Weekend Property & Construction News

Weekend 28 / 29 March 2009 Circulation : exceeds 4,750 subscribers

Property and Construction related articles featured on the Internet during the past week brought to you by ASAQS. Editor: Bert van den Heever News specific to the quantity surveying profession is reflected at the bottom of this newsletter. 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/property_news.html

Quantity Surveying News Construction and Development ASAQS NEWS News Retail Roundup ASAQS BOARD MEETING : 02 AND 03 APRIL 2009 Newsflashes for Architects Project Management News Members are advised that the next full Board meeting of the ASAQS is scheduled for Thursday 02 and Engineering News Friday 03 April 2009 at the ASAQS offices in Midrand. It promises to be a busy meeting with many News for Estate Agents and important items placed on the agenda for discussion and debate. A full report will be prepared and Home Owners distributed to all members on conclusion of the meeting. Latest property news Business Incentives News from Africa COMBINED PRESIDENTS / VICE PRESIDENTS TOUR 2009 Mining News Members are advised that the combined Presidents and Vice Presidents Tour 2009 has been completed The Agent's tool kit and is now a thing of the past. The only visit still outstanding is the visit to the Namibian Institute in Building Terms Windhoek, which will be undertaken on 23 and 24 April 2009. The following persons visited all the Weekly Economic Indicators Chapter regions around the country to meet with the general membership and to discuss items of interest Key Economic Indicators surrounding the activities of the ASAQS : Free Contracts Tailpiece • Professor Rob Pearl (President of ASAQS) • Mr Indresen Pillay (Vice President of ASAQS) • Mr Egon Wortmann (Executive Director of ASAQS)

A special words of thanks to all the Chapter committees and members that made all the arrangements and hosted the visiting party with such hospitality and kindness. This tour enabled the ASAQS members Now in electronic format and to meet with the ASAQS executive members and to share their experiences, expectations and concerns regularly updated. For more Subscribe to the Newsletter with each other. We wish to thank all the members who gave of their time to support these functions in information call 086 111 1273 or visit our website . Update your information their respective regions.

Whilst many interesting subjects were discussed and debated on this tour, a more comprehensive report- back will be prepared and distributed to all members after the forthcoming Board meeting scheduled for Thursday 02 and Friday 03 April 2009. file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News

First Name: Offering South Africans the best WE WELCOME THE CSIR AS A SPONSOR available solutions since 1929 Your profession The Council for Scientific and Industrial Research (CSIR) has a track record spanning more than 60 years Other and a reputation for spearheading ground-breaking research in the fields of science, engineering and technology. We wish to collect the names and professions of our old subscribers in order to personalise our newsletter CSIR Built Environment is firmly committed to making a practical contribution towards South Africa's in the future. All you need to do is infrastructure. In turn, this has a direct impact on economic growth and addresses a number of socio- submit your name and select your profession... our computers will do economic challenges that our beautiful country currently faces. the rest! Prospective Researchers, Engineers and Scientists with a passion for the built environment, do you subscribe to a philosophy of excellence? We do... So maybe we should talk. If you are interested in learning, growing and making a difference, please forward your CV to Karien Strydom or telephone her at (012) 841-2057.

AAQS EXECUTIVE COMMITTEE MEETING : 20 MARCH 2009 First Name: We are pleased to advise that the Executive Committee of the Africa Association of Quantity Surveyors (AAQS) met in Maputo, Mozambique of Friday 20 March 2009 as one of the three annual AAQS E-mail: meetings scheduled for somewhere in Africa. The meeting was well attended by the Executive Committee

members from across Africa and a fruitful meeting was held to attend to the ongoing activities of the Your profession AAQS in Africa. Other To read more about the meeting and view some photographs please visit the ASAQS website.

Subscribe: Un-subscribe: STRIKING OF MEMBERS AND PRACTICES DUE TO NON-PAYMENT OF FEES

Please make sure that you are Members are advised that in spite of numerous requests and appeals to some members and practices to connected to the Internet before you press the GO! button. We value pay their outstanding fees due to the ASAQS, it has sadly resulted in some members and practices your subscription. recently having been struck from the membership roll of the ASAQS due to their ongoing non-payment of fees. This action was undertaken in terms of clause 6.5 of the Constitution of the Association.

