weekend 7 / 8 june 2014 circulation : exceeds 8,000 ......he said: "the first draft (draft #1)...
TRANSCRIPT
file:///C|/Users/Bert/Documents/My%20Websites/ASAQS/Weekend%20Property%20News/Past%20Issues/2014/070614.html[04-01-2015 22:26:00]
Click here to subscribe to our weekly newsletter
Weekend 7 / 8 June 2014Circulation : exceeds 8,000 subscribers
Property and Construction related articles featured on the Internet during the past week brought to you by ASAQS.Editor: Bert van den Heever
Click on the blue headline if you wish to read the full article on the Internet.Past issues of this newsletter can be found at http://www.asaqs.co.za/
LATEST NEWS
Quantity Surveyors in 4th spot on the most wanted list!"It's the government's Top 100 most wanted. These are not criminals. They're the sort of people who are really needed butjust can't be found.
This is the "National Scarce Skills List: Top 100 occupations in demand".
The list was released by Minister of Higher Education and Training Blade Nzimande a week ago. It's a draft and is openfor public comment until June 20." Reported The Star last Thursday.
These are the top 10:1 Electrical engineers2 Civil engineers3 Mechanical engineers4 Quantity surveyors5 Programme or project managers6 Financial managers7 Physical and engineering science technicians8 Industrial and production engineers9 Electricians10 Chemical engineers
Click here to read more.
Anglo American Bursary Programme 2015
Anglo American is looking to award bursaries to excellent performers who will be in their 2nd or 3rd year of study in 2015;students who can balance their studies and involvement in other activities such as campus societies, sport andcommunity organisations.
Preference will be given to candidates with an exceptional academic record who also participate in extracurricularactivities. We prefer to receive all applications via our online application process: By registering, you will be able tocomplete your application for this bursary.
Click here for more information and to register for the bursary programme.
ASAQS President has several high level talks
The President of the South African Association of Quantity Surveyors. Mr Onesimo Dhliwayo, recently met with theRegistrar of the SACQSP to discuss the rolling out of a new membership grade to cater for quantity surveyors incontracting. They also discussed how the ASAQS could collaborate and assist the Council in disciplinary matters.
Onie also met with representatives of the KZN Growth Coalition and with Dr. Letchmiah regarding the future and potentialof the Quantity Surveying Profession.
To read the full report click here
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Lecturer (2 posts)
The Department of Construction Economics & Management, which enjoys an international reputation in teaching andresearch in the fields of Quantity Surveying, Construction Management, Property Studies and Project Management, invitesapplications from suitably qualified persons for the post of Lecturer (appointment as soon as possible).
Please click here to obtain further instructions
Built Environment Professions Policy document published for comment
The Honourable Minister of Public Works has published in the Government Gazette a draft Policy document spelling outthe proposed future of the Council for the Built Environment (CBE) and the six Professional Councils. In summary, theproposal is to close and absorb the CBE into Public Works and the Professional Councils would report directly toPublic Works. The individual Professional Councils would retain their autonomy to regulate their individual professions.
According to Mr Steve Lyons, the Registrar at the SACQSP: "The proposal is a more efficient one than the currentstructure; however the cost of implementing the Public Finance Management Act (PFMS) will be costly and will haverepercussions on fees payable annually."
If you wish to make comment on the document please send an email directly to [email protected] with BEPPolicy 2014 in the subject field before 27th June 2014.
MAKE YOUR VOICE HEARD - E-MAIL YOUR COMMENTS RIGHT NOW!
To view the draft policy click here
Standard System 7 ready for comment
The Executive director of the ASAQS, Larry Feinberg, announced on Thursday that the new Standard System forMeasuring Building Work was now available on the ASAQS website.
He said: "The first draft (Draft #1) of our updated Standard System (7th Edition) is now available for comment to all of theASAQS’s members."
He called on members to participate in the finalisation of the document: "The draft has been made available on ourwebsite for all of our members to review. This is a golden opportunity to have your say on what changes you would like tosee being made, to what can only be described as a document of paramount importance within our profession. Click herefor more information.
New Council Appointments and New tier of Council registration
Click here to read the latest news from Council
Netspot : Innovative Concrete Shows Secret Patterns When Wet, Hot
"Just like ordinary concrete surfaces, it looks a tad dull and drag when dry … but put it in a place with condensation-producing heat, running water or natural rain and it reveals hidden decorative designs (that disappear again as it dries).
Conceived by Frederik Molenschot and Susanne Happle, it is a bit like the old bathroom mirror trick – the writing, picture orpattern appears and disappears with moisture content. On a humid day you might get partial glimpses of what would befully visible during a torrential downpour."
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Click here to find out more!(©dornob.com)
Acceleration Claims
Time is an overlying and vitally important factor in construction contracts. Commonly, contracted works will requirecompletion (or more commonly substantial completion) by a defined completion date. The contract may also includecharges associated with delay and potential bonuses for the early completion of works.
The development of a baseline programme is also a common feature of construction contracts and for good reason. Aclearly defined plan for the completion of works allows the employer to efficiently plan its production operations andforecast expenditure, whilst the contractor can efficiently plan its use of resources to optimise the construction process andmaintain healthy cash flow.
When a contractor’s work needs to be expedited to complete a particular work activity earlier than planned, or to overcomedelays in order to meet the original deadline (and where an extension of time is not appropriate), acceleration occurs. Clickto read on....
(©www.tieronecommercial.co.uk)
The 7th SACQSP Research Conference
The 2014 SACQSP Annual Research Conference is taking shape and will be a joint event with the ASAQS and hosted byTshwane University of Technology at the CSIR in Pretoria. The African Association of Quantity Survey and theInternational Cost Engineering Council have requested to be associated with this conference which is developing areputation for quantity surveying information excellence. The theme of this year's conference is " Quantity Surveying –Mapping the Future".
Diarise 22nd – 23rd September 2014. More details about the conference and bookings that are open can be found on theSACQSP website. The 2013 conference held in Cape Town was sold-out a week before the event – don’t lose out andface being turned away. Click here for more information.
