Weekend Property & Construction News
Weekend 20 / 21 October 2012 Circulation : exceeds 5,500 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/news/e_newsletter.html
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Quantity Surveying News Construction and Development News ASAQS NEWS Retail Roundup Newsflashes for Architects TO ALL STUDENT MEMBERS... Project Management News Engineering News On behalf of the President, Board and Executive Director of the ASAQS we would like to take this opportunity to Green Building News wish all of the Associations student members the very best of luck with their end of year exams. Mining News News for Estate Agents and Home For some of you now qualifying and entering our dynamic profession, we look forward to welcoming you as new Owners full members of the ASAQS thus reflecting your hard work, sleepless nights and all the blood, sweat and tears The Agent's tool kit that most of you have endured. News from Africa Building Terms We also take this opportunity to salute all Quantity Surveying students in all years of study, and also remind you Weekly Economic Indicators that your amazing efforts and achievements have certainly not gone unnoticed by your family, friends and Key Economic Indicators teachers. Tailpiece "Forget past mistakes. Forget failures. Forget everything except what you're going to do now and do it." ~ William Durant
Wishing you all the very best of luck, and imminent success.
Sincerely,
Larry Feinberg Executive Director
First Name: FINAL REPORT : ICEC 2012
In June 2008 a delegation of the Association of South African Quantity Surveyors comprising Professor Basie Verster and Mr Egon Wortmann, travelled to ICEC's 6th World Congress in Toronto, Canada. The main thrust of file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News BuildAid ConsultingCost Estimators
E-mail: their mission was to present South Africa as the destination for the 8th World Congress.
Their case was very well presented and very positively received to the extent that the ASAQS was granted the privilege of hosting ICEC 2012 in South Africa. The Southern African Project Controls Institute (SAPCI) and the Your profession South African Council for the Quantity Surveying Profession (SACQSP) subsequently became co-hosts of the Other event. ICEC 2012 was hosted in Durban between 23 and 26 June 2012 at the International Convention Centre in Subscribe: Isipani Construction Durban. For those of us who attended, the local organisers did us proud and we wish to thank Prof. Rob Pearl Un-subscribe: and his team for presenting a world-class event that will long be remembered.
Please make sure that you are Please click here for the final report from Prof. Rob Pearl. connected to the Internet before you press the GO! button. We value your subscription. IN MEMORIAM : DR FRANK BERRY
A well-known Free State QS, Frank Berry, passed away on Sunday.
Frank Herman Berry joined the University of the Free State in 1983 as lecturer; he obtained his MSc (QS) in 2008 and PhD in 2012. He was the author of many academic articles and entertained papers and editor of the publications "Bouvaria" for more than 20 years.
He joined Basie Verster in 1992 to form Verster Berry Partnership and was responsible for many major projects PCS Specialist Recruiters in Bloemfontein and the Free State province.
Frank was an exceptional person with the highest level of integrity and dedication to his work and most specifically to his beloved students.
His main aim as lecturer was to drive the students with kindness and discipline to become the very best quantity surveyors.
As quantity surveyor he served the profession with professionalism and ethical standards that stands as an example to all.
Frank was born in Kroonstad in 1953 and was awarded the BSc (QS) from the University of the Free State in 1975. He leaves his wife Liezél and Herman a Pr. (QS), Jessie and Louis.
Our heartfelt condolences to his family, friends and colleagues.
DID YOU ATTEND CPD 4 IN DURBAN?
...Then you may be able to spot yourself on the KZN web page.
RICS ACCREDITED MEDIATOR TRAINING file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Wallstreet Global Careers
In support of the South African government's Mandatory Court Mediation scheme, The Royal Institution of Chartered Surveyors (RICS) is running an internationally accredited mediation programme, specifically designed for professionals (legal and non-legal) working in the built and other environments.
This non-residential training programme consists of two modules delivered over five days. Module one can be taken on its own and is charged at a reduced fee. Successful completion of both modules is recognised by RICS as 50 hours of CPD, and certifies you as a RICS accredited Mediator.
MODULE 1: Wednesday 14 – Friday 16 November 2012 Certificate in Dispute Management and Mediation Advocacy Cost for module 1 only = R12 000 Hire Resolve Engineering Careers MODULE 2: Saturday 17 – Sunday 18 November 2012 RICS Accredited Mediator Certificate Cost for modules 1 & 2 = R18 500 (RICS members) and R19 600 (non-members)
Includes RICS international accreditation
Click here for details
NEW DATABASE AND WEBSITE PROGRESS UPDATE
It is still "all systems go" for the launch of our new website and database during the last week of this month.
The webmaster and staff of the ASAQS have-, and are still receiving, training on a regular basis to master the Dimension X software for measuring new systems and procedures that are required.
This website has been in existence since the 19th May 1997 and moving it to it's new home is proving to be a mammoth task. Hundreds of documents need to be moved and then linked-in on the new pages while the "look- and-feel" is being finalised, We are already on the third iteration of the home page and during the past weekend the "Closed User Group" was totally redone to ensure easier navigation to essential documents. (By the way the CUG is being renamed and will in future be known as the MOR, or Member Only Resources.)
Essentially the new website will be a "front-end" to the database developed by YourMembership (read more about it here). The new platform will enable our members to look at- and even update their information on the ASAQS database,interact with one another, set up profiles for themselves and "mini-websites" for their firms and a whole lot more!
We will guide you into using the new system by giving you short weekly tutorials and notes so that you can use the new system to your advantage.
Needless to say, we can't wait to show you!
MEASURING BUILDING WORK – WORKED EXAMPLES, 2nd EDITION
The second edition of the above book, authored by Professor Fanie Buys, was published in December 2010 and file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News P I Financial Risk Services
is now available. This book was compiled to assist quantity surveying and construction management students and young practitioners in understanding the measurement of quantities for building work in accordance with the Standard System of Measuring Building Work (6th Edition), published by the Association of South African Quantity Surveyors. Although this second edition contains some of the measuring examples included in the first edition, a more advanced building has been included to demonstrate how the elements of a small building are JBCC Electronic service measured. In addition, it also includes measuring examples of electrical and mechanical installations (air- conditioning and ventilation). The book also includes examples of measuring structural steelwork, reinforced concrete, piling and alterations.
Professor Gaye le Roux commented as follows on the publication: "This book presents an extremely useful range of worked examples which set the standard for 'Taking-off', including essential measuring lists, correct setting out of descriptions and measurements, clear references to the sources of those measurements (taken from well- CES Group presented drawings) and separation of different sections of the measured work; it deserves a place on the bookshelves of students and their mentors in the South African quantity surveying and construction management professions."
