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Oct 31, 2014
Updated 4 hours ago JSE-listed Intu Properties has replaced an existing £375-million facility, set to expire in November 2018, with a new corporate £600-million revolving credit facility (RCF). In an update to shareholders on Friday, the company explained that the new facility had a...
Oct 31, 2014
Updated 4 hours ago Now in its third year, the 2014 Nedbank Capital Sustainable Business Awards has recognised African businesses that have succeeded in balancing economic profitability with sustainable business practices, challenging companies in major industries to rethink the way...
Oct 31, 2014
Oct 31, 2014
Rosatom VP: sub-Saharan Africa Viktor Polikarpov
Updated 5 hours ago Russian nuclear energy group Rosatom confirmed on Friday that it had canvassed funding options with South African government officials during a recent “nuclear vendor parade workshop” held in the Drakensberg on October 23. The company said the options discussed were...
Oct 31, 2014
Johannesburg mayor Parks Tau
Updated 7 hours ago Cities in South Africa were designed to exclude and segregate, posing a challenge to town planning and bringing citizens closer to urban amenities, Johannesburg mayor Parks Tau said on Friday. "We've had to deal with this reality over the past 20 years," Tau said in...
Oct 31, 2014
SECURING THE DOOR Bitcon’s security doors are supplied as a door and frame unit and installed by the building contractor
Security-door company Bitcon Industries completed a modernisation programme of its manufacturing plant last month, enabling it to meet the growing demand from businesses for its range of security, fire, radiation and transformer doors, says director Bob Vollmer....
Oct 31, 2014
GREEN INDIFFERENCE Companies are focusing more on short-term investments and returns to reduce upfront investment costs, which negates the “green impact”
The South African market tends to be indifferent towards the green industry trend, with the current market seemingly not valuing buildings that practise green management or that have been designed with green principles, says integrated facilities management solutions...
Oct 31, 2014
NEW IMPERATIVE The environmental legislations and practices are to assist and enhance the opportunities of development in the economy
The local engineering industry is increasingly undertaking a mass-balance approach for its production and environmental impacts, where it analyses resources at source or input level, calculates the outputs and weighs the difference against the impact reduction costs,...
Oct 31, 2014
Oct 31, 2014
Oct 31, 2014
Oct 30, 2014
 
 
 
Oct 30, 2014
Sephaku Holdings, which is in the process of finalising its interim results for the six months ended September 30, expects to swing to a basic loss a share of between 1.9c and 2c for the half-year, from basic earnings a share of 3.32c in the first half of the prior...
Oct 30, 2014
Herman Burger, Madeleine du Toit and Corney van Rooyen
A high-standard technical paper, titled ‘Laser metal deposition microstructure of modified low-C martensitic stainless steel’, has secured two Council for Scientific and Industrial Research (CSIR) metallurgists and a University of Pretoria (UP) professor the...
Oct 30, 2014
Johannesburg CBD
JSE-listed Octodec’s absorption of Premium Properties provided the scale for the enlarged company to embark on bigger, higher-yielding property developments, attract better financing options and continue its ambitions of revitalising properties within Gauteng’s...
Oct 30, 2014
The Paledi Mall, in the Limpopo town of Mankweng, has opened its doors to shoppers after undergoing a R282-million refurbishment. The community shopping centre, which was partly financed by a R125-million loan provided by Nedbank Corporate Property Finance to...
Oct 30, 2014
Oct 29, 2014
Article contains comments
Oct 29, 2014
The Inter-Ministerial Committee (IMC) that was established to revitalise distressed mining towns has mobilised municipalities to review their Integrated Development Plans (IDPs) to pave the way for new-look mining towns.   Mpho Ndaba, the Director: Revitalization of...
Oct 29, 2014
Oct 29, 2014
Article contains comments
Len van Niekerk has resigned as CEO of JSE-listed Fountainhead Property Trust, effective November 30. Fountainhead executive director Andrew Konig will succeed him as CEO.
Oct 28, 2014
Article contains comments
South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean. The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy...
 
 
 
