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wheel barrow

State tender delays hurt construction

Recent results from South Africa’s biggest construction firms have made it clear that delays in issuing large tenders are hurting the sector. At the root of the problem, it seems, is a lack of project management and engineering skills in...
Lanseria-Airport

South Africa: Lanseria Airport sold

Lanseria International Airport has been sold to a consortium of investors, it was announced on Thursday night. “A group of private investors who have owned and developed the Lanseria International Airport over the past 21 years have sold 100...
Francois Diedrechsen

Construction companies hit rock bottom

Photo:  Raubex’s financial and commercial director, Francois Diedrechsen Six months ago, most construction companies expressed hope that the worst of the prolonged building-sector recession was over. Today, few executives can offer a better...

PPP on low-cost housing project

The government is interested in using a private company to supply a large proportion of its low-cost housing, creating a public-private partnership with promise for South Africa. About 12 million people in South Africa do not have adequate formal...

Stefanutti optimistic despite downtime

Tenders were taking far too long to come to market and this was making it more difficult for businesses to plan their cash flows, Stefanutti Stocks CEO Willie Meyburgh said on the release of the company’s half-year financial results last Tuesday....