The book can be ordered from Fanie Buys, [email protected] or the ASAQS at a cost of R130-00 (excluding postage)
JBCC QUESTIONS AND ANSWERS
JBCC PBA CLAUSE 3
Question: Could you please elaborate on the reasons for the provision of guarantees rather than retention and how the quantum of the guarantees is determined?
Answer: In addressing your query I would like to stand back and consider the security issue as a whole in relation to the building contract. Firstly it must be appreciated that it is impractical for the parties should seek "absolute" security from each other. Assuming no change in the contract sum this would result in the employer and contractor each providing a 100% guarantee of the contract value on a reducing basis to each other over the period of the contract. This is obviously commercially impractical and unreasonable.
The practical and reasonable route is therefore to seek financial cover at a level that will potentially (but not absolutely) "guarantee" the potential risk due to the failure of the defaulting party not meeting its obligations. Experience and financial practicality over many years have shown that security cover not exceeding 12.5% of the contract sum is reasonable and affordable in almost all instances. It is appreciated that the employer's risk reduces as the project is built and therefore the security can likewise be reduced at definable points. This is file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Programme in Construction Contracts
addressed in the Variable Construction Guarantee in terms of 14.3
In the past it has not been customary or thought necessary that the employer (no matter how financially stable he may appear to be) should, in turn, provide security to the contractor. Correctly this unfair practice is addressed in the JBCC contract. However there is much debate on the quantum of cover that is seen as being reasonable with the industry "ducking the issue" on setting criteria for such a guarantee. For better or worse I have analysed the issue and have come to the conclusion that the cash flow to the contractor represents the highest unsecured risk and therefore should be the focus in determining the quantum of such guarantee. In addressing the above I am of the opinion that the two highest contiguous projected cash flow months to the contractor should form the basis of the guarantee provided that such amount should not be more than 12.5% of the contract sum. This method seems to provide a practical solution in most instances and should be addressed in the Payment Guarantee in terms of 3.1
The need for an Advance Payment Guarantee (see 14.5) is principally due to the fact that a "Transfer of Ownership" for materials or equipment is bad in law where the party providing such is not the rightful owner of such materials etc. The provision of the guarantee will invariably require the contractor or subcontractor to offer some form of collateral to the provider of the guarantee. The JBCC agreements deal with such guarantees as part of the payment process which significantly simplifies and improves the financial administration and control of VALCAL Retaining wall specialists the project.
Retention can only be applied to the party due to receive payment being the contractor and in turn the subcontractors. Retention's primary disadvantages to the employer is that at the start of the works the employer's "cover" is minimal and further also increases the risk of the contractor and subcontractor's defaulting due to their reduced cash flows.
(Questions and answers obtained from the Frequently Asked Questions published on the JBCC website)
Visit the CUG to find out where to download the JBCC indices and view two recent questions and answers concerning the JBCC.
NETSPOT: PROUDLY SOUTH AFRICAN
From National Geographic Magazine: University of Cape Town Researchers Believe They Have Found a Single Dose Cure for Malaria
Where would you expect to find the inventor of the CAT scan, the makers of the "speed gun" used in cricket ovals the world over, or the world's first oil-from-coal refinery?
Read more by clicking here file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News The Power Group
JBCC COURSES
JBCC second semester (August - November 2012) seminars. Merkel's
Wednesday 14 November, 2012 -Sica's Guest House, Durban - Principal Building Agreement combined with Nominated/Selected Subcontract Agreement - 08:00 - 16:30.
Click on the date to download the registration form in Excel format.
STAY ON TOP OF YOUR CPD REQUIREMENTS THIS YEAR
Green building
Recruitlink
ANNOUNCEMENT OF FORTHCOMING CONGRESSES / CONFERENCES
In order to assist members to plan their diaries this year in terms of forthcoming congresses and conferences they may wish to attend, we publish the preliminary dates of some of these congresses for your attention :
SECOND NMMU CONSTRUCTION MANAGEMENT CONFERENCE PORT ELIZABETH, SOUTH AFRICA, 25- 27 NOVEMBER 2012 The Second NMMU Construction Management conference provides an international forum for researchers and practitioners from developed, developing and underdeveloped nations to address fundamental construction management and construction project management issues. Invitation to submit abstracts.
Members are encouraged to plan ahead and to support these conferences/congresses !!
CLASSIFIEDS file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Affordable targeted advertising
EMPLOYMENT OFFERED
ESTIMATOR – Mauritius Our Client in Mauritius handles general building and renovations and is seeking a young person to support them on the estimating side. Browse to Classifieds for full details.
QUANTITY SURVEYOR – Nelspruit Prestigious Professional office requires a jnr QS with about two years post grad experience handling building / What you get : commercial projects. Browse to Classifieds for full details. Banner adverts on the ASAQS Qualified/Experienced Quantity Surveyor website (about 1,000,,000 We are based in Nelspruit (Mpumalanga)and require the services of a qualified Quantity Surveyor. Browse to hits/month!) Classifieds for full details. A Mini-ad on the ASAQS website and on the Weekend Professional QS - Woodmead JHB Property and Construction Be at the forefront of Commercial Quantity Surveying. Our client, a Quantity Surveying consultancy are market News (5,300+ subscribers) leaders in Southern Africa. Browse to Classifieds for full details. Preferential exposure of your products and services Site Based QS Targeted marketing at only Leading Mining PQS firm in Johannesburg is urgently seeking the services of a site based QS in the Northern R484.50 (inclusive) per month Cape, Kuruman area. Browse to Classifieds for full details. Don't wait, we only have a limited SQS Mozambique number of slots left. Click here to A dynamic construction consultancy requires a Senior Quantity Surveyor to head up the technical side of their download the sponsorship form or Maputo operations. The successful candidate will be based in Maputo, with some travel into Mozambique. contact Bert van den Heever the He/She will report to Head Office based in Johannesburg. Browse to Classifieds for full details. ASAQS Webmaster Bloemfontein Job Opportunities A dynamic construction consultancy currently seeks the following for their Bloemfontein operations: 1. 2 x Senior Project Managers (10Yrs plus experience) 2. 2 x Senior Quantity Surveyors (10Yrs plus experience) 3. 2 x Junior Quantity Surveyors (2 Yrs plus experience). Browse to Classifieds for full details.
Quantity Surveyor - Horizon Oil Sands Ma WORK WITH GREAT PEOPLE. ACCOMPLISH GREAT THINGS. CREATE YOUR CAREER PATH. Browse to Classifieds for full details.
Head of Department - Quantity Surveying file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News With experience dating back to the 1960’s this is a leading, world class engineering firm. Be instrumental in the leadership team at this company that excels at developing, implementing, optimizing and maintaining industrial plants! Browse to Classifieds for full details.