Reminder of the next Continuing Professional Development (CPD) deadline
CPD is a lifetime commitment of continuous learning and it is not something to be done at the last moment every 5-years.CPD needs to be done and inputted into the SACQSP administration system annually. Persons registered as a PrQS
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during 2008 had their 5-year cycle close on 31st January 2014, thereafter an extension of further 60-days was grantedprior to their registration being suspended. 182 PrQS’s were formally de-registered 12th July 2013 for non-compliance atthe end of the 2013 CPD audit. Please don’t add yourself to the 2014 statistics. Please click here to read on...
ANNOUNCEMENT OF FORTHCOMING CONGRESSES / CONFERENCES
In order to assist members to plan their diaries this year in terms of forthcoming congresses and conferences they maywish to attend, we publish the preliminary dates of some of these congresses for your attention.
Members are encouraged to plan ahead and to support these conferences/congresses.
The 18th Pacific Association of Quantity Surveyors Congress, PAQS 2014
The 18th Pacific Association of Quantity Surveyors Congress, PAQS 2014, will be held in the vibrant city of Hong Kong,PRC from Saturday 7 to Tuesday 10 June 2014. The theme of PAQS 2014 is:
“Think Outside the Box; Meet New Challenges”
It gives us great pleasure to announce that the international call for paper submission is now open. The timetable is asfollows:8 November 2013 : Call for Abstracts 13 December 2013 : Submission of Abstracts Closes10 January 2014 : Acceptance of Abstracts14 March 2014 : Full Papers Submission14 April 2014 : Completion of Paper Reviews16 May 2014 : Final Papers Submission
For further information about the Congress and the excitements that await you in Hong Kong, please visit our website:www.paqs2014.com. Submission of abstracts and papers will be handled on-line in the website through designated usersaccounts.
Any enquiries may be addressed to:[email protected] (general enquiry)[email protected] (registration / paper submission / hotel accommodation)
Looking forward to welcoming you in Hong Kong in June 2014.
Green Building Conference 2014The energy crisis is not going away – it’s going up the value chain! Book Your 2014 Seat. Join international builtenvironment experts and designers Dr Elizabeth Farrelly of Australia and Alberto Kalach of Mexico along with a host ofleading African and South African green building experts to share knowledge and best practice. 17 / 18 June 2014Cape Town International Convention Centre(©www.alive2green.com)
DRBF Regional Conference & Workshop - Lima, Peru
Dispute Boards are recognized worldwide for their effectiveness in the real time avoidance and resolution of disputes onmajor projects. Embraced by government agencies, private owners, and multilateral development banks, Dispute Boardsensure project success through significant decreases in costs and time overruns. Results have shown that on projectswith DBs, 98% of disputes were settled without arbitration or litigation.
When: Wednesday, July 16, 2014 - Thursday, July 17, 2014Where: Westin Lima Hotel and Convention Center
Click here for more information
The 7th Annual Green Building Convention set to take place in Cape Town
What you get :
Banner adverts on the ASAQSwebsite - about 1,000,000hits/month!
A Mini-ad on the ASAQS websiteand on the Weekend Property andConstruction News - 5,300+subscribers
Preferential exposure of yourproducts and services
Targeted marketing at onlyR484.50 (inclusive) per month
Don't wait, we only have a limitednumber of slots left. To make useof this opportunity contact Bert vanden Heever the ASAQSWebmaster.
Please note that the ASAQSweb shop is on line 24/7 for allyour document requirements.
National Building Regulations andBuilding Standards Act, 1977 (Act
103 of 1977)
The Project ManagementCalendar
View local and international eventson the project managementcalendar as listed by ProjectPro.
Virus or Hoax?
In case you ever receive an e-mailcontaining a virus warning pleasecheck carefully whether it refers toa real virus or a hoax. Usually e-mail warnings encouraging you toforward the information to all andsundry are hoaxes. You can makesure by visiting the Virus or Hoax?
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The leading green building event in South Africa - the 7th Annual Green Building Convention brought to you by the GreenBuilding Council of South Africa - is set to take place at the Cape Town International Convention Centre from 10 – 12September 2014.(©www.eprop.co.za)
ICEC 2014 IX World Congress - Re-Engineering Total Cost ManagementMilan, Italy, 20, 21, 22 October 2014Call for Papers - Second Announcement
EMPLOYMENT CORNER
EMPLOYMENT OFFERED
Senior Quantity SurveyorThe Senior Quantity Surveyor is required to manage and deliver the building and construction related projects timeouslyfrom Stage 1 - 6. Browse to the Career Centre for more information.
Lecturer - Post 2The Department of Construction Economics & Management, which enjoys an international reputation in teaching andresearch in the fields of Quantity Surveying, Construction Management, Property Studies and Project Management.Browse to the Career Centre for more information.
Lecturer - Post 1The Department of Construction Economics & Management, which enjoys an international reputation in teaching andresearch in the fields of Quantity Surveying, Construction Management, Property Studies and Project Management.Browse to the Career Centre for more information.
Intermediate Quantity Surveyor3-5 years on-site experience within a contracting firm on large construction projects. Browse to the Career Centre for moreinformation.
Building EstimatorMy client is a building and civil engineering construction company established in 1986. Browse to the Career Centre formore information.
Senior Quantity SurveyorAPPLICANTS MUST HAVE A MINIMUM OF 15 YEARS EXPERIENCE WITH VAST EXPERIENCE IN COMMERCIALPROJECTS. Browse to the Career Centre for more information.
Quantity Surveyor - Property Development CoThis is an opportunity not to be missed if you are seeking a long term career in a property development organisation.Browse to the Career Centre for more information.
Quantity SurveyorDelQS is a professional quantity surveying practice with offices in Johannesburg and Pretoria. Browse to the CareerCentre for more information.
Quantity SurveyorA Professional Quantity Surveying firm in the west rand, mainly focusing on commercial projects throughout South Africa,has an opportunity/vacancy for a Quantity Surveyor to join the team. Browse to the Career Centre for more information.
Professional Quantity Surveyors – PrQS / MRICS - Qatar - Contract PositionsQuantity Surveying consulting practice based in Doha, State of Qatar, urgently requires Professional Quantity Surveyorsfor various major projects. Browse to the Career Centre for more information.
