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Shake-up
may affect buyers
THE recent shake-up in the local banking sector particularly the
disappearance of small players might hurt consumers in the residential
property market, says SA Home Loans CEO Simon Stockley.
(©www.bday.co.za)
Alpha
seeks a buyer for its 35% stake in Omnia
ALPHA Cement, which is a joint venture between construction firm
Aveng and Holcim of Switzerland, is actively seeking a buyer for
its 35% stake in SA chemicals group Omnia.
(©www.bday.co.za)
Dorbyl
may dispose of its 72% Midas stake
ENGINEERING group Dorbyl announced on Friday it was in negotiations
to dispose of its 72% stake in the group's automotive component
wholesale distributor subsidiary Midas.
(©www.bday.co.za)
iFour
makes quiet debut on the JSE
PROPERTY loan stock company iFour, which came out of the unbundling
of property development group iProp, listed on the JSE Securities
Exchange SA yesterday, but was not traded throughout the day.
(©www.bday.co.za)
JSE
might consider delisting Stocks Hotels & Leisure
CAPE TOWN Despite the continued suspension of Stocks Hotels &
Leisure on the JSE Securities Exchange SA, it seems unlikely there
is more to come for shareholders from the group which was placed
in voluntary liquidation almost three years ago.
(©www.bday.co.za)
Empowerment
companies chase Shilowa Express
Two SA companies with strong links to black empowerment have been
shortlisted for the contract to build the R7-billion Gautrain -
also known as the Shilowa Express.
(©www.iol.co.za)
Pretoria-JHB
road network might be tolled
Plans have been unveiled for the tolling of five sections of the
Pretoria-Johannesburg road network. In terms of the scheme, announced
on Thursday, parts of the Ben Schoeman highway and R21 airport freeway
will be included at a total cost of about R1,5-billion.
(©www.iol.co.za)
Ancient
bones a modern drawcard
HIDDEN beneath the surface of northwest Gauteng are more than just
exhausted gold mines, there are also the most complete and varied
evidence of the origins of modern humans.
(©www.bday.co.za)
R115m
recapitalisation for Kelvin power plant
In excess of R115-million will be spent by AES Kelvin Power over
the next three years, when it carries out systematic overhauls and
upgrades to some systems at the Johannesburg power station.
(©www.engineeringnews.co.za)
Cape
Town executive approves budget plan
CAPE TOWN In a balancing act delayed for 12 days, the Cape Town
city council executive yesterday approved for recommendation to
today's full council meeting a budget for the city's operating expenditure
for the forthcoming fiscal year.
(©www.bday.co.za)
D-day
for Cape Town's new rates regime
The highly charged issue of a new property rates system for Cape
Town enters a critical phase on Wednesday as a unicity multi-party
committee meets to finalise the policy.
(©www.iol.co.za)
Extra
service charge doubles residents' anger
Cape Town officials have yet another low-cost housing problem to
deal with, as service charge duplication further angers irate residents.
(©www.iol.co.za)
Cape
Town venue set to boost SA's coffers
THE Cape Town International Convention Centre, predicted to make
a contribution of R25bn to SA's gross domestic profit over 10 years,
is on track for its scheduled opening in July next year.
(©www.bday.co.za)
Cape
shipyard gears up for R300m project
Construction of the three inshore fisheries and environmental protection
vessels (FEPVs) ordered by the Department of Environmental Affairs
and Tourism (Deat) will get under way late this year.
(©www.engineeringnews.co.za)
SA,
Russia team up to build space telescope
CAPE TOWN SA has strengthened its presence in international space
affairs by joining a Russianled project to build a $200m space telescope.
The World Space Observatory will consist of a 1,7m diameter mirror
and equipment for measuring the ultraviolet part of the spectrum
placed on board a spacecraft orbiting the earth.
(©www.bday.co.za)
Steel
workers trapped under scaffolding
Three Saldanha Steel workers are trapped in shallow water under
tons of scaffolding and construction rubble after a filtration system
collapsed on Thursday.
(©www.iol.co.za)
Probe
begins into Saldanha Steel deaths
An investigation is under way into why three workers were killed
and two seriously injured at Saldanha Steel near Vredenburg on the
West Coast when one of the company's scale pits collapsed on Thursday.
