Construction and Property Corner ::: 09 August 2023

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Construction and Property  Corner ::: 09 August 2023 

 


 

 

	
 


 

 


 

ü  Huge processing plant construction at advanced stage

ü  Journey into Russia: Unveiling architectural marvels, efficient transport
lessons for Zimbabwe 

ü  Asphalt plant for Byo-Vic Falls road

ü  Government builds five new schools, rehabilitates 100+ in Midlands   

ü  Namibia: Sampofu Wants Plans for One-Stop Border Post Fast-Tracked

ü  Offshore financial hub to drive Vic Falls real estate

ü  Norfolk Casino Back to Single-Phase Timeline Following City Confusion

ü  Don’t look down!- construction on SA’s R4bn tallest bridge in Africa
resumes

ü  Trade, Industry and Competition on constructing R500 Million Cement
Grinding Plant at Bojanala Special Economic Zone

ü  Canada Construction Industry Report 2023: Commercial, Industrial,
Infrastructure, Energy and Utilities, Institutional and Residential Analysis
& Forecasts 2018-2027

ü  Construction planning drops for fifth month on interest rates, lending
issues

ü  July's slowdown in residential construction hiring is a 'one-off,' expert
says

ü  Construction to begin on Boulder’s modular home factory

ü  Harris to announce new wage rule for construction projects

 


 

 


 <https://www.willdale.co.zw/> Huge processing plant construction at
advanced stage

CONSTRUCTION of the multi-million-dollar Cut Rag Processors Limited tobacco
processing plant is progressing well and likely to add impetus to the
country’s beneficiation and value-addition drive.

 

The first phase of the giant facility, which is located in the Lochinvar
industrial area, Harare, is almost complete.

 

The project — being funded to the tune of between US$80 million and US$100
million — provides huge momentum to the country’s thrust to grow the tobacco
sector to a US$5 billion industry by 2025.

 

“We started a few months ago; we are actually ahead of schedule,” said a
supervisor with one of the contractors at the site, who declined to be
identified because he is not authorised to talk to the press.

 

The company already manufactures cut rag (tobacco cut into fine strips) and
cigarettes (Remington Gold).

 

Repeated efforts to get a comment from Cut Rag managing director Mr Nyasha
Chinhara were unsuccessful.

 

However, in an earlier interview, Mr Chinhara said the plant would consist
of primary processing machines and a surface mount technology (SMD) line for
cigarette production.

 

The tobacco manufacturing process starts with the primary production of cut
rag blends and then secondary production that involves the making of
cigarettes.

 

Zimbabwe has three major cut rag producers — Cut Rag Processors, Amadol and
British American Tobacco (BAT).

 

Major cigarette manufacturers are BAT, Cut Rag Producers and Pacific.

 

“This is in furtherance of the company’s broad strategic direction
underpinned by the Tobacco Value Chain Transformation Plan, which seeks to
boost earnings from tobacco through value addition,” Mr Chinhara said then.

 

Cut Rag Processors was formed in February 2000.

 

It is believed to be the first independent cut rag production facility in
Zimbabwe, servicing both the domestic and export markets.

 

The establishment of the company paved the way for the merger of BAT and
Rothmans in 2000.

 

The Government, through the Competition and Tariff Commission, had rejected
the merger out of concern the merged entity would create a monopoly.

 

Between 2012 and 2014, the company scaled down operations when it closed its
cigarette plant. A year later, it decided to exit the tobacco business.

 

Cut Rag Processors provides cut rag processing and supply services to most
of the local cigarette manufacturers, as well as regional and international
customers.

 

Tobacco farming is one of the biggest empowerment stories in the history of
Zimbabwe.

 

Prior to the land reform programme, tobacco farming was a preserve of
large-scale commercial farmers.

 

However, the successful empowerment of the sector at primary level has not
translated into gains further down the value chain, where superior returns
are being made by leaf merchants and cigarette manufactures.

 

About 98 percent of the tobacco produced in Zimbabwe is exported in green
(semi-processed) form by exclusively big tobacco merchants.

 

With one or two exceptions, indigenous merchants have failed to penetrate
this market due to formidable entry barriers.

 

They include difficulties in accessing low-cost funding, long working
capital cycles, challenges in accessing markets in the exclusive “old boys
club” of global tobacco and lack of factory processing capacity.

 

Zimbabwe has three processing facilities owned by Zimbabwe Leaf Tobacco,
Tobacco Processors Zimbabwe and MTC.

 

Overall, Government’s Tobacco Value Chain Transformation Plan, which also
envisages growing tobacco output to 300 million kg by 2025, is premised on
expanding the leaf production base and setting up processing facilities, as
well as cigarette production factories, to maximise revenue from the cash
crop.

 

It also seeks to raise the localisation of tobacco production funding to 70
percent by 2025, and increase the level of beneficiation and value addition
to 30 percent from 2 percent. Approximately 96 percent of tobacco funding is
foreign.

 

Tobacco deliveries rose to a record 293 million kg this year, surpassing the
projected output of 231 million kg.

 

Zimbabwe — the world’s sixth-largest tobacco producer — is processing only 2
percent of the yellow leaf. – Sunday Mail

 

 

 

 

Journey into Russia: Unveiling architectural marvels, efficient transport
lessons for Zimbabwe   

THE enchanting experience of traveling to Moscow and Saint Petersburg in the
Russian Federation left a lasting impression. As part of the InteRussia
Fellowship Programme for International Journalists, I joined a diverse group
of journalists from African countries to immerse ourselves in Russia’s
culture and alternative perspectives provided by Sputnik News Agency and
Radio.

 

We were attached to the biggest media news agency in Russia, Sputnik News
Agency and Radio whose aim is to give the world alternative content from
what the Western media propagates especially with regards to Russia and the
Ukrainian conflict.

 

Contrary to the Western portrayal of Russia as an aggressor in the Ukrainian
conflict, our journey unveiled a more complex reality, with many Russians
having relatives living in Ukraine. 

