The Master Builders Association (MBA) North has broadly welcomed President Ramaphosa’s vision of massive infrastructure spending as the “flywheel” of South Africa’s recovery from the COVID-19 crisis.
Both basic and headline earnings per share increased - by 24% to 2,05 cents and 6,8% to 2,15 cents, respectively - despite a drop in revenue to R666,3 million from R772,5 million this time last year.
Murray and Roberts will focus on three core sectors in future — underground mining, oil and gas, and power and water, says group.
While keeping the lights on, power utility Eskom has increased its full year profit to R4.6 billion.
Consulting Engineers South Africa (CESA) supports the clarion call to address institutional and regulatory barriers to business investment and growth, announced Finance Minister Pravin Gordhan during the Budget Speech.
Aveng Grinaker-LTA is making good progress on the construction of the Balance of Plant (BOP) mechanical works at the Kusile Power Station project, as per the contract that was concluded with Eskom in February 2011.
Civil engineers and contractors want to put forward concrete proposals to the government to reform infrastructure development processes and foster closer ties.
Hitachi Power Africa‚ which is contracted to construct boilers for the Medupi and Kusile power stations‚ must find a new 25% black empowerment partner within the next five months following the exit last month of the African National Congress's investment firm‚ Chancellor House.