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WBHO to report 892c loss per share for FY20

Construction group Wilson Bayly Holmes-Ovcon (WBHO) has advised that it will report an attributable loss s share of between 892c and 985c apiece for the year ended June 30, as a result of project delays taking its toll amid Covid-19.

This is around 200% lower than the earnings a share of 938c reported for the year ended June 30, 2019.

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Boland Cellar commissions 473 kW crowdfunded solar installation

Paarl-based wine cellars Boland Cellar and peer-to-peer solar leasing platform Sun Exchange received crowd funding from 1 204 individuals from 85 countries to finance a 473 kW solar project to provide clean electricity for the wine cellar, while also reducing its electricity costs and emissions. The crowdsourced and global approach to solar finance was enabled through Sun Exchange’s innovative online platform.

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Industrial investment will flow if South Africa ‘consistently’ builds 1.6 GW of wind yearly

Leading wind-energy project developers and original equipment manufacturers (OEMs) are convinced that South Africa’s plan to install 1.6 GW of new wind capacity yearly until 2030 is more than sufficient to attract large-scale industrial investment. These captains of industry warn, however, that the country will need to back-up the policy certainty currently being provided by the Integrated Resource Plan 2019 (IRP2019) with consistent implementation.

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IDC aims to ‘catalyse’ recovery plan, but won’t go it alone as impairments bite

The Industrial Development Corporation (IDC) – which reported a R3.8-billion loss for the 2019/20 financial year, driven by a surge in impairments from R4.8-billion to R9.6-billion – has revised its investment strategy with the aim of “catalysing” government’s Reconstruction and Recovery Plan through risk-sharing partnerships with private and public co-financiers. CEO TP Nchocho stressed that the State-owned development finance institution (DFI) would continue to operate at the “upper end of the risk spectrum” in supporting the plan,  announced by President Cyril Ramaphosa on October 15 and which included strong infrastructure, industrial, energy and agricultural components.

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Sanral’s new N2 Wild Coast road to create up to 7 000 jobs

Transport Minister Fikile Mbalula says up to 7 000 project-related jobs will be created during the construction of the new N2 Wild Coast road. A further 29 000 permanent direct and indirect jobs may also be created during the service period of the road once it is opened.

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DTIC revitalisation programme makes progress at Botshabelo Industrial Park

The Botshabelo Industrial Park, in the Free State, has attracted investments valued at more than R500-million owing to the Department of Trade, Industry and Competition’s (DTIC’s) revitalisation programme that is being rolled out. Upgrading the park forms part of the DTIC’s Revitalisation of Industrial Parks Programme, which is being implemented throughout the country to renovate State-owned industrial parks located in historically disadvantaged areas.

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Traxtion to invest billions in rail infrastructure development over next five years

Rail services and solutions provider Traxtion Group intends to embark on a significant investment programme within South Africa’s rail sector, which will, at first, see an initial locomotive and wagon build programme of R1.5-billion upon conclusion of the appropriate access rights with State-owned rail entity Transnet. Traxtion plans to invest a further R14-billion to R17-billion in locomotives and wagons over the next five years as part of carefully selected scaled rolling procurement programme.

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‘Great opportunity’ to tap Mpumalanga’s grid capacity for just transition – IPP Office

The extension of South Africa’s Renewable Energy Development Zones (REDZs) to areas where coal jobs are at risk, but where grid capacity is available, represents a “great opportunity” to connect new renewable-energy generators while also supporting a just transition for coal workers, a senior official at the Independent Power Producer Office (IPPO) argued on Monday. Speaking during the virtual opening of the 2020 edition of Windaba, IPPO head of technical Pervalan Govender noted that government had hitherto not drawn on the REDZs framework, through which 11 geographical areas, including the coal region of Emalahleni, in Mpumalanga, had been earmarked for the clustering of wind and solar plants.

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Water supply projects in Sedibeng, Maluti-a-Phofung areas to resume

Human Settlements, Water and Sanitation Minister Lindiwe Sisulu has confirmed that the Department of Water and Sanitation (DWS) had resolved a matter that involved delayed payment of service providers and, specifically, the department has paid R80-million to Sedibeng Water for continuation of projects in the Sedibeng district municipality.

In turn, Sedibeng Water has made a commitment to pay all its service providers by October 28, while most projects in this area of the Gauteng province will resume on October 30 and the rest on November 2.

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South Africa’s rail expansion plan links Soweto to Johannesburg

South Africa’s only high-speed rail network is drawing up a multibillion rand plan to expand outside Johannesburg and Pretoria, joining a potential bonanza of infrastructure projects the government says are key to reviving the economy. A proposal for the venture is awaiting sign-off by the National Treasury, William Dachs, chief executive officer of the Gautrain company, said in an interview. Investment and loans would come from a mix of private investors and state institutions such as the Development Bank of Southern Africa, he said.

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