Increasing infrastructure investment would boost South Africa’s potential growth, OECD survey …

Higher levels of infrastructure investment are needed to increase South Africa’s potential growth, the Organisation for Economic Cooperation and Development’s (OECD’s) latest survey of South Africa asserts. Released on July 31, the report warns that the South African economy could contract by as much as 8.2% in 2020 and that both domestic risks, such as ongoing electricity load-shedding, and external risks, such as new Covid-19 outbreaks that affect South Africa and its trading partners, could weigh on the country’s economic prospects.

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Bell Equipment dismisses takeover offer rumour

Listed industrial group Bell Equipment on Friday dismissed rumours that it had received an offer for a shareholding in the company.

Bell was responding to an article that appeared in financial daily Business Day, which reports that the group had received a takeover offer from Chinese firm LiuGong months ago, citing a shareholder.

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Business for South Africa issues call to action on local procurement

Business for South Africa (BSA) has issued a call to action for corporate South Africa to undertake four actions to assist local procurement during the Covid-19 pandemic.

The BSA, an alliance of the main business groups, is calling on companies to review their procurement practices and to give preference to local manufacturers.

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DBSA disburses R4.5bn to Johannesburg, Tshwane for infrastructure

The Development Bank of Southern Africa (DBSA) has made available R4.5-billion in loans to two Gauteng metropolitan municipalities to fund large-scale infrastructure programmes. The City of Johannesburg (CoJ) will receive R3-billion and the City of Tshwane (CoT) R1.5-billion, the development finance institution announced on Friday.

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V&A Waterfront to launch food incubator

The V&A Waterfront will develop the Makers Landing, a local food incubator for South African flavours and culture, as part of the Cape Town Cruise Terminal. This is expected to be completed by September and open to the public by December.

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Sector looks forward to working with govt

Industry organisation, The Concrete Institute, is highly encouraged by the Sustainable Infrastructure Development Symposium South Africa (Sidssa) and looks forward to partnering with government to turn words and policies into actionable and investable projects as identified in Sidssa’s new infrastructure pipeline, says The Concrete Institute MD Bryan Perrie. Sidssa is a yearly flagship event organised by the Investment and Infrastructure Office within The Presidency that brings together critical role players in the infrastructure investment space who are galvanised around a key goal of accelerating an infrastructure-led economic recovery plan.

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Construction rubble is functional, says demolition expert

While a large proportion of demolition and construction rubble is allocated to registered landfill sites, it is critical to note that this material is often used to rehabilitate the landfill sites, says demolition solutions provider Jet Demolition contracts manager Kate Bester.   She explains that the vast majority of registered landfill sites have very strict controls over the quality and quantity of material they can accept. This means that there is usually a very strict grading and size limitation to the material they accept, with most material being crushed before it is delivered to the landfill sites.

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Online courses upgrade skills in concrete technology

The School of Concrete Technology is offering ten online courses to assist those in the concrete industry, and concrete-related industries, in upgrading their skills. The courses are offered on the school’s online platform and are supplemented with online lectures that are used to explain important concrete technology concepts and answer any questions that the students may have.

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Steely resolve, innovation continue despite lockdown

Although production came to a halt over the past two months, light-steel-frame building materials supplier Etex South Africa – formerly known as Marley Building Systems – continued planning and innovating throughout the Covid-19 lockdown so that it would be well positioned to take advantage of any opportunities on the horizon. “Much work has been done by the teams at Etex South Africa over the past two months to take advantage of any opportunities for material supply,” says Etex South Africa metals product manager Garry Powell.

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Advocacy for women to ramp up going forward

Following the negative impact of Covid-19 on the commercial and industrial property sector, industry body Women’s Property Network (WPN) aims to ramp up its advocacy work going forward to further promote and support the interests of women working in the sector. WPN national chairperson Nonhlanhla Mayisela believes that women, among other previously disadvantaged groups and minorities, are likely to suffer the worst of the economic fallout from the pandemic.

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