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Rubik mixed-use development, South Africa

By: Sheila Barradas     7th June 2019 Abland plans to build a mixed-use development with retail, commercial and residential components in Cape Town's central business district. 

‘Black public’ offer for shares in Barloworld property spin-off oversubscribed

By: Terence Creamer     5th June 2019 Industrial group Barloworld reports that the public-offer component of its Khula Sizwe Property Holdings empowerment transaction was oversubscribed, with over 50 000 applications received and the R164-million funding target met. The offer, which was open to black investors only, closed on May 31.... 

Cape Town's 'The Onyx' sells out its apartments in a property recession. But why?

By: Creamer Media Reporter      4th June 2019 There’s been a fair amount of hype about what’s going to be the tallest or largest building in Cape Town over the past few years, but little is made of the re-inventions of current spaces into glorious city-changing landmarks.  The master architect of urban regeneration, Robert Silke, is... 

Lower production to cut Wescoal’s full-year earnings

By: Tasneem Bulbulia     31st May 2019 Lower production and lower sales volumes have contributed to a decrease in JSE-listed Wescoal’s headline earnings per share (HEPS) and earnings per share (EPS) for the financial year ended March 31. The group, which will release its results on June 25, on Friday said it expected its HEPS to be... 

Commentators differ on whether recent price slide indicates palladium bubble has burst 

By: Simone Liedtke     31st May 2019 Much price volatility is predicted for palladium – primarily an industrial metal for use in autocatalysts – over the next year, driven particularly by unpredictable trade sentiment as the US/China dispute unfolds, says multidisciplinary research team Afriforesight's chief precious metals analyst... 

YES adds Blossom Care, Buddibox initiatives to its Tembisa hub

By: Marleny Arnoldi     28th May 2019 The Youth Employment Service (YES) on Tuesday launched two additional initiatives at its flagship hub in Tembisa. The additions of Blossom Care Solutions and Buddibox will result in an additional 50 direct and 300 indirect jobs being created. 

South Africa’s mining production beats expectations

By: Simone Liedtke     9th May 2019 Even though mining production continued to contract in March, dropping by 1.1% year-on-year, the March performance is considerably better than the 7% contraction that economists forecast. The production decline softened unexpectedly against February’s 8.1% year-on-year plunge, revised upwards... 

March manufacturing output better than expected 

By: Mariaan Webb     9th May 2019 South Africa’s manufacturing output is continuing on a positive trend, with March output increasing by 1.2% year-on-year, beating market expectations of a contraction of 0.2%. The largest positive contributions were made by energy-intensive industries, which commentators say is surprising, given... 

South Africa’s energy transition won’t be ‘just’ in absence of inclusive social dialogue  

By: Terence Creamer     7th May 2019 South African Federation of Trade Unions general-secretary Zwelinzima Vavi has called for urgent social dialogue on South Africa’s “inevitable” energy transition from coal to renewable energy, warning that the country’s current framework will fail to deliver a just outcome for workers and poor... 

Wescoal adds Nedbank’s Lentsoane, South32’s Sibisi to management

By: Simone Liedtke     7th May 2019 JSE-listed mining group Wescoal on Tuesday announced the appointment of Enos Lentsoane as the company’s new executive head of commercial and investments, effective from May 1. Lentsoane will be responsible for identifying potential acquisitions, partnerships and investments that align with... 

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