(©www.iol.co.za)
Cape
of Storms sends homeowners into panic
Storms whipping up waves of nine metres and winds of more than 100
kilometres per hour battered the Cape coast from Langebaan to Hermanus
this weekend, ripping off roofs, flooding houses and washing away
large chunks of beachfront roads.
(©www.iol.co.za)
How
Chapman's Peak will be saved
Chapman's Peak Drive, one of the Cape's most scenic routes,
will reopen in October next year after a R128-million reconstruction
that will involve state-of-the-art engineering techniques, some
of which have never been used on South African roads.
(©www.iol.co.za)
Liberty
buys retail development plan
INVESTEC Property Group and RMB Properties have sold their joint
venture Maritzburg retail development plan to Liberty Group, giving
it an opportunity to make its first major retail investment in KwaZulu-Natal.
(©www.bday.co.za)
Durban
centre attracts international business
DURBAN, and the wider KwaZuluNatal region, has reaped the economic
benefit of a bold public sector initiative that led to the building
of SA's first all-purpose international convention centre five years
ago.
(©www.bday.co.za)
Army
may march off prime beachfront base
Renewed efforts to free up a piece of prime real estate on the Durban
beachfront for top-notch tourism-related development are much stronger
now that the Department of Defence is willing to negotiate the relocation
of its Natal Command headquarters.
(©www.iol.co.za)
Rand
dip rocks the boat for Durban water park
The drop in the rand-dollar exchange rate could have a "knock-on
effect" on the R657-million marine theme park planned for Durban's
Point area.
(©www.iol.co.za)
R10,7m
facelift to move Kingsmead up a level
Kingsmead, one of cricket's famous Test grounds and the Durban headquarters
of the KwaZulu-Natal Cricket Union, is being given a R10,7-million
facelift.
(©www.iol.co.za)
New-look
Wilson's Wharf ready by Christmas
Durban will have a new place to wine, dine and shop by Christmas,
says Shabir Chohan, the chief executive of Ithala, the provincial
development finance corporation.
(©www.iol.co.za)
New
development gives hope to unemployed
Grand plans were announced this weekend to develop a vast
business estate at Durban's Effingham/Avoca area to rival the likes
of Johannesburg's Midrand. And visionary flair could see Durban
have a world-first fusion of business development and ecological
restoration of wildlife, including hippos.
(©www.iol.co.za)
Durban
station shacks demolished
A las"I am going to sleep in the bush," Peter Gama said
as municipal workers tore down his home alongside the Durban station
on Tuesday. Gama was just one of at least 78 families who were removed
from the informal settlement on the periphery of the station.
(©www.iol.co.za)
Winning
taxi-recap bids by July Omar
The first new taxi under governments taxi recapitalisation
programme should roll off the production line at the end of the
year, says Transport Minister Dullah Omar.
(©www.engineeringnews.co.za)
Could
South Africa relaunch its shipbuilding industry?
The current programme to equip the Department of Environmental Affairs
and Tourism with four patrol vessels three coastal and one
offshore has again raised the issue of shipbuilding in South
Africa.
(©www.engineeringnews.co.za)
SA
pressure vessels for a Seychelles desalination plant
Local company Wren Fibreglass completed an order last month for
11 glass-reinforced plastic (GRP) pressure vessels for four different
desalination plants in the Seychelles.
(©www.engineeringnews.co.za)
Industrial
grating suited to mining
Made to international standards and using the International Standards
Organisation quality management system, a new product called Accessgrate
is now available from Access Industrial Suppliers, of Pretoria,
together with its Eastern Cape-based associate company Uniprove.
(©www.engineeringnews.co.za)
SA
ceramics industry heeds mining's call
A major capital investment was made last year by local company Multotec
Wear Linings (MWL) in the form of an isostatic press.
(©www.engineeringnews.co.za)
Company
tackles Africa's multiplying supply chains
The expansion of operations by local companies seeking business
opportunities beyond South Africas borders further into the
African continent are facilitated by DNA Micor Projects, the Johannesburg-based
project management specialist of JSE Securities Exchange-listed
company DNA Supply Chains.
