hotel, the Oyster Box - as well as two other properties owned by the late owner - were put on the market this week.

(©www.iol.co.za)

Gauteng to cash in on conservation
Reserve designed for business tourists. Big commercial property development opportunities are in the pipeline for northeast Gauteng, thanks to the province's agriculture and land affairs department. The opportunities include hotels, lodges, entertainment facilities, and retail and residential developments in the Nokeng tsa Taemane municipal district, between Pretoria and Bronkhorstspruit.
(©www.bday.co.za)

Replica materials for Pta station rebuild
The unusual nature of the replica products required to restore the charred Pretoria station to its former glory is creating opportunities for local contractors and artisans in the field of carpentry, tiling, roof construction, and painting, reports Stocks Building Africa MD: Gauteng Johan Brink.
(©www.engineeringnews.co.za)

New property fund to list on the JSE
A new property fund is to list on the JSE Securities Exchange on Tuesday in the property loan stock sector - currently one of the JSE's more active sectors. Arnold Property Fund Limited (A-Prop) has 58 properties, valued at R814 million, which were acquired by deal originator Fusion Capital on behalf of A-Prop.
(©www.iol.co.za)

Dockside up for auction
Dockside, the R56-million mega- entertainment venue and night club at Century City, is to be auctioned next month following the liquidation of the company brought by its largest creditor, BoE Bank.
(©www.iol.co.za)

Valuable industrial areas being revitalised
A R102-million investment is under way to arrest the decline of an area which produces 40% of South Africa's total manufacturing output. The 15 km Wadeville–Alrode Industrial Corridor project will not only optimise transport facilities between these East Rand areas, but maximise the economic potential of this lucrative manufacturing area.
(©www.engineeringnews.co.za)

Indian giant scouts SA investment options
India's diversified Tata group is exploring several investment opportunities in South Africa, including a multimillion-rand ferrochrome-manufacturing facility at Richards Bay.Syamal Gupta, chairperson of several Tata companies – including Tata International – tells Engineering News that a decision on the ferrochrome project is expected in six months.
(©www.engineeringnews.co.za)

15 000 vehicles a day over Mandela bridge
March 2003 will see the completion of one of the largest cable-stayed bridges in South Africa – the 284-m-long Nelson Mandela bridge, which will link Braamfontein with Newtown, immediately west of the Johannesburg city centre.
(©www.engineeringnews.co.za)

Govt does rail policy U-turn
The Department of Public Enterprises (DPE) is expected to abandon its previously-held position that the profitable bulk-transport lines of rail utility Spoornet be hived off as part of a far-reaching restructuring and privatisation plan. The view that Spoornet's coal-transport business, CoalLink, and its iron-ore unit, Orex, be concessioned was contained within a DPE- commissioned policy report drafted by UK consultants NM Rothschild earlier this year.
(©www.engineeringnews.co.za)

Union welcomes new rail-restructuring mood
The South African Transport and Allied Workers Union (Satawu), which believes the intended concessioning of rail parastatal Spoornet's cash cows – CoalLink and Orex – will deal a body blow to the country's railway system, says it is "happy that the government is willing to revisit its position on this issue".
(©www.engineeringnews.co.za)

Assisting stakeholders to identify the pitfalls
Assuming the role of ombudsman often means involvement throughout the duration of a project. A commonly held view among project-management consultants is that large information technology (IT) projects are typically over budget, often late on delivery and do not always deliver the desired quality.
(©www.bday.co.za)

Optical industry in peppery mood over Salt
The fact that the South African Large Telescope (Salt) Foundation does not expect a South African company to manufacture the new telescope's spherical aberration corrector, reported in Engineering News June 8 this year (p.17), has caused dismay and annoyance among those familiar with the local optics industry.
(©www.bday.co.za)

NEWS FROM AFRICA

Senegal plans second international airport
Senegal plans to build a second international airport on the outskirts of the capital, Dakar, reported the West African country's prime minister. Mame Madior Boye said work would start in September or October and is expected to take three years. "An international airport with a minimum yearly capacity of three- million passengers is an essential condition if we want to meet our tourism development targets," she told parliament.
(©www.engineeringnews.co.za)

