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The Weekend Property and Construction Newsletter

The ASAQS Webshop
Saturday 13 April 2002
Circulation : exceeds 1,000 subscribers


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.
Past issues of this newsletter can be found at http://www.asaqs.co.za/news/


CONSTRUCTION AND DEVELOPMENT NEWS

Engineering firm Maed pays R7m for Birkenhead
The assets of the Birkenhead Brewery near Hermanus in the Western Cape were sold this week for about R7m to Maed , an international engineering, project management and construction company but not, until now, a brewing company.
(©www.bday.co.za)

Brooklyn collapse triggers concern
Tshwane city council investigates 15 buildings for not complying with safety standards. The collapse of part of Brooklyn Mall, the second such shopping centre mishap in Pretoria within five months, has raised concerns about safety standards in SA buildings.
(©www.bday.co.za)

Coega will benefit Port Elizabeth CDC
Industrial Reporter THE Coega port project will boost Port Elizabeth's infrastructure, says the Coega Development Corporation (CDC).
(©www.bday.co.za)

Coega steel plants will cost R1,8bn
Two stainless steel beneficiation plants costing a total of R1,8bn were to be built at the Coega deepwater port and industrial development zone near Port Elizabeth, government officials said yesterday.
(©www.bday.co.za)

Gauteng leads race for framework
Gauteng a frontrunner in rationalising state-owned property assets will soon lay out a new public property management framework.
(©www.bday.co.za)

IST sees a turnround of its fortunes
Engineering group IST seems to have successfully re-engineered its own recovery, with figures showing that all divisions within the group are now profitable and have contributed to an 80% increase in headline earnings a share.
(©www.bday.co.za)

More cash needed for Natal's road
The KwaZuluNatal department of transport is underfunded by 46% if it is to adequately finance a decade-long programme to upgrade and maintain the provincial road network "to an appropriate standard", transport MEC S'bu Ndebele said yesterday.
(©www.bday.co.za)

Time for Africa to tap its hydroelectric riches
Linking up continent's power grids to connect with Spain offers economic benefits. The concept of constructing sweeping electricity highways across Africa, lighting up the continent, has long been a cherished ideal of politicians and engineers.
(©www.bday.co.za)

Unbundling of 12 resorts way to reap early harvest
Aventura is inching its way back into the black after posting losses for almost a decade a key factor behind government's recent decision to put the state-owned leisure group up for sale again.
(©www.bday.co.za)

Staff realignment last hurdle in State oil merger
The State’s new national petrochemical company, PetroSA, has issued documentation to the effect that the merger between the former Soekor and Mossgas is complete and official, but a company spokesperson for the company says there are still some outstanding issues.
(©www.bday.co.za)

R15bn rail recap set to start soon
The long-awaited 15-year, R15-billion upgrading and recapitalisation of Spoornet’s rolling stock appears set to start imminently. CE Zandile Jakavula told a media briefing this week that the Transnet Tender Board had approved the locomotive upgrade programme and that a joint Transnet-government announcement on the issue would be made in due course.
(©www.engineeringnews.co.za)

R200m for E.Cape power projects
Power utility Eskom will invest a total of R200-million on growing and improving the Eastern Cape’s electricity supply during this year alone.
(©www.engineeringnews.co.za)

Two water projects on the cards for Limpopo Province
The Department of Water Affairs and Forestry (Dwaf) is mulling over two water-resource development projects in the Olifants river catchment, with a combined cost of more than R900-million at today's prices.
(©www.engineeringnews.co.za)

Big solar plan for Northern Cape
By 2005, South African power utility Eskom could be operating the world's largest concentrating solar power (CSP) plant.
(©www.engineeringnews.co.za)

Next phase unlikely for Highlands water project
Indications are becoming clear that the Lesotho Highlands Water Project (LHWP) will not continue beyond phase one in the foreseeable future.
(©www.engineeringnews.co.za)

Draft regulations augur new era for South African telecoms
While the international telecommunications industry is seeing a downturn, telecommunications in South Africa is set to enter a new era following the publication by the Independent Communications Authority of South Africa (Icasa) of draft regulations for the industry.
(©www.engineeringnews.co.za)

Ten bid for Gauteng speed train
Ten companies have presented bids following a request for prequalification (RFQ) submissions for the Gauteng Rapid Rail Project.
(©www.engineeringnews.co.za)

