Entries by Creamer Media

Nyanza Light Metals secures R28m facility from Afreximbank

Pan-African multilateral trade finance institution the Africa Export-Import Bank (Afreximbank) has approved a R28-million project preparation facility for titanium dioxide pigment manufacturer Nyanza Light Metals, which is based in the Richards Bay Industrial Development Zone (RBIDZ). Afreximbank has also been appointed the mandated lead arranger to arrange the R4.5-billion needed for the construction of Nyanza’s operations at […]

L2D continues deriving value from positive retail growth

Precinct-focused and retail-centered real estate investment trust Liberty Two Degrees (L2D) continues to successfully weather the impacts of the Covid-19 pandemic, building on the basis of strong property fundamentals, as it continues to derive value in the current economic conditions from its operational strategy focused on asset management. In a statement on May 7, L2D CE Amelia […]

BMW SA hands over 150-bed overflow facility at Bronkhorstspruit hospital

Automotive multinational BMW Group South Africa (BMW SA) has handed over a 150-bed overflow facility, at Bronkhorstspruit Hospital, which will benefit nine hospitals and four clinics. The facility forms part of a long-term and sustainable R76-million investment in creating more than 800 beds in nine hospitals and four community health clinics, including Phedisong, the Soshanguve Multi-Purpose Centre, […]

PIC acquires Deloitte building in Midrand to add to GEPF portfolio

The Public Investment Corporation (PIC) has concluded a purchase agreement to acquire 100% of the leasehold rights, which include the office building and letting enterprise, housing Deloitte as the anchor tenant, in the prime location of Waterfall City, in Midrand, Gauteng. The asset was acquired on behalf of the Government Employees Pension Fund (GEPF) and […]

Prevailing low capacity use in manufacturing industry a worry for Seifsa

Persistent low levels of capacity use in the manufacturing sector and low demand for locally manufactured goods are “worrying” trends compounding the prevailing Covid-19 restrictions that are limiting operations at industrial plants, says the Steel and Engineering Industries Federation of Southern Africa (Seifsa). Data released by Statistics South Africa (StatsSA) on May 6 shows that manufacturing […]

Housing authority delivered 14 000 units in 2020, asks for budget reform

Social Housing Regulatory Authority (SHRA) council chairperson Bathabile Dlamini says the 2019/20 financial year had seen “encouraging” performance in that 13 projects were completed, delivering almost 14 000 units. Although the target for the year was not met, it is a solid achievement, she adds. This while demand for social housing remains high at 320 000 units […]

Saldanha Bay IDZ announces R3.5bn Phase 1 expansion project

The Saldanha Bay Industrial Development Zone (SBIDZ) is embarking on the R3.5-billion first phase of an eventual seven-phase infrastructure investment project. The first-phase 356 ha expansion is integral to national and regional infrastructure development and will also be the single largest project that government has launched in the Western Cape. Powered by WPeMatico