R/€ = 15.86 Change: 0.01
R/$ = 14.00 Change: 0.00
Au 1327.20 $/oz Change: 0.92
Pt 841.00 $/oz Change: 10.84


Aeris pays down debts

By: Esmarie Iannucci     4th October 2018 ASX-listed Aeris Resources has made a $20-million dent in its debt, reducing its total debt to $29-million. Executive chairperson Andre Labuschagne said that the $20-million debt repayment meant that the company had now reduced its debt by more than $100-million since the current management... 

Ausdrill raises first A$175m

By: Esmarie Iannucci     17th August 2018 Mining services provider Ausdrill has raised some A$175-million from the institutional component of its 1-for-2.13 pro-rata non-renounceable entitlement offer. The completion of the institutional offer is the first stage of the company’s fully underwritten entitlement offer, which is expected to... 

Paringa raises A$30m for US coal mine

By: Esmarie Iannucci     21st May 2018 Coal developer Paringa Resources has announced A$30-million capital raising to fund the development of its Poplar Grove coal mine, in the Illinois basin, Kentucky. The company on Monday said that some A$19.2-million had been raised through an institutional entitlement offer, which was priced at... 

Durban Cruise Terminal project, South Africa

By: Sheila Barradas     20th April 2018 The Transnet National Ports Authority and the KwaZulu Cruise Terminal signed an agreement that will result in the construction of the cruise terminal at the entrance to the Port of Durban.  

Detailed design phase for R200m Durban cruise terminal to start this month

By: Shirley le Guern     16th April 2018 Transnet National Ports Authority and the KwaZulu Cruise Terminal (KCT) consortium on Monday officially signed an agreement that will see the construction of a R200-million-plus cruise terminal at the entrance to the Port of Durban.   The consortium, which is 70% owned by MSC Cruises, the largest... 

Phase 1 of Loftus Park mixed-use development nears completion

By: Schalk Burger     14th March 2018 Phase one of the mixed-use Loftus Park precinct being developed by JSE-listed Redefine Properties and built by construction firm Abland will include 34 000 m2 of office space, a gym, an open-air piazza with restaurants and a convenience retail offering, as well as a new 152-room hotel by... 

Residents furious as City of Cape Town awards controversial R1bn prime land tender 

By: News24Wire      5th October 2017 The City of Cape Town has awarded a controversial R1-billion tender to sell and transform stretches of its prime land between Clifton and Camps Bay - a move which residents feel will push up costs and start squeezing out those who can no longer afford to live there. The Clifton tender, which... 

Beach raises first A$201m for Lattice buy

By: Esmarie Iannucci     2nd October 2017 Oil and gas major Beach Energy has raised about A$201-million of its A$301-million target through an institutional entitlement offer to partially fund the acquisition of Lattice Energy from fellow-listed Origin Energy. Beach CEO Matt Kay told shareholders on Monday that the company was pleased... 

Syrah raises initial A$75m

By: Esmarie Iannucci     21st September 2017 Graphite developer Syrah Resources has successfully raised A$74-million of a targeted A$110-million through a share placement and the institutional component of a pro-rata accelerated nonrenounceable entitlement offer. “We are delighted with, and grateful for, the strong level of support shown... 

Atlantic Hills business park project, South Africa

By: Sheila Barradas     9th June 2017 The project entails the development of a new industrial precinct on a 72 ha site, with 45 ha zoned for light industrial business. 

LNG-focused energy firm pursuing ‘diversified’ African investment pipeline

By: Terence Creamer     26th April 2017 Black-empowered energy company African Energy Partners (AEP), which plans to list as a special purpose acquisition company on the JSE’s AltX board on June 1, to raise up to R500-million to pursue liquefied natural gas (LNG) prospects in Africa, reports that its investment pipeline includes a... 

Abland starts earthworks at Atlantic Hills business park

By: Megan van Wyngaardt     19th April 2017 Earthworks and services installation have started for the first phase of a new 450 000 m2 industrial precinct in Durbanville, the Atlantic Hills business park, with the first tenant expected to take occupation in January 2018, construction company Abland says. The first phase will involve the... 

KwaZulu-Natal to get another retail, logistics park

By: Megan van Wyngaardt     10th January 2017 A multimillion-rand logistics and retail park being developed by M&F Giuricich Developments and Fortress Property Fund, in KwaZulu-Natal, will be built this year. The logistics park, located between the King Shaka International Airport and Durban, will form part of the N2 Business Estate, located... 

JHI heads Old Mutual property portfolio in SA and Namibia

By: Anine Kilian     6th June 2016 Property management group JHI has been awarded a five-year contract to manage real estate investor Old Mutual Life Assurance Company South Africa’s entire property portfolio in South Africa and Namibia.   The new property management agreement would enable Old Mutual to remain focused on the... 

JHI wins appointment to manage Old Mutual properties

6th June 2016 JHI, part of the Excellerate Property Services Group, has been appointed to manage Old Mutual Life Assurance Company SA’s entire property portfolio in South Africa and Namibia, from 1 April 2016. This new property management agreement is a cost-effective solution that allows leading real estate... 

Newtown City Lodge opens, marking another landmark hotel development for Atterbury

4th February 2016 A new 148-room City Lodge Hotel has opened at Newtown Junction - Atterbury Property Developments’ ground-breaking R1.4 billion mixed-use development in the Joburg CBD. The three-star hotel is the latest addition to the award-winning 85,000m² Newtown Junction shopping, leisure and office... 

