NEWS
2021
The Eskom, Camden Ash Dam project was issued to WBHO as a single phase with two packages, namely Phase 1A and Phase 1B. The works included the construction of an ash disposal dam, an ash water return dam and associated ancillary works. The project was necessitated by the existing ash dam reaching the end of its usable life span and the need for additional capacity was required for continued electricity generation. The project has surpassed 2 million LTI free hours. This represents no LTI’s since the project’s inception.
The Camden ash dam is a multi-disciplinary endeavour coalescing civil, mechanical and electrical elements to bring the project to fruition. The newly constructed ash dam facility has a combined phase 1 footprint of 63ha. WBHO has been engaged in construction works on the Camden project since 2017.
The scale of the project coupled with South Africa’s desperate need for electricity has put the Camden project in the spotlight. Given the above, WBHO was in the unique position to work jointly with the stakeholders to bring the project to fruition as a matter of national interest.
The intertwined nature of works has proven to be the biggest challenge by safely executing the works. Enforcing the understanding that safety is not a team by team ‘blinkered’ activity but rather a blanket that covers the entire site. The safety ethos has not only been to look beyond the actions of yourself and those immediately around you but to look out at the greater site and understand how you as an individual affect the safety dynamics of the site and how others do the same. This appreciation for the actions and counter actions of others as well as yourself has allowed all the participants on site to be more mindful of what and how they are conducting their activities, on site. Visible field leadership which demonstrates management’s commitment to safety as well as one on one engagements with the labour force to drive home the importance of safety first, were vital to a safe work culture. Putting in place safety protocols, monitoring them and ensuring they are adhered to have been the crowning achievement of the sites safety team and the larger project team as a whole.
The WBHO site team has implemented a number of safety initiatives that emphasise the commitment the project team has to safety, both on and off site. The 2 million LTI free hours has been a tremendous achievement and the commitment of all participants to a safe working culture is applauded and indicative of The WBHO Way.
Article By:
Gift Ragkosi
Assistant Site Agent
WBHO Construction has successfully completed a fast track 100 bed modular field hospital at the Cecilia Makiwane Hospital in East London. This Design and Construct project will provide additional critical care capacity to the already strained healthcare infrastructure currently fighting COVID-19. The 2 300sqm facility consists of 10 ICU beds and 90 specially equipped ward beds. The wards being spatially arranged, so as to best treat contagious diseases such as COVID-19.
WBHO broke ground on 11 January 2021 and handed over the completed facility to Siemens South Africa and the Solidarity Fund, in just under 12 weeks. The design was all about fast-track construction and incorporated a structural steel superstructure atop a raft foundation, with pre-manufactured insulated chromadeck wall panels. The modular solution can also be easily scaled to suit varying capacities and simplifies the construction process, thereby also making it suitable for remote locations.”
RETIREMENT OF CURRENT COMPANY SECRETARY AND APPOINTMENT OF A NEW COMPANY SECRETARY
Shareholders are advised that Shereen Vally-Kara will retire as company secretary of the Company, with effect from 31 March 2021 and Donna Msiska has been appointed company secretary of the Company with effect from 1 April 2021.
DIRECTORS DEALINGS – TRADING OF WBHO ORDINARY SHARES
Subsequent to the vesting of the 2017 allocation of Performance Shares, the following directors sold vested shares through on-market trades. The nature of all the trades are direct beneficial.
DIRECTORS DEALINGS – VESTING OF THE 2017 ALLOCATION OF THE WBHO SHARE PLAN
As was disclosed in the 2020 Integrated Report, the 2017 allocation of performance shares vested at approximately 150% of the allocation. These shares vested on 11 March 2021 and were transferred off-market to the affected executives. The interests in these transactions will be directly and beneficially held by the respective executives.
DEALING IN SECURITIES BY A PRESCRIBED OFFICER
In compliance with paragraphs 3.63 to 3.74 of the JSE Listing Requirements, WBHO hereby
announces the following transaction:
Name of prescribed officer: EA Mashishi
Date of transaction: 4 March 2021
Number of securities: 5 000
Price per share R 99.85
Total value of transaction: R 499 250.00
Class of shares: Ordinary shares
Nature and extent of interest: Sale of shares “on market” as a direct beneficiary
Download the full announcement
TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 31 DECEMBER 2020
Shareholders are referred to the Business Update and Trading Statement in respect of the six months ended 31 December 2020
which was released on SENS on 17 February 2021 and are now advised that when compared to the earnings per share (“EPS”) of
412 cents per share and headline earnings per share (“HEPS”) of 411 cents per share for the half year ended 31 December 2019,
the EPS and HEPS of the Company for the period ended 31 December 2020 are now expected to be lower by at least 92% and 80%
respectively, equating to 32 cents and 81 cents, respectively. The reason for the slight improvement is as a result of finalising the
tax charge for the period.
