Weekend Property & Construction News...PQS – Fourways B Sc QS. Progressive PQS practice needs a...

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Weekend Property & Construction News file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/131007.htm[2012/10/18 23:39:04] Weekend 13 / 14 October 2007 Circulation : exceeds 4,400 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 News Retail Roundup Newsflashes for Architects Project Management News Engineering News News for Estate Agents and Home Owners Latest property news Business Incentives News from Africa Mining News The Agent's tool kit Building Terms Weekly Economic Indicators Key Economic Indicators Free Contracts Tailpiece Subscribe to the Newsletter Update your information ASAQS NEWS To subscribe to the Twiice newsletter "Design Despatches" please click here . COUNCIL CELEBRATE THE OPENING OF THEIR NEW OFFICES The South African Council for the Quantity Surveying Profession celebrated their autonomy during a function held at their new offices in Lone Creek, Midrand on 11 October 2007. The president of the SACQSP, Prof. R.N. Nkado entertained the dignitaries present with a short history of the quantity surveying profession in South Africa and how the role of the Qs has, in certain respects, remained virtually unchanged during the past century. He also briefed the audience on the reasons that led to the decision of Council to find their own premises within a short distance of the new ASAQS offices. Council has until recently shared offices and staff with the ASAQS. Click here to read more . CCN LAUNCH ANNOUNCEMENT Exciting news! The CCN Road Show will be travelling around the country during October and November 2007, and will be in your area on the following dates: Date City Time Wednesday 31 October 2007 Bloemfontein 14h00 – 16h00 Thursday 1 November 2007 Johannesburg 14h00 – 16h00 Friday 2 November 2007 Pretoria 14h00 – 16h00 Wednesday 7 November 2007 Durban 14h00 – 16h00 Thursday 8 November 2007 Port Elizabeth 14h00 – 16h00 Friday 9 November 2007 Cape Town 14h00 – 16h00 As you will be well aware by now, CCN is a joint venture initiative between the Association of South

Transcript of Weekend Property & Construction News...PQS – Fourways B Sc QS. Progressive PQS practice needs a...

Page 1: Weekend Property & Construction News...PQS – Fourways B Sc QS. Progressive PQS practice needs a team player for this busy office. Browse to Classifieds for full details. PQS –

Weekend Property & Construction News

file:///C|/Users/Bert%20vd%20Heever/Documents/My%20Websites/ASAQS/News/Issues/131007.htm[2012/10/18 23:39:04]

Weekend 13 / 14 October 2007Circulation : exceeds 4,400 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 headlineif 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 DevelopmentNewsRetail Roundup

Newsflashes for Architects

Project Management News

Engineering News

News for Estate Agents andHome OwnersLatest property news

Business Incentives

News from Africa

Mining News

The Agent's tool kit

Building Terms

Weekly Economic Indicators

Key Economic Indicators

Free Contracts

Tailpiece

Subscribe to the Newsletter

Update your information

ASAQS NEWS

To subscribe to the Twiicenewsletter "Design Despatches"please click here.

COUNCIL CELEBRATE THE OPENING OF THEIR NEW OFFICES

The South African Council for the Quantity Surveying Profession celebrated their autonomy during afunction held at their new offices in Lone Creek, Midrand on 11 October 2007.

The president of the SACQSP, Prof. R.N. Nkado entertained the dignitaries present with a short history ofthe quantity surveying profession in South Africa and how the role of the Qs has, in certain respects,remained virtually unchanged during the past century. He also briefed the audience on the reasons thatled to the decision of Council to find their own premises within a short distance of the new ASAQSoffices. Council has until recently shared offices and staff with the ASAQS. Click here to read more.

CCN LAUNCH ANNOUNCEMENT

Exciting news! The CCN Road Show will be travelling around the country during October and November2007, and will be in your area on the following dates:

Date City TimeWednesday 31 October 2007 Bloemfontein 14h00 – 16h00

Thursday 1 November 2007 Johannesburg 14h00 – 16h00

Friday 2 November 2007 Pretoria 14h00 – 16h00

Wednesday 7 November 2007 Durban 14h00 – 16h00

Thursday 8 November 2007 Port Elizabeth 14h00 – 16h00

Friday 9 November 2007 Cape Town 14h00 – 16h00

As you will be well aware by now, CCN is a joint venture initiative between the Association of South

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African Quantity Surveyors (ASAQS), the South African Institute of Architects (SAIA), and a companyrepresented by Mr Mark Grant (PSG). This venture has been set up with the aim of improvingcommunication between all participants in the construction industry in South Africa. CCN is a member ofthe International Construction Information Society (ICIS) along with other country members such as NBS(a division of RIBA)

As a member of ASAQS you will shortly be offered shares in this investment company that has been setup by ASAQS with the specific purpose of investing in CCN. The purpose of the Road Show is to explainthe CCN business model to you, and how you can benefit from investing in CCN and using CCN's stateof the art free web-based services to assist you in your daily work.

If you are not currently a member of ASAQS, it's not too late to become a member of this prestigiousorganisation. To do so, please contact the offices of the Association (telephone 011 315 4140 - Attention: Sadicka Butt) and join before 18 October 2007 and you will also be offered shares!

Pencil the applicable Road Show date and time above into your diary NOW! You do not want to miss thisone!

Please click here to read the President's message of support for this venture.

WinQS - a complete quantity surveying system for: The production of Bill of Quantities Documents, The production of Estimates Documents, Thecalculation of Monthly Valuations, The Cost Analysis of a Project, JBCC 2000 Certificate Module, Contract Price Adjustment Calculations, TenderAnalysis, Financial Review and Costs Reports

ASAQS/AAQS INTERNATIONAL CONGRESS

We are pleased to issue a repeat invitation for the ASAQS/AAQS International Conference 2007scheduled to be hosted in Durban, Kwa-Zulu Natal, during October 2007. This congress will be organisedjointly by the Africa Association of Quantity Surveyors (AAQS) and the ASAQS, and will be hosted by theKZN Chapter of the ASAQS.

The Congress will be held from 18 to 20 October 2007 and the venue will be at the Southern SunElangeni Hotel on the beachfront in Durban. The theme of the Congress will be " 2010 and Beyond ".

We are looking forward to also welcoming to this congress a number of foreign AAQS as well as ICECdelegates from all over Africa, thereby making it a truly international event. Both the AAQS and ICECorganisations will be using this opportunity to held their regional Council meetings in Durban over thisperiod.

We will also be inviting a number of Special Invited Guests who will represent the leading roleplayers inthe built environment, as well as important local dignitaries.

