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Andrew Dittberner
December 08, 2016

Value vs Growth - are we at an inflection point?

in Office, Retail, Industrial, Hotels and Residential
Over the long term, value styled investing outperforms growth styled investing. However, for the last seven years, both globally and in South Africa, value investing has underperformed.
Nic Morris Texton Property Fund CEO
December 08, 2016

Texton Property Fund Limited appoints Nic Morris as CEO

in Listed Property, REIT, Real Estate Funds
Texton Property Fund Limited (JSE:TEX), a South African real estate investment trust (REIT) has appointed Nic Morris as its Chief Executive Officer (CEO), with effect from 1 December 2016.
Mall de Tete
December 08, 2016

Acquisition of a new a grade retial shopping centre anchored by multi-national tenants with US dollar underpined leases

in Listed Property, REIT, Real Estate Funds
Acquisition of a new a grade retial shopping centre anchored by multi-national tenants with US dollar underpined leases.
Jacek Baginski
Dec 07, 2016

Change to the board of directors and to the executive function of a director

Shareholders are advised that Mr Maciej Drozd will step down from his position as chief financial officer of EPP and Mr…
Aerial view Kgoro Precinct Sandton
Dec 07, 2016

Green Building Council South Africa launches Green Star - Communities Pilot…

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Karen Petersen
Dec 07, 2016

United African Marine Insurance Brokers (PTY) Limited acquires 20 5202 retail land…

Two sites at the Cornubia mixed-use development north of Durban, will break ground early in 2017. 
John LoosFNB
Dec 07, 2016

Building confidence increases for second consecutive quarter in Q4

The FNB/BER Building Confidence Index rose to 40 points in 4Q2016, its best level in 12 months.
EDO Menlyn
Dec 07, 2016

Thought Leadership - Going Shopping

Value for money is always going to be a key motivator when it comes to shopper behaviour.

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Company Profile

Abacus DIVISIONS

Abacus DIVISIONS is a Centurion based property company with strong interests, services and a portfolio of properties in the commercial and leisure sectors of the market. We were founded in 2002 and is driven by a strong entrepreneurial spirit. Our offices are…

Property Leader

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Thabo Vincent Mokgatlha

Mr. Thabo Vincent Mokgatlha, B Compt (Hons), CA (SA), serves as Chief Executive Director at Nutritional Holdings Limited. Mr. Mokgatlha served as Financial Director of Royal Bafokeng Resources Management Services (Pty) Limited and Royal Bafokeng Resources…
Wednesday, 22 September 2010 02:00

Milestones in expansion of Cape Town container terminal

Written by eProp Commercial Property News
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The R5.4bn, five-year expansion programme at the Cape Town container terminal continues to transform South Africa's second largest container facility.

Chris WellsThe R5.4 billion, five-year expansion programme at the Cape Town container terminal continues to transform South Africa's second largest container facility into a modern facility that will be capable of handling nearly double its existing cargo capacity by 2012.

Major dredging, deepening and refurbishment work on the second of four berths is well underway and will be completed by May 2011. The first 100m of Berth 602 has been handed over recently to terminal operations. Coupled with the already refurbished Berth 601, this affords the terminal 420m of berth space to accommodate one large 305m vessel along its long quay.

Says Transnet Port Terminal's (TPT) Western Province Terminal Executive, Velile Dube: "There have been some challenges. Most significant of these is the complexity of maintaining uninterrupted operations at the container terminal while it is effectively a construction site.

"However we are well on our way towards transforming the container terminal into a modern four berth facility that will assist in meeting the demands of the rapid growth in the container sector."

The upgrades to all four berths and the Ben Schoeman Basin will enable larger new generation vessels to enter and 'park' safely at the container facility.

Inside the terminal, the fleet of harbour cranes has been beefed up to improve the efficiency of container handling. On Friday, 27 August, the fifth and sixth Liebherr ship-to-shore cranes were commissioned and worked on their first vessel on Monday, 30 August.

These cranes were slipped into position on Berth 601 by specialised trailers on 13 and 14 August. With a total of six new Liebherr cranes in place, Berth 601 offers high productivity container handling that is faster and more efficient.

The fleet of straddle carriers in Cape Town is also being phased out in favour of massive rubber-tyred gantry (RTG) cranes, which make better use of limited space by stacking six rows wide, five containers high and 30 deep.

To date 20 RTG cranes have been commissioned and handed over to the terminal, with the remaining eight scheduled for handover between the end of September and the end of October.

Four more RTGs and some of the straddle carriers are being transferred to Durban's container terminals.

Refrigerated containers, or reefers, will benefit from the handing over on 26 August of 864 reefer plug points in reefer block 1. The overall expansion programme will result in three reefer stacks with a total of 2,712 reefer points served by gantry cranes.

Human capital development has also been a major aspect of the expansion programme. The terminal's new cranes necessitated an aggressive training programme for operators of lifting equipment (OLEs), with 33 OLEs joining operations in August and bringing the total number of newly trained OLEs to 120. Additional training in operation of ship-to-shore cranes will take place from January 2011.

Dube said the five year expansion project is one of several Transnet projects taking place within South Africa's container sector, with the aim of creating additional capacity ahead of demand. By 2012, the capacity of the terminal will be 1.4 million TEUs, nearly double its existing 740,000 TEU capability.

 

Last modified on Wednesday, 30 October 2013 09:31
Nedbank Property Finance is a market leader in commercial property finance, enabling you to realise your property opportunities through a diverse range of financing solutions.

Listed Property, REIT, Real Estate Funds

Nic Morris Texton Property Fund CEO

Texton Property Fund Limited appoints Nic Morris as CEO

December 08, 2016 Listed Property, REIT, Real Estate Funds eProperty News
Texton Property Fund Limited (JSE:TEX), a South African real estate investment trust (REIT) has appointed Nic Morris as its Chief Executive Officer (CEO), with effect from 1 December 2016.

Office, Retail, Industrial, Hotels and Residential

Andrew Dittberner

Value vs Growth - are we at an inflection point?

December 08, 2016 Office, Retail, Industrial, Hotels and Residential eProperty News
Over the long term, value styled investing outperforms growth styled investing. However, for the last seven years, both globally and in South Africa, value investing has underperformed.

Green Building and Sustainability

Aerial view Kgoro Precinct Sandton

Green Building Council South Africa launches Green Star - Communities Pilot Programme in South Africa

December 07, 2016 Green Building and Sustainability eProperty News
The Green Building Council South Africa (GBCSA) today announced the launch of the locally applicable version of the Green Star – Communities rating tool in South Africa.

Commercial Property Auctions

J_Arthur_Brown

Fidentia's One & amp; Only Hotel sells for R39m

December 02, 2016 Commercial Property Auctions eProperty News
Fidentia fraud case, masterminded by Fidentia boss J Arthur Brown, is over as his One & Only Hotel is sold for R39m.

Africa, International Property News

Andrew Coombs SRE

Sirius Real Estate targets main board

December 07, 2016 Africa, International Property News eProperty News
Sirius expects to move to the JSE's main board in late January or early February.

Construction, Energy and infrastructure

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