In the event that members and/or practices may believe that they have already paid some or all of the above outstanding fees, we would appeal to such members/practices to please contact the offices of the ASAQS without delay so that any possible misunderstanding may be amicably sorted out. Any queries in this regard should be directed at Ms Merilda Naicker (telephone 011 - 315 4140) at the ASAQS offices.

It should further be noted that a full list of all members and practices that have been struck will be placed on the ASAQS website (www.asaqs.co.za) within the next few days.

Website Closed User Group (CUG) file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News

Struck members are advised that any member who is not a fully paid up member of the ASAQS will also not be permitted further free access into the CUG section of the ASAQS website (www.asaqs.co.za). All members that are struck due to non-payment of fees will have their CUG status immediately cancelled without further notice, thereby denying further access into the CUG section of the website. This will only be reinstated in the event of that the member has settled all outstanding debts, paid the necessary penalty fees and had the membership satisfactorily reinstated.

Full report on the ASAQS website.

NEW CHAPTER BRANCH IN THE UAE

Members will recall that they were advised last year that the ASAQS Board had resolved and agreed that due to popular demand, a new Chapter branch of the ASAQS should be established in the United Arab Emirates (UAE), the official seat of which was to be situated in Dubai.

In order to kick-start the process, the President of the ASAQS, Professor Rob Pearl, visited Dubai on Thursday 12 March 2009 and made himself available to spend the day in Dubai to meet with as many of the ASAQS members as possible for a preliminary meeting to discuss and investigate the possibilities and practicalities of establishing the UAE Chapter of the ASAQS. On his return, the President reported on his meeting with the members and his report is available on the ASAQS website.

SKILLS MODULES TO REPLACE COUNCIL EXAMS

Starting on 1 January 2013, all NEW Candidates who apply for registration - on or after 1 January 2013 - in terms of the Quantity Surveying Profession Act 2000 (Act No 49 of 2000) will be admitted to Interviews for Assessment of their Professional Competence only if they produce certificates to prove that they have successfully completed all the prescribed SACQSP Professional Skills Modules during their post-qualification terms as employed, supervised, mentored, Candidates.

Visit the SACQSP website to find out more.

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, attached the preliminary dates of some of these congresses for your attention (more details to follow) :

Green Building Council SA Green Star Accredited Professional Courses • 15 April 2009 - The Forum, The Campus, Bryanston, Gauteng file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News

• 17 April 2009 - Venue TBA - Durban, KwaZulu Natal • 21 April 2009 - Vineyard Hotel, Claremont, Cape Town

The Fourth Built Environment Conference 2009 (Hosted jointly by ASOCSA and the CBE) 17 to 19 May 2009 - Livingstone, Zambia 1st Call for papers

ASAQS Conference 2009 - POSTPONED 21 to 22 May 2009 - Port Elizabeth, Eastern Cape

ICEC World Congress 2010 21 to 26 May 2010 – Singapore

AACE's 53rd Annual Meeting - Seattle, Washington Sunday, June 28, 2009 through Wednesday, July 1, 2009

Green Buildings Conference 2009 7 to 8 July 2009 – Sandton Convention Centre, Johannesburg

IPD/SAPOA Property Investment Conference 2009 30 to 31 July 2009 – BMW Pavilion Conference Centre, Cape Town

PAQS Conference 2009 17 to 19 August 2009 – Kuala Lumpur, Malaysia

RICS Legal Research Symposium 2009 10 to 11 September 2009 - Cape Town, Western Cape

MBSA Congress 2009 27 to 29 September 2009 - Sandton Convention Centre

SAFCEC Conference 2009 11 to 12 October 2009 – Champagne Sports Resort, Drakensberg

SACQSP Academic Conference 2009 17 October 2009 – Durban, KwaZulu Natal

ICEC World Congress 2012 23 to 26 June 2012 – Durban, South Africa

Members are encouraged to plan ahead and to support these conferences/congresses !!

CLASSIFIEDS file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News

PRQS - Mozambique PQS firm with an office in Maputo, Mozambique is seeking a Senior Quantity Surveyor with 8 - 12 years QS & Project Mnagement experience on building & civil projects. Browse to Classifieds for full details.

SENIOR QUANTITY SURVEYOR - Gauteng An established and busy building contractor in Johannesburg is seeking a qualified and experienced Quantity Suveyor. Browse to Classifieds for full details.

