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Industry News

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DWS briefs Portfolio Committee on key priority infrastructure projects

With many of South Africa’s priority infrastructure projects having strategic importance for the development of water resources, Water and Sanitation Minister Senzo Mchunu highlighted several key projects across the country during a virtual briefing to the Portfolio Committee on Water and Sanitation. In the Western Cape, he pointed to the Clanwilliam dam raising, which aims […]

Challenging six months ahead as WBHO exits Australia – Neff

It will be a challenging six months ahead as Wilson Bayly Holmes-Ovcon (WBHO) “navigates the consequences” of exiting the Australian construction market, says CEO Wolfgang Neff. “We’ll be dealing with some pressure to manage our Australian exposure.” Powered by WPeMatico

Zikalala unveils R340m housing project

KwaZulu-Natal Premier Sihle Zikalala has unveiled a R340-million housing project, comprising 2 500 units, at the Big Five local municipality, in Umkhanyakude district. He said the African National Congress-led government pursued an integrated approach involving all spheres of government to ensure the roll-out of human settlements across the province. Powered by WPeMatico

Liberty Two Degrees sees sector improvements with Covid-19 abatement, vaccine momentum

Real estate investment trust Liberty Two Degrees (L2D) reports that, as Covid-19 restrictions eased and vaccinations gained momentum, consumer confidence and retail trade improved in the last quarter of 2021, resulting in its financial and operational metrics improving. L2D CE Amelia Beattie says 2021 was a challenging year for the property industry. “The retail sector has […]

WBHO reports interim loss, says no ‘strategic imperative’ to retain Australian business

JSE-listed Wilson Bayly Holmes-Ovcon (WBHO), which incurred a loss of R1.5-billion for the six months ended December 31, has reiterated the reasons for its decision to withdraw financial assistance to its Australian operations. The company made the announcement last week, after which the Australian operations were placed into administration. Powered by WPeMatico

Investec Property to build solar rooftop PV plant at Cornubia Mall

Property development company Investec Property will build a 5.25 MW rooftop solar photovoltaic (PV) plant at the Cornubia Mall, in Durban, to reduce the mall’s reliance on the grid and ease the pressure on the national power grid. This is a key step in Investec Property’s mission to embrace renewable low-carbon emission technology across its […]