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Industry News

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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 […]

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 […]

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 […]

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 […]

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 […]

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. Powered by WPeMatico