20th Anniversary of the Power Group
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- NEW HOME LOAN SCHEME
6 NOVEMBER 2002POWER GROUP GROWTHS FROM STRENGTH TO STRENGTH On 16 October 2002, the Power Group held its annual cocktail function at the Durbanville Racecourse. Graham Power, the Executive Chairman of the Group thanked the company’s clients, representatives of local Authorities, the community and the staff members of Power for their continuous support that enables the Power Group to keep its promise of top quality service delivery. Graham Power formed the company in 1983, and next year will see the 20th anniversary of the Power Group, which today employs more than 1700 people. The company spans the Western, Southern and Eastern Cape. Civil engineering arms include Power Construction (West), based in Cape Town; Power Construction (East), operating from Port Elizabeth; and Power Construction (South), with offices in Knysna. Power Roads, another company in the Group, operates throughout the country on major road projects. 2002 was another good year for the Power Group, during which many milestones were achieved such as Power Construction’s completion of construction at Pearl Valley Signature Golf Estate, as well as services to 6 500 erven at Delft, six weeks ahead of schedule. The company’s new roadworks units handed over two completed projects to SANRAL in Bontebok and Zouthfontein on the N1, and have concluded new contracts in Butterworth, Richmond and Florence (Du Toit’s Kloof tunnel). The training and development of people is top priority and Power Construction has awarded 12 bursaries in the past year and sent eight students to the Technikon to further their studies.During the past year, Power Developments received the coveted Best Established Developer in South Africa Award in recognition of its contribution to the mass delivery of houses to the poor, during which thousands of jobs were created. This division of the Power Group is currently engaged in new initiatives totalling R120 million contracts in the Eastern Cape, the R117m project in Delft, and on the top end of the scale, the development of Thesen Islands in the Knysna Lagoon, one of the most sought-after residential development in the country. The Power Group also has a 49% shareholding in emerging companies Hughmic Construction in the Western Cape, and Sibakhulu Construction in the Eastern Cape. Hughmic Construction is celebrating its 5th anniversary this year. Its successes include civil works at the Port of Saldanha for Portnet, a large portion of the services at the Ratanga Junction Theme Park, all civil works at Boschenmeer Golf and Country Estate in the Paarl Franschhoek valley, and a 25% partnership with Power Developments at Delft. Port Elizabeth based Sibakhulu Construction, launched in 1999 was recently awarded R155m worth of work in the Eastern Cape, which includes major portions of the Coega Harbour project. Coega is expected to boost the Eastern Cape economy and impact positively on the construction industry in the province. 2001 NEW AFFODDABLE HOME OWNERSHIP SCHEME FOR WORKING FAMILIES The Oostenberg Housing Association has started work on their 1 154 home Highbury Development. The new village is designed for families who cannot access normal bond finance but have stable incomes of between R1 750 and R3 500 per month. Using the Provincial Housing Development Board’s Institutional Subsidy Scheme, together with loan finance and employer assistance, families can achieve phased ownership over a four-year period. Oostenberg Housing Association is a joint venture between the Government, Power Developments, Greenstart Finance and Sithembe South Projects. The Association will continue to own the property and guarantee the payment of rates and taxes for the first four years, after which the resident owner takes transfer of the property. Only at this point will the government subsidy be allocated to resident owners, which turns “instalment sales” into a unique educational tool that will greatly assist resident owners with the management of their financial and home ownership responsibilities. Graham Power, Executive Chairman of the Power Group said that the Highbury project reinforces the company’s position as the leader in affordable housing development in the province. NEW HOME LOAN SCHEMEFinance is not widely available for the purchase of homes between R20 000 and R120 000. As a result, people who can afford to repay a housing loan are not able to access one, hence cannot buy a starter home, be it a new house in a subsidised project, or an existing house. Greenstart Home Loans (Pty) Ltd. assisted by the state-owned National Housing Finance Corporation Ltd (NHFC) was established to facilitate the provision of home loans for affordable housing. Mr Nick