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Equites reports solid growth in H1 distributions a share, strategic acquisitions

By: Marleny Arnoldi     11th October 2018 Despite a challenging economic climate, JSE-listed real estate investment trust Equites Property Fund's portfolio continued to perform well during the six months ended August 31, which translated into an 11.7% year-on-year growth in distributions a share. Distributions a share for the period... 

Park Square: A Landmark Designed With People In Mind

By: Creamer Media Reporter      11th October 2018 Park Square, uMhlanga’s newest business and lifestyle development is due to open its doors in November 2018. Interfacing beautifully with its surrounds, the development offers a future-forward, people-centred destination where the surrounding communities and professionals can shop, work and... 

Emira concludes portfolio rebalancing with BEE deal, acquisition of Transcend stake

By: Tasneem Bulbulia     9th October 2018 Emira Property Fund is selling a sizeable R1.8-billion portfolio of 25 office assets to a new majority black-owned entity, Shankly Property Investments, which was specifically set up for this purpose. This concludes the diversified real estate investment trust’s (Reit’s) programme of rebalancing... 

Construction on Phase A of R1.4bn Umgeni commercial development nearing completion

By: Tasneem Bulbulia     9th October 2018 Construction on the R1.4-billion Umgeni Lifestyle and Deco Park is under way, with completion of Phase A expected this month and the grand opening set for November 1. This commercial concept is a first-of-its-kind for this region, presenting a safe landscaped zone with green spaces and walkways... 

Emira concludes major portfolio rebalancing with landmark R1.8bn BEE deal

By: Tasneem Bulbulia     9th October 2018 Emira Property Fund is selling a sizeable R1.8-billion portfolio of 25 office assets to a new majority black-owned entity, Shankly Property Investments, which was specifically set up for this purpose. This concludes the diversified real estate investment trust’s (Reit’s) programme of rebalancing... 

Concord Cranes supports refurbishment of 102-m-high digester jib crane

8th October 2018 Concord Cranes has deployed its advanced lifting services and expertise to assist with the refurbishment of a fixed digester jib crane in Richards Bay, KwaZulu-Natal. This complex project, involving what is deemed to be one of the highest structures in the region, was completed in May 2018. The... 

Kemach JCB’s commitment to service builds long-term customer relationships

5th October 2018 Kemach JCB’s strong service ethic provides a solid foundation on which the company builds and maintains sound long-term relationships with customers like Lusthof Civil & Plant Hire. Founded by Anton Schonken, Lusthof Civil & Plant Hire specialises in quarry and gravel road building projects,... 

Nzimande wants urgent report on Kempton Park train crash

By: News24Wire      5th October 2018 Transport Minister Blade Nzimande wants an urgent report on the Kempton Park train crash after 320 people were injured in the collision between two trains on Thursday. Nzimande is seeking answers from the Rail Safety Regulator (RSR), his spokesperson Ishmael Mnisi said on Friday. "Minister... 

Ntshonweni Urban Development, South Africa

By: Sheila Barradas     5th October 2018 Tongaat Hulett has been given approval to break ground on the first phase of the project. 

Ports’ Customer Forum seeks to align Eastern Cape planning

4th October 2018 Transnet National Ports Authority (TNPA) hosted port clients and representatives of government, business and industry at the Nelson Mandela Bay ports’ Customer Forum on 28 September in the Port of Ngqura. The session aimed to align TNPA’s plans to meet the business requirements of port users.... 

Integrated Solutions Key To Growing Africa’s Power Generation

4th October 2018 As African countries work to develop their power generation capacity in the most cost effective ways, the key will be to find integrated solutions that attract investment throughout the value chain. According to Alastair Gerrard, integrated solutions executive at Zest WEG Group, the energy sector... 

Jaguar I-Pace EV drives from JHB to Durban on two charges 

By: Irma Venter     3rd October 2018 Jaguar has successfully completed the long-distance journey between Johannesburg and Durban in its all-electric I-Pace, using the recently announced Powerway network to charge the vehicle. The pre-production Jaguar I-Pace, in South Africa for testing and homologation purposes, began its trip with... 