Junior Quantity Surveyor Bachelor of Science in Quantity Surveying Honours Degree graduate, with 1 year & 8 months experience in project coordination, structural assessment and general assessment of infrastructure for a project comprising of an audit of subsidized housing in KZN for the NHBRC. Browse to Classifieds for full details.
SENIOR PQS AND OFFICE MANAGER We are a PQS FIRM based in the Eastern Cape and KZN and we require the services of a Registered Quantity Surveyor for our Kokstad Branch. Browse to Classifieds for full details.
Energetic young QS for Stellenbosch Small PQS firm in Stellenbosch is looking for a up and coming, young energetic graduate QS with preferably two years post graduate experience in a professional QS firm. Browse to Classifieds for full details.
Silverline Group We are looking to appoint 2 x recent graduates as QS in the Light Steel Frame Construction industry in Cape Town. Browse to Classifieds for full details.
SNR QS/CONTRACTS ADMINISTRATOR Based in Gauteng, our international Client needs a stand alone QS/Contracts Administrator to handle all aspects as the Client’s Surveyor managing all subcontracts, fabrication to ensure effective delivery for the construction of a multibillion Solar Power Plant. Browse to Classifieds for full details.
PQS - NELSPRUIT Leading PQS in Nelspruit requires a further PQS with one or maybe two years experience with a PQS or a contractor working on building, civil projects would be advantage. You would be assisted to find accommodation. Browse to Classifieds for full details.
Civil Quantity Surveyor BSc/Btech/NHD in Quantity Surveying. 7 - 10 yrs site based experience working for a contractor on civil projects, roads, earthworks and civil structures. Stable career path. South African Citizens only. Browse to Classifieds for full details.
SENIOR ESTIMATOR Our Client, a progressive Building and Civil Contractor is urgently seeking a qualified and experienced Estimator. Browse to Classifieds for full details.
JMA 16542 - Senior Quantity Surveyor The successful candidate will be tasked with handling full Snr QS functions of large scale commercial building projects. Estimating experience will be an advantage. Browse to Classifieds for full details.
Construction QS Full time construction quantity serveyor needed for construction company based in Kyalami. Sallary neg. Min qualification national diploma.Min ten years work experience required. Browse to Classifieds for full details.
Senior Quantity Surveyor - PE file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Experienced QS with at least 5 years track record with a large building contractor. Applicants should preferably be living in Port Elizabeth or resided and worked there previously. Browse to Classifieds for full details.
Registered Senior Quantity Surveyor - Bl We are a ISO accredited PQS company, where our head office is based in Rivonia and we require the services of a Registered Quantity Surveyor for our Bloemfontein Branch. Browse to Classifieds for full details.
GRADUATE QUANTITY SURVEYOR Fully Qualified and Experienced Quantity Surveyor with 5-10 years post graduate QS experience. Based in Mpumalanga (Nelspruit), but will be required to travel to sites. Browse to Classifieds for full details.
Quantity Surveyors - Commercial & Reside Are you an experienced Quantity Surveyor with commercial or residential experience? Are you interested in making a move to New Zealand? Browse to Classifieds for full details.
SEEKING EMPLOYMENT
Contracting QS looking for Professional I obtained a BTech QS and Btech CM qualification from CPUT. I have been working for contractors for the past seven years. My experience include commercial building, marine/heavy civil/mechanical, roads and earthworks, MEIP. I have been exposed to JBCC, NEC, GCC and FIDIC. Browse to Classifieds for full details.
Junior Quantity Suveryor I am a young energetic, enthusiastic, ambitious and honest young man of 25 years, currently holding National Diploma : Building with 4/5 distictions from Mangosuthu University of Technology. I have a one years experience from a project management firm and am currently unemployed. Browse to Classifieds for full details.
JUNIOR QS I have a BSc QS Honors degree along with a 1 year 10 months experience in PQS firm. I'm registered with SACQSP as a Candidate QS. Browse to Classifieds for full details.
Vacation Work I am third year student at NMMU currently finalising two modules in Bsc Construction Economics. Browse to Classifieds for full details.
Junior Quantity Suveryor I am a young energetic, enthusiastic, ambitious and honest young man of 27 years, currently holding National Diploma : Building with 5/6 distictions from Mangosuthu University of Technology. Browse to Classifieds for full details.
Female PQS Female PQS with 35 years experience looking for employment in Pretoria/Centurion/Midrand area, preferably at PQS company. Browse to Classifieds for full details.
Graduate QS If you need a young person with lots of enthusiasm, consciencious, fast learning, driven, honest with integrity, I am the person you are looking for. I have just finished B.Sc.QS (Hons) and is seeking a permanent position anywhere in S.A. Willing to relocate and willing to travel. Browse to Classifieds for full details. file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Junior Quantity Surveyor My name is Vongani Manganye and I hold a Bachelor of Science in Quantity Surveying Honours Degree , with 1 year & 8 months experience in project coordination, structural assessment and general assessment of infrastructure for a project comprising of an audit of subsidized housing in KZN for the NHBRC. Browse to Classifieds for full details.
Graduate looking for employment in SA I'm a 26 year old National Diploma: Building graduate from NMMU (Nelson Mandela Metropolitan University). I’m currently studying towards a Btech: Construction Management and have completed 2 subjects out of the 6 needed to complete the degree. Browse to Classifieds for full details.
MEIP Quantity Surveyor MEIP Quantity Surveyor / Contract Administrator, with extensive experience in E & I contracts utilising the NEC3 Engineering and construction contract, FIDIC, JBCC conditions. Browse to Classifieds for full details.
Female PQS I am available to measure WinQS BOQ's from home -Centurion area. Browse to Classifieds for full details.
Quantity Surveyor Im looking for a QS position with Consulting firms or Building Contrcators, I have 4 years Experience working on projects ranging from buildings, mining projects and dam construction, My CV is available upon request. Browse to Classifieds for full details.
And many more! Browse to Classifieds for more job opportunies.
Need quantity surveying personnel? The best way to advertise your vacancies are in the Classifieds section on the ASAQS website - it's absolutely FREE! Adverts submitted to the Classifieds are also included in this newsletter. We also have a number of employment consultancies as sponsors, please see their adverts at the top of this newsletter.
CALENDAR
1 November 2012
Event: Delay Disruption & Extension of Time ( A 2 day seminar) Time: All day event Information: Regardless of who or what the causes are, delay and disruption can wound and sometimes kill a project. The goal of risk management is to identify all project risks (both positive and negative) and to assist in developing proactive strategies of response. Contact: [email protected]
Remember : Visit the ASAQS website for new updates!