Construction of New Marion Island research base
The construction of a new research base on Marion Island by the Directorate: Antarctica and Islands of the Department of Environmental Affairs and Tourism is on the cards.
(©www.engineeringnews.co.za)

Yellow Button increases its rental turnover to R260m
Yellow Button, the property management arm of listed property and financial services group Jigsaw Holdings, had increased its rental turnover to R260 million and fee income to R80 million a year, Douw Kruger, Yellow Button's chief executive, said recently.
(©www.busrep.co.za)

Ports upgrade steams ahead despite cost rise
The National Ports Authority (NPA) was committed to a R5.9 billion upgrade of the country's port system by 2005, despite rising costs following the rand's devaluation, Siyabonga Gama, the chief executive, said yesterday.
(©www.busrep.co.za)

Britain requests exemption from US steel tariffs
British Prime Minister Tony Blair urged US President George W. Bush to grant Britain an exemption from US tarrifs on steel imports at their talks in Texas over the weekend, it was widely reported here Tuesday.
(©www.busrep.co.za)

Capital and Cenprop explain JSE concerns Property companies explain JSE concerns
The qualified audit opinion on the annual financial statements of property unit trust companies Capital Property Fund (Capital) and Centrecity Property Fund (Cenprop) arose because of non-compliance with Generally Accepted Accounting Practice (GAAP) relating to the treatment of provisions, a spokesperson for both companies said yesterday.
(©www.busrep.co.za)

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THE BUILT ENVIRONMENT PROFESSIONS CONVENTION
ON
SUSTAINABLE DEVELOPMENT
1-3 May 2002
Sandton, South Africa

The convention is a joint initiative organised by the:
Association of SA Quantity Surveyors (ASAQS),
SA Association of Consulting Engineers (SAACE),
SA Black Technical Allied & Careers Organisation (SABTACO),
SA Institute of Architects (SAIA) and
SA Institute of Civil Engineering (SAICE).

Click here to register

HOUSING NEWS AND LAND ISSUES

SA's land distribution will be legal
The South African Government remains committed to correcting the distortions in land ownership through a clear and legal framework, which does not disrupt business, said MEC for agriculture, conservation and environment Mashego Dlamini at the sugar season ceremony in Kwazulu-Natal yesterday.
(©www.engineeringnews.co.za)

Back to Index

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

Download the Registration form from the ASAQS website at http://www.asaqs.co.za

INVITATION TO ATTEND THE PIA MONTHLY BREAKFAST FORUM
GUEST SPEAKER - JEREMY GIBBERD, CSIR

TOPIC - SUSTAINABLE BUILDINGS

With the onset of the World Summit on Sustainable Development (WSSD) there has been an increasing interest in sustainability in South Africa. The short presentation will introduce the concept of sustainability and discuss the implications this has for the built environment in South Africa. It will also suggest ways this concept can be addressed and implemented in the design and management of buildings by drawing on recent work of the CSIR in this area.

Date: Friday 26 April 2002
Time: 07h30 - 09h15 (±)
Venue: Safari Restaurant Function Centre
Safari Garden Centre, Lynnwood Road, Lynnwood
Cost: R 30.00 members / R 40.00 non-members
RSVP: 012 347-0680 before 23 April 2002
(For catering purposes bookings are essential)
 
NEWS FROM AFRICA
 

White farmer, two friends held after shooting incident
A white farmer and two of his friends have been arrested for allegedly trying to kill a newly resettled black farmer during a shootout at a farm in southwest Zimbabwe, police and the farmers' union said yesterday.
(©www.bday.co.za)

War veterans order 800 farmers to go
Zimbabwe's liberation war veterans have issued ultimatums to about 800 white farmers ordering them to vacate their properties, a former fighter said yesterday
(©www.bday.co.za)

End of border row opens way for oil field
US major ExxonMobil will operate a TotalFinaElf discovered oilfield in disputed waters in Nigeria after the West African nation and Equatorial Guinea settled a maritime border row.
(©www.engineeringnews.co.za)

Kenya earns $70m on back of US trade deal
Kenya earned $70-million last year from textile exports to the US market following the enactment of the African Growth and Opportunity Act (Agoa).
(©www.engineeringnews.co.za)

