Swing back to property as safe haven in tough times
Residential and industrial markets are on revival path, writes David Jackson. Interest in property as a buffer against market volatility is on the upswing, as investors seek a relatively safe haven in troubled economic times. Following two decades of negative growth, the SA residential property market continues its revival, while there has been a surge of interest in industrial property, driven to a large degree by the growth of regional economies.
(©www.bday.co.za)

Mixed use fuels trend to flats
INSTITUTIONAL investors are increasingly embracing residential property as a growing trend towards mixed commercial and residential use gains momentum.Neville Schaefer, CEO of Trafalgar Property & Financial Services, says that institutional investors are adding thousands of rental apartments to some key commercial properties."Mixed commercial and residential use is suddenly on everybody's lips," he says.
(©www.bday.co.za)

Cross-border work boosts engineering
The civil engineering industry construction work excluding residential buildings has forecast a turnover of R15,6bn for calendar year 2002.This is up substantially from last year's R11,6bn.Good growth can be attributed to strong demand in SA, but also reflects increased revenue from the cross-border activity particularly by large companies in the sector
(©www.bday.co.za)

SA firms in Southern African roads projects
South African firms have been awarded key contracts in Zambian roads projects, valued at R400-million.Leading South African cement company, PPC, has started supplying cement to an international joint venture led by Concor Holdings, for work on the Katima Bridge Project, on the northern tip of the Namibian Caprivi Strip.
(©www.engineeringnews.co.za)

Murray & Roberts rebuilds itself dramatically
SHAREHOLDER value in construction group Murray & Roberts has grown more than R2bn since 2000. The growth occurred during the first two years of a fiveyear transformation programme.It vouches for the value derived from the programme, which has earnings growth and value creation as its ultimate aims.
(©www.bday.co.za)

Civil contractors benefit from infrastructure spending drive
Cape Town - The drive by the national and provincial governments to step up infrastructure spending, especially on roads, had helped pull the civil engineering industry out of its 1999/2000 slump and it was now growing aggressively, Pierre Blaauw, the economist at the SA Federation of Civil Engineering Contractors, said last week.
(©www.busrep.co.za)

Massmart to grow tile and building units into chain
Pretoria - Massmart planned to grow the Builders Warehouse and Tile Warehouse businesses it acquired last week into a national chain, Linton Lewis, the former owner of the two brands, said at the weekend.
(©www.busrep.co.za)

JSE move a boost for Sandton
THE move of the JSE Securities Exchange SA (JSE) to the Sandton CBD amid much controversy two years ago has boosted the business district's reputation as the financial powerhouse of Africa.This has been reinforced by the relocation of leading financial institutions, with Nedcor also earmarking the Sandton CBD as its preferred location.
(©www.bday.co.za)

Temptation time for top tenants
Due diligence vital in making choices. As sublease space continues to pile up and vacancy figures rise in many major markets, the health of the commercial property industry could hinge to some degree on the demands of corporate SA.
(©www.bday.co.za)

Rise in building costs hits prices of homes
Situation is aggravated by regional stock shortages, which are easing in Gauteng. Rapidly rising building prices are starting to affect the property market, aggravating stock shortages and widening the price gap between old and new homes.
(©www.bday.co.za)

Tenants, not location, the key for ApexHi
Loan stock company shows that glamorous locations are not crucial to success in property.Property loan stock company ApexHi is becoming proof that location is not necessarily part of a winning formula in the property investment game.
(©www.bday.co.za)

Healthy troubleshooter
Ian Burroughs, the managing director of Virgin Active SA, was in Pretoria this week to reopen Virgin Active Menlyn, one of its new generation clubs, following an extensive upgrade programme involving all the clubs in the chain. He spoke about Virgin Active's achievements since the takeover.
(©www.busrep.co.za)

Old Mutual discovers it can also play perks game
OLD Mutual may have bitten off more than it can chew by trying to take on Discovery Health at its own game.The UK-domiciled group rebranded its CareMed medical scheme Oxygen last year at a cost of more than R10m.
(©www.bday.co.za)

New fund targets listed property shares
THE Standard Bank Property Income Fund, launched last month by Stanlib, will target listed property shares from the JSE Securities Exchange SA's (JSE) new real estate index.Anthony Katakuzinos, head of unit trusts at Stanlib Wealth Management, says that historically, property share performance anticipates any fall in interest rates or inflation.
(©www.bday.co.za)