REGISTERED PQS – WEST RAND - SOUTH AFRICA Long term prospects for a PQS who has solid mining related experience both underground and surface. Browse to Classifieds for full details.

CIVIL QUANTITY SURVEYOR for Mozambique Major SA Civil Contractor with contracts in Mozambique is URGENTLY seeking a qualified & experienced civil quantity surveyor to be based on site in Mozambique. Browse to Classifieds for full details.

SENIOR QUANTITY SURVEYOR - Rwanda Exciting opportunity to work for a European Contractor in Africa - Rwanda. Browse to Classifieds for full details.

CIVIL ESTIMATOR CIVIL ESTIMATOR with strong PILING and GEOTECHNICAL estimating experience URGENTLY required by major Civil Contractor. Browse to Classifieds for full details.

QUANTITY SURVEYOR - Building Major Building Contractor seeking a qualified and experienced QS. Browse to Classifieds for full details.

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

6 - 9 April 2009

Event: Intermediate: ProjectFlow Time: 8:15 AM - 4:30 PM Information: This project management course will take place from the 6-9 April 2009 at the Centurion Lake Hotel, Centurion. For more info contact Terry Deacon on 0825573119 Contact: Antoinette Monama [email protected] Phone Number: 012 346 6674

15 - 17 April 2009 file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News

Event: Skills Programme 1: Structuring & Starting Your Pr Time: 8:15 AM - 4:30 PM Information: This course will take place from the 15-17 April 2009, in Midrand. For more info contact Terry Deacon on 0825573119 Contact: Antoinette Monama [email protected] Phone Number: 012 346 6674

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.

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

Maintaining stadia after 2010 will be important As South Africans we are very proud to be hosting the 2010 Soccer World Cup, and much work is going into creating world class stadia, either new or refurbished, in which to host matches. (©www.eprop.co.za)

Vital to maintain stadia after 2010 Retaining the top-class international condition of these sport stadia will be imperative to these assets, in order to maximise their value, says an expert. (©www.property24.com)

Don’t lose your shorts renting your home in 2010 As the world turns its attention to South Africa for the 2010 world cup many South Africans are thinking to cash in on this bonanza by renting their homes, or part of their homes, to tourists. (©www.eprop.co.za)

Mixed-use Malakite Park takes green approach Balwin Properties is developing the R2bn Malakite Park in Greenstone Hill, which includes 50000m² of AAA-grade offices, a four-star residential hotel. (©www.eprop.co.za)

First phase of Sandton City's R1,77 billion refurbishment project commences file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News

Construction on the first phase of the redevelopment and expansion of Sandton City has commenced, marking the beginning of a landmark R1,77 billion refurbishment project recently announced by Liberty Properties Development – a division of the Liberty Group. (©www.eprop.co.za)

Prime property up for grabs What you get : One of Johannesburg’s most prominent buildings will be sold by auctioneer Aucor at its next auction at Banner adverts on the the Inanda Club on 31 March. (©www.eprop.co.za) ASAQS website (675,000 hits/month!) Wind farms want higher feed-in tariffs A Mini-ad on the ASAQS MAINSTREAM Renewable Power, an Irish renewable energy company, and local wind farm developer website and on the Weekend Genesis Eco-Energy plan to build wind farms in SA at a cost of R11bn that will generate more than Property and Construction 500MW by 2014, the companies said yesterday. News (4,750+ subscribers) (©www.businessday.co.za) Preferential exposure of your products and services New overheads for motorists Targeted marketing at only In a move that could signal the end of toll booths in SA, government is poised to introduce the first of a R484.50 (inclusive) per new scheme, open road tolling. (©www.eprop.co.za) month

Stefstock has strong drivers for growth Don't wait, we only have a limited LAST week I wrote a bit about Stefanutti Stock Holdings (Stefstock) before I digressed to some comments number of slots left. Click here to on Anglo and became engrossed in Discovery’s plan to buy back odd-lot shares. download the sponsorship form or (©www.businessday.co.za) contact Bert van den Heever the ASAQS Webmaster Not too worried about M&R’s cancelled order DURING the course of Wednesday afternoon, Murray & Roberts (M&R) reported, as you would have read in yesterday’s newspaper, that the Tameer Towers project in Abu Dhabi had been terminated. M&R’s one-third share of the contract was worth about R5bn. (©www.businessday.co.za)