Logistics partner for Namibia garment plant
Logistics company P&O Nedlloyd has been appointed as preferred supplier to Malaysian corporation Ramatex Berhad, which is building a $100-million integrated textiles and garment manufacturing plant in Namibia’s capital Windhoek.
(©www.engineeringnews.co.za)

Namibian mines invest in new technology
Despite continuing to impose strict cost-control measures to improve efficiencies, the Namibian mining industry has had to provide for new technological development and to attune itself to the developing world of business systems and communications, the Namibian Chamber of Mines states in its annual report.
(©www.miningweekly.co.za)

Konkola output shy of target
Zambia’s Konkola Copper Mines (KCM) said its Konkola mines had produced 51 452 tons of copper during the first quarter of 2002, falling short of its target, as a cash squeeze affected production.
(©www.miningweekly.co.za)

Zim workers seize gold assets
About 300 workers at Procter Metals ‘C’ mine in Mberengwa, Zimbabwe, have seized the company’s assets in response to incitements by President Robert Mugabe during his election campaign.
(©www.miningweekly.co.za)

Angola full of opportunities, but would-be investors urged to wait
Investing in a post-war Angola could still be a minefield, South African companies have been warned. The SA Institute for International Affairs (SAIIA) said last week that local companies should wait for the ink to dry on the Angolan peace accord before rushing into the huge investment opportunities that exist there.
(©www.busrep.co.za)

Angolans face daunting task to rebuild the country
If the guns stay silent in Angola, its war-weary population may find rebuilding the shattered country a far more daunting task than the long search for peace, analysts say.
(©www.busrep.co.za)

Back to Index

MINING NEWS
 

Mining group in OZ coal acquisition
Resources group Anglo American said it had agreed to buy a 51% stake in Australia’s Moura coal-mine from Japan’s Mitsui.
(©www.miningweekly.co.za)

War-time mining contracts face scrutiny in DRC
Congo’s government, rebel groups and opposition parties have called for a review of lucrative mining deals and other contracts signed after the mineral-rich African country was plunged into war six years ago.
(©www.miningweekly.co.za)

North American investors get the gold bug
A higher gold price, low inflation and fading memories of the nightmare Bre-X mining fraud have sent North American gold stocks surging in the past few months, whetting investor appetites again for mining and exploration companies.
(©www.miningweekly.co.za)

Study advances for new million-ton coal-mine
The initial phase of the feasibility study for the development of Kumba Coal's new Kalbasfontein mine, in Mpumalanga, has been completed, and a second value-engineering phase is under way to determine ways in which to optimise the profitability of the resource, reports Kumba Resources GM of new business and commodity management Doug Taylor
(©www.miningweekly.co.za)

UK tech, SA-made mining equipment
South African mining houses now have cost-effective access to technology from UK engineering group Qualter Hall, following the conclusion of an agency agreement with Gauteng-based FFE Minerals-Vecor.
(©www.miningweekly.co.za)

Does SA have coal reserves to sustain exports?
With plans afoot to increase South Africa's coal export capacity to about 84-million tons by 2003/4, does the country have sufficient reserves to meet this expansion as well as satisfy the projected local demand? This question has been raised by Minerals Bureau chief mineral economist: coal and hydrocarbons Xavier Prevost.
(©www.miningweekly.co.za)

R50-million envisaged for SA mining's future perfect
A collaborative research initiative was launched in March to investigate current mining operations in order to make them safer, more healthy and more profitable.
(©www.miningweekly.co.za)

Marine diamond-mining technology triumphs
The process of mining at sea will never be easy as miners will always have to contend with a hostile environment hampered by storms, high winds and rough seas.
(©www.miningweekly.co.za)

Future mining project breaks HR ground
The project undertaken by AngloGold South African region called Projek Katleho is well under way and is starting to implement mining systems to improve safety and productivity.
(©www.miningweekly.co.za)

Mining giant to cut dependence on SA assets
Mining giant Anglo American’s convertible bond issue has brought back into focus the mining giant’s need to reduce reliance on its South African assets, most likely through foreign acquisitions, industry analysts said.
(©www.miningweekly.co.za)

Another platinum mine on the map for SA
UK firm Cluff Mining said it will fast-track its South African Blue Ridge Platinum Project in the eastern limb of the Bushveld Complex, which could produce 200 000 ounces of platinum-group metals (PGM) a year.
(©www.miningweekly.co.za)

