Industry News

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Local Reits achieve double-digit growth for second consecutive year

The FTSE/JSE South African Listed Property Index (Sapy) achieved total returns of 17.2% in 2017, building on its performance of returns of 10.2% in 2016, to deliver double-digit growth to investors for the second year in a row. Last year, listed property outshone cash, which delivered returns of 7.52% and South African bonds at 10.19%, […]

Turner & Townsend’s Kenyan business to merge with Nairobi-based firm

Global project management consultancy Turner & Townsend’s Kenyan business will merge with Nairobi-based project management firm Mentor Management Limited (MML), after Turner & Townsend acquired a majority stake in MML from growth markets investor Actis. Powered by WPeMatico

Plasser agrees to pay R8.4m penalty for collusion

Railway construction and maintenance company Plasser South Africa has agreed to pay R8.4-million in a settlement penalty after admitting to partaking in collusion. The Competition Commission on Tuesday said it reached a settlement agreement with the company, which provides railway line track construction and maintenance services, after it admitted to participating in collusion with Lennings […]

Coal opponents prepare for yet another court battle over Thabametsi power project

Civil society organisations opposing the development of new coal-fired power generation capacity in South Africa say they will again approach the courts to challenge the latest environmental authorisation granted for the 557 MW Thabametsi coal-fired power station project, proposed for development near Lephalale, in the Limpopo province. In 2016, the project was selected as a […]

GE, Arenko collaborate on building energy storage systems

Digital industrial company GE and flexible energy storage systems operator Arenko Group have entered into a strategic alliance to build grid-scale energy storage systems in the UK. The companies will seek to leverage the advantages of combining GE’s battery technology solutions, power electronics and advanced controls  with Arenko’s leadership in operating batteries in the UK […]

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