Entries by Creamer Media

Bureaucracy, lags in approval are killing the construction industry, say developers

Bureaucratic delays in getting property developments under way has badly damaged the development and construction industry, prompting a crisis, industry experts have outlined at the Western Cape Property Development Forum (WCPDF) conference, in Cape Town. They’ve also lamented a “shocking” decline in spending in the City of Cape Town’s capital budget. Powered by WPeMatico

Mozambique’s GDP growth to fall to below 3% following Idai

The Mozambican government has estimated its emergency assistance needs and reconstruction costs following cyclone Idai, in March, will reach $1.5-billion, or about 10% of the country’s gross domestic product. The International Monetary Fund (IMF), in a report, compiled information around the incident, including an assessment of the damage and a debt sustainability analysis. Powered by […]

PPPs could help ailing municipal water sector, suggests NBI

A series of public–private partnerships with municipalities could help ailing local water and sanitation departments (WSDs), many of which face challenges ranging from deteriorating infrastructure to declining water quality and poor governance. According to the National Business Initiative, nearly half of the local WSDs are in a “critical state” and need help from the private […]

Sanedi launches two solar heating system projects

South African National Energy Development Institute (Sanedi) on Wednesday launched the first solar district heating system in South Africa at the University of the Witwatersrand’s (Wits’) Junction Campus, as well as the largest solar process heat system in sub-Saharan Africa at the Klein Karoo International (KKI) tannery.   These two Southern African Solar Thermal Training […]

Gemgrow focuses on noncore asset disposals ahead of proposed Arrowhead merger

JSE-listed real estate investment trust (Reit) Gemgrow Properties COO Alon Kirkel believes the company’s focus on recycling noncore assets and managing its yield profile has created a more attractive asset for the proposed merger with its parent company Arrowhead Properties. He told Engineering News Online on Wednesday that the proposed merger, which was first announced […]

Egypt’s Sisi opens huge suspension bridge over the Nile

Egyptian President Abdel Fattah al-Sisi on Wednesday opened a suspension bridge over the Nile touted as the world’s widest, one of a series of military-led, megaprojects designed to improve infrastructure and provide jobs. The bridge, which crosses the Nile just north of central Cairo, is a key link in a highway stretching from the Red […]