Tremaine, Managing Director of Greenstart Home Loans said that their prime objective was the provision of financial assistance to individuals in the lower to moderate-income group, enabling this sector of the community to acquire residential properties in the form of individual title or sectional title. Greenstart’s market is defined as formally employed lower income employees who have the definite need, ability to pay and sincerely require to become home owners, but who do not have sufficient collateral or security to qualify for traditional mortgage loans, or may have a compromised credit history which is restricting their access to said products. The project will be marketed by Sithembe South Projects, who will also manage the construction as well as four-year ownership transition period. “This is a real opportunity for families with moderate incomes to move into a fully landscaped, secure and managed environment” said Mr Fonny Meyeridricks of Sithembe South Projects. “Although final transfer only occurs after four years, buyers enjoy many benefits of ownership from day one.” The project is situated near the R300 highway, on the corner of the Stellenbosch Arterial road and the Nooiensfontein road. Work is well under way and the show houses will be handed over to the Association by Power Developments on 11 June. Details of the home ownership scheme can be obtained from Greenstart Home Loans on telephone no. (021) 910 3222 May 2001 Thesen Islands Development – Here comes the water! The opening of the Phase 1A waterways to the lagoon on the Thesen Islands Development took place on Monday, coinciding with a visit from the Premier of the Western Cape, Cabenet Minister and senior officials. This long awaited event took place at low tide when the earthen wall separating the waterways fro the lagoon was carefully removed. To slow down the flow of the water into the waterways, water was pumped into the waterways to equalise the flow of the water into the waterways, prior to the removing of the wall. The incoming tide then slowly flled the waterways for the first time, witnessed by an excited group of workers. The whole process took place under the watchful eye of Pieter Badenhorst, the Environmental Control Officer, who is tasked with ensuring that the redevelopment takes place within the guidelines laid down by the Department of Environmental Affairs. The tidal flow around the islands promises excellent natural circulation. The CSIR (Council for Scientific and Industrual Research) have used a state of the art modeling system developed by the Danish Hydraulic Institute to assist with the design and layout of the waterways. With a team of 240 local workers, the construction of the waterways proceeded quickly. Seventy meters of the natural stone packed gabions waterway sides were completed daily. The top edges of the gabions, above the intertidal zone, are planted with indigenous groundcovers. The sides will be planted with intertidal plants from the onsite nursery. The bottom of the thee waterway is the existing fine white sand. The average water depth of the waterway is 1.6 metres. Waterfront properties have private timber jetties, with stairs down to the water and low intensity lights. The first phase of the re-development, now 80% sold out, is scheduled for transfer in mid June. The second phase, already 50% sold out, will be complete in November 2001. To date, 177 stands have been sold. A number of owners are planning to start building their homes immediately. Many of them will be spending Christmas 2001 on Thesen Islands. September 2001 Thesen Islands Estate, Knysna On 31 May 2001 Power Construction completed Phase 1 of the prestigious Thesen Islands development in Knysna. Power Construction is contracted to execute the civil engineering of the entire project and is responsible for the construction of the waterways, roads, bridges, sidewalks, water- and sewer systems. During Phase 1 approximately 232 000 cubic metres of sand was excavated to form the canals with the bulk of the material used as fill to raise the level of erven on the islands. Another 83 000 cubic metres of soil was stockpiled and will be utelised as topsoil for erven or the parkland. The greater portion of the 6800 metre canal embankment construction consists of a reno mattress/garbion combination while a smaller section is protected by timber pole barriers. Thesen Islands is the largest marina development in South Africa and is said to offer the most desirable real estate in the country. The development consists of a five phase project of 600 residential stands and approximately 23 000m² commercial property. To date, sales have exceeded the R115 million mark, with phases 1 and 2 almost completely sold out and transfer of the first 150 stands has commenced. With over nine years