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The Weekend Property & Construction News The Weekend Property & Construction News The Weekend Property and Construction Newsletter The Association of South African Quantity Surveyors Saturday 03 November 2001 KZN Chapter - Zululand Branch - CPD opportunity Property and Construction related articles featured on the Internet for the past week brought to you by www.asaqs.co.za . News specific to the quantity surveying profession is reflected at the bottom ASAQS VP, Mr Des of this newsletter. Click on the blue headline if you wish to read the full article on the Internet. Linder in Durban Past issues of this newsletter can be found at http://www.asaqs.co.za/news/ ASAQS opens own webshop soon Are gated communities the answer to crime? Construction and development news in brief PROPERTY DEVELOPMENT, ENGINEERING AND CONSTRUCTION Some good news at last! There is some good news to emerge from a chronically depressed SA building industry – the MFA building indicator that represents the collective wisdom of business people has edged upwards at last! There is more good news to follow: As can be seen in the graph prepared by Dr. Johan Snyman director of MFA, this unique indicator has finally broken out of its long downward trend! The full article (and graph) can be viewed in Topics, the interactive article- and news section on the ASAQS website. (©www.asaqs.co.za) Principal agent: a new breed in construction THE debate over the role and responsibility of the project manager in the building and construction industry is expected to come to a head in the near future. This comes against the backdrop of the establishment of the Association of Construction Project Managers (ACPM) in March this year. Other proposals are new legislation pertaining to the regulation of professionals in the built (physical) environment, and the new Joint Building Contracts Committee (JBCC) contract. The ACPM has been devising the scope of service that would be appropriate for a construction project manager to provide on a project. This provides potential clients with guidelines as to a minimum service that could be expected. ACPM chairman Charles Israelite says this will ensure that an "apples for apples" service is provided by project managers. He says another major factor in bringing the role of the project manager to a head is the establishment of the new JBCC 2000 suite of contract documents. This no longer identifies the architect in the documentation but identifies the need for the appointment of a principal agent. file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/031101.htm[2012/10/22 19:37:16] The Weekend Property & Construction News (©www.bday.co.za) Office vacancy position precarious THERE is an increasing slide in the office vacancy position across the country, with the decentralised nodes of Johannesburg being worst hit. This is reflected in office vacancy figures produced by the SA Association of Property Owners (Sapoa). Vacancies in Sandton and surrounding areas increased by about five percentage points to 18,9% in September, from 8,2% nine months ago. Sandton's immediate neighbour, Rivonia, showed a greater slide: from 9,9% to 19,2%. Rosebank recorded 15% from 14,9%, Parktown slipped from 9,6% to 18,2% and Hyde Park-Dunkeld from 7,7% to 26,6%. The Cape Town central business district (CBD) recorded an increase in vacancies from 12,8% to 15,9%, Bellville from 2,7% to 7,5% and Pinelands from 0,8% to 2,8%. Durban CBD vacancies increased from 21,2% to 23,7%. Umhlanga-La Lucia posted a slight increase, from 5,5% to 5,7%. Berea was unchanged at 6,3% and Westville at 5,4%. (©www.bday.co.za) R11,9m interim loss for Monex Cape Town - Monex, the property development and leisure company, yesterday reported a R11,9 million operating loss in its interim results for the six months to September against an operating profit of R17,5 million for the comparable period last year. (©www.busrep.co.za) Batepro to be acquired by consortium for R278 million Johannesburg - Bateman Project Holdings (Batepro) announced on Wednesday that it would be acquired by a consortium of private international investors. The consortium, which will eventually become known as Bateman International, will propose a R278 million offer for 100% of Batepro's shares, 66% of which are currently held by the listed company Edward L Bateman (ELB). (©www.busrep.co.za) Pretoria makes room for the man on the street amid grand developments Until the mid-1990s, Pretoria's central business district (CBD) was characterised by the dominant presence of military and government officials, reflecting the power base of the apartheid government. Today, the sight of uniformed military officials in the city centre is rare and the formerly white-dominated CBD now probably accurately reflects the demographic make-up of the country. (©www.busrep.co.za) Cell