Junior Quantity SurveyorA Professional Quantity Surveying firm in the west rand, mainly focusing on commercial projects throughout South Africa,has an opportunity/vacancy for a Junior Quantity Surveyor to join the team. Browse to the Career Centre for moreinformation.
Junior QSOnly graduates from University of Pretoria or Orange free state and registered as QS in training need to apply- noncompliance to this will disqualify you automatically. Browse to the Career Centre for more information.
Quantity SurveyorAurecons Resources and Manufacturing Unit are currently sourcing for QS for various projects in and around SouthAfrica. Browse to the Career Centre for more information.
Quantity Surveyor
web site or by visiting the hoax liston Symantec
Be an informed Internet user andcheck the facts before forwardingan e-mail hoax to others!
Get to grips with building terms byclicking here.
Squawks" are problem listings thatpilots generally leave formaintenance crews to fix before thenext flight. Here are some squawkssubmitted by US Air Force pilotsand the replies from themaintenance crews.(P) = Problem(S) = Solution
(P) IFF inoperative (S) IFF always inoperative in OFFmode (IFF-Identification Friend orFoe)
Numbers:10,000The average amount of caloriesburnt daily by the sled dogs runningin Alaska's annual Iditarod race
As a crowded airliner is about totake off, the peace is shattered by a5-year-old boy who picks thatmoment to throw a wild tempertantrum. No matter what hisfrustrated, embarrassed motherdoes to try to calm him down, theboy continues to scream furiouslyand kick the seats around him.Suddenly, from the rear of theplane, an elderly man in theuniform of an Air Force General isseen slowly walking forward up theaisle. Stopping the flustered motherwith an upraised hand, the white-haired, courtly, soft-spoken Generalleans down and, motioning towardhis chest, whispers something intothe boy's ear. Instantly, the boycalms down, gently takes hismother's hand, and quietly fastenshis seat belt. All the otherpassengers burst into spontaneousapplause. As the General slowlymakes his way back to his seat,one of the cabin attendantstouches his sleeve. "Excuse me,General," she asks quietly, "butcould I ask you what magic wordsyou used on that little boy?" Theold man smiles serenely and gently
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This dynamic busy practice requires a university graduate to join our team. Browse to the Career Centre for moreinformation.
Pr.QS head of practice Gauteng areaA Cape town based QS practice, running for 30 years wish to expand to the Gauteng area. Browse to the Career Centrefor more information.
SENIOR QUANTITY SURVEYORAPPLICANTS MUST HAVE AT LEAST 15 YEARS EXPERIENCE WITH A STRONG LEANING TOWARDS THECOMMERCIAL SECTOR. Browse to the Career Centre for more information.
Junior QSA large corporate requires a junior QS/ Contracts QS to monitor the implementation of a civil and building project inZambia. Browse to the Career Centre for more information.
Quantity SurveyorsVacancies exists for two Quantity Surveyors, based at Life Head Office. Browse to the Career Centre for more information.
Junior Quantity SurveyorGeneral QS duties. Measuring using WinQS. Fluent in English. Browse to the Career Centre for more information.
QUANTITY SURVEYORFAST GROWING KZN BASED BUILDING CONTRACTOR REQUIRE’S SERVICES OF FIXED TERM QUANTITYSURVEYOR WITH POSSIBILITY OF PERMANENT APPOINTMENT. Browse to the Career Centre for more information.
QS in TrainingA candidate currently doing his/her Honours degree. Browse to the Career Centre for more information.
Pr QSA PrQS with a minimum of 10 years experience is required for our medium size QS firm. Browse to the Career Centre formore information.
Junior Quantity SurveyorA reputable PQS firm currently has an exciting opportunity for a Junior Quantity Surveyor to be based in Cape Town.Browse to the Career Centre for more information.
Intermediate/Senior QSPQS practice in Windhoek, Namibia urgently looking for QSs with PQS background; should be fully conversant withWinQS. Browse to the Career Centre for more information.
Estimator Tender preparation and submissions. Prepare and submit all prequalification documentation accurately. Browse to theCareer Centre for more information.
SEEKING EMPLOYMENT
Junior Position RequiredI am looking for a Jnr position whilst I'm studying part time towards my Diploma in Quantity Surveying and ConstructionManagement. Browse to the Career Centre for more information.
Senior Quantity Surveyor/ Project ManagerI have more than 15 years international work experience as Surveyor/Project Manager. Browse to the Career Centre formore information.
Junior Position RequiredI am looking for a Jnr position whilst I'm studying part time towards my Diploma in Quantity Surveying and ConstructionManagement. Browse to the Career Centre for more information.
Candidate (Jnr) Quantity SurveyorBernard Claassen. I am searching for a PrQS Company where I can build a future and expand my experience as a PrQS.Browse to the Career Centre for more information.
Graduate Quantity SurveyorI am a Bsc Construction Economics degree holder currently enrolled for Bsc Honors Quantity Surveying. Browse to theCareer Centre for more information.
Candidate Quantity Surveyor Riain O'Connell. Junior Quantity Surveyor, Tempani Construction (Pty) Ltd, March 2014 - Present. Browse to the CareerCentre for more information.
Junior/training Quantity surveyor
confides, "I showed him my pilot'swings, service stars, and battleribbons, and explained that theyentitle me to throw one passengerout the plane door on any flight Ichoose."
The laws of golf
LAW 10: Sand is alive. If it isn't,how do you explain the way itworks against you?
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Aisha. I am looking for a reputable firm to learn and acquire more knowledge on quantity surveying in Johannesburg.Browse to the Career Centre for more information.
2nd year student looking for in-service trainingNontembiso Daisy Mkhize. I am a highly motivated person. Browse to the Career Centre for more information.