 

InteRussia Fellowship Programme journalists from Africa just after
conducting a boat cruise on Moscow River

 

Issues like the banning of the Russian language in certain Ukrainian regions
were unreported in the media, but experiencing it first-hand allowed us to
see beyond the headlines.

 

But what struck me more is how the Russians seem to be going about their
business seemingly oblivious of the “war torn” country they live in.

 

Beyond the geopolitical backdrop, Russia’s architectural wonders captured
our imagination. The majestic seven sisters, skyscrapers built during
Stalin’s reign dominate Moscow’s skyline. 

 

These grand structures, like the Moscow State University and Hotel Ukraina,
symbolise the fusion of political ideology and architectural design, which
continues to influence modern-day construction in the city.

 

 

We visited the Moscow State University and on the left and right of the
tower there is a sculpture of peasants’ parents.

 

Sergey, one of the tour guides who took us through the tour of Moscow
explained that the sculptures of peasants’ parents is meant to encourage
students walking into the university that they should not be limited by
their background when embarking on their academic journey.

 

He explained that even to date, the construction of skyscrapers in Moscow is
influenced by the seven sisters as was envisioned by Stalin more than 70
years ago.

 

What I also found intriguing is that the political ideology was translated
to architectural designs and still influences modern-day construction of
high rise buildings in Moscow.

 

As we navigated Moscow’s vast expanse, the city’s efficient public transport
system, which serves 17 million residents, left us in awe. The metro, hailed
as the underground palace of Moscow, transported us seamlessly across the
city. 

 

Reliable, cheap, and accommodating, the metro serves as a model for Zimbabwe
to emulate in curbing our often chaotic transportation system.

 

A view from the Moscow River

 

On the official first day a member of the Gorchakov Fund, visited our hotel
room to take us to where our first meeting would be held.  He brought along
a card which we later called the metro card. 

 

 

The card enabled us to access the metro station and his instruction was very
simple; “Do not lose this card, you are going to use it wherever you want to
go in Moscow either by rail or by bus.”

 

We relied on the metro train for most of our trips in Moscow and the train
starts operating at 5AM to 1AM on a daily basis and reaches every part of
the city. The metro station in Moscow is called the underground palace of
Moscow largely due to the architectural design of the station and its
efficiency.

 

Before taking a ride into a metro train, one has to appreciate where they
are going as there would be several trains moving on different lines going
to different stations.

 

The train is used by most residents in Moscow and is highly reliable and
cheap with a trip costing less than US$0,50 and once in the metro you can
change trains without any cost.

 

In case one misses a train, they are guaranteed to get into the next metro
after two minutes and in case you miss your station, there is always a train
moving the opposite direction.

 

The same metro card also enables one to use the local buses but I observed
that the buses were not as popular as the train. An efficient and reliable
public transport system could be something that Zimbabwe needs to learn from
Russia and can rid the country of the chaotic illegal taxi operators.

 

On Sundays, Moscow’s parks come alive with various artistic performances,
providing a serene escape from the bustling city. Zimbabwe can learn from
this rejuvenation of recreational spaces to create vibrant public places.

 

Preserving cultural heritage, the Peterhof Museum in Saint Petersburg stands
as a testament to Russia’s rich history. It is a majestic palace which was
built by Russian Tsar, Peter the Great between 1714 and 1723. This man-made
wonder and other heritage sites showcased Russia’s ability to capitalise on
its resources, an aspect Zimbabwe can leverage.

 

One of the tour guides Alena Malykhina stated that the museum is visited by
at least 2 000 visitors daily and is among the top tourists destinations.
The Peterhof Museum Reserve still has some artefacts that the monarchy used
to use. However, some of the artefacts had to be replaced after they were
destroyed by the Nazis in the 1940s during the Second World War, Malykhina
said. 

 

St Petersburg City, was declared a heritage site meaning most of its
exterior buildings are not renovated. The city has become a tourist
destination for maintaining its infrastructure unchanged. While in Zimbabwe,
most of our tourists’ destinations are natural, it was fascinating to
observe that in Moscow and St Petersburg, their heritage sites and tourist
destinations are manmade and the locals have an attachment to them. Hence,
Zimbabwe with its natural and manmade heritage sites can learn from Russia
on how to monetise on resources that it has.

 

The language barrier could be the biggest downside to enjoying the full
Russian experience. While the Russian people are warmly and would extend a
helping hand where they could, the language barrier became a serious
hindrance to communication.

 

InteRussia Fellowship Programme for International Journalists attendees pose
for a photo

 

While the language barrier posed challenges, Russia’s establishment of
cultural centres in African countries offers opportunities for students to
learn the language and tap into Russian Government scholarships. Learning
the Russian language puts students at a strategic position to acquire
scholarships extended by the Russian Government with statistics showing that
the population of African students has tripled within a decade in Russia.

 

Despite the absence of traditional Russian sausages in their fast-food
outlets, Russia’s cuisine still delighted our palates with a diverse array
of flavours.

 

Luckily, we visited Russia during summer, escaping the notorious Russian
winter. The sun’s late setting and early rise surprised us, making the most
of our time in this captivating country.-chronicle.co.zw

 

 

 

 

Asphalt plant for Byo-Vic Falls road

BITUMEN World, the company contracted by Government to rehabilitate the
Bulawayo-Victoria Falls Road, has established an asphalt production plant in
the Gwayi area between Lupane and Hwange in Matabeleland North province to
speed up the process.

 

Asphalt refers to a combination of bitumen (tar), sand, cement, and some
chemical additives that are mixed together at high temperatures depending on
engineers’ specifications, and are used for major construction projects.

 

The Government has facilitated the swift deployment of the contractor, which
has since deployed its teams to different points along the highway to
undertake intense pothole patching, resurfacing and repairing damaged road
edges.

 

The total budget for the project is yet to be disclosed.

 

It took President Mnangagwa’s intervention to ensure the speedy response
following an outcry by stakeholders who felt the damaged highway was now
risky to motorists as it caused accidents while businesses were incurring
high costs on fleet repairs with a huge strain on the tourism industry, in
particular.

