Construction Business News Features

SACD Freight’s vast, and vastly impressive, new R160 million container depot and wine warehouse in Paarden Eiland, a mere 800m from the Port of Cape Town, has been completed by the NMC Alliance a full two months ahead of schedule.

DEVELOPMENT is continuing apace at the Coega Industrial Development Zone (IDZ) outside Port Elizabeth, with Grinaker-LTA having been awarded a R57 million contract for the construction of a new facility there for Cape Concentrate.

A new "green" verification and rating assessment process for manufacturers, product suppliers, contractors and subcontractors serving the building industry is being launched this month in Cape Town - with the aim of becoming recognised and used throughout South Africa.

Gavin Maile, KPMG Africa Construction Partner, indicates that “in South Africa profit rates for new contracts are coming under pressure, especially in the housing sector, with numerous contractors bidding on each contract.