in the planning, the development is South Africa’s most thoroughly researched and planned residential project. Attention is paid to detail such as architectural guidelines to keep all construction within the Colonial Maritime style, and extensive environmental studies were conducted to ensure that the development will exist in harmony with the Knysna Estuary environment. Thesen Islands is a private estate of 90 hectares spreading across 19 islands in the Knysna Lagoon. Eighteen of the islands are residential, surrounded by tidal waterways and linked by bridges. The 19th island located in the historical heart of the old timber factory area and will offer a lively mix of shops, pubs and restaurants. Power Developments and WesCape have a larger than 50% shareholding in the development. Other members of the development team including Chris Mulder and Gray Rutherford who played major roles at Belvidere Estate, one of Knysna’s most successful property developments to date; Arcus Gibb; the Fisch Group; and T&B Construction, Knysna’s largest timber building company. Thesen Islands will feature superb security, a pedestrian-friendly lay-out, private waterfronts and jetties, a sports club and beaches, and an eleven hectare Parkland and Bird Reserve with spectacular views of Knysna’s green forests and rolling hills. OKTOBER 2001 MAATSKAPPY KRY TOEKENNING VIR BEKOSTIGBARE BEHUISING Die Instituut vir Behuising van Suid-Afrika (IHSA) het onlangs die gesogte “Ontwikkelaar van die Wes-Kaap” toekenning aan Power Developments oorhandig as erkenning van die maatskappy se status as leier op die gebied van bekostigbare-behuising in die provinsie. Mnr CB Herandien, die Minister van Behuising vir die Wes-Kaap het by die oorhandigingsfunksie hulde gebring aan die ontvangers van die Instituut vir Behuising se Toekennings en die rolspelers bedank vir hul bydrae tot die voorsiening in die vraag na behuising in die Wes-Kaap. Hy het ook die Instituut vir Behuising geluk gewens met hul jubileum jaar en sy waardering uitgespreek vir 60 jaar se toewyding tot behuising. Graham Power, die Voorsitter van die Power Groep het gesê dat dit ‘n eer vir Power Developments is om hierdie invloedryke toekenning te ontvang. “Ek wil graag die Instituut vir Behuising bedank vir hierdie wonderlike bekroning, en graag ons waardering uitspreek aan die plaaslike Owerhede en die gemeenskappe waarbinne ons werk – u voortdurende ondersteuning stel ons in staat om ons beloftes van top kwaliteit dienslewering na te kom. Dan wil ek ook graag die geleentheid gebruik om hierdie toekenning op te dra aan die personeel van Power Developments. Hartlik dank aan elkeen van u wat hierdie toekenning vir ons maatskappy verwerf het deur u harde werk en toewyding tot die Power Ways, die wyse waarop ons besigheid doen”, het hy afgesluit. Eiendomsontwikkelaars verskaf wye reeks dienste aan gemeenskap Power Developments is die eindomsontwikkelingsdivisie van die Power Groep, ‘n dinamiese konglomeraat wat ‘n wye reeks dienste verskaf: siviele ingenieurswese, teerbedekking , vervaardiging en ontwikkeling van woongebiede. Power Developments inisieer en bestuur multi-miljoen Rand “turnkey” ontwikkelingsprojekte – die ontwikkeling en bou van residensiële, industriële en kommersiële eiendomme binne ‘n omvattende projek portefeulje wat die volle spektrum dek: van bekostigbare- behuisingsprojekte, tot Thesen Islands in Knysna, die land se voorste residensiële ontwikkeling. Die maatskappy spesialiseer in:
Power Developments is die voorste ontwikkelaar van bekostigbare-behuising in die provinsie en het tot op hede behuising aan meer as 15 000 gesinne, en werksgeleenthede aan meer as 9 000 mense verskaf. Stefan Bothma, die Besturende Direkteur van Power Developments sê dat die maatskappy toegewyd is tot die verbetering van die kwaliteit van lewe van almal in Suid-Afrika, deur voormalige plakkerskampe in model behuisingsprojekte vir lae-inkomste groepe te omskep. “Power Developments is ‘n baanbreker in die soeke na verbeterde oplossings vir die nasionale behuisingsnood”, het hy gesê. In terme van Regeringsubsidies en verbruikersfinansiering, bied Power Developments bekostigbare-behuisingsoplossings vir die totale spektrum en inkomstegroepe.
Highbury Institusionele Projek. Power Developments is die eerste ontwikkelaar in die Wes-Kaap wat die behuisingsbehoeftes van hierdie sektor suksesvol aanspreek en innoverende finansiële pakkette en privaat sektor finansiering beskikbaar maak as aanvulling tot Regeringsubsidies. Highbury Park in Kuilsriver is een van die eerste Regeringgesubsidieerde Institusionele Behusingsprojekte in die Wes-Kaap. Dit sal hoë digtheid deeltitel huise in ‘n gelandskapeerde sekuriteitsomgewing aan 1165 gesinne verskaf, met werkskepping vir 600 mense. Huise sal verkoop word tussen R56000 en R82000.