 
Oct 27, 2014
Article contains comments
Challenger Energy MD Robert Willes
The Petroleum Agency South Africa (Pasa) has confirmed on Monday that it would proceed with the processing of pending shale-gas applications received prior to February 1, 2011. The applicants affected include Shell South Africa Upstream, Falcon Oil and Gas and...
Oct 27, 2014
Article contains comments
Mthuli Ncube
A new book entitled The Emerging Middle Class in Africa forecasts that household consumption expenditure across Africa could rise to $2.6-trillion in purchasing power parity (PPP) terms by 2020, having breached $1.6-trillion in 2011. Edited by African Development...
Oct 24, 2014
Swedish Ambassador to South Africa Christian Meuwly will next week inaugurate the final roll-out of the new vertical shaft brick kiln (VSBK) at clay brick manufacturer Langkloof Bricks’ facility in Jeffrey’s Bay. The VSBK formed a part of economic, social and...
Oct 24, 2014
Tanzania and China have signed investment deals to build a $1 billion satellite city and $500 million financial centre in the commercial capital Dar es Salaam, the latest sign of Beijing's deepening ties with East Africa. The total of five deals, worth more than $1.7...
Oct 24, 2014
Article contains comments
Rosatom logo
The Department of Energy (DoE) reported on Thursday night that it had concluded its first “nuclear vendor parade workshop” with a delegation from the Russian Federation and that further meetings were planned with vendor countries such as France, China, South Korea,...
Oct 24, 2014
A well-documented challenge facing the construction industry is the across the board skills shortage, which has the potential to seriously affect the sustainability of the sector. “Within construction people are our greatest assets and the Stefanutti Stocks group is...
Oct 24, 2014
Article contains comments
Metrorail’s first new passenger train will arrive in November next year, says Passenger Rail Agency of South Africa (PRASA) CEO Lucky Montana. “Next year we will be able to put our hands around the infrastructure and equipment we have been talking about for so long.”
Oct 24, 2014
SOD-TURNING Imperial Logistics group executive officer marking the start of the development of the $20-million pharmaceutical warehouse in Kenya
Logistics company Imperial Logistics’ Africa-focused healthcare supply chain management provider last month started the construction of a $20-million pharmaceutical storage and distribution facility in Nairobi, Kenya. Imperial Health Sciences MD Dr Iain Barton states...
Oct 24, 2014
Johannesburg-based warehousing products manufacturer Universal Storage Systems is focusing on providing the latest warehousing solutions; the company is the only South African company to have designed, engineered and installed a clad rack warehouse in the country....
Oct 24, 2014
Multidisciplinary consulting engineering service provider WSP Industrial has focused on designing and engineering technologically advanced warehousing solutions that enable clients to save costs. WSP Industrial warehousing department head Kobus de Villiers tells...
 
 
 
 
Oct 24, 2014
SECURE WITH EXPANDED METAL Expanded metal offers the same level of flexibility as conventional fencing
Steel products manufacturer Andrew Mentis says that expanded metal is fast becoming a popular material to ensure human and warehoused items’ safety inside facilities. The company says that when compared to conventional fencing, expanded metal offers increased...
Oct 24, 2014
Logistics company Bidvest Panalpina Logistics (BPL) provides integrated solutions for the movement and storage of goods, in a field it explains requires expertise and experience. BPL operations director Stephen Smith states that the company’s global clients require...
Oct 24, 2014
Forklift and lift-truck distributor Goscor Lift Truck Company (GLTC) launched its new head office, in Chloorkop, in Johannesburg, earlier this month and highlighted its efforts to ensure the building’s energy and water efficiency.
Oct 24, 2014
Through Sasol Oil, chemical and energy company Sasol’s fuels marketing and sales business, R100 000 will be invested in the Nelson Mandela Bay and George areas. This will be implemented through the company’s Friendly Neighbour initiative that will see Sasol’s retail...
Oct 24, 2014
Article contains comments
The backlog on South Africa’s road network has reached R197-billion, up from R149-billion in 2010, says South African National Roads Agency Limited (Sanral) CEO Nazir Alli. This backlog included the strengthening and regravelling of roads, and excluded periodic...
Oct 24, 2014
Africa-focused warehousing solutions provider APC Storage Solutions SA, says that the recent addition to its range of automated storage solutions, the Clasimat Vertical Lift Module (VLM), which is sourced from Spain-based storage systems manufacturer Meculax, is...
Oct 23, 2014
Article contains comments
Global engineering and construction company Foster Wheeler on Thursday announced that an indirect wholly owned subsidiary of the company had completed its acquisition of metallurgical engineering company MDM Engineering. MDM would now become part of Foster Wheeler’s...
Oct 23, 2014
Oct 22, 2014
Government aimed to fast-track certain “fast-growing” infrastructure programmes, despite cutting back on expenditure over the next few years, the 2014 Medium-Term Budget Policy Statement (MTBPS) revealed on Wednesday. The MTBPS, released by new Finance Minister...
Oct 22, 2014
Andrew Parsons
Despite several real estate investment trusts (REITs) extolling the virtues of portfolio diversification, Resolution Capital Australia MD Andrew Parsons has cautioned against this strategy, advising trusts to rather simplify and specialise their asset portfolio....
 
 
 
 
Oct 21, 2014
Article contains comments
Public Works Minister Thulas Nxesi has established a task team comprising construction and property industry stakeholders to develop concrete, workable plans to accelerate transformation in the built environment and establish processes to monitor and evaluate its...
Oct 21, 2014
JSE-listed materials supplier Afrimat expects to report basic earnings per share (EPS) of between 59c and 64c, when it releases its interim results for the six months ended August 31. This would be between 20% and 30% higher than the EPS of 49.1c recorded in the...
Oct 21, 2014
JSE-listed Freedom Properties has appointed Jan Francois (Franky) Pretorius as CFO and FD to succeed Richard Eaton, who resigned on October 17. Pretorius is a qualified chartered accountant and completed his articles with KPMG, where he was eventually promoted to...
Oct 17, 2014
Article contains comments
President Jacob Zuma has officially opened the Department of Environmental Affairs’ (DEA’s) new green head office, in Pretoria, describing it as an event that would usher in a new green-focused era for the South African construction industry. “[This building] will...
Oct 17, 2014
Despite South Africa’s industrial property sector outperforming the retail and office property markets, the fundamentals were not conducive to major expansions, investment analysis and market indexcompany MSCI subsidiary IPD executive director Stan Garrun said on...
 
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