Restart delay for Nigeria aluminium smelter
Nigeria's troubled 193 000 t capacity aluminium smelter now hopes to reopen next December or January, four months off its previous target, officials have said. They told Reuters the restart of the facility, in south-eastern Ikot Abasi, had been delayed by ongoing work to complete outstanding facilities and the need for new service providers to settle in.
(©www.engineeringnews.co.za)

Malawi invites 800 borehole-construction tenders
The Malawi government has planned to construct 800 new boreholes and is inviting sealed bids from eligible bidders for their construction. The internal procurement committee of the country's ministry of water says bidding is open to all locally registered contractors who may go into joint venture with foreign contractors provided the main contractor is local and carries out work costing at least 80% of the contract price.
(©www.engineeringnews.co.za)

Europe-Africa undersea power-connection plan
Spain and Algeria have agreed to back the construction of a new gas pipeline and an underwater electricity cable between Europe and North Africa. "Together we want to implement these as soon as possible," Algerian Energy Minister Chakib Khelil told reporters. The projects will go some way to satisfying Spain's growing power demand, especially for gas, which is expected to double from current levels of just more than 15-billion cubic metres by 2010.
(©www.engineeringnews.co.za)

Illegal diamond mining continues unchecked
Freetown Sierra Leonean rebels and pro-government militia were not complying with a mining ban imposed in the eastern diamond heartland of Kono, government and UN sources said on Saturday. "Rampant illicit mining continues in the district," one official at the UN mission in Sierra Leone said.
(©www.bday.co.za)

HOUSING NEWS AND LAND ISSUES

'Every South African will be housed'
Johannesburg - "We will not rest until every South African is housed," Nhlanhla Mjoli-Mncube, the executive director of the National Urban Reconstruction and Housing Agency, said yesterday at the official launch of the National Savings Scheme (NSS).

(©www.busrep.co.za)

Housing policy on track Mthembi-Mahanyele
Land invasion' was a political stage play largely engineered by the Pan Africanist Congress. The Bredell land invasion is one of the few issues that makes Housing Minister Sanki MthembiMahanyele fume. This is understandable, because activities such as those in Bredell, if they reflect a genuine crisis, result in a questioning of her competence. Her job is to address SA's housing backlog, estimated at being between 2-million and 3-million houses.
(©www.bday.co.za)

Bredell land invasion man hits back
Sour grapes, says PAC councillor, who claims ANC is trying to smear him and denies pocketing payments of squatters. David Ngwenya, the Pan Africanist Congress (PAC) ward councillor accused by police and the Sunday Times of being the man behind the Bredell land invasion, claims that he is the victim of a smear campaign.
(©www.bday.co.za)

Housing needs joint effort
Neither government nor the private sector can deliver on its own. The failure of the low-income housing market has been highlighted by the media in the recent debate on the closure of Gateway. Government blames the banks and the banks respond in kind. What is the truth?

(©www.bday.co.za)

Housing policy shift to get poor involved in saving
The housing department wants to get more recipients of low-cost housing subsidies to pay a portion of the costs towards the development of their homes, raising fears that the destitute will be excluded in housing delivery.
(©www.bday.co.za)

Cape Town will not stand for land grabs'
In the wake of yet another land occupation protest by homeless people from Khayelitsha, the unicity council declared a zerotolerance approach to land invasions yesterday. "While the city is sympathetic to the plight of these people, the bottom line is that land grabs are not on," said the unicity's interim housing manager, Hans Smit.
(©www.bday.co.za)

Eviction costs hobble land owners
The removal of illegal squatters and the tearing down of their shacks has turned out to be so costly that the expense of the eviction could equal the value of the land if enough squatters are involved. Abraham Duvenhage, who has been growing beans and maize on a farm near Benoni, east of Johannesburg, for more than 40 years, was told by the Benoni sheriff last month that it would cost him R1,8m to have 5000 squatters removed from his property. "This is after it cost me R140000 just to get the court order to evict," Duvenhage said yesterday.
(©www.bday.co.za)

Dead demanding more land
While most of South Africa is involved in battles over land for the living, finding land to accomodate the dead is becoming an urgent issue.