Please note : Only paid-up members of the Association of South African Quantity Surveyors are allowed entrance to the CUG. We still receive a number of applications every month from non- members. If you have any questions regarding membership contact ASAQS on 011-3154140. file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Also note that your registration to the CUG will remain in force as long as you remain a member of ASAQS and there is no need to register every year. If you have not received an e-mail confirming your registration contact ASAQS.
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CONSTRUCTION AND DEVELOPMENT NEWS
Eastgate 20 has sustainable coatings An excellent example of the perfect balance being achieved between design, sustainability and performance is a suitable description of the high-profile Eastgate 20 building that has been redeveloped on the corner of Grayston Drive and Katherine Street in Sandton. (©www.designmind.co.za)
R1,3 billion mixed-use Newtown Junction breaks ground Leading property investment and development company Atterbury has broken ground for an exceptional new R1,3 billion mixed-use retail and business development in the Johannesburg CBD. (©www.eprop.co.za)
Nedbank boosts Industrial Property sector with a R151 Million Loan Nedbank Corporate Property Finance continues to show its commitment to the country’s commercial and industrial property sectors by providing loan to the value of R151 million for the expansion of Brandhouse warehouse facilities in Germiston. (©www.sacommercialpropnews.co.za)
Pretoria Retirement Village for sale The High Street Auction Company has announced that its next multi property auction event will be held on Thursday, 20 September, 2012, at Summer Place in Hyde Park, Johannesburg and one of the featured properties is the Fleurenville Retirement Village, Arcadia, Pretoria. (©www.eprop.co.za)
Pretoria CBD gets makeover as government comes marching home again Pretoria, the administrative capital of South Africa also known as the municipality of Tshwane, is undergoing something of a re-gentrification. Fittingly, it is happening on the back of a return of government to the inner city, with a view to improve service delivery. (©www.sacommercialpropnews.co.za))
Limpopo Govt to invest R2 million in Mapungubwe Museum Musina - The Limpopo provincial government will inject more than R2 million to complete the Mapungubwe Museum and Interpretation Centre in the next financial year. (©www.sacommercialpropnews.co.za)
Residents Oppose Durban's Port Expansion Plan Durban's residents say they will not give up their homes to make way for Durban's multibillion rand port expansion. (©www.constructionreviewonline.com) file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Plettenberg Bay: 422 hectares of prime development land available The Plettenberg Golf Estate (Pty) Ltd (in business rescue) invites interest parties to submit offers to the Business Rescue Practitioner, Mr Neill Hobbs, for the purchase on immovable properties and assets, including water rights and/or shares owned by the Plettenberg Golf Estate (PTY) Ltd. (©www.eprop.co.za)
R255m Palm Royale luxury retirement block goes ahead Palm Royale, a new R255million sectional title apartment block, is to be built as part of the award-winning Oasis Luxury Retirement Resort at Century City. (©www.eprop.co.za)
Montague Park, Cape Town sees industrial take up Improvon, a leading industrial and commercial property investment company, reports on prominent, multinational tenants to occupy its flagship development, Montague Park. (©www.eprop.co.za)
Western Cape invites bids for Design Park The Western Cape Department of Economic Development and Tourism has called for proposals for the establishment of a Design Park, which would form part of Cape Town’s innovation district – the Fringe. (©www.engineeringnews.co.za)
The Sky Is the Limit for the Western Cape's Construction Sector Statement By Western Cape Minister of Finance, Economic Development and Tourism, Alan Winde. The Western Cape's construction sector has once again returned to growth. After experiencing a 0.6 per cent decline in jobs during the global recession, in 2010, jobs in the construction sector rose by 1.1 per cent. The sector is projected to continue its upward trajectory with growth rates of up to 5.2 per cent by 2015. (©www.eprop.co.za)
SA to get 18 infrastructure projects Government has earmarked 18 infrastructure projects to take place in the next 10 to 20 years, Economic Development Minister Ebrahim Patel says. (©www.fin24.co.za)
AFC signs $200m credit line for infrastructure development The Africa Finance Corporation (AFC) has borrowed $200- from the African Development Bank (AfDB) to increase its capacity to support vital infrastructure projects in power, natural resources, transport, heavy industry and telecommunications. (©www.engineeringnews.co.za)
Sephaku concludes R1.95bn funding deal for cement projects JSE-listed industrial minerals exploration and development company Sephaku Holdings said on Friday its subsidiary Sephaku Cement had concluded a R1.95-billion funding deal with Standard Bank and Nedbank. (©www.engineeringnews.co.za)
Delta Property Fund aims to bring to market R2.1bn portfolio DELTA Property Fund has announced its intention to list on the JSE before the end of the year, bringing to the market a R2.1bn property portfolio. (©www.eprop.co.za)
Letting and sales activity to show benefits for Emira Property Fund JSE-listed Emira Property Fund is seeing a pick-up in prospects as a result of certain letting and sales activity file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News across its portfolio. (©www.eprop.co.za)
Protech expects higher half-year earnings JSE-listed Protech Khuthele on Friday said it expected to record between 35% and 55% higher earnings during the six months to August 2012. (©www.engineeringnews.co.za)
Upturn in UK unlisted sector returns after four quarters of falling values Returns in the unlisted sector rose to 0.4% in the third quarter of 2012, as underlying falls in valuation in the direct property market eased slightly, according to the AREF/IPD UK Pooled Property Fund Index. (©www.sacommercialpropnews.co.za)
Forbes India - Innovative solution to the housing challenge Affordable housing in low-income areas can provide a pivotal asset and source of stability that can pull a family out of poverty. In fact, many families were trying to build houses on their own, leading to sub-standard construction and often dangerous living conditions. (©www.designmind.co.za)
Government Engages Indian Firm to Construct a Bitumen Plant The government of Cameroon has signed a Memorandum of Understanding with an Indian firm, Seftech India Private Limited, for it to carry out feasibilities studies for the setting up of a bitumen plant for the production of material for all-weather roads in the country. (©www.constructionreviewonline.com)
Arabtec to construct Gazprom Tower in Russia Arabtec Holding has secured a $123m contract from OAO Gazprom to construct an 85-storey, 462.7m high office tower in St. Petersburg, Russia. (©www.constructionreviewonline.com)
EMPLOYMENT CORNER
Deputy Director: Hospital Development Directorate: Project Office, PPP, Tygerberg Hospital Head Office, Cape Town. 3 year contract position. Browse to Classifieds for full details.
Managing Director - Building Division The Building Division of One of South Africa's leading construction groups seeks an outstanding new leader. Browse to Classifieds for full details.
Commercial Director - Construction Group One of South Africa's leading contractors seeks an astute and highly qualified quantity surveyor to take overall responsibility for the combined roles of business development, commercial decision-making and risk determination aspects for both its building and civil engineering divisions. Browse to Classifieds for full details.