 

The Bulawayo-Victoria Falls Highway is a strategic trade route on the
regional north-to-south corridor, linking Zimbabwe with South Africa,
Zambia, Botswana, Namibia as well as the DRC. Road construction falls under
the infrastructure clusters and roads are regarded as key economic enablers
in the attainment of Vision 2030, that of achieving an upper-middle-income
society.

 

In an interview on Friday, Asphalt Plant technician, Mr Thomas Nyamuzinga,
said the establishment of the new plant began three days ago as part of
efforts to accelerate the rehabilitation of the road.

 

“This equipment is called an asphalt plant. It is responsible for mixing
bitumen, sand, and other aggregates to produce asphalt that we use to cover
potholes,” said Mr Nyamuzinga.

 

After covering the potholes, we are going to bring other road surfacing
machines that are going to spread again on the surface covering the
potholes.”

 

Mr Nyamuzinga said the process is expected to be complete in about two
months.

 

“So, it’s going to take time, maybe two months from now and the plant will
be ready and we will start bringing in our road surfacing equipment. There
is still more equipment to come, especially the road surfacing equipment,
some tippers to bring it quarry from Jotsholo,” he said.

 

“Obviously, (works) will be very much quicker because we used to source
material from Harare where our biggest plant is. So, this one around here in
Matabeleland is the first one, and it will be closer from here to Bulawayo
and from here to Victoria Falls. It’s on the central position and will serve
the whole highway.”

 

Mr Nyamuzinga said the scope of rehabilitation works includes pothole
patching and resurfacing. He, however, said in other portions of the road,
which are extensively damaged such as in Hwange, the contractor is doing
total reconstruction.

 

He said Bitumen has another bigger asphalt plant in Makuti area along
Chirundu Highway where the company is doing similar upgrade works.

 

Along the highway, the news crew observed that the most dangerous potholes
had been completely sealed between Lupane and Hwange and motorists are
enjoying their drive once again.

 

The stretch between Bulawayo and St Luke’s, while still has some potholes,
major ones have been sealed and the contractor is closing the gap.

 

The Government declared the state of roads infrastructure in the country a
state of emergency following heavy and destructive rains in the last two
years and has been rehabilitating the road network through the Emergency
Road Rehabilitation Programme, which is set to be succeeded by the Road
Development Programme with the aim of developing the country’s roads to meet
world-class standards in line with Vision 2030.

 

Victoria Falls-Bulawayo Road had over the years deteriorated to appalling
levels resulting in a number of fatal accidents as motorists tried to
navigate around the potholes.

 

Bitumen World’s chief executive, Mr Andre Zietsman, last week assured
stakeholders that maintenance works would likely be completed within the
next 11 months. He noted that since the commencement of works in the past
few weeks, they were progressing well and that their estimates were that the
close to 400km highway will be fully repaired in the next 11 months.

 

He said at the moment the contractor was seized with emergency
rehabilitation works between Hwange and Victoria Falls where a 32km stretch
needs complete reconstruction.

 

Haulage trucks, mainly from the coal mining areas in the Hwange district,
have been largely blamed for the rapid deterioration of the load, leading to
legislators calling for the implementation of a resolution that 15 percent
of minerals or cargo from mining houses be transferred to the National
Railways of Zimbabwe (NRZ).

 

However, the railway entity has been facing challenges resulting in most
businesses resorting to using heavy trucks on the roads, which has been
blamed for damaging major highways, which increases the cost of maintenance
and rehabilitation.-herald.co.zw

 

 

 

 

Government builds five new schools, rehabilitates 100+ in Midlands   

FIVE new schools have been constructed while over 100 have been
rehabilitated in the Midlands province since December 2018 as the Second
Republic continues to walk the talk in its development agenda.

 

Government under the stewardship of President Mnangagwa has been investing
in education among other sectors as part of the drive to steer Zimbabwe
towards attaining an upper middle-income society by 2030.

 

The schools were constructed by local authorities using devolution funds
which have assisted councils to fulfil their obligation of providing social
amenities.

 

 

Secretary for Midlands Provincial Affairs and Devolution, Mr Abiot Maronge,
said the Second Republic has achieved outstanding milestones that continue
to improve the lives of ordinary Zimbabweans.

 

 

 

“Five new schools have been constructed while over 100 have been improved by
constructing new classroom blocks and teachers’ houses since December 2018,”
he said.

 

Mr Maronge said some of the new schools that have been built using
devolution funds in the province include Zhaugwe Primary School in Shurugwi
district, Nyaradza Primary School in Gokwe South, Nyamuroro, Budiriro and
Mtora Primary schools in Gokwe North.

 

 

He said Mtora Primary School which has an enrolment of 335 pupils used to be
accommodated at the Gokwe Community Centre which is a council-owned
building.

 

Mr Maronge said the school needed proper infrastructure and furniture to
ensure a conducive learning environment.

 

“Two classroom blocks have since been constructed at the new school and more
work needs to be done,” he said.

 

Mr Maronge said 27 science laboratories were constructed at different
schools across the province while 48 schools had additional teachers’ houses
constructed.

 

 

Mr Abiot Maronge

 

“The ongoing projects include the construction of 86 classroom blocks, 56
houses for teachers and 27 administration blocks at different schools,” he
said.

 

Mr Maronge said Gweru City is the home of the Midlands State University
(MSU) Innovation Hub and Industrial Park inline with Education 5.0 .

 

 

Education 5.0 emphasis teaching, research, community engagement, innovation
and industrialisation anchored by a new heritage-based philosophy.

 

“At the MSU Language Centre, books and Government documents can now be
translated into 16 approved official vernacular languages. At the industrial
park, they are making garments, water and fruit juice production,” said Mr
Maronge.

 

The MSU has set up strategic business units such as its agro-processing
unit, coal tar processing plant, the MSU Enterprise Unit, the MSU National
Language Institute and the National Pathology, Research and Diagnostics
Centre.