Cluff Mining weighs up its platinum project plan
Cluff Mining, a London-based mining exploration company which looks to be transforming itself into a producer, may be producing platinum from its Blue Ridge Platinum Project by 2004.
(©www.bday.co.za)

Council defends gold's position in central banking
Experience has shown that sales of gold from central bank reserves can have destabilising effects – however attractive sales may seem in the short-term, stated the World Gold Council The council was explaining why it believes that the Deutsche Bundesbank should continue holding its gold reserves.
(©www.miningweekly.co.za)

Latest on Free State mine purchase
Canadian miner Thistle Mining has completed three key components related to the transaction to acquire President Steyn Gold Mines (Free State) for $32,050-million.
(©www.miningweekly.co.za)

Canadian zinc-copper mine to reopen
Mining group Boliden said it would reopen its Myra Falls zinc-copper-mine in Canada to supply Asian customers who have had difficulty obtaining raw materials since the mine closed in December.
(©www.miningweekly.co.za)

Back to Index

 
NEWS FOR ESTATE AGENTS AND HOME OWNERS
 

Flat rents still rising, says Rode
Flat rentals have maintained an upward trend in the past few years due to an insufficient supply of new rental stock, says the latest report of property services and consulting company Rode.
(©www.bday.co.za)

Applying the cooling off clause
The 'cooling off' clause which allows certain residential property buyers five working days to reconsider after signing an offer to purchase, does sometimes extend to cover purchases worth more than R250 000.
(©www.property24.co.za)

Spotlight on: Rustenburg
Rustenburg's property market has “gone platinum”, with demand for homes in the Northwest Province town soaring as the surrounding mines make plans for significantly increased production.
(©www.property24.co.za)

Making their own destiny
While estate agents around the country bemoan the lack of stock, three estate agencies on the West Rand are doing something positive to overcome it.
(©www.property24.co.za)

FREE ANTI-VIRUS
Free Anti-Virus Protection!
Use our unique offer - AVG 6.0 Free Edition. Download, install and use AVG 6.0 Anti-Virus system to reliably protect your computer and data free of charge. Go to Free Download Page to get more information.
ASQS Webshop

Visit our new online Webshop for some incredible bargains.
Limited quantities of selected software reduced by 50% and more!
The Webshop also stocks all JBCC documentation.

Mortgage origination booms
Mortgage origination, introduced to SA just three years ago, already accounts for up to 40 percent of the home loans granted by banks, and originators are on track to facilitate at least half the country’s home loan business by next year.
(©www.property24.co.za)

Realty 1 Elk opens in Knysna
Realty 1 Elk has opened an office in Knysna where, it says, property prices have climbed significantly over the past year.
(©www.property24.co.za)

Back to Index

 
PROPERTY LINKS
Gauteng property price index ABSA housing review - 3 : 2001
Building statistics Home loan market share
Income and expenditure of households Tourism and migration
Calculators Transfer costs
House Hunting Tips: What to look out for

 
SPECIAL REPORTS
 

State of the Property Market 4Q 2001
The fourth quarter of 2001 saw a continuation of the oversupply situation in the non-residential property market, whilst on the residential side things were, in general, still firmly on the up. The highlight of this quarter's Rode's Report must be evidence from our office demand analysis that the decentralised office market is still fundamen-tally strong. Another outstanding feature is our article on how high real interest rates in the late 1990s have damaged.
(©www.fnb.co.za)

State of the Building Industry 4Q 2001
Not much has changed since our last report with regard the state of the economy. This in itself is encouraging, as it appears that South Africa has weathered the storm against financial market volatility shown during the latter part of 2000. Official figures relating gross domestic product (by which economic activity is measured) were revised upwards for the last two published quarters. The economy has in essence performed better than originally thought.
(©www.fnb.co.za)

Back to Index

 
ECONOMIC INDICATORS
 
The indicators as on
April 13 2002 at 12:13AM
This week
06/04/02
Rand/$
11.1900
11.0500
Rand/£
16.0722
15.8192
Rand/€
9.8349
9.7008
R150
12.250%
12.370%
Gold/oz
$301.90
$299.80
Gold index
2767.9
2637.7
JSE All Share
11119.8
11254.9

