New road paves way into one of the biggest industrial estates in South Africa

JSE-listed real estate investment trust Redefine Properties, together with Abland Property Developers, on Monday unveiled the completed new public road that will improve accessibility to the 1.6-million square kilometer S&J industrial estate, situated along the N3 highway, south of Germiston, in Gauteng.

The construction of the Gosforth road extension started during 2017 and was completed on schedule. The R50-million road will be open to the public from the end of September.

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Poland says door open for South African investors

Poland is open for business and remains committed to open trade between Poland and South Africa, Polish Ambassador to South Africa Andrzej Kanthak said on Friday. Speaking to delegates at the JSE’s first country investment day, in Johannesburg, which focussed on business relations between South Africa and Poland, he noted that Poland is “a stable country which is committed to free market principles, the rule of law, international competition, democracy and free trade”.

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Laser scanning awareness increased in industries

Local engineering and architecture clients are becoming increasingly aware of the concept of laser scanning and the benefits of using it to capture and define real-world spaces into accurate three-dimensional (3D) models, says laser scanning company ArchiScan director Anthony Keyter. “Laser scanning delivers exceptionally accurate measurements and it is a nondestructive, noninvasive and safe method of mapping out structures, ground falls and architecture,” he tells Engineering News.

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Stimulus package to rely on efficiencies not new budgetary resources – Nene

Finance Minister Nhlanhla Nene announced on Thursday that government was “building a pipeline of investment opportunities and infrastructure projects” as part of redoubled efforts to address low levels of investment, which had been identified as the main inhibitor of growth in the recession-afflicted South African economy. Speaking at the Moody’s annual Sub-Saharan African summit in Johannesburg on Thursday, Nene again confirmed that President Cyril Ramaphosa would be announcing the growth package “in due course”.

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Ultra-3000 offered to local, international markets

Concrete products machinery manufacturer Pan Mixers South Africa (PMSA) completed trials for the Ultra-3000 last month, and is offering this “unmatched machine” to the South African and international markets, PMSA marketing and sales manager Quintin Booysen tells Engineering News. The PMSA-Ultra range brick, block and paving machine debuted at the bauma CONEXPO AFRICA 2018, held from March 13 to 16 at the Johannesburg Expo Centre. This launch followed extensive research and development over three years by PMSA.  

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Tongaat’s Ntshongweni urban development gets go-ahead

Agricultural group Tongaat Hulett says it has all approvals in place for its Ntshongweni urban development after 20 years of planning. Tongaat said on Tuesday breaking ground on the mixed use development was due to commence in the first quarter of 2019.

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Attacq delivers maiden distribution of 74c

Real estate investment Trust (Reit) Attacq delivered a maiden distribution of 74c apiece for the financial year ended June 30, exceeding market guidance. This comes on the back of the company’s conversion to a Reit in May.

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

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 Development Bank, failure is not an option, Transnet National Ports Authority (TNPA) CE Shulami Qalinge told a gathering of port stakeholders in Durban on Tuesday.

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Fortress secures blue-chip tenant Vodacom for Louwlardia logistics park

Real estate investment trust Fortress has secured telecoms and services provider Vodacom as a new tenant at its Louwlardia logistics park development, in Centurion, Gauteng, on a five-year lease, with the option to renew for a further five years.

Vodacom will occupy a 17 000 m2 warehouse at Louwlardia from November 1, which it will use as a central storage facility for the equipment used to support and maintain its mobile network.

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Aveng shareholders vote in favour of 14bn shares issue to pay off debt

Construction group Aveng’s shareholders on Monday voted in favour of the resolutions that will give effect to the specific issue of 14.5-billion Aveng ordinary shares.

These shares will be issued to the company’s existing bondholders as part of a process that will see the early redemption of Aveng’s existing convertible bonds that are due to mature in July 2019.

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