R33m earmarked for Mpumalanga prisons
US investors flee from ghosts of asbestos
Development corridor a boon for Pretoria
What's behind the 'foreign buyer' issue
Anglo impact on Zambia probed
Residential market is still a safe bet'
Insolvent estates: traps to avoid
Quantity Surveyors Required (UK)

 

 


The Weekend Property and Construction Newsletter

The ASAQS Webshop
Saturday 26 January 2002

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 in brief

PROPERTY DEVELOPMENT, ENGINEERING AND CONSTRUCTION

Building Prospects - 1st Quarter 2002
Dr. Johan Snyman of MFA writes that the MFA building indicator that represents the collective wisdom of business people moved sideways during the fourth quarter of 2001. This is probably attributable to the events following on the "nine-eleven" attack in the USA.
(©www.asaqs.co.za)

Maintenance needs at jails, bases to be probed
The public works department has appointed 81 engineering firms to determine the maintenance needs of prisons and military bases. The maintenance backlog is estimated at R10bn. In a process that will cost the department R26m, the firms will produce a situation report in six months, examining structural, building, civil, mechanical and electrical needs to determine the total value of repairing and maintaining 146 prisons and 41 military bases.
(©www.bday.co.za)

R33m earmarked for Mpumalanga prisons
Two Mpumalanga prisons have been given R33-million to repair their buildings and improve the standards of prison accommodation. The money is part of R620-million budgeted last year by the national Department of Public Works for its repair and maintenance programme (Ramp).
(©www.engineeringnews.co.za)

WBHO, Rainbow win off-ramp project
The R35m contract for the complex construction of an off-ramp from the M1 highway to Johannesburg's cultural precinct in Newtown has been awarded to a joint venture between Wilson Bayly Holmes-Ovcon (WBHO) and black empowerment company Rainbow Construction.
(©www.bday.co.za)

Coega project beset with pitfalls, says coalition
THE costs of constructing both the proposed Coega harbour and the industrial development zone (IDZ) have considerably increased since the initial impact assessments. This means that an entirely new cost and benefit analysis must be done for the harbour to reflect the devaluation of the rand, says a coalition group which opposes the development.
(©www.bday.co.za)

Coega harbour gets the green light
Johannesburg - Construction of the deep-water port at Coega in the Eastern Cape was given the green light yesterday when the National Ports Authority of SA confirmed that tenders would go out tomorrow.
(©www.busrep.co.za)

Talks about salt pan clog development project
Johannesburg - Anglovaal Industries (AVI) and the National Ports Authority (NPA) say talks between them over the sale of salt pans in the Coega estuary are continuing. The two parties are negotiating the sale to the NPA of salt pans operated by Cerebos Salts, an AVI subsidiary, to make way for the proposed port of Ngqurha (Coega).
(©www.busrep.co.za)

BHP-Billiton may build at Coega
Global resources group BHP-Billiton confirmed yesterday that it could build a $1,75bn aluminium anchor project in the Coega industrial development zone. Officials from the company have this week been in discussions with the trade and industry department and with Coega officials about the possibility of building a two-phased aluminium smelter similar to the Mozal I and II twin development in Mozambique.
(©www.bday.co.za)

Managing the risks of natural gas
“While natural gas is made up of 92% flammable methane it is a relatively safe gas if associated risks are managed properly,” says Martin Peet of Sasol at a conference held in Midrand at the end of last year.
(©www.engineeringnews.co.za)

AmCham is concerned at lack of SA investment
The American Chamber of Commerce (AmCham) in SA believes the reasons for lack of investment in SA go deeper than concern about the deteriorating situation in Zimbabwe, AmCham director Luanne Grant has reported to members. Grant, who late last year announced a programme to publicise the success of US companies in SA and how much they spent on social responsibility programmes, said that the relationship between the SA government and US business was at its best in six years.
(©www.bday.co.za)

Platinum Park moves to fourth phase
Platinum Park, an industrial site at Marconi Beam in Cape Town, is on the verge of entering its fourth phase of development. The launch of the fourth phase, on 2060m², will require confidence from the developers, Rabie Property Developers, in an environment characterised by oversupply. Developers say they have received the green light from the market to go ahead with planning, and building will begin this year.
(©www.bday.co.za)

