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Listed contractors feeling the pinch as construction sector dynamics change

Listed contractors feeling the pinch as ...

A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa.With the first potential “casualty” possibly being seen in the downward spiral of Basil Read, Industry Insight senior economist David Metelerkamp on Wednesday said the past few years had seen the grip of South Africa’s large, listed construction firms on the construction market steadily eroding in a sector that was already facing tough times.With nearly 70% of the market value of the listed giants lost over the last ten years, the higher-end of the sector is feeling the most pain, he said during an AfriSam stakeholders breakfast session.Discussing...

A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa.With the first potential “casualty” possibly being seen in the downward spiral of Basil Read, Industry...

A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa.With...

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Raubex set to lead $240m Beitbridge facelift

Raubex set to lead $240m Beitbridge face...

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government launched the project following the signing of a 240m contract for the expansion of the border infrastructure, part of an ongoing push to turn SA’s busiest inland border post into a one-stop crossing.Construction costs are expected to total 170m, with the full cost coming to 240m, including transaction costs, Zimborders Consortium CEO Francois Diedrechsen said on Sunday. Zimborders is a group of Zimbabwean, South African and international investors, and financial institutions.The border post will be run as a public-private partnership between...

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government launched the project following the signing of a 240m contract for the expansion of the border...

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government...

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Saudi Arabia pledges to invest R133bn in South African energy sector

Saudi Arabia pledges to invest R133bn in...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest 10-billion about R133-billion in the country. This is expected to be invested in the energy and power creation sectors.Ramaphosa was received by Saudi Arabian Minister of African Affairs Mahomed bin Adullah Al-Kattan, at the King Abdulaziz International Airport in the Kingdom of Saudi Arabia.Ramaphosa met with King Salman bin Abdulaziz al Saud in the port city of Jeddah on Thursday. South Africa imports an estimated 47% of its oil from Saudi Arabia, and Pretoria regards the country as a strategic partner in the...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest 10-billion about R133-billion in the country. This is expected to...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when...

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