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Industry News

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Eastern Cape govt fails to spend its R338m budget on housing

The Eastern Cape human settlements department failed to spend R338-million allocated for housing developments in the past financial year. The money was then taken and re-allocated to other provinces. Powered by WPeMatico

Aveng raises R100m in follow-on rights offer

JSE-listed Aveng has successfully completed its follow-on rights offer on June 4, raising total new capital of R100-million. The follow-on rights offer comprised of R89.5-million of follow-on rights offer shares taken up by shareholders who followed their rights. Powered by WPeMatico

South African industrial hub has found a faster route to the sea

A new inland transit facility between South Africa and Mozambique could slash transport times between the Maputo port and the region’s industrial and business hub. DP World’s new dry port depot in Komatipoort, a town on South Africa’s eastern border with Mozambique, operates as a bonded container facility, allowing shippers to clear customs quicker when […]

Richmond Park to host Takealot’s new distribution centre in Cape Town

Property investor and developer Atterbury has been chosen to develop a new distribution facility and pickup point for online retailer Takealot, in Richmond Park, Milnerton, Cape Town. The new Takealot facility at Richmond Park will initially be 6 700 m² and include two expansion opportunities with the potential to reach about 17 000 m², providing Takealot with […]

Heartwood Properties records solid growth despite challenges

Despite having faced major challenges in 2020, 4 Africa Exchange-listed Heartwood Properties recorded net asset growth per share of 25% for the financial year ended February 28. Since first listing on the stock exchange in March 2018, it has grown its net assets by a total of 93%. Powered by WPeMatico

Heritage dispute engulfs site chosen for Amazon’s new African HQ

For the Khoi and San – South Africa’s first inhabitants – a verdant patch of land in Cape Town embodies victory and tragedy. The two communities drove back cattle-raiding Portuguese soldiers there in 1510. But, a century and a half later, it was where Dutch settlers launched a campaign of land dispossession. Powered by WPeMatico