Need construction personnel? The best way to advertise your vacancies are in the Classifieds section on the ASAQS website - it's absolutely FREE! Adverts submitted to the Classifieds are also included in this newsletter. We also have a number of employment consultancies as sponsors, please see their adverts at the top of this newsletter. file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Back to Index
RETAIL, HOTEL AND LEISURE ROUNDUP FREE CONTRACTS Domestic Employment Protea Glen opens its doors for trade with 90 top-notch retailers After a highly successful leasing process, the 30,000m² Protea Glen Shopping Centre in Soweto recently opened Offer to purchase its doors, with 90 stores offering an exceptional array of goods and services to shoppers in surrounding high- Lease agreement growth residential areas. (©www.eprop.co.za) Agreement of sale
Philippi retail project secures R70m loan facility Will The community of Philippi, in the southern suburbs of Cape Town, will soon enjoy access to its own conveniently located shopping centre, as a result of the recent approval of a R70-million loan facility by major bank Nedbank’s An Agreement giving General Power of Cape Corporate Property Finance division. Attorney (©www.engineeringnews.co.za) Contract for Housing and Minor Works
European retail real estate investment volumes reach €6 billion in Q3 2012 Preliminary analysis suggests that direct European investment in retail real estate for Q3 is in the region of €6 billion, up from the Q2 2012 volume of €3.9 billion. (©www.sacommercialpropnews.co.za)
New Villas Launched At Eden Island With Yacht Mooring On Your Doorstep Rapid progress at the luxury 56 hectare resort of Eden Island in Seychelles has seen a total of 400 units sold at a combined value of $340 million, or the equivalent of approximately R2.9 billion, says Dr Andrew Golding, chief executive of the Pam Golding Property group, exclusive marketers of the project. (©www.eprop.co.za)
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NEWSFLASHES FOR ARCHITECTS THE ASAQS WEBSHOP
Please note that the ASAQS webshop Nico van der Meulen Architects' private residence in Midrand is defined by a koi pond and a pool, is back on line for all your document wrapped in steel bars requirements. Where do you begin when a private client comes to you with the request for an ‘iconic’ residence? The possibilities are endless. This was the brief presented to Werner van der Meulen of Nico van der Meulen Architects in Midrand, South Africa by a couple who wished to build their own home which would also double as National Building Regulations and the husband’s office. Building Standards Act, 1977 (Act 103 (©www.designmind.co.za) of 1977) Stanmore Place celebrates anniversary with new award Stanmore Place by St Edward, has two new reasons to celebrate, with the three year anniversary since Fee Calculator for Professional launching and international recognition of the quality and beauty of its landscape. The development has won the Architectural Services - Non-Repeat Landscape Architecture for London award at the International Property Awards 2012, acknowledging Stanmore Buildings Place as an outstanding example of innovative design, with thoughtfully designed landscape, offering stunning lakeside views, gardens and elegant water features. (©www.designmind.co.za) Fee Calculator for Professional file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Architectural Services - Repeat Dulux ColourFutures Predicts Trends for 2013 Buildings World renowned and highly anticipated trend forecaster, ColourFutures™ 2013 has recently been launched by Dulux, a brand from the world’s number one paint company, AkzoNobel. The culmination of an annual gathering by the world’s foremost creative design, architecture and fashion experts, ColourFutures™ serves to predict key SANS 10400-T, Table 2 (Safety trends for the coming year. Distances) - Calculator from (©www.designmind.co.za) Arcdirectory
Bringing warmth back to Modern Interior Design Modern interior design is an ever-evolving practice. Design from the 1960s differs immensely from today’s interpretation, meaning that notions surrounding what’s ‘in’ is almost as fleeting as time itself. (©www.designmind.co.za)
The ABC of trendy restaurant design Designing a restaurant involves more than figuring out where to put the kitchen and how many air conditioners to install; a compliant and inviting restaurant is all about paying attention to the details. (©www.designmind.co.za)
Zumaville & the Nkandla-Mlalazi Smart Growth Centre Many South African architects, urbanists and planners will agree that the construction of regional cities in under developed rural areas is both desirable and sensible. (©www.designmind.co.za)
Great Buildings: Fontevrault Abbey, by unknown, at Anjou, France, 1115. (©www.greatbuildings.com)
IIDA Global Excellence Awards 2012 The 2012 Global Excellence Awards, International Interior Design Association's (IIDA) annual international competition honoring the best interior design projects from around the world, is now open for entries. (©www.designmind.co.za)
ARCHITECTURE SOUTH AFRICA
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EMPLOYMENT CORNER
ARCH TECH SITE-BASED– Azerbaijan One of the leading architectural practices with projects locally in South Africa as well as internationally, - Mauritius, Europe, Middle east needs an Site Architect to support their ongoing projects. Browse to Classifieds for full details.
ARCH TECH – Johannesburg One of the leading architectural practices with projects locally in South Africa as well as internationally, - Mauritius, Europe, Middle East needs an Architectural technician to support their ongoing projects. Browse to Classifieds for full details. file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News B ARCH – IMMMEDIATE APPOINTMENT Azerbaijan R1,200.000 for 15 months. This prestigious South African architectural practice needs a South Africa for this International appointment. Browse to Classifieds for full details.
Need architectural personnel? The best way to advertise your vacancies are in the Classifieds section on the ASAQS website - it's absolutely FREE! Adverts submitted to the Classifieds are also included in this newsletter. We also have a number of employment consultancies as sponsors, please see their adverts at the top of this newsletter.
FREE SOFTWARE DOWNLOADS FOR ARCHITECTS Dive right in and start downloading. Everything from free anti-virus to CAD programs.
Thanks to the PIA for some of the information published in this section - drop them a note at [email protected] A REMINDER OF THE PIA’S OWN WEBSITE FOR INTER-MEMBER COMMUNICATIONS, FORUMS, DISCUSSIONS, ETC. www.pia.org.za
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PROJECT MANAGEMENT NEWS ProjectPro The Project Management Calendar Leadership Lessons from the Recent changes worldwide! The Middle east and certain other parts of the world are going through some historic changes. What can the View local and international events on project management community learn about these events ?The key here is to learn about the importance of the project management calendar as leadership and the profound impact it can have at any levels! listed by ProjectPro. (©www.pmworldtoday.net)
EMPLOYMENT CORNER ProjectPro ...linking vision to reality PROJECT MANAGER – Short Term Contract Visit ProjectPro® today AFRICA related short term (2 – 3 months) project management for notable PM organisation. Use your skills to ensure the further development of a major hotel chain. Browse to Classifieds for full details.
Project Controll Manager Pretoria Leading South African PQS firm with offices all over the country as well as in Australia is looking for a Projects Controll Manager for there rapidly expanding Pretoria office. Browse to Classifieds for full details.
