Shares of Group Five plunge more than 14% on the JSE, as the construction company says annual profits will be sharply lower.
Over 30 professional bodies from around the world, including the Royal Institution of Chartered Surveyors (RICS), met at the International Monetary Fund (IMF) in Washington DC to launch a major initiative which seeks to create international standards in construction measurement.
The Department of Labour says it has found that the construction industry has a less than 50 percent rate of compliance to health and safety.
Swiss cement group Holcim and French rival Lafarge are to merge creating a dominant supplier of cement for concrete to the global construction industry.
Nuclear industry expert says the state and Eskom have not resolved where to get the R1-trillion needed for the nuclear build and may have to look at models using private capital.
Statistics South Africa (StatsSA) has announced that the seasonally adjusted real Gross Domestic Product (GDP) at market prices for the fourth quarter of 2013 increased at an annualised rate of 3.8 percent.
In his recent State of the Nation Address, president Jacob Zuma said, "In 2012 we unveiled the National Infrastructure Plan, led by the President through the Presidential Infrastructure Coordinating Commission.