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Equites, Standard Bank ink R1.6bn sustainability-linked loan

By: Simone Liedtke 22nd September 2020 JSE-listed Equites Property Fund has closed a R1.6-billion sustainability-linked loan with Standard Bank aimed at promoting the achievement of various environmental, social and corporate governance (ESG) targets. The funding deal reflects that sustainable finance solutions in the African market... →

Nersa says Eskom must be buyer of IPP power arising from new determination

By: Terence Creamer 22nd September 2020 The National Energy Regulator of South Africa (Nersa) says that Eskom should remain the buyer of the electricity produced by independent power producers (IPPs) and procured by the Department of Mineral Resources and Energy (DMRE) in line with a new Section 34 Ministerial determination for 11 813... →

IRP’s wind component could trigger yearly investments of R40bn, create 144 000 jobs by 2030

By: Terence Creamer 22nd September 2020 The 14.4 GW of new wind included in South Africa’s electricity plan positions the country as a “top ten” wind-energy market for the coming decade, while building capacity at the yearly tempo of 1 600 MW envisaged in the plan could attract R40-billion a year in new investment and create 144 000... →

BioTherm Energy's Excelsior Wind Farm

Affordable housing project launched in Cape Town

By: Donna Slater 22nd September 2020 Privately-owned property developer, the Amdec Group, broke ground at its 11 ha, R500-million affordable housing estate – Golden Grove Estate – in Ottery, Cape Town, on September 17. Golden Grove Estate will house 1 000 affordable residential apartments – including 24 m2 one-bed units, 36 m2... →

At the ground breaking event are, from left to right and in the foreground, Amdec chairperson John Wilson, Amdec CEO James Wilson, City of Cape Town Mayor Dan Plato and DNL Properties owner Howard Fisher.

Attacq decides against declaring a full-year dividend to preserve liquidity

By: Donna Slater 22nd September 2020 Real estate investment trust (Reit) Attacq experienced a decline in distributable earnings during the last six months six months of the financial year ended June 30, mainly as a result of tenant rent relief measures to help tenants through the worst of the Covid-19 lockdown. The company was... →

Attacq CEO Melt Hamman and COO Jackie van Niekerk discuss the group’s financial six-month results for the year ended June 30.

FNB/BER Civil Confidence Index rises, but sentiment still depressed

By: Tasneem Bulbulia 22nd September 2020 Sentiment in the civil construction sector, as measured by the First National Bank (FNB)/Bureau for Economic Research (BER) Civil Confidence Index, increased to a still-low level of 11 in the third quarter, from an all-time low of five in the second quarter. Despite having increased by six... →

City of Cape Town approves River Club redevelopment

By: Simone Liedtke 22nd September 2020 The rezoning application for the River Club redevelopment in Observatory, Cape Town, has been approved by the Municipal Planning Tribunal. After considering submissions from the applicant, interested and affected parties, as well as officials representing the City of Cape Town, recommended the... →

Call for improved enforcement as construction transport accidents run up R352m tab

By: Irma Venter 22nd September 2020 Statistics provided by the Federated Employers Mutual Assurance Company (FEM) – the workmen’s compensation insurer for the building industry – indicate that there were 929 motor vehicle accidents (MVAs) in 2018 involving people working within the construction industry. “While this may seem low,... →

Economic pinch puts spotlight on green building

By: Simone Liedtke 21st September 2020 South Africa’s construction industry continues to suffer the effects of the national lockdown, a consequence of the Covid-19 pandemic. Unexpected delays and disruptions have resulted in increasing construction costs, which have had a knock-on effect for both developers and end-users, says student... →

Kangnas wind farm's main transformer energised

By: Donna Slater 21st September 2020 The main transformer of the 140 MW Kangnas wind farm, on the outskirts of Springbok, in the Northern Cape, was energised on September 21. The 250 MVA transformer was locally manufactured and was transported to site from Gauteng by road. →

Opinion: National Infrastructure Plan 2045 must encourage hybridity to attain financing

21st September 2020 In this opinion piece, Nelson Mandela University Infrastructure Development & Engagement Unit associate Bongani Mankewu writes that a move from government to governance is needed for infrastructure to be catalytic to economic growth. The South African government adopted a National Infrastructure... →

Bongani Mankewu

Cameroon seeking to build $3bn dam to export electricity

By: Bloomberg 18th September 2020 Cameroon will build a $3-billion hydropower plant as part of an ambitious plan to make the central African nation an exporter of electricity by 2035. The 810 MW Grand Eweng project on the Sanaga river, a joint venture between the government and the US-based energy company Hydromine, is the fifth... →