Need project managers? The best way to advertise your vacancies are in the Classifieds section on the ASAQS website - it's absolutely FREE! Adverts for Project Managers submitted to the Classifieds are also included in this newsletter. We also have a number of employment consultancies as sponsors, please see their adverts at the top of this newsletter.
VISIT SACPCMP SACPCMP was established to provide for statutory professional certification, registration and regulation of file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Project and Construction Management Professions in order to protect public interest and advance construction and project management education. To visit the The South African Council for the Project and Construction Management Professions.... click here
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ENGINEERING NEWS
‘Countless opportunities’ for practical infrastructure partnerships – Motlanthe South Africa’s large-scale public infrastructure programme, currently comprising 18 strategic integrated project (Sip) clusters, comprising 645 individual projects for delivery over a 20-year period, offered “countless opportunities” for partnerships, Deputy President Kgalema Motlanthe said on Friday. (©www.engineeringnews.co.za)
Joburg targets 150 000 public works job opportunities The City of Johannesburg would aim to create 150 000 job opportunities over the next five years through the Expanded Public Works Programme (EPWP), it said in a statement on Thursday. (©www.engineeringnews.co.za)
Brics should contribute to Africa development – Davies South Africa, which forms part of the Brics group of countries, which also includes Brazil, Russia, India and China, is increasingly turning towards economies of the South for economic growth and development, Trade and Industry Minister Dr Rob Davies said this week. (©www.engineeringnews.co.za)
Minister publishes proposed amendments to CIDB regulations Public Works Minister Thulas Nxesi has published proposed amendments to the construction industry development regulations in the Government Gazette, which would improve chances for emerging contractors to maintain grades on the Construction Industry Development Board (CIDB) register of contractors. (©www.engineeringnews.co.za)
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Structural Engineer Our client is a German based company with subsidiaries in the United States and various parts of Europe. Browse to Classifieds for full details.
Need engineers? The best way to advertise your vacancies are in the Classifieds section on the ASAQS website - it's absolutely FREE! Adverts for Engineers submitted to the Classifieds are also included in this newsletter. We also have a number of employment consultancies as sponsors, please see their adverts at the top of this newsletter.
From the Safcec newsletter:
SAFCEC sees Early Signs of Civil Engineering Recovery file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Trends in South Africa’s embattled civil engineering industry were showing definite, albeit modest, signs of recovery, a construction sector economist said on Thursday. Speaking on the state of the industry, the South African Federation of Civil Engineering Contractors (Safcec) economist Henk Langenhoven said that, after a 37% decline in industry turnover in 2010, indicators now showed an increase of 2% was possible in 2011.
North Branch The SAFCEC Northern Region includes Gauteng, Mpumalanga, North West, Limpopo and Free State. Almost 70% of SAFCEC members are based in the Northern Region. Our membership varies from Developing Contractors (1CE) to Established Contractors (9CE). Membership in the region has grown making the South African Federation of Civil Engineering Contractors the Contractor’s first choice in the Northern Region.
VISIT SAFCEC Sixty three years constitute two generations. The South African Federation of Civil Engineering Contractors has celebrated over sixty years of being the "midwife" of the development of South Africa. Its members were intimately involved in the creation of the infrastructure that became the envy of our continent. In the same spirit, SAFCEC has prepared itself for the challenges awaiting us in the new millennium. To catch up on the latest news click here
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GREEN BUILDING NEWS VIRUS OR HOAX? In case you ever receive an e-mail containing a virus warning please check carefully whether South Africa Launches First Solar Plant it refers to a real virus or a hoax. Usually e- The City of Ekurhuleni showed its commitment to promote low carbon technologies when executive mayor, mail warnings encouraging you to forward the information to all and sundry are hoaxes. You Mondli Gungubele officially unveiled the first and only solar plant in the country in Wattville, outside Benoni, on can make sure by visiting the Virus or Hoax? Friday. web site or by visiting the hoax list on (©www.eprop.co.za) Symantec
Be an informed Internet user and check the Affordable housing project unlocks green opportunities facts before forwarding an e-mail hoax to Recently launched development Nedbank financed Allandale View in Kaalfontein, Midrand, is set to benefit end- others! users not only from an affordability perspective, but also from a reduction in electricity usage. (©www.eprop.co.za) If you suspect that you have opened an e-mail containing a virus visit the virus information section on Virus or Hoax?The site also links Alexander Forbes celebrates its new green building to free virus-removal programs. Alexander Forbes, celebrates the official inauguration of its new eight-storey office building developed by FREE ANTI-VIRUS SCAN Zenprop, 115 West Street, as a milestone in South African green building technology and design. (©www.sacommercialpropnews.co.za) Click here for links to free ant-virus software and scanning facilities on the Net. Coming Soon: International experts on sustainability PC PITSTOP Several top international experts on sustainability are scheduled to start arriving in the country for the week of At PC Pitstop they will help you get your PC in top activity where they will be sharing their global insights with delegates. The 2012 Green Building Council of South form -- running fast, stable and secure. PC Pitstop runs diagnostics on your PC to identify things that Africa Master Classes, Convention and Exhibition are set to take place at the Waterfront and the CTICC from the might help improve performance. 23rd to the 25th of October. Visit PC Pitstop - it's free. (©www.sacommercialpropnews.co.za)
The green roof insulation brand South African housing complex designers and commercial project developers are pressed hard by the rising energy costs and the new building regulations that govern the use of energy in new buildings and major refits. file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News (©www.designmind.co.za)
Wind-site developer pursuing 2 000 MW SA pipeline Wind-energy site developer Windlab – which is participating in two projects that have already progressed to the preferred-bidder stage under South Africa’s Renewable Energy Independent Power Producer Programme (REIPPP) – reports that it is pursuing a further 14 near-term South African prospects that could collectively represent more than 2 000 MW of future capacity. (©www.engineeringnews.co.za)
SA’s renewables programme to be expanded by a further 3 200 MW South Africa will move to procure an additional 3 200 MW of renewable- energy capacity by 2020, over and above the 3 725 MW being procured currently under the Renewable Energy Independent Power Producer Programme (REIPPP). (©www.engineeringnews.co.za)
SA’s renewable energy advantages outlined At the International Infrastructure & Invest Convention, in Johannesburg, last month, South African Photo- voltaic Industry Association (Sapvia) board member Christopher Haw explained that a country’s success in renewable- energy projects depended on various aspects. (©www.engineeringnews.co.za)