2017
In the six month period to 31 December 2016, WBHO has recognised the full value of the group’s socio-economic contribution arising from the Settlement Agreement signed with the Government of South Africa on 11 October 2016, along with the corresponding financial liability.
2015
CLIENT
Abland (Pty) Ltd
PROJECT ARCHITECT
Paragon Architects
LOCATION
Sandton, Johannesburg
PROJECT TYPE
Building Commercial
DESCRIPTION
Construction and completion of a 9 level basement structure and multiuse 7 level office block
with ancillary services and site works
CONTRACT PERIOD
June 2012 – September 2014
CONTRACT VALUE
ZAR 289 Million
CLIENT
Dipalopalo Concession (Pty) Ltd
ARCHITECT/ENGINEER
GLH Architects / Terra Ether JV
VALUE AT COMPLETION
ZAR 1.4 Billion
LOCATION
Pretoria, South Africa
PROJECT TYPE
Building Commercial
DESCRIPTION
New Head Office in Pretoria for the
Department of Statistics South Africa
CONTRACT PERIOD
April 2014 – June 2016
The directors of WBHO wish to advise shareholders of developments within the company in the second half of the financial year ending 30 June 2015.
CLIENT
SANRAL
ARCHITECT/ENGINEER
SMEC
VALUE AT COMPLETION
ZAR 143 Million
LOCATION
N1 Botlokwa Section 28 km 43,8 and km 45,7
PROJECT TYPE
Roads & Bridges
DESCRIPTION
The upgrading of the Matoks intersection on the N1 by constructing two new pedestrian bridge and the one main vehicle bridge , 1,9km service road B and upgrading of the N1 for 1,5 km.
CONTRACT PERIOD
July 2014 – May 2016
CLIENT
Johannesburg Development Agency
ARCHITECT/ENGINEER
Hatch/GOBA
VALUE AT COMPLETION
ZAR 85 Million
LOCATION
Sandton, Katherine Street
PROJECT TYPE
Roads & Bridges
DESCRIPTION
The Section 8 of the Rea Vaya BRT in Johannesburg, will service the proposed route between the Gautrain Station in the Sandton CBD and an inter-modal facility adjacent to Pretoria Main Road serving the Alexandra community.
CONTRACT PERIOD
May 2014 – June2015
CLIENT
eThekwini Transport Authority
ARCHITECT/ENGINEER
MCA Joint Venture
VALUE AT COMPLETION
R 293 mil (In JV with Thekwane, Oteo, Phakama, Ngosi Trading and Lakeshore)
LOCATION
Pinetown, KZN
PROJECT TYPE
Roads & Bridges
DESCRIPTION
Section 1 runs along Josiah Gumede road (old Main road), from Anderson road to Beviss road and consists of the dedicated ROW lanes for the new Integrated Rapid Public Transport Network, a total length of Section 1 is 1550m and is the main carriageway through Pinetown CBD.
Section 2 runs along Anderson road from Josiah Gumede road to Davidson road south and is 400m in total.
CONTRACT PERIOD
May 2014 – December 2015
CLIENT
Growthpoint Properties Ltd
ARCHITECT/ENGINEER
Elphick Proome Architects
VALUE AT COMPLETION
ZAR 81 Million
LOCATION
Umhlanga Ridge – KZN
PROJECT TYPE
Building
DESCRIPTION
Construction of the new Boulevard Office Development comprising approximately 5500m2 of Offices and 10,000m2 of structured parking and related external works
CONTRACT PERIOD
March 2015 – April 2016
CLIENT
eThekwini Transport Authority
ARCHITECT/ENGINEER
HHO
VALUE AT COMPLETION
ZAR 349 Million (In joint venture with Thekwane, Phakama, Ethos and Lakeshore)
LOCATION
Inanda, KZN
PROJECT TYPE
Building
DESCRIPTION
The portion of the ROW covered under this contract is approximate 3.6km long and extends from Bridge City to the proposed IRPTN Bus Depot, and continues from Malandela intersection MR577
CONTRACT PERIOD
April 2014 – January 2016
CLIENT
V&A WATERFRONT HOLDINGS (PTY) LTD
ARCHITECT/ENGINEER
MLC QUANTITY SURVEYORS
VALUE AT COMPLETION
ZAR 500 Million
LOCATION
V&A WATERFRONT, CAPE TOWN
PROJECT TYPE
Building
DESCRIPTION
The construction of 35000m2 of new office, gym &
residential space within the Clock Tower precinct of the V&A
Waterfront
CONTRACT PERIOD
March 2015 – September 2016
2014
BO 201406270038A
Business update in respect of Capital Africa Steel (Pty) Ltd
Wilson Bayly Holmes-Ovcon Limited
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISN: ZAE000009932
BUSINESS UPDATE IN RESPECT OF CAPITAL AFRICA STEEL (PTY) LTD
The Directors of Wilson Bayly Holmes-Ovcon Limited (WBHO) wish to advise shareholders of the effects of production constraints and adverse trading conditions on the value of non-current assets on the group’s balance sheet in respect of its construction materials segment and more specifically the pipe mill, Capital Star Steel S.A. (CSS) in Mozambique.