The busy programme over this period will include the following :

* Wednesday 17 October 2007 : ASAQS Board Meeting (whole day)* Thursday 18 October 2007 : ASAQS Board Meeting (morning only)

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* Thursday 18 October 2007 : AAQS Council Meeting (afternoon only)* Thursday 18 October 2007 : Congress Welcome Cocktails (evening)* Friday 19 October 2007 : ASAQS/AAQS Congress (whole day)* Friday 19 October 2007 : Congress Banquet (evening)* Saturday 20 October 2007 : ASAQS/AAQS Congress (morning only)* Saturday 20 October 2007 : ICEC (Region 3) Council Meeting (afternoon only)

To view the advertising brochure advertising the event, please click here.

To view the list of speakers, please click here.

To view the registration form, please click here. (Should you wish to e-mail the form we suggest that youdownload it by right-clicking on the link and then saving the Excel file to your computer.)

Click here to Receive your Invite to the Banquet and to RSVP on line.

It should be noted that a list of suitable hotels and other accommodation options are included on theattached registration form. Delegates are encouraged to make their bookings at earliest convenience toavoid disappointment. This will make it possible to select the most suitable accommodation, for local aswell as foreign guests alike.

To avoid disappointment – BOOK NOW !!

SAPOA BUSINESS BREAKFAST EAST LONDON

Calling all SAPOA members, developers, architects, land surveyors, property owners, environmentalists,estate agents, etc. to join SAPOA for a presentation on

DESALINATION, WETLANDS AND PACKAGE PLANTS

Presenters – Dr. Malcolme Logie and Ms Lee-Anne Proudfoot

Both Members and Non-members most welcome. Date :Thursday, 25 October 2007Time :07h30 for 07h45Venue : Buffalo City Pavilion, (Border Bears Cricket Stadium)Buffalo Park Drive, East LondonCost: R80.00 per person (members) R100.00 (non members)RSVP:Glynis by 9.00am Monday, 20 October 2007

Click here for full details and reply slip.

PRESIDENT'S REPORT ON THE 11TH ANNUAL CONGRESS OF THE PAQS

The congress took place in Auckland; New Zealand on the 8th to the 12th of June 2007. The congresswas well organized and involved the active participation of the New Zealand Institute f Quantity

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Surveyors, the P.A.Q.S and ICEC. There was a limited participation in the organization of the congressby the Pacific region's associations such as A.I.Q.S, Hong Kong Institution, Malaysia Institute, etc. Clickhere to read more.

GREEN BUILDING CONFERENCE AND EXHIBITION

A "Green Building Conference and Exhibition", hosted by the Commonwealth Association of Architects(CAA), has been planned from 8 to 10 November 2007 and all our members are invited to attend this veryimportant and relevant conference. To view the invitation brochure and full programme, please click here(be warned that this document is 1,5Mb in size!).

INVITATION TO SUBMIT AN ENTRY TO THE INAUGURAL KENNETH K HUMPHREYS AWARDPROGRAMME

On behalf of the Association of South African Quantity Surveyors (ASAQS) we invite entries to besubmitted to the inaugural Kenneth K Humphreys Award program of the International Cost EngineeringCouncil (ICEC).

Three awards will be presented - one to the author of the most outstanding paper prepared by a studentor young member of an ICEC member association in each of (1) cost engineering, (2) projectmanagement and (3) quantity surveying. The winners of the Awards will be announced at the 2008 ICECCongress in Toronto, Canada.

An entry from each member association will be accepted via the International Cost Engineering websitethroughout 2007. It is up to our member associations to determine how it will select the paper within thistimeframe. Click here to read more.

CLASSIFIEDS

Quantity Surveyor - RM6920You will need to have between 2 to 5 years QS’ing experience covering civil projects as well as relatedpiping and pipe lines. You will be based on site in Pretoria. Browse to Classifieds for full details.

Professional Quantity Surveyor - RM7044You would need to have a minimum of 5 years of relevant construction experience relating to constructionplanning. Browse to Classifieds for full details.

Quantity Surveyor - GDJ7051You will need to have between 2 to 5 years QS’ing experience covering civil projects as well as relatedpiping and pipe lines. Browse to Classifieds for full details.

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Senior Quantity Surveyor - Ref 59962Senior Quantity Surveyor needed for large PQS firm. Browse to Classifieds for full details.

PQS – FourwaysB Sc QS. Progressive PQS practice needs a team player for this busy office. Browse to Classifieds forfull details.

PQS – Jhb CityB Sc/B Tech QS. Join busy eng PQS/cost consultants as a front-runners to liaise with clients & ensure alloffice work is done. Browse to Classifieds for full details.

QS – Mondeor, JohannesburgDeg/Dip QS. Handle full QS aspects from HO function through to site activities for residential developer.Browse to Classifieds for full details.

QS / PM – Fourways / Dainfern70% PM / 30% QS duties for residential developer. Browse to Classifieds for full details.

Contracts Director - Indian Ocean IslandsDeg/Dip Bldg/Civil/QS. Use your skills to head up expanding buildig division for well-establishedcontractor. Browse to Classifieds for full details.

Contracts Manager – MD Designate - JohannesburgDeg/Dip Bldg/Civil/QS. Join well-established contractor & use skills to head up growing buildig division.Browse to Classifieds for full details.

Ouantity Surveyors - Western AustraliaPerkins Builders, a medium tier 40 year old commercial contruction company is currently looking forQuantity Surveyors at the head office in Bunbury, Western Australia. Browse to Classifieds for full details.

Quantity Surveyors - DubaiHurley Consulting requires several new Quantity Surveyors (of all levels) to service their projects inDubai. Browse to Classifieds for full details.

Quantity SurveyorQuantity Surveyor required by Professional Quantity Surveying Firm in Jhb. BSc / BTech QuantitySurveying plus 5 - 10 years experience with at least 3 years with a PQS on commercial & industrialbuilding projects. Browse to Classifieds for full details.

QS - Up market HousingQuantity Surveyor for up market residential developments. Browse to Classifieds for full details.

Building QS

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Johannesburg. Required by reputable building contractor to handle all QS functions for commercial, retailand light industrial building projects. Browse to Classifieds for full details.

Quantity Surveyor (Ref. QS908)Electrical, Instrumentation and Control contractors require the services of a Quantity Surveyor. Browse toClassifieds for full details.

Quantity Surveying In UKWe are a long established privately owned contractor. Undertaking both civil and building projects up to£30m Uk/R423m although typically £8-15mUK/R110-210. Browse to Classifieds for full details.

HAYS - Relocating to the UK? Our dedicated Property & Surveying division recruits for positions throughout the UK & Ireland and our client baseincludes private practice, property consultancies, property companies, public sector, charities, retailers and corporates.

