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AECOM helps develop richest square mile in Africa in Sandton

By: Creamer Media Reporter      21st September 2018 Integrated infrastructure delivery company AECOM has played an important role in the development of Sandton in Johannesburg, touted as one of Africa’s richest square miles, and characterised by continuous growth. Flagship projects for AECOM here have been 129 Rivonia Road, known as The Marc,... 

Cronin lifts veil on new draft expropriation law

By: News24Wire      18th September 2018 A new expropriation bill, set to be tabled in Parliament in the next two months, will set out a clear procedure for land expropriation without compensation and ensure it is an “administratively just process”, according to Deputy Minister of Public Works Jeremy Cronin.  Earlier this month a draft... 

Delivering healthcare that is right for Africa, WSP

12th September 2018 Eliminating barriers and ultimately increasing access to quality health services, for all, is a key pillar that requires significant focus if the aspirations laid out in the Agenda 2063 are to be achieved. It is also crucial if a prosperous future of inclusive and sustainable growth, where all... 

Uncertainty over land expropriation to deter investment – IHS Markit

By: Marleny Arnoldi     24th August 2018 The threat of land expropriation without compensation (EWC) is likely to deter investment up until the 2019 elections and a while afterwards, says global information provider IHS Markit. “Uncertainty over property rights is likely to deter fixed investment, limit government revenue and lower... 

Voltex's Smart Metering Systems powers up customers

By: Creamer Media Reporter      22nd August 2018 Property portfolio managers and tenants in both commercial and residential precincts across the country are facing punishing escalations in water and electricity tariffs on an annual basis. Consequently, making every cent count has never been more important, nor has the need to ensure that... 

Property developer celebrates completion of R250m Sandton apartment skyscraper

By: Nadine James     10th August 2018 Property development company Masingita Group subsidiary Masingita Properties hosted a roof-wetting last month to celebrate the completion of its R250-million luxury apartment skyscraper, Masingita Towers, which is situated in West Road South near the Sandton central business district. The project... 

New appointments to help ship repair focus

3rd August 2018 Transnet National Ports Authority (TNPA) has announced its new appointments and rotational changes to current harbour masters, all effective July 1, 2018.   

Growthpoint takes first Cape Town commercial property off the water grid

By: Natasha Odendaal     19th July 2018 The District building, in Woodstock, has become the first of Growthpoint Properties’ commercial properties in Cape Town to shift off the municipal water grid and become water net-positive. The property giant on Thursday said the 1 750 people using the multitenant office and retail building... 

Property sector must do more on transformation – PSCC

By: Schalk Burger     12th July 2018 The South African property sector is making reasonable efforts towards transformation, but it needs to pick up the pace, says the Property Sector Charter Council (PSCC). The PSCC this week released the results of its ‘2016-2017 State of Transformation Report’, which sampled institutional... 

Growthpoint Properties Australia outperforms major share market indexes

By: Marleny Arnoldi     10th July 2018 Growthpoint Properties subsidiary Growthpoint Properties Australia’s (GOZ’s) total returns have outpaced the major Australian real estate investment trust and share market indexes.  

TNPA appoints national ship repair executive manager

By: Marleny Arnoldi     27th June 2018 Transnet National Ports Authority (TNPA) has promoted Richards Bay Port manager Preston Khomo to national ship repair executive manager.  

Ongoing fuel cell developments kindle hope for platinum demand 

By: Martin Creamer     26th June 2018 Ongoing hydrogen fuel cell developments across the globe are kindling hope for an eventual significant increase in platinum demand. This month alone, Hyundai Auto Canada took part in the official opening of Canada's first retail hydrogen fuelling station operated by Shell and Hydrogen Technology... 

WSP celebrates 1 million m2 of Certified Green Space in Africa

18th June 2018 WSP in Africa, one of the largest multi-disciplinary engineering consultancies on the continent, is celebrating a milestone million square meters (1 million m2) of Certified Green Space in Africa. WSP sustainability consultants and engineers have been hard at work for over a decade; setting... 