(©www.engineeringnews.co.za)
Sustainable
engineering to be crucial to SADC's development
It is the South African Institution of Civil Engineerings
(SAICE) belief that the well-being of African commerce and trade
is heavily reliant on the availability of well-developed and maintained
infrastructure as provided by the built environment professions
and industry to face the globalisation challenges facing Southern
Africa and the continent a whole, says executive director
David Botha.
(©www.engineeringnews.co.za)
Majority
seeking higher education HSRC
ALMOST three-quarters of Grade 12 learners in SA intend proceeding
to higher education, a Human Sciences Research Council (HSRC) survey
has found. The survey, in which 12204 learners in 288 schools across
SA took part, investigated what affects learner choice on higher
education.
(©www.bday.co.za)
Last
farewell to the Twin Towers
New York - As bagpipes skirled, the last steel girder still standing
at Ground Zero was cut down. On Tuesday night, this act brought
a symbolic end to over eight months of gruelling recovery work at
New York's World Trade Centre site.
(©www.iol.co.za)
Insurance
given 'lesson it will never forget'
London - In a landmark verdict on Thursday, five senior British
judges ruled that sufferers of asbestos-related diseases did not
have to prove which of several employers was responsible for their
illness.
(©www.iol.co.za)
Back
to Index
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Navigating
the environmental insurance maze
Lead-based paint, leaky underground storage tanks, dry cleaning
solvent and ground water and soil contamination. The mere mention
of such terms in conjunction with a potential retail site can rattle
even the coolest retail execs. Environmental insurance might just
be the balm to cure their nerves.
(©www.industryclick.com)
S-p-e-l-l
out clear lease terms
Throughout most any lease, there are at least half a dozen provisions
that require the occurrence of an event before the other party is
required to act.
(©www.industryclick.com)
UK
developers jump on in-town bandwagon
Urban regeneration, a hot retailing concept in the United States
for many a year, finally seems to be working its way into the United
Kingdom shopping center sector.
(©www.industryclick.com)
Local
Talent
Whatever happened to the strip center of yesteryear? Not that long
ago, the neighborhood centers that dot the U.S. landscape were filled
with local talent. Shoppers could count on folksy banter at Mr.
Green's pharmacy, photos of grandchildren decorating Mrs. Jones'
flower shop, and Mr. Higgins' uncanny ability to memorize patrons'
favorite dishes at his deli/bakery.
(©www.industryclick.com)
Back
to Index
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| HOUSING
NEWS AND LAND ISSUES |
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Squatters
set to be moved to developed land
Relief is in sight for more than 200 000 families staying in Gauteng's
many informal settlements.They will be moved to newly developed
land where the government will provide services.
(©www.iol.co.za)
Long,
long wait for a proper home
As the clouds gathered ahead of last week's showers, Mlindeli Mateyise
sat on a bench and worried about his house flooding again. Whenever
it rains, pools form in his two-bedroom zinc home in Boys Town informal
settlement in Crossroads, Cape Town, his home for 11 years
(©www.iol.co.za)
Namibia
seeks German aid to finance land reform
BERLIN Namibian President Sam Nujoma said yesterday he was seeking
substantial German aid to finance land reform based on the principle
of willing seller, willing buyer.
(©www.bday.co.za)
Kasrils
taps the space age to monitor SA's water
MOVE over Mark Shuttleworth. Ronnie Kasrils was, in a manner of
speaking, way ahead of you in the space race, and all ...
(©www.bday.co.za)
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to Index
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Zim
dollar loses half its value
Zimbabwe's dollar has lost half its value against the US dollar
on the black market since mid-May, analysts say.
(©www.news24.com)
Zim
spies on 'subversive' UK ambassador
The British high commissioner to Harare, Brian Donnelly, has been
placed under 24-hour surveillance for political activities incompatible
with his diplomatic status, state-run newspaper The Herald has reported.
The British Foreign Office has denied the allegations levelled at
Donnelly.
(©www.iol.co.za)
Swiss
farmers facing eviction
SWISS farmers are facing eviction from Zimbabwe following President
Robert Mugabe's government seizure of title deeds to 53 of their
properties.
