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Johannesburg's
glow unlikely to return
Pretoria - A reversal of the migration by firms from the Johannesburg
central business district (CBD) into suburban areas was unlikely,
according to Standard Bank. "Some proponents believe the migration
into suburban areas might be halted by market forces and that at
some point there could be a resurgence of demand for office space
in the Johannesburg CBD, where large cost savings may be achieved,"
it said in its latest Commercial Property Pointer.
(©www.busrep.co.za)
N
Cape withdraws from auto project
The Northern Cape provincial government
(NCPG) has officially withdrawn from the project to establish a
R260-million vehicle-assembly plant in Kimberley.
(©www.engineeringnews.co.za)
V&A
success opens doors abroad
Promising prospects for SA to export
engineering expertise into Africa and beyond. The success of Cape
Town's Victoria & Alfred Waterfront development, coupled with
the rand's weakness against the dollar, has opened the way for the
export of SA engineering expertise to the rest of the continent
and beyond.
(©www.bday.co.za)
Virgin
Active sweats for Greenpoint lease
Cape Town - Virgin Active had paid a "significant amount" to two
former LeisureNet directors, Rod Mitchell and Peter Gardener, to
secure the lease of The Point Sports Club in Greenpoint, one of
the top five gyms in Virgin's stable of 76 it now operates across
the country. Ian Burroughs, the managing director of Virgin Active,
said the agreement to operate the well-known Cape Town gym, which
has about 5 000 members, followed more than four months of tough
negotiations with the two former LeisureNet directors.
(©www.busrep.co.za)
Richway
set to revamp centres Northgate, Brooklyn, Walmer Park to be extended
RICHWAY Retail Properties is undertaking a multimillion-rand extension
of three major shopping centres. These are Northgate Shopping Centre
in Johannesburg, Brooklyn Mall in Pretoria and the Walmer Park Shopping
complex in Port Elizabeth. The R66m extension of Northgate in the
developing area of Northriding, north of Johannesburg, will add
12236m² to the centre, with another 1451m² being upgraded. The centre
will add a flagship Checkers Store and an entertainment hub anchored
by a full-size ice rink and restaurant area.
(©www.bday.co.za)
Aveng
expects big Mozal contracts
AVENG, a listed construction group,
was expecting to secure contracts worth hundreds of millions of
rands from the Mozal II development in Mozambique, CE Carl Grim
said yesterday.
(©www.bday.co.za)
Capital
needs to tap into tourism potential
Pretoria has all the resources to become a world-class city, says
Tshwane's metropolitan council mayor. Father Smangaliso Mkhatshwa,
the mayor of Tshwane metropolitan council, boasts that the city
is the only place where tourists can learn about the history of
SA from both sides of the political spectrum.
(©www.bday.co.za)
SA
well placed in bid for $1bn Iraq power rehab
South African companies are "extremely
well positioned" to clinch some of the $1-billion power-sector
rehabilitation contracts to be awarded by Iraq during the next two
to three years under the United Nations (UN) oil-for-food programme,
says South African Electrotechnical Export Council executive director
Eileen Leopold.
(©www.engineeringnews.co.za)
Merger
holds implications for stock exchange
Choice between unit trust or loan stock could
reshape property sector IF GRAYPROP and Grayvest merge they will
have to choose whether to house the newly created entity either
in a property loan stock company or a property unit trust.
(©www.bday.co.za)
Insulation
furnace to be rebuilt in a R20-million project
Rockwool, fibreglass and glass- reinforcement
product manufacturer Owens Corning South Africa (OCSA), of Springs,
on the East Rand, intends rebuilding its insulation furnace in a
R20- million project scheduled to take place in early 2002, reports
MD Andrew Scott. The furnace was originally destined for reconstruction
in 1998, but had its life extended through cold-repair work.
(©www.engineeringnews.co.za)
Engineering
contracting companies merge
Three closely-associated South
African engineering contracting companies have merged to form Murray
& Roberts Engineering Solutions, which will target business in emerging
economies.
(©www.engineeringnews.co.za)
Structural
steel design guides in southern Africa and comparison to international
Eurocodes
The CSIR, in conjunction with the Southern African Institute of
Steel Construction (SAISC), have been studying the fundamental differences
and similarities between the Eurocodes and the South African steel
design code SABS 0162: 1993, and has released a comprehensive reference
book, which compares the fundamental design philosophies, theory
and code requirements of these codes.
(©www.csir.co.za/akani/)
Steel
sector still fragmented despite a globalisation drive
Global steel as a concept
has taken off during the last two years and, as a result, the world's
top steel producers have formed strategic alliances, entered into
significant mergers and concluded acquisitions across international
borders.
(©www.engineeringnews.co.za)
Chile
plans $1,35bn public-works construction
The Chilean government has announced $1,35-billion of infrastructure
projects to be awarded to the private sector through concessions
over the next 12 months. The programme, which involves mainly highway
construction and improvements, is part of a government plan to hand
over $14,5- billion in public works projects to private firms over
the next six years.
(©www.engineeringnews.co.za)
African
engineering protocol signed in Harare
Engineers from various African
states have signed a historic protocol of understanding at a regional
meeting in Harare, Zimbabwe.The formation of the Africa Engineers
Forum (AEF) has established regional co-operation among African
countries and says to the world that engineering in Africa is an
African agenda.
(©www.engineeringnews.co.za)
Company
steeling itself for listing on stock exchange
The listing of Iscor's two wholly-owned mining and
steel companies is the culmination of the third and final stage
of a comprehensive re-engineering process that has been under way
since 1994.
(©www.engineeringnews.co.za)
Indian
steel firm mulls SA ferrochrome investment
India's largest private steelmaker,
Tata Iron and Steel Company (Tisco), has revealed that it is considering
a location in South Africa to set up a ferrochrome-manufacturing
facility.
(©www.engineeringnews.co.za)
Depressed
metals may hamper JSE
US markets staged a rebound on Tuesday
after a batch of mixed earnings reports from blue-chip companies.
The Dow Jones induxtrial average and the S&P500 ended 1% higher,
while the Nasdaq composite index rose nearly 2%. In Asia, the Hang
Seng was fractionally lower and the Nikkei was also down 1.8%.
(©www.bday.co.za)
Growing
demand for "IDEA"
IDEA 2000, an information product developed by CSIR Building and
Construction Technology, in association with the National Department
of Housing, assists provinces to focus on the crucial elements of
the planning process. This enables national and provincial departments
to make informed decisions regarding funding allocations and ensures
that the location of housing projects occurs according to integration
and sustainability principles.
(©www.csir.co.za/akani/)
South
African vacuum pumps cleaning up Texas
South African liquid-ring vacuum pumps
are being used increasingly for soil rejuvenation in the US. Johannesburg
manufacturer Global Vacuum, formerly known as Hi-Vac, is exporting
pumps to the US for use in cleaning contaminated soil and groundwater
in Texas and other parts of the country, reports GM Scott Gordon.
(©www.engineeringnews.co.za)
Agricultural
area ripe for investment
A MASTER plan for the development
of the Makhathini Flats will be in place by the end of July, KwaZulu-Natal
agriculture and environmental affairs MEC Narend Singh said at the
weekend
(©www.bday.co.za)
R400m
KZN agro-industry plan
Kwazulu-Natals Minister of Agriculture and Environmental Affairs
Narend Singh has announced investment proposals of more than R400-million
for Makhathini Flats, a remote area in the north-east of the province.
(©www.engineeringnews.co.za)
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