18 Jun 2013

Building & Construction

Banning, a bad idea

That's the message according to research released last week by Econometrix. The results show that a ban on alcohol advertising would cost nearly 12,000 jobs and almost R1.8bn in tax revenue.

The government has, as expected, dismissed the findings as one-sided etc, but one has to ask whether the full implications of banning alcohol advertising, Health Minister Aaron Motsoaledi's latest target, have been properly thought through.

Econometrix senior economist Rob Jeffrey said his research also revealed that there was no statistical relationship in South Africa between advertising expenditure and the consumption of alcohol.

Also on the government beat, the SA government wants an investigation into spy allegations made by a UK newspaper, which claims that SA delegates were among those who attended the 2009 Group 20 meeting who were put under surveillance.

The poorest of the poor are the first to suffer when food prices rise and now Agriculture, Forestry and Fisheries Minister Tina Joemat Pettersson says high prices are a threat to food security. Dead right - so what about doing whatever possible to not only keep commercial farmers on the land, stop landing them with wage bills they cannot sustain, and generally ensuring that we produce food here, rather than have to import it - because the latter will cost a great deal more.

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Weekly top stories

GBCSA set to ReWire thinking on sustainability
The sixth annual Green Building Council South Africa (GBCSA) Convention & Exhibition will take place at the CTICC from 16-18 October 2013. In response to sustainability trends and market demands, the event has been reinvented with a new theme, 'ReWire'. Read more >>

Building & Construction
GBCSA set to ReWire thinking on sustainability
The sixth annual Green Building Council South Africa (GBCSA) Convention & Exhibition will take place at the CTICC from 16-18 October 2013. In response to sustainability trends and market demands, the event has been reinvented with a new theme, 'ReWire'. Read more >>

Create/update your MyBiz Profile on Bizcommunity and win!
[Issued by Bizcommunity.com] Create or update your MyBiz Profile on Bizcommunity before 30 June 2013 and stand a chance to WIN an awesome GoPro camera and accessories worth over R6000. The winner will be picked via a lucky draw and announced on 1 July 2013 on Biz, Facebook and Twitter. Read more >>  visit press office >>


Engineering
GAST statement on the Medupi Power Station contract
Engineering solutions provider GAST has announced that Basil Read terminated its contract, despite having already completed more than 95% of a R83 million contract. Simultaneously Basil Read called upon GAST's R8.2 million performance bond. Read more >>


Building Materials
Steel market doldrums hurt BSI
[Mark Allix] BSI Steel's headline earnings per share plummeted 51% in the year ended March 31 amid declining steel consumption in the South African market. Read more >>


Construction
Eskom can cut Billiton's power if it wants to
[Monde Maoto] Eskom has invoked its right to disrupt the power supply to BHP Billiton's aluminium smelters in the case of an emergency as demand by households showed signs it will exceed the state-owned utility's capacity to generate enough power this winter. Read more >>

Ascension's day as it buys properties
[Nick Hedley] Ascension Properties has continued its rapid portfolio growth since listing a year ago‚ having concluded an agreement to buy Shell House and Ovenstone House properties in Cape Town from Atterbury Investment Holdings for R341m. Read more >>

Investec both 'lender and investor' in farm
Construction of West Coast One, a 94MW wind farm near Cape Town, is expected to start as soon as the project's developers reach financial closure. Read more >>


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