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Redefine Properties resolves not to declare full-year dividend

The board of real estate investment trust (Reit) Redefine Properties has resolved not to pay a dividend in respect of the 2020 financial year, in the face of ongoing Covid-19 uncertainty. The board explained in a January 22 statement that it had considered the needs of all stakeholders in the context of a rapidly changing trading environment.

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Saice welcomes new construction industry umbrella body

The South African Institution of Civil Engineering (Saice) has welcomed the establishment of the newly formed construction industry umbrella body, the Construction Alliance South Africa (Casa). Saice CEO Vishaal Lutchman says the institution “looks forward to playing an active role in creating a united voice in our quest to lead the post-Covid recovery of the industry, as well as tackling a number of longstanding issues such as transformation of the sector, corruption and unethical business practices”.

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Survey shows decline in local pipe market

The Southern African Plastic Pipe Manufacturers Association (Sappma) has released the findings of a qualitative and quantitative pipe survey that shows a decline in infrastructure investment, particularly in the local pipe market, of 15%. According to the survey, conducted by business management consultant LHA Management Consultants, polyvinyl chloride pipes continue to enjoy the biggest share of the local market, with about 78 000 t currently in use – of which 72% are used in high-pressure markets and 28% in non-pressure markets.

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Projects can bolster local steel tubes and pipes industry

Steel industry association the Steel Tube Export Association of South Africa (STEASA) believes that the fast-tracking of the 50 strategic integrated projects and 12 special projects – announced in the Government Gazette this year – will present “tremendous opportunities” for locally manufactured steel tubes and pipes in various sectors. Engineering News reported in July that the gazetting of the projects was motivated by a desire to ensure that the approval processes required to unlock infrastructure investments, collectively valued at more than R360-billion, were accelerated.

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As South Africa veers from NDP jobs and poverty goals ‘course corrections’ proposed

With the National Development Plan’s (NDP’s) goals of achieving full employment and eliminating poverty by 2030 already out of reach ahead of the onset of the deadly Covid-19 pandemic, which has since obliterated the plan’s objectives entirely, the outgoing National Planning Commission (NPC) has outlined recommendations for a “course correction” in a 170-page analysis. The document, titled a ‘Review of Economic Progress towards Vision 2030’, was first published in December and was formally canvassed with stakeholders during a well-attended webinar on Thursday.

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Construction bodies unite into single alliance

Twenty-nine of South Africa’s professional, contractor, supplier and other bodies within the construction industry have united to form a single umbrella organisation, called the Construction Alliance South Africa (CASA). Industry stalwart John Matthews has been appointed as CASA chairperson.

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EPP appoints sales, acquisitions exec

JSE-listed EPP has appointed Agata Sekula as the company’s executive management team member responsible for sales and acquisitions. Sekula will join EPP from March 1 and will be responsible for executing EPP’s divestment and investment plans, with a particular focus on acquiring institutional co-investors for EPP’s retail portfolio.

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Courtyard Hotel Waterfall City set to welcome new guests

Situated close to the iconic Mall of Africa, as well as the Sandton and Midrand central business districts (CBDs), the new Courtyard Hotel at Waterfall City, in Midrand, is officially welcoming guests. The hotel is within walking distance of the Mall of Africa’s various amenities and is close to the Gautrain bus service and a secure bicycle parking facility, which means the hotel takes advantage of its location within the Waterfall City development to promote the use of sustainable public transport.

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UN seeks $254m to respond to escalating humanitarian crisis in gas-rich Cabo Delgado

The United Nations is warning that the humanitarian crisis in the gas-rich Cabo Delgado province, of northern Mozambique, has escalated dramatically over the past 12 months with more than 500 000 people having been displaced as a result a religiously inspired conflict. The UN launched an appeal on December 18, following a multi-agency mission to the territory, in a bid to raise $254-million for a 2021 humanitarian response plan.

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Siemens partners to extend Covid-19 facility at Eastern Cape hospital

Technology company Siemens South Africa has joined forces with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the German Federal Ministry for Economic Cooperation and Development and the Eastern Cape Department of Health to provide a separate modular hospital solution to the Cecilia Makiwane Hospital, in East London.

This modular solution, with a 100-bed capacity, will be erected as an extension of the hspital for the purpose of easing the burden on the hospital amid the second wave of Covid-19 infections and providing adequate, quality healthcare.

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