De Lille visits Clanwilliam dam in effort to address slow progress of project

As part of her oversight visits to various infrastructure projects, Public Works and Infrastructure Minister Patricia de Lille visited the Clanwilliam dam and irrigation scheme upgrade project, in the Western Cape, on August 31, to gain insight into delays affecting the project. Work on the dam has not yet started but other support infrastructure works have been completed, such as the construction of roads.

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DBSA expects strong demand for $200m embedded-generation scheme amid regulatory reform tail wind

The Development Bank of Southern Africa (DBSA) is optimistic that there will be a significant uptake of its $200-million Embedded Generation Investment Programme (EGIP) in light of recent regulatory changes exempting sub-100 MW facilities from licensing and enabling distributed plants to both wheel electricity and sell to multiple customers. Funded in equal parts by the Green Climate Fund (GCF) and the DBSA, an official call for proposals for participation in the scheme was launched on August 4, with a closing date of September 30.

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Aveng says growth platform in place as it reports first positive earnings since 2014

Infrastructure and contract mining group Aveng reported headline earnings of R751-million for the year to June 30, 2021, the company’s first positive headline earnings performance since June 2014. The JSE-listed group, which has undergone far-reaching restructuring since 2017, has two remaining core businesses in the form of McConnell Dowell and Moolmans, having disposed of all but one of its noncore units, including construction company Grinaker-LTA.

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Hyprop expects to report full-year loss

Specialised shopping centre real estate investment trust (Reit) Hyprop has advised that it expects its distributable income per share to be between 326c and 346c for the financial year ended June 30. This, the company said on August 30, is between 147c and 167c or between 30% and 34% lower than the 493.4c a share for the 2020 financial year.

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Rubicon to make the move to Richmond Park development

Sustainable technology company Rubicon will combine its operations, currently spread across six different locations in Cape Town, into one tailor-made multimillion-rand facility that includes a 7 900 m2 warehouse and 1 400 m2 of offices incorporating a 250 m2 showroom. Construction of the facility will start in November for completion and occupation in mid-2022.

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PIC lowers stake in M&R to 14.96%

The State-owned Public Investment Corporation (PIC) has disposed of an interest in the ordinary shares of Murray & Roberts (M&R), taking its shareholding to 14.96%.

This compares with its previous shareholding in M&R of 19.27%.

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Resilient proposes R1bn investment in Dipula Income Fund

Real estate investment trust (Reit) Resilient has proposed investing in JSE-listed Dipula Income Fund, but only if Dipula first simplifies its dual share capital structure. Resilient envisages that it will co-own suitable retail assets with Dipula and will continue to support Dipula to play a leading role in the listed property sector, Dipula noted in an August 27 statement.

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Association highlights the importance of transport

African Rail Industry Association CEO Mesela Nhlapo has over 20 years of experience in manufacturing and technical business development and has been the CEO of the African Rail Industry Association since 2017.

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The importance of organisational culture in supporting women

Project developer G7 Renewable Energies head of development Karen de Bruyn has spoken about the importance of organisational culture in supporting careers for women in previously male dominated sectors.

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Company empowers future graduates

Construction company Motheo empowers its staff and identifies future potential in the female youth of South Africa.

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