The Public Investment Corporation (PIC) will put R70 billion towards developmental investments in the next few years to drive economic growth and job creation.
Thousands of motorists will soon enjoy a better travelling experience on the R316 between Caledon and Bredasdorp after a R102 million investment by the Department of Transport and Public Works in resealing this road. Roadworks started in May 2015 and are scheduled to be completed by mid-May 2016.
A group of 25 unemployed residents from Cornubia, the affordable housing development north of Umhlanga, and the nearby Blackburn informal settlement are learning the skills they need to find jobs as bricklayers in a public private sector partnership (PPP) involving Tongaat Hulett Developments and several government departments.
The New Development Bank (NDB) has approved its first set of loans worth US $811 million, which will go towards supporting renewable energy initiatives.
The Office of the Chief Procurement Officer says all tenders advertised by government will soon only be advertised in government’s eTender portal.
The Consulting Engineers South Africa (CESA) Bi-annual Economic and Capacity Survey for the period July to December 2015, just released indicates that times are tough and getting tougher with industry confidence the lowest in 16 years.
Gauteng local government and housing MEC Paul Mashatile expects clean cities, functioning traffic lights, smooth tarred roads and housing development projects from the province’s mayors.
A R6.2 billion new Gauteng housing project – the Leratong City integrated nodal development – is set to get under way in Leratong, Mogale City in a joint development by McCormick Property Development, Calgro M3 and Sasuka Logistics Services.
With the construction sector resembling a sort of rubble, what with all the majors on their knees as the chickens come home to roost and some worth a fraction of the values they boasted before the lid was lifted on collusion, affordable housing firm Calgro M3 is worth a look.