Monday, 19 January 2004 02:00

Africa's grid a step closer to reality

POWER utility Eskom's longstanding vision of harnessing the hydroelectric potential of the Congo River moved a step closer this week with the pending signing of the intergovernmental memorandum of understanding.

SA's trade with Africa, particularly exports, has surged dramatically in the post-isolation years, with average annual export growth greater than with traditional trading partners.

Wednesday, 13 August 2003 02:00

Development controls

THE CITY OF THE FUTURE

 Cape Town The New Partnership for African Development (Nepad) is planning to set up an advisory panel on biotechnology and biosafety to guide African leaders through the controversial terrain of genetic engineering.

THE surge in UK property giant Liberty International’s share price (both in SA and the UK) since the beginning of May has caught the market by surprise, especially as latest indications are that the UK spending boom is slowing.

TURNER and Townsend, a global player in construction and management consulting with a strong presence in South Africa, has won Britain's Queen's Award for Enterprise in its international division.

Construction IndustryThe award recognises exceptional high standards of service in every country in which it has a presence. Group chairman Tim Wray said:

"This award recognises the skills and dedication of all our staff worldwide. It is a wonderful achievement and everybody at Turner and Townsend can take pride in it.

"The foundations we have laid within the group as a whole have given us the skills and confidence to take on new challenges and new markets all over the world."

For Wray, the Queen's Award was especially significant, since he was instrumental in starting the group's international operations 21 years ago with the first office in South Africa.

Other branches followed, in Europe and Asia-Pacific. Now with 36 offices, the majority outside the traditional UK base, the overseas staff numbers have risen from 191 to 367, while turnover figures have soared by more than 100%, doubling the international division's turnover and profit.

Southern Africa remains the group's biggest base outside the UK. The company tackles projects on any scale from domestic housing up to large-scale developments, such as the domestic terminal at Johannesburg International Airport.

Other large projects carried out is the Cape Town Convention Centre, which was secured against stiff international competition, as was the case for the De Beers head office in Johannesburg, due to be opened next month.

The Sonnenberg Hoffman and Galombik House office development on the Foreshore is due for completion in October 2004, and is the biggest office development undertaken in the CBD in many years. Ian Donaldson, Partner in Turner and Townsend Africa, said:

"The company has invested in its staff over a long period and has built up a strong skills base, with expertise that enables the African operation to compete strongly in the global market and provides the capability to undertake projects internationally.

Our South African business continues to grow steadily on the back of a diversified approach, with an ever-increasing number of blue-chip clients."

 

Monday, 12 May 2003 02:00

Kersaf boosts its interest in Sisa.

 

Leisure and entertainment group Kersaf Investments, which holds stakes in Sun International SA (Sisa), City Lodge Hotels and Ster Century Europe and Middle East, has raised its effective stake in Sisa to 62,2% from 43,6% at a cost of R547m in a further step towards simplifying its structure and enhancing its underlying value.

Sunday, 27 October 2002 10:01

Listed property is still a safe harbour.

Amid choppy seas, the sector offers relative security, writes John Sukazi

Wednesday, 06 March 2002 03:01

Corovest enters UK market

COROVEST Capital Property Investment has entered the UK retail property market, buying 20% equity in a £241m fund that holds four UK subregional shopping centres.

Wednesday, 02 May 2001 03:01

Syndication and listed property returns

THE property syndication industry has been brought to a standstill largely as a result of a lack of liquidity, says Mike Flax, MD of Spearhead Property Holdings.

Page 10 of 11

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