Government and business discuss building investor confidence in SA
CAPE TOWN Government and big business have decided to hold a crucial two-day summit to discuss issues of confidence and investment in SA in a bid to clear the way for the Growth and Development Summit early next year.
(©www.bday.co.za)

Mbeki to meet business on investor confidence
President Thabo Mbeki on Wednesday agreed to meet leaders of big business for a two-day summit later this year, to explore ways to build investor confidence in the South African economy, senior officials said.
(©www.engineeringnews.co.za)

Audit shows deficient use of consultants
The use of consultants by government has been a source of continuing concern, although it has improved considerably from the years immediately following the installation of the new democratic government in 1994.
(©www.bday.co.za)

Sasol prepares to expand gas interests
The company is engaged in exploratory discussions as many fields could potentially be profit drivers. SASOL is preparing for a major expansion of its global gas business, the company announced in its new annual report, which was published at the weekend.
(©www.bday.co.za)

Telkom delays date for property submissions
TELKOM has bowed to pressure from the commercial property industry, postponing for three weeks the due date for the expression of interest in its property portfolio earmarked for disposal.
(©www.bday.co.za)

Propnet, Rebserve may form new entity
TRANSNET's property management arm, Propnet, has teamed up with listed services group Rebserve to investigate the formation of an in-house facilities management entity.The move comes amid a wide spreading rationalisation of property assets in the hands of the state and state-owned enterprises such as Telkom, Eskom, Denel and Transnet.
(©www.bday.co.za)

Steel giant offers R125/t for auto tooling fund
South Africa’s leading steel company, Iscor, has offered to contribute R20-million a year towards the development of the secondary steel industry in South Africa as part of an innovative pricing proposal to the automotive industry.
(©www.engineeringnews.co.za)

Steel mill in R340m coke-oven repair
Iron and steel maker Iscor is spending R340-million on a project to repair coke ovens at its Newcastle long-steel products plant, aimed at reducing or replacing the company's coke imports of about 130 000 t/y.The first phase of the project, costing R293,9- million, was launched in April this year and should be completed by February 2004.
(©www.engineeringnews.co.za)

SA not dragging feet on privatisation - Radebe
The South African government was not dragging its feet on the privatisation of State assets, despite criticism that deadlines for the restructuring process are not always adhered to, Public Enterprises Minister Jeff Radebe argued at the annual launch of the BusinessMap Foundation’s restructuring report.
(©www.engineeringnews.co.za)

Black firm wins State condensate order
South Africa's State-owned oil company PetroSA has awarded a R750-million ($72,09-million) condensates procurement contract to little known black-owned Imvume Resources, a spokesman said this week.Reuters reports that PetroSA spokesman Nhlanhla Ngwenya said the one-year contract, one of the first procurement mandates to go to a black-owned company, would run from February 2003.
(©www.engineeringnews.co.za)

SA IT market proves resilience
The South African IT services market is reported to have grown by 14%, reaching R14 292-million from the supply side in the year 2001.Revenue from IT services represented an estimated 37% of total South African IT expenditure over the same period.
(©www.engineeringnews.co.za)

SA to monitor progress of BEE in oil industry
South Africa is setting up a committee to monitor progress in the liquid fuels industry, which aims for 25% black industry ownership by 2010, an official said on Wednesday.Almorie Maule, former CE of energy group Engen, told legislators she expected a formal announcement of the empowerment evaluation committee soon.
(©www.engineeringnews.co.za)

Growing industry is moving closer to white-goods programme implementation
The local stainless-steel industry continues to be one of the fastest-growing markets in the world and it is expected that local consumption will grow from 120 000 t last year to 300 000 t by 2006 and a million tons by 2010.
(©www.engineeringnews.co.za)

Steel fabricator is to target heavy-pressure-parts market
West Rand firm Headline Engineering South Africa has been operating the formerly Steinmüller Africa-owned pressure-vessel workshop and structural-steel plant since the beginning of September. This follows deals that have led to the fundamental restructuring of the steel supply, erection and fabrication industry in South Africa.
(©www.engineeringnews.co.za)

Work begins at Coega
Site preparation for the construction of the Coega port in the Eastern Cape has started, with actual construction expected to commence next year.
(©www.engineeringnews.co.za)

South Africa moves ahead with biotech plans
An emotive regional debate on the safety of genetically modified food aid has thrown a spotlight on South Africa's stance on biotechnology, exposing a lonely but unwavering policy.Diplomatic wranglings have overshadowed a food crisis threatening much of southern Africa, with countries in need of food aid first refusing to take GM maize, and then negotiating deals to make sure their own crops do not become contaminated.
(©www.engineeringnews.co.za)

