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Category: Construction News

14 November

Master Drilling Finds New Revenues as South Africa Struggles Master Drilling Group is a drilling technology solutions-based company that have expanded to delivering their services globally. Currently, the drilling company is moving away from business in South Africa due to their current economic struggles, and more towards endeavors outside of the country, including to new […]

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12 November

Government Urges ArcelorMittal to Sell Langebaan Steel Operation Instead of Shutting it Down ArcelorMittal has plans to close their steel plant in Saldanha, but instead, have been urged by the government to sell it to prevent damage inflicted on South Africa’s industrial capacity. The government is also cautious about decisions made in major corporations that […]

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06 November

What Happened to Cyril Ramaphosa’s R100-Billion Infrastructure Fund? If you’re actively involved in the construction industry, then you might have remembered President Cyril Ramaphosa announcing his plans to help move South Africa forward. Given that both 2018 and the first quarter of 2019 has displayed nearly two complete years of the construction industry contributing to […]

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06 November

Stronger Trade Agreements, Including Construction Materials, Between SA and Vietnam to Benefit Both Countries in the Future Vietnam’s Deputy Prime Minister, Dr. Vuong Dinh Hue, made his way to South Africa the past weekend to lead delegation to the country. The minister has also visited Nigeria and Cameroon before making his way to South Africa. […]

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05 November

The Topic Surrounding the Seizing of Land in South Africa without Compensation – Update A draft of the Expropriation Bill of 2019 was published on the 21st of December 2018. The Department of Public Works published the draft in the Government Gazette with the purpose to relay information to others, which includes the enabling legislation […]

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05 November

Phase Two of the Largest Housing Development for Students Currently Underway The biggest student housing project in South Africa to date has been designed and recently, has commenced with its construction phase. This project is being developed for the University of Fort Hare (UFH), a public university, and developed by STAG African, a student accommodation […]

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31 October

How the South African Government Can Help the Construction Industry The South African construction industry leads with some impressive projects that are both innovative and unique, setting the bar for nations abroad. Due to factors affecting the industry negatively, however, including poor economic growth, it requires a little more help to maintain itself and ultimately, […]

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28 October

Group Five’s Subsidiary Sale Allows the Enterprise to Save Many Jobs Thanks to a successful subsidiary sale of the Group Five Construction enterprise, up to 500 jobs were saved. The sale was made to Teichmann Group, a Mauritian construction enterprise. Group Five’s two main business rescue practitioners (BRP’s), David Lake and Peter van Steen, have […]

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22 October

Group Five Announces the Successful Sale of the Corporation’s Businesses to Teichmann Group Group Five has announced the successful sale of its own projects business to Teichmann Group, which serves as a positive highlight for the company, especially since they had to file for bankruptcy, being left to retrench countless construction employees, leaving a mark […]

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17 October

54% of Mining Jobs At Risk – Added Pressure on the Government to Protect Potential Mining Jobs Losses The mining sector has been South Africa’s leading sector and job creator, massively contributing to a positive and growing economy. However, now it is losing its number one spot, urging the government to take serious action to […]

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