CALENDAR
10 June 2014
FIDIC Plant Design YELLOW BOOK for CONTRACTORSTime: 08:30Where: Johannesburg, GautengInformation: FIDIC Plant Design YELLOW BOOK for CONTRACTORSContact: Norah ([email protected])
11 June 2014
JBCC Principal Building Agreement Edition 6.1 combined with JBCC N/S Subcontract Agreement Ed 6.1Time: 08:00Where: Durban, KwaZulu NatalInformation: Working knowledge of JBCC agreements and forms. Administer JBCC agreements competently. Maximiseproductivity, minimise claims for delays and costs overruns.Contact: Allison Kuhn ([email protected])
11 June 2014
SANS 10400XA Refresher courseTime: 08:00Where: Johannesburg, GautengInformation: A full day Refresher Course on the SANS10400XA - Energy Usage in Buildings Contact: Emily Khemisi ([email protected])
11 / 12 June 2014
Delay Disruption & Extension of TimeTime: 08:00Where: Pretoria, GautengInformation: Regardless of who or what the causes are, delay and disruption can wound and sometimes kill a project. Thegoal of risk management is to identify all project risks (both positive and negative) and to assist in developing proactivestrategies of response.Contact: Norah ([email protected])
18 June 2014
Commercial Contract Drafting for Non-Legal ProfessionalsTime: 08:30Where: Johannesburg, GautengInformation: Commercial contracts are essential in business. So, the ultimate prize is to be able to draw-up a detailed andwatertight contract that can foresee and provide for any possible scenario.Contact: Faith ([email protected])
23 / 24 June 2014
Construction Claims Time: 08:30Where: Johannesburg, GautengInformation: Claims are part of almost EVERY construction project. So, this training course has been specificallyresearched and developed to allow you to see first-hand perspectives of the real world of construction claims.Contact: Faith ([email protected])
24 June 2014
Contract Comparisons - FIDIC, NEC, JBCC, GCCTime: 08:00Where: Johannesburg, GautengInformation: While South African construction professionals may, in the past, have "got by” with a knowledge of our localconstruction contracts such a knowledge is no longer sufficient.Contact: Norah ([email protected])
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24 / 25 June 2014
NEC 2 day SeminarTime: 08:00Where: Rondebosch, Cape TownInformation: This seminar will look initially at contract strategy from the perspective of main Contractor/Sub contractorappointment.Contact: Norah ([email protected])
26 June 2014
The Principal Agent: Roles & ResponsibilitiesTime: 08:00Where: Pretoria, GautengInformation: This workshop focuses on the professional as principal agent. We consider the functions, authority and liabilityof the professional when he is acting as the employer’s agent under a construction contract.Contact: Norah ([email protected])
Construction unions urge World Cup stadium builders to protestGENEVA - International unions on Thursday called time on what they say is the systematic exploitation of workers whopay with their lives to build stadiums for sporting showcases such as the World Cup.(©www.sacommercialpropnews.co.za)
Debunking an ageing male-dominated construction industryThe global construction industry has always been dominated men. However, times are changing in South Africa and PPCLtd’s Zimkhitha Zatu believes that people will be surprised by how much the local industry has changed its view on femaleemployees.(©www.concrete.tv)
Master Builders Solutions® launched in South AfricaBASF has launched the Master Builders Solutions® brand in South Africa. The brand strengthens BASF’s industryorientation: It stands for BASF’s commitment to provide the whole construction industry with tailored products andsolutions.(©www.concrete.tv)
Eskom report paints bleak power supply pictureAs maintenance work at Eskom plants is reduced to ensure electricity supply, South Africa’s power system will remaintight this winter, the company’s acting CEO Collin Matjila said on Thursday.(©www.sacommercialpropnews.co.za)
Sanlam revamps prominent commercial buildings in SandtonEnsuring the long term viability and competitiveness of commercial property in the Sandton office market has seen therecent revamp of two prominent office buildings owned by Sanlam Life Insurance and asset managed by Vukile PropertyFund.(©www.eprop.co.za)
Alice Lane in SandtonA sod-turning ceremony was hosted by Abland and Bowman Gilfillan at the end of March 2014 to commemorate thecommencement of construction on the Bowman Gilfillan.(©www.cipn.co.za)
Witkoppen road to undergo R52m upgradeGauteng MEC for Roads and Transport Ismail Vadi on Thursday announced that Witkoppen road, in Gauteng, wouldreceive a R52-million upgrade over the course of this year.(©www.engineeringnews.co.za)
Lanseria Corporate Estate forges ahead with first phase nearly sold outPrime land in extent of 240 000sqm has already been sold in the first phase of Lanseria Corporate Estate, which hasspurred the pace of development in this secure industrial and office estate.(©www.eprop.co.za)
Planning on four Gautrain expansion routes kicks offThe request for proposals (RFP) for the preliminary design of four possible expansion routes to the 80 km Gautrain systemcloses today, says Gautrain Management Agency (GMA) CEO Jack van der Merwe.(©www.engineeringnews.co.za)
R80 million development in DurbanNedbank Corporate Property Finance has provided funding of R80 million for a new mixed-use commercial developmentat Durban’s Point Waterfront.
