Breaking News
PROPERTY DEVELOPMENTS
Sasol to start construction on giant Sandton offices
The Sasol Pension Fund, in a 50:50 partnership with developers Alchemy Properties, will, this month, start construction on a ten-storey, 67 000 m2 office building at 2 Katherine Street, in Sandton. Once completed in the second half of 2016, it...
By: Natalie Greve
21 May 13
US-AFRICA RELATIONS
Obama to make first trip to SA, seeks stronger ties with Africa
President Barack Obama’s visit to South African shores – the first US Presidential visit to South Africa in a decade – would be a “moment of promise” as the leader aimed to make good on a stated aim of strengthening ties with the African...
By: Natasha Odendaal
21 May 13
trade
Africa offers opportunity for north, south to work together – Zuma
In developing Africa, countries from the north and the south have the unique opportunity to work together to change the lives of millions of Africans, President Jacob Zuma said today. Briefing the media in Tuynhuys during a visit by Canada’s...
21 May 13
PROPERTY
Growthpoint announces R2.5bn capital raising
JSE-listed Growthpoint said on Tuesday that it would embark on a R2.5-billion capital raising to fund its pipeline of potential acquisitions and estimated R1.2-billion in development opportunities. The property group, which would issue new linked...
By: Natasha Odendaal
21 May 13
LABOUR
Gordhan warns of unrest cross-roads
South Africa is at a cross-roads over renewed labour unrest in the mining sector, Finance Minister Pravin Gordhan warned on Tuesday.
Introducing debate on his budget vote in the National Assembly, Gordhan said something needed to be done or the...
By: Sapa
21 May 13
STEEL
Turkish steel manufacturers to visit SA
The Turkish Steel Exporters’ Association (CIB) on Tuesday said it would bring a high-level delegation of prominent steel manufacturers and exporters to South Africa to explore areas of cooperation and new business prospects with local companies....
21 May 13
WATER
DWA to roll out R4.3bn interim water supply programme
The Department of Water Affairs (DWA) will start rolling out the new interim water supply programme (IWSP), aimed at addressing the backlogs of municipal water-related service delivery, in July, Water and Environmental Affairs Minister Edna Molewa...
By: Natalie Greve
21 May 13
GREEN BUILDING
Numsa’s eco-friendly JHB regional offices to be completed by July
The R15.5-million refurbishment and transformation of the National Union of Metalworkers of South Africa’s (Numsa’s) regional office, in central Johannesburg, into the first eco-friendly union office in Gauteng, would be complete in July,...
21 May 13
RAIL INFRASTRUCTURE
Transnet moves on plan to build heavy-haul manganese corridor to Coega
A R2.3-billion project to upgrade the railways network from the manganese-rich Northern Cape province to the Port of Ngqura, in the Eastern Cape, has been approved, Transnet Freight Rail (TFR) CEO Siyabonga Gama revealed on Tuesday.
Speaking at a...
By: Terence Creamer
21 May 13
BROADBAND
DoC to table final broadband policy next month
The Department of Communications (DoC) on Tuesday said it would table its revised National Broadband Policy for South Africa with Cabinet during June. Delivering her Budget Vote speech, in Cape Town, Communications Minister Dina Pule said the DoC...
By: Natasha Odendaal
21 May 13
ELECTRICITY
NamPower in talks with Zambia's CEC on Kudu plant stake
Namibian power utility NamPower is close to reaching a deal with Zambia's Copperbelt Energy Corporation (CEC) to take a 30% equity stake in its much-delayed Kudu gas-to-power project, MD Paulus Shilamba said on Tuesday. As part of the deal, which...
By: Reuters
21 May 13
E-TOLLS
Sanral interdicted over W Cape tolls
The City of Cape Town was granted an interim interdict on Tuesday halting the proposed N1/N2 Winelands Toll Highway Project in the Western Cape. Western Cape High Court Judge Ashley Binns-Ward ordered that interim relief be granted pending the...
By: Sapa
21 May 13
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