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Industry News

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Gateway Real Estate to build its first office development in Ghana

Private real estate development company Gateway Real Estate Africa will build its first commercial office building in Ghana at Appolonia City, which is an inclusive mixed-use new city 20 km from the centre of the capital Accra. The first phase of the project will cost about $4-million. Powered by WPeMatico

Ramaphosa confirms Durban port turnaround progress, flags infrastructure investment

In a weekly letter to the nation, on April 19, President Cyril Ramaphosa confirmed progress made over the past year in turning around the performance of the Port of Durban. He also indicated that R100-billion of investment would be needed over more than ten years to transform the port and expand its container-handling capacity to more than 11-million units, […]

Energy expert writes to government calling for overhaul of RMIPPPP ahead of July financial close

An energy expert has written to the Department of Public Works and Infrastructure (DPWI) and the Independent Power Producer (IPP) Office to highlight the expensive shortcomings of the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), which he says should be replaced by a materially larger, yet more cost-effective, procurement programme based primarily on renewables […]

M&R division awarded R2.3bn contract for Newmont shaft lining and equipping

Australia-based mine and civil contracting company RUC Cementation Mining Contractors (RUC) – a a division of South Africa-based engineering company Murray & Roberts (M&R) – has been awarded a R2.3-billion shaft lining and equipping contract at Newmont Corporation’s Tanami Expansion 2 project, in Australia’s Northern Territory. RUC is a diversified underground mining contractor with an […]

NHFC, City of Cape Town form partnership to increase provision of decent housing

The partnership between the National Housing Finance Corporation (NHFC) and the City of Cape Town to upgrade and maintain the city’s estimated 57 000 units of rental stock will help to provide decent, secure and affordable accommodation to the people who live and work in the city, Human Settlements, Water and Sanitation Minister Lindiwe Sisulu […]

Worldsteel forecasts 5.8% steel demand growth in 2021 and 2.7% growth in 2022

Industry body the World Steel Association (worldsteel), in its ‘Short Range Outlook for 2021 and 2022’, forecasts that steel demand will grow by 5.8% to 1.87-billion tonnes this year. In 2022, steel demand will grow by a further 2.7% to reach 1.92-billion tonnes. Powered by WPeMatico