May 27, 2008: Gautrain could win esteemed award
The Gautrain project has beaten 250 top global infrastructure projects and qualified as a semi-finalist in the prestigious international 2008 Bently Empowered Award programme.
This is in recognition for its innovative customisation of project ...
May 27, 2008: New VAT threshold a property boon?
In Finance Minister Trevor Manuel's last budget speech it was announced that the annual threshold for VAT will be increased from R300k to R1m, as of 1 March 2008.
According to Martin Bester, regional manager for Intersect Sectional Title Servi...
May 27, 2008: R250 million extension for Canal Walk
Six stand-alone retail ‘pods’, totalling 16,000m2 of additional retail offering are being developed at Canal Walk Shopping Centre for an investment of R250 million
The development is being undertaken by Madison Property Fund Manager...
ACTIVITY in the building industry is expected to slow significantly this year as residential and nonresidential property developers feel the strain of higher interest rates, inflation and electricity problems.
Interest rates have gone up 4,5 p...
May 26, 2008: SA and US hotel groups join forces
One of Southern Africa's largest independently owned hotel groups announced that it has formed a strategic partnership with a US-based hotel group to jointly find acquisition and development opportunities in the Americas (Canada, USA, Mexico, Latin Americ...
May 26, 2008: Firm gets R2,5bn Transnet contract
South African construction and civil engineering firm Group Five (GRF), together with its French joint venture partner Spiecapag, has landed a R2,5bn contract to build the R11,2bn new fuel pipeline between Durban and Gauteng from Transnet, it was announce...
May 26, 2008: Eskom to build R2,9bn power station
Eskom has announced that it has awarded a R2,9bn contract to a consortium of South African companies to construct the main civil works at Lephalale in Limpopo.
The contract was awarded to the Medupi Power Station joint venture, a consortium ma...
The property, located on 70 Main Road, Knysna, is a unique blend of residential and business amenities with a central situation and close p...
May 26, 2008: SA construction industry blooming
The 9th of May 2008 was a big day for the South African construction industry. On that day, the allocation of work amounting to R14,5bn opened a new growth path for the industry.
The South African National Road Agency (Sanral) awarded six work ...
May 26, 2008: Construction sector lacks diversity
The South African-listed construction and building materials sector is behind the curve when it comes to board diversity, BEE and transformation and governance, a new survey showed on Wednesday.
"Analysis of the sector shows that, overal...
May 26, 2008: Road upgrades to benefit CT node
With 2010 around the corner, many plans are being made to upgrade Cape Town's infrastructure and make the city more accessible to tourists.
With the Bellville Velodrome identified as a major fan-base for the event, the velodrome itself as well...
What sub-prime crisis? Traditional bank finance - like big unsecured loans - trumps share issues and securitisation - bank expert.
What global sub-prime crisis? In South Africa, traditional bank finance is trumping o...
May 19, 2008: Property group diversifying
A leading local property development group has started to diversify away from residential development into commercial, light industrial and retail projects and this move would see them involved in at least five new projects.
Foremost among the...
May 19, 2008: Commercial income stream is once again king
According to Tony Bales of Bales Delaporte, Investment Property Dealmakers, during the last four years, when the commercial property market was racing along, many investors looked at other “boom time” investment criteria to assess potential in...
A proposed plan to create a “buffer zone” to separate retail and residential sections in Vincent has received mixed reactions from its residents . Buffalo City Municipality’s Development Planning directorate on Wednesday asked its Sta...
May 16, 2008: Mall extension boosts KZN project
With the third phase of expansion of the Liberty Midlands Mall in Pietermaritzburg now approved - with plans to include a hotel, offices and a value retail centre - 155 of the total of 480 units in a new secure residential development, which is within wal...
The resort will be Hyatt's second hotel in South Africa, following Hyatt Regency Johannesburg which opened in Octobe...
May 16, 2008: Lonrho to buy CT-based build firm
Lonrho plc (LAF), the conglomerate with a structured portfolio of African investments, plans to buy a Cape Town-based prefabricated building firm for R25m, it said on Tuesday.
Arnott Panels (Pty) Ltd, which trades as Cool Maintenance, spe...
May 16, 2008: Property firm shows good growth
Property services group JHI announced on Tuesday its results for its first year of operation after merging with Gensec and the company has shown substantial growth during this year with R31bn in assets under management.
CEO Marna van der Walt s...
May 14, 2008: Property firm shows good growth
Property services group JHI announced on Tuesday its results for its first year of operation after merging with Gensec and the company has shown substantial growth during this year with R31bn in assets under management.
According to True North Developments (Pty) Ltd. CEO, Bruce Bremner, The Reach induces cost benefits through resource savings and lowered operati...
May 14, 2008: Jewellery factory for Kimberley
An investment of R100m has been earmarked for Kimberley, one of the world's most renowned diamond cities, South African state news agency BuaNews reported on Monday.
The investment will be made in a gold jewellery factory, which will serve...