Green Growth Still Setting the Pace Renewable energy markets and policy frameworks have evolved rapidly in recent years. Despite a challenging economic backdrop, reports reveal growth across all sectors. (©www.renewableenergyworld.com)
Schools Raise the Roof on Solar Energy In one 50-minute period last month, the Intro to Engineering students at Chatfield High School in Jefferson County, Colorado, charted the strength of solar panels at their desks, then climbed through a trap door to examine the 100-kilowatt solar array on their school's flat roof. (©www.renewableenergyworld.com)
Scottish Marine Renewable Energy: A New Wave of Development At the end of August, the Scottish Government announced that five marine energy developers will benefit from a total of £7.9 million in funding to further develop testing of new wave and tidal prototypes in the seas around Scotland. (©www.renewableenergyworld.com)
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MINING NEWS GET ACROBAT READER
Chamber of Mines renews efforts to stabilise gold sector You will require the FREE Acrobat reader to The Chamber of Mines (CoM) was cautiously optimistic of finding a resolution to end the wildcat strikes that enable you to read reports in this newsletter recently hit South Africa’s gold sector after delivering a “tweaked” proposal to unions this week. published in .PDF format (©www.miningweekly.com)
‘Business as usual’ at Lonmin’s Marikana Platinum miner Lonmin on Friday said operations at its Marikana mine, in the North West province, had returned file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News to normal after disruptions the previous day. (©www.miningweekly.com)
DiamondCorp to raise £1m for Lace mine Aim-listed diamond development and exploration company DiamondCorp on Friday reported it would aim to raise £1-million for the development of the Lace mine, in the Free State. (©www.miningweekly.com)
Samancor workers to return on Monday Chrome-ore mining and smelting group Samancor Chrome on Friday said it expected workers at its Western chrome mine, near Rustenburg, to return to work on Monday. (©www.miningweekly.com)
LME wants to add iron-ore, coking coal to products The London Metal Exchange, under ownership of Hong Kong Exchanges and Clearing, aims to expand its product offering beyond base metals to iron-ore, coking coal and iron-ore shipping, HKEx CEO Charles Li said on Friday. (©www.miningweekly.com)
Eastplats production down 19% TSX-, Aim- and JSE-listed Eastern Platinum on Thursday reported lower third-quarter production from its Crocodile River mine in South Africa. (©www.miningweekly.com)
AEMFC readies for second mine as losses mount SOUTH AFRICA’S state-owned miner, African Exploration Mining and Finance Corporation (AEMFC), posted a net loss of R48.7m during its 2012 financial year, yet stated that it has exceeded the operational targets it had to achieve. (©www.miningmx.com)
Chrometco hopes to transform fortunes ONE of the happy consequences of the unhappy shakedown in the platinum group metal (PGM) sector is that it may provide opportunity to new entrants. (©www.miningmx.com)
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NEWS FOR ESTATE AGENTS AND HOME OWNERS THE AGENTS' TOOLKIT Selected Repayment Dullstroom's leisure homes and farms Affordability - “What loan amount Dullstroom, known for its fly-fishing, offers buyers leisure homes and farm properties priced from R1.5m and do I qualify for? vacant stands from R300k. Bond Term - “How soon can I (©www.property24.com) pay off my Loan? Monthly Repayment - How much Privateproperty.co.za Helps Home Vulnerable Children is my monthly repayment? We feel privileged to be able to assist with the first LIV Village, which is situated on 31 hectares in Cottonlands, in Bond Costs - How much will my KwaZulu-Natal. (©www.privateproperty.co.za) bond cost be? Additional Payment - What Ballito becoming a choice for permanent residential destination happens if I pay extra each file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News With the coastal areas north of Durban continuing to attract home buyers, further boosted by commercial growth month? in areas such as Umhlanga, the town of Ballito is rapidly becoming more a permanent residential destination than Multiple Payments - What a holiday location as the demand for housing spreads ever further north. happens if I pay more than once (©www.sacommercialpropnews.co.za) per month? Tranquility Among the Trees There aren’t too many premier forest estates close to suburbia – let alone any that offer all the perks of city living BUILDING TERMS with the beauty of both a coastal setting and tranquil forest surrounds. Don't know your architraves from your (©www.junction.co.za) dados? Don't know your flaunchings from your transoms? Carefree Retirement in Scottburgh GET TO GRIPS WITH BUILDING Great weather and a relaxed atmosphere make Scottburgh, just 60km from Durban, an ideal coastal retirement TERMS destination. They have also ensured the near sell out of the first four phases of the Lakeview Gardens retirement lifestyle estate, which has in turn prompted the launch of phase five. (©www.junction.co.za)
Sought-after seaside Fresnaye homes The suburb of Fresnaye has a number of coastal homes that are attracting buyers looking for residential, buy-to- let and holiday properties. (©www.property24.com)
Franschhoek's country living homes Franschhoek, at the foot of the Drakenstein mountains, offers a tranquil lifestyle with houses priced at an average of R2.7m and units at R1.05m. (©www.property24.com)
Home Bargains on Offer in Arty Pringle Bay Pringle Bay in the Western Cape, famed for its seclusion and artists’ colony, now offers excellent value for homebuyers. (©www.junction.co.za)
Accommodation industry income up 11.7% Total income for the accommodation industry increased by 11.7 percent in the three months ended July 2012, according to Statistics South Africa. (©www.property24.com)
Special Report: The Ins and Outs of Student Accommodation Of the 530,000 students who registered at SA universities this year, there was room in the university residences for just 100,000 – or 18%. (©www.junction.co.za)
Extend entertainment areas with Trellidor Rollerstyle Trellidor Rollerstyle aluminium shutters are an attractive way to help secure homes, commercial premises and corporate office buildings. Trellidor offers a variety of curtain design options, tailored to suit the requirements, from complete privacy to security with a view. (©www.designmind.co.za)
Alternative solution to the housing challenge There is certainly no shortage of creativity or innovation in the South African psyche, judging by the vast number of alternative building technologies (ABT) on offer in the South African market today. Most of these systems are geared towards providing an affordable fast-track solution to the ever-increasing housing backlog in the country. (©www.designmind.co.za) file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News
Tips from the Pros: Pre-owned Versus Newly-built? Which would you choose to buy – a newly built home or a pre-owned property, and why? Darryl Trapido of RJD Properties replies: In order to answer whether it would be better to buy newly built property or renovate a pre- owned property, you need to look at your budget and what you are trying to achieve with that budget. (©www.junction.co.za)
Affordable home builder's R92m income Affordable homes builder RBA Holdings Limited’s revenue increased 11 percent to R92 million for the first half of the financial year to end June. (©www.property24.com)
It Pays to Save Having a saving reserve will not only help a consumer to achieve their goal of home ownership, it will also benefit them once they are homeowners and require extra money for upgrades, renovations or any unexpected circumstances. (©www.privateproperty.co.za)