PPC authorises share buy backs
Cement producer Pretoria Portland Cement (PPC) on Friday said it was negotiating the sale of its stakes in Natal Portland Cement (NPC) and Ash Resources. Speaking at the group's annual meeting, chairman Warren Clewlow said the sale would not materially affect earnings per share. At the meeting a special resolution was passed authorising directors to buy back PPC shares on the JSE Securities Exchange South Africa (JSE).
(©www.bday.co.za)

US investors flee from ghosts of asbestos
Viacom owns the CBS television network. Dow Chemical sells Saran plastic wrap. Minnesota Mining & Manufacturing introduced the Post-It Note. As diverse as these businesses are, their shares have been pummelled by mounting concern over their links to asbestos, a cancer-causing mineral. The effects have exposed them to lawsuits that investors say may dog them for years.
(©www.busrep.co.za)

Steel takes heat from liquidation
Johannesburg - The liquidation of one of the largest independent steel construction companies has sent ripples through the R3.5 billion a year industry, which has warned that its export efforts may be dampened. The Southern African Institute of Steel Construction said yesterday that the industry's largest independent company - Girder Naco - had been put into provisional liquidation.
(©www.busrep.co.za)

Will Rainbow make Saldanha shine?
Once-beleaguered Saldanha Steel, now part of Iscor, is set for a new era of success thanks to the implementation of Project Rainbow, including the relining of the Corex.
(©www.engineeringnews.co.za)

Four-pronged growth strategy
A four-pronged strategy developed by the Association of Steel Tube and Pipe Manufacturers of South Africa aims to increase industry sales of steel tube and pipe to 500 000 t in four years.
The organisation hopes to achieve this goal through increasing exports, combating imports, capturing growth opportunities and combating substitute products.
(©www.engineeringnews.co.za)

Eskom clears feasibility hurdles on road to novel nuclear reactor
Cape Town - Eskom has crossed the preliminary hurdles relating to its plans to build the world's first nuclear pebble bed modular reactor. The initial feasibility phase has been completed (at a cost of R500 million) and a detailed feasibility report is being reviewed by the investing parties. It has also been submitted for review to a 14-member panel of international experts appointed by the government.
(©www.busrep.co.za)

Aluminium product makers hurt by rand's big decline
The dramatic depreciation of the rand has had dire consequences for South Africa's aluminium-product makers, who are now paying upwards of 20% more for aluminium extrusions, after price increases in November and earlier this month.
(©www.engineeringnews.co.za)

Development corridor a boon for Pretoria
The Mandela Development Corridor (MDC) in central Pretoria will create a turnover of R1,8-billion a year for this inner-city area, as well as 9 000 job opportunities.
The project pivotal to the corridor's development is the Department of Trade and Industry's (DTI's) new campus-style head office, directly fronting the Apies River and Nelson Mandela Drive.
(©www.engineeringnews.co.za)

Engineering industry gears up for Gauteng bullet train
There is significant interest from the engineering industry in building and operating the proposed bullet train link between Johannesburg and Pretoria and Sandton and the Johannesburg International Airport (JIA), says project leader and Gauteng Public Transport, Roads and Works department head Jack van der Merwe.
(©www.engineeringnews.co.za)

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

Click here to register

HOUSING NEWS AND LAND ISSUES

PAC backs debate on land ownership
The Pan Africanist Congress (PAC) has welcomed an African National Congress suggestion that there should be a debate on land ownership. Yesterday PAC deputy president Motsoko Pheko said: "The truth is that a landless people is no nation. Land ownership is the basis for nationhood." Not long ago, President Thabo Mbeki had said the problem in SA was homelessness, not land. "The PAC rejected this erroneous view. Homes are not built in the sky or in the air, but on the land," said Pheko
(©www.bday.co.za)

Victims get R38m for land
One of the country's trickiest and challenging land claims was settled on Saturday at Cato Manor outside Durban at a cost of R38m. Deputy President Jacob Zuma and other high-ranking government officials attended the settlement celebrations, following tough negotiations for about six years between various parties. A total of 9132 victims of forced removals from places like Seaview, Mariannhill and Maritzburg were compensated at last for their loss decades ago under apartheid legislation.
(©www.bday.co.za)

SAB gives back R10.5m to province's poorest
Durban - Refuse-ridden informal settlements west of Pinetown are being cleaned up in a R1.9 million drive launched by SAB, which invests R10.5 million a year in social projects in KwaZulu-Natal.
(©www.busrep.co.za)

PRETORIA INSTITUTE OF ARCHITECTS - CPD COURSE - 22 FEBRUARY 2002
Are you equipped to handle the changing challenges of practice?

