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Sep 22, 2014
Updated 7 hours ago South African cement group PPC CEO and director Ketso Gordhan has resigned with immediate effect as a result of a “difference of opinion” with the board regarding board procedures for the approval of certain decisions.  Nonexecutive chairperson Bheki Sibiya would now...
Sep 22, 2014
Despite a decline in construction activity, confidence in the civil construction industry, as measured by the First National Bank (FNB) and Bureau for Economic Research (BER) civil confidence index, increased in the third quarter of the year, FNB said on Monday....
Sep 22, 2014
Construction major Aveng has offloaded its wholly-owned Australia- and New Zealand-based utility, resources and infrastructure contracting business Electrix to European concern Vinco Energies for some R1.4-billion in cash. Aligned to the strategic objective of...
Sep 19, 2014
After fully acquiring Nungu Trading 88 through a sale of shares and claims agreement, earlier this month, property group Texton Property Fund is now the sole owner of the 3 865 m2, AAA-grade office property Babcock House, in Bedfordview. Tenanted by Babcock Ntuthuko...
Sep 19, 2014
Article contains comments
Marking one of the biggest private sector-led commercial property developments in Johannesburg’s inner city, property groups Attacq and Atterbury Property Holdings are a week away from the soft launch of the R1.3-billion Newtown Junction mixed-use development, in the...
Sep 19, 2014
Zukie Siyotula, Wandile Mseleku and Govert Rietema.
African investment management firm Thebe Investment Corporation has acquired a 15% stake in Burgan Cape Terminals, which was, last year, awarded a 20-year contract by Transnet National Ports Authority (TNPA) to develop and manage fuel storage and distribution...
Sep 19, 2014
Although the national Municipal Benchmarking Initiative (MBI) is not intended to be a solution to service delivery problems, it does aim to improve efficiency and effectiveness by enabling municipalities to share knowledge on a peer-to-peer basis. This is according...
Sep 19, 2014
MICHAEL FLETCHER Real-time information available to government when citizens use publicly funded Wi-Fi networks will enable it to communicate with citizens and provide services
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Sep 19, 2014
Sep 19, 2014
Sep 19, 2014
Sep 19, 2014
 
 
 
Sep 19, 2014
DOUG MICHELL If we manage to control vehicle collisions, we could reduce industry accidents by about 50%
Construction industry representative association Master Builders Association (MBA) North launched the September for Safety road safety campaign this month to promote the safe use of vehicles regarding construction procedures when transporting either personnel or...
Sep 19, 2014
Specialised construction products supplier a.b.e. Construction Chemicals Chryso Southern Africa Group has expanded its range of Germany-based industrial adhesive and coatings systems provider Voelkel Industrie Produkte (VIP) polyurea coatings to include systems for...
Sep 18, 2014
Infrastructure development on the continent has gained momentum, with a special office to be set up soon, to champion this cause. Cabinet on Thursday announced that it has approved the establishment of the Project Management Office for the African Union Presidential...
Sep 17, 2014
In a landmark R1.5-billion deal that precedes it planned listing on the JSE, Pivotal Property Fund has acquired “strategic” land and property assets from Standard Bank Properties, which includes Sandton’s landmark Alice Lane development. “Pivotal has acquired...
Sep 17, 2014
Noting that it had made “great strides” in achieving its performance targets in the first quarter of the 2014/15 financial year, the Department of Public Works said this week that it had attained 60% of its 81 listed targets, which it believed was an indication that...
Sep 17, 2014
Confidence in the building sector, as measured by the First National Bank (FNB) and Bureau for Economic Research building confidence index, ticked up four index points to 45 in the third quarter, with improvements in residential building activity supporting the rest...
Sep 16, 2014
Article contains comments
Electricity producer Eskom warned on Tuesday it would take some time to arrest the current high levels of unplanned outages, revealing that 32 of its 87 coal-fired generating units required “major surgery”, while four were in a “critical condition”. However,...
Sep 16, 2014
Professor Kathy Michell and Louise Brooke-Smith
The South African Council for the Quantity Surveying Profession (SACQSP) and the Royal Institution of Chartered Surveyors (RICS) in London have signed a mutual recognition of professional competence agreement, solidifying the relationship of the two institutions....
Sep 16, 2014
Mali has signed a string of agreements with China totalling about $11-billion, most of it intended to finance two major railway projects linking the land-locked country to the coast, Mali's presidency said. Mali gave few details on the terms of the 34 agreements but...
Sep 15, 2014
DBSA CEO Patrick Dlamini
Following record disbursements of R12.7-billion in 2014, the State-owned Development Bank of Southern African (DBSA) reported on Monday that it planned to raise total yearly disbursements to R22-billion by 2017, with a major focus on under-resourced municipalities....
 