(©www.busrep.co.za)

MINING NEWS

Future of gold mining 'lies beyond SA'
Johannesburg - The future of South Africa's gold mining industry was outside the country, Chris Thompson, the chief executive and chairman of Gold Fields, said earlier this week. He said it would be difficult to expand the sector in the country because most of the remaining gold deposits were deep underground and would be too expensive to mine
(©www.busrep.co.za)

Australia, SADC strengthen ties
Ministers meet in Pretoria to seek new ways to bolster investment in mining sector. The Southern African Development Corporation (SADC) and Australia have strengthened ties in the mining and resource sector, in an effort to boost the growth of the industry on both sides of the ocean.
(©www.bday.co.za)

Angloplat aims to stay at the top'
Company plans to double Bafokeng-Rasimone output in project. Anglo Platinum (Angloplat), which produces about 2-million ounces a year, is doubling the capacity of its BafokengRasimone mine at a cost of R2,24bn. Analysts see the move as the clearest indication yet that the company, majority owned by resources conglomerate Anglo American, wants to keep its position as the most important source of the precious metal in the coming decade.
(©www.bday.co.za)

Iscor workers strike, mull new offer
Members of the National Union of Metalworkers of SA embark on a strike in the form of general meetings during working hours at steel and mining giant Iscor
(©www.bday.co.za)

Gold giants set to report
Mining analysts forecast fairly good second-quarter results from top three
SA's big three gold miners are likely to post fairly good secondquarter results, with only Gold Fields struggling, say analysts. AngloGold is set to release its results today, followed by Harmony Gold tomorrow and by Gold Fields on Thursday. Mining analysts agreed that Gold Fields would be affected by a week-long closure of two shafts at its Beatrix mine after an explosion killed 12 workers

(©www.bday.co.za)

Well-oiled machinery
The Chamber of Mines sometimes looks like the African National Congress-led tripartite alliance a collection of organisations working in related fields, pursuing different and sometimes even conflicting interests. But though it often seems as if a parting of the ways is imminent, it never happens, because there are compelling reasons for the continued existence of the often messy relationships. So they continue onwards, with eyes wide open, towards their next falling out.
(©www.bday.co.za)

Iscor, IDC forge iron ore supply plan
Iscor has offered to develop the Welgevonden iron ore reserves in Northern Cape in a joint venture with the Industrial Development Corporation (IDC) as a way of satisfying government demands that SA steel producers have access to cheap iron ore.
(©www.bday.co.za)

Aussie miners split on doing business in SA
Some Australian mining companies are enthusiastic about doing business in Africa, particularly southern Africa, but others are so put off by the continent's bad press that they will not even consider getting involved.
(©www.bday.co.za)

Stymied by exchange control
The restructuring of SA's gold mining industry faces a massive obstacle in the form of exchange control. These controls, administered by an eagle-eyed Reserve Bank, could be the real story behind AngloGold not selling its marginal Free State operations. Faced with two offers for the ageing Bambanani and Tshepong, the board rejected both, officially because neither matched the group's own valuation of the properties and because the mines were currently performing well.
(©www.bday.co.za)

Inmins' minorities reject buy-out
Small shareholders in mining consumables supplier Inmins are lobbying for support against the proposed deal in which parent Winhold is to buy out minorities in Inmins. Winhold launched a merger offer earlier this month which will involve it taking out 52,3%-held Inmins and plastic packaging group Gundle, of which Winhold holds 65,5%. Pyramid company Winbel will be unbundled simultaneously, reducing the four group listings to one.
(©www.bday.co.za)

 
News flashes for Estate Agents and Homebuyers
   

Vineyard on market for R97m
Hotel and restaurant operations are excluded from Constantia Uitsig sale. A record price tag of R97m has been placed on the 40ha of prime vineyards outside Cape Town at a popular wine farm in SA, Constantia Uitsig. Pam Golding CEO, Andrew Golding, says this is the first time such a hefty price tag has been put on a local wine farm. It works out at more than R2,4m a hectare. Situated in the historic Constantia Valley, where wine farming originated in SA, Constantia Uitsig is 20 minutes from the centre of Cape Town and has been producing wine for six years.
(©www.bday.co.za)

