Mace has released its latest tender cost update for Sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies.
Johannesburg, 01 June 2018, Consulting Engineers South Africa (CESA) is concerned about the 75% increase in irregular municipal expenditure, from R16, 212 billion in the previous year to R28, 376 billion in the year under review, as reported in the recent Auditor General’s report.
The cost of global construction is set to rise by 4.3 percent during 2018 compared to 4.1 percent in 2017, as developers face the challenge of continued shortages of relevant skills to deliver an increasing number of projects, according to new research from global professional services firm Turner & Townsend.
The completion of the R360 million Admin Craft Basin (ACB) in the Port of Ngqura has opened up opportunities for revenue growth in this young developing port. The new structure will be home to the port’s three tugs and one pilot boat soon, freeing up Berth C101, which was designed to handle revenue generating vessels.
With South Africa and Nigeria being Africa’s two biggest economies, the recent credit rating downgrades by global ratings agencies, will negatively affect both nations and hit Africa’s overall economic growth.
International ratings agency Standard & Poor’s (S&P) has affirmed its rating for Transnet’s long-term foreign currency at 'BBB-' and 'BBB+' for local currency, confirming the company’s resilience and attractiveness as an investment of choice.
Government and state-owned companies (SOCs) is set to spend R865.4 billion on public sector infrastructure, over the course of the next three years.
Speaking at the recent inaugural 2015 Infrastructure Indaba hosted by the Consulting Engineers South Africa (CESA), the Ekurhuleni Executive Mayor Councilor Mondli Gungubele said that Consulting Engineers are a critical partner in the developmental agenda of municipalities and that the mandate of local government can only be achieved sustainably if the technical fundamentals of the infrastructure provided are not flawed.