Quantity Surveyor (Ref. QS909)Cost Consultant firm requires the services of a Quantity Surveyor. Browse to Classifieds for full details.

Quantity Surveyor - Cape Town (Ref. QS906)Construction and property development group requires the services of a Quantity Surveyor. Browse toClassifieds for full details.

Senior Quantity Surveyor - MH6889A Professional QS Firm in Durban is looking for a Senior QS to run Commercial and Housing projects ofup to R100 million. Browse to Classifieds for full details.

Intermediate Quantity Surveyor - MH6905A professional QS Firm in Durban is looking for an Intermediate Quantity Surveyor to handle Commercialand Housing projects from inception to completion. Browse to Classifieds for full details.

Junior Quantity Surveyor - MH6903A Professional QS Firm in Durban is looking for a Junior Quantity Surveyor to handle Commercial andHousing projects of up to R100 million. Browse to Classifieds for full details.

Senior Quantity Surveyor - MH6904A Professional QS Firm in Durban is looking for a Senior Quantity Surveyor to handle Commercial andHousing projects from inception to completion. Browse to Classifieds for full details.

Quantity Surveyor - Project Coordinator - MidrandBSc/BTech QS. Property development & construction co needs computer literate QS to co-ordinate &ensure info flow to professionals. Browse to Classifieds for full details.

Senior Quantity Surveyor - Director Potential - GautengBSc/BTech QS/Mech. Specialist mining cost consultants want a front man to liaise with clients & handlefeasibilities to hand over. Browse to Classifieds for full details.

Professional Quantity Surveyor - BedfordviewBSc/BTech QS. Are you able to run projects? Worked for a PQS and Contractor? Expanding PQS office,development & construction co with commercial & industrial developments plus some residential. Browse

What you get :

3x Banner adverts on theASAQS website (450,000hits/month!)A Mini-ad on the ASAQSwebsite and on the WeekendProperty and ConstructionNews (3,000+ subscribers)Preferential exposure of your

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to Classifieds for full details.

Quantity surevyors , offer your clients an extended service. We can produce detailed estimates of cost for housing projects on your behalf.Contact Build Aid for more information. Building a new home or renovating an existing one? Get expert advice and know the costs before youstart, contact Build Aid .

Junior Quantity Surveyor - MH6906A Professional QS Firm in Durban is looking for a Junior QS to handle Commercial and Housing projects.Browse to Classifieds for full details.

Quantity Surveyor Practice - SandtonBSc/BTech QS. Our clients, a PQS office/contractor, needs stand alone QS to run projects & handle pre-contract (feasibility, cost estimates) - 5 posts, some with Director prospects for the right candidate.Browse to Classifieds for full details.

Junior Quantity Surveyor - MH6882A medium sized QS firm in Durban is looking for a Junior QS with 1 to 2 years experience, who is fullyfamiliar with and understands all basics of Quantity Surveying. Browse to Classifieds for full details.

Quantity Surveyor - Pretoria and GautengBSc/BTech QS. Opportunity for PQS to move in at the beginning of a fast growing reputable practice withyoung management team. Browse to Classifieds for full details.

PQS - Dubai & Abu DhabiBSc/BTech QS. If you have 3-10 yrs experience, join fellow South African in these PQS offices, leisure,marine, commercial & industrial developments plus some residential. Browse to Classifieds for full details.

Commercial Manager - Middle East - Expanding ContractorBSc/BTech QS. Join fellow SA execs to manage 3 major bldg & civil contracts for bldg & civil Contractor.Browse to Classifieds for full details.

Canada - Contract QS/Manager, VancouverBSc QS/Bldg. International engineering contractor needs QS with 10+ yrs experience on major bldg/civilor engineering projects. Browse to Classifieds for full details.

BEE Quantity Surveyor - MidrandBSc QS PQS office needs dynamic QS with strong communication skills, able to work under pressure.Browse to Classifieds for full details.

Quantity Surveyors - Durban & JohannesburgBSc/BTech QS. PQS office needs experienced PQS's who are able to run projects on their own or needlittle support. Browse to Classifieds for full details.

Junior Quantity Surveyor - MH6901A Professional QS Firm in Durban is looking for a Junior QS to handle Commercial and Housing projectsof up to R100 million. Browse to Classifieds for full details.

Intermediate Quantity Surveyor - MH6899

products and servicesTargeted marketing at onlyR425.00 (exclusive) permonth

Don't wait, we only have a limitednumber of slots left. Click here todownload the sponsorship form orcontact Bert van den Heever theASAQS Webmaster

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A Professional QS Firm in Durban is looking for an Intermediate QS to handle Commercial and Housingprojects of up to R100 million. Browse to Classifieds for full details.

Senior Quantity Surveyor - MH6888A Professional QS Firm in Durban is looking for a Senior QS to work on Commercial and Housingprojects of up to R100 million. Browse to Classifieds for full details.

Quantity Surveyor - MH6884A Contractor in Durban is looking for a QS with minimum 10 years relevant experience. Browse toClassifieds for full details.

Merkel's™ is back! Now in electronic format this handy builders pricing and management manual is continuously updated to provide you withrelevant labour and material rates for 24 different trades for the Durban, Cape Town and Gauteng regions.

Senior Quantity Surveyor - MH6886A well established Contractor in Durban is looking for a Senior QS with a minimum of 10 yearsexperience. Browse to Classifieds for full details.

Senior Quantity Surveyor - MH6909Excellent career opportunity for an experienced Senior Quantity Surveyor with a well established Buildingand Civil Contracting Firm in Durban. Browse to Classifieds for full details.

Quantity Surveyor - WM5756A well established PQS firm in the East Rand is urgently seeking a B.Sc QS who is registered or nearregistration. This person will be groomed for a Senior Management position. Browse to Classifieds for fulldetails.

Senior Quantity Surveyor - WM5746A very well established PQS firm seeks strong QS. Browse to Classifieds for full details.

Senior Quantity Surveyor - WM5645A very well established PQS firm seeks strong QS. Browse to Classifieds for full details.

Registered Quantity Surveyor - WM5701A well established PQS firm in Nelspruit seeks a PQS with between 5 to 10 years experience on buildingprojects, to come join their team. Browse to Classifieds for full details.

Junior Quantity Surveyor (Ref. QS907)Plumbing contracting company requires the services of a Junior Quantity Surveyor. Browse to Classifiedsfor full details.

Senior Quantity Surveyor - Dubai (Ref. QS894)Major Construction Company in Dubai requires the services of a Senior Quantity Surveyor. Browse toClassifieds for full details.