 

“A total of 17 ICT centres were established in the province and over 120
schools now have access to ICTs,’’ said Mr Maronge.

 

Mr Maronge said base stations were set up at Mapfungautsi in Gokwe South,
Lalapanzi near Gweru and in Zvishavane.-chrmicle.cl.zw

 

 

 

 

Offshore financial hub to drive Vic Falls real estate

The emergence of Zimbabwe as an offshore financial hub will put the country
on the radar for real estate investments, which will benefit the economy,
experts in the sector have said.

 

As part of initiatives to attract foreign direct investment in the country,
the Government identified the resort town of Victoria Falls as an offshore
financial services centre.

 

The successful implementation of this plan will also hinge on infrastructure
development to support the plan.

 

As such, activity in the real estate sector is expected to be high as the
resort town adopts the model used by Dubai and Mauritius to attract global
and regional banks and other financial services providers to develop
structures in the tourism resort centre.

 

Already, the resort town witnessed the launch of the Victoria Falls Stock
Exchange (VFEX) three years ago as part of the initiatives towards that
broader plan.

 

Real estate consultants Knight Frank see this as one of the key trends to
watch in the region, going into 2024.

 

“Zimbabwe’s economy is expected to become supercharged following the
Government’s decision to establish an offshore financial services centre in
the resort city of Victoria Falls,” said Knight Frank analyst Boniface
Abudho, in their Africa Horizons report, which offers the continent’s unique
guide to real estate investment trends and opportunities for 2023/24.

 

“The offshore financial centre will be modelled on Dubai, Mauritius, and the
Isle of Man and will offer investors an environment comparable to these
jurisdictions.

 

“The centre operates in US dollars and offers tax incentives, making it an
attractive destination for global banks’ African headquarters,” said Knight
Frank.

 

One of the first steps to this, the launch of the VFEX in Victoria Falls,
has already seen a surge in listings, driven by incentives that include
trading in US dollars, tax exemptions on capital gains, and the ability to
repatriate funds from a country where foreign exchange is in short supply.

 

The real estate sector remains a lucrative investment opportunity in
Zimbabwe with the ability to hedge against inflationary pressures. Activity
has been high in the residential cluster and expected to remain on the back
of strong demand for housing. Apart from the residential cluster, experts
also opine that the warehousing segment continues to present growth
potential following increased activity in both mining and agriculture
sectors.

 

The trend is expected to remain in the absence of more development to
service the market, according to analysts’ projections.

 

Apart from agriculture and mining, retailers are also coming in with strong
demand for space.

 

“In recent years, there has been a shift from traditional in-store shopping
to online shopping resulting in an increased demand for warehouse space.

 

The worldwide prevalence of e-commerce has also made industrial real estate,
particularly warehouse real estate, an attractive investment,” said IH
Securities in a real estate sector report.

 

According to eMarketer, the e-commerce industry is expected to grow at a
CAGR (Compounded Annual Growth Rate) of 8,8 percent until 2026, attracting a
lot of investment in infrastructure that makes e-commerce possible. Experts
in the real estate sector also say supply for warehousing space has remained
limited resulting in a spike in demand as industrial activity has been on
the increase following relaxation of Covid-19 restrictions.

 

According to the Africa Report 2022 / 2023 by Knight Frank which analyses
trends across the region: “In the industrial sector, demand remains strong
but is largely unfulfilled due to limited supply. There have been no
significant warehouse completions recently and most new developments are
owner-occupied.

 

“The positivity in the sector is to an extent continuing to be tempered by
power outages, low capitalisation, poor water supply and deteriorating
infrastructure.”-herald

 

 

Namibia: Sampofu Wants Plans for One-Stop Border Post Fast-Tracked

Zambezi regional governor Lawrence Sampofu has called for the fast-tracking
of plans to turn the Katima Mulilo border post into a one-stop border post
(OSBP), as well as for it to start operating on a 24-hour basis.

 

He made this call during his state of the region address at Katima Mulilo on
Thursday.

 

Sampofu said the slow progress on the extension of operational hours and the
establishment of an OSBP as a trade facilitation measure to mitigate
bottlenecks at Katima Mulilo border post is a challenge.

 

He said the Ngoma and Katima Mulilo borders, together with other legal
points of entry, recorded a total of 225 340 entries and 214 892 departures,
of which the majority was recorded at the Katima Mulilo border post.

 

 

"The Katima Mulilo border post is rated among the top revenue collectors in
the country, hence the greater need to revamp the border to an OSBP, as well
as transition to a 24-hour operation," he said.

 

Sampofu said seeing that the Ngoma and Katima Mulilo borders are situated at
the juncture of the Kavango-Zambezi Transfrontier Conservation Area
(KAZA-TFCA), the volume of cargo passing through them using the Walvis
Bay-Ndola-Lubumbashi Development Corridor has significantly and steadily
increased, overpowering the current border infrastructure.

 

"There was an increase in cargo volume handled through the Katima Mulilo and
Ngoma border posts during the year under review, compared to the 2021/22
financial year. The reopening of borders after Covid-19 resulted in an
increase in overall trade imports and exports and an increase in cargo
volume through the port of Walvis Bay, passing along the
Walvis-Bay-Ndola-Lubumbashi Development Corridor," he said.

 

 

Sampofu said the regional directorate received 463 asylum seekers from
countries such as the Democratic Republic of Congo, Rwanda, Burundi,
Cameroon, Malawi, Zimbabwe, Chad, Tanzania, Ethiopia, Mozambique and Uganda.

 

"They were all registered and transported to the Osire Refugee Settlement,"
he said.

 

RURAL INFRASTRUCTURE DEVELOPMENT

 

As far as bringing services closer to the people is concerned, Sampofu said
the construction of services at Kongola Settlement is ongoing at a cost of
more than million.

 

"The contractor is busy with the installation of two water reservoirs that
will provide water to the whole settlement, and progress of the works stood
at 86%.

 

 

"Meanwhile, at Ngoma, the construction of sewer service infrastructure was
completed at a cost ofmore than N$2 million. This is a sewer line meant to
connect all government institutions and other private entities," he said.