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(©www.property24.com)
New university uses CorobrikA blend of 100 000 Corobrik nutmeg piazza and onyx pavers have been used to create an iconic public square -measuring 3 000 m² - that forms part of the first phase of the new Sol Plaatjie University development in Kimberley.(©www.cipn.co.za)
Nedbank Corporate Property Finance injects R32m into state of the art Oncology facilityConstruction on the second phase of a successful medical facility in Paarl, due for completion in September this year, hascommenced and will comprise a state of the art oncology centre and sub- acute facility.(©www.eprop.co.za)
Cape Town CBD property value to rise to R27bn by 2020It was estimated that the value of property in the Cape Town central business district (CBD) would increase to R27-billionby 2020 as much development was taking place in the Foreshore area, bringing it in line with the rest of the central city’sgrowth trajectory, Cape Town Central City Improvement District (CCID) chairperson Rob Kane said earlier this week.(©www.engineeringnews.co.za)
Cape Town’s R1.6bn skyscraper displays towering ambitionThe recent completion of Portside, a 32-floor office tower, marks the first high-rise to hit the Cape Town skyline in 21years, and could prompt the building of more iconic, high-rise developments in other inner cities, architects and observerssay.(©www.sacommercialpropnews.co.za)
South Africa’s US$46.54m Zeitz Museum to be completed in 2016The Waterfront’s historical grain silos in Cape Town will undergo an estimated US$46.54m transformation into apermanent home of Zeitz Museum of Contemporary Art Africa (MOCAA). (©www.constructionreviewonline.com)
Nearly 500 Group Five workers on strikeNearly 500 members of South Africa's Nation Union of Mineworkers have gone on strike at building firm Group Five forhigher wages and reduced hours.(©www.concrete.tv)
Redefine, Annuity given Merger Green LightRedefine Properties' purchase of R2.1 billion takeover of Annuity Properties, has been approved by the CompetitionCommission and unitholders today.(©www.sacommercialpropnews.co.za)
Portfolio potential helps lift Dipula distributionsPROPERTY loan stock company, Dipula Income Fund yesterday reported distribution growth of 5% for A linked units and8.5% for B linked units for its six-month period ended February 2014.(©www.sacommercialpropnews.co.za)
Freedom Property Fund heads for the JSEFreedom Property Fund, whose asset base valued at R1,56 billion in the office, industrial and residential sectors, aims tolist on the JSE in the next few weeks with a market capitalisation of about R1 billion.(©www.sacommercialpropnews.co.za)
Growthpoint Properties in rights issue to top up reservesSA's largest listed real estate firm, Growthpoint Properties on Wednesday said it would follow its rights in GrowthpointProperties Australia’s (GOZ) rights issue, which plans to top up reserves for new acquisitions.(©www.sacommercialpropnews.co.za)
Emira Property Fund has 7.5% of 'target'Listed property loan stock company, Emira Property Fund says it is set to increase its growth in distribution per share to7.5% for its full year to 30 June 2014.(©www.sacommercialpropnews.co.za)
Emira’s PI repurchase programme continues to benefit distributionsEmira Property Fund, a JSE Securities Exchange-listed South African real estate investment trust (REIT), recentlyconcluded a R114,6 million participatory interest (PI) buyback of 8,54 million PIs at an average of R13.41 per PI, whichincluded the distribution of 59,31 cents paid to PI holders in March 2014.(©www.cipn.co.za)
Gooderson posts 6.5% rise in dividendsGooderson Leisure Corporation, on Thursday last week reported an increase in its dividends for the year to March of 6.5%to 1.875c per share.(©www.sacommercialpropnews.co.za)
Fortress Property Income Fund boosts offshore armFortress Property Income Fund (FFB‚FFA) is strengthening its offshore property exposure and has subscribed foradditional shares in AltX-listed Rockcastle Global Estate.(©www.sacommercialpropnews.co.za)
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Frasers Centrepoint R25bn cash offer for AustralandSingapore developer makes a surprise AUD$2.59 bn cash offer for Australia's Australand, as a bidding war breaks out.(©www.eprop.co.za)
EMPLOYMENT CORNER
Need construction personnel? The best way to advertise your vacancies are in the Career Centre section on the ASAQSwebsite - it's absolutely FREE! Adverts submitted to the Career Centre are also included in this newsletter. We also have anumber of employment consultancies as sponsors, please see their adverts at the top of this newsletter.
Atterbury to open eight shopping centres in eight monthsEight of Atterbury's ambitious retail projects are coming to fruition in 2014.(©www.eprop.co.za)
Emira Property Fund R540m Wonderpark Shopping Centre expansion now tradingThe second-phase of JSE-Listed Emira Property Fund's massive R540 million expansion of its flagship WonderparkShopping Centre in Pretoria has opened to the public.(©www.eprop.co.za)
McCormick Property Development to Launch Hawker City in Dwarsloop, MpumalangaRetail development specialists, McCormick Property Development (MPD), are developing their largest CSI development todate in the town of Dwarsloop in Mpumalanga.(©www.eprop.co.za)
Mudbricks much stronger than Concrete used at Tongaat MallA commission of inquiry investigating the Tongaat Mall disaster, on Wednesday heard that mudbricks were stronger thanthe concrete used in the construction of the collapsed section.(©www.sacommercialpropnews.co.za)
Retail Property maintains momentum despite subdued economic growthWhen the going gets tough – the tough go shopping! This often used levity expression currently has a ring of truth to it asfar as South Africa’s retail property market is concerned.(©www.sacommercialpropnews.co.za)
Reconfigured shoppingShopping centres are reconfiguring to meet changing customer requirements. In terms of everyday items like food, CedricBra, a retail analysts at Euromonitor International, says that despite a very developed and competitive retail landscape,South Africa lags behind in online grocery retailing and will need to at least double internet usage before it sees a rise ine-commerce.(©www.cipn.co.za)
Construction under way at Mall of Tete in MozambiqueMcCormick Property Development (MPD) have laid the foundation for their journey into Africa with the commencement ofconstruction of their first development in the Tete province of Mozambique. (©www.eprop.co.za)
a.b.e. waterproofing specs now on REVIT softwareTo assist the architecture and engineering professions using the latest generation of REVIT design software, a.b.e.Construction Chemicals has preloaded the specifications for all its waterproofing products into a REVIT file.(©www.concrete.tv)
Fall House by Fougeron Architecture steps down a cliff sideSan Francisco office Fougeron Architecture has designed a house in California that steps down the side of a cliff andprojects over the edge. (©www.dezeen.com)
Modulorbeat creates One Man Sauna inside a stacked concrete towerGerman architecture collective Modulorbeat stacked concrete components normally used for mine shafts to create a towerhousing a tiny sauna on the outskirts of the city of Bochum.(©www.dezeen.com)
Copper-clad ParkArk houseboat by BYTR Architects floats on a Dutch canalCopper panels and local timber clad the exterior of this houseboat in the Netherlands by BYTR Architects, which ismoored beside a wooded parkland(©www.dezeen.com)
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GREAT BUILDINGS:
Horatio West Court, by Irving Gill, at Santa Monica, California, 1919.(©www.greatbuildings.com)
Inspire 2014!10-12 July 2014 - Gallagher Convention Centre :: Furniture + Decor + Design :: You're Invited… With little over two months to go to what promises to be the most exciting trade show the country has seen, things keepgaining momentum.(©www.designmind.co.za)
2014 UIA Congress to Be Held in Durban on the Twentieth Anniversary of South Africa’s RebirthDiscover how The UIA Congress will celebrate the African architects and the continent’s contribution to global architecture.The event to be held from 3rd - 7th August 2014 in Durban will take place on the twentieth anniversary of South Africa’srebirth. Architects, engineers, designers, technologists, planners, writers and the general public will gather for a week todiscuss the challenges facing construction in Africa.(©www.designmind.co.za)
EMPLOYMENT CORNER
Snr Architectural Technoligist - Sandton Due to long term strategic planning, this prestigious, busy practice with international and local projects requires a standalone, technologist who understands how a building is put together. Browse to the Career Centre for more information.