SA oil explorer in growth phase
South African-based international oil and gas exploration and production company, Energy Africa, which is listed on the Johannesburg and Luxembourg Stock Exchanges, reports an increase in cash flows to $61-million and increased average production to 22 540 bpd, in its interim annual report.
(©www.engineeringnews.co.za)

Technology group shows growth in tough market
Electronics firm Altron Group – now transformed from an investment holding company to an operating company as a result of the acquisition of the Fintech and Powertech minorities – has shown continued strong resilience to challenging local and international trading conditions with good results for the half year to August 31.
(©www.engineeringnews.co.za)

Weak rand benefits the big builder
Bell Equipment, the manufacturer of materials handling equipment, has almost thirty years experience in the global game and today 50 percent of its sales are generated offshore. Bell Equipment makes its debut in 13th spot on the Global Company Index. The group, established in 1954 by Irvine Bell, has grown from a small equipment repair service company on a sugar estate in Zululand into a global equipment designer, manufacturer, supplier and distributor of materials handling equipment operating in more than 70 countries.
(©www.busrep.co.za)

Weigh issues surrounding intellectual property
Companies need to cherish, promote and protect the intellectual capital resident in employees.The concept of intellectual property has progressed to the point where individuals know it can be profitable and organisations acknowledge that losing it can be damaging.
(©www.bday.co.za)

SAFCEC NEWS

UNION REPRESENTIVITY SURVEY
Attached to this week's SAFCEC newsletter is a questionnaire on Union Representivity. Please complete and send back to Muller Uys at SAFCEC Head Office. Members that have not as yet completed the attached union survey are requested to return the survey before 22 October 2002. Click here for the survey form.
(©www.safcec.org.za)

SABS 82 – REINFORCING
SAFCEC is in receipt of the draft SABS 82 – Bending dimensions and scheduling of steel reinforcement for concrete.Should any member wish to comment on this draft SABS, an electronic copy can be emailed on request.
(©www.safcec.org.za)

ANNUAL INDUSTRY SHUTDOWN, DECEMBER 2002
Members are reminded that the recommend shutdown period for this year is as follows:
Last working day: Friday 13 December 2002
Return to work: Monday 6 January 2003
(©www.safcec.org.za)

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New Clicks invests R78m in future
Millions set aside in anticipation of a change in legislation allowing the group to directly own pharmacies.Although the operations of retailer New Clicks performed well for the year to August, a R78m provision for a loan to Purchase Milton & Associates knocked its results.
(©www.bday.co.za)

RAG's liquidators 'acted unlawfully'
Durban - The provisional liquidators of Retail Apparel Group (RAG) had acted unlawfully by paying advance liquidation dividends to banks and major creditors, Oliver Powell, a director of insolvency practitioners National Trustees, said yesterday.
(©www.busrep.co.za)

Warning on retail sales figures
ON THE face of it, retail sales have been holding up surprisingly well in the shadow of higher inflation and this year's four interest rate hikes. But is this true? And for how long?
(©www.bday.co.za)

Big retail chains are not culprits in high food prices
The soaring cost of food is a talking point for some, life and death for others. But it's not clear who's to blame.
(©www.busrep.co.za)

ThisDay talks to Edcon about retail chain
Johannesburg - Nigerian-based media group ThisDay, which was virtually unknown to South Africans just a week ago, is fast becoming a household name.
(©www.busrep.co.za)

ThisDay still after some of CNA's stores
NIGERIAN newspaper firm ThisDay has not given up on getting its hands on some of the assets of the liquidated CNA Group, saying yesterday that it was in talks with new owner Edcon about acquiring a range of CNA stores.The announcement on the ThisDay website was greeted with some confusion, with Edcon first denying then confirming that it had spoken to ThisDay about some of the group's outlets.ThisDay was one of the bidders for the CNA Group, but lost out to Edcon.
(©www.bday.co.za)

Retailers to move into Africa to lift market
A TENANT-driven expansion of the retail property market from SA into Africa is in the making, says BoE Property Investment Partners head Richard Harman.He told a Catalyst Holdings conference on property trends last week that local retailers and investors could be driven north by the limited local growth environment.
(©www.bday.co.za)