(©www.bday.co.za)
US
reviews policy on oil in Africa
The US is looking at Africa and its emerging potential as a major
oil producer to diversify its energy supply - at present some 15%
of that country's oil arises from Africa.
(©www.engineeringnews.co.za)
SA
exports to EU rise by 50% since 2000
The European Commission indicated that, following the encouraging
SA-EU trade figures for 2000, the strong growth pattern had continued
throughout the year 2001. The latest statistics confirmed a further
noteworthy increase in two-way trade for last year.
(©www.engineeringnews.co.za)
SADC
fails to exploit US trade opportunities
The contribution which the Southern African Development Community
(SADC) has made in exports to the US through the African Growth
and Opportunity Act (Agoa) for the year 2001 was substantially low,
James Lennox, director of trade and investment at the South African
Chamber of Business (Sacob) tells Engineering News.
(©www.engineeringnews.co.za)
Eskom
Enterprises expands into Morocco
IN A first for a local parastatal, Eskom Enterprises is moving into
Morocco, having agreed to create a joint venture company with Moroccan
power utility Office National de l'Electricité.
(©www.bday.co.za)
SA,
Lesotho sign R2,3bn upliftment deal
Maseru - South Africa and Lesotho signed a five year agreement worth
about R2,3-billion in Maseru on Wednesday that aims to uplift the
landlocked kingdom.
(©www.iol.co.za)
Moz
government approves Oz mining deal
Maputo - The Mozambique government on Wednesday announced it had
approved a new minerals exploration project in southern Mozambique,
worth more than US$1-billion (about R10,2-billion), headed by an
Australian mining firm.
(©www.iol.co.za)
Sugar
giant sweet on Mozambique
Diversified group Tongaat-Hulett plans to expand sugar production
in Mozambique in order to take advantage of the former Portuguese
colonys increased access to global markets from 2006, when
developed countries open up to the worlds poorest countries.
(©www.engineeringnews.co.za)
Mkapa
slams 'life presidency syndrome'
Tanzanian President Benjamin Mkapa has lambasted African leaders
who seek to hold on to power indefinitely in their countries, and
urged African nations to do away with life presidents, saying that
the limitation of power was necessary for democracy. Read about
some of the leaders who have altered or broken the rules to prolong
their hold on power.
(©www.iol.co.za)
'World's
biggest food crisis' tops SADC menu
A crucial Southern African Development Community summit has begun
in Botswana, with ministers and officials focusing on overcoming
"an unprecedented humanitarian crisis as a result of food shortages"
in Lesotho, Malawi, Mozambique, Swaziland, Zambia and Zimbabwe.
(©www.iol.co.za)
Ousted
Madagascan leader jets out under fire
Veteran Madagascan leader Didier Ratsiraka has arrived in Paris
after forces loyal to his rival for the presidency seized more territory
on the Indian Ocean island, but denies he has fled. Forces loyal
to rival leader Marc Ravalomanana now control three of Madagascar's
six provinces, including the capital Antananarivo.
(©www.iol.co.za)
Africa
starved because the West kept its cool
A swathe of countries south of the Sahara suffered crippling drought
for decades - with up to a million people starving to death - because
of pollution by America and Europe. Researchers say rich countries
unwittingly hijacked the clouds that should have provided Africa's
rain, cooling the earth and seas through sulphur dioxide emissions
from burning coal and other fossil fuels.
(©www.iol.co.za)
Critical
food shortages in southern Africa have led to maize imports into
SA
Agriculture Correspondent THE critical food shortages in some southern
African countries prompted large quantities of white maize imports
into SA for the first time in eight years.
(©www.bday.co.za)
Back
to Index
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|
VIRUS OR HOAX?
|
|
In case you've received an e-mail containing a virus warning
please check carefully for a real virus or a hoax. Usually
e-mail warnings encouraging you to forward the information
to all and sundry are hoaxes. You can make sure by visiting
the Virus
or Hoax? web site.
If you suspect that you have opened an e-mail containing
a virus visit the virus information section on Virus
or Hoax? The site also links
to free virus-removal programs.
You
can also try the BitDefender online virus scanner
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ANTI-VIRUS
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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
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runs diagnostics on your PC to identify things that might
help improve performance.
Visit
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First-come-first-serve.
