Company set for expansion despite difficulties

Despite Africa’s holding much promise in terms of business development, the business dynamics in African countries have been severely affected by the effects of Covid-19.

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Emphasis placed on supplying products to address industry issues

South Africa’s civil structures are in dire need of improved performance and longevity, hence building materials company AfriSam’s emphasis on supplying quality products that “go beyond current requirements”. Speaking to Engineering News, AfriSam regional product technical manager Nithia Pillay says this is because AfriSam “wants to be associated with quality products and address current challenges”.

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Bank to play pivotal role in recovery plan

State-owned development finance institution Development Bank of Southern Africa (DBSA) is looking to accelerate playing a meaningful role in the economic recovery of the country by assisting in financing and implementing vital infrastructure projects for the transport sector, particularly road development projects. DBSA principal project and infrastructure finance professional Nangamso Matebese-Maponya explains that, owing to the impact of Covid-19, the DBSA has had to follow a flexible approach in terms of funding roads infrastructure projects in the transport sector.

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Private-sector investment key amid challenges

From an economic perspective, the Covid-19 pandemic has not affected countries in Africa, apart from South Africa, as much as countries on other continents.

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Sanral, Safcec sign MoU to prioritise small contractor development

The South African National Roads Agency Limited (Sanral) has signed a memorandum of understanding (MoU) with the South African Forum of Civil Engineering Contractors (Safcec), with the aim of prioritising the development of small, medium-sized and microenterprises (SMMEs) in the road construction industry. “In order to achieve meaningful transformation in this sector, we have to look beyond just meeting targets,” says Sanral transformation head Ismail Essa.

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Africa’s richest man delays cement London listing until 2023

Aliko Dangote, Africa’s richest person, has again delayed plans to sell shares in his cement maker on the London Stock Exchange, opting instead to focus on increasing exports and boosting the Nigerian company’s foreign-exchange reserves. Dangote Cement, the continent’s biggest producer of the building material, isn’t expected to attempt a UK initial public offering until at least 2023, Temilade Aduroja, head of investor relations at the Lagos-based company, said by email.

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Afrimat’s diversification strategy paying off

Openpit miner Afrimat reported an 11% year-on-year increase in operating profit for the six months ended August 31, despite a 9.4% year-on-year decrease in revenue. The company also ended the period with cash and cash equivalents of R330-million, a 170% year-on-year increase.

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Growthpoint receives green building certification for Exxaro head office

Coal miner Exxaro’s new head office building, in Centurion, Gauteng, developed and owned by property developer Growthpoint, has achieved a 6-Star green rating from the Green Building Council South Africa (GBCSA) under the Green Star New Build certification system. Green building certification integrates a spectrum of green initiatives and a 6-Star As-Built rating confirms that these initiatives have been implemented at a global leadership level.

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Sustainable financing imperative to sustainable future, says JSE’s Soobramoney

Finance has a significant role to play in a sustainable future, which comprises economic, environmental, social and governance responsibilities, JSE chief sustainability officer Shameela Soobramoney said during this year’s virtual Green Building Convention on October 29. Sustainability emerged as a component of corporate ethics in response to the perceived public discontent over the long-term damage caused by a focus on short-term profits and, therefore, focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs, she explained.

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Technical panel being assembled to support delivery of 62 infrastructure projects

Public Works and Infrastructure Minister Patricia de Lille reported on Thursday that nearly 1 200 applications were received from professionals willing to serve on the Technical Advisory Panel for South Africa’s Infrastructure Investment Plan. Applications for the panel were advertised in August and the Minister said final appointments would be made this week. De Lille said the panel would be made up of technical experts who would support the implementation of the plan.

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