Need architectural personnel? The best way to advertise your vacancies are in the Career Centre section on the ASAQSwebsite - it's absolutely FREE! Adverts submitted to the Career Centre are also included in this newsletter. We also have anumber of employment consultancies as sponsors, please see their adverts at the top of this newsletter.
Both Sides NowWhat do you do when your team’s view is at odds with your organization’s perspective? It would seem like a no-winsituation for even the most experienced project managers, but it can be an opportunity to demonstrate true leadership.Here are three steps to diffusing the conflict and providing value.(©www.projectsatwork.com)
EMPLOYMENT CORNER
Need Project Managers? The best way to advertise your vacancies are in the Career Centre section on the ASAQSwebsite - it's absolutely FREE! Adverts for Project Managers submitted to the Career Centre are also included in thisnewsletter. We also have a number of employment consultancies as sponsors, please see their adverts at the top of thisnewsletter.
Digital tool to help structural engineers with steel connectionsThe Southern African Institute of Steel Construction (Saisc) is hoping to revolutionise the steel construction industrythrough digital development using its new Connections eToolKit, which was launched at a media briefing, in Johannesburg,last month.(©www.engineeringnews.co.za)
AfriSam establishes ready-mix plant in Saldanha Bay IDZMaintaining a presence close to its burgeoning customer base has led cement provider AfriSam to establish a ready-mixcement plant in the Saldanha Bay industrial development zone (IDZ).(©www.engineeringnews.co.za)
Protech embarks on voluntary business rescueA R40-million nonpayment from a debtor and a lack of funds to pay its own immediate bills has led financially distressedJSE-listed Protech Khuthele to lodge an application for business rescue. The civil engineering and construction companyfell into the red during the financial year ended February as its project in the Democratic Republic of Congo (DRC)hampered performance, with the group expecting a loss a share of between 23c and 27c and a headline loss a share ofbetween 24c and 28c.(©www.engineeringnews.co.za)
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Lossmaking projects drag down Esor’s year-end resultsJSE-listed Esor aims to bounce back in a tough market with a higher-value order book and a revamped civils unit, aslabour unrest and legacy contracts pushed earnings into the red during the year to February 2014. The civils andconstruction company posted a headline loss a share of 11.3c during the 12 months under review – a 155% dropcompared with headline earnings a share of 20.5c reported the year before, while earnings a share deteriorated from23.5c in 2013 to a loss a share of 43.5c in 2014.(©www.engineeringnews.co.za)
Company expands its composites portfolioUS-based chemical company Dow expanded its composites portfolio in March, with the Voraforce 1100 series ofpolyurethane systems developed for composites fabrication by filament winding, to enhance the existing epoxy systemsoffering, says Dow marketing manager Francesca Pignagnoli. The high-performance series enables continuousreinforcement and manufacture of cylindrical and conical structures, as found in power and transmission poles, and offersenhanced toughness and robustness, while enabling easy installation and maintenance, she explains.(©www.engineeringnews.co.za)
EMPLOYMENT CORNER
Need engineers? The best way to advertise your vacancies are in the Career Centre section on the ASAQS website - it'sabsolutely FREE! Adverts for Engineers submitted to the Career Centre are also included in this newsletter. We also havea number of employment consultancies as sponsors, please see their adverts at the top of this newsletter.
Report says Egypt’s real estate market on road to recoveryDisruptions to Egypt’s real estate market as a result of the country’s economic and political instabilities are set to wane bylate 2014 and 2015, according to a real estate firm Jones Lang LaSalle.(©www.concrete.tv)
‘Infrastructure, institutions, people’ key to Africa’s sustained riseInternational Monetary Fund (IMF) MD Christine Lagarde has reaffirmed that sub-Saharan Africa should grow by about5.5% this year and attract a record $80-billion in investment. However, she warned on Thursday that there was an urgentneed to “build infrastructure, build institutions and build people” not only to sustain the growth momentum, but also toensure that the benefits of that growth were more widely shared.(©www.engineeringnews.co.za)
Dwindling water levels at Bui Dam threatens power supply in GhanaAuthorities at the Bui Power Authority have warned a two-meter drop in water levels at Ghana’s third hydro-electric damwill have dire consequences to the already erratic power situation.(©www.constructionreviewonline.com)
Nigeria set to build its longest gas pipelineThe Federal Government of Nigeria is planning to construct the longest pipeline in the country from Calabar throughAjaokuta to Kano State as part of efforts of ensuring steady supply of gas and meeting up with growing market demand ofgas.(©www.constructionreviewonline.com)
Gas plants shutdown drops Nigeria’s power generation by 1000MWNigerians should brace themselves for a drastic drop in power supply for the next three weeks as the Federal Governmentshuts down Utorogu and Ughelli East gas plants.(©www.constructionreviewonline.com)
Nigeria’s petroleum corporation adopts new technology to bar destruction of pipelinesMost Nigerians have not been receiving steady electricity supply and this has been attributed to regular destruction ofpipelines supplying gas to the power thermal stations across Nigeria.(©www.constructionreviewonline.com)
Lafarge Nigeria seeks 100bn naira after African mergerThe Nigerian unit of French cement marker Lafarge plans to seek shareholders' approval in July to raise 100-billion nairain public offer of debt or equity, Lafarge Wapco said on Wednesday.(©www.concrete.tv)
Lafarge to merge South Africa, Nigeria units in $1.35 billion dealFrench cement maker Lafarge will combine its South Africa business with publicly traded Nigerian unit Lafarge Wapco,listing its Africa interests together on the Lagos bourse, its country chief executive officer said on Tuesday, Reutersreports.(©www.concrete.tv)
Cameroon, Chad to build 700-km railway linkCameroon and Chad have reached an initial agreement to link north-eastern Cameroon to the neighbouring capital
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N'Djamena by rail, according to officials from the two countries.(©www.concrete.tv)
AfDB approves US$109m for roads project in UgandaThe board of directors of the African Development Bank Group (AfDB) has approved a loan of US$109m awarded to thegovernment of Uganda. The funds will be channeled into the financing of the Road Sector Support Project V which is partof the National Development Plan (NDP) and the country`s vision 2040.(©www.constructionreviewonline.com)
