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Industry News

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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 […]

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 […]

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 […]

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 […]

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. Powered by WPeMatico

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 […]