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Cheaper
buildings, poorer quality
THE increasing emphasis on price and fast delivery in the built
environment is threatening quality and safety says, Bill Copeland,
director of consulting group Binnington Copeland and Associates.
Copeland says there has been a visible lowering of standards in
the construction industry over the years, which can be linked to
fast tracking of construction and budgets that are too low for the
job in hand.
(©www.bday.co.za)
Building
of $28m fibreoptic plant put on hold
CAPE TOWN A plan to build a 28m environmentally sensitive fibreoptic
plant in Somerset West is on hold because AECI, which owns the land
for which plans were drawn up, has decided not to sell it to the
developers.
(©www.bday.co.za)
New
plans to develop foreshore sites in Cape Town
The property arm of Transnet, Propnet, has plans to develop the
foreshore of Cape Town that are designed to increase an already
booming tourism industry, and boost the infrastructure of the historic
Tavern of the Seas.
(©www.engineeringnews.co.za)
Mondi
SA's R2bn move not small beer for KwaZulu
MONDI SA's R2bn investment to expand its Richards Bay paper mill
is relatively small beer in the context of the diversified resources
group's global operation, adding revenues of about $58m over four
years to a firm that reported sales of more than $20bn last year.
(©www.bday.co.za)
Remedy
sought for broken promises
A lawyer seeks legislation to hold developers responsible for their
predevelopment promises to small tenants. CAPE TOWN lawyer Reid
Corin is taking the fight against the abuse of small commercial
tenants to another level by calling for legislative framework that
will guard against unfair trade practices in tenant/landlord relations.
(©www.bday.co.za)
Woman
contractor finishes revamp
PUBLIC Works Minister Stella Sigcau yesterday paid an inspection
visit to Johannesburg's Leeuwkop Prison where a R19m revamp project
by a black woman contractor has just been completed. The project
by Stephina Lindiwe Moloko of LS Construction is one of more than
75 projects amounting to about R188m which the public works department
has awarded to women-owned enterprises.
(©www.bday.co.za)
More
jobs created than shed last year
Johannesburg - Big business, the government and parastatals created
rather than shed jobs for the first time in five years in 2002 -
but four out of 10 South Africans still cannot find work or have
given up looking.
(©www.busrep.co.za)
Concor
linked to Zambian deportation of competitor
A battle over a stone quarry seemingly in the middle of nowhere
has seen a real-life David having to defeat his Goliath, again and
again.
(©www.busrep.co.za)
Cape
and Gencor settle asbestos claims but take no responsibility
Cape Town - While South Africans afflicted with asbestos-related
diseases will get some money from mine owners to compensate them
for their losses and suffering, there are no winners.
(©www.busrep.co.za)
Overstretched
municipalities fail in mission says think tank
Report casts harsh light on claims that government is closer to
the people. GOVERNMENT's plan to make municipalities a key player
in service delivery is foundering because of the inability of small
councils to fulfil their mandate, says a Johannesburg think tank.
(©www.bday.co.za)
Putco
plans move into other fields
PUTCO Properties is looking to diversify its interests through further
investment in industrial, commercial and residential property development
projects. This emerged from the group's interim financial statement
for the six months ended December released yesterday.
(©www.bday.co.za)
Masonite
dividend waived on volatile rand, global unease
DURBAN Industrial construction and building materials group Masonite
(Africa) has blamed the volatile rand and uncertainties surrounding
the war in Iraq for waiving its annual dividend to shareholders.
(©www.bday.co.za)
SA
property firm in bid to list in Namibia
WINDHOEK An SA property company, Cupar Holdings, has applied to
have its shares listed on the Namibian Stock Exchange. The exchange's
corporate communications manager, Jerome Kisting, confirmed that
Cupar had applied to list and the application would be considered
"shortly".
(©www.bday.co.za)
Petrol-driven
horses' planned for Gosforth
HORSEPOWER will return to Gosforth Park in August this year. This
will be in the form of petrol-driven horses oval-track racing cars,
dragsters, motocross motorcycles and quads. The horse racing facilities
have been bought for R18,5m by a consortium consisting of former
powerboat racer Peter Lindenberg, V8 specialist Jimmy Price, Colin
Lazarus the well-known Jaguar-Land Rover-Ford franchisee, long-time
motor enthusiast Don Panoz and Jan Johnston, wearing the marketing
hat.