Turning the spotlight on the media Property journalists in both the print and broadcast media are key to a vibrant and competitive property market. To acknowledge their critical contribution, the commercial and property industry takes the time annually to turn the tables on SA’s property media and shine a spotlight on them. (©www.eprop.co.za)

Emira Property Fund in a buying mood Emira’s property portfolio was valued at around R7,7bn last December, but Templeton says the intention is to grow that in the next twelve months. (©www.eprop.co.za) file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News

Ambit acquisition by ApexHi considered yield enhancing If ApexHi’s proposed bid to acquire all the linked units in Ambit is successful, the R2,4-billion property portfolio will be incorporated into the existing ApexHi portfolio to create a portfolio worth R11,7-billion (©www.eprop.co.za)

Putprop - Interim earnings leap 12% a share Headline earnings a share at Putprop grew 12 percent a share to 33.3c in the six months to December, the property investment firm said yesterday. (©www.busrep.co.za)

EMPLOYMENT CORNER

COMMERCIAL MANAGER - Botswana COMMERCIAL / CONTRACTS / QS MANAGER - Gabarone - Botswana. Major South African Roads and Earthworks Contractor URGENTLY seeking qualified and experienced COMMERCIAL MANAGER to handle their contracts in Botswana. Browse to Classifieds for full details.

Project-Contracts Manager / Quantity Surveyor / Site Manager and Procurement/Logistics Manager We are a 12 year old active and fast growing construction company with a large joinery manufacturing division. We are based in Dar es Salaam, Tanzania. 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.

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RETAIL, HOTEL AND LEISURE ROUNDUP BUSINESS INCENTIVES Tax Incentives Rand Park golf club gets luxuries Research and development A luxury hotel, a spa and eventually also villas will be built at Johannesburg's biggest gold club, the Rand incentives Park club near the Cresta shopping centre in Windsor Glen. Competitive enhancement incentives (©www.property24.com) Export incentives Industrial financing Hotel has extensive accommodation and retail centre ALLIANCE Group will auction the Mahem Hotel and adjacent convenience centre, at 495 Richards Bay Industrial participation Avenue, Kirkney, Pretoria, next month. Social responsibility (©www.eprop.co.za) FREE CONTRACTS Melrose Arch shopping piazza to open with new generation of sophisticated shopping Domestic Employment Melrose Arch is the beating pulse of all that is vibrant in Johannesburg and hearts will soon be racing as Offer to purchase the greatly anticipated opening of the R1 billion Melrose Arch Shopping. Lease agreement (©www.eprop.co.za) Loan agreement file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News Agreement of sale New mall opens its doors Will Developers of the new multi- million rand shopping centre in Beacon Bay are confident of success, An Agreement giving General Power despite the gloomy economy. of Attorney (©www.eprop.co.za) Contract for Housing and Minor Historic hotel shuts doors Works One of South Africa’s most historic and luxurious hotels and its award-winning restaurant has become the latest casualty of the global economic crisis. (©www.eprop.co.za)

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NEWSFLASHES FOR ARCHITECTS THE ASAQS WEBSHOP Please note that the ASAQS PIA SALARY SURVEY webshop is back on line for all your Due to an ever increasing demand for some indication as to what architectural members earn, we are document requirements. once again conducting a salary survey. We would like to encourage all architectural staff to complete this survey in order for us to have accurate statistics.

The survey has been sent out to all our members. We would like to urge all architectural staff in South Africa to participate in this survey and not only members of the PIA.

This will only take 5 minutes of your time to do this on-line survey.

Please go to: http://www.pia.org.za/survey.asp

Great Buildings Boke House, by Bernard Maybeck, at Berkeley, California, 1902. (©www.greatbuildings.com)

EMPLOYMENT CORNER

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.

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 Cutting Costs with a Scalpel Not a Chainsaw From 1945 to 1965, the financial market in the U.S. moved upward. It then moved sideways until 1982, View local and international events and up again until 2000. Right now, we are engaged in another great sideways movement. It could on the project management continue for another decade or so, and as businesses fail and members of congress pound their fists, it calendar as listed by ProjectPro. is natural to fear for the future. (©www.projectmagazine.com) ProjectPro ...linking vision to reality EMPLOYMENT CORNER Visit ProjectPro® today Project Manager/QS - Gauteng Our client requires a Qualified QS with a project management/quantity surveyor from a construction background in Gauteng. Browse to Classifieds for full details.