African Trade Insurance Agency aids Tanzania get US$82m for developmentAfrican Trade Insurance Agency (ATI) has helped Tanzania in getting US$82m worth of trade and investment. The moneywill be prioritized in projects such as energy, infrastructure, water, housing/construction, ICT/Telecommunications, financialservices and manufacturing.(©www.constructionreviewonline.com)
New Malawi government promises cement subsidiesThe new Malawi Vice President Saulos Chilima has promised subsidised building materials, including cement and ironsheets, to the neediest people. (©www.concrete.tv)
Lafarge to increase Zimbabwe cement production capacityLafarge Cement Zimbabwe plans to increase its cement production capacity to 0.5Mt/yr once a current plant upgrade iscomplete, according to an official.(©www.concrete.tv)
Angola strikes US$1bn rail, energy equipment deal with Export – Import BankAngola is set to get railway and energy equipment worth US$1bn in a deal financed by Export –Import Bank (Ex-Im) ofUS. General Electric (GE) will be the main supplier in the deal. US$650m will go into equipment for energy while theremaining amount will be used for railway machinery.(©www.constructionreviewonline.com)
Upgrading dam infrastructure in AngolaAs part of the Angolan government’s ongoing efforts to provide improved basic services, such as water to residents,global engineering, management and specialist technical services provider Aurecon is increasingly becoming involved inprojects focused on the reconstruction, rehabilitation and upgrading of Angola’s infrastructure.(©www.engineeringnews.co.za)
Diamond mining may threaten Namibia’s coastlineThe Benguela Current Commission (BCC), a multisectoral intergovernmental initiative of Angola, Namibia and SouthAfrica, could play a role in coordinating studies that monitor the impact of mining on the marine environment.(©www.miningweekly.com)
Exploring Namibia’s rich uranium reservesHaving been involved in the Namibian mining industry since the early 2000s, advanced-stage Canadian explorer ForsysMetals says that it continues to see growth potential in the region and describes Namibia as a mining-friendly andpolitically stable country.(©www.miningweekly.com)
Preliminary studies for Botswana power plant completedBotswana-based Shumba Coal has concluded design and selection studies, as well as the preliminary financial modelling,for its proposed 300 MW Sechaba energy project (SEP), which the company planned to establish at its flagship Sechabacoal project.(©www.engineeringnews.co.za)
Development of black junior coal sector now a matter of urgencySecuring sufficient thermal coal for State-owned power utility Eskom to keep the lights on going forward is vital in the faceof what coal commentators refer to as a projected Eskom coal supply ‘cliff’ from 2015 – a 60-million-ton yearly deficit in therequired coal volumes for the country’s developing power stations, namely Medupi and Kusile, as well as the possibleconstruction of Coal Three.(©www.miningweekly.com)
Eskom's Tstotsi fears New Largo may be lateEskom chairman Zola Tsotsi said there was a risk Anglo American's New Largo coal mine might not be ready in time tosupply the 4,800MW Kusile power station.(©www.miningmx.com)
Labour Court reserves judgment in gold strike bidAfter considering an application by the Chamber of Mines (CoM), representing gold majors AngloGold Ashanti, HarmonyGold and Sibanye Gold, to make permanent an interim order prohibiting labour union the Association of Mineworkers and
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Metalworkers Union (AMCU) from striking, the Labour Court on Friday reserved judgment in the matter.(©www.miningweekly.com)
Glencore signs $15.3bn of revolving credit facilitiesDiversified miner Glencore on Friday announced the signing of revolving credit facilities amounting to $15.3-billion.(©www.miningweekly.com)
Gulf in SA productivity rules out wage hikesData shows that South African mining is hugely unproductive compared to Australia and demonstrates why AMCU's wagedemands are unaffordable.(©www.miningmx.com)
Parkhurst connectsThere are a number of reasons that people aspire to living in Parkhurst. Beautifully renovated homes which smack of abygone era, a unique café culture, a sense of community and a hugely popular park are but a few. Now, fibre-to-the-homeis another.(©www.privateproperty.co.za)
Kempton Park Gears up for More GrowthPlanned residential and commercial development in Kempton Park will boost the town’s already buoyant property marketover the next decade.(©www.propertyjunction.co.za)
Bridge for Alex-Sandton pedestriansA new walkway bridge will be constructed starting from No 3 Square in Alexandra to Sandton near the Grayston AvenueBridge along Katherine Street.(©www.property24.com)
Hillside development in Lenasia SouthA range of freehold two and three bedroom family homes are on offer in Lenasia South in a development called Hillside,priced from R365k.(©www.property24.com)
Holiday-home Buyers Back in Mossel BayInvestor confidence in Mossel Bay on the Garden Route has improved markedly and sales of holiday homes in the townhave picked up accordingly in recent months.(©www.propertyjunction.co.za)
New RV in Lovely WolseleyGiven the rising demand for retirement homes and the shortage of supply, the units in the new assisted-living retirementvillage in Wolseley should prove to be a good investment in terms of both future value growth and current rental income.(©www.propertyjunction.co.za)
New Paarl development from R1.6mThe newly launched Klein Parys residential security village in Paarl comprises 40 freestanding units priced from R1.6m toR2.95m.(©www.property24.com)
Burst of Development for Sonkring in BrackenfellWith more than 600 homes planned for the next three years, a new Curro private school and new churches and shoppingvenues, Sonkring in Brackenfell has become the fastest developing node in Cape Town’s northern suburbs.(©www.propertyjunction.co.za)
New Buh-Rein Estate XL apartmentsJust launched at Buh-Rein Estate in Tygerberg, Alente apartments are extra spacious with special offers at the Cape GateExpo from 4 to 9 June.(©www.property24.com)
Country estate in Provence for €3.95mAn impressive country estate situated in the heart of Provence and featuring formal gardens and vineyards is currently onthe market for €3.95m.(©www.property24.com)
Security at all costsWhether you’re a student or a CEO, chances are you’re concerned about security. We all want to live safely, without ourfamilies being harmed, retaining all our possessions as we acquire them.(©www.privateproperty.co.za)
Is Renting or Buying Best for You?People should rent a home rather than buy if they are unsure of their plans for the next five to 10 years, and want the