Quantity Surveyor - Zambia (Ref. QS869)Mining, Engineering and Project Management company requires the services of a Quantity Surveyor inZambia. Browse to Classifieds for full details.

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Quantity Surveyor (Ref. QS843)Cost Consultant firm has a vacancy for a Quantity Surveyor. Browse to Classifieds for full details.

Junior QSCost Consultant firm has a position for a trainee Quantity Surveyor. Browse to Classifieds for full details.

Quantity Surveyor - Building Construction (Ref. QS838)Major construction group requires the services of a Quantity Surveyor for their Building Constructiondivision. Browse to Classifieds for full details.

Quantity Surveyor (Ref. QS 836)Consultant firm requires the services of a Quantity Surveyor with relevant experience in structural andmechanical projects. Browse to Classifieds for full details.

Senior Quantity Surveyor (Ref. QS902)Cost Consultant firm in mining construction wishes to engage the services of a Senior Quantity Surveyorwith a possible appointment as Director. Browse to Classifieds for full details.

Senior Quantity Surveyor (Ref. GT902)Cost Consultant firm in mining construction wishes to engage the services of a Senior Quantity Surveyorwith a possible appointment as Director. Browse to Classifieds for full details.

Chief QS / EstimatorDutch National. MRICS and MCIOB with many years international, contractor side experience (Africa,M.E. Far East and Europe) with very large mainly Civ/Eng projects (>$800mill.) is looking for amanagement-position, Contracts Manager / Commercial Manager Browse to Classifieds for full details.

Quantity Surveyor (Ref. QS901)Cost Consultant firm requires the services of a Quantity Surveyor. Browse to Classifieds for full details.

Need quantity surveying personnel? The best way to advertise your vacancies are in the Classifiedssection on the ASAQS website - it's absolutely FREE! Adverts submitted to the Classifieds are alsoincluded in this newsletter. If you prefer using an employment consultancy we recommend you contactPCS-SA on +27(11)789 3337. If you wish to relocate overseas we recommend you contact the HaysProperty & Surveying division.

CALENDAR

15 / 16 / 22 / 23 October 2007

Event: Project Control Course I & IITime: 8:30 AM - 4:00 PMInformation: Your first step to an International Certification. Accredited by ICEC and

administered by AACEI. Estimating, Cost Control, Planning and Financial RiskManagement.

Contact: Marie Voogt [email protected] Number: 011 478 1540

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16 / 17 October 2007

Event: Delay Disruption & Extension of Time (Cape Town)Time: 8:00 AM - 4:45 PMInformation: BCA seminar with related issues to be covered in this two day seminar.Contact: Monica Reimers [email protected] Number: 011 646 0174

17 / 18 October 2007

Event: Planning and Scheduling Course I & IITime: 8:30 AM - 4:00 PMInformation: Planning and Scheduling International Certification accredited by International

Cost Engineering Council (ICEC) and administered by AACEI.Learn more about Certification at website www.aacei.org

Contact: Marie Voogt [email protected] Number: 011 478 1540

22 - 24 October 2007

Event: Engineering & Construction Project ManagementTime: 8:15 AM - 4:30 PMInformation: This three-day course will take place from the 22-24 October 2007 at

Constantia Hotel, Midrand.Contact: Terry Deacon [email protected] Number: 012 346 6674

30 / 31 October 2007

Event: Intermediate: ProjectFlowTime: 8:15 AM - 4:30 PMInformation: This four-day course will take from the 30 October-2 November 2007 at the

Centurion Lake Hotel, Centurion.Contact: Antoinette Monama [email protected] Number: 012 346 6674

Remember: Visit the ASAQS website for new updates!

We wish to welcome the following new members to the ASAQS Closed User Group:

To be announced next week.

Please note : Only paid-up members of the Association of South African Quantity Surveyors are allowedentrance to the CUG. We still receive a number of applications every month from non-members. If youhave any questions regarding membership contact the ASAQS on 011-3154140

Also note that your registration to the CUG will remain in force as long as you remain a member ofASAQS and there is no need to register every year. If you have not received an e-mail confirming your

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registration contact ASAQS.

Back to Index

CONSTRUCTION AND DEVELOPMENT NEWS

Independent Airports and Aerodromes pose potential 2010TM riskMany of South Africa’s independent airports and aerodromes remain technically non-compliant andcontinue to lose out on increasing opportunities presented through either tourism or large events like theupcoming 2010 FIFA World CupTM.(©www.eprop.co.za)

Eskom asks industry to make power sacrificesBUSINESSES and households across the country felt the brunt of SA’s ongoing electricity crisisyesterday, prompting Eskom to ask its industrial customers to make unusually large sacrifices while itstruggled to restore 20% of its generating capacity.(©www.businessday.co.za)

DA challenges Parliament’s grand plans CAPE TOWN — Plans to expand Parliament massively with a new banquet hall, executive suites, officesand a new 500-seat debating chamber have been criticised sharply by the Democratic Alliance (DA).(©www.businessday.co.za)

Commercial market dipsIT MAY just be a blip with Transport Minister Jeff Radebe announcing huge new road infrastructure plans,but the commercial market dropped overall last month against the same month last year.(©www.businessday.co.za)

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Weekend Property & Construction News

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Golden gooseDEMAND for infrastructure development is continuing rapidly in both the public and private sectors, andAltron’s cash register is ringing incessantly.(©www.businessday.co.za)

" We see "building trust" as a strategic initiative in our industry. At NMC we believe that we do things differently from other construction companies- we are proud of what we do, of what we have achieved and to be part of NMC - building trust embraces it all. "

Shaun Webber - Managing Director, NMC

Modderfontein’s Greenstone Success Showcases New Development ModelOne of the largest mixed use developments in South Africa, Heartland’s Greenstone in Modderfontein, issold out, illustrating the success of the company’s “model new towns in town” development strategy.(©www.eprop.co.za)

Green Scorpions put Sasol on spotSasol has a 10-year lease for facilities in Germiston that are the subject of a Green Scorpions probe dueto concerns that the property developer failed to get environmental clearance before starting construction.(©www.busrep.co.za)

Merkel's™ is back! Now in electronic format this handy builders pricing and management manual is continuously updated to provide you withrelevant labour and material rates for 24 different trades for the Durban, Cape Town and Gauteng regions.

Heartland’s next mixed-use project – Paardevlei, Somerset WestThe first precinct, the De Beers Precinct, is a 44 ha site which will allowance for approximately 145000m2 of development.(©www.eprop.co.za)

Revamp of Mossel Bay Museum on courseTenders have closed for the historical research around the upgrade of the Mossel Bay Museum, a projectthat will see a move away from the nautical theme which has characterised it to date.(©www.eprop.co.za)

Building a new factory? Talk to IFS, they are applicators of high performance industrial floor coatings and screeds.