Closing prices:
BUILDING, CONSTRUCTION AND ENGINEERING

Back to Index

Expect more interest rate hikes
The government's targeted consumer price index is seen accelerating further beyond the South African Reserve Bank's target range in March, making a third 100 basis point rate hike this year all but inevitable, analysts say.
(©news.news24.co.za)

SARB counters rand allegations
Johannesburg - The South African Reserve Bank countered criticism of its latest exchange control rulings at an official inquiry on Friday, questioning the widely held view that they played a key role in the rand's slump last year.
(©news.news24.co.za)

   
ASAQS NEWS
   

BEP Convention
The long awaited Built Environment Professions (BEP) Convention is less than a month away with over 20 top local and international speakers, all experts in their respective fields, lined up to impart their collective knowledge on one of the most crucial issues facing the new millennium - sustainable development.
Clem Sunter, renowned strategist and futurist, will give an opening address at an evening reception to be held on May 1. The keynote address on the first day will be given by Rejoice Mabudafhasi, Deputy Minister of Environmental Affairs and Tourism. The director general of the Department of Public Works, Tami Sokuto will provide the closing address.
Among the distinguished and knowledgeable local speakers is Rodney Harber of the University of Natal, who has presented over 60 papers throughout the World. He will tackle the crucial issue of HIV/AIDS and the Built Environment. He says: "Broadly speaking, Built Environment Professionals are part of the prevailing denial about the impact of HIV/AIDS on their work and social responsibility."
Our new president, Mr. Des Linder says: "Internationally, the implications for sustainability of the environment, as well as the economic and social structures, are being taken very seriously. In countries such as Canada, the "value" of a project in terms of sustainability is actually "measured" (with certain tax implications), not only in terms of its future performance but in terms of the energy consumption involved in components of the structure. Who better to undertake this "measurement" than quantity surveyors ?"
Book now! Click here

SAISC seminar: "A new method of measurement and new specifications for structural steelwork"
Members are reminded that this seminar is also presented in Cape Town and Durban on these dates:
22 April 2002 - Cape Town
23 April 2002 - Durban
For more information please contact:
Leslie at SAISC
Tel: +27-11 838 1665 or e-mail info@saisc.co.za


New members to the ASAQS CUG
A warm word of welcome to the following members who have joined us in the CUG during the past weeks:


Lydia Carroll
Sean Collins
Anette Cater
Martin Boulle
Thembinkosi Matunda
Janine Scheepers
Derek Cronje
Luis Mateus
Euclid Matji
Sarel Rautenbach
Malwela Lebea
Bongani Ndlovu
Andrew Healey
David Hutchinson
Koena Moabelo
Mark Ridgway
Fikiswa Ntumbu
Devan van Niekerk
Willem Smit
Tom Collins
Nkondo Mudenda
Pieter van Aswegen
Jeetendra Gunput
RS Baloyi
Dirk van Schalkwyk
Piet Viljoen
Dion van der Linden

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.

Back to Index

Did you hear?
ROMANCE MATHEMATICS
Smart man + smart woman = romance
Smart man + dumb woman = affair
Dumb man + smart woman = marriage
Dumb man + dumb woman = pregnancy

OFFICE ARITHMETIC
Smart boss + smart employee = profit
Smart boss + dumb employee = production
Dumb boss + smart employee = promotion
Dumb boss + dumb employee = overtime

SHOPPING MATH
A man will pay $2 for a $1 item he needs.
A woman will pay $1 for a $2 item that she doesn't need.

GENERAL EQUATIONS & STATISTICS
A woman worries about the future until she gets a husband.
A man never worries about the future until he gets a wife.
A successful man is one who makes more money than his wife can spend.
A successful woman is one who can find such a man.


HAPPINESS
To be happy with a man, you must understand him a lot and love him a little.
To be happy with a woman, you must love her a lot and not try to understand her at all.

LONGEVITY
Married men live longer than single men, but married men are a lot more willing to die.

PROPENSITY TO CHANGE
A woman marries a man expecting he will change, but he doesn't.
A man marries a woman expecting that she won't change, and she does.

DISCUSSION TECHNIQUE
A woman has the last word in any argument. Anything a man says after that is the beginning of a new argument.

HOW TO STOP PEOPLE FROM BUGGING YOU ABOUT GETTING MARRIED:
Old aunts used to come up to me at weddings, poking me in the ribs and cackling, telling me, "You're next". They stopped after I started doing the same thing to them at funerals.



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