 

Sampofu said there is a lot of progress on the construction of service
infrastructure at Chinchimane.

 

"The next step will be the subdivision of plots within the settlement
boundaries," he said.

 

Regarding regional academic performance, Sampofu said during 2022,
performance in the Namibia Senior Secondary Certificate Ordinary Level and
Advanced Subsidiary Level slightly improved, as 466 (14,3%) pupils
qualified, compared to 375 (12,2%) in 2021.

 

"Regional performance requires major improvement in intermediate and senior
secondary grades," he said.

 

He then shifted to the conservancies, saying that 14 conservancies and one
association generated an amount of about N$37 million, compared to about
N$33 million in the previous year.

 

Sampofu said about N$12 million was paid out as benefits to community
members.

 

"Despite the above achievements, an amount of N$459 553,34 was unaccounted
for within other conservancies," he said.

 

Sibbinda constituency councillor Micky Lukaezi during discussions after the
state of the region address critiqued the regional budget allocation for
water and electricity, saying "it's peanuts", resulting in the community on
the ground to suffer.

 

"Especially in my constituency, where water is not found easily when
drilling boreholes, more funding is needed for exploration.

 

"Some of the boreholes have not been working since last year, and this has
been reported to the rural water supply division, but they cannot do much
due to budgetary constraints," he said.

 

-Namibian.

 

 

 

Norfolk Casino Back to Single-Phase Timeline Following City Confusion

The Norfolk casino development called HeadWaters Resort & Casino is said to
be back on track following some confusion regarding the property’s
construction timeline.

 

HeadWaters is a $500 million project that Norfolk voters authorized through
a local ballot referendum during the 2020 presidential election. The casino
pitch came from the Pamunkey Indian Tribe and billionaire gaming industry
veteran Jon Yarbrough.

 

Norfolk was one of five cities that Virginia lawmakers in 2020 designated as
potential commercial casino host locations. The gaming bill is designed to
help that handful of cities in turning around their poor economic
conditions.

 

Almost three years after Norfolk residents backed the HeadWaters plan with
65% support, little work has been done at the 13.5-acre construction site
adjacent to the city’s Harbor Park minor league baseball stadium. The latest
delays were blamed on confusion among city officials and the casino
developers regarding a proposed phased construction timeline for the resort.

 

The tribe and Yarbrough pulled their casino application from the city’s
Architectural Review Board last month. HeadWaters reps cited mixed messaging
from the Norfolk City Council in the decision to rescind the construction
approval request.

 

Sides Back in Unison

HeadWaters was initially to be a single-phase construction undertaking. But
in early July, the developers reworked the timeline to include two phases.

 

The first phase was to include a 90,000-square-foot building encompassing
the casino space, resort lobby, restaurant, sports bar, and parking
structure. The second phase was to include the 300-room hotel and
resort-style amenities such as a spa, additional restaurants, a rooftop
pool, and an events center.

 

Local officials pushed back against the timeline on the grounds that the
city’s host agreement with the developers didn’t specify the allowance of a
phased construction schedule. The Virginian-Pilot reports that the two sides
are back on the same page and are currently reworking a single-phase
construction plan.

 

While we acknowledge prior communication which contemplated a phased design
approval process, we have no such amendments to our agreements which would
allow for this,” Norfolk City Manager Patrick Roberts wrote the casino
development group in a July 14 letter. “Further, the city will not consider
amendments to our agreements that would risk the final project being
anything less than what was agreed upon in 2020.”

 

Officials from HeadWaters met with city leaders on July 25 to remedy the
misunderstanding. A joint statement was released following the discussions
that affirmed “both sides remain fully committed” to the 2020 casino plan
residents endorsed.

 

Rivers Benefits From HeadWaters Delays

Norfolk and Portsmouth are two of the five cities cleared for a casino in
the 2020 Virginia gaming bill. The two neighboring Hampton Roads cities are
separated by the Elizabeth River.

 

Portsmouth voters also approved of their casino project during the November
2020 election. The city’s casino developer, Rush Street Gaming, wasted no
time in building and opening its gaming property, Rivers Casino Portsmouth.

 

Rivers Portsmouth opened on Jan. 23, 2023. The casino has since been
marketing its operations and building its market share in the Hampton Roads
region.

 

Since its opening, Rivers Portsmouth’s 1,420 slot machines and 81 table
games have generated gross gaming revenue (GGR) of about $119.8 million.
Rivers’ best month to date was experienced in February, the casino’s first
full month in operation, when GGR exceeded $24.6 million.

 

Along with slots and tables, Rivers Casino Portsmouth features a BetRivers
Sportsbook. The casino doesn’t offer an on-site hotel or resort-style
amenities.

 

 

Don’t look down!- construction on SA’s R4bn tallest bridge in Africa resumes

The South African National Roads Agency (Sanral) has confirmed construction
of the tallest bridge on the continent, the Mtentu Bridge will resume this
week.

 

The R4.05 billion project in the Eastern Cape, which is part of Sanral’s N2
Wild Coast Road (N2WCR) programme, is designed to have a main span of 260
metres at a maximum height of around 223 metres.

 

Construction stalled after nearly a year of work, when a previous contract
was terminated amid protests in 2018. The development was awarded to the
China Communications Construction Company (CCCC) and MECSA Construction
joint venture (CCCC MECSA JV) in November last year.

 

Completion

Sanral said building the bridge is expected to take 50 months and should be
completed by the end of 2027.

 

“During the mobilisation period, Sanral engaged with stakeholders of both
the Northern and Southern banks of the Mtentu Bridge. Local stakeholders
have received news of the re-awarding of the contract with excitement and
look forward to work resuming following delays caused by the project
stoppage in October 2018,” Sanral Southern regional manager Mbulelo Peterson
said.

 

According to Sanral, the project will also provide employment opportunities
for locals as the project’s contract sets a local Contract Participation
Goal (CPG) of 4%, mandating a minimum spend of R141 million towards local
labour in wages and salaries.