ASAQS has secured single packages of the following software
at ridiculous prices. Grab them now. This offer will not be
repeated!!!
Go
to the ASAQS Webshop NOW!! |
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Retrieve that file that you forgot to copy to your laptop before
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Antivirus, Cleansweep, Crashguard and Web services - Usual
price R999.00 - One package only for R550-00.
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| Architectural
competitions, etc. |
| Sanlam
Restoration Award: Closing date for receipt of entry forms to
Sanlam in Belville, Cape is 12 July 2002 the PIA office
has application forms. |
| Royal
Institute of British Architects (RIBA) competition hotline
riba.competitions@mail.riba.org |
| Architecture
for Humanity, a non-profit organization that promotes architecture
and design solutions to global, social and humanitarian crises,
announces its 2002 International Design Competition. For this
years competition, participants are invited to develop
designs for a fully equipped, mobile medical unit and HIV/AIDS
treatment centre specifically for use in Africa. The deadline
for design submissions is November 1, 2002. Contact Cameron
Sinclair csinclair@architectureforhumanity.org
|
| DULUX COLOUR
AWARDS: Closing date for entries if 15th July 2002 - enquiries
can be directed to Julie on 011 861-1409 (office hours). Julie
reports that to date no entries have been received from the
Pretoria Architects - come on PrArchs dont
delay and enter today! |
| Breakfast
Forum |
Herewith please find
an invitation to attend our next breakfast forum which is planned
for Friday 21 June 2002 at 07h30 at Madisons Bistro, Gilles
Botbyl Emporium, cnr Duncan and Pretorius Street, Hatfield.
Secure parking is available in the Pretorius Street Parking
Entrance. Costs are
R 35.00 for members; R 45.00 for non-members and R 20.00 for
student-members. Bookings are essential and can be made by phoning
the office on 012 341-3204 / 5 - before 19 June 2002. Sponsors
of this forum are PG Bison and Maksal Tubes.
The Topic : The Implication of the New Water Act; SABS 0252
and related codes on Architects and Engineers. Our guest speaker
is Vollie Brink, who was part of the development of the SABS
0252, serving on the drafting committee and is a well respected
participant in the building industry.
Please support this forum - we look forward to seeing you there!! |
| Municipal
forms and new fee scale for architects |
The PIA office has
a small supply of the following municipal forms available to
members:
Application to Approve Building Plans;
Application for Encroachment of a Building Line; interpartite
Agreement; Engineers Acceptance of Appointment; Engineers Completion
Certificate; Information sheet : Application for approval of
a site development plan; Documents required on submission of
a site development plan.
A stock of the Recommended Tariff of Fees
as issued by the South African Council for the Architectural
Profession, which came into effect 1 January 2002, is also
available. SACAP has confirmed that each registered architect
did receive a copy, either posted or e-mailed. Copies (booklet
form) are available at R 20.00 for members and R 40.00 for
non-members.
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|
Thanks to the PIA for the information
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New
partner to finance Lesotho diamond project
As part of the restructuring of the greater JCI/CAM group of companies,
mining giant JCI will acquire a 40% stake, valued at about R164-million,
of the Letseng diamond project in Lesotho.
(©www.miningweekly.co.za)
Golden
Peru shining strongly
Peru continues to shine as one of the most prospective areas in
the world for gold mining.
(©www.miningweekly.co.za)
Zambia
reluctant to give mines more help
Zambia The Zambian government's reluctance to grant concessions
to Metorexs Chibuluma mines, in that country, is hampering
the companys efforts to acquire further assets there.
(©www.miningweekly.co.za)
Fight
over proposed mineral legislation continues
The revised draft Mineral and Petroleum Resources Development Bill
has received widespread acclaim as a significant improvement on
the 2000 version, but commentators warn that certain issues have
to be dealt with if the proposed legislation is to achieve its objectives,
which include the expansion of opportunities for previously-disadvantaged
people to enter the R500-billion mining industry.
(©www.miningweekly.co.za)
Comprehensive
coal, platinum maps released
The fully-revised fifth edition of the Coalfields Map of South Africa
has been published, as well as the first edition of a comprehensive
map of platinum deposits in South Africa which has more than
70% of world platinum reserves.