Is it Wise to Buy Before you Sell? Suspensive sales, although a useful tool in a down market, can put a spanner in the works. (©www.privateproperty.co.za)
Women's property rights recognised In recent court judgements, women’s matrimonial property rights in South Africa were recognised, according to a property law expert. (©www.property24.com)
The Wrong Side of the Tracks Where there is smoke there is fire (and low priced properties). Conducting research before you buy will help you avoid costly property investment mistakes. (©www.privateproperty.co.za)
Sectional Title - Who Pays When Things Get Wet? The emergence of any kind of damp or water problem in sectional title (ST) schemes often gives rise to confusion – and sometimes frayed tempers - over who must pay for the necessary repairs. (©www.privateproperty.co.za)
SA Real Estate Industry transformation a priority A recent two-day Estate Agency Industry Affairs Summit was held at Gallagher Estate in Midrand to address the burning issues that are currently being experienced within the property industry. (©www.sacommercialpropnews.co.za)
Eagle Eye: All You Need to Know About the OTP Once you have found a home you want to buy, it’s time to make an Offer to Purchase (OTP), but for many buyers this legal document is a bit daunting. (©www.junction.co.za)
Mortgage finance advances improve Interest rates are forecast to remain low over the next 18 months, supporting the property market and the affordability of mortgage finance. (©www.property24.com) file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News Stop Blaming the Agent As a rule, estate agents do not have a hidden agenda. They price your home at a certain amount because they generally know just what buyers are really willing to pay. (©www.privateproperty.co.za)
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NEWS FROM AFRICA
Actis Breaks Ground for Phase Two of Nairobi Business Park Construction works for the second phase of the Nairobi Business Park have started after the developer broke ground yesterday. (©www.eprop.co.za)
‘Joint ventures could be key’ to SA property expansions into Africa LOCAL property companies looking to expand into Africa should consider doing so via joint ventures with seasoned developers on the continent, such as Atterbury, Alternative Real Estate fund manager Maurice Shapiro said on Thursday. (©www.eprop.co.za)
PGP crowned Gold for Best Estate Agency in Africa Pam Golding Properties has been awarded Best Estate Agency in Africa by the international Overseas Property Professional (OPP) Awards for Excellence in 2012 held in London. (©www.sacommercialpropnews.co.za)
ERC Launches Addis Ababa Rail Project The Ethiopian Railway Corporation and AA-LRT project announced that the project construction work has already been started after finalizing all the necessary preconditions and preparations. (©www.constructionreviewonline.com)
$4.5 Million Theatre for Khomasdal and Katutura Two theatre groups are vying for the construction of a massive $4.5 million community theatre project to serve the communities of Khomasdal and Katutura. (©www.constructionreviewonline.com)
East Africa’s First 5-star Marina to be launched in December Construction work for East Africa’s first five-star marina will be completed in December, according to its developers. (©www.constructionreviewonline.com)
S Sudan expects first oil exports in 90 days after restart South Sudan expects its oil exports to come back to the market in three months after the government ordered oil companies to resume production on Thursday, its oil minister said. file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News (©www.engineeringnews.co.za)
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THIS WEEK'S ECONOMIC INDICATORS TAILPIECE
When the husband finally died his The indicators as on wife put the usual death notice in the 19 Oct 2012 at 15:45 paper, but added that 'he died of This week 13/10/2012 gonorrhea'. Rand/$ 8.61 8.62 No sooner were the papers delivered Rand/£ 13.81 13.87 when a friend of the family phoned and complained bitterly, "You know Rand/€ 11.24 11.18 very well that he died of diarrhea, not Gold/oz $1737.55 $1764.95 gonorrhea." Replied the widow, "I JSE All Share 36832.99 36391.98 nursed him night and day so of course I know he died of diarrhea, but FNB wins Innovative Banking Award I thought it would be better for First National Bank (FNB), took top honours at this year’s BAI - Finacle Global Banking Innovation Awards, posterity to remember him as a great winning the “Most Innovative Bank of the Year” award at the event held in US city Washington, D.C on Tuesaday, lover rather than the big shit he 9th October. always was." (©www.sacommercialpropnews.co.za)
Eskom to submit next tariff application as electricity supply remains tight When I went to lunch today, I noticed SA’s power supply would remain tight until the first units of two major new power plants started to come online – an old lady sitting on a park bench Eskom which will soon submit its next tariff application to the energy regulator - moves to do more maintenance sobbing her eyes out. I stopped and on its plants. asked her what was wrong. She said, (©www.sacommercialpropnews.co.za) "I have a 22 year old husband at Salary increase freeze to cost SA R5bn in lost tax revenue home. He makes love to me every Freezing salary increases at executive management level for a year would cost the country R5-billion in lost morning and then gets up and makes income-tax revenue, Econometrix chief economist Azar Jammine said on Thursday. me pancakes, sausage, fresh fruit and (©www.fin24.com) freshly ground coffee." I said, "Well, then why are you Low cost airlines 'here to stay' crying?" Low cost carriers are more relevant today than ever, low cost airline Mango said on Friday. (©www.fin24.com) She said, "He makes me homemade soup for lunch and my favorite JSE slips, gold shares weigh brownies and then makes love to me The JSE slipped in early trade‚ with selling pressure in gold shares weighing on the All Share index. for half the afternoon." (©www.fin24.com) I said, "Well, why are you crying?" She said, "For dinner he makes me a Rand, bonds firm slightly gourmet meal with wine and my The rand and bonds are steady with investors choosing to stay on the sidelines until a clear domestic economic favorite dessert and then makes love picture emerges. (©www.fin24.com) to me until 2:00 a.m." I said, "Well, why in the world would KEY ECONOMIC INDICATORS you be crying?" file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News She said, 'I can't remember where I Economic Data and Forecasts live!' Economic data and economic information about South Africa and the region. Market trends, economic reviews and forecasts. Economic indicators such as interest rates, exchange rates, repo rate, interbank rate, forward Some people are like slinkies - not rates, monetary aggregates, consumer price index and producer price index. really good for anything, but they bring a smile to your face when pushed A summary of data available from various institutions is available on the SA Financial Sector Forum Website at down the stairs. http://www.finforum.co.za/econdata.htm
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Change of e-mail address? Please Note: Do you wish to continue your subscription to the Weekend Property and The Weekend Property and Construction Newsletter is at Construction News? Then do the following : present only available in HTML 1- unsubscribe your old e-mail address. format. Webmaster ASAQS 2- subscribe using your new e-mail address with our subscription box on the left file:////BERTPC/Weekend%20Property%20News/Issues/2012%20Issues/201012.htm[2013/04/08 12:11:09] Weekend Property & Construction News © www.asaqs.co.za. All content belongs to the respective media companies as referred to in each summary. All other information remains the ownership of www.asaqs.co.za. All rights reserved.
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