CSS is a subsidiary of Capital Africa Steel (Pty) Ltd (CAS), the company through which WBHO operates its construction materials businesses. As reported at 31 December 2013, the profitability of CSS was severely affected by various production stoppages which have continued into the second half of the year. CAS has provided CSS with working capital funding to the value of R120 million in support of two recovery plans. The required production outputs from these recovery plans have not been achieved.
Furthermore, aggressive competition in the international project pipe market has affected the future operations of CSS.
It is expected that the cumulative effects of the above will result in the economic value of the assets of CSS being materially less than their current carrying amount of R539 million, resulting in an impairment thereof.
The impairment will affect earnings per share however the headline earnings per share of the group will not be affected.
The above information has not been reviewed or reported on by the group`s auditors.
Johannesburg
27 June 2014
Sponsor: Investec Bank Limited
Husab Mine is situated in the Namib Naukluft National Park, 80km outside of Swakopmund, a coastal town of Namibia.
Scope of work included:
- Construction of terraces and laydown areas.
- Construction of access and service roads-50 km.
- Excavation of crusher decline and installation of lateral support.
- Construction of 8 ponds with capacity ranging from 26 000m3 to 63 000m3.
- Installation of the plant sewer reticulation- 7 600 m
- Installation of mine fencing – 65 km
- Total volume cut to fill – 1.457 million m3
Contract Duration: Nov 2012 – Aug 2014
Contract Value: NAD 300 million
Engineers: HPJV
Client: Swakop Uranium
Location: Namib Naukluft National Park, Namibia
WBHO has successfully completed Phase one which consisted of the realignment and rehabilitation of 25km of the N4 between Rustenburg and Swartruggens. Phase two consists of an additional 25km of the N4 just outside of Rustenburg. The project is being constructed while the existing N4, a major artery into Botswana, remains open to commuters. Construction is being conducted in half widths to minimize stop/go systems in combination with diverting traffic onto temporary traffic accommodation shoulders. The scope of work entails breaking up the existing pavement layers which are then recycled to form an insitu roadbed on which the layerworks for the new road are constructed.
Contract Duration: May 2013 – October 2014
Contract Value: R160 Million
Engineers: Jeffares & Green
Client: Bakwena Platinum Corridor Concessionaire (Pty) Ltd
Location: Rustenburg/Swartruggens
The 90 Grayston Drive building is a 21 level office block development with 11 parking levels, 1 atrium level and 9 office levels. It is a multi-functional building with 19 343m2 of office space and 946 parking bays.
Contract Duration: October 2012 – July 2014
Contract Value: ZAR 280 Million
Engineers: Grosskopff Lombart Huyberechts & Associates
Client: Redefine Properties
Location: Sandton, Johannesburg
This Link is a dual road with a median to allow a future rapid transport lane or rapid transport system to be placed between the two lanes. This road is 3.4 km long and will link the Dube Tradeport’s Tradezone area at King Shaka International Airport with the Watson Highway, which links Tongaat with the N2.
The scope of work included the construction of a proposed MRO or aircraft maintenance area. All the MRO cut (about 380,000m3) was used to create fill platforms for future expansion of Dube Tradeport. The bulk earthworks for the road was more than 820 000m3
Contract Duration: May 2012 – Oct 2014
Contract Value: ZAR 187 Million
Engineers: Virtual Consulting Engineers
Client: Dube Tradeport
Location: Watson Highway, Kzn
Lynnwood Bridge phase 3 is the third and final phase of the Lynnwood Bridge complex. There are five basement levels and office accommodation in two 5-storey tower blocks built off the podium
Contract Duration:
August 2012 – August 2014
Contract Value:
ZAR 30 Million
Engineers:
Aurecon
Client:
Lynnwood Bridge Office Park (Pty) Ltd
Location:
Lynnwood, Pretoria
WBHO (Zambia) Ltd was awarded the civil works for the new acid plant and gas cleaning plant for Mopani Copper Mines in Mufulira, which is a small town in the Copperbelt province situated 40km from Kitwe and 60km from Chingola.