 

“Approximately 1 800 full-time equivalent jobs will be produced during
construction.

 

“While numbers will vary during the contract, this equates to an average
approximate number of 360 jobs created per month over 50 months, of whom
about 300 will be for locals,” Peterson said.

 

Construction

Construction of the site offices is expected to start this week, whilst
several general labourers will undergo medicals and safety instructions and
start clearing the site.

 

The construction of boreholes will begin on 15 August, whilst the
installation of security measures and the relocation of affected households
will start on 1 September.

 

Sanral said the original tender for the Mtentu bridge has also been expanded
to allow for enhancements to existing roads, such as an upgrade to an 18km
provincial road linking the future Mkhambati Interchange on the N2 to the
town of Flagstaff.

 

 

Trade, Industry and Competition on constructing R500 Million Cement Grinding
Plant at Bojanala Special Economic Zone

Shosholoza Cements (Pty) Ltd (“Shosholoza”) will build, own and operate a
R500 million compact cement grinding plant in the Bojanala Special Economic
Zone (SEZ) in Mogwase, North-West producing cement products for sale to the
surrounding market up to a 300km radius.

 

The Bojanala SEZ is a project management unit under the North West
Development Corporation. The zone will be developed on 1 175 hectares
including the Bodirelo Industrial Park and will focus largely on mineral
beneficiation especially for platinum group metals, as well as
manufacturing, including mining capital equipment supply, agro-processing
and renewable energy.

 

Shosholoza is being advised by Alkebulan Ltd whose Executive Director, Ms
Sylma du Plessis, confirmed the R500 million investment is the pledge which
was made at the fifth South African Investment Conference that took place in
April this year. She says the investment includes the cost of the plant and
working capital.

 

“Given the high cost of transport in South Africa, the local market would
welcome a high quality and competitively priced cement producer. Shosholoza
hope to start construction as soon as the final funding is secured and
should be operational in about two years,” says Du Plessis.

 

“We have raised significant funds to date but are still looking for some
funding which is critical to secure in order to be successful.  One cannot
rush investors in their decision making and we are working extremely hard to
follow up and respond to due diligence enquiries and approach other
potential investors,” adds Du Plessis.

 

According to Mr Arshad Cassim, the Excutive Chairman of Shosholoza, even
though the company is a start-up, the plan is to create 75 long-term
employment opportunities.

 

“The new low carbon cement manufacturing technology will support the growing
building and construction market in the North-West where we have identified
a gap in the market.  Due to the close proximity to some mines, Shosholoza
Cements will also have access to some of the raw materials needed for
manufacturing,” he says.

 

In addition to the positive local economic impact of operating a cement
plant and selling cement products in the area, Mr Cassim says Shosholoza is
setting up a gender-based violence Non-Governmental Organisation (NGO) to
support vulnerable victims of such violence.  He says this will undoubtedly
support the community.

 

Alkebulan is an African-focused financial advisory and structuring
specialist in association with africapractice
(https://africapractice.com/(link is external)), and work primarily with
companies with African operations and indigenous businesses to develop
solutions that support the structuring and placement of equity, mezzanine
finance instruments or debt as well as providing strategic advisory
services.

 

 

Canada Construction Industry Report 2023: Commercial, Industrial,
Infrastructure, Energy and Utilities, Institutional and Residential Analysis
& Forecasts 2018-2027

(GLOBE NEWSWIRE) -- The "Canada Construction Market Size, Trend Analysis by
Sector (Commercial, Industrial, Infrastructure, Energy and Utilities,
Institutional and Residential) and Forecast, 2023-2027" report has been
added to ResearchAndMarkets.com's offering.

 

The Canadian construction industry faces challenges in 2023, with an
anticipated contraction of 5.2%. The decline is primarily driven by reduced
residential construction activity due to tightening monetary policies and a
weaker economic outlook.

 

As early as Q1 2023, evident weaknesses emerged in the residential and
institutional construction sectors, marked by year-on-year declines of 10.7%
in new residential construction investment and 6.4% in new institutional
construction investment.

 

However, the industry is expected to see growth between 2025 and 2027, with
an annual average rate of 2.7%, supported by advancements in the industrial,
energy, and transportation sectors.

 

However, increased investments in the manufacturing, transportation, and
energy sectors, in addition to regional and federal government investments,
will provide support for the overall construction industry, helping to
generate growth momentum later in the forecast period.

 

The Federal government released the first Budget Estimates for the financial
year 2023-24 in February 2023, totalling CAD432.9 billion ($335.9 billion)
in expenditures, including CAD198.2 billion ($153.8 billion) in budgetary
expenditures for operating and capital expenditures.

 

Last year, the province of Ontario unveiled its 30-year transit plan, which
will cost CAD84.7 billion ($65.7 billion) over the next ten years to develop
a transportation network focused on the construction of new highways, rail
corridors, and subway systems. A large portion of output over the forecast
period is expected to be supported by industrial projects.

 

The publisher estimates the project pipeline of metal and material
processing plants projects to be CAD122.7 billion ($95.2 billion) as of June
2023, followed by CAD59.2 billion ($45.9 billion) of chemical and
pharmaceutical plants projects, and CAD28.6 billion ($22.2 billion) in the
construction of manufacturing units, with completion scheduled between 2024
and 2030.

 

This report provides detailed market analysis, information and insights into
the Canadian construction industry, including:

 

The Canadian construction industry's growth prospects by market, project
type and construction activity

 

Critical insight into the impact of industry trends and issues, as well as
an analysis of key risks and opportunities in the Canadian construction
industry

 

Analysis of the mega-project pipeline, focusing on development stages and
participants, in addition to listings of major projects in the pipeline.

 

Scope

 

Historical (2018-2022) and forecast (2023-2027) valuations of the
construction industry in Canada, featuring details of key growth drivers.