Gladafrica Group Calls For Collaboratative Technological Solutions To Reshape The Built Environment Industry

5th June 2018 This year’s annual SAPOA convention and property exhibition promises to tackle some of the toughest challenges in the industry and will allow delegates to delve deeper into the world of technology to enable more futuristic, and diversified thinking in the commercial property environment. This... 

Growthpoint sees Gauteng East Rand as hotspot for industrial properties

By: Simone Liedtke     20th March 2018 Growthpoint sees Gauteng East Rand as hotspot for industrial properties Gauteng’s East Rand was a hotspot for industrial property leasing in 2017, says Growthpoint Properties, which concluded 70 deals – 40 new and 30 renewals – in the area during the year. 

CoreSlab capabilities at the core of another fast-track commercial property development

16th March 2018 Golden Bay Property Developments is known for an ability to accelerate its property projects to swiftly supply a significant demand for office and industrial space in Pololwane, Limpopo’s capital city.This latest project will provide 40 additional offices to a growing number of small, medium and... 

Growthpoint's distributable income increases to R2.9bn in H1

By: Simone Liedtke     28th February 2018 JSE-listed Growthpoint's distributable income increased by R281-million, or 10.6%, to R2.9-billion, in the six months ended December 31. Distributions per share grew by 6.5%, with Growthpoint declaring an interim dividend of 101.2c a share for the six months under review. 

Trends in commercial property and the changing nature of risk

8th September 2017 Pieter van den Berg – Commercial Segment Lead, Eaton Africa Region The business and commercial property landscape is changing as a result of mass urbanisation and population growth, in fact 64.3% of the current South Africa population lives in urban areas. As a result buildings are now being... 

Western Cape dams only a third full

By: News24Wire      5th September 2017 The Western Cape's dams are only at an average 33.6% full as the rainy season draws to a close, the province's MEC for Local Government Anton Bredell said on Monday. At the moment, Theewaterskloof Dam is currently at 26% (2016: 51%); Voëlvlei Dam is at 26% (2016: 65%) and Clanwilliam Dam 38%... 

Level 5 water restrictions implemented in Cape Town

By: News24Wire      4th September 2017 Further water restrictions for domestic and commercial users have been implemented in Cape Town, Mayor Patricia de Lille announced on Sunday. “[These include] the institution of Level 5 restrictions and a further increase in pressure management,” she said. 

Philips Lighting South Africa Signs Up As Platinum Sponsor Of Africa LED Expo

8th August 2017 Philips Lighting South Africa (Pty) Ltd has been announced as Platinum Sponsor of the Africa LED Expo for the next two years. The Africa LED expo is a focused exhibition for professionals to see the latest developments and innovations in the LED lighting industry. The expo will take place from... 

Interest in property increases developer offerings

By: Victor Moolman     4th August 2017 An increase in land-controlling developers that are willing to sell turnkey solutions has been observed by residential and commercial property consultant Knight Frank. 

Variance rates measured in eight metropolitan municipalities

4th August 2017 The South African Property Owners Association (Sapoa) has compared the level of rates and taxes levied in each of the eight metropolitan municipalities of the country which reveals some variance in the cents in the rand rate across the main property types. 

Company leads by example in new green premises

By: Robyn Wilkinson     30th June 2017 Engineering consultant WSP Africa will be moving into its new head office in Knightsbridge office park in Bryanston, in September, providing its clients with a stellar example of a sustainable building project.  

Accelerate Property Fund reports strong FY performance, sees tough times ahead

By: Megan van Wyngaardt     14th June 2017 JSE-listed Accelerate Property Fund on Wednesday boasted strong financial results for the year ended March 31, with its year-on-year distribution per share up 7.3% to 57.75c apiece. Since listing in December 2013, its portfolio has grown from R5.5-billion, at a share price of R4.88 apiece, to... 

Innovation, home-grown solutions to be showcased at event

5th May 2017 Conference and exhibition African Utility Week, held in Cape Town from May 16 to 18, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry... 

