Building & Construction News

A tentative recovery in property market

  • 18-09-2020
  • IOL Business Report

CAPE TOWN - An interest rate cut yesterday would have provided some relief for the weak economy and boosted the housing market, although there are already tentative signs of a recovery in the sector, industry executives said. The South African Res...

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City of Cape Town appeals against provincial authorisation of R4-billion River Club development

  • 18-09-2020
  • Daily Maverick

The environmental authorisation given by the Western Cape government for a mega-development at the River Club in Observatory does not comply with provisions in the National Heritage Resources Act, according to a City department and the provincial her...

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PPA19496,19497,19498

R1.3 billion hotel in Umhlanga to open in November

  • 17-09-2020
  • IOL

DURBAN - KwaZulu-Natal MEC for Economic Development Nomusa Dube-Ncube, has announced on Tuesday the opening of a new property development in the Umhlanga area, north of the Durban central business district, which costs over R1 billion (around US$60 m...

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Cote d’Ivoire to construct largest LPG storage facility in Sub-Saharan Africa

  • 17-09-2020
  • Construction Review Online

The Ivory Coast, also known as Côte d’Ivoire is set to construct a 12,000 Metric Tonnes Liquefied Petroleum Gas (LPG) storage facility which upon completion will become the largest of its kind in the in Sub-Saharan Africa. This is after the Nation...

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Joburg’s Jewel City set for further R1bn investment

  • 16-09-2020
  • Moneyweb

Divercity Urban Property Fund is eyeing further investments in the Joburg CBD, as well as into an all-new urban renewal project in the Randburg CBD. The unlisted fund, which is a joint venture between property groups Atterbury and Ithemba Property...

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Highways being built across Egypt’s pyramids plateau enrages critics

  • 16-09-2020
  • Business Live

Memphis, Egypt — Egypt is building two highways across the pyramids plateau outside Cairo, reviving and expanding a project that was suspended in the 1990s after an international outcry. The Great Pyramids, Egypt’s top tourist destination, are the...

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Large infrastructure projects - galvanising government into action

  • 15-09-2020
  • Bizcommunity.com

South Africa is facing a recession of enormous proportions following the Covid-19 health crisis which exacerbated our existing economic woes. Infrastructure-led economic growth is generally considered to be a very effective way of recovery from a slu...

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PPA24754 - PPA24755

Cape Town’s East City Precinct attracting European and US buyers despite pandemic

  • 15-09-2020
  • Property Funds World

Just nine months after launching to market, 63 per cent of The Harri, a new 48-unit apartment block and mixed-use property development going up at 75 Harrington Street in Cape Town’s East City Precinct, has sold off-plan. Only 16 of 42 studio apar...

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R3bn GO!Durban project hits a snag as city locks horns with taxi owners

  • 14-09-2020
  • IOL

Durban - A visibly complete new route, for GO!Durban, integrated rapid bus system has certainly enhanced the landscape of Pinetown CBD, but it remains a pipe dream as the eThekwini municipality locked horns with taxi owners over its operation. The...

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Smart cities – a reality for South Africa?

  • 14-09-2020
  • Property Wheel

Rainmaker Marketing recently held their ninth informative property webinar since the start of the national lockdown. With an international panel of experts, the online discussion revolved around the concept of some of the best smart cities interna...

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