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Nuclear awareness low, rational debate needed in South Africa 

By: Natasha Odendaal     6th May 2016 The general perceptions, often misinformed, surrounding nuclear development and South Africa’s nuclear programme need to be unpacked and clarified, so that citizens can make their own informed decisions, rationally, around the subject, industry proponents urged on Friday. South Africa’s ambitions... 

There is a business case for nuclear in South Africa, says Necsa CEO 

By: Natasha Odendaal     6th May 2016 Government’s proposed 9.6 GW nuclear build programme has a place in South Africa, with new research showing that its base case cost could be lower than that of coal-fired power generation, South African Nuclear Energy Corporation (Necsa) CEO Phumzile Tshelane said on Friday. He noted that the... 

First South African Starbucks opens

     21st April 2016 The first Starbucks store in South Africa opened its doors to the public on Thursday. The store, in Rosebank, Gauteng, would offer a range of Starbucks beverages and food, including Starbucks’ ethically sourced 100% Arabica coffee. However, South African customer tastes were also taken into... 

Faster-moving attacks threaten enterprises

     29th March 2016 High speed networks, an exponential increase in the number of endpoints, and a more tech-savvy employee base mean a great deal more risk for enterprises, says Fortinet. Addressing a media round table in Rosebank, Fortinet Africa executives said the risks to enterprise had increased and changed... 

Jinx Expands For Lower Costs, Better Performance

     14th March 2016 INX-ZA has for the first time expanded the Johannesburg Internet Exchange beyond the Rosebank facility that has served Africa’s oldest Internet exchange for twenty years. JINX began as a project of the Internet Service Providers’ Association and is now independently managed by INX-ZA which... 

Taiwan businesses headed to S Africa to stimulate trade

By: Megan van Wyngaardt     19th February 2016 Nonprofit trade organisation Taiwan External Trade Development Council will lead a business delegation of 25 Taiwanese enterprises on a visit to South Africa on March 2, aimed at promoting possible business opportunities between the two countries. The Taiwanese delegation would host a trade... 

Emira eyes asset base expansion, R2.5bn investment in potential projects

By: Natasha Odendaal     18th February 2016 Emira Property Fund is mulling the injection of R2.5-billion in capital expenditure (capex) for projects-in-planning across its portfolio after several successful redevelopment, expansion and improvement projects, as well as acquisitions and disposals, boosted the JSE-listed real estate... 

Giuricich Bros build expertise in retail development and celebrate new WWF green building landmark

     3rd December 2015 Giuricich Bros Construction – a leading South African independent and family owned construction firm – has increased its presence in the retail development sector by securing the lucrative building contracts for the new 45,000m² Springs Mall at Blue Crane Eco Park and the 15,000m² expansion of... 

Gautrain capacity-expansion measures advancing

By: Mia Breytenbach     27th November 2015 Several key capacity-expansion projects are under way to enhance the operational capacity of the existing Gautrain rapid rail link system, says transport provider Gautrain Management Agency (GMA). “In the short term, GMA aims to increase the parking capacity at its stations. The second step is to... 

Johannesburg municipality to continue public transport initiatives

By: Mia Breytenbach     27th November 2015 The City of Johannesburg municipality plans to continue its focus on the implementation of an integrated transport system through its transport legacy projects following the EcoMobility World Festival 2015, in the Sandton central business district (CBD). “[The festival] proved . . . that there is... 

Financial sector gears up for Twin Peaks implementation next year

By: Natasha Odendaal     26th November 2015 As Parliament mulls the new regulatory framework to govern South Africa’s financial industry, the sector is preparing for its promulgation; however, it will require a complete “rethink” of the way regulators guide financial institutions. The tabling of the Financial Sector Regulation (FSR) Bill... 

Successful entrepreneurs will limit the downside now to maximise profits in the future

     11th November 2015 The year ahead will be tough, but commercial businesses that can process increased complexity and drive an entrepreneurial agenda are likely to outperform, says Standard Bank. Commercial businesses, which earn revenues of between R300 million and R1.2 billion, are seen as a fast growing market... 

