Building & Construction News

RMB in $20m cross-border collaboration for African construction projects

  • 22-09-2017
  • Business Live

Rand Merchant Bank (RMB) has closed a new $20-million letter of credit and performance bond facility for BAM International, a wholly-owned subsidiary of the Royal BAM Group, the largest construction company in the Netherlands. The facility will fa...

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Afrimat construction index: building activity tapers off

  • 22-09-2017
  • Business Live

The Afrimat construction index fell for a second quarter in a row, but only marginally, due to political events, said economist Roelof Botha. Afrimat has open-pit mines that provide industrial minerals and construction materials. Since hitting ...

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Seven South Korean firms Eye Zimbabwe’s Energy Sector

  • 22-09-2017
  • Construction Review Online

Seven South Korean Firms are scouting for energy investment opportunities in Zimbabwe. This will include investing an initial $300 million into solar plants. This will be solar plants with the capacity to produce 220 megawatts Mr. Partson Mbirir...

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PSG Alpha acquires 50% stake in Amdec’s Evergreen Lifestyle

  • 22-09-2017
  • Property Wheel

PSG Alpha Investments, a subsidiary of the JSE-listed PSG Group, has acquired a 50% stake in Evergreen Lifestyle, South Africa’s pre-eminent provider of retirement living and a division of the Amdec Group. With investments such as Capitec Bank (re...

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This is how new BEE rules on public procurement impact businesses

  • 21-09-2017
  • Fin24

Stellenbosch - Recent media reports have questioned schemes employed by state bodies, such as South African Airways (SAA), to provide preference to certain categories of businesses when acquiring goods and services. While the legal rules governing...

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SectorEnergyEast AfricakenyaNews Off-grid solar project in Kenya to benefit 14 counties

  • 21-09-2017
  • Construction Review Online

Early this week, Kenya launched the Kenya Off-grid Solar Access Project (KOSAP). This is a $150 million World Bank initiative. The intention is for the project to provide power to multiple areas across the east African region. This is also part of go...

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CAPE TOWN’S CONGESTION CRISES COULD BE CURBED WITH URBAN HOUSING

  • 21-09-2017
  • Property Wheel

With Cape Town being the most congested city in the country and Capetonians spending an average of 42 minutes each day in traffic (equating to 163 hours per year)*, the City of Cape Town launched the Drive Less, Live More campaign earlier this year, ...

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Lagos' Wooden Tower presents an alternative to the city's reliance upon concrete

  • 20-09-2017
  • Bizcommunity.com

Designed and conceptualised by Cameroonian architecture firm, Hermann Kamte & Associates (HKA), Lagos' Wooden Tower is a proposed addition to Nigeria's capital and one of Africa's most populated cities. A unique wooden structure that is designed t...

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Abland to develop new 24-storey office skyscraper in CT

  • 20-09-2017
  • Bizcommunity.com

Property developer Abland, together with JV partners The Ellerine Brothers, will develop Cape Town's newest office tower, 35 Lower Long, situated on Lower Long Street in the City Bowl. Construction has already commenced with the internal stripping...

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South Africa sees no hurry for new coal, gas power projects

  • 20-09-2017
  • IOL

JOHANNESBURG - South African programs to add coal and gas power generation from independent providers should wait until policies are updated and the nation’s future needs are clearer, said Energy Minister Mmamaloko Kubayi. The government is also s...

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