Industry News

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Aveng’s shares rise on recapitalisation, restructuring progress

Infrastructure and resources company Aveng’s share price on the JSE rose by 50% on Wednesday, after it announced that it was making progress with its balance sheet restructuring and recapitalisation plans and that it expected to report improved financial results for the financial year ended June 30. The company noted in a trading statement that it […]

New Castle Gate lifestyle centre opening its doors in Pretoria

The first phase of the new multibillion-rand Castle Gate mixed-use precinct development in Pretoria will open its doors to the public on November 26. Home to some of the latest store concepts for the likes of Woolworths, Checkers, Dis-Chem and Builders Warehouse, Castle Gate was built with the aim of “making something that creates convenience […]

Arrowhead records solid full-year performance

Diversified South African real estate investment trust Arrowhead Properties says it performed ahead of expectations in a tough economic environment during the financial year ended September 30. At period end, Arrowhead directly owned 143 commercial properties in South Africa (split 50% retail, 33% office and 17% industrial by revenue) and indirectly owned 147 residential properties […]

Kwikspace appoints Steinberg CEO, FD

Modular buildings manufacturer Kwikspace has announced the permanent appointment of its new CEO and FD, Dirk Steinberg. Having joined the company in 2014 as FD and executive officer, Steinberg has a wealth of business experience, the company says. Powered by WPeMatico

Saice launches career growth platform for engineers

The South African Institution of Civil Engineering (Saice) has launched an innovative new platform – Saice Connect – that enables its members to network and engage with potential employers and like-minded individuals. The platform is designed to bridge the gap between skills shortages in many industries and high unemployment rates. Powered by WPeMatico

Surging Covid-linked borrowing costs pose threat to Africa’s energy transition

The surge in borrowing costs affecting most African countries in the wake of the economic and fiscal harm that has accompanied the Covid-19 pandemic poses a serious risk to the much-needed recovery in energy investment across the continent, which is set to collapse by 30% in 2020. International Energy Agency (IEA) executive director Dr Fatih […]