KwaZulu-Natal Premier Sihle Zikalala has unveiled a R340-million housing project, comprising 2 500 units, at the Big Five local municipality, in Umkhanyakude district. He said the African National Congress-led government pursued an integrated approach involving all spheres of government to ensure the roll-out of human settlements across the province. Powered by WPeMatico
Real estate investment trust Liberty Two Degrees (L2D) reports that, as Covid-19 restrictions eased and vaccinations gained momentum, consumer confidence and retail trade improved in the last quarter of 2021, resulting in its financial and operational metrics improving. L2D CE Amelia Beattie says 2021 was a challenging year for the property industry. “The retail sector has […]
JSE-listed Wilson Bayly Holmes-Ovcon (WBHO), which incurred a loss of R1.5-billion for the six months ended December 31, has reiterated the reasons for its decision to withdraw financial assistance to its Australian operations. The company made the announcement last week, after which the Australian operations were placed into administration. Powered by WPeMatico
Property development company Investec Property will build a 5.25 MW rooftop solar photovoltaic (PV) plant at the Cornubia Mall, in Durban, to reduce the mall’s reliance on the grid and ease the pressure on the national power grid. This is a key step in Investec Property’s mission to embrace renewable low-carbon emission technology across its […]
Transnet Freight Rail (TFR) will release a request for proposals (RFP) on April 1 for the sale of slots to private operators on the key container corridor linking Gauteng and Durban, as well as parts of the Cape corridor. The State-owned utility tells Engineering News that it is in the process of finalising the number […]
Finance Minister Enoch Godongwana presented a budget that supports and reinforces the programme of action announced in the State of the Nation Address (SoNA) to grow the economy and create jobs, says President Cyril Ramaphosa in a February 28 newsletter. The budget provides details on how government plans to raise money and where it is […]
Mineral Resources and Energy Minister Gwede Mantashe says he expects Eskom to make an application soon for a Section 34 determination to facilitate gas-to-power generation at some of the coal power stations that the utility aims to repower and repurpose as part of its unfolding just energy transition strategy. Speaking during an energy dialogue hosted […]
Multinational General Electric (GE), in partnership with nonprofit organisations FHI360 and PROTEC, as well as the Gauteng Department of Education (GDE), on February 24 officially launched the Next Engineers programme in Johannesburg, aimed at increasing the diversity of young people in the engineering sector. The programme, which will run over the course of five years, […]
The Social Housing Regulatory Authority (SHRA) has said it is “encouraged” by government’s commitment to the development of social housing across South Africa, following Finance Minister Enoch Godongwana’s budget speech on February 23. The budget highlighted that human settlements projects included six Integrated residential development programmes, ten social housing projects and two high-impact privately led […]
The City of Johannesburg (CoJ) has passed its Adjustment Budget through its Council to see it through to the end of the 2021/22 financial year in June. The CoJ says the Adjustment Budget is, in various ways, a prudent response to a loan market that is increasingly averse to lending money to municipalities, including metropolitans, […]
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