Latest News

Growthpoint the new Discovery global headquarters in Sandton Central
October 18, 2017

New Discovery head office is certified green

in Green Building and Sustainability
The new Discovery global headquarters in Sandton Central has become the largest new build project to receive a 5 Star Green Star rating by the Green Building Council South Africa (GBCSA) to date.
Edgar Pieterse
October 18, 2017

Private and public sectors still entrenching urban sprawl, says UCT professor

in Green Building and Sustainability
If private- and public-sector land investment in our cities concentrates on keeping the haves away from the have-nots, urban sprawl will be encouraged, Professor Edgar Pieterse, told Green Building Convention 2017 delegates at Century City in Cape Town last week.
Phil Barttram MSCI
October 18, 2017

IPD South Africa Green Property Index highlights link between green buildings and investment performance

in Green Building and Sustainability
MSCI Inc. (NYSE: MSCI) recently released the IPD South Africa Annual Green Property Index.
Christo Jonker CEO Prevance
Oct 13, 2017

Light at the End of the Tunnel

Buying a home is one of the biggest investment decisions a person will ever make.
Andrew Konig Redefine Properties CEO
Oct 13, 2017

Redefine Properties recognised as top employer in South Africa by Top Employer…

JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has been officially…
Brainworks List on the JSE
Oct 13, 2017

Brainworks debuts as first Zimbabwean company with primary JSE listing

Brainworks Limited (“Brainworks”) debuted successfully on the JSE Main board under the “Equity Investment Instruments”…

Popular

The Property Practitioners Bill set to transform the entire property market

Sep 19, 2017
Storme Heath CAF2
Gazetted in March 2017 for comment, the long-awaited Property Practitioners Bill is intended to repeal the Estate…

Ballito Junction Regional Mall is crowned the best new shopping centre in South…

Sep 22, 2017
Aerial image of Ballito Junction
Ballito Junction Regional Mall has been named the best new shopping centre development in South Africa this year.

Jones Lang LaSalle South Africa 2017Q2 reports reveal useful trends on industrial,…

Sep 21, 2017
Christian Ulbrich
Real estate consulting firm, JLL South Africa, has released its Q2 2017 research reports of the industrial markets in…

Rode & Associates says Capitalization rates are now firmly on a rising path

Sep 22, 2017
Johan Hattingh
Property, whether directly held or listed, was the darling of South African investors over the past decade and longer.

ADvTech Properties to expand asset base to R6bn by 2022

Sep 26, 2017
Vongani Mbhokota
The properties division of JSE-listed ADvTECH, Africa’s leading private education provider, has embarked on an…

Attacq recognised for top performance in industrial and office property sectors

Sep 26, 2017
Attacq Group
Attacq has once again been bestowed top honours for exceptional performance in the MSCI South Africa Real Estate Awards.

Featured

  • 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

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

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

  • 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

  • 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

  • New Vantage Properties concludes sale of Hyde Park’s Hutton Court

    New Vantage Properties concludes sale of Hyde Park’s Hutton Court

  • Urban Ocean’s ‘National Bank House’ and the historic ‘CornerHouse’ – great rental opportunities and a world-class model for inner city rejuvenation

    Urban Ocean’s ‘National Bank House’ and the historic ‘CornerHouse’ – great rental opportunities and a world-class model for inner city rejuvenation

  • PIC and Isibonelo declare halfway fruition of Tshwane Regional Mall

    PIC and Isibonelo declare halfway fruition of Tshwane Regional Mall

  • How smart corporates are maximising returns by consolidating their property footprint

    How smart corporates are maximising returns by consolidating their property footprint

  • The pros and cons of investing in UK retirement homes

    The pros and cons of investing in UK retirement homes

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

Featured Profiles

  • Urban Ocean’s ‘National Bank House’ and the historic ‘CornerHouse’ – great rental opportunities and a world-class model for inner city rejuvenation

    Urban Ocean’s ‘National Bank House’ and the historic ‘CornerHouse’ – great rental opportunities and a world-class model for inner city rejuvenation

  • New Vantage Properties concludes sale of Hyde Park’s Hutton Court

    New Vantage Properties concludes sale of Hyde Park’s Hutton Court

  • 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

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

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

  • PIC and Isibonelo declare halfway fruition of Tshwane Regional Mall

    PIC and Isibonelo declare halfway fruition of Tshwane Regional Mall

  • The pros and cons of investing in UK retirement homes

    The pros and cons of investing in UK retirement homes

  • How smart corporates are maximising returns by consolidating their property footprint

    How smart corporates are maximising returns by consolidating their property footprint

  • 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

  • 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

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

Company Profile

Permanent Trust

The name Permanent Trust has been synonymous with property for many years. In fact the company was founded by the late Robert Kaplan in 1923 as a Real Estate Business to sell plots in a seaside township at Kleinmond and over the past 80 years has grown into a…

Property Leader

Marc Ashton

Marc Ashton

South African financial journalist and entrepreneur and now Managing Director of Moneyweb after handling the turnaround at Finweek magazine.
Thursday, 09 December 2010 02:00

Transnet revises pipeline costