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Industry News

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R300m social housing project launched in Tshwane

As part of plans to meet the growing demand for housing in Gauteng, Human Settlements Minister Nomaindiya Mfeketo on Tuesday launched the R300-million Thembelihle Village in Tshwane. Completed in November 2017, with first occupation in February 2018, the project provides safe housing for families in 733 units. Security features include biometric access control, a closed […]

PIC, Aton lift shareholding in M&R

The Public Investment Corporation (PIC) has increased its interest in JSE-listed Murray & Roberts (M&R) to 20.15% of the total issued ordinary shares of the company. Powered by WPeMatico

PIC rejects Aton’s takeover offer for M&R

South Africa’s Public Investment Corporation (PIC), the second-biggest shareholder in Murray & Roberts (M&R), said on Monday it had rejected an offer by Germany’s Aton to acquire the engineering and construction firm. M&R’s biggest shareholder German investor Lutz Helmig’s Aton, which owns more than a third of the South African firm, made a buyout offer […]

StayEasy Maputo opens in Mozambique

Hotel, gaming and entertainment group Tsogo Sun on Monday opened its newest offshore hotel property, StayEasy Maputo, in Mozambique. This addition to the Tsogo Sun Hotels portfolio will bring the group’s number of properties outside of South Africa to 11. This is the group’s third hotel in Mozambique. Powered by WPeMatico

ELB gets go ahead to start construction at Ngodwana biomass plant

JSE-listed ELB’s ELB Engineering subsidiary, together with its project partner, KC Cottrell, has received notice to proceed with the building of a 25 MW biomass power plant for Ngodwana Energy following the successful bid in terms of the Renewable Energy Independent Power Producer Procurement Programme. ELB Engineering, together with KC Cottrell, will design, procure, build […]

Detailed design phase for R200m Durban cruise terminal to start this month

Transnet National Ports Authority and the KwaZulu Cruise Terminal (KCT) consortium on Monday officially signed an agreement that will see the construction of a R200-million-plus cruise terminal at the entrance to the Port of Durban.   The consortium, which is 70% owned by MSC Cruises, the largest cruise line operating in South African waters, and […]