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As group reports increase in public sector projects but further losses in Australia. 00:01
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The Department of Rural Development and Land Reformâs new offices will be situated in the Pretoria CBD. Image: Waldo Swiegers, Bloomberg
JSE-listed construction and engineering group WBHO has been awarded a R1.88 billion public-private partnership (PPP) contract to build new office accommodation for the Department of Rural Development and Land Reform.
It is to be developed on the site of the old Berea Park cricket and soccer grounds at the southern entrance to Pretoriaâs central business district.
WBHO said public sector infrastructure spending has been fast-tracked, with many shovel-ready projects accelerated across all of the groupâs operations.
State infrastructure work is starting to roll in, says WBHO CEO Wolfgang Neff says there is also a lot of tender activity in the mining sector as well as for renewable projects BL PREMIUM 03 March 2021 - 05:10 Alistair Anderson
Wilson Bayly Holmes Ovcon (WBHO), one of a handful of construction companies still listed on the JSE, says its long wait for large building projects in SA looks to be over as it gave an optimistic 2021 outlook.
“It has taken time but we are finally seeing a turnaround in the availability of infrastructure work. We have seen a marked improvement in roads and civil work,” CEO Wolfgang Neff said.
WBHO will be a smaller business if its Probuild is sold, but lessons learnt in Australia would be applied to grow the two UK businesses, chairperson Louwtjie Nel said in their 2020 Integrated Report. Picture: Simphiwe Mbokazi/African News Agency/ANA
WBHO may benefit from infrastructure deals in three continents
By Edward West
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CAPE TOWN - WILSON Bayly Holmes-Ovcon (WBHO) will be a smaller business if its Australian building company Probuild is sold, but lessons learnt in Australia would be applied to grow the two UK businesses, chairperson Louwtjie Nel said in their 2020 Integrated Report.
WBHO tried to sell Probuild to an international construction and engineering suitor which it did not name, but the deal failed last week due to regulatory hurdles in Australia. WBHO had considered the offer to purchase due to the increasing size and complexity of Probuild, the losses being made in Australia and the depreciating rand exchange rate.