C sets up shop in Sandton SANDTON has secured another blue-chip tenant in new cellular network company Cell C. After an eight-month search, Cell C has chosen a home in a R25m building on Rivonia Road. (©www.bday.co.za) Main goal is to develop skills THE skills shortage in SA presents a major hurdle to attracting foreign investment, economic growth, productivity and competitiveness. In an effort to address these challenges, the Skills Development Act and the Skills Development Levies Act were implemented with effect from April 1 2000. These acts were introduced by the labour minister and address the need to increase the quantity and relevance of the skills of the population for economic and employment growth, and for social development. (©www.bday.co.za) Anthrax scare at Tuynhuys A bomb disposal unit and police gather at President Thabo Mbeki's Tuynhuys office in Cape Town after a suspicious envelope is found in the reception area (©www.bday.co.za) Rolls-Royce plans SA industrial ventures LONDON Rolls-Royce, the global aerospace, defence, marine and energy group, yesterday announced industrial development projects in SA that could create more than 600 jobs and help generate more than R4bn of exports over the next seven years. file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/031101.htm[2012/10/22 19:37:16] The Weekend Property & Construction News (©www.bday.co.za) Sasol considers R10bn input at Secunda PETROCHEMICALS and synthetic fuels group Sasol is considering a fresh investment of about R10bn at its Secunda complex, according to GM John Marriott. (©www.bday.co.za) Itochu, Europipe net gas-pipe contract ENERGY firm Sasol has awarded the contract to build a pipeline to supply natural gas from Mozambique to SA to two companies, Itochu of Japan and Europipe. Under the agreement, which is worth about $123,1m, the two companies will build the proposed 870km, 660 mm diameter pipeline from the Temane Gas Field in neighbouring Mozambique to Sasol's Secunda plant. Although most of the steel for the pipeline would have to be imported to meet tight deadlines, 25% would be supplied by Iscor, Sasol said yesterday. (©www.bday.co.za) Board puts LeisureNet under legal microscope Cape Town - The Financial Services Board (FSB) has homed in on the former directors of LeisureNet, and announced yesterday it would take forward legal action for possible insider trading involving the group. (©www.busrep.co.za) NEWS FROM AFRICA Encouraging signs are seen in Africa THE New Partnership for African Development (Nepad) the latest incarnation of the New Africa Initiative, previously the Millennium Africa Plan still has its original objective: to develop African economies and their health-care and education systems, agriculture and infrastructure. At a recent presentation on the challenges facing Africa, Credit Guarantee economist Luke Doig said Africa was likely to suffer in the changed global environment after the attacks in the US last month, but there were encouraging signs coming out of the continent. (©www.bday.co.za) Zimbabwe budget seen unlikely to stem crisis Harare - Zimbabwean President Robert Mugabe's government has delivered an annual budget sweetened to win him re-election next year, but analysts say it will have little impact on a deepening political and economic crisis. (©www.busrep.co.za) HOUSING NEWS AND LAND ISSUES Progress made by trust is too slow, says KWV CAPE TOWN The KWV Group paid R22,7m to the SA Wine Industry Trust in the year to June 30, but it was distinctly dissatisfied with the trust's lack of progress in empowering farm workers and their communities... (©www.bday.co.za) MINING NEWS Mining firms set aside R78bn to boost output Much of the capital targets gold, platinum production Resources Correspondent MINING companies have committed a total R78bn to the development of capital projects across the industry to 2004, says the Chamber of Mines. (©www.bday.co.za) State waives initial right to mine royalties Despite major changes to minerals bill, industry wants more Political Correspondent CAPE TOWN The state has agreed to waive its rights to royalties, currently paid to landowners who hold mineral rights, for 10 years after the Minerals and Petroleum Resources Development Bill comes into effect, probably next year. file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/031101.htm[2012/10/22 19:37:16] The Weekend Property & Construction News (©www.bday.co.za) Miners push JSE to firmer close The JSE finished higher on Friday for a third-straight session, helped by gains in mining shares following weakness in the local currency and firmer metal prices. (©news.24.com) Western Areas keeps South Deep Gold producer Western Areas says it will not sell its 50% stake in the South Deep Project and proposes to make a cash distribution to shareholders.
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