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Industry News

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UN council urges Egypt, Ethiopia, Sudan to restart dam talks

The UN Security Council on Wednesday urged Egypt, Ethiopia, and Sudan to resume African Union-led talks to reach a binding deal “within a reasonable timeframe” over the operation of a giant hydropower dam on the Blue Nile in Ethiopia. Egypt and Sudan had both called on the council to help resolve the dispute after Ethiopia […]

Growthpoint achieves revenue growth but lower distributable income

JSE-listed Growthpoint Properties’ distributable income, on a per share basis, declined by 19.1% to 148.1c for the financial year ended June 30, mainly as a result of 408-million new shares having been issued in an oversubscribed equity raise of R4.3-billion in November last year. During the same period, Growthpoint delivered 6.2% growth in revenue and […]

EPP swings to profit in H1

JSE-listed real estate investment trust (Reit) EPP has managed to grow its distributable earnings a share for the six months ended June 30 by 54% year-on-year to €0.0366. During the six months, it also added four retail parks to its portfolio. Powered by WPeMatico

Opinion: Steel Master Plan needs refining if it is to help revive downstream industry

In this opinion article, Duferco MD Ludovico Sanges argues that the Steel Master Plan is a good start, but that certain key issues still need to be addressed if the embattled downstream steel industry is to be revived. Powered by WPeMatico

Hyprop advances strategy during the year

JSE-listed real estate investment trust Hyprop Investments says it has made good progress in executing its strategy for the year ended June 30. It has moved ahead on all its priorities, including strengthening the balance sheet, advancing the implementation of its non-tangible strategy with the successful opening of the SOKO District at Rosebank Mall and […]

John Deere adds more models to its construction equipment offering

Since original-equipment manufacturer John Deere announced its expansion into the sub-Saharan African market with its construction equipment in March, it has added nine more machines to its portfolio. Among these additions is a 310L backhoe, which runs a 63 kW engine and has a four-speed PowerShift transmission, as well as digging capability of 4.2 m, […]