GE exec urges South Africa to broaden localisation architecture 

By: Terence Creamer     3rd November 2015 Increasing local content in purchases by government departments and State-owned companies is viewed as a key pillar of South Africa’s reindustrialisation efforts. But the head of GE Transportation Africa, Thomas Konditi, believes the initiative could be augmented through the creation of a... 

TPT keeps eye on financial stability

By: Natasha Odendaal     28th October 2015 As State-owned Transnet prepares to deliver its financial results for the first half of this year on Thursday, Transnet Port Terminals (TPT) CEO Karl Socikwa on Wednesday vowed to do everything possible to keep the division’s balance sheet healthy as the South African economy faces low economic... 

Sasol’s new office construction progressing

By: Mia Breytenbach     23rd October 2015 More than 3 000 of integrated energy and petrochemicals major Sasol’s personnel will move to the group’s new headquarters in Katherine street, Sandton, Gauteng – a consolidation of the group’s 17 offices currently located in Rosebank, Randburg and Bryanston – in the second half of 2016.... 

Stainless steel products supplied to Joburg projects

By: Kimberley Smuts     23rd October 2015 Metal finishes specialist Rimex Metals South Africa (SA) – a Southern Africa Stainless Steel Development Association (Sassda) member –¬ is continuously supplying stainless steel products and industry knowledge to various projects in Johannesburg, such as the Sandton City refurbishment and the... 

Abland develops R700m office park in Parktown

By: Megan van Wyngaardt     19th October 2015 Marking the first new office park development in the Parktown node in over ten years, property development company Abland is building a R700-million, 35 000 m2 A-grade office park in the area.   The company expected that the Hill on Empire development, which was strategically positioned on Empire... 

Abland introduces Hill on Empire

     19th October 2015 Abland is developing the 35,000sqm A-grade office park development in Parktown called Hill on Empire. This is the first new office park development to be constructed in this Johannesburg node in more than 10 years. The development is strategically positioned in Johannesburg’s leafy green suburb... 

New development taking shape in Pretoria's rugby heartland

By: Anine Kilian     2nd October 2015 JSE-listed property investment and development company Pivotal Property Fund (Pivotal) and property developer Abland broke ground on their Loftus Park development last month. The mixed-use development is adjacent to the home of Pretoria-based rugby team the Blue Bulls, Loftus Versfeld sports... 

Real estate investment trust lifts distributions

By: Anine Kilian     18th September 2015 JSE-listed real estate investment trust (Reit) Hyprop achieved a 15% increase in total distributions to 543c a share for the 2015 financial year. Revenue and distributable earnings from investment property increased by 11.9% and 14.5%, respectively, while net asset value (NAV) per share rose... 

Hyprop lifts FY distributions

By: Anine Kilian     1st September 2015 JSE-listed real estate investment trust (Reit) Hyprop achieved a 15% increase in total distributions to 543c a share for the 2015 financial year. Revenue and distributable earnings from investment property increased by 11.9% and 14.5%, respectively, while net asset value (NAV) per share rose... 

Telkom beds Tribunal approval, now in last leg of BCX acquisition

By: Natasha Odendaal     5th August 2015 Following the Competition Tribunal’s approval, with conditions, of JSE-listed Telkom’s play for information and communication technology (ICT) firm Business Connexion (BCX), the telecommunications giant now eyed the approval of the Takeover Regulations Panel and the JSE. The R2.67-billion deal... 

Gautrain rapid rail link, South Africa

By: Sheila Barradas     31st July 2015 A request for proposals will be released in September for the procurement of 12 additional train sets for the Gautrain rapid-rail operation. 

Hulamin focuses on growing local demand amid global headwinds

By: Megan van Wyngaardt     27th July 2015 Weakened demand from China, paired with the ongoing electricity challenges in South Africa, have led to JSE-listed Hulamin’s headline earnings a share falling to 25c a share for the six months to June 30, compared with 40c in the first half of last year. Further, the company’s earnings before... 

Montana says govt to review PRASA’s decision to cut his contract short

By: Natasha Odendaal     17th July 2015 Shortly after the Passenger Rail Agency of South Africa’s (PRASA’s) eleventh-hour cancellation of its anticipated press conference surrounding the exit of Lucky Montana, the ousted CEO on Friday said the cutting short of his notice period was “disappointing but not unexpected”. However, speaking... 

