Industry News

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Sanedi launches two solar heating system projects

South African National Energy Development Institute (Sanedi) on Wednesday launched the first solar district heating system in South Africa at the University of the Witwatersrand’s (Wits’) Junction Campus, as well as the largest solar process heat system in sub-Saharan Africa at the Klein Karoo International (KKI) tannery.   These two Southern African Solar Thermal Training […]

Rescue practitioners expect proceeds of R709m from initial Group Five disposals

Business rescue practitioners (BRPs) at construction firm Group Five reported on Wednesday that the disposal of stakes in three companies, together with sale of plant, assets and property, is expected to yield proceeds of R709-million. Group Five’s shares were suspended in March after the company entered business rescue and David Lake and Peter van den […]

Gemgrow focuses on noncore asset disposals ahead of proposed Arrowhead merger

JSE-listed real estate investment trust (Reit) Gemgrow Properties COO Alon Kirkel believes the company’s focus on recycling noncore assets and managing its yield profile has created a more attractive asset for the proposed merger with its parent company Arrowhead Properties. He told Engineering News Online on Wednesday that the proposed merger, which was first announced […]

Egypt’s Sisi opens huge suspension bridge over the Nile

Egyptian President Abdel Fattah al-Sisi on Wednesday opened a suspension bridge over the Nile touted as the world’s widest, one of a series of military-led, megaprojects designed to improve infrastructure and provide jobs. The bridge, which crosses the Nile just north of central Cairo, is a key link in a highway stretching from the Red […]

LafargeHolcim CEO eyes up to ten deals this year

LafargeHolcim expects to increase the number of small acquisitions it makes this year after buying four businesses so far in 2019, CE Jan Jenisch said on Wednesday. “We are trying to get a more dynamic start to the process to do bolt-ons this year,” Jenisch told reporters, noting that LafargeHolcim had already made the same […]

Difficult trading environment, writedowns cuts Rebosis’ interim distributions

JSE-listed real estate investment trust (Reit) Rebosis Property’s distributable income decreased by 61% year-on-year to R195-million for the six months ended February 28. Of this, R96-million was as a direct result of the Reit’s exposure to New Frontier Properties, it said on Tuesday. Powered by WPeMatico