(©www.miningweekly.co.za)
Slow
civil-engineering recovery is hurting industrial-minerals sector
What was the R4,2-billion industrial-minerals sector two years ago
is likely to continue or even decrease its modest contribution to
South Africas gross domestic product (GDP) despite indications
that the civil-engineering sector, with which it is associated,
is showing a turnaround
(©www.miningweekly.co.za)
Mining
giant buys R164m stake in Lesotho diamond project
As part of the restructuring of the greater JCI/CAM group of companies,
mining giant JCI will acquire a 40% stake, valued at about R164-million,
of the Letseng diamond project in Lesotho.
(©www.miningweekly.co.za)
SA
jewellery council launches three diamond projects
Traditionally known as the country of gold and diamonds, it is believed
that in many instances South African shopping malls and jewellery
stores, in particular, can compete anywhere in the world in terms
of the image and quality they represent.
(©www.miningweekly.co.za)
Exploration
firm stays focused on SA
Diamond exploration is a highly specialised business.
(©www.miningweekly.co.za)
Grizzly
feeder refurbished at Botswana mine
Mining equipment supplier Humboldt Wedag South Africa, a subsidiary
of the German multinational supplier KHD Humboldt Wedag, has been
contracted by the Debswana Mining Company to refurbish an existing
Humboldt Wedag resonance grizzly feeder, for use at the new Debswana
Damtshaa mine in Botswana.
(©www.miningweekly.co.za)
New
diamond-mine for Western Australia
After a long diamond drought, Western Australia finally has secured
a second diamond-mine.
(©www.miningweekly.co.za)
Back
to Index
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| NEWS
FOR ESTATE AGENTS AND HOME OWNERS |
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What
the rate rise means to borrowers
The interest rate rises announced by all major mortgage lenders
this week will translate, for existing homeowners, into an increase
of some R226 a month on a 20-year home loan of R305 000 - the current
national average home price.
(©www.property24.co.za)
Sotheby's
comes to Dainfern
Property sellers at Dainfern, South Africa's premier golf estate,
can now tap into a global market for their homes through Sotheby's
International Realty, the world's leading marketer of luxury residential
property.
(©www.property24.co.za)
Spotlight
on: The South Coast
KwaZulu-Natal's south coast, reckoned by many to offer the best
value-for-money coastal property in the country, is being rediscovered
by major developers who are snapping up land for both holiday and
permanent residential projects.
(©www.property24.co.za)
Buyer
agency: Would it pay?
Is there a market for buyer agency services in South Africa? The
results of our recent online poll indicate that there may well be.
(©www.property24.co.za)
How
to check out an area
Among the first questions that an astute potential buyer will ask
an estate agent is whether home prices in the area in which he is
interested are rising or falling, and the answer will probably be
crucial to whether a sale is made.
(©www.property24.co.za)
Window
opens again for buyers
With better balance returning to property markets across the country,
new opportunities are opening for potential buyers who lost out
in last year's boom.
(©www.property24.co.za)
Back
to Index
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| ASQS
Webshop |
|
Visit our new online
Webshop to purchase documents and programs online.
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Well
grounded
AS THE world's cities become more crowded and the availability of
naturally flat, stable land on which to build becomes limited, the
challenge is on to "create" the ground conditions necessary
for development. Traditionally concrete retention structures and
the like have been used to achieve this.
(©www.industryclick.com)
When
the Going Gets Tough -- Analyzing Concurrent Delays
Proving or disproving a construction delay claim is a substantial
undertaking in the best of circumstances. But the analysis of construction
delays takes a major leap in difficulty when there are multiple
sources or causes of delay with interrelated effects. Even on straightforward
projects, numerous activities for innumerable reasons are not completed
exactly as scheduled. Is every activity that is not completed when
scheduled a "delay," or are many of these inconsequential
when assessing liability in a delay claim context?
(©Thelen Reid & Priest LLP)
Go
Go Gaudí !
Born June 25, 1852 - died June 12, 1926
Barcelona, Spain is pulling out all stops to celebrate the wild
genius of Antoni Gaudí, born 150 years ago this month. Join
the celebration with a whirlwind tour of Gaudí's fanciful
architecture.