Gautrain rapid rail link, South Africa

By: Sheila Barradas     17th July 2015 The legal process involving the delay and disruption claim, which the Bombela consortium filed against the Gauteng provincial government, is progressing. 

Financial feasibility of Sandton bike-sharing scheme doubtful, study finds

By: Natalie Greve     7th July 2015 While considered technically feasible, a recent government-sanctioned study by engineering consulting firm GIBB has suggested that a proposed bicycle-sharing schemes (BSS) in Johannesburg may prove to be financially unworkable, with income from the scheme unlikely to cover its operational costs.... 

Gautrain tests mobile connectivity at underground stations

By: Natalie Greve     2nd July 2015 Commuters on Gauteng’s Gautrain system will, for a three-day period from Thursday, have access to limited data and voice mobile communication service coverage across the MTN and Vodacom networks in the Gautrain’s underground Sandton, Rosebank and Park stations, the Gautrain Management Agency... 

City of Joburg plans on expanding paid street parking

By: News24Wire      15th June 2015 The City of Johannesburg has plans to extend the paid street parking system to other busy areas in the metro such as Rosebank. "Most cities have a parking management system together with enforcement measures to ensure a fair simple parking solution for motorists," spokesperson Nthatisi Modingoane... 

Telkom to step up turnaround as gains emerge

By: Natasha Odendaal     8th June 2015 The 2016 financial year would see JSE-listed Telkom stabilise its net revenue, maintain an earnings before interest, taxes, depreciation and amortisation (Ebitda) margin of between 26% and 27% and a capital expenditure (capex) to revenue ratio of 15% to 18% as its restructuring journey continued... 

WEF will show that S Africa, continent is open for business

By: Megan van Wyngaardt     29th May 2015 Under the auspices of the World Economic Forum (WEF) on Africa, being held in Cape Town from June 3 to 5, South Africa will reiterate its stance that it is open for business, showcasing what it has to offer other countries and global business. The event, which would be attended by more than 1 250... 

Telkom incorporates another 22 suburbs on LTE-A network

By: Natasha Odendaal     19th May 2015 As telecommunications giant Telkom widened the scope of its long-term evolution-Advanced (LTE-A) network, which was launched late last year, another 22 suburbs have been linked to the superfast wireless network. LTE-A, which boasted peak download speeds of nearly 150 Mb/s, would now cover areas... 

Wescoal’s BEE ambitions get deadline

By: Natasha Odendaal     12th May 2015 Junior coal mining and trading group Wescoal’s ambitious black empowerment plans, which are key for the JSE-listed group’s contracts with power utility Eskom and other export opportunities, are likely to come to head by December 2016. Speaking to Mining Weekly Online prior to a shareholder update... 

Economic Development Solutions

     8th May 2015 Since its establishment in June 2012, Johannesburg-based consulting firm Economic Development Solutions (EDS), which focuses on broad-based black economic empowerment (BBBEE), economic development (ED), legislative compliance and socioeconomic development (SED) and  ED programme implementation,... 

Redefine Properties reports good H1, expects further growth

By: Megan van Wyngaardt     7th May 2015 JSE-listed Redefine Properties achieved distribution growth of 7.1% to 39c a share in the six months to February 28. In rand terms, distributable income for the year increased by 31.4%, to R1.47-billion, benefiting from a number of acquisitions made in recent years. “Redefine’s solid performance... 

Cell C to invest R8bn in LTE infrastructure

By: Sashnee Moodley     24th April 2015 South Africa's third-largest mobile operator Cell C will invest R8-billion over the next three years to roll out long-term evolution (LTE) infrastructure for targeted customers across the country.  

Cell C to invest R8bn in LTE infrastructure

By: Sashnee Moodley     9th April 2015 South Africa's third-largest mobile operator Cell C will invest R8-billion over the next three years to roll out long-term evolution (LTE) infrastructure for targeted customers across the country.  

SA risks weakening foreign investment environment with Security Bill amendment 

By: Natasha Odendaal     30th March 2015 Despite the “overwhelming” positivity surrounding the majority of the changes contained within the Private Security Industry Regulatory Authority (PSIRA) Amendment Bill, one clause has “unintended consequences” capable of damaging South Africa as an attractive investment destination and breaching... 

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