Vukile poised for growth following strong interim performance

JSE-listed Vukile Property Fund is poised for growth following a strong interim performance for the half year from April 1 to September 30, during which it weathered the impact of the Covid-19 pandemic and the July civil unrest, CEO Laurence Rapp said in a briefing on November 30. The fund has resumed paying interim dividends, compared with only a final dividend, declaring a dividend of 40.56c apiece for the period.

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Building confidence index down one point to 34 in the fourth quarter

After slipping to 35 in the third quarter of this year, the First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index was marginally lower, at 34 in the fourth quarter.

Confidence in the core building sector index, excluding the hardware retailers and building material manufacturing sector, rose from 20 to 27 during the same period and, although still low, this is the best level since the second quarter of 2019.

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Attacq continues with Waterfall precinct development projects

Real estate investment trust Attacq has adapted its strategy to a precinct-focused approach, with about 70% of its portfolio value now coming from Waterfall City Precinct, the company noted during an update briefing on November 29. Work has continued to develop Waterfall City into a smart, safe, sustainable city.

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Mchunu dissatisfied with delays at Clanwilliam dam project

Water and Sanitation Minister Senzo Mchunu at the weekend expressed his dissatisfaction with the delays being experienced at the Clanwilliam dam project, in the Western Cape. The raising of the Clanwilliam dam wall is the second-biggest infrastructure project being undertaken in the Western Cape and is part of the Olifants River Water Resources Project, valued at about R4-billion. The project entails raising the dam wall by 13 m.

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Zinc anti-corrosion coatings offer long-lasting protection

Various methods of applying zinc films to steel items offer unique and long-lasting anti-corrosion benefits, according to various zinc experts who spoke during a webinar hosted by Creamer Media Contract Publishing on behalf of the International Zinc Association (IZA) on November 23.

IZA technology and market development director Martin van Leeuwen said that close to 60% of zinc is used for galvanising or applying zinc coatings on steel for corrosion protection.

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EPP proposes delisting; Redefine proposes buyout of EPP shares

Poland-focused retail real estate owner EPP’s board of directors has decided that, to facilitate a restructuring to bolster its balance sheet and reduce the company’s gearing, it would be in the best interests of the company to seek a delisting of its shares from the JSE and the Luxembourg Stock Exchange (LuxSE). Further, real estate investment trust Redefine Properties has proposed potentially acquiring all EPP shares it does not already own through a share swap at a ratio of 2.70 Redefine shares per EPP share to be acquired.

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Balwin signs deal to acquire properties needed for long-planned-for Joburg South eco estate

Property development company Balwin Properties has entered into an agreement to acquire a number of properties in the south of Johannesburg from Tentacle Properties for up to R330-million. Balwin intends to develop an eco estate with a Crystal Lagoon and a hiking trail on the properties.

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PPC to invest R664m to 2025 to kick-start decarbonisation journey

JSE-listed building materials group PPC has outlined a new decarbonisation strategy that includes firm targets for implementation by 2025 and 2030 and also outlines a long-term aspirational goal of transitioning its operations to net-zero carbon dioxide (CO2) emissions by 2050. The strategy is contained in the group’s inaugural Task Force on Climate-related Financial Disclosures (TCFD) report and the targets have been set using the 2020 financial year as the base.

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New Cesa president commits to partnering for value-for-money infrastructure rollout

Industry association Consulting Engineers South Africa’s (Cesa’s) newly elected president Olu Soluade, who is also AOS Consulting Engineers CEO, has committed to partnering with industry stakeholders for sustainable, value-for-money infrastructure development. Soluade is a professional engineer and professional construction project manager with more than 30 years’ experience. He holds a Master’s in Industrial Engineering, and a BSc. Hons. degree with Second Class upper in Mechanical Engineering. He was VP of Cesa before taking up a higher position as president.

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Human settlements dept capacitates entities to accelerate housing delivery

Given the delays and challenges to provide decent housing and develop sustainable human settlements in South Africa, the Human Settlements Minister Mmamoloko Kubayi on November 26 detailed the work her department has done to capacitate its entities to accelerate the delivery of housing and human settlements. The boards of five of six Department of Human Settlements (DHS) implementing agencies, including the National Home Builders Registration Council (NHBRC), the Housing Development Agency (HDA), the Community Schemes Ombud Service (CSOS), the Property Practitioners Regulatory Authority (PPRA) and the Social Housing Regulatory Authority (SHRA), were reconstituted with a focus on qualifications, professional skills and experience, Kubayi said.

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