The first phase will consist of building a 400-metre quay and 250,000 square metre yard extension as well as the development of a free zone to create a new regional trading hub.
Abland and Tiber, joint developers on the Sandton Gate precinct, have announced that they have broken ground on Phase 1 of the development with the bulk earthworks.
The cost of global construction is set to rise by 4.3 percent during 2018 compared to 4.1 percent in 2017, as developers face the challenge of continued shortages of relevant skills to deliver an increasing number of projects, according to new research from global professional services firm Turner & Townsend.
AfriSam Group (Pty) Ltd (AfriSam) is pleased to announce that it submitted a revised merger proposal to PPC Limited (PPC) and that Fairfax Africa Investments Proprietary Limited (Fairfax) has made a Partial Offer to acquire ordinary shares in PPC representing a value of R2 billion held by PPC shareholders.
Cape Town Mayor Councillor Patricia de Lille says that partnerships are vital to achieving progress and believes that together, we can do great things and take the African continent to new heights by building on our past to create our own futures dynamic and vibrant African cities.
With South Africa and Nigeria being Africa’s two biggest economies, the recent credit rating downgrades by global ratings agencies, will negatively affect both nations and hit Africa’s overall economic growth.
Both basic and headline earnings per share increased - by 24% to 2,05 cents and 6,8% to 2,15 cents, respectively - despite a drop in revenue to R666,3 million from R772,5 million this time last year.
ELB Engineering Services Africa wins a contract to upgrade the loading plant at PPC’s Colleen Bawn clinker-making facility between Bulawayo and Beitbridge in Zimbabwe.