Vukile renovates Pinetown mall

Vukile Property Fund has completed renovations at its Pine Crest shopping centre, in Pinetown, in KwaZulu-Natal and has rebranded it as Pine Crest Embizweni.

The R200-million, 14-month multifaceted refurbishments began in January 2018 and included the addition of a new floor of retail beneath the original centre and a stylish overall design.

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Desalination is getting cheaper, says expert

The costs of desalination are dropping in several countries, with the ultimate goal to supply water from desalination plants at a cost of 40 US cents per kilolitre. Dawid Bosman, senior manager: strategic advisory for Trans-Caledon Tunnel Authority (TCTA) told the Water Desalination/RO Membrane & Wastewater Reuse Conference in Cape Town that the typical range of desalination water exit price is between 60 US cents and $1.20.

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Prevost urges coal producers to focus on local demand

South African coal producers should focus on supplying local industries and State-owned power utility Eskom, given the changing and uncertain export environment, XMP Consulting senior coal analyst Xavier Prevost said on Wednesday. Speaking at the inaugural Coal Industry Day hosted by Resources 4 Africa at the Johannesburg Country Club, he pointed out that both China and India – the latter of which buys about 46% of South Africa’s coal exports – plan to reduce their coal import volumes.

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BRPs expect Group Five asset sales to raise R1.2bn in proceeds

Business rescue practitioners for embattled construction company Group Five on Wednesday announced that further sales of non-utilised assets were effected in the last month, with total proceeds of R1.2-billion now realisable on a cumulative basis. The company has previously said that numerous disposals are subject to final agreement or conditions precedent in order to be concluded and that, where applicable, proceeds received from assets subject to security agreement will, or have been, used to reduce the relevant secured debt.

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Survey confirms South African building, construction industry’s ‘woeful state’

The Construction Industry Development Board’s (CIDB’s) small and medium-sized enterprises (SME) conditions survey for the second quarter has confirmed the “woeful state” of the South African building and construction industry. Building confidence decreased to 30 index points, from 33 in the first quarter, particularly as building activity slowed even further. CIDB construction industry performance project manager Ntando Skosana on Tuesday noted that, “with the exception of a marginal uptick at the end of 2018, general builder (GB) sentiment has trended downwards since the beginning of 2017”.

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IFC contributing $9m to Zambian hotel, conference centre development

The International Finance Corporation (IFC) on Tuesday announced that it would contribute $9-million towards the construction of a hotel and conference centre on the outskirts of Lusaka, in Zambia. Being built by Protea Hotels Zambia, the new hotel will help meet the growing demand for business infrastructure in Zambia, while creating jobs for the youth and opportunities for hotel services and goods providers.

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Transnet and IFC team up in effort to catalyse Richards Bay LNG PPP

The International Finance Corporation (IFC) has made a $2-million cost-sharing commitment to support the completion, by Transnet, of a feasibility study into the development of a liquefied natural gas (LNG) storage and regasification terminal at the Port of Richards Bay, in KwaZulu-Natal by 2024. The financial support will also be used to prepare the way for a competitive bidding process designed at securing private-sector equity participation in a special purpose vehicle (SPV) that will be created to build and operate the so-called Richards Bay Natural Gas Network (NGN) for 15 to 20 years.

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Sessa warns consumers to choose wisely when hiring a solar PV system installer

The Sustainable Energy Society of Southern Africa (Sessa) has launched an awareness campaign called “Clued-up on solar”, which aims to raise consumer awareness about the importance of choosing credible solar infrastructure suppliers and installers. Sessa has urged consumers to check suppliers and installers’ credentials and affiliations, such as Sessa membership, for example, before choosing a contractor.

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Inquiry into fatal Durban building collapse nears completion

An inquiry into the collapse of a building in the south of Durban last year that left four people dead is set to conclude next week, the department of employment and labour has said.  The collapse of the Imperial Logistics Construction building resulted in the deaths of Bhekuyise Moses Sibiya, France Mokhuthu Sekalu, Constandino Mapukula and Siyabonga Bhane. Four other workers were injured.

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Tribunal approves economic alliance between WBHO, Trencon

The Competition Tribunal has approved the formation of an economic alliance between WBHO Construction and Trencon Construction. Trencon will replace Fikile Construction as an emerging contractor in the WBHO Alliance, with which WBHO initially entered into an agreement.

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