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freedom to relocate easily for employment reasons or a lifestyle change, says Adrian Goslett, CEO of RE/MAX ofSouthern Africa.(©www.propertyjunction.co.za)
Read – and then signIn the good old days, a tenant would sign a lease and be held to the terms laid out in the agreement until the specified timeframe had elapsed (pacta sunt cervanda). But the Consumer Protection Act (CPA) has complicated matters somewhat.Now, although there may be certain costs involved, a tenant may give the landlord 20 business days’ notice if he wishes tobreak the lease early.(©www.privateproperty.co.za)
Own Business? Sorry, No Home LoanThe attitude of mortgage lenders to self-employed people is quite at odds with what parents, teachers and the governmentare encouraging young people to do, which is to be entrepreneurial and start their own businesses, instead of relying onbeing able to find a corporate job.(©www.propertyjunction.co.za)
On becoming a property entrepreneurIf you have always dreamed of making money owning bricks and mortar, there are many opportunities to get you started.Read on...(©www.property24.com)
Local Property is Still LekkerFor SA investors, buying property here is still preferable to buying in a first world country, even though the UK, Europeanand US residential property markets are now showing signs of recovery, says Bill Rawson, chairman of the RawsonProperty Group.(©www.propertyjunction.co.za)
House Prices Moving Faster than InflationAccording to the latest house price indices report from property data company Lightstone, the current average rate ofhouse price growth in SA’s four major provinces is 7,36% a year, which is somewhat ahead of the current 6,1% rate ofinflation as measured by the consumer price index (CPI).(©www.propertyjunction.co.za)
Do the mathThe main attraction of investing in property as opposed to other types of growth asset such as listed shares, says Davidde Waal, CEO of Steeple Estate Agents, is that you can get part of the purchase price financed. Then, if there is anyincrease in the value of the property over time, the actual return on the capital you invested can be multiplied – a conceptthat is known as leveraging.(©www.privateproperty.co.za)
Transfer duty or VAT?As with any purchase, a portion of all registered property sales ends up in SARS’ coffers. Thus, the impact of additionalcosts, over and above the purchase price of a home, becomes so much more significant for, especially, first-time buyers.(©www.privateproperty.co.za)
Financially Distressed? Don’t Panic…Even though the economy and the property sector have shown great improvement over the past two years, manyconsumers are still facing stiff financial challenges.(©www.propertyjunction.co.za)
Stay safe on show daysShow houses have been a part of life for estate agents for years and are regarded by most as an effective selling tool.Spending a Sunday afternoon showing people around a neat, well presented home is the ideal way to showcase what’s onoffer in order to generate interest in the property.(©www.privateproperty.co.za)
One hit wondersBuyer’s remorse is usually associated with expensive purchases. When you pledge a substantial portion of your salary toa bank so that you can afford a home, it’s not uncommon to feel concern. But there are plenty of other purchases that leadto thoughts of, “Why did I let that infomercial convince me to part with my cash?”(©www.privateproperty.co.za)
Energy efficient MakroMakro South Africa awarded for excellence in energy efficiency initiatives. Makro South Africa scooped a prestigious etaaward for its energy efficient new generation stores at Eskom’s 24th eta Awards ceremony. Eskom has for the past 23years rewarded excellence in the field of energy efficiency.(©www.cipn.co.za)
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Flexible working good for businessWith World Environment day on 5 June the question comes up about how to create greener businesses, saving energywhile having happy employees.(©www.property24.com)
The Tale of Parallel Industries: Energy Storage Should Prepare to Face the Same Trials as SolarSunpower CEO Tom Werner says the energy storage industry should prepare to face the same boom, bust, stabilizationpath that solar experienced throughout the last seven years. But if the industry is smart, it will survive and flourish togetherwith solar. (©www.renewableenergyworld.com)
What I Learned About Solar While Biking Through TuscanyEven on vacation, I’m always thinking about solar and how it’s growing in the world…or not. So, it should be no surprisethat as I biked through a small part of the Tuscany region of Italy last week, I got off my bike to take pictures... (©www.renewableenergyworld.com)
The Wide Appeal of Batteries for the Renewable Energy MarketBattery technology has come a long way since the days when your granddad had to periodically peak under the hood toadd water to his lead-acid battery. (©www.renewableenergyworld.com)
Energy Efficiency Innovation Gets Boost Under the EPA’s Proposed Clean Power PlanThe recent release of the proposed Clean Power Plan under EPA section 111(d) underscores the role of energy efficiencyas our nation’s least-cost resource. Demand-side management rightfully earns its place as a critical part of a system-wideapproach to reduce emissions 30 percent by 2030.(©www.renewableenergyworld.com)
The Indicators as on6 June 2014 16:18
This week 01/06/2014Rand/US$ 10.63 10.51Rand/BP 17.85 17.61Rand/Euro 14.49 14.32Gold/oz $1251.86 $1254.62JSE All share 49967.80 49750.97
Reserve Bank vows Recession is not likelySouth African economy is unlikely to fall into a recession, the Reserve Bank said in its Monetary Policy Review releasedon Tuesday that economic growth would be likely to improve in the second quarter, although it would be modest.(©www.sacommercialpropnews.co.za)
JSE loses steam after promising startThe All-share index on the JSE was again hovering around the 50 000 mark, but lost momentum after a promising start.(©www.fin24.com)
Amcu must abandon strike, says unionSolidarity has called on Amcu to end it prolonged strike in the platinum mining sector for the good of all South Africans.(©www.eprop.co.za)
Oil climbs after ECB rate cutsOil prices have advanced after the European Central Bank announced an unprecedented cut in interest rates in a bid tospur economic growth.(©www.fin24.com)
Economic Data and Forecasts
Economic data and economic information about South Africa and the region. Market trends, economic reviews andforecasts. Economic indicators such as interest rates, exchange rates, repo rate, interbank rate, forward rates, monetaryaggregates, consumer price index and producer price index.
A summary of data available from various institutions is available on the SA Financial Sector Forum Website athttp://financialsectorforum.com/category/economic-information/
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