Santos completes shortfall bookbuild

By: Esmarie Iannucci     3rd December 2015 Australian oil and gas major Santos has completed its retail shortfall bookbuild for the retail component of its renounceable entitlement offer. The company said on Thursday that some 152-million retail entitlements, worth A$585-million, were sold in the retail shortfall bookbuild, with... 

Santos falls short on retail offering

By: Esmarie Iannucci     2nd December 2015 Australian oil and gas major Santos has successfully completed the retail component of its entitlement offer, raising A$775-million. The retail entitlement offer was the second stage of the company’s plans to raise A$2.5-billion in equity, with the institutional component of the entitlement... 

Santos’s entitlement offer falls short, raises A$1.17bn

By: Esmarie Iannucci     12th November 2015 The share price of oil and gas major Santos fell by more than 28% on Thursday after the company failed to meet it’s A$2.5-billion institutional entitlement offer. Santos closed the 1-for-1.7 accelerated pro rata renounceable offer with an 86% uptake, raising around A$1.17-billion. 

Origin launches retail component of A$2.5bn entitlement offer

By: Esmarie Iannucci     7th October 2015 ASX-listed oil and gas major Origin Energy has launched the retail component of it’s A$2.5-billion renounceable entitlement offer, after raising an initial A$1.35-billion through its institutional entitlement component. At the end of September, Origin launched a A$4.7-billion capital initiative... 

Centre Forum greenfield residential development, South Africa

By: Sheila Barradas     14th August 2015 The Centre Forum will be a shopping destination for those who visit the area between Lilian Ngoyi, Struben and Johannes Ramokhoase streets. 

Syrah raises A$211m to fund Balama construction

By: Esmarie Iannucci     3rd August 2015 Graphite developer Syrah Resources on Monday announced a A$211-million capital raise to fund the development of its Balama project, in Mozambique. The company would raise the funds through an institutional placement and pro rata renounceable entitlement offer, which have both been fully... 

Octodec raises R390m for R1bn development pipeline

By: Natasha Odendaal     14th July 2015 JSE-listed real estate investment trust Octodec has raised R390-million to partially fund its R1-billion development pipeline, including developments in the Tshwane and Johannesburg inner cities. The property group, which on Tuesday placed 15.9-million shares with qualifying investors at an issue... 

Property group outlines R653m investment in four projects

By: Anine Kilian     22nd May 2015 JSE-listed real estate investment trust Octodec announced a solid performance for the six months leading up to February 2015 earlier this month. The results show strong growth in earnings, with rental income increasing, following several successful property upgrades and a proactive approach to... 

Octodec reports 9.3% hike in H1 distribution

By: Natasha Odendaal     4th May 2015 JSE-listed real estate investment trust Octodec on Monday posted a 9.3% rise in total distribution to 96.8c a share as it presented its first interim financial results as an expanded company after merging with Premium Properties. The merger with Premium, contractual escalations, improved letting... 

Landmark announces R205 million Junction@Kwathema retail development

6th November 2014 Landmark Real Estate is excited to announce its latest retail development styled “Junction@Kwathema”. Prominently situated at the entrance to Kwathema on its main feeder route, Tonk Meter Drive, it is expected to service a large portion of the Kwa Thema district and its neighbouring areas. The... 

R1.5bn Johannesburg inner-city development to open next week 

By: Natalie Greve     19th September 2014 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 central business district’s... 

Tiger completes institutional placement

By: Esmarie Iannucci     1st September 2014 Copper cathode producer Tiger Resources on Monday announced that it had completed the institutional component of its A$45.6-million capital raising. The institutional component comprises A$26.1-million. A further A$19.5-million will be raised through a share placement. 

Afrisam Supplies Concrete To Final Phase Of Lynnwood Bridge Complex

2nd June 2014 AfriSam has supplied 13 000 m3 of 30 MPA enhanced suspended slab mix for Phase 3 of the Lynnwood Bridge complex, in compliance with the developer’s Green Star specifications. The company has supplied the concrete required for all three phases of the Lynnwood Bridge complex, located on the North... 

Iron Road sets cap to raise A$40m

By: Esmarie Iannucci     2nd August 2012 ASX-listed junior Iron Road would raise around A$40-million through an accelerated nonrenounceable entitlement offer to continue the definitive feasibility study (DFS) on its expanded Central Eyre iron project. The company said on Thursday that around 124.9-million new shares would be issued at... 

Senex raises A$155m for gas exploration

By: Esmarie Iannucci     20th June 2012 ASX-listed Senex Energy was looking to raise some A$155-million through a share placement and entitlement offer to fund exploration of its unconventional gas acreage in South Australia. The company said that some 210-million new shares would be issued as part of the equity raising, with... 

Beach Energy to raise A$345m for Cooper basin exploration

By: Esmarie Iannucci     27th March 2012 ASX-listed oil and gas producer Beach Energy was looking to raise some A$345-million to fund its capital expenditure initiatives over the next two to three years. The oil and gas company would launch an one-for-eight pro-rate accelerated nonrenounceable entitlement offer, at A$1.40 a share, to... 


Latest News


Latest Videos



Engineering News is a product of Creamer Media.

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now
Register Close