 

Segmentation by sector (commercial, industrial, infrastructure, energy and
utilities, institutional and residential) and by sub-sector

 

Analysis of the mega-project pipeline, including breakdowns by development
stage across all sectors, and projected spending on projects in the existing
pipeline.

 

Listings of major projects, in addition to details of leading contractors
and consultants

 

 

Construction planning drops for fifth month on interest rates, lending
issues

The $400 million Kraft Heinz distribution center in DeKalb, Illinois, ranked
as one of the largest commercial projects to enter planning in July,
according to Dodge Construction Network. Courtesy of Kraft Heinz

Dive Brief:

The Dodge Momentum Index, a benchmark that measures nonresidential building
planning, dropped nearly 1% in July due to tighter lending standards and
higher interest rates, according to the Dodge Construction Network.

The commercial component ticked down 0.2%, while the institutional component
fell 1.9% in July, according to Dodge. But compared to the beginning of the
year, commercial planning fell 10%, whereas the institutional segment gained
16%.

“While both segments of the index fell this month, underlying project data
points to divergent trends in the nonresidential sector,” said Sarah Martin,
associate director of forecasting for Dodge Construction Network. “As we
progress through the remainder of 2023, weaker commercial activity,
resulting from tighter lending standards and higher interest rates, will
counter sturdier institutional activity, bolstered by public funding and
less sensitivity to interest rates.”

 

Dive Insight:

All commercial construction sectors, such as retail, warehouse and office,
either pulled back or remained flat over the month of July. On the
institutional side, education and healthcare projects also posted
significant decelerations in activity, according to Dodge. Other
subcategories within institutional include public building and dormitory
construction.

 

That means the index, which peaked in December 2022 and typically leads
actual construction spending by 12 months, has now shed gains for the fifth
straight month, according to Dodge. 

 

Meanwhile, architectural activity, which also provides a forward-looking
gauge for upcoming construction work, remained essentially unchanged,
according to the most recent data from the American Institute of Architects.
That report also pinpointed high interest rates as a critical culprit for
overall stagnancy in activity, according to the report.

 

A total of 15 projects valued at $100 million or more entered planning in
July, according to the Dodge report. The largest commercial projects
included:

 

The $400 million Kraft Heinz distribution center in DeKalb, Illinois.

The $190 million PTC warehouse and distribution facility in San Antonio,
Florida.

The largest institutional projects to enter the planning stages included:

 

The $240 million Lexington High School in Lexington, Massachusetts.

The $216 million courthouse improvement project in San Luis Obispo,
California.

The $200 million Solano Hall of Justice courthouse in Fairfield, California.

 

 

 

 

July's slowdown in residential construction hiring is a 'one-off,' expert
says

The residential construction sector is still running hot, even if the latest
numbers suggest a slowdown.

 

Jobs in the sector declined in July, falling by 5,500 jobs, or 5.5%, from
the month before, the Labor Department said on Friday. Overall, jobs in
construction gained by 19,000 in July, boosted by the non-residential
building construction adding 10,500 jobs and specialty trade contractors
gaining 11,200 jobs versus June.

 

The figures, though, are more likely a blip because the lack of inventory of
for-sale homes should continue to boost residential construction, according
to experts, as long as builders can hire enough people.

 

"It's weather-related and I'd want to see confirmation of this in a
follow-up report," ING Chief International Economist James Knightley said.
"I would need to see at least two to three months of weak construction jobs
numbers for me to be concerned. I think a one-off number given the weather
patterns we've been seeing, the disruption that it causes, we can take that
one."

 

Other data suggest continued building. Single-family housing projects
registered an increase of 2.1% in June, according to separate data from the
Commerce Department. There’s a sizable shortage of single-family homes for
sale, which in turn has pushed construction activity.

 

"There has been a rebound in home building throughout the spring, as the
existing-home market continues to remain severely undersupplied," Nick
Grandy, RSM US real estate senior analyst, wrote in a statement.

 

"As homebuilders continue to capture market share, the need for labor to
complete homes has grown. The June new-homes sales data showed that new
homes sold, for which construction has not started, rose to a one-year high
of 164,000 seasonally adjusted," Grandy added.

 

Jobs with residential specialty contractors also remained robust in July, up
13.3% over June, further highlighting how more homeowners are seeking
renovation projects for their current home instead of moving as mortgage
rates near 7%.

 

Read more: What the Fed rate hike means for mortgage rates and loans

 

"As existing homeowners remain rate-locked into their homes with no
financial incentive to move, they are likely to increasingly turn to
renovating their homes to suit their evolving needs," Ksenia Potapov, First
American economist, wrote following the release of the jobs report.

 

But construction's already-­tight worker woes aren’t going anywhere. The
construction industry had 374,000 job openings in June, down 5,000 from
May’s figures, or a 0.1% drop, according to data from the Bureau of Labor
Statistics released Tuesday.

 

Meanwhile, the number of quits also fell nationwide, with construction
seeing the largest decline: 51,000 fewer workers quit in June than in May.
And about 4.5% of construction jobs went unfilled in June, signaling the
struggles aren’t yet over.

 

"Some will focus on the fact that construction job openings declined in
June," said Anirban Basu, chief economist for Associated Builders and
Contractors, in a statement.

 

"But the real story is that, despite massive interest rate increases and
tighter credit conditions facing developers and others that purchase
construction services, the number of unfilled jobs remains so elevated by
historical standards," Basu wrote.

 

"With a plurality of contractors indicating that they intend to increase
staffing levels over the next six months, according to ABC’s Construction
Confidence Index, many will continue to report that their leading challenge
is the retention and recruitment of highly trained construction
craftspeople," Basu added.

 

 

Construction to begin on Boulder’s modular home factory

Construction is set to begin this month on a 31,375-square-foot modular home
factory in Boulder that is expected to provide climate-friendly affordable
housing.

 

Boulder has partnered with the Boulder Valley School District and Flatirons
Habitat for Humanity to create the factory on a 48-acre plot of land at 6500
Arapahoe Road.