Retail analyst, Merrill Lynch SA part company
THE strict application of corporate governance rules has resulted in top-rated retail analyst Rod Salmon and one of SA's largest stock brokers, Merrill Lynch, parting company.Salmon is a Zimbabwean bank Trust Merchant Bank board member. The domestic Merrill Lynch office decided having an analyst who is also an office bearer of another bank might create a perception of a clash of interests.
(©www.bday.co.za)

Educating your firm to succeed
THREE things differentiate great firms from others in the new economy: organisation building, high-performance leadership and talent creation.Over extended periods high performance firms apply definable workplace practices that build their organisations. Management development and education is perhaps the most important driver enabling people to identify and entrench sustainable business competitiveness.
(©www.bday.co.za)

WesBank buys Barloworld's motor finance company
Johannesburg - WesBank, South Africa's largest vehicle finance company, has bought the motor finance division of Barloworld Leasing for about R830-million, a senior WesBank official said on Wednesday.
(©www.busrep.co.za)

Irregularities at Saccawu fund worse than expected
Cape Town - Serious management and accounting irregularities had been uncovered at the national provident fund of the SA Commercial Catering and Allied Workers' Union (Saccawu), the Pretoria high court was told this week.
(©www.busrep.co.za)

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Municipal values are the issue
Farmers say they do not object to paying land tax, but want better controls.Two years after the Property Rights Bill was first published for comment, farmers are still railing against the proposed tax on agricultural land.Whereas in the past farmers wanted to be exempted from paying taxes on farming land, their opposition has shifted to stopping municipalities from charging rates on an "ad hoc" basis while legislation is finalised.
(©www.bday.co.za)

Cuban self-help model finds favour with state
Contractors feel squeeze in the low-cost housing sector. Housing contractors appear to be losing favour with the Gauteng housing department, which is turning to a self-help model with the assistance of Cuban building professionals.
(©www.bday.co.za)

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Grain yields to crash in 2003
ZIMBABWE's food crisis will get worse in the next few months as its grain harvest plunges more than 64% and government's failed land and food import policies erode food security, says an early warning unit report.
(©www.bday.co.za)

When will Zimbabwean economy's fall arrive?
Insiders give it between six months and three years, if leaders stay in power.Repeated announcements of the demise of the Zimbabwean economy over the past year look to have been premature. It has shown surprising resilience in the face of assault, principally from within. How does it survive? How long has it got? What will be its death knell? No one has ready answers; but, all things considered, the end is surely nigh.
(©www.bday.co.za)

Zimbabwean leaders banned from Australia
CANBERRA. The Australian government slapped sanctions on Zimbabwe's leaders yesterday to protest against the state's deteriorating human rights situation, while SA President Thabo Mbeki reiterated government's policy of noninterference and SA's foreign minister voiced strong support for land reform in Zimbabwe.
(©www.bday.co.za)

World Bank backs $39m power, water project in Chad
The World Bank has agreed to back a $39-million electricity and water-supply upgrade project in Chad, which would prevent a possible collapse of the services in that country.
(©www.engineeringnews.co.za)

Rich rewards from moving into Africa
SETTING up a cellular network in Africa takes up a lot of time dealing with regulatory issues and ensuring the licence is entrenched in the statutes of the country, says Andrew Mthembu, deputy group CEO of Vodacom.
(©www.bday.co.za)

African or Arab: Egypt's Nepad dilemma?
Conflicting traditions and interests in effect constitute policy tug-of-war for Cairo.It could be argued that the strategic logic and purpose of the New Partnership for Africa's Development (Nepad) was undermined the moment Egypt took up a position on the steering committee along with SA, Nigeria, Algeria and Senegal.
(©www.bday.co.za)

Oil giant starts Nigeria oil project
Oil major Exxon Mobil has started construction of its Erha deepwater development offshore Nigeria, the company said on Wednesday.
(©www.engineeringnews.co.za)

Zambia August copper production rises
Zambian copper production rose to 219 138 t in the eight months to August 2002, from 187 255 t the previous year, the central bank said on Wednesday, as the industry benefited from increased investment and recapitalisation. Exports rose to 218 076 t from 194 557 t in the eight months to August last year.
(©www.miningweekly.co.za)

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Gold groups could miss marketing opportunity
GOLD companies could be missing out on one of the best opportunities to increase the profile of the metal as an investment vehicle, says Ross Norman of thebulliondesk.com in a recent paper.Since the drop in the gold price in the late 1990s, Norman says little has been done to encourage investment in gold.
(©www.bday.co.za)

