The hawkish stance of the Monetary Policy Committee at preceding meetings gave a clear indication that a hike in the repo rate was most likely imminent, as born out by the announcement today of a 25 basis point increase, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Energy projects and road infrastructure upgrades may offer some relief for South Africa’s beleaguered listed construction companies.
Acting Eskom Chief Executive Officer Brian Molefe’s contract has been extended by a further three months, said the board of the power utility.
The 15.6% year-on-year rise in cement sales volume in the first quarter of 2015 suggests a booming construction sector.
Eskom has implemented stage 1 load shedding this morning due to increased electricity demand and a shortage of generation capacity.
THE Coega Development Corporation announced that the roofs of about 15 of its buildings within the Coega Industrial Development Zone (IDZ) will be fitted with solar panels.
Eskom says it is set to continue with planned maintenance during the winter months, while the power utility also dispelled prospects of a total electricity blackout.
Eskom will implement stage 1 load-shedding at 4pm due to a shortage of generating capacity, Eskom confirmed on Tuesday.