Property tycoon gets old Post Office clock running on time againIrish property developer Ken Denton, who has for some years been harassed by the Mandela BayDevelopment Agency for the condition of some of his Port Elizabeth buildings, has beaten the municipalityto the count by fixing the 107-year-old clock on the old Post Office building behind the City Hall – beforethe city has fixed its clocks.(©www.eprop.co.za)

PE among SA's property hotspotsPort Elizabeth’s inner city is set to be among South Africa’s property investment hotspots, helped bycommitment from local authorities to renew the city, a new research report showed.(©www.eprop.co.za)

Big developments expected to fire up Port ElizabethTHE massive Madiba Bay Leisure Park development and Coega project in Port Elizabeth are likely tohave a catalytic effect on property development in the city, says Gauteng developer Flanagan & Gerard.(©www.businessday.co.za)

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Major investment in all Bay's transport modesFor the first time in the history of Nelson Mandela Bay, major investment across all forms of transportinfrastructure will take place in preparation for 2010.(©www.eprop.co.za)

Roads projects to create many East Cape jobsAlicedale has become a model of development, Eastern Cape Roads and Transport MEC Thobile Mhlahlosaid after he turned the first sod of a R60-million tar road which will link the tourism town to nationalroads and the Nelson Mandela metro. (©www.eprop.co.za)

Fifa gives Bay 2010 stadium the nodA high-powered Fifa delegation have braved the cold and rainy weather to conduct their secondinspection this year of the 2010 Soccer World Cup stadium in Port Elizabeth – and given the project thethumbs up.(©www.eprop.co.za)

UltraClean - We are experts in the provision of superior cleaning services and we're serious about it. So we've developed effective systemsthat consistently deliver predictable, superior quality and completely reliable results for our customers.

KwaZulu ‘leads valuation race’ DURBAN — The cost of valuing all the property in KwaZulu-Natal in order to comply with the MunicipalProperty Rates Act is likely to be more than R335m.(©www.businessday.co.za)

Trafalgar - Downtown Durban Sound city management and the willingness to invest in large-scale projects tackling poverty andunemployment potentially placed Durban on track to resolve its inner city problems, new research hasunveiled.(©www.rodneyhayter.com)

Durban's inner city renewal impededA lack of public-private partnership in Durban is hampering widespread investment witnessed in othermajor South African cities, a new research report showed on Wednesday.(©www.property24.com)

J van der Sluys Building and Civil Contractors - There's no substitute for experience and we have almost 50 years and a veritable mountain ofsuccessful projects behind us. Our many and varied competencies span pile driving, well pointing, underground cellars, the building of concretestructures up to twelve levels high, steel structures, coffer slabs, post -stressed concrete slabs, concrete water towers and the building of sportpavilions. There's almost nothing we can't undertake with confidence.

Redefine announces R550 million landmark B-BBEE transactionRedefine Income Fund, the fourth largest property loan stock company listed on the JSE Limited todayannounced that it will give effect to a Broad-based Black Economic Empowerment (B-BBEE) transaction.(©www.eprop.co.za)

'Rich list' boasts 93 more billionaires and heftier fortunesChina had more billionaires than any country except the US, as soaring stock and property prices helpedto boost wealth among the country's super-rich, researcher Rupert Hoogewerf said yesterday.(©www.busrep.co.za)

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‘New direction’ for Bonatla in KwaZulu LISTED property company Bonatla Property Holdings said yesterday it had entered into two transactionsto acquire substantial land assets on long leases in KwaZulu-Natal for about R57m.(©www.businessday.co.za)

Refurbishing an old building? Don't proceed without contacting CEILSpray/CeilClean - they offer an effective and professional way to refurbishsuspended ceilings at a highly affordable price.

EMPLOYMENT CORNER

Site AgentsWe are looking for a number of Site Agents for vacancies across the UK. You will have a soundknowledge of the industry and a credible track record. The roles are permanent, however fixed termcontracts would also be considered. If you are experienced in the Construction industry and are interestedin working in the UK please contact us. Browse to Classifieds for full details.

Need construction personnel? The best way to advertise your vacancies are in the Classifieds section onthe ASAQS website - it's absolutely FREE! Adverts submitted to the Classifieds are also included in thisnewsletter. If you prefer using an employment consultancy we recommend you contact PCS-SA on+27(11)789 3337. If you wish to relocate overseas we recommend you contact the Hays Property &Surveying division.

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RETAIL, HOTEL AND LEISURE ROUNDUP BUSINESS INCENTIVES

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R120-million refurb of Rosebank hotel 'progressing well'The Rosebank hotel, in Gauteng, is being refurbished at a building contract cost of R120-million.Construction group Grinaker-LTA is the main contractor on the project, which forms part of the growthand rejuvenation of Rosebank, driven by the 2010 soccer World Cup and the precinct’s Gautrain station.(©www.engineeringnews.co.za)

New 35 000sqm shopping centre for Westville The construction of a new 35 000 m2 shopping centre in Westville is well underway. The R345-millionconstruction contract for the new Westwood Shopping Centre is being undertaken by Grinaker-LTABuilding.(©www.rodneyhayter.com)

Soweto's R370m mall completedConstruction of Soweto's R370m "super mall" was completed on schedule, and close to 500,000 peoplewalked through the doors of Maponya Mall on the day it opened.(©www.property24.com)

PE retail centre gets 2nd phaseA R40m phase two extension will be carried out at the Sunridge Village retail centre in Sunridge Park inPort Elizabeth.(©www.property24.com)

Big retailer to open store in SARetail property in South Africa is flourishing despite the fact that it is still in its infant stages in Africa.(©www.property24.com)

Business centre opens in FourwaysDue to a steady demand for office space in Fourways, the Fourways Business Centre was recentlyopened at Montecasino.(©www.property24.com)

Township malls go full steam aheadTownships malls have been mushrooming all over the country and more are in the pipeline.(©www.busrep.co.za)

Return of the Sun kingSun king Sol Kerzner is back in South Africa and breaking new ground with a luxury R900-million resortthat is being built in Cape Town.(©www.eprop.co.za)

York St shops change hands in R87 million dealThe eight-year old Game shopping complex in York Street in the George CBD has been sold by thePretoria-based Moolman Group to ApexHi Properties for R87,5-million.(©www.eprop.co.za)