The project commenced in November 2012 and was carried out over various phases, comprising some 11000m3 of concrete works in total.
Contract Duration: 16 Months
Contract Value: ZAR 110 Million
Engineers: SNC Lavalin Canada
Client: Mopani Copper Mines
Location: Mufulira, Zambia
The new Mall of Africa is the flagship retail development for Atterbury and is situated near the Allandale offramp from the N1 in the Waterfall Precinct. The scale of the retail project is unprecedented in Africa, and is the largest retail development in Africa done in a single phase. This project is being carried out in a JV with Group 5.
The gross building area of the project is nearly 500 000m2, the equivalent of 65 rugby pitches. There are over 7 500 parking bays, all structured parking.
The site handover was on the 9th September 2013, with the opening planned for Easter in April 2016
Contract Duration: 28 Months
Contract Value: ZAR 2.2 Billion
Engineers: Aurecon
Client: Atterbury
Location: Allandale, Waterfall Precinct.
The Menlyn Maine Central Square project comprises a 7 storey office block, a large retail section with all the major anchor tenants, including Pick & Pay, Spar and a Virgin Active, as well as a 5 storey hotel, all constructed on a super basement 3 levels deep with a total basement area of approximately 90,000 m2.
The project will aim to achieve a four star Greenstar rating making it part of the largest green precinct in Africa. The estimated contract value is R 950 million and construction will take place over a single phase spanning 30 months.
The project has kicked off with bulk earthworks, with an estimated total of 220 000 m3 of soil and rock to be removed.
The total estimated structural concrete on the project is in the region of 65,000 m3, peaking at about 1 350 m3 per week.
Contract Duration: Jan 2014 – Nov 2016
Contract Value: ZAR 950 Million
Engineers: WSP Consulting Engineers
Client: Menlyn Maine Investment Holdings (Pty) Ltd
Location: Menlyn, Pretoria
WBHO Pipelines has again won the Joop van Wamelen award of excellence for the active promotion, development and implementation of trenchless technology in South Africa. The award was presented at the annual general meeting of the South African Society for Trenchless Technology held in Johannesburg on the 18th of February 2014.
The winning project consisted of the installation of 18km of HDPE piping using trenchless methods and the award was made largely due to the fact that an alternative offer was submitted at tender stage to use trenchless technology and accepted by the client. The successful implementation of the project has convinced the client, Overstrand Municipality that trenchless construction is the preferred method of replacing old pipes. Subsequently WBHO Pipelines has been awarded the next stage of the project which commenced in April 2014. The award was previously won by Insitu Pipelines in 2011 for the Greenpoint Irrigation Pipelines and in 2012 for the Alexandra Sewer Rehabilitation Project
2012
WBO – Wilson Bayly Holmes – Ovcon Ltd – Trading statement
Wilson Bayly Holmes – Ovcon Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
Trading statement
The directors advise that the unaudited consolidated results for Wilson Bayly
Homes-Ovcon Limited for the six months ended 31 December 2011 will show a 7.5%
to 12.5% decline in earnings per share and a 17.5% to 22.5% decline in headline
earnings compared to the comparative period.
However, the forecast for the group`s net profit after tax for the six months
ended 31 December 2011 is anticipated to increase by 5% to 10% compared to the
six month period ended 30 June 2011.
The forecast has not been reviewed or reported on by the company`s auditors.
The release of the interim announcement of results for the six months ended 31
December 2011 is expected to be published on Monday, 20 February 2012.
By order of the board
Johannesburg
9 February 2012
Sponsor:
Investec Bank Limited
Date: 09/02/2012 07:30:01
Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
WBO – Wilson Bayly Holmes – Ovcon Ltd – Trading statement
Wilson Bayly Holmes – Ovcon Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO ISIN: ZAE000009932
Trading statement
Further to the trading statement released on Sens this morning the Directors
advise that headline earnings per share included in the published results for
the period ended 31 December 2010 had not been adjusted for the impairment of
the loan to associate. The impairment of loan to associate was only adjusted
for in the calculation of headline earnings per share included in the
audited, published results at 30 June 2011.
However the headline earnings per share for the period ending 31 December
2010 was adjusted for the impairment of loans to associate when calculating
the headline earnings per share for the period ended 31 December 2011, as
detailed in this morning`s trading statement.
Had the adjustment not been made, headline earnings per share would have
declined by 7.5% to 12,5% when compared to the comparative period.
The forecast has not been reviewed or reported on by the company`s auditors.
The release of the interim announcement of results for the six months ended
31 December 2011 is expected to be published on Monday, 20 February 2012.
By order of the board
Johannesburg
9 February 2012
Sponsor:
Investec Bank Limited
Date: 09/02/2012 12:05:02
Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.