Company’s products ensure longevity

18th September 2020 Engineering components provider BMG’s portfolio of Fenner power transmission components includes a range of high-strength friction transmission belts that offer dependable performance in demanding heating, cooling and ventilation applications. →

ALWWAYS ON CALL BMG offers a technical advisory and 24-hour support service throughout Africa

Engineering collaboration assists local development

18th September 2020 Mechanical engineering contractor Brimis Engineering is working together with air conditioning contractor Blue Hemisphere on the heating, ventilation and air conditioning (HVAC) installation at the Middelburg Provincial Hospital. →

Heating solutions ensure energy efficiency

18th September 2020 Electrical and digital building infrastructure specialist Legrand South Africa’s smart Netatmo solutions, which are designed for convenience, safety and comfort at home, ensure energy efficiency and enhanced aesthetics. →

UNMATCHED CONSISTENCY Smart Netatmo thermostats ensure the home environment stays at the correct pre-set temperature – no matter what the outside weather conditions are

HVACR industry at a turning point

By: Mamaili Mamaila 18th September 2020 The heating, ventilation, air-conditioning and refrigeration (HVACR) industry is at a turning point and it is up to all the innovators in the industry to take the lead and set a new standard for South Africa, multinational air-conditioning manufacturing company Daikin South Africa MD Koen Van... →

KOEN VAN WYNENDAELE Before the Covid-19 outbreak, the industry in general was under pressure owing to a sluggish economy with limited to no growth, a difficult political climate and a tough investment climate

Bulk infrastructure works start at Tambo Springs Logistics Gateway

By: Irma Venter 18th September 2020 Construction of bulk infrastructure at the Tambo Springs Logistics Gateway has started. This development, located on the southern border of the Johannesburg and Ekurhuleni metros, is connected by road and rail corridors between Johannesburg and Ekurhuleni, in Gauteng; Durban, in KwaZulu-Natal;... →

IPP Office says next renewables bid window by end Jan ‘latest’, but possibly before year-end

By: Terence Creamer 17th September 2020 The head of South Africa’s Independent Power Producer (IPP) Office, which performs the IPP procurement function on behalf of the Department of Mineral Resources and Energy (DMRE), says discussions are under way with the department to finalise the roll-out plan for the Section 34 determination... →

Infrastructure South Africa drafting 25-year National Infrastructure Plan

By: Marleny Arnoldi 17th September 2020 Public Works and Infrastructure Minister Patricia de Lille has confirmed that a single entry point for all the projects in the country's Infrastructure Investment Plan will be created, through an entity called Infrastructure South Africa (ISA). ISA will be at arm’s length from the Department of... →

Public Works and Infrastructure Minister Patricia de Lille

Jewel City set for Heritage Day launch

By: Tasneem Bulbulia 16th September 2020 The new inner city mixed-use precinct development, Jewel City, will officially be launched to the public on Heritage Day. Jewel City is a residential, commercial and retail development undertaken by Divercity – a partnership between property developers and funds Atterbury, iThemba and Talis. →

Photo by Creamer Media's Tasneem Bulbulia
Aerial view of part of the precinct

Renewables body optimistic next bidding round can be ‘expedited’

By: Terence Creamer 16th September 2020 The South African Renewable Energy Council (Sarec) expressed optimism on Wednesday that the long-awaited fifth bid window (BW5) of the Renewable Energy Independent Power Producer Procurement Programme could be fast-tracked in light of the energy regulator’s recent concurrence with a Ministerial... →

Brand new 33 MW Western Cape wind farm connects to grid

By: Terence Creamer 16th September 2020 The 33 MW Excelsior Wind Energy Facility, in the Western Cape, has been connected to South Africa’s load-shedding-prone national grid, with all 13 of its wind turbines having been successfully commissioned. The facility is believed to be the first Renewable Energy Independent Power Producer... →

BioTherm Energy's 33 MW Excelsior Wind Energy Facility

Opinion: South Africa has the capacity and experience to roll out large infrastructure projects

16th September 2020 In this opinion piece, law firm Hogan Lovells Johannesburg counsel Charles Marais writes about the potential for South Africa to successfully roll out more infrastructure projects through public-private partnerships (PPPs). South Africa is facing a recession of enormous proportions following the... →

CDC aiming to secure CEO replacement for long-serving Silinga by year-end

By: Terence Creamer 16th September 2020 The Coega Development Corporation (CDC) has formally initiated a recruitment process to secure a replacement for its long-serving CEO, Pepi Silinga, who has been appointed CEO of Transnet National Ports Authority, effective October 1. The position has been advertised internally and externally and... →

Pepi Silinga

PPC makes ‘positive progress’ on restructuring, finance project

By: Simone Liedtke 15th September 2020 JSE-listed cement manufacturer PPC Cement has made positive progress on its restructuring and finance programme, with the objective of implementing a sustainable capital structure. PPC has received funding confirmation from South African lenders, who the company says will provide various short-... →