(©architecture.about.com)
Back
to Index
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The indicators
as on
June 16 2002
at 3:31 PM
|
|
This week
|
09/06/02
|
| Rand/$ |
10.4600
|
9.8400
|
| Rand/£ |
15.4473
|
14.3526
|
| Rand/€ |
9.8868
|
9.2772
|
| R150 |
11.680%
|
11.710%
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| Gold/oz |
$318.75
|
$324.35
|
| Gold index |
3118.40
|
3217.93
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| JSE All Share |
10936.96
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11082.01
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Where
to put your money
WITH interest rates rising but probably peaking and the JSE Securities
Exchange SA coming off a strong rise, it is appropriate to ask a
tricky question. What asset class would be the most appropriate
investment from here on out? Fortunately, JP Morgan has just produced
a voluminous study on the subject. The first question is: historically
what has provided the best return, bonds or equities. The answer
is equities, which is as it should be, since this is a riskier and
more volatile asset class. The study found that equities outranked
bonds over 10- and 15-year periods.
(©www.bday.co.za)
Closing
prices:
BUILDING,
CONSTRUCTION AND ENGINEERING
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'Homeloan
rates won't pass 17%'
Consumers counting the cost of increased bond repayments can relax
as the prime interest rate is unlikely to go above 17%, says Richard
Gahagan, general manager of Absa homeloans.
(©www.news24.com)
Rand
slips despite support
The rand was weaker on Friday as it bucked the firmer euro and gold
price, two factors that have helped it rally strongly against the
dollar this year.
(©www.news24.com)
Banks
hike prime rate to 16%
Johannesburg - Three major South African banks said on Friday that
they would raise their prime lending rates by 100 basis points to
16% after the South African Reserve Bank announced a similar increase
in its key repo rate on Thursday.
(©www.news24.com)
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CPD Seminar in Gauteng
How to create magic with your voice
Presented by the Voice Clinic, this dynamic personal enrichment
seminar should not be missed.
Date: June 18, 2002
Time: 13h30 for 14h00
Place: University of Pretoria
Price: R150,00 per delegate
RSVP: to Inge Pieterse at fax: (012) 420 3598 or Tel: 083 454 8185
before 14 June 2002
In future, the Gauteng Chapter Newsletter
will be delivered by e-mail:
E-MAIL ADDRESSES !!!!!!
In future the Chapter will distribute all notices, newsletters,
invitations, etc. to members via E-mail. Obviously this can't be
done if we don't have the E-mail addresses of ALL the members. Members
are requested to E-mail their name and E-mail address to bert@netgro.co.za
with GAUTENG MEMBER as the SUBJECT.
All E-mail addresses received before 30
June 2002 will be in a lucky draw and the winner will win a NORTON
INTERNET SECURITY program, which includes NORTON ANTI-VIRUS 2000
CETA News:
HMK CONSULTING has been commissioned by the South African Association
of Consulting Engineers (SAACE) and the Construction Education and
Training Authority (CETA) to assist companies with the successful
submission of the Planning Grant due on 31 July 2002. This service
is being offered free of charge to all CETA registered consulting
engineering companies and professionals in the sector such as Architects,
Quantity Surveyors and Town Planners throughout South Africa.
Each company registered with CETA needs to submit the Planning
Grant by 31 July 2002. To assist companies in this regard, CETA
has developed a computer software programme. This software programme
will be distributed, free of charge, via a CD. Should a company
require assistance on obtaining the CD, and submitting the necessary
Grant Forms, please contact HMK CONSULTING (011 447 2250) as soon
as possible. By participating in this programme, HMK CONSULTING
will enable each company to obtain 15% of their levy rebate for
the period 01 April 2002 to 31 March 2003.
Should the Implementation Grant, based on this Planning Grant,
be successfully submitted and approved by May 2003, each company
will be entitled to a further 50% of their total levies paid during
this period.
Please remember that this service (i.e. submission of a Planning
Grant) will be offered free of charge, courtesy of CETA. HMK CONSULTING
is an outsourced generalist people management service offering the
above benefits by an experienced and accredited consultant.