Estate agents and Lawyers conveying mutual mistrust
Lawyers, losing a handy business, warn of abuse of power. Is the poacher turning gamekeeper? Lawyers, who have traditionally made a healthy living from property transactions, are alarmed at the growing power of estate agents. They say there is a danger of agents abusing that power. Agents have launched their own newspaper property advertising supplements, started a Web-based mortgage originator, MortgageSA.com, and have 60% of an Internet portal they will create with Independent Newspapers
(©www.fm.co.za)

Sectional title units need certificates too
Legislation regarding electrical compliance certificates applies to sectional title units as well as to freehold properties - and prospective buyers should not allow themselves to be told otherwise by agents or sellers keen to close a deal

(©www.mweb.co.za/property24/)

Birdies or breakers in Milnerton
Buyers at the Sunset Links Golf Estate, Table View have the enviable choice of birdies or breakers for a view - how much they can afford will determine the scenery on one of only two natural links courses in South Africa. Some 40 homes have already been built and sold on the estate, which will eventually have about 200 homes, and 120 stands have been sold to be developed.
(©www.mweb.co.za/property24/)

Planning the sale of a family home
One of the most difficult decisions a couple must face as their children grow up and strike out on their own is when to sell their family home.
(©www.mweb.co.za/property24/)

Hidden dangers of buying CC property
BUYERS interested in properties owned by companies or close corporations will probably not be able to use them as security for a home loan. Piet Botha, chairman of Nationlink, says "company owned" properties appeal to buyers because there is no transfer duty. "(But) when you buy shares in a property-owning company or CC rather than the property itself you need to be aware of the financial implications."
(©www.iol.co.za)

The agent's tool kit...
Homeloan Calculator
Transfer Fees Guide
Bond Registration Costs Guide
Contract for Housing and Minor Works
Contract for the sale of a house
Checklist for Moving Home
Homebuyer's Checklist
Homeseller's Guide

Now you can manage your unit trusts online, realtime!


Rates Offered
MIN
AVE
Floating rate
11.80%
12.81%
Fixed rate
13.35%
14.15%
Prime rate
13.50%

FROM 2001-07-03 TO 2001-07-21

These are the average interest rates offered by the Bidding Banks. Average fixed rates are higher than average variable rates, as banks absorb the risk of interest rate movements on behalf of the client.
(©www.bondnet.co.za)

Application for a bond from bidding banks through BondNet


 
Special report
LIGHTING
Dimming escalating energy and maintenance costs
(©www.fdm.com)
 
Economic Indicators
 
The indicators as on August 04 2001 at 12:19AM
This week
Last week
Rand/$ 8.2660 8.2050
Rand/£ 11.8138 11.6815
Rand/€ 7.3088 7.1991
R150 10.080% 10.080%
Gold/oz $268.20 $267.60
Gold index 1180.6 +1.34% 1124.9 -2.62%
JSE All Share 7490.9 -0.13% 8032.4 +0.38%

South Africa's risk rating improves
South Africa's investment risk rating based on evaluations of the political, economic and government policy landscape was slightly improved from six months ago, according to report released on Thursday.
(©www.busrep.co.za)

SA economy 'not free enough'
South Africa has an average economy and average policies and shouldn't expect to perform above average, the Free Market Foundation says.
(©www.mweb.co.za/news24/)

Side-click
The Italian police have not had a very encouraging press in the past fortnight. First they shot dead a rioter at the anti-G8 demonstrations in Genoa. Then, to make matters worse in the eyes of the London tabloids, they arrested five Britons, beat them up and banned them from Italy for five years.
(©www.spectator.co.uk)
Lotto Luck
Have your shares lost ground? Has your luck run out? Try the NetAssets Lotto Analyser to turn the tide.
The only known way to play a lottery game that guarantees a specific prize goal as well as maximised pay-out, is by using a lotto-wheel.
For the serious analyst we recommend Lotto Genius
   
ASAQS News
   

REMINDER download the new DPW rates from the CUG
Browse to the CUG on the website. We have just published the latest rates for July.