Calgro breaks ground on Cape Town student accommodation project

By: Schalk Burger 14th September 2020 JSE-listed residential property and parks developer Calgro M3 has broken ground on a student accommodation project on behalf of the University of the Western Cape (UWC). The accommodation is being built at Calgro M3's Belhar central business district development, which will help to ease the... →

DMRE targeting December for initiation of fifth renewables bid window

By: Terence Creamer 14th September 2020 The Department of Mineral Resources and Energy (DMRE) has clarified that it is aiming to release bid documentation for the so-called fifth bid window (BW5) of South Africa’s renewable-energy procurement programme in December, following receipt of the regulator’s concurrence with a Ministerial... →

Maynier urges urgent Gazetting of determination for new power projects

By: Terence Creamer 11th September 2020 The Western Cape government has urged Mineral Resources and Energy Minister Gwede Mantashe to urgently Gazette the final Section 34 Ministerial determination that would open the way for the procurement of 11 813 MW of new electricity capacity. The call came as government's Political Task Team on... →

Western Cape Finance and Economic Opportunities Minister David Maynier

Dube-Ncube to inspect Margate Airport renovations

By: Sane Dhlamini 11th September 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube will visit Margate on Saturday to inspect R10-million worth of renovations at the Margate Airport as the country observes Tourism Month. Dube-Ncube will be accompanied by KwaZulu-Natal Transport, Community... →

KZN MEC for Economic Development, Tourism and Environmental Affairs, Nomusa Dube-Ncube

One year later and still no clarity on e-tolls, says Outa

By: Irma Venter 11th September 2020 Cabinet’s failure to make a decision on a funding mechanism for Gauteng’s freeways is affecting long-term road planning and allows the South African National Roads Agency Limited (Sanral) to avoid responsibility for an incoherent e-toll collection strategy, says the Organisation Undoing Tax Abuse... →

Renewable-energy masterplan process advancing

By: Creamer Media Reporter 11th September 2020 Work on the South African Renewable Energy Masterplan (SAREM) is officially under way, with the first industry working group meeting having taken place on August 26. SAREM is one of 14 industry specific masterplans being developed under the Department of Trade, Industry and Competition (DTIC’s)... →

Balwin expects up to 60% decrease in earnings

By: Tasneem Bulbulia 10th September 2020 JSE-listed Balwin Properties’ results for the six month period ended August 31 were impacted by the unprecedented and evolving market conditions brought about by the coronavirus pandemic. Consolidated earnings a share and headline earnings a share for the period are, therefore, expected to... →

Mantashe says Nersa’s concurrence with determination opens way for procurement of 11 813 MW of new power

By: Terence Creamer 10th September 2020 Mineral Resources and Energy Minister Gwede Mantashe reported on Thursday the National Energy Regulator of South Africa (Nersa) had provided its concurrence to a Section 34 Ministerial Determination, issued in February, which opened the way for the procurement of 11 813 MW of new electricity... →

Photo by Creamer Media
Mineral Resources and Energy Minister Gwede Mantashe

IEA says green hydrogen is ‘ready for big time’ and lists Africa as key production site

By: Terence Creamer 10th September 2020 Africa has been listed, in a new International Energy Agency (IEA) report, as one of the locations that could emerge as dominant in the production of green hydrogen, which the agency says is required to extend the decarbonisation reach of renewable electricity to industries where the direct use... →

IEA executive director Dr Fatih Birol

Eskom expects 2021 replacement of generators at nuclear plant

By: Reuters 10th September 2020 Power utility Eskom said on Thursday it was on track to install six new steam generators at its Koeberg nuclear power plant in 2021, with the first already in transit and expected to arrive in Cape Town later this month. The R4.3-billion project, which was unsuccessfully challenged in court by... →

Afrimat Construction Index tanks in Q2, but predicts ‘strong performance’ ahead

By: Irma Venter 10th September 2020 The second-quarter (Q2) Afrimat Construction Index (ACI) has dropped sharply on the back of the national lockdown regulations imposed between April and June to deal with the Covid-19 pandemic. JSE-listed openpit miner Afrimat produces industrial minerals, bulk commodities and construction materials. →

Growthpoint posts solid result despite difficult operating environment

By: Tasneem Bulbulia 9th September 2020 JSE-listed Growthpoint Properties achieved a 5.4% growth in revenue and R5.5-billion in distributable income for the full year to June 30. Taking additional new shares issued during the period into account, this translates to distributable income per share of 183.1c, which is 16% lower year-on-year. →

Norbert Sasse

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