Power Developments en hul bekostigbare-behuisingontwikkelings het dus ‘n positiewe impak op gemeenskappe. Dit sluit in werkskepping deur die indiensneming van plaaslike arbeid en deurlopende opleidingsprogramme wat op die langtermyn, lank na die voltooing van ‘n projek, vaardighede in die gemeenskap agterlaat. INSTITUUT VIR BEHUISING VAN
SUID-AFRIKA ------------------------------------------------------------------------------------------------------- 2001
toegeken aan POWER DEVELOPMENTS “Ter erkenning van hul toegewydheid en leierskap in die bekostigbare-behuisingsveld in die Wes-Kaap. Power Developments het op ‘n groot skaal presteer en op ‘n deurlopende basis ‘n goeie standaard van behuising en dienste aan gesinne in die laer inkomste groep verskaf. Hulle het verskeie werksgeleenthede geskep deur die indiensneming van plaaslike arbeid en die nalaat van vaardighede deur die implementering van opleidingsprogramme, waardeur die gemeenskap bemagtig is.” John Hopkins, Voorsitter van die Wes-Kaapse tak van die Instituut vir Behuising van Suid-Afrika. October 2001 Top property developer scoops up prestigious award The Institute for Housing South Africa (IHSA) recently presented the coveted Developer of the Western Cape award to Power Developments of its status as a leader in providing affordable housing in the province. At the awards ceremony the Minsiter of Housing for the Western Cape, Mr Cecil Herandien paid tribute to the recipients of the Institute for Housing awards and thanked the roledplayers for their contraibution towards meeting the housing needs in the Western Cape. He also congratulated the Institute of Housing on celebrating its jubilee year and expressed appreciation for its 60 years of dedication and commitment to housing. Graham Power, chairman of the Power Group said that Power Developments is honoured to be the recipient of this prestigious award. “I’d like to thank the Institute of Housing for this wonderful accolade and express my appreciation to the local authorities an the communities in which we work. Your continued support enables us to keep our promises of delivering top quality service. “I would also like to dedicate this award to the staff of Power Developments. A warm word of thanks to each of you who earned this prestigious award through your hard work and commitment.” Power Developments initiates and manages multi-million rand turnkey developments, developing and building residential, industrial and commercial properties within a wide-ranging portfolio across the full spectrum. Power Developments specializes in: Residential developments: Affordable and institutional housing High-income residential developments: High income housing such as Thesen Islands – a 90-hectare marine development spead over 19 islands which consists of 600 residential stands and 23 000m2 of commercial property. Industrial, commercial, retail and office developments on behalf of clients or Power Group’s own investments: Investments such as Saxenburg Park – a R45 million, upmarket industrial development in Blackheath. High-specification buildings: The trauma unit at Louis Leipolt Hospital and a R20million contract to refurbish five Medi-Clinics in SA.
Power Developments has emerged as a leading developer of affordable housing in the province and has been instrumental in not only providing housing for more than 15 000 families, but also creating job opportunities for more than 9000 people. Managing director of Power Developments Stefan Bothma says the company is committed to improving the quality of life for all in South Africa by transforming erstwhile aquatter settlements into model housing developments for low-income groups. “Power Developments has led the way in a quest for improved solutions to the national housing need. It has adopted an innovative, cost-effective approach to the use of alternative materials and pleasing designs,” he says. The company believes that the government’s housing subsidy scheme is a once-in-a-lifetime gift to individuals and it believes in maximizing the subsidy according to the varied needs of the community. It therefore involved the community, Local Authority and the professional team in the entire planning process. Housing solutions offered by Power Developments include: A Government subsidy only for income groups of between R0 to R2000 a month, as well as micro loans in some cases. This gives prospective buyers the opportunity to invest in the Bloekombos and Du Noon projects. Institutional housing for income groups of beween R2000 and R3500 giving prospective buyers the opportunity to invest in the Highbury institutional project. Power Developents was the first company in the Western Cape to be granted an institutional housing project. Traditional bond financing for income groups form R3000 a month giving prospective buyers an opportunity to invest in the Highbury Park and Blueberry Hill projects. Power Developments sets out to effectively promote the positive impact of affordable housing developments on local communities. This includes empowerments through job creation by employing a local labour force and downloading skills through the implementation of various top quality training programmes. This process ultimately gives something constructive back to the community which remains long after the completion of the project. 6 NOVEMBER 2001 POWER GROUP EXCELS The Power Group held its annual cocktail party on 18 October 2001 at the Durbanville Racecourse. The Power Group is a dynamic conglomerate providing a comprehensive range of civil engineering, blacktop paving, manufacturing and township development services. Graham Power, the CEO thanked the company’s clients, representatives of local Authorities and the community for its continuous support which enables the Power Group to keep its promise of top quality service delivery. He also thanked the Group’s 1700 staff members for their commitment and said that the company is very proud of the family-culture within the Power Group. “We are very fortunate that we have never needed to retrench staff in our 19 years’ existence - even in the less favourable years. We are currently training and developing a new generation of leaders who will manage the company during the next decades, in line with our ‘Hundred Year Dream”, he said. He also congratulated Power Developments, the company’s property development division for winning the prestigious Institute for Housing South Africa (IHSA) “Developer of the Western Cape” award. According to John Hopkins, Chairman of the Western Cape branch of the Institute for Housing of South Africa, Power Developments received the award in recognition of their commitment and leadership in the field of affordable housing in the Western Cape. “On a large scale, Power Developments have excelled and consistently delivered housing and services of a good standard to families in the lower income group. They have created many employment opportunities by engaging local labour and downloading skills through the implementation of training programmes, thus empowering the community”, he said. Power Developments has emerged as the leading developer of affordable housing in the province and has been instrumental in not only providing housing for more than 15 000 families, but also creating job opportunities for more than 9 000 people. The company initiates and manages multi-million turnkey developments – developing and building residential, industrial and commercial properties within a wide-ranging portfolio across the full spectrum: from affordable housing projects, to Thesen Islands in Knysna, the country’s top residential development: Yüklə 1,04 Mb. Dostları ilə paylaş:
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