Telecommunications giant sponsors African Utility Week

5th May 2017 Telecommunication provider Huawei has signed a platinum sponsorship with African Utility Week (AUW), which is the leading conference and trade exhibition for African power, energy and water professionals, taking place from May 16 to 18 at the Cape Town International Convention Centre.  

Sapoa says comments were ignored in new property Bill

By: Megan van Wyngaardt     20th April 2017 The South African Property Owners Association (Sapoa) says that while it supports the aims of the Property Practitioners Draft Bill, published for comment on March 31, the current version of the draft Bill does not take any of Sapoa’s previous recommendations into account. The Bill, which will... 

South Africa’s property investment sector returns dropped to 11.1% in 2016

By: Creamer Media Reporter      13th April 2017 Rteurns in the South African property investment sector hit the lowest level since 2009 after falling from 13% in 2015 to 11.1% in 2016, a 190 basis point decline, the latest IPD South Africa Annual Property Index shows. NYSE-listed MSCI, which compiled the report, noted this week that “it was... 

Property body investigates municipal rates and taxes

By: David Oliveira     24th March 2017 The South African Property Owners Association (Sapoa) announced last month that it had reappointed specialist consultants Rates Watch to monitor rates policies for the next five years, owing to the negative impacts of rising municipal rates and taxes on operating costs, gross rentals and property... 

Sandton is still on the rise and home to half of SA’s current commercial property development

2nd March 2017 Nearly half of all the office development taking place in South Africa right now is happening in Sandton. Sandton Central is the epicentre of this development, which includes many of the most cutting-edge, exciting and innovation new buildings on the continent. The latest research in the South... 

Growthpoint posts distribution growth of 6.1% for H1

By: Megan van Wyngaardt     1st March 2017 JSE-listed real estate investment trust (Reit) Growthpoint Properties on Wednesday reported distribution growth of 6.1% for the six months to December 31, delivering performance comfortably in line with market guidance. Growthpoint achieved an increase in total distributable income of 10% from... 

African Utility Week Industry Awards include new gas, small scale and ICT categories to reflect evolution of energy and water sectors

20th February 2017 Nominations are open for top industry professionals and projects   “I know the energy revolution is powering up and ready to take off. We should embrace energy trade with each other”.  With these words Mr Kandeh Yumkella, UN Under-Secretary-General and Former Special Representative of the... 

Expo and conference to focus on major industry trends

3rd February 2017 In line with significant changes in the power and energy landscapes in Africa, this year’s African Utility Week (AUW) conference and expo will focus on the latest challenges, developments and opportunities in the power and water sectors. “The availability of private investment for power and... 

Energy Revolution Africa 2017 explores the future of renewable energy for the continent

18th January 2017 Everything you want and need to know about renewable energy and the future of energy development and growth in Africa comes under the spotlight at Energy Revolution Africa 2017. This co-located event to African Utility Week will be hosted for the first time in Africa in Cape Town from 16 to 18... 

African Utility Week to host launch of YEPP for young power pros and graduates wishing to solve Africa’s energy challenges

18th January 2017 African Utility Week to gather 7000+ power professionals in Cape Town “Youth unemployment on the continent is a major epidemic and internship opportunities are an amazing solution to help maximize human capital development on the continent” says Daniel Antwi, co-founder of the Africa Internship... 

African Utility Week returns to Cape Town in May and showcases how community scale projects are the continent’s energy future

18th January 2017 Expo and conference to focus on major industry trends “The power and energy landscape in Africa is undergoing significant change” says Evan Schiff, African Utility Week event director, adding that current trends include “the availability of private investment for power and energy projects, the... 

Property developers shift focus to manage economic risk

By: Robyn Wilkinson     9th December 2016 There has been a slowdown in the development of commercial properties as developers shift their focus to residential, healthcare and industrial projects to best manage risks in South Africa’s economic climate, says business management consultant WSP | Parsons Brinckerhoff Africa regional director... 

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