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Jacques Du Toit Absa Hoam Loans
February 23, 2017

Minor adjustments to transfer duty on property in the 2017 Budget

in Office, Retail, Industrial, Hotels and Residential
The 2017 national Budget was tabled in the South African Parliament by the Minister of Finance, Pravin Gordhan, on Wednesday, 22 February 2017.
Pravin Gordhan Finance Minister
February 22, 2017

Pravin Gordhan raises transfer duty threshold from R750 000 to R900 000

in Office, Retail, Industrial, Hotels and Residential
The raising of the threshold for transfer duty on properties sold for less than R900 000, up from R750 000, as announced in today’s National Budget, is positive news as it provides some relief for first time home buyers, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Lesetja_Kganyago_SARB_Governor
February 22, 2017

GDP to average 1.3% in 2017, SA needs to boost investment

in Office, Retail, Industrial, Hotels and Residential
South Africans can expect growth of 1.3% in 2017, which is expected to improve moderately to over 2% in the medium term, Finance Minister Pravin Gordhan said on Wednesday.
Pravin Gordhan Finance Minister
Feb 22, 2017

Good news for affordable housing market

As Finance Minister Pravin Gordhan tabled what appeared to be a pro-poor budget, he has announced that relief will be…
Dawie Roodt
Feb 22, 2017

South African economy for retailers with Dawie Roodt and the South African Council…

Acclaimed economist Dawie Roodt shared his insights on the local and global economic landscape for retailers at the…
Maerua Mall Namibia
Feb 21, 2017

Maerua Mall begins interior upgrade

Maerua Mall, established in 1990, is Windhoek’s original shopping centre. Located close to the heart of Namibia’s…
Solar Lights
Feb 21, 2017

Energy efficient ways to light up your garden

The sun might be setting a little earlier than it did at the beginning of the year.
Stor Age CEO Gavin Lucas
Feb 21, 2017

Stor-Age close R500 million acquisition

JSE self storage REIT, Stor-Age, today announced that it had raised R400 million in a significantly oversubscribed book…

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The new Ballito Junction Regional Mall is taking the hassle out of going shopping.

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  • CEO Profile: Innovation, entrepreneurship drive Mercantile Bank CEO, Karl Kumbier

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  • Tower Property Fund's wobbly share price not a true reflection of group’s meteoric rise

    Tower Property Fund's wobbly share price not a true reflection of group’s meteoric rise

  • NEPI investors rubbing their hands with glee as property portfolio rakes in dividends

    NEPI investors rubbing their hands with glee as property portfolio rakes in dividends

  • Every building counts for award-winning property industry powerhouse, Marna van der Walt

    Every building counts for award-winning property industry powerhouse, Marna van der Walt

  • Fieldspace Property Management goes Green

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  • Fieldspace Property Group strives for multi-generation growth

    Fieldspace Property Group strives for multi-generation growth

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Featured Profiles

  • CEO Profile: Innovation, entrepreneurship drive Mercantile Bank CEO, Karl Kumbier

    CEO Profile: Innovation, entrepreneurship drive Mercantile Bank CEO, Karl Kumbier

  • Fieldspace Property Management goes Green

    Fieldspace Property Management goes Green

  • CEO Profile: Hard work pays off handsomely for Marius Muller, CEO of Pareto Limited

    CEO Profile: Hard work pays off handsomely for Marius Muller, CEO of Pareto Limited

  • Fieldspace Property Group strives for multi-generation growth

    Fieldspace Property Group strives for multi-generation growth

  • Tower Property Fund's wobbly share price not a true reflection of group’s meteoric rise

    Tower Property Fund's wobbly share price not a true reflection of group’s meteoric rise

  • CEO Profile: Dealmaking and passion for property steer Laurence Rapp to Vukile Property Fund CEO position

    CEO Profile: Dealmaking and passion for property steer Laurence Rapp to Vukile Property Fund CEO position

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Company Profile

GGK Properties

Planning to buy, sell or lease Commercial property? GGK Properties specialises in Commercial and Industrial and Residential property in Ballito and surrounding areas. GGK Properties has an extensive selection of Commercial and Industrial and Residential…

Property Leader

Tim Modise

Tim Modise

If Tim Modise were a woman, he'd care very little about handbags, lipstick and heels.
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

Stor Age CEO Gavin Lucas

Stor-Age close R500 million acquisition

February 21, 2017 Listed Property, REIT, Real Estate Funds eProperty News
JSE self storage REIT, Stor-Age, today announced that it had raised R400 million in a significantly oversubscribed book build to fund its milestone acquisition of Storage RSA (“RSA”), one of the country’s largest private self storage operators. 

Office, Retail, Industrial, Hotels and Residential

Jacques Du Toit Absa Hoam Loans

Minor adjustments to transfer duty on property in the 2017 Budget

February 23, 2017 Office, Retail, Industrial, Hotels and Residential eProperty News
The 2017 national Budget was tabled in the South African Parliament by the Minister of Finance, Pravin Gordhan, on Wednesday, 22 February 2017.

Green Building and Sustainability

Rosebank Link

Redefine Properties announces plans for new 15-storey office tower in Rosebank

February 14, 2017 Green Building and Sustainability eProperty News
JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has announced plans for Rosebank Link, a new 15 storey office tower located at 173 Oxford Road in the heart of bustling and cosmopolitan Rosebank.

Commercial Property Auctions

Norman Raad CEO Broll Auctions Sales

Prime located buildings in Cape Town & Pretoria sold on auction

December 12, 2016 Commercial Property Auctions eProperty News
Ending the year on a high note, the November 2016 auction held by Broll Auctions and Sales proved a great success with a number of noteworthy sales taking place.

Africa, International Property News

Xander Nijnens Senior Vice President

Increasing liquidity in Sub-Saharan Africa hotel real estate market

February 10, 2017 Africa, International Property News eProperty News
Investment grade hotel assets on the continent are traditionally tightly held due to the dominance of owner operators, high net worth individuals and family offices.

Construction, Energy and infrastructure

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Mauritius produces the youngest ever RICS Fellow in Africa

December 12, 2016 Construction, Energy and Infrastructure eProperty News
Firmly established on the global map as a progressive business hub with a thriving economy, Mauritius is becoming a breeding ground for professionals, this despite the fact that this small island in the Indian Ocean only has a population of about 1.3 million…

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