Construction major Stefanutti Stocks sees slide revenue and total profit fall in the turbulent African and Middle Eastern construction and engineering markets.
Calgro M3, a residential property and memorial parks developer, has weathered a subdued operating environment in the construction industry to report significant growth.
Thanks to the slowdown in SA's construction sector since the boom leading to the 2010 Soccer World Cup, local companies are looking elsewhere in Africa for opportunities.
Top-level executives and heads from Africa’s leading infrastructure and construction companies and institutions met to discuss strategies to foster industrialisation at a special event held in Johannesburg.
Transnet received a major boost from credit rating agency Moody's, confirming the company’s solid financial standing and attractiveness of its portfolio of projects.
Thanks to Ivanplats, an Ivanhoe Mines company, together with on site project management and quantity surveying assistance from Turner & Townsend, the Lesedi Community Centre near Mokopane in Polokwane has undergone a complete refurbishment to the total tune of approximately R2 million.
While concerns have been raised about the Nelson Mandela Bay Municipality's intention to raise a loan of R3.1bn for infrastructure projects, it says it is confident the projects will generate money.
The 7.7% increase in cement sales volumes in 2015 to 13-million tons after a 0.8% drop in 2014 suggests a booming construction sector.
The New Development Bank (NDB) has approved its first set of loans worth US $811 million, which will go towards supporting renewable energy initiatives.
The construction of three much-needed health infrastructure projects commissioned by the Department of Transport and Public Works for the Western Cape Department of Health began on 14 April 2016.