KWIKfeas facilitates the preparation of financial feasibility studies for property developments. The application dramatically reduces the time requiredin preparing, assessing or fine-tuning the feasibility of a new development and offers a professional presentation incorporating cash flows, graphsand reports presented in a format which can be modified to suit your image and needs. This product is an invaluable tool for property developers,financial institutions, quantity surveyors, architects, project managers, property administrators and agents. view brochure

Tax IncentivesResearch and developmentincentivesCompetitive enhancement incentivesExport incentivesIndustrial financingIndustrial participationSocial responsibility

FREE CONTRACTSDomestic EmploymentOffer to purchaseLease agreementLoan agreementAgreement of saleWillAn Agreement giving General Powerof AttorneyContract for Housing and MinorWorks

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NEWSFLASHES FOR ARCHITECTS

Great Buildings:Aalsmeer House , by Bijvoet and Duiker, at Aalsmeer, The Netherlands, 1924.(©www.greatbuildings.com)

Twiice International prides itself on being vastly different, particularly when it comes to service. We are a fast growing and dynamic company,specialising in providing furniture solutions on every scale. Our comprehensive product range and our ability to meet any furniture requirement, hasearned us a unique reputation in the southern African market. More... To subscribe to the Twiice newsletter "Design Despatches" please click here.

EMPLOYMENT CORNER

CAD DesignerSpecial qualities or experience required: SmartPlant P&ID and MicroStation. Minimum of 5 years relatedexperience or an undergraduate degree and 3 years. Browse to Classifieds for full details.

AutoSpec - the specifying system that no architect can be without. AutoSpec compiles an automated and professionally written specification byclicking on a series of graphically presented options... the next generation specifying tool.

Need architectural personnel? The best way to advertise your vacancies are in the Classifieds section onthe ASAQS website - it's absolutely FREE! Adverts submitted to the Classifieds are also included in thisnewsletter. If you prefer using an employment consultancy we recommend you contact PCS-SA on+27(11)789 3337. If you wish to relocate overseas we recommend you contact the Hays Property &Surveying division.

Thanks to the PIA for some of the information published in this section - drop them a note [email protected] REMINDER OF THE PIA’S OWN WEBSITE FOR INTER-MEMBER COMMUNICATIONS, FORUMS,DISCUSSIONS, ETC. www.pia.org.za

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THE ASAQS WEBSHOP

Please note that the ASAQSwebshop is back on line for all yourdocument requirements.

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PROJECT MANAGEMENT NEWS

Gauteng 22-24 October 2007 - Engineering and Construction Project Management CourseProjectPro’s Engineering and Construction Project Management (ECPM) course is proving to be verypopular.They are now offering the ECPM course in Midrand on the 22-24 October 2007. The ECPM is validatedby SAACE and counts 3 credits for ECSA Continuing Professional Development.One can register from ProjectPro’s website www.projectpro.co.za or call them on 012 346 6674. Clickhere to read more... (©www.projectpro.co.za)

EMPLOYMENT CORNER

Project Manager / Junior Project ManagerAriya Triple C is a Cape Town based project management company currently looking for Project Managerand Junior Project Manager. Browse to Classifieds for full details.

Project Managers - JohannesburgBSc Bldg/Civil/QS. Innovative developers require 5 years plus experience with building contractor & 2years PM / development experience. Browse to Classifieds for full details.

Project Manager - Cape TownBSc Bldg/Civil/QS.Well-established PM co needs strong PM skills from design input on developmentsthrough to handover projects. Browse to Classifieds for full details.

Project Managers - Jhb, CT, Dbn, AfricaBSc Bldg/Civil/QS. PM Company with international strategies needs someone who understands thedesign & build process of project management / development. Browse to Classifieds for full details.

Project Manager - MoroccoBSc Bldg/Civil/QS. Worked as PM on residential / hotel projects? Worked your way through the ranks, aproven background in building construction? Strong personality, focused, delivers. Internationalleisure/casino & hotel developers. Leisure - entertainment, casino, hotels, commercial, residential. Browseto Classifieds for full details.

Project Managers - Cape Town, Zanzibar, Comores, AngolaBSc Bldg/Civil/QS. Exciting internationally renowned company needs PM. Browse to Classifieds for fulldetails.

Project Managers - Jhb South Africa & InternationalBSc Bldg/Civil/QS. Ideal candidate should have worked his way up with a building contractor. Browse toClassifieds for full details.

Need project managers? The best way to advertise your vacancies are in the Classifieds section on the

ProjectPro

The Project Management Calendar

View local and international eventson the project managementcalendar as listed by ProjectPro.

ProjectPro ...linking vision toreality

Visit ProjectPro® today

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ASAQS website - it's absolutely FREE! Adverts for Project Managers submitted to the Classifieds are alsoincluded in this newsletter. If you prefer using an employment consultancy we recommend you contactPCS-SA on +27(11)789 3337. If you wish to relocate overseas we recommend you contact the HaysProperty & Surveying division.

VISIT SACPCMPSACPCMP was established to provide for statutory professional certification, registration and regulationof Project and Construction Management Professions in order to protect public interest and advanceconstruction and project management education.

To visit the The South African Council for the Project and Construction ManagementProfessions.... click here

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ENGINEERING NEWS

Ekurhuleni employment rate growing - reportThe Ekurhuleni metropolitan (metro) municipality tasked the corporate strategy and industrial development(CSID) research programme, of the University of the Witwatersrand, with conducting three manufacturingsurveys in the area between 2003 and 2006.(©www.engineeringnews.co.za)

2010 World Cup already raking in more money for FIFA than '06The FIFA World Cup 2010 in South Africa has generated more revenue than any other World Cup in thepast 100 years, Local Organising Committee CEO Danny Jordaan said.(©www.engineeringnews.co.za)

Construction industry bears the brunt of food price inflationSouth Africa's construction industry, one of the economy's main growth drivers, was taking the strain fromthe "seemingly uncontrollable" rise in food inflation.(©www.engineeringnews.co.za)

Cape Town intersection hosts SA's first solar-powered traffic lightNonfunctioning traffic lights, caused by power cuts, are a motorist's nightmare and cause untold delays,hence the enthusiasm in Cape Town, where the first solar-powered traffic light in South Africa is nowfunctioning.(©www.engineeringnews.co.za)

New AltX listing has big growth plansNew AltX listing African Brick Centre plans to expand its business to about 50 franchise stores in the next18 months.(©www.engineeringnews.co.za)

ENGPlus is a groundbreaking Engineering Measurement software package which offers a complete software solution for Engineering Schedules ofQuantities. It is fully multi -user over a network and is based on a relational database management system. A full User Profile (setup by the user)is included so that any User's access to functions may be permitted or restricted. Generally ENGPlus 2001 follows the same fundamentals as

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QSPlus 2001.

