Latest News

Brian Wilkinson GBCSA CEO
September 23, 2016

Green Building Council of South Africa aims to change perspectives during World Green Building Week

in Green Building and Sustainability
The impact of buildings on the environment is astounding, with the built environment currently accounting for 25% of the world’s water usage and 60% of its electricity. But it doesn’t have to be this way.
Andrew Golding Pamgolding
September 23, 2016

Repo rate decision a timeous spring boost for home buyers says Dr Andrew Golding

in Office, Retail, Industrial, Hotels and Residential
Welcoming today’s decision by the Monetary Policy Committee meeting to again hold the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property group, said that South Africa’s housing market continues to demonstrate maturity and ongoing resilience.
Lesetja Kganyago Governor
September 22, 2016

Repo rate unchanged in September

in Office, Retail, Industrial, Hotels and Residential
The Reserve Bank’s Monetary Policy Committee (MPC) has kept the repo rate unchanged at 7% per annum.
Mark Stevens SAREIT
Sep 22, 2016

Industrial sector holds prospects for listed property

There are opportunities for listed property companies in the industrial sector, especially in developing specialised…
Vincent Joyner Hospitality Property Fund
Sep 22, 2016

Tsogo Sun shakes up management of Hospitality Property Fund

Hospitality Property Fund will get a new CEO and financial director‚ following its takeover by Tsogo Sun.
Central Square Menlyn Maine ribbon cutting ceremony
Sep 21, 2016

Central Square introduces top shopping that puts the environment first

Central Square at Menlyn Maine opened today in Tshwane, introducing some of SA’s most environmentally-friendly,…
Joe de Beer Statistics SA
Sep 21, 2016

Consumer Price Index (CPI) eases slightly in August

The annual Consumer Price Index (CPI) eased to 5.9% in August 2016, Statistics South Africa (Stats SA) announced on…
Louw Liebenberg Small
Sep 21, 2016

SA sees a return to stable rental growth

According to the quarterly PayProp Rental Index, the average South African rental for Q2 2016 was R6 570.50, a 6.4%…

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Company Profile

Galetti Knight Frank

Galetti Knight Frank

ABOUT US: Galetti is one of South Africa’s leading commercial and industrial brokerages. Led by a team of highly dynamic and passionate property specialists, the company has earned itself a trusted reputation within the industry. Galetti is committed to…

Property Leader

Baden marlow

Baden Marlow

Baden Marlow is the Chief Financial Officer and an Executive Director at Acucap Properties. 
Thursday, 09 December 2010 02:00

Transnet revises pipeline costs to R23.4bn

Written by eProp Commercial Property News
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Transnet has revised the cost of its new multi-product pipeline to R23.4bn, the parastatal said.

Chris WellsTransnet has revised the cost of its new multi-product pipeline (NMPP) to R23.4 billion, the parastatal said on Wednesday.

This is up from the initial forecast of R11.1 billion in 2008.

In 2009 the cost was put at R12.67 billion and in November 2009 the cost increased to R15.4 billion.

Chris Wells, Transnet's acting chief executive attributed the revision to a number of reasons "including engineering and changes in scope, too tight a construction schedule at the outset and significant increases to steel and equipment costs compared to the original estimates".

The pipeline will replace the old line from Durban to Johannesburg that was built 45 years ago and which is nearing the end of its design life.

Wells added that the NMPP was being funded off Transnet's balance sheet "just as we have done with other projects".

Turning to Transnet's bond issuance, Wells noted that the preparatory work had been done and it was preferred that the bond be issued in dollars.

"We can afford to be opportunistic though in issuing the bond as we don't really need money right now."

The bond was to have been issued around six months ago but Wells said that the Greek sovereign debt crisis had broken out which had halted the process.

 

Last modified on Wednesday, 30 October 2013 08:32

Listed Property, REIT, Real Estate Funds

Mark Stevens SAREIT

Industrial sector holds prospects for listed property

September 22, 2016 Listed Property, REIT, Real Estate Funds eProperty News
There are opportunities for listed property companies in the industrial sector, especially in developing specialised warehousing and distribution centres, say experts.

Office, Retail, Industrial, Hotels and Residential

Andrew Golding Pamgolding

Repo rate decision a timeous spring boost for home buyers says Dr Andrew Golding

September 23, 2016 Office, Retail, Industrial, Hotels and Residential eProperty News
Welcoming today’s decision by the Monetary Policy Committee meeting to again hold the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property group, said that South Africa’s housing market continues to demonstrate maturity and ongoing resilience.

Green Building and Sustainability

Brian Wilkinson GBCSA CEO

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September 23, 2016 Green Building and Sustainability eProperty News
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Commercial Property Auctions

Aerial view cold storage in Bellville

Second half of 2016 more positive for property sector, says Broll Auctions and Sales

September 16, 2016 Commercial Property Auctions eProperty News
Following the uncertainty prior to the elections, the second half of the year should be much more positive for the property sector, according to Norman Raad, CEO of Broll Auctions and Sales.

Africa, International Property News

Spur_Corporation

Spur Corporation FY headline earnings up 15.9% to R164.0m

September 14, 2016 Africa, International Property News eProperty News
Spur Corporation’s results for the year to June suggest the pressures facing consumers are being felt most acutely in the lower end of the market.

Construction, Energy and infrastructure

The Yacht Club Cape Town

Amdec’s The Yacht Club breaks ground with 80% of its apartments sold out

September 20, 2016 Construction, Energy and Infrastructure eProperty News
Construction has commenced at The Yacht Club, a unique R1.3bn mixed-use iconic development by the Amdec Group, South Africa’s leading developer of New Urban lifestyles.

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