R500m project to resurvey S Africa
The South African mining industry could potentially benefit from a project to refly the country at 250-m intervals, as well as from another project to determine where the continental shelf ends.Council for Geoscience CEO Nok Frick explains that the first R500-million, ten-year project will open up considerable new exploration options for companies.
(©www.miningweekly.co.za)

Rush to value mineral rights, licences
Increasing numbers of companies are getting their mineral rights and licences valued as a result of the Mineral and Petroleum Resources Development legislation and proposed new accounting requirements which will stipulate that firms need to have these assets valued as part of corporate-compliance requirements, reports Andy Clay, director of minerals industry advisor Venmyn.
(©www.miningweekly.co.za)

November hearing date for iron-ore case
A date for a Competitions Tribunal hearing, regarding the purchase by Anglo American of large stakes in Anglovaal Mining and Kumba Resources, has been set for November 5 and 6, Tribunal CEO Shan Ramburuth tells Mining Weekly Online.
(©www.miningweekly.co.za)

R750m platinum contract awarded
Plant design and control engineers, Dowding Reynard & Associates (DRA) has been awarded a contract for the design and construction of a platinum concentrator for Impala Platinum to process up to 233 000 t of ore a month. The Marula Platinum project is worth a total of R1,3-billion.
(©www.miningweekly.co.za)

Resources group not yet ready to step up nickel mining
A decision by resources group BHP Billiton, on whether to spend nearly $800-million to develop a new nickel mine and upgrade a refinery on opposite sides of Australia, will come in late 2003 at the earliest, the company said yesterday.
(©www.miningweekly.co.za)

Heavy-minerals miner to proceed with E Cape study
Heavy-minerals miner Ticor South Africa has initiated a process that will lead to an Environmental Impact Assessment (EIA) of a heavy minerals extraction operation that is being investigated near Centane in the Eastern Cape.
(©www.miningweekly.co.za)

Mining giant receives new ratings
Standard & Poor's Ratings Services said it assigned its single-‘A’-minus long-term and 'A-2' short-term corporate credit ratings to UK-based mining group Anglo American. The outlook is stable.
(©www.miningweekly.co.za)

SA asbestos victims can sue other mining groups
A UK High Court has ruled South African miners can sue South African holding company Gencor and private UK company Charter for payment of a settlement on asbestos claims, lawyers said on Tuesday. Both companies previously held a controlling interest in South African building materials firm Cape.
(©www.miningweekly.co.za)

Output falls at Chile Copper mine
Chile's Escondida mine, majority-owned by BHP Billiton, said on Wednesday its copper output fell 28,5% to 46 739 t in September compared with the same month last year.BHP Billiton has curtailed production at the mine, the world's largest, due to poor prices for the metal.
(©www.miningweekly.co.za)

Platinum miner in Southern African expansion . . .
Aquarius Platinum (AQP), the Australian- and London- listed mining group, is about to pursue a major expansion drive in South Africa. The mining group is aiming to produce over 800 000 oz/y from its Southern African operations by 2006. Currently Kroondal alone is producing 240 000 oz of platinum-group metals (PGM) a year. AQP's new Marikana mine, in the North West Province is scheduled to be commissioned in November, with first concentrate scheduled to be delivered in January. The new mine, which is on schedule and on budget, is expected to produce about 155 000 oz/y.
(©www.miningweekly.co.za)

Love and hate over the minign charter
The good news about the recently released mining charter is that the target of 26% ownership within 10 years by historically disadvantaged South Africans appears reasonable, compared with the initial 51% proposal.
(©www.bday.co.za)

Gencor denies R1.5bn asbestos claim
Gencor, the mining investment holding company, has denied any liability arising from claims by asbestos miners and dubbed an assessment of liability of R1.5- billion as "fundamentally flawed".
(©www.bday.co.za)

State acts to stop Anglo controlling all SA's iron ore
The government had formed a strategy unit to prevent London-based mining house Anglo American from controlling all of SA's iron-ore assets, a senior official said this week.
(©www.bday.co.za)

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A 'revolutionary' sectional title decision
A High Court declaratory order issued this month may well turn out to contain the most important decision in the history of the South African sectional title industry.
(©www.property24.co.za)

Don't risk your tax-break
Homeowners risk losing out on an important tax-break if they make unwise additions or alterations to their properties.
(©www.property24.co.za)

Getting returns on home improvements
With rising interest rates prompting upgraders to stay put and first-time buyers to consider different options, the beleaguered construction industry can expect something of a boom in additions and alterations.
(©www.property24.co.za)