EMPLOYMENT CORNER

Engineering HRMCape Town. Hands on - used to Unions. Good training experience would be valuable. Browse toClassifieds for full details.

Need engineers? The best way to advertise your vacancies are in the Classifieds section on the ASAQSwebsite - it's absolutely FREE! Adverts for Engineers submitted to the Classifieds are also included in thisnewsletter. If you prefer using an employment consultancy we recommend you contact PCS-SA on+27(11)789 3337. If you wish to relocate overseas we recommend you contact the Hays Property &Surveying division.

From the Safcec newsletter:

SAFCEC Presidential Award 2007

One of the highlights of the SAFCEC / SAACE Gala dinner is the announcement of the PresidentialAward. This year, we were all taken by surprise when Glenville Cullum announced the winner for 2007was our own Executive Director, Henk Langenhoven. In his announcement Glenville said that this awardhas been given to Henk because of his 17 years selfless service to the civil engineering industry.

Kwa-Zulu Natal News

SANRAL Liaison Meeting – 11 October 2007SANRAL ran into problems with this date and requested that the meeting be scheduled later in 2007.SANRAL will propose convenient dates which will be circulated to committee members and SAACE.

SAFCEC / SAACE Construction Conference

The Conference, which was held in the Western Cape (Somerset West) this year, was a resoundingsuccess. Clients, Consultants and Contractors, in a packed conference hall, enjoyed presentations from:Aubrey Mashiqi (SABC Political Analyst) – Political Journey into the Future.Cees Bruggemans (FNB Economist) – The Lift Off in ConstructionMike Lomas (ex CEO Group Five) – New Era in ConstructionDr Kobus Neethling – Creativity and Thinking Outside the Box.This presentation can only be described as excellent.

VISIT SAFCECSixty three years constitute two generations. The South African Federation of Civil Engineering Contractors has celebrated oversixty years of being the "midwife" of the development of South Africa. Its members were intimately involved in the creation of theinfrastructure that became the envy of our continent. In the same spirit, SAFCEC has prepared itself for the challenges awaiting us inthe new millennium.

To catch up on the latest news click here

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NEWS FROM AFRICA

More relief for Zim retailersZimbabwe has once again allowed wholesalers and retailers to increase prices of basic commodities andagricultural inputs.(©www.news24.co.za)

SA, Namibia in talks to build hydropower stationSouth Africa and Namibia may build a 30-MW hydro-electrical power plant on the Orange River, to easethe burden on the countries’ tight electricity supplies.(©www.engineeringnews.co.za)

Namibian marine gem-mining output recovers after seasonal downturnMarine diamond production from Canadian diamond company Diamond Fields International's (DFI's) jointoperations (JO) mining area off the coast of Luderitz, Namibia, has improved, the company reported.(©www.engineeringnews.co.za)

AngloGold probes ‘health risk’ at Mali mine ANGLOGOLD Ashanti is busy with the second phase of a study into whether there is any scientific linkbetween operations at its Sadiola mine in Mali and reports that four out of five pregnant women in twovillages near the mine are miscarrying.(©www.businessday.co.za)

Africa invests R460bn in Nepad projectsAFRICA has invested R460bn in priority areas of the New Partnership for Africa’s Development (Nepad),more than half of which came from contributions from African governments, Nepad secretariat CEOFirmino Mucavele says.(©www.businessday.co.za)

Zimbabwe inflation worries MboweniThe governor of South Africa's central bank says high inflation in Zimbabwe is a problem for the SouthernAfrican Development Community.(©www.busrep.co.za)

VIRUS OR HOAX?In case you ever receive an e-mail containinga virus warning please check carefully whetherit refers to a real virus or a hoax. Usually e-mail warnings encouraging you to forward theinformation to all and sundry are hoaxes. Youcan make sure by visiting the Virus or Hoax?web site or by visiting the hoax list onSymantec

Be an informed Internet user and check thefacts before forwarding an e-mail hoax toothers!

If you suspect that you have opened an e-mailcontaining a virus visit the virus informationsection on Virus or Hoax? The site also linksto free virus-removal programs.

You can also try the BitDefender onlinevirus scanner

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PC PITSTOPAt PC Pitstop they will help you get your PC in topform -- running fast, stable and secure. PC Pitstopruns diagnostics on your PC to identify things thatmight help improve performance.Visit PC Pitstop - it's free.

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De Beers won't use zeppelin for Botswana exploration after crashGem-miner De Beers, which temporarily suspended exploration using the zeppelin airship after it crashedin Botswana late last month, said on Wednesday that it would no longer use the airship in its prospectingprogramme in that country.(©www.miningweekly.co.za)

DRC could outdo South African mining success, says head of largest DRC companyThere is still fire in George Forrest's belly. The veteran of the Democratic Republic of Congo's mining andbusiness scene continues to have strong belief in the capability of the DRC to return to its glory days.(©www.miningweekly.co.za)

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MINING NEWS

Xstrata to exploit platinum price DIVERSIFIED global miner Xstrata would ramp up production at the Elandsfontein platinum mine beyondthe current mine plan if it made economic sense, Xstrata Alloys CEO Peet Nienaber said yesterday. (©www.businessday.co.za)

Petra hopes to gain from ‘diamond rush’ DIAMOND mining junior Petra Diamonds said yesterday the market was experiencing a “diamond rush”thanks to “the shift of power in the diamond industry”.(©www.businessday.co.za)

China fights shy of pricey copper COPPER dropped the most since August 16 in London yesterday on speculation that a four-week rallywas deterring Chinese buyers from purchasing the metal for use in wires and pipes.(©www.businessday.co.za)

Pamodzi cuts offer for President Steyn minePamodzi Gold has announced a reduced offer to acquire the President Steyn gold mine in the Free State.(©www.busrep.co.za)

Xstrata to fast-track development of Eland mine, buy more juniorsXstrata will accelerate the development of Eland Platinum's multibillion-rand mine and look to acquiremore platinum juniors, according to chief executive Peet Nienaber.(©www.busrep.co.za)

Gold Fields sells Venezuela assets for $532mJSE-listed miner Gold Fields will sell its assets in Venezuela to Rusoro Mining for $532-million (aroundR3,5-billion), the proceeds of which would be used to fund its extensive capital investment plans, and toreduce debt. The transaction includes Gold Fields' stake in the Choco 10 gold mine, and contiguous

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mineral rights.(©www.miningweekly.co.za)

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NEWS FOR ESTATE AGENTS AND HOME OWNERS

Hout Bay retirement village on showConstruction of the Kronendal Retirement Village in Hout Bay is well under way and the estate will be onshow on Sunday 14 October 2007.(©www.property24.com)

New 102-unit development launched in East London Expansive, north-facing country views with close city access form the key characteristics of a newresidential development being launched in East London on Friday.(©www.rodneyhayter.com)

Integer captures R100m in loan applications in 36 hours Integer, the newly launched home loan provider, captured over R100 million worth of mortgageapplications within 36 hours of business - and over R120 million in its’ first week of operation.(©www.rodneyhayter.com)

Progate Metal Manufacturing. We design, manufacture and install all types of palisade fencing and gates, balustrading, burglar proofing andelectronics to suit any domestic or commercial purpose. ProSpan Structures offers a one-stop service from design and manufacture to installationin any aspect of steel fabrication, steel structures and metal work.