Family Values and a Shared Passion for Africa Shine in New South Africa Partnership

3rd October 2018 Haver & Boecker Enters Joint Venture with   South Africa-Based Portland Packaging (Pty) Ltd 

Sumitomo Rubber Unveils R970 million Tyre Production Facility in Ladysmith

2nd October 2018 Sumitomo Rubber South Africa (PTY) LTD (SRSA), manufacturer of the popular Dunlop, Sumitomo and Falken tyre brands, officially launched its new, state-of-the-art Truck and Bus Radial (TBR) factory in Ladysmith, KwaZulu-Natal on Tuesday, 02 October 2018. This second phase of SRSA’s... 

Umhlanga’s N2/M41 Interchange – Connecting Communities, Improving Lives

By: Creamer Media Reporter      1st October 2018 Roads are the hallmark of a progressive society and have profound impacts on the communities they serve. The almost complete Mount Edgecombe N2/M41 Interchange at uMhlanga on KwaZulu-Natal’s rapidly expanding North Coast, is one such development that will have a significant impact on this area’s... 

Babcock and ZAC partnership a success story

By: Creamer Media Reporter      1st October 2018 Striving to find effective, flexible solutions to customers’ unique needs underpinned Babcock’s recent partnership with Zululand Anthracite Colliery (ZAC). Earlier this year ZAC celebrated an impressive average of 5 000 machine hours worked in the space of just one year, with zero downtime while... 

Layher (Pty) Ltd

28th September 2018 Established over 70 years ago, Layher is the world’s largest producer and innovator of high-quality system scaffolding. Since its establishment, Layher has pioneered advanced scaffolding systems and is consistently at the forefront of innovation, safety and quality. All Layher material is... 

N2 Wild Coast Toll Road megabridges project, South Africa

By: Sheila Barradas     28th September 2018 The tender for the Msikaba bridge has been awarded. 

AfDB extends R2.87bn loan to Eskom to expand its transmission network

By: Tasneem Bulbulia     27th September 2018 The African Development Bank (AfDB) has approved a R2.87-billion loan for South Africa’s State-owned power utility Eskom for the upgrade and expansion of its transmission facilities. The funding supports the Eskom Transmission Improvement Project (ETIP), which will see the construction of 555 km... 

The lights are on at Sibaya Coastal Precinct!

By: Creamer Media Reporter      25th September 2018 The first residents of Sibaya Coastal Precinct are officially taking occupation of their brand new residences in OceanDune, and the lights are effectively on in the highly anticipated Precinct which is developing at a rapid rate along the M4! Tongaat Hulett Development Executive, Dayalan Chetty... 

PRASA 'indefinitely' suspends trains in KZN

By: News24Wire      25th September 2018 There will be no trains in the entire province of KwaZulu-Natal on Tuesday, the Passenger Rail Agency of South Africa (PRASA) confirmed to News24 on Monday evening. PRASA provincial spokesperson Zama Nomnganga said they have indefinitely suspended all their operations in KZN. "Yes, we have done... 

Concord Cranes gives a lift to N2 Mtunzini-to-Empangeni upgrade

21st September 2018 Our impressive 440T mobile cranes were deployed on the N2 Mtunzini-to-Empangeni upgrade project in KwaZulu-Natal for main client SANRAL. Construction commenced in 2016 and completion is due in 2019. According to SANRAL, this has been acknowledged as one of the largest road infrastructure... 

Company eyes expansion into Africa

By: Evert Wasserman     21st September 2018 Owing to its ability to adhere to State-owned power utility Eskom’s stringent electrification infrastructure requirements, electrical solutions and engineering provider Gridbow has expanded its services into other African countries. “Contrary to popular belief, Eskom has very stringent rules with... 

First corrosionproof AHU developed

By: Paige Müller     21st September 2018 After significant research and development into a new air handling unit (AHU), Pietermaritzburg-based air conditioning contractor TROX South Africa now offers the market the non-metallic XeCube AHU, which has a high level of structural integrity, is impervious to corrosion and is significantly... 

Kelvin power station coal-to-gas conversion project, South Africa

By: Sheila Barradas     21st September 2018 A feasibility study has been initiated into the prospect of converting the Kelvin power station into a 450 MW to 600 MW gas-fired power station. 