Consulting Project Manager Get involved from the start! Our client is a reputable & long established local Project Management consultancy, with an impressive array of projects in their pipeline. Browse to Classifieds for full details.

Senior Project Manager This role is part of a team providing project management services to existing clients within Maputo as well as actively participating in increasing the existing client base. Browse to Classifieds for full details.

Senior Project Manager Senior Project Manager required for Durban based Project Management/Engineering company. Browse to Classifieds for full details.

Retail Project Manager - JHB An amazing opportunity for a retail project manager to join one of South Africa's innovative retail chains stores. 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 file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News of 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

Eastern Cape shows the way with energy-independent house design An energy-efficient building integrated photovoltaic (BIPV) house has been constructed at the University of Fort Hare's Alice campus, in the Easten Cape, and is now fully operational and being monitored and studied. (©www.engineeringnews.co.za)

R14,9m civils contract awarded for near-Kruger property development Civil engineering contractor Odoko, of Gauteng, has been awarded a R14,9-million contract for the construction of internal civil engineering services for the 4 000-ha Mjejane Game Reserve and River Lodge on the border of the Kruger National Park. ©www.engineeringnews.co.za)

New consulting giant to focus energies on large infrastructure project pipeline The recent three-way merger between Connell Wagner, of Australia, and Africon and Ninham Shand, of South Africa, to form Aurecon, effectively created a new South African consulting-engineering giant that is four-times larger than its nearest domestic competitor. (©www.engineeringnews.co.za)

Esor proposes name change to reflect Franki brand The shareholders of JSE-listed geotechnical engineering firm Esor will meet on April 20 to consider a proposal to change the company’s name to Esorfranki. (©www.engineeringnews.co.za)

Residential developer sets sights on commercial opportunities Developer Balwin Properties, which has hitherto concentrated mainly on residential property projects, says it will enter the commercial property market in a big way with its R2-billion Malakite Park development at Greenstone Hill, in Modderfontein, near Kempton Park. (©www.engineeringnews.co.za)

EMPLOYMENT CORNER

Senior Tunneling Engineer - Ladysmith Due to continued infrastructure developments in South Africa, our client is now looking for experienced tunnelling professionals; ideally with civil and structural consulting engineer bakground, you will have extensive tunnelling experience and be able to advise and consult the client on all technical matters in this respect. Browse to Classifieds for full details. file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News Projects & Programming (Engineering/Technicial) Cape Town Want to get involved with the 2010 frenzy? This could be your opportunity! Browse to Classifieds for full details.

Cost Engineer This is now an URGENT requirement! Do you want to be involved in one of the biggest projects in South Africa's history? Well this could be your opportunity to be part of it. Browse to Classifieds for full details.

Concrete Specialist Our client is currently in a JV with several other big international players completing the Gautrain Project. Due to the project gaining monentum in recent months they are now looking for specialists to join the team. 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:

KwaZulu Natal News Youth in Construction Last year in September, this event was hosted by SAFCEC, CESA, CIDB, GMBA and DOE in Gauteng (4000 learners attended). This year KZN are hosting the event in Durban from 27-31 July 2009. The Dube Trade Port has expressed interest as main sponsors for the event, and members in KZN are requested to support the week. Please contact the office if you want to sponsor or exhibit at the event.

SAFCEC Sports Day, Friday 3 April 2009 Time has come again for companies to tackle one another on the playing grounds!

SAFCEC Training CMP (Construction Management Program) – Stellenbosch The 2009 Construction Management Program will be from 21st June – 18th July 2009. There are limited seats available, therefore to ensure your place, please book as soon as possible. The application form and program are being finalised.

CETA – Mandatory Grants We had a meeting with the CETA COO yesterday and he mentioned that there would be an advert in the newspapers this coming week. CETA will request companies that haven’t received their mandatory grants during the last couple of years, to resubmit their WSP and ATR. This will then be reviewed and the grants will be paid if the plans are approved. Please be on the lookout for the CETA advert.