 
 
 
Sep 15, 2014
Through consolidating its operations into one central 59 000 m2 building, which was currently under construction near Freedom Park in Tshwane, Statistics South Africa (Stats SA) would streamline its processes and achieve greater efficiency, Minister in the Presidency...
Sep 15, 2014
Slow economic growth and a lack of infrastructural investment, coupled with increased competitor activity and rising imports, have made the trading environment in South Africa “particularly tough”, JSE-listed cement producer PPC said in an operational update...
Sep 15, 2014
Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene reported on Monday that nonstrategic government assets had been identified within various government departments that could be used to support an equity injection into the financially strained State-owned electricity producer, Eskom....
Sep 15, 2014
The Cabinet-approved support package for Eskom has reaffirmed that tariff adjustments “remain the key mechanism that will provide the electricity supply industry with a sustainable solution”, but it also included a further allocation of funds – no figure was provided...
Sep 15, 2014
China has extended 26-billion CFA francs ($51-million) in funding to Mali, the West African country said on Friday, as it negotiates a programme with the International Monetary Fund. President Ibrahim Boubacar Keita reached the agreement, which includes a gift of...
Sep 15, 2014
Tanzania signed a $565-million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation's role as a regional trade hub. Tanzania wants to lift capacity to 28-million...
Sep 15, 2014
Egypt said on Sunday it expected to receive around $425-million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm el-Sheikh. The first agreement is for $198-million earmarked for the...
Sep 13, 2014
State-owned power utility Eskom starts its 100-day countdown for the first power from the first 794 MW Medupi power station unit on Monday September 15, with Unit 6 scheduled to be synchronised at midday on December 24. Synchronisation is the process whereby the...
Sep 12, 2014
Construction of the R400-million upmarket secure residential property, Zimbali Suites, in KwaZulu-Natal, has started, Kuwait Stock Exchange-listed, integrated mixed-use hotel and resorts developer IFA Hotels & Resorts said on Friday. The sectional title Zimbali...
Sep 12, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies confirmed on Friday that the Hebei Iron and Steel Group, of China, was set to partner with the State-owned Industrial Development Corporation (IDC) on the development of steelmaking capacity based on the raw material...
 
 
 
 
Sep 12, 2014
A building that mimics a tree, an office block modelled off a termite nest and a building which uses algae on its façade . . . these are just a few examples of the innovative designs being discussed at the seventh annual Green Building Convention, in Cape Town....
Sep 12, 2014
The acquisition of Ballito Junction Shopping Centre by a joint venture (JV) between investment company Menlyn Maine and property developers Flanagan & Gerard Consortium in KwaZulu Natal has resulted in the development of a R1.4-billion regional mall set to complete...
Sep 12, 2014
Any user-pays project where less than half the users pay, is a failure, says Opposition to Urban Tolling Alliance (Outa) chairperson Wayne Duvenage. Outa is opposed to electronic tolling on Gauteng’s highways, as implemented last year.
Sep 12, 2014
Engineering solutions provider Bearing Man Group (BMG) established a new facility early this year at BMG Park, in Johannesburg, where special attachment chains are assembled to exact requirements in less than one week. “BMG’s special delivery service enables...
Sep 12, 2014
Wilson Bayly Holmes-Ovcon (WBHO) delivered “a reasonable performance” for the financial year ended June 30, says CEO Louwtjie Nel. “We are getting through this tough period. It hasn’t really improved much over the past two, three years, even though it is slightly...
Sep 11, 2014
Professor Mosad Elmissiry
The African Union’s New Partnership for Africa’s Development (Nepad) Agency have signed a memorandum of understanding with USAID outlining new commitments to the implementation of the Power Africa Initiative, which was unveiled by President Barack Obama in 2013....
Sep 10, 2014
Unctad economist Alex Izurieta
Given the insufficiency of global demand, it is highly unlikely that international trade alone will be able to kick-start economic growth, a new United Nations Conference on Trade and Development (Unctad) report argues. The Trade and Development Report 2014 notes...
Sep 10, 2014
As part of government’s Expanded Public Works Programme to create job opportunities and alleviate poverty, about 50 emerging construction contractor-owners from across the Western Cape are currently receiving training by the Western Cape Department of Transport and...
Sep 10, 2014
After recently announcing the close of its second affordable housing fund – Fund II – global private equity investor International Housing Solutions (IHS) says it has attracted some R1.5-billion in investment from prominent entities, including the National Housing...
Sep 10, 2014
Article contains comments
The development of the R84-billion Modderfontein New City by Hong Kong-listed property development group Shanghai Zendai will be driven by the twin needs for access to information technology (IT) and viable integrated public transport systems, creating what Zendai...
 
 
 
 
Sep 09, 2014
Real estate investment trust Redefine Properties has appointed Leon Kok as FD with effect from October 1. Prior to accepting the position with Redefine, Kok held various positions at Peermont Global, the last being COO since 2007.
Sep 09, 2014
Public Works Minister Thulas Nxesi
The Department of Public Works (DPW) was aiming to have the Property Management Trading Entity (PMTE) established as a government component and “up and running” by November this year, Public Works Minister Thulas Nxesi said on Tuesday, adding that the DPW planned to...
Sep 08, 2014
Tunisia is seeking foreign investors for $6.82-billion worth of infrastructure and development projects, as the government tries to prop up its faltering economy. "We have a 22 projects in many sectors, including energy, tourism, transport and infrastructure which we...
Sep 08, 2014
Gauteng MEC of Human Settlements and Cooperative Governance and Traditional Affairs Jacob Mamabolo says a mixed housing plan will be ideal for areas affected by dolomite. The impact of dolomite, an underground soil condition, on housing developments in Gauteng...
Sep 08, 2014
Sovereign fund Investment Corp of Dubai (ICD) has bought a 1.4% stake in Dangote Cement, Nigeria's biggest company by market capitalisation, for $300-million, a Dangote spokesperson said on Monday. Dangote Cement spokesperson Carl Franklin confirmed the sale, but...
 
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