Engen Ballito gets a Woolies Foodstop

20th September 2018 The people of Ballito in KwaZulu-Natal are set to reap the yummy goodness of a 24-hour Woolworths Foodstop, which has been added to the recently upgraded Engen Ballito. Engen Ballito is located on Douglas Crowe Drive, Dolphin Coast.  The new Woolies food offering was officially opened on 13... 

Shedding Light on Durban’s Emerging Aerotropolis

By: Creamer Media Reporter      20th September 2018 There is currently much being said about Durban’s emerging aerotropolis. Mooted to spearhead significant economic and social transformation in KwaZulu-Natal, it is worth unpacking exactly what an aerotropolis is and what the benefits to the province will be. An aerotropolis is a strategic,... 

Sitatunga Resources branches out into manganese

By: Marleny Arnoldi     18th September 2018 Exploration and mining project development company Sitatunga Resources has bought the East Manganese project, in Hozatel, Northern Cape, from Southern Ambition, marking the first step in the company’s strategy to build a manganese portfolio in the province. The deal, which was signed on August... 

Large Bridges Showcase Concor Infrastructure Expertise On N2 Road Contract

17th September 2018 Concor Infrastructure has made solid progress constructing and extending more than eleven structures, including two large bridges and four overpass bridges, on the exciting N2 highway upgrade between Mtunzini and Empangeni in KwaZulu-Natal. This substantial South African National Roads Agency SOC... 

Failure not an option at DCT berth deepening project, says TNPA

By: Shirley le Guern     11th September 2018 Transnet’s R7-billion megaproject to create deeper berths at the Durban Container Terminal (DCT) Pier 2’s North Quay will create some disruption and require close collaboration. However, given that this is the first project to be funded by the Brazil, Russia, India, China and South Africa's New... 

Conservative hiring intentions by employers anticipated in the last quarter - survey

By: Marleny Arnoldi     11th September 2018 South African employers expect conservative hiring intentions, across all industries nationally, for the fourth quarter, the ManPowerGroup Employment Outlook Survey (MEOS) has found. Fourteen per cent of employers expect to increase staffing levels, 8% forecast a decrease and 78% anticipate no... 

Afrox achieves double-digit HEPS growth amid subdued economic environment 

By: Simone Liedtke     10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... 

African Chemicals Imbizo: The Gateway to Africa

7th September 2018 eThekwini Municipality and the Durban Chemicals Cluster will host the continent’s largest chemicals manufacturing event focussed on driving chemicals manufacturing growth and trade. The fourth African Chemicals Imbizo 2018 takes place on 24 October 2018 at the Durban ICC. It will strengthen ties... 

Manganese star performer, more stability in iron-ore price – Assore

By: Martin Creamer     6th September 2018 Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting... 

Upat keeps Riggers Steeplejacks up high with total solution

6th September 2018 A specialist supplier of suspended access systems, Riggers Steeplejacks makes extensive use of fischer construction fasteners, Milwaukee power tools, and Stabila measuring tools, all distributed exclusively by leading local supplier Upat, to enable it to offer complete solutions to its clients.... 

Assore posts record sales, output, earnings, dividend

By: Martin Creamer     6th September 2018 Diversified mining company Assore on Thursday posted record-upon-record in what has been an outstanding 12 months for the JSE-listed chrome ore, manganese ore and iron-ore producer that also bettered its lost time injury frequency rate in the period but sadly suffered a fatality. The 12 months to... 

Rand-Air moves on to ever 'hire' levels of customer service with brand new Durban depot

5th September 2018 The staff at Rand-Air's Durban depot have set themselves ambitious targets. Branch Manager Rudi Devry and his team have recently taken occupation of new premises, a move which will assist in realising their growth objectives. Devry explains that their former premises were rented and, after six... 

Fairvest maintains solid results for FY18

By: Simone Liedtke     4th September 2018 South African real estate investment trust Fairvest Property on Tuesday announced solid results for the year ended June 30, with annual distributions increasing by just over 9.9% to 20.15c a share. Fairvest continues to deliver sector-beating growth in distributions, while advancing the portfolio... 

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