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. file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News To catch up on the latest news click here

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NEWS FROM AFRICA VIRUS OR HOAX? In case you ever receive an e-mail containing a virus warning please check carefully whether Diamond slump a risk for Botswana's rating – Moody's it refers to a real virus or a hoax. Usually e- mail warnings encouraging you to forward the A possible sharp rise in public debt and lower revenue due to a prolonged slump in diamond demand information to all and sundry are hoaxes. You could put Botswana credit ratings at risk for downgrade, Moody's said on Wednesday. can make sure by visiting the Virus or Hoax? (©www.miningweekly.com) web site or by visiting the hoax list on Symantec

Shanghai Electric wins Botswana deal Be an informed Internet user and check the CIC Energy, the company developing the Mmamabula energy complex in Botswana, yesterday facts before forwarding an e-mail hoax to announced that it had awarded the engineering, procurement and construction contract for the others! construction of a power station in the complex to Shanghai Electric. If you suspect that you have opened an e-mail (©www.businessday.co.za) containing a virus visit the virus information section on Virus or Hoax? The site also links Tanzania sees growth slowing to 6,5% in '09 to free virus-removal programs. Tanzania's economic growth is expected to slow to 6,5 percent this year, from an estimated 7,5 percent FREE ANTI-VIRUS SCAN in 2008, a senior finance ministry official said on Friday. Click here for links to free ant-virus software and (©www.engineeringnews.co.za) scanning facilities on the Net.

De Beers JV mine in Namibia to close for 3 months PC PITSTOP De Beers' diamond joint venture in Namibia has received government approval to halt production from At PC Pitstop they will help you get your PC in top form -- running fast, stable and secure. PC Pitstop April 1 for three months due to weak sales, Namdeb said on Wednesday. runs diagnostics on your PC to identify things that (©www.miningweekly.com) might help improve performance. Visit PC Pitstop - it's free. Mozambique, SA to build $620m fuel pipeline A Mozambican and South African consortium, Petroline Holdings, plans to start building a $620-million oil pipeline linking Johannesburg to the port of Maputo before the end of this year. (©www.engineeringnews.co.za)

Zim govt reviewing mining claims, threatens to repossess unused ones The Zimbabwe government says it has started reviewing mining claims awarded in the past and will soon move to repossess all claims that are not being used or were “improperly awarded” to undeserving applicants. (©www.miningweekly.com)

Camec restarts DRC cobalt mine as market strengthens London-listed diversified miner Central African Mining & Exploration (Camec) has restarted cobalt operations in the Democratic Republic of Congo (DRC), following a recent strengthening in the cobalt market. (©www.miningweekly.com)

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MINING NEWS GET ACROBAT READER

AngloGold provides R10m for Pamodzi wages, begins technical study You will require the FREE Acrobat reader to Gold major AngloGold Ashanti on Friday agreed to provide R10-million for wages at Pamodzi Gold’s enable you to read reports in this newsletter provisionally liquidated Orkney gold mine and simultaneously began a five-day technical study into the published in .PDF format impact of a possible closure of the Orkney mine. (©www.miningweekly.com)

Aquarius unveils plans to raise $249m related to Ridge acquisition Midtier platinum-miner Aquarius Platinum on Thursday announced plans to raise between $233-million and $249-million through an equity capital raising and a convertible bond issue, to fund plans that formed part of its proposed acquisition of Ridge Mining. (©www.miningweekly.com)

De Beers diamonds embedded in Ontario legislative mace Two of the first diamonds produced from De Beers Canada's Victor mine, in Ontario, now enjoy pride of place in the province's historical legislative mace, which was presented to Parliament on Tuesday in a special ceremony after undergoing scheduled replating and repair. (©www.miningweekly.com)

Burnstone mine likely to start extraction GOLD miner Great Basin Gold has raised enough funds to complete building its Burnstone mine in SA and expects to start extracting gold in the second quarter of this year, it said yesterday. (©www.businessday.co.za)

BHP, Rio wilt in heat of commodity meltdown BHP Billiton will axe Australian jobs, while rival Rio Tinto will shut down a smelter as world commodity demand weakens. (©www.busrep.co.za)

Sylvania ramps up production SYLVANIA Resources, which extracts platinum group metals (PGMs) from tailings, has started to ramp up production at its Lannex plant towards a goal of 2100oz of these metals a month by June, it said yesterday. (©www.businessday.co.za)