 

The city was awarded $4.3 million total from the Colorado Department of
Local Affairs, the Colorado Health Foundation and the Transportation and
Housing and Urban Development appropriations bill supported by Sens. Michael
Bennet and John Hickenlooper. BVSD supplied the land for the project, and
Flatirons Habitat for Humanity will manage and staff the facility.

 

According to a news release, the factory will eventually be able to produce
up to 50 modular homes every year, but in its first few years, it will
likely build about 12 to 15 homes annually. The homes will be all-electric,
solar powered and made with repurposed salvaged steel from the Alpine-Balsam
project.

 

Up to 73 homes produced in the factory’s first few years are slated to be
used in redeveloping the Ponderosa Mobile Home Park in North Boulder.

 

The new factory will also provide a hands-on learning opportunity for
students from the Technical Education Center construction program.

 

“We are excited about this partnership and the opportunity it will provide
for students to gain valuable construction skills and authentic, real-world
experience building homes that will make a difference in the lives of people
in their local community,” BVSD Superintendent Rob Anderson stated in the
release.

 

Added Susan Lythgoe Vasquez, executive director of Flatirons Habitat for
Humanity, “Flatirons Habitat is excited to partner in this project to build
high-quality, energy-efficient homes for the Ponderosa community. The
efficiencies brought by modular construction will enable us to bring more
homes to the Ponderosa community more quickly and with less disruption than
if we were to build traditionally.”

 

 

Boulder City Council unanimously voted to annex the land for the project in
December 2022. Mayor Aaron Brockett called the project “incredibly
important.”

 

The city news release stated that modular homes “provide many benefits
including the ability to produce more homes in less time, at lower cost,
with minimized community disruption and with less material waste.” Homes
produced at the factory are expected to be “high quality and highly
efficient” and will be made permanently affordable for low, moderate and
middle income households.

 

However, Boulder has consulted with the Arapaho Nation since the project
site is adjacent to the Sombrero Marsh open space and habitat conservation
area.

 

The plans for the factory have also not been popular with some residents
near the area where the factory will be built. Residents David Hsu and
Harald Cassidy filed a lawsuit in February against the city, city council
and BVSD claiming that the “public” zoning for the property doesn’t allow
manufacturing uses on the land.

 

Some neighbors have also expressed concern about noise and traffic, and
Boulder and BVSD have agreed to restrict the facility’s operating hours to 8
a.m. to 4 p.m. Tuesday through Saturday. City officials previously said
construction would take place from 7 a.m. to 6 p.m. Monday through Friday.

 

Currently, construction on the factory is scheduled to finish in early 2024.
More information on the project is available at bit.ly/3qlko50.

 

 

Harris to announce new wage rule for construction projects

Vice President Kamala Harris heads to Philadelphia on Tuesday to announce a
new Labor Department rule that the Biden administration says will strengthen
wages for construction trades workers across the country.

 

In addition to delivering remarks to union construction workers and union
leaders, the vice president is scheduled to visit the site of a project at
the I-95 interchange with the Betsy Ross Bridge, one of several spans
crossing the Delaware River.

 

The final rule that Harris and acting Labor Secretary Julie Su will announce
would reset the definition of prevailing wages under the federal law known
as the Davis-Bacon Act, which sets standards for payments to construction
workers on federally backed projects. The new rule would tie wages to “the
wage paid to at least 30% of workers,” according to a fact sheet provided
ahead of the official announcement.

 

The current standard for prevailing wages, set during the Reagan
administration, is 50 percent, and the new rule is sure to face legal
challenges.

 

A senior administration official said the law is designed to provide
“safeguards against the possibility that the federal government’s extensive
construction contracting activity — that we don’t have the unintended
consequence of depressing workers’ wages.”

 

The official said the rule also would expand prevailing-wage authorities to
energy infrastructure, and it would allow state and local determinations to
be used for setting federal rates when criteria are met by the local
provisions.

 

“We haven’t looked at this regulation in an in-depth way in more than 40
years, and we all know that the construction industry 
 is really continuing
to be such a vital part of our economy and our communities,” the official
said previewing the announcement. “And we wanted to make sure that the
regulations of the Davis-Bacon Act reflected the needs of that vital
industry.”

 

Tuesday’s visit to Pennsylvania is just the latest of many for Harris and
President Joe Biden, with the Keystone State playing a key role politically,
as do the unionized construction workers that the vice president will
address.

 

“Prior to the new rule, if the majority of workers in a given trade and
locality did not earn a single wage rate, then the prevailing wage was
determined by the average wage in a given trade in a locality. This average
can pull down the prevailing wage if some employers pay very little,” the
fact sheet said.

 

 

 

 

 

 

 

 


 


 


Invest Wisely!

Bulls n Bears 

 

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> bulls at bullszimbabwe.com  

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Skype:         Bulls.Bears 



 

 

 


 

INVESTORS DIARY 2023

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

Heroes’ Day

 

Aug 14

 


 

Defence Forces Day

 

Aug 15

 


Padenga

EGM

Royal Harare Golf Club

August 16 – (10am)

 


Border Timbers

EGM

4 – 12 Paisley Road, Southerton, Harare, or virtually
:https://escrowagm.com/eagmZim/Login.aspx” 

August 18 – (10am)

 


zIMBABWE

 

2023 harmonised elections

August 23

 


Companies under Cautionary

 

 

 


 

 

 

 


CBZH

GetBucks

EcoCash

 


Padenga

Econet

RTG

 


Fidelity

TSL

FMHL

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy or
subscribe for any securities. The information contained in this report has
been compiled from s believed to be reliable, but no representation or
warranty is made or guarantee given as to its accuracy or completeness. All
opinions expressed and recommendations made are subject to change without
notice. Securities or financial instruments mentioned herein may not be
suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls ‘n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and d from third parties.

 


 

 


(c) 2023 Web: <http://www.bullszimbabwe.com>  www.bullszimbabwe.com Email:
<mailto:info at bulls.co.zw> bulls at bullszimbabwe.com Tel: +263 4 2927658 Cell:
+263 77 344 1674

 


 

 

 

 

 

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