Road construction demand to increase over next three years, says advisory firm

The South African road construction sector, which has declined in size in recent years owing to the absence of public sector spending, rising material costs and declining profit margins, is expected to see an increase in demand for contractors during the next two to three years. That increase will be driven by the South African National Roads Agency Limited (Sanral) as it is expected to continue making “positive strides in awarding tenders”, says advisory firm Frost and Sullivan Africa consultant Yaa Agyare-Dwomoh.

Powered by WPeMatico

BlueCape partnership to support businesses in oceans economy

Marine economy public-private partnership organisation BlueCape will support businesses in the oceans economy, remove barriers to entry and support skills development and transformation for job creation in the Cape Town V&A Waterfront, says founding director Bruce Tedder. BlueCape is a collaborative partnership founded by the V&A Waterfront and the City of Cape Town to unlock value in the oceans economy by focusing on three key marine industries – marine manufacturing, small-board plus ocean sports, and superyachts.

Powered by WPeMatico

Ramaphosa emphasises need for action to address climate change challenges

In the ramp-up to the next international climate conference, to be held in Scotland in November, President Cyril Ramaphosa has shared the sentiments of the international community in that the world needs to “dramatically scale up its efforts, raise its level of ambition and support developing countries with the means to implement climate actions”. While the cascading effect of climate change is “vital”, it does not affect only weather patterns, Ramaphosa says in his weekly letter to the nation, noting that it affects “nearly every aspect of our lives, from the food that is eaten, the water that is drunk, even impacting where people live”.

Powered by WPeMatico

Karino Interchange project set to be completed in November 

The Karino Interchange in Mbombela, Mpumalanga, is well under way to be completed in November, says Transport Minister Fikile Mbalula. This interchange forms part of government’s road infrastructure projects which are delivered through the South African National Roads Agency Limited (Sanral). 

Powered by WPeMatico

Sisulu welcomes Cuban engineers to South Africa, Solidarity unimpressed

Human Settlements, Water and Sanitation Minister Lindiwe Sisulu has welcomed the 25 Cuban engineers who have been seconded to help South Africa improve the delivery of water and related services, to South Africa. The engineers will support the South African government in this regard for three years.

Powered by WPeMatico

Proposed regulation lifting ‘embedded generation’ licence-exemption cap to 10 MW released …

Mineral Resources and Energy Minister Gwede Mantashe has released, for public comment, an amendment to the Electricity Regulation Act, proposing an increase in the licensing-exemption threshold for embedded power generation plants from 1 MW to 10 MW. The Gazette notice, which was published on April 23, follows President Cyril Ramaphosa’s February State of the Nation announcement that Schedule 2 of the Electricity Regulation Act would be amended to increase the licensing threshold for embedded generators.

Powered by WPeMatico

Penguin Random House relocating to Growthpoint’s Midrand Business Park

JSE-listed Growthpoint Properties has concluded a deal with book publisher Penguin Random House to consolidate and relocate the publisher’s offices and distribution centre to 3 657 m2 of upgraded business space at Growthpoint Business Park in Midrand, Gauteng. Penguin Random House is a longstanding Growthpoint tenant.

Powered by WPeMatico

Major Emira shareholders to launch mandatory offer

JSE-listed real estate investment trust Emira Property Fund has received notice that, Maitlantic 10 and Clearance Cantara Master Fund (the offerors) have acquired a combined 35% of Emira’s shares.

As such, the offerors will launch a mandatory offer to acquire all the Emira shares not already held by them, their holding companies or their holding companies’ other subsidiaries, for an offer consideration of R9.15 per Emira ordinary share.

Powered by WPeMatico

Low price could boost LNG development

A decrease in oil demand and, consequently, in prices last year because of Covid-19 also resulted in lower prices for liquefied natural gas (LNG). Business research consultancy Birguid associate researcher Patience Panashe argues that LNG buyers can take advantage of this to import LNG into South Africa at lower prices. “Inexpensive oil could have a dampening effect on all energy prices. LNG is a buyer’s market currently, especially with a glut of LNG on the market.”

Powered by WPeMatico

Globeleq-Sturdee consortium selected as preferred bidder for eSwatini solar PV projects

Independent power generation company Globeleq and renewable energy independent power producer (IPP) Sturdee Energy Southern Africa have been awarded preferred bidder status for two 15 MW projects in the first tranche eSwatini’s procurement programme for new renewable generation capacity. Globeleq says it welcomes the opportunity to support the Eswatini Energy Regulatory Authority strategy to increase domestic power generation and reduce reliance on imported power.

Powered by WPeMatico