New homes in: Tyger Falls
Tyger Valley is rapidly becoming the new business hub of the northern suburbs of Cape Town, and apartments in the Tyger Falls zone are already in high demand.
(©www.property24.co.za)

Land selling well in older suburbs
If you own land in a desirable older suburb, now would be a good time to sell.
(©www.property24.co.za)

Agents embrace loan business
However, their dual role could compromise interests of buyers and sellers. Hopes of building a highly competitive home loan industry through independent mortgage origination in SA could be unrealistic.
(©www.bday.co.za)

Skirting Rand Controls
Ways to buy UK property - without foreign currency.The scramble to invest in offshore property seems unstoppable - and vehicles for South Africans to use rands for this purpose are also gathering momentum.Offshore property is already the third-largest SA property subsector after housing and the JSE's real estate sector.
(www.financialmail.co.za)

W Cape expertise available in Gauteng
In response to a growing interest among Gauteng investors in Western Cape properties, Pam Golding Properties has appointed regional property specialist Bev Bloch to a full-time position based at the group's Gauteng offices in Hyde Park, Sandton.
(©www.property24.co.za)

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A manual for community based crime prevention
Design your own local plan - a practical guide to the process of developing a community-based crime prevention strategy.
Download the publication in .pdf format now.
(©www.csir.co.za)

Self Control
Self climbing formwork platforms are helping to revolutionise the concreting process in high rise structures. Here Doka’s Johann Peneder explains the process.
(©www.intlconstruction.com)

From the ground up
JCB has been making backhoes for half a century — Volvo has only just begun. Fiona Sutherland asks if claims from both manufacturers that their new machines are designed ‘from scratch’ hold up.
(©www.intlconstruction.com)

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Inflation data another nail in coffin for interest rates
Johannesburg - Consumers got another dose of bad news yesterday with the announcement that inflation rose to a 33-month high in September, putting pressure on the Reserve Bank's monetary policy committee to raise interest rates yet again in November.
(©www.busrep.co.za)

Retail motor sector seeks protection from state
THE Retail Motor Industry (RMI), which represents the organised motor retail sector, has asked government for protection for vehicle dealers from their suppliers.The body asked Trade and Industry Minister Alec Erwin to declare the motor industry a "designate" under the Competition Act.
(©www.bday.co.za)

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JSE opens firmer, but golds fall
Gold stocks came under pressure at the opening on the JSE today, paring gains on the overall index which was following European markets and US futures firmer.
(©www.bday.co.za)

State steps up fight against food prices
Government is stepping up its action to counter high food prices by aiming to have its food monitoring committee operational by the end of the year.Following mounting pressure to act against escalating food prices this year, the agriculture department has circulated a draft document that envisages a 10member monitoring committee consisting of officials from various government departments and industry bodies.
(©www.bday.co.za)

Business unity still possible
THE creation of a truly nonracial business movement was still possible despite the failure of previous attempts to unify black and white business chambers, departing SA Chamber of Business (Sacob) president Christoph Köpke said yesterday.Köpke, addressing Sacob's annual convention in East London, said the collapse of the unity process between Sacob and the National African Federated Chamber of Commerce (Nafcoc) was "a sad experience".
(©www.bday.co.za)

CPD Seminar - Gauteng
Risk Management will come under the spotlight from 14h00 to 17h30 on 5 November 2002 when Prof C.E. Cloete will examine the concept of risk in property management, -development and -investment at Wits University. Browse to the ASAQS website for further details.

Members who consider going to the seminar may wish to get some background information on the subject. We have found a two-part series on risk management for you:

Risk Management - Part 1
Our introduction to Risk Management addresses the practicalities of
risk identification and risk evaluation.
(©www.projectmagazine.com)

Time is the enemy
When projects fall behind it is possible to catch up — but at what cost.
Roger Knowles has once again written an article pertinent to our profession.
(©www.intlconstruction.com)

Shafted again by Telkom e-mail - a hoax
An e-mail doing the rounds warns readers that Telkom have introduced a "penalty" of 77c per call if the 10 digit dialing procedure is not followed. Your editor contacted Telkom and confirmed that this is just another hoax.

Remember: Visit the ASAQS website for new updates!

New members to the CUG

New members will be announced next week

Please note : Only paid-up members of the Association of South African Quantity Surveyors are allowed entrance to the CUG. We still receive a number of applications every month from non-members. If you have any questions regarding membership contact Mrs Barbara Morgan on 011-3154140

Also 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.

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