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NEWS FOR ESTATE AGENTS AND HOME OWNERS THE AGENTS' TOOLKIT Property Research Beachfront jewel shines Investments & Personal Finance PEARLS of Umhlanga, a self-contained lifestyle development situated on the KwaZulu-Natal Umhlanga Research Rocks beachfront, promises residents a new dimension of sophisticated living. Quarterly Economic Perspective (©www.businessday.co.za) Bond Repayment Calculator Selected Repayment It's bargain time on the Atlantic Seaboard Affordability - “What loan amount file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News Expensive properties on the Atlantic Seaboard have come down in price, presenting the perfect buying do I qualify for? opportunity for those who wish to own property in the area, according to Di Reid, principal of the Atlantic Bond Term - “How soon can I Seaboard Chas Everitt International franchise. pay off my Loan? (©www.rodneyhayter.com) Monthly Repayment - How much Oyster Bay could be a pearl for investors is my monthly repayment? The quiet holiday village of Oyster Bay on the Eastern Cape coast holds significant potential for property Bond Costs - How much will my investors, according to John Cooper, principal of the local Chas Everitt International franchise. bond cost be? (©www.rodneyhayter.com) Additional Payment - What happens if I pay extra each Jan sales for Claremont up 30% month? January sales in Cape Town's Claremont and surrounding areas were 30% higher than in 2008. Multiple Payments - What (©www.property24.com) happens if I pay more than once CAPE BAY BEACH RESORT. You can own a slice of paradise per month? CAPE Bay Beach Resort is a newly launched residential development on the north coast of Mauritius in Estimated Building Replacement the idyllic beach setting of Bain Boeuf, only five minutes from the popular Grand Baie area. Cape Bay Cost Beach Resort is not the usual Integrated Resort Scheme (IRS) property investment though. (©www.businessday.co.za) Buying a home - step by step guide WC gives R37,4m for infrastructure Selling a home - step by step guide The Western Cape provincial government has committed R37,4m to the construction of a conventional water treatment works, downstream of dams and upstream of the existing reservoir in the Drakenstein BUILDING TERMS municipality for this financial year. (©www.property24.com) Don't know your architraves from your dados? Don't know your Easy living in vineyard with views flaunchings from your transoms? INVESTORS have a unique opportunity to buy into two key residential development sites, described as GET TO GRIPS WITH BUILDING probably the last of their kind in the Western Cape. TERMS (©www.businessday.co.za)

Sea air and sand castles BEAUTIFUL tropical gardens define the setting of the Casasola residential development, situated some 3km from Grand Baie on the northern coastline of Mauritius. This Real Estate Scheme (RES) development allows foreign investors the chance to own a luxury island villa that is stylish and modern Receive weekly property news and includes a private swimming pool. updates via e-mail. (©www.businessday.co.za) Click here to register.

Rich rewards at Valriche FINANCIAL markets crashed the world over, and so did the property market. However, one island’s property market continues to provide an excellent return on investment — Mauritius. (©www.businessday.co.za)

1 in 3 in PE is consolidating debt One in three homeowners in Port Elizabeth with debt problems has taken the debt consolidation course. (©www.property24.com)

Consumers urged to consolidate their debts A leading Port Elizabeth estate agent advises consumers with debt concerns to consolidate the collective handling of their arrears through companies specialising in debt review services. (©www.rodneyhayter.com) file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News

New survey shows Jhb market carnage Sales volumes have dropped by up to 100% in some Johannesburg suburbs and home prices have fallen substantially in most parts of the metropole. (©www.property24.com)

400 units launched in downtown Jhb The wraps are off over 400 new rental apartments in downtown Johannesburg in the old Greatermans building. (©www.property24.com)

WR average price now R1m The average selling price for the West Rand in February was just R1m – slightly higher than the preceding months. (©www.property24.com)

Cook in colour Regardless of whether your kitchen boasts a rustic country style, or whether it is über contemporary, the creative use of colour represents an attractive way of rejuvenating this hard-working, all-important family space. (©www.property24.com)

Cure for housing woes? Banks are now almost too aware of possible difficulties faced by bond applicants, are too stringent in applying the NCA and far too concerned about shareholders’ reactions. (©www.eprop.co.za)

Here are the new investment hotspots Astute property investors are starting to move into bargain-hunting mode, with real estate prices at five year lows in many countries across the globe, says a report released earlier this week by UK property group Knight Frank and Citi Private Bank. (©www.property24.com)

Tito urged to shake off “slow-to-change” attitude Yesterday’s announced one percent drop in the interest rate by the SA Reserve Bank is welcome – but will have to be followed soon by cuts of at least a further one percent if the SA residential property market is to recover momentum and start seeing value rises. (©www.rodneyhayter.com)