Join the team as, together, we learn to:

§ Confront and deal with the 'Work at Risk' phenomenon
§ Structure an efficient professional team
§ Aim at maximising profit in a fee reduction environment
§ Focus on a positive cash flow and reduce bad debts
§ Deal with threats from a contractor to stop work
§ Deal with defective design by a selected sub-contractor
§ Handle and evaluate claims for extension of time
§ Respond to claims for professional negligence

This crash course is presented by Eyvind Finsen and Eugene Barnard.

COST TO PIA & SAIA MEMBERS ONLY (incl. Documentation) R 250.00 + vat R 35.00 = R 285.00 *

COST TO NON-MEMBERS OF PIA & SAIA (incl. Documentation) R 500.00 + vat R 70.00 = R 570.00 *

CLOSING DATE FOR REGISTRATION : 14 FEBRUARY 2002 / Cancellations received after this date will be non-refundable. DELEGATES WHO REGISTER BEFORE 14-2-2002 WILL RECEIVE CPD CERTIFICATES OF ATTENDANCE ON THE DAY

For more information phone :
Michèle - PIA office (012-347-0680 tel. am)
or e-mail admin.pia@saia.org.za

NEWS FROM AFRICA

Big African Renaissance gathering
More than 300 delegates from African countries and abroad will attend the New Partnership for Africa’s Development (Nepad) workshop to be held from tomorrow to January 29.
This four-day workshop, taking place at the Kopanong Conference Centre, in Benoni, will be attended by delegates from business, government, non-governmental organisations (NGOs) and community-based organisations.
(©www.engineeringnews.co.za)

Eskom to work with Shell on Nigerian project
ABUJA SA's Eskom Enterprises and the Shell Petroleum Development Company (SPDC) have landed a $540m contract for the rehabilitation of a cluster of power plants in Rivers State, Nigeria, and the start-up of a fifth plant. Eskom will act as the maintenance and operations subcontractor to Shell for 15 years. The contract between the two, which is still subject to final negotiations, would cover the four existing Afam power plants as well as the new Afam V, which has just been built and is soon to be commissioned.
(©www.bday.co.za)

Kisangani feels effects of volcano
The repercussions of a volcanic eruption that partially destroyed this northeastern city have spread to the centre of Democratic Republic of Congo, a Red Cross official said yesterday. The several hundred thousand inhabitants of Kisangani, the Congo River port 520km northwest of Goma, faced a dangerous shortage of drinking water and food, said Walter Stocker, the country director in Congo for the International Committee for the Red Cross.
(©www.bday.co.za)

Nigeria to build world's biggest deepsea oil buoy
Abuja - The Nigerian Naval Dockyard in Lagos has won an order to build the world's biggest deepwater oil offloading buoy for Shell's Bonga development, one of Bonga's main contractors announced on Wednesday.
(©www.busrep.co.za)

Gaz de France to sign 20-year gas import deal with Egypt's LNG
Cairo - French gas company Gaz de France will buy a stake in an Egyptian LNG joint venture and sign a 20-year deal on Monday to import 3.6 million tonnes of liquefied natural gas a year, firms involved in the deal said.
(©www.busrep.co.za)

Bouygues/Saipem win Algeria $257m oilfield deal
Algiers - Algerian state-run oil and gas firm Sonatrach on Monday granted a consortium of Italian oilfield equipment maker Saipem and French construction firm Bouygues a $257-million oilfield development project.
(©www.busrep.co.za)

Zimbabwe targeted as seed oil hub
Johannesburg - Seed Oil Refinery SA (Sorsa) hoped to establish Zimbabwe as the next seed oil hub, with extensive seed oil plantations and its own seed oil refinery, the company said at the weekend.
(©www.busrep.co.za)

MINING NEWS

AngloGold: a lateral route
AngloGold's graceful withdrawal from the bidding for Australian gold miner Normandy raises more questions than it settles. If the world's largest gold producer cannot land a smaller company outside SA, what future role can it hope to play in the world gold industry's consolidation?
(©www.bday.co.za)

