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.
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...
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...
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 ...
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.
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 ...
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...
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...
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...
Democratic Alliance has called on the Eastern Cape government to use its powers in heritage legislation “to prevent the further deterioration of buildings” in the Central area of Port Elizabeth.
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...
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 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.
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.
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...
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...
Seven contracts to the value of R11,5bn has been awarded to various tenders to begin work on the first phase of the Gauteng Freeway Improvement Project.
The project will involve provision of additional lanes, interchange improvements and intell...
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...