Property Tip of the Day 102 – Body Corporate Committees If you own an apartment or townhouse in a sectional title property, make absolutely sure that your body corporate is competent and, if possible, get onto the committee yourself. (©www.rodneyhayter.com)

Rates Reaction – Sotheby’s The real importance of this week's one percentage point cut in interest rates is that it will help existing homeowners to keep their homes and start to turn the tide of bond defaults and repossessions. (©www.rodneyhayter.com)

Rates Reaction – Integer The announcement of a further 100 bps cut is welcome news to hard-pressed consumers, Simon file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News Stockley, CEO of Integer Home Loans, says in a media statement. (©www.rodneyhayter.com)

New survey shows Johannesburg’s market carnage Sales volumes have dropped by up to 100 percent in some Johannesburg suburbs and home prices have fallen substantially in most parts of the metropole, according to the Gauteng Property Price Indicator (GPPI) produced annually by Sotheby’s International Realty in SA. (©www.rodneyhayter.com)

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THIS WEEK'S ECONOMIC INDICATORS TAILPIECE

Only in America...... do they have The indicators as on drive-up ATM machines with 27 March 2009 at 16:31 Braille lettering. This week 21/03/2009 Rand/$ 9.6300 9.6700 This guy staggers into a bar and Rand/£ 13.8000 14.0200 shouts, "A double whisky please barman, and a drink for everyone Rand/€ 12.7900 13.1900 here… and while you're at it, have Gold/oz $925.09 $958.60 one yourself." Gold Mining 2868.20 3003.66 "Well thank you sir," says the JSE All Share 20719.51 20490.04 barman and proceeds to pour everyone their drinks. Petrol up by 36 cents Moments later the guy shouts, THE RETAIL price of 93 grade petrol will increased by 36 cents a litre at midnight on Tuesday, the "Another whisky for me, and the minerals and energy department announced today. At the same time, 95 grade petrol would cost 31 same again for everyone else." cents a litre more. The bartender looks a little worried (©www.businessday.co.za) now and says, "Excuse me sir, but don't you think you should pay me Standard defends its lending rate for that last round first?" STANDARD Bank has countered criticism that SA’s banks are slowing their lending too sharply, arguing The guy slurs, "I can't. I don't have that it is still growing its loan book, albeit more slowly — and that consumers and companies were any money." With this the choosing to “deleverage”, cutting their use of debt. bartender flies into a rage and (©www.businessday.co.za) literally throws the guy out of the Oil edges down towards $54 but eyes rising equities bar. Oil edged down towards $54 a barrel on Friday, after having touched a 2009 high in the previous session About twenty minutes later though on stronger equities, which the market hopes signal a recovery in oil demand down the road. the guy staggers back in and (©www.engineeringnews.co.za) shouts out, "A double whisky for me, and a drink for all my friends." Rate cuts not only focus - Mboweni "I suppose you'll be offering me a As he cut the Reserve Bank's official repo rate by a full percentage point yesterday, governor Tito drink too?" the barman asks, file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/280309.htm[2012/10/16 20:07:58] Weekend Property & Construction News Mboweni said: "The world has changed radically." He warned: "Nobody must think the cure for the rapidly marvelling at the guy's nerve. changing global and domestic situation is just monetary policy." "Not likely," slurs the guy, "you get (©www.busrep.co.za) nasty when you've had a drink!" Telkom shareholders approve Vodacom sale TELKOM shareholders have agreed to sell 15 percent of the company’s stake in cellphone company A teacher was having trouble Vodacom to the United Kingdom-based Vodafone Group, Telkom said on Friday. (©www.businessday.co.za) teaching arithmetic to Little Johnny . So she said , "If you reached in KEY ECONOMIC INDICATORS your right pocket and found a nickel, and you reached in your left Economic Data and Forecasts pocket and found another one, what would you have?" Economic data and economic information about South Africa and the region. Market trends, economic "Somebody else's pants." said the reviews and forecasts. Economic indicators such as interest rates, exchange rates, repo rate, interbank Little Johnny. rate, forward rates, monetary aggregates, consumer price index and producer price index.

A summary of data available from various institutions is available on the SA Financial Sector Forum Website at http://www.finforum.co.za/econdata.htm

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