Anglo impact on Zambia probed
The International Monetary Fund says it is sending a team to Zambia to examine developments there after mining giant Anglo American pulled out of a troubled mining venture.
(©www.news24.co.za)

AngloGold looks to African mines
Company considering raising stakes in Mali, Tanzania, as part of growth plan. AngloGold, which last week took a knock when it lost takeover target Australia's Normandy mining to USbased Newmont, said it would consider building up its stakes in mines in Mali and Tanzania. Already, AngloGold owns a 40% stake in the low-cost Morila mine in Mali. Randgold Resources also holds 40% and the Malian government the remainder.
(©www.bday.co.za)

Three Free State shafts reopened
The new Harmony Gold/African Rainbow Minerals joint venture which took over four mines in the region from Anglogold, is to re-open three shafts which had been closed by the previous owners.
(©www.miningweekly.co.za)

Big gem sampling off Namibian coast
Canadian-listed marine-diamond explorer Afri-Can Marine Mining reports that its initial sampling programme off the Namibian coast was completed on schedule in December.
(©www.miningweekly.co.za)

US and Oz threaten SA's position as world's premier gold producer
South Africa's position as the world's premier gold producer could be threatened by countries such as the US and Australia as a result of the continued decline in gold production from local mines, reports the Department of Minerals and Energy.
(©www.miningweekly.co.za)

 
News flashes for Estate Agents and Homebuyers
 

Residential market is still a safe bet'
Local residential property remains an excellent hedge against the rand and inflation despite last week's percentage point increase in interest rates to 14%, says Eskel Jawitz Real Estate CEO Eskel Jawitz. His feeling that the interest rate move will have little effect on the residential property market, which has been improving since 1998, is shared by many in the industry. The general feeling is that interest rates are still low compared with levels seen during the past decade.
(©www.bday.co.za)

Bumper ‘season’ bodes well for Cape market
Cape Town’s prime tourist “season” – which officially ended with the reopening of Western Cape schools this week - brought a property sales boom which has estate agents predicting a record year for the city’s real estate market.
(©www.property24.co.za)

What's behind the 'foreign buyer' issue
Outrage, dismay and disbelief are the prevalent responses of property industry commentators to the ANC comment earlier this week that the advisability of allowing foreigners to purchase and own land in SA should be debated nationally.
(©www.property24.co.za)

Overcrowding threatens buildings
Overcrowding is causing SA's limited and aging rental stock to deteriorate rapidly, says Trafalgar CEO Neville Schaefer. When inner cities were exclusively white, tenants were predominantly empty nesters, alongside young singles or couples with one child the "newlyweds and the nearly deads". The general rule was a maximum of two people to a bachelor flat, three in a one-bedroom flat, four in a two-bedroom flat and five or six in a three-bedroom unit.
(©www.bday.co.za)

Online homeloan channel hots up
The swing towards electronic home loan origination is now really gaining momentum, with mortgage originators using the Internet-based Comcorp Online system to make more than R4-billion worth of home loan ap plications last year.
(©www.property24.co.za)

Expats snap up properties 'back home'
South African expatriates working in Britain are now often opting to put their pound earnings back into South African properties - with a view to eventually resuming permanent residence.
(©www.property24.co.za)

Don’t let rate increase blow you off course
Homeowners should not make hasty decisions to sell and prospective home buyers should not delay their plans in reaction to the interest rate increases announced last week.
(©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.

Insolvent estates: traps to avoid
Buying a home from an insolvent estate does have its attractions – not least of which is that the property can usually be obtained at an attractive price. But buyers should not let the prospect of a bargain cloud their judgement.
(©www.property24.co.za)

More growth on the cards for Homenet
Homenet, already the country’s biggest independent estate agency group, expects further growth this year as increasing numbers of local agencies seek to harness the power of a national brand.
(©www.property24.co.za)

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
 

Does Your Dog Bite? The Risks of Adopting a Project from the Pound
When you go to the pound for a dog, you have no indication of owner history, house training or temperament. Was he given up because he bit the kids, because he soiled the rug or because his owner died? The same is true when you step into a project started by someone else.
(©www.aepronet.org)

