Builders Warehouse has opened its latest store in Boksburg, which was developed as a replacement to its former store. The new 15 170 m2 box format store’s design entailed a new layout and look and feel, to align with Builders’ digitalisation and counter-driven strategy.

The Gauteng provincial government has signed a memorandum of intent (MoI) with the University of the Witwatersrand (Wits) for the release of five properties around Constitution Hill, as part of the provincial government’s Rapid Land Release Programme. The agreement, which was signed by Infrastructure MEC Jacob Mamabolo and Wits vice-chancellor and principal Professor Adam Habib, paves the way for the university to conduct a due diligence process and feasibility studies, including a financial model, that will result in the buildings transformed to meet their institutional needs.  

Johannesburg Mayor Herman Mashaba said he is looking forward to seeing cranes across the inner city within six to eight months when construction on more than 20 developments worth around R20 billion is set to begin. Mashaba was accompanied by the MMC for Economic Development Leah Knott, and MMC for Development Planning Reuben Masango, as well as City Manager Dr Ndivhoniswani Lukhwareni as the Joburg Property Company (JPC) welcomed the group of developers and investors who will realise 24 developments to the Joburg inner city in the coming months.

Global crude steel production for the first quarter of this year increased by 4.5% year-on-year to 444.1-million tonnes, global industry body, the World Steel Association (worldsteel), said in a statement on Monday. Asia produced 312.9-million tonnes of crude steel during the first three months of the year, an increase of 7% over the first quarter of 2018.

Property developer Abland expects to start demolition and earthworks on The Rubik mixed-use development, in Loop street, in the Cape Town central business district, in the second half of this year.

In partnership with Nedbank, Abland will erect a new building with retail, commercial and residential components.