Epping Property bemoans industrial business’ hardships

Industrial property specialist Epping Property says the Covid-19 “hurricane” has brought about a whirlwind of uncertainty for businesses, but while a lot of discussion has taken place on the lockdown’s impact on shopping malls, listed property funds and major retailers, not much has been said for the lockdown’s impact on industrial-based businesses and industrial property owners.

It adds that the industrial property sector had been enduring tough economic times well before the Covid-19 pandemic struck.

Powered by WPeMatico

Zithabiseni Resort a workable quarantine site – Mpumalanga Tourism and Parks

The Mpumalanga Tourism and Parks Agency (MTPA) on Thursday assured that the  Zithabiseni Resort and Conference Centre (ZRCC) is a feasible quarantine site for Covid-19 patients. MTPA spokesperson Kholofelo Nkambule revealed that there were 115 people quarantined at the site: 20 of those are foreign nationals and 95 are South Africans.

Powered by WPeMatico

PPC appoints permanent CFO; outlines Covid-19 impact

JSE-listed PPC has appointed Ronel van Dijk as permanent CFO, providing the company with continuity for all activities that she has initiated since first taking up the role of interim CFO on November 1, 2019. With the acceptance of the position as CFO, Van Dijk will also continue to serve as executive director of PPC.

Powered by WPeMatico

Patel offers insight into Level 4 balancing act as South Africans smart over irrational restrictions

Amid growing opposition to some of the restrictions to be imposed as part of South Africa’s Level 4 Covid-19 lockdown, which begins on May 1,  Trade, Industry and Competition Minister Ebrahim Patel has sought to outline the philosophy underpinning the country’s evolving approach to working during the pandemic. Speaking after Cooperative Governance and Traditional Affairs Minister Nkosasana Dlamini-Zuma outraged and confused many by reversing President Cyril Ramaphosa’s proposed easing of a ban on the sale of cigarettes, while announcing the imposition of an irrational three-hour restriction, from 6:00 to 9:00, on outdoor exercise, Patel moved to explain the delicate balancing act government would expect working South Africans to undertake during Level 4.

Powered by WPeMatico

Time to consider TES?

The temporary employment services (TES) model keeps the construction engineering industry alive, providing manpower when required and relocating staff to other projects when demand for their skills decline. There is a huge market for TES in South Africa’s construction engineering industry, owing to the short-term nature of projects resulting in the number of staff required being dependant on a project’s size and duration, says the Confederation of Associations in the Private Employment Sector (CAPES).

Powered by WPeMatico

Property Group extends relief assistance for retail tenants

The Property Industry Group (PI Group) has increased and extended its assistance and relief guideline for retail tenants. The PI Group launched an initial guideline for assistance and relief for retail tenants on April 7 and, in response to the extended lockdown, has now announced new guidelines to offer greater relief to all affected retailers, especially the hardest-hit small-, medium-sized and microenterprise (SMME) retailers.

Powered by WPeMatico

Eskom says all repurposing options on table for Komati, Hendrina and Grootvlei

State-owned power utility Eskom insists that all options are on the table as it considers proposals for the repurposing of three coal-fired power stations – Komati, Hendrina and Grootvlei – that are scheduled to cease producing electricity between 2022 and 2026. The utility issued an expression of interest (EoI) document on March 26, calling on respondents to outline business cases for the repurposing of the power stations in ways that support low-carbon growth, enterprise development and sustainable job creation.

Powered by WPeMatico

Final list of sectors entitled to resume under ‘Level 4’ lockdown to be published next week

The South African government has unveiled initial details of its risk-adjusted approach for resuming economic activity and easing restrictions imposed as part of a hard lockdown, which was instituted on March 26 to combat the spread of the Covid-19 virus. President Cyril Ramaphosa announced on April 23 that South Africa would adopt a model that included five levels, with Level 5 representing a hard lockdown and Level 1 a situation whereby most economic and social activities were able to resume, albeit with ongoing health precautions.

Powered by WPeMatico

Saice supports rapid built environment reopening

The South African Institution of Civil Engineering (Saice) supports the call by the built environment industry for it to be designated as an essential service that can be among the first to restart operations once the lockdown restrictions in South Africa start easing in early May. Before Covid-19 hit local shores, the South African built environment industry faced significant economic challenges that had resulted in business closures and loss of employment for many in the industry.

Powered by WPeMatico

PFERD maintains supplies to essential industries amid and after lockdown

German-owned abrasive product manufacturer PFERD South Africa says that although the impact of the lockdown will be felt throughout all businesses within the country over years to come, there is also an opportunity for local businesses to grow, considering the lack or reduced ability to import goods or source services from international destinations.

Particularly, PFERD says it has a world-class business in South Africa, with the expertise and suite of products available to compete with internationally-sourced products and services.

Powered by WPeMatico