Industry News

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Liberty Two Degrees to convert to Reit, acquires further assets

Liberty Two Degrees, a property portfolio established by financial services and holdings company Liberty Group, on Friday announced its intention to convert to a corporate real estate investment trust (Reit) and list on the JSE as a new company (NewCo). Powered by WPeMatico

Rope specialist introduces drones to NDT at Eskom

Rope access specialist Skyriders has introduced the collision-tolerant Elios drones to its nondestructive (NDT) testing offering, and has started using them at State-owned power utility Eskom. The drones are part of Skyriders’ turnkey solution offering that improves the efficiency of the NDT and quality management of the NDT done at Eskom. Powered by WPeMatico

Plans in place to redeem utility

In its presentation to Parliament last month, State-owned power utility Eskom mentioned that it would be dealing with a number of issues within the utility relating to governance, ethics and accountability as well as improving liquidity to ensure financial sustainability. Presented on April 18, Eskom mentioned that the new board – which assumed its role […]

Improving water management through deployment of IoT devices

The use of low-power wide-area (LPWA) Internet of Things (IoT) devices and Narrowband IoT (NB-IoT) provide significantly greater water management capabilities and highly detailed water information across the value chain, says multinational mobile network operator Vodacom IoT director Deon Liebenberg. “Water management remains hampered by limited information and rudimentary technologies, which leave municipal managers to […]

Stefanutti Stocks’ FY operating loss widens on impairment

JSE-listed Stefanutti Stocks’ operating loss widened to R451-million for the financial year ended February 28, compared with the R106-million loss incurred in the prior financial year. The company on Thursday reported that goodwill and intangible assets of R667-million had been impaired, predominantly relating to the goodwill that arose from the Stocks Limited acquisition. Powered by […]

Construction starts on mixed-use precinct, Barloworld Logistics HQ in Irene

Property developers Abland, Giflo Develoments and architects SOM have started work on a new mixed-use precinct called Irene Boulevard, in the south of Pretoria. This site will become the new four-star rated green headquarters of industrial company Barloworld Logistics, which will be vacating its offices in Sandton to occupy the new site. Powered by WPeMatico