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Industry News

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UCT engineers test Africa’s longest suspension bridge

University of Cape Town (UCT) Department of Civil Engineering Emeritus Professor Mark Alexander’s wish to stand on top of a suspension bridge and experience its combined forces of nature and structural engineering was recently fulfilled when he got to inspect Africa’s longest suspension bridge – the R11.3-billion Maputo-Katembe bridge. Officially opened in November last year, the […]

Calgro M3 positioned for growth, despite challenging environment

JSE-listed property and property-related investment company Calgro M3 on Monday reported that its basic earnings a share for the year ended February 28 decreased by 97.31% to 2.53c. It also posted a headline loss a share of 19.01c for the financial year – down 121% year-on-year. Powered by WPeMatico

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique

South Africa is failing to fully grasp the energy and economic significance of the impending development of the enormous gas reserves discovered in northern Mozambique since 2010, Standard Bank oil and gas specialist Paul Eardley-Taylor argues. Between 150- to 200-trillion cubic feet of gas has been found offshore the country’s northern Cabo Delgado province and […]

Raubex uncertain about South African construction industry’s future

Infrastructure development and construction materials group Raubex’s 2019 financial year was characterised by a lack of work, coupled with violent community unrest that affected several of its sites, CEO Rudolf Fourie said on Monday. The adverse conditions resulted in Raubex having to rightsize a number of its operations, but this was offset by the group’s […]

Davies approves Bojanala SEZ recommendation

Trade and Industry Minister Dr Rob Davies on Monday notified the public and interested parties of his intention to designate the Bojanala Special Economic Zone. The public and interested parties will have 30 days from the date of the publication of the notice in the Government Gazette to support or object to the intended designation. […]

Vukile buys three shopping centres from Rebosis for R1.8bn

JSE-listed Rebosis Property will sell three properties to JSE-listed Vukile Property Fund for R1.8-billion. The properties are Mdantsane City shopping centre, Sunnypark shopping centre and Bloedstreet Mall. Powered by WPeMatico