(©www.bday.co.za)
A
triple tale of empowerment with very different endings
Success and partial success of MTN and Johnnic respectively, and
Nail failure, exemplify other efforts to date. THE history of black
economic empowerment in SA so far can be crystallised in the stories
of three high-profile, emblematic efforts an outright success, a
partial success and a disaster.
(©www.bday.co.za)
Richtersvelders
win victory in land rights battle
Court finds they are entitled to restitution Sapa BLOEMFONTEIN The
Richtersveld community has scored a victory in a legal battle to
regain their rights to a diamondrich stretch of land along SA's
west coast that is now being mined by Alexkor.
(©www.bday.co.za)
ApexHi
drops Fairvest assets bid
PROPERTY loan stock company ApexHi Properties has dropped its bid
to take out the assets of Fairvest Property Holdings. ApexHi withdrew
the cautionary relating to the proposed Fairvest transaction and
said it was now looking to acquire a small portion of properties
in the Fairvest portfolio.
(©www.bday.co.za)
Paramount
to phase out debentures after tough market hits distribution
THE use of B debentures to grow the property portfolio of Paramount
Property Fund has backfired, contributing to the reduction of the
group's distribution this year.As a result, the group has taken
a decision to discontinue the issue of these B debentures. "We
have now taken a decision that these B debentures will be phased
out in future," says MD Rodney Squire-Howe.
(©www.bday.co.za)
Fitch
upgrades Sappis ratings
International rating agency Fitch Ratings has upgraded Sappi Limited's
short- and long-term national ratings to 'F1+(zaf)' and 'AA-(zaf)'
(AA minus) respectively.
(©www.engineeringnews.co.za)
Regions
chemicals export market worth $3,8-billion
South Africa accounts for more than half of the Southern African
Development Com- munitys (SADC) chemicals market. A new Internet-based
database on Southern African markets, Chemissa, reveals that South
Africa is the dominant importer, producer and consumer of chemicals
in the region.
(©www.engineeringnews.co.za)
SA
corporate world increasingly renting its computer needs
Information technology (IT) trends and technological platforms are
ever-changing, prompting companies to revisit their IT spending
and opt for solutions that will manage IT obsolescence cycles, which
are shortening at a fast rate.
(©www.engineeringnews.co.za)
Trend
to outsource printing departments is on the rise
As South African companies become larger as a result of acquisitions
and mergers, it has become imperative to outsource in-house printing
departments, says Laser Facilities GM Konni Hoferichter.
(©www.engineeringnews.co.za)
Regrouped
company takes on new strategy
Sulphuric acid and sulphur-based chemicals manufacturer and distributor
Chemical Initiatives is doing things smarter, reports MD Steve Sackett.
A subsidiary of Chemserve, the company is identifying new markets
and is stripping costs out of its supply chain.
(©www.engineeringnews.co.za)
Research
project under way for safer plastics manufacturing
A research project on a new effluent-free process of pro- ducing
hydrotalcite from magnesite in South Africa is under way. Hydrotalcite
is an additive to plastics and is intended to replace toxic heavy-metal
salts currently used as heat stabilisers in plastics manufacturing.
(©www.engineeringnews.co.za)
New
outsourcing pattern emerging in labour market
A new trend has emerged in the labour market involving the deployment
of professional employer organisations (PEOs) that are replacing
labour broking and contracting.
(©www.engineeringnews.co.za)
Farmers
strike red gold in Namaqualand
Fifty-five small-scale farmers have struck red gold
in Namaqualand, in the Northern Cape Province. Not only have they
been allocated ten hectares of land each for the cultivation of
red paprika, but the Northern Cape provincial government has invested
R17-million (a 25% shareholding) in a state-of-the-art paprika factory
on their behalf. The R55-million factory, a joint venture between
the Northern Cape government, Gili Greenworld and Haymake Investments,
was opened in Springbok on March 6 by premier of the province Manne
Dipico.
(©www.engineeringnews.co.za)
San
to benefit from medicinal plant
THE spiny hoodia plant hardly looks like a star attraction. Although
the knee-high succulent has for generations been prized by the Kalahari
San for its medicinal properties, it only recently drew the attention
of the outside world.
(©www.bday.co.za)
Simulator
will train marine pilots
DURBAN The Port Academy of SA has commissioned a R10m shiphandling
simulator for its Durban training centre in a bid to alleviate the
shortage of marine pilots and tugmasters along the coastline.
(©www.bday.co.za)
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