Seen on the ASAQS Calendar
Interim Seminar in Cost Engineering on from the 13th August
Seminar developed to support candidates for the ICC Certification Program of AACE for more information contact Marié Voogt on 011 766 2805
Seize the Day! Personal Efficiency and Effectiveness on the 13th August
This course will be held at the Centurion Lake Hotel, Centurion. For more info contact Terry Deacon at 082 557 3119

Spotted on the ASAQS Classifieds
Our multi-discipline company in Angola is looking for a QS/Cost Engineer with min. 2yrs experience in pre and post contract work to work on large projects (U$50mil. plus). Very competitive salary with airfare and accomodation - meals included. - Please use the following e-mail fernando@tesmi.com

The Value of Project Management
Continuing with the 5th part in The Value of Project Management Series we now take a look at the second step in the planning process:
2.0 Build the Workplan
The Project Workplan is created along with the appropriate Project Definition deliverable from Step 1.0. It may seem obvious, but the workplan is a vital tool to ensure that the project team knows what they need to do. Many people are uncomfortable creating a workplan. Usually this is because the project has not been well defined. How can a decent workplan be built if the Project Manager is not really sure of what the project will deliver? . Click here to read on.
(©www.tenstep.com)

CEASA Members meeting
NOTICE OF MEMBERS MEETING TO BE HELD AT THE SAB PARK LANE, SANDTON IN THE CONFERENCE ROOM ON THURSDAY 16 AUGUST 2001 AT 17:30
The meeting features a presentation by Prof P M D Rwelamila, Professor in Project Management at UNISA Business School and a "Discussion regarding the Construction Procurement System" After the meeting the brewhouse will be open to provide refreshments and a forum for informal discussion.

What will houses look like 25 years from now?
What do you think single-family homes in 2025 will look like? What innovations do you expect will be commonplace? Those were the challenges to student design teams who participated in the Third Millenium Home contest sponsored by the NAHB Research...

New members to the CUG
A warm word of welcome to the following members who have joined us in the CUG during the past week:
Cecily Lok
Hennie Kleynhans
Michael Hickman
Zuziwe Magula
Rod Matcham
Warren Kritzinger

Sanjay Ishwarlall
John Blackmore
GG Mathews

Please note that your registration to the CUG will remain in force as long as you remain a member of ASAQS and there is no need to register every year. If you have not received an e-mail confirming your registration contact ASAQS.

Did you hear?

Top government officials aren't the only ones who believe their jobs entitle them to free perks. Local councillors are also getting the taste. Members of Theewaterskloof Municipal Council, from Caledon in the Western Cape, recently held a series of local report-back meetings in nearby towns. Notices circulated beforehand to ratepayers, announcing the meetings, ended: "We are looking forward to your presents."

From The Natal Witness property supplement: "Cleland. R148 000. Beautifully decorated 3-bedroomed home in walled garage."

CNN's 8 pm news programme one night last week featured extended coverage of the spectacular eruption of Mount Etna, which is spewing red-hot lava towards thousands of homes on the island of Sicily. Immediately after the news was a canned travel insert, "CNN Hotspots". And what hotspot was featured that night? Mount Etna.

Nelspruit's proposed new international airport is obviously expecting very large aircraft. According to transport publication Freight & Trading Weekly, the first building phase of Kruger Mpumalanga International Airport "includes the construction of a 2 600 km long runway".

Now read the rest of Did you Hear? in the Financial Mail


 

Did you see?
Welcome to Djuma Safari Cam, where our Virtual Rangers take you on a game drive through the bush in Djuma Game Reserve, situated in the north-eastern corner of Sabi Sand Game Reserve, South Africa. The morning Safari runs from 05:30 - 09:00 CAT (Central African Time; GMT -2) and the afternoon Safari from 16:30 - 20:00 CAT.

 


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