LEASE LANGUAGE: Secrets to managing your lawyer
Legal experts write about the ins and outs of lease negotiations.
For most shopping center owners and managers, litigation is like the typhoon that ravishes a remote country — unfortunate but far away. A well designed lease forestalls this possibility. Or at least tilts the playing field to your advantage should a disgruntled tenant pursue legal action.
(©www.industryclick.com)

Scope Change
We conclude the Project Magazine's series on scope management by discussing Scope Change Control. A well documented, formalised approach is needed, so they have included a PROJECTmagazine Change Order Register and Change Order Form for FREE download. Complementing the scope management series, Deanna Keahey describes 10 signs that show you have Self Inflicted Scope Creep.
(©www.projectmagazine.com)

 
Economic Indicators
 
The indicators as on
January 26 2002 at 12:15AM
This week
18/01/02
Rand/$
11.3670
11.4300
Rand/£
16.0047
16.4249
Rand/€
9.8347
10.1064
R150
11.370%
11.120%
Gold/oz
$279.20
$283.30
Gold index
1860.8
1971.4
JSE All Share
10268.1
10389.2

Closing prices:
BUILDING, CONSTRUCTION AND ENGINEERING

SA inflation seen rising
Johannesburg - Inflation data due next week will show price rises were flat in December, but the impact of the rand's plunge will feed through later in the year, making further rate rises likely, analysts say.
(©www.news24.co.za)

SA to get €15m windfall
Cape Town - The long-awaited wines and spirits agreement with South Africa's key trade partner, the Europen Union, will be signed in Paarl on Monday after nearly seven years of negotiation and haggling over the use of names such as sherry and port.
(©www.news24.co.za)

   
ASAQS News
   

Tribute - Hannes Bredenkamp
"As I write this it is Thursday, January 24th and I have just received word of the death of a very good friend in AACE and CEASA, Johannes M. (Hannes) Bredenkamp. Hannes was a very long time member of AACE and was the founder and first President of the Southern African Section of AACE and of the Cost Engineering Association of Southern Africa. He also served as Administrative Vice Chairman of the International Cost Engineering Council for four years and as Technical Vice Chairman for two years." To read the rest of this tribute by Kenneth K. Humphreys, click here.

Software selling fast
There are only a limited number of our bargain-priced software packages still available through the ASAQS Webshop. Don't delay. Rush to our online shop today!

Self improvement
Peter Murphy gives us 5 magnificent tips for Successful Meetings,
Ron Sathoff's tells us to Use an 'Inverted Triangle' in our presentation introductions.
(©www.projectmagazine.com)

Quantity Surveyors Required (UK)
Leonard Stace are a multi-disciplinary Group providing financial, construction and management services to the property and construction industry. We have opportunities in our Epping Essex and London offices for Graduate and Chartered Quantity Surveyors to be involved on a variety of quality projects.


New members to the CUG
A warm word of welcome to the following member who has joined us in the CUG during the past week:


Harold Pienaar
Amal Patel
Alton Zindela
Dr Cobus Brümmer
Linda Lodetti
Ellie van der Hoven
Paul Maré
Lourens van Tonder
Irwin Mkize

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

Did you hear?

Don't mess with the wife...

A man left for work one Friday afternoon. But it was payday, so instead of going home, he stayed out the entire weekend partying with the boys and spending his entire pay cheque.

When he finally appeared at home on Sunday night, he was confronted by his angry wife and was barraged for nearly two hours with a tirade befitting his actions. Finally his wife stopped the nagging and said to him, "How would you like it if you didn't see me for two or three days?"

He replied, "That would be just fine with me!"

Monday went by and he didn't see his wife.

Tuesday and Wednesday came and went with the same results.

But on Thursday, the swelling went down just enough where he could see her a little out of the corner of his left eye...



Change of e-mail address?
Do you wish to continue your subscription to the Weekend Property and Construction News? Then do the following :
1- unsubscribe your old e-mail address.
2- subscribe using your new e-mail address with our subscription box on the left.
The Weekend Property and Construction Newsletter is at present only available in HTML format.

© www.asaqs.co.za. All content belongs to the respective media companies as referred to in each summary. All other information remains the ownership of www.asaqs.co.za. All rights reserved.



Update Your Information

First Name:
Your profession


Subscribe to the Weekend Property and Construction Newsletter

First Name:
E-mail: Your profession

Subscribe:
Un-subscribe: