Sybul Ngobeni

New Concor chief sees surge in issuance of large tenders as sign of possible construction turnaround

New Concor chief sees surge in issuance of large tenders as sign of possible construction turnaround 19th February 2020 By: Terence Creamer Creamer Media Editor ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE Font size: -+ Newly appointed Concor CEO Lucas Tseki believes the strong flow of tenders in the last quarter of 2019 could signal that …

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Construction industry under siege

Construction industry under siege   Armed gangs are increasingly invading construction sites across the country, harassing workers and threatening violence unless their employment demands are met. Databuild CEO Morag Evans believes that unless contractors take a firm stand against these so-called business forums, also known as the construction mafia, the scourge will only get worse. …

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Stefanutti Stocks secures additional short-term funding

Stefanutti Stocks secures additional short-term funding 19th December 2019 By: Mariaan Webb Creamer Media Senior Researcher and Deputy Editor Online ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE Font size: -+ Construction and engineering company Stefanutti Stocks has secured additional short-term funding of R227.5-million, the JSE-listed firm said on Thursday, noting that it remained in discussions with …

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National Treasury has to change its attitude towards public transport

Font size: -+ National Treasury has to change its attitude towards public transport, says Gautrain Management Agency CEO Jack van der Merwe. “If Treasury keeps on saying public transport is for the poor, we are dead. “Public transport are for the intelligent, for people who want to make a difference in the world.” Speaking at …

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Sanral: E-toll resistance gave us a bumpy ride

Sanral: E-toll resistance gave us a bumpy ride   28th November 2019 By: News24Wire SAVE THIS ARTICLE      EMAIL THIS ARTICLE Font size: -+ The South African National Roads Agency (Sanral) admitted to Parliament on Wednesday morning that it was partly to blame for the resistance to its electronic tolling system on Gauteng’s freeways – which has caused …

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Stefanutti Stocks appoints restructuring team amid interim losses

Stefanutti Stocks appoints restructuring team amid interim losses 28th November 2019 By: Simone Liedtke Writer ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE Font size: -+ A strategic restructuring team has been appointed to develop and assist with the implementation of detailed turnaround interventions for construction engineering company Stefanutti Stocks, including securing any requisite additional short- and …

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Gauteng government increase budget to fix infrastructure

Gauteng government increase budget to fix infrastructure   by Nombulelo Manyana | Nov 27, 2019 | Construction, News, Other infrastructure | 0 comments   The Gauteng Government has been allocated an additional R443million taking the initial budget up to 139.9billion for the 2019/20 financial year. Most of the additional budget will be spent on fixing …

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Sanral’s Alex van Niekerk resigns

Sanral’s Alex van Niekerk resigns 27th November 2019 By: Simone Liedtke Writer ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE Font size: -+   Alex van Niekerk has resigned as the South African National Roads Agency Limited’s (Sanral’s) planning, transportation and toll manager to pursue another career opportunity.   His last day will be February 28, at …

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Raubex’s interim performance improves following rightsizing efforts

Raubex’s interim performance improves following rightsizing efforts 11th November 2019 By: Tasneem Bulbulia Creamer Media Reporter SAVE THIS ARTICLE      EMAIL THIS ARTICLE Font size: -+ Infrastructure development and construction materials group Raubex is now in a better position to manage the lower volume of construction work available in the market and has maintained sufficient capacity …

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Infrastructure Fund project pipeline stands at R700bn, DBSA report

Infrastructure Fund project pipeline stands at R700bn, DBSA report   Photo by Creamer Media’s Dylan Slat 6th November 2019 By: Terence Creamer Creamer Media Editor SAVE THIS ARTICLE      EMAIL THIS ARTICLE Font size: -+ Development Bank of Southern Africa (DBSA) CEO Patrick Dlamini reported on Wednesday that a project pipeline valued at more than R700-billion …

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