Aspasa calls for more oversight, increased awareness of legislation

The sand industry, while subject to the Mining and Petroleum Resources Development Act, is still suffering from a lack of “control” or oversight, Aggregate and Sand Producers Association of South Africa (Aspasa) director Nico Pienaar told the CDE sand-washing conference on Wednesday. He noted a recent discussion with Chief Inspector of Mines David Msiza in which he was alerted to an operation in Polokwane that was removing sand from a riverbed across from its actual permit area and jeopardising the structural soundness of a provincial bridge.

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Canal Sugar to build grains terminal in Egypt’s Damietta

Canal Sugar, owned by Dubai-based Al Khaleej Sugar Refinery, plans to build a pier and grains terminal in Egypt’s port city of Damietta with $200-million in investments, its CEO said on Tuesday. The new terminal will have a discharge capacity of 3,000 tonnes of grains per hour, the CEO, Islam Salem, told a news conference.

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Dangote targets consumers to raise Nigerian market share

Dangote Cement will sell to consumers directly to boost growth and overcome tough competition in its home market, the company ‘s chief executive officer said. Africa’s biggest cement maker is seeking to increase Nigerian market share from 63% to 65% with new strategies implemented at the end of the second quarter, CEO Joe Makoju said on an investor call in Lagos on Tuesday. The measures are already yielding positive results, he said. Dangote’s dominance of the Nigerian market has declined from 66% in June 2018.

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Liberty Two Degrees on track to deliver forecast full-year distributions

Precinct-focused, retail-centred real estate investment trust Liberty Two Degrees (L2D) achieved a strong operational performance for the six months ended June 30, despite depressed market conditions.

L2D on Monday declared an interim dividend of 29.31c apiece for the reporting period, in line with guidance for the full-year.

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Dipula offers to buy out Reit SA Corporate in R9bn deal

Real estate investment trust (Reit) Dipula Income Fund has made an offer to acquire fellow Reit SA Corporate in an all-share deal valued at about R9-billion. On a combined basis, Reit SA Corporate shareholders will own about 67% of the merged entity post the proposed transaction, with its shareholders to significantly benefit from a post-merger implementation value unlock.

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Stefanutti raises R120m in project funding

Construction and engineering company Stefanutti Stocks on Friday advised that it had received R120-million as specific ring-fenced project funding through the first component of its funding plan. Other projects are also being evaluated to potentially raise additional ring-fenced project funding as part of the funding plan, the remaining aspects of which were being pursued separately.

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Desalination could be an option for KZN, but not in the near future

Desalination may be considered as an option to supply additional water for the growing population in and around Durban, in KwaZulu-Natal, in the long term, but Umgeni Water is continuing with plans for more traditional water schemes for now. Umgeni Water planning services manager Kevin Meier this week said the utility had conducted a detailed feasibility study to look at desalination as a bulk water supplier a few years ago. It considered the viability of two large-scale desalination plants – one on the South Coast just outside Durban, and the other near Tongaat on the North Coast.

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Institute increases training, opens doors to public

Materials testing and materials sector training facility Cermalab intends to open its training courses to the public next year and has started to expand its training institute to offer a variety of courses.

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Mohuba to step down as Sephaku CEO

JSE-listed Sephaku Holdings (SepHold) announced on Thursday that its CEO Dr Lelau Mohuba intended to step down on December 31.

Mohuba said he would be willing take up a nonexecutive position should the company request it.

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Mashaba opens Klipspruit bridge; JRA provides update on M2 repairs

Johannesburg mayor Herman Mashaba and Transport MMC Nonhlanhla Makhuba on Thursday officially opened the newly built Klipspruit bridge, as well as the 300 m stretch of road adjacent to it. Situated in Soweto Wards 11 and 17, the bridge replaced a culvert bridge which flooded yearly during the rainy season. Construction activities began in January 2018 and the reconstruction included the installation of side drains, gabions, stone pitching, pedestrian walkways and concrete kerbs, besides others.

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