To build or buy – it’s a dilemma, by Keith Wakefield Browsing through a magazine the other day I found an article in which it was stated that everyone shouldaspire to building their own home.(©www.rodneyhayter.com)

Chinese interest in SA propertyTHERE was huge interest in the South African residential property market among high net worth visitorsat the recent China International Luxury Property Show in Shanghai, where 50 exhibitors representedabout 15 countries from around the world.(©www.businessday.co.za)

Seeff says rate hike could deliver “knockout blow” “There is no doubt that there’s been a marked slowdown in the real estate market with sales havingdropped off considerably during the August and September months, following the introduction of the NCAbut mostly, the last interest rate increase, which has put a considerable dampener on the market,according to Samuel Seeff, chairman of Seeff Properties.

THE AGENTS' TOOLKITProperty ResearchInvestments & Personal FinanceResearchQuarterly Economic PerspectiveBond Repayment CalculatorSelected RepaymentAffordability - “What loan amountdo I qualify for?Bond Term - “How soon can Ipay off my Loan?Monthly Repayment - How muchis my monthly repayment?Bond Costs - How much will mybond cost be?Additional Payment - Whathappens if I pay extra eachmonth?Multiple Payments - Whathappens if I pay more than onceper month?Estimated Building ReplacementCost

Buying a home - step by stepguideSelling a home - step by step guide

BUILDING TERMSDon't know your architraves from

your dados? Don't know your

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(©www.rodneyhayter.com)

New fractional concept comes to SAStoneBridge Leisure Group, a group specialising in multidestinational and fractional ownership in SouthAfrica, has teamed up with Quintessentially, a worldwide luxury lifestyle group, to bring a new fractionalownership concept to this country.(©www.property24.com)

Cape Town estate sold outStonehurst Close, a lifestyle estate situated at the foot of Ou Kaapse Weg in Cape Town, has sold out.(©www.property24.com)

Doing a Grecian design? RhinoArt Classic ceiling roses and cornices - Captures the spirit of the magnificent Grecian order to make myth andmagic in your modern home.

RE/MAX SA warns that rate hike could hurt market A further interest rate increase this week could be substantially detrimental to the lower end of theresidential property market and particularly the first time buyer, according to RE/MAX of Southern Africa.(©www.rodneyhayter.com)

Get value for money with agentsCommission on a house sale amounts to a lot of money and consumers should make sure they get theirmoney's worth.(©www.property24.com)

Pta inner city gets its groove backHelped by large-scale corporate investment into the area, Pretoria has shaken off its inner city problems,which boosted flat and rental prices, a new report showed.(©www.property24.com)

With the intended purpose of "housing the nations", moladi embarked on an endeavour to develop a system to construct durable structures ofquality in the shortest possible time.

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THIS WEEK'S ECONOMIC INDICATORS

The indicators as on

TAILPIECE

Facts about South Africa:

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12 October 2007 15:35This week 6/10/2007

Rand/$ 6.7700 6.8900Rand/£ 13.7200 14.0400Rand/€ 9.6000 9.7300Gold/oz $748.10 $735.60Gold Mining 2572.20 2566.10JSE All Share 31005.76 30925.46

Oil firms over $81, winter supply fears mountOil prices firmed on Thursday, extending gains above $81 as dealers braced for a possible decline inU.S. winter fuel stocks and factored in a disruption in crude production in Alaska. U.S. crude rose 16cents to $81,46 a barrel by 0147 GMT, after gaining more than $1,04 on Wednesday.(©www.engineeringnews.co.za)

Gordhan warns on company tax delays CAPE TOWN — The South African Revenue Service (SARS) warned yesterday that the Income Tax Actmight be amended to increase the penalties on the deliberate under-estimation of half-year profits bycompanies that seek to gain a cash advantage at the expense of the fiscus.(©www.businessday.co.za)

Strong metal prices send JSE soaring RESOURCE shares pushed the JSE to a record yesterday on the back of stronger metals prices, despiteweaker US and European share prices, while the rand drifted in ranges. The JSE blue chip top-40 indexclosed 0,91% firmer to 28425,95 points, while the broader all share index gained 0,85% to 31198,73 , asthe prices of commodities — including gold, silver, lead and platinum — climbed.(©www.businessday.co.za)

Gold's billing as a haven in troubled times is as believable as the tooth fairOne of the enduring dogmas of global finance holds that gold is a shielded asset. The precious metal isbilled as a hedge against inflation, the ultimate insurance policy against geopolitical risk and protectionduring periods of financial-market turmoil.(©www.busrep.co.za)

Rate hikes 'penalise economy'The latest interest rate hikes highlight a harder landing in the momentum of the economy than waspreviously envisaged, says an economist.(©www.news24.co.za)

KEY ECONOMIC INDICATORS

Economic Data and Forecasts

Economic data and economic information about South Africa and the region. Market trends, economicreviews and forecasts. Economic indicators such as interest rates, exchange rates, repo rate, interbankrate, forward rates, monetary aggregates, consumer price index and producer price index.

M-Net is Africa's largest paytelevision service, delivering 24-hour programming to dozens ofcountries across the continent.

Many of us would be delighted topay as we go if we could onlycatch up from paying as we'vealready gone.

After last weekend's RWC upsetsthese appeared:

New Korean All Blacks Coach hasbeen appointed; his name is WinWun Soon.

Due to the success of the AllBlacks resting their players for thefirst half of the Super 14, theyhave decided to rest them for thesecond half of the World Cup.

The coach takes out the Wallabiesfor training and tells everyone toassume their normal position. Sothey all go and stand behind thegoalposts and wait for theconversion.

The seven dwarves are down inthe mines when there is a cave-in.Snow White runs to the entranceand yells down to them. In thedistance a voice shouts out "NewZealand are good enough to winthe World Cup." Snow White says"Well at least Dopey's alive!"

If white wine goes with fish, dowhite grapes go with sushi?

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

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