Please do not hesitate in contacting HMK CONSULTING should there
be any additional queries:
Heather Kinghorn, HMK CONSULTING
Tel/Fax: +27 11 447 2250, Mobile: 083 627 8765
Email: kinghorn@jhb.stormnet.co.za
(Thanks to PIA for the information)
Claim Back 65% of the Cost of Training
All ProjectPro courses have now been accredited by
the Services Seta ETQA and ASAQS. Apart from earning Continuing
Professional Development points your company can claim back up to
65% of the cost of our training from their Seta.
Project Management Demystified
2-Day introduction to project management
20 CPD points
ProjectFlow
4-Day intermediate experiential course
50 CPD points
Project Management Professional
3-Day advanced preparation workshop for PMP certification exam (internationally
recognised)
30 CPD points plus 20 CPD points for passing exam
Seize the Day!
1-Day efficiency, effectiveness and stress management course
10 CPD points
Visit their website at www.projectpro.co.za
for dates, venues and prices.
Liquidated
Damages a Two-Edged Sword
Delay can cause incalculable damages to an owner on a construction
project. Such damages, however, may be very difficult to quantify
with reasonable accuracy. Thus, in order to help avoid the uncertainty
and expense of long evidentiary battles to establish (or refute)
the owner's actual damages, parties to a construction contract may
agree in advance to liquidate those damages. A liquidated
damages clause is a negotiated clause to establish in advance
a reasonable estimate of the damages that would be incurred by reason
of a breach of contract or unexcused delays.
Note: This site requires free registration in order to access information
(©www.cmdfirstsource.com)
Scheduling
techniques - a slideshow
Presentation Slides from AACE International's 2001 Annual Meeting,
held in Pittsburgh, Pennsylvania, June 17-20, 2001
Note: This PPS will take a while to download but is an exellent
introduction to the various scheduling techniques available (save
it to disk for future reference)
(©www.aacei.org)
Microsoft
Project Student Tutorial
Covers Scheduling Overview, Pre-Schedule Planning, Create New Schedule,
Checking Your Schedule, Adjusting Your Schedule
(©lfserver.lf.psu.edu)
Excel
Formulas
This page will take you to lots of examples of Excels Formulas.
It includes formulas for dates, times, text and numbers. Each page
also includes some formula tips and tricks
(©www.microsoftexceltraining.com)
Remember: Visit the ASAQS
website for new updates!
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:
Changbum
Jo
Ian Oosthuysen
Danie Butler
Alexander Grant
Jonathan Fletcher
Alan Kruger
Paramanandan Koseelan
Merrick Heuer
Johannes Kruger
Chris de Wet
David Mills
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
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| Did
you hear? |
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This week we have two new ones for you:
Grounds for Divorce. . .
A woman goes into her lawyers office requesting a divorce.
He is taking all of her background information and asks her,
"Do you have grounds for a divorce?"
To which she replies, "Well, we have three acres."
"No, ma'am. What I mean is, does he beat you up?"
asks the attorney.
"No, I get up around 6:30 and he sleeps until 7:00,"
she responds.
Feeling a little frustrated the attorney asks, "Lady,
tell me, do you have a grudge?"
Looking very confident she states, "No, we have a carport."
At this point the lawyer has lost his patience and asks,
"Look, Lady. Why the heck do you want a divorce?"
"Because he can't hold an intelligent conversation!"
AND
The engineer. . .
A priest, a doctor, and an engineer were waiting one morning
at the third tee (par 3, 185 yards, slight dog leg to left,
water hazard on the right) while a particularly slow group
of golfers were flailing away ahead of them.
Engineer: What's with these guys? We've been waiting for
15 minutes!
Doctor: I don't know but I've never seen such ineptitude!
Priest: Hey, here comes the green keeper. Let's have a word
with him.
Priest: Hi George. Say George, what's with that group ahead
of us? They're rather slow, aren't they?
George: Oh yes. That's a group of blind fire fighters. They
lost their sight while saving our club house last year, so
we let them play here anytime free of charge!
Doctor: Wow! Thanks for the scoop George.
Priest: That's so sad. I think I will say a special prayer
for them tonight.
Doctor: Good idea. And I'm going to contact my opthamologist
buddy and
see if there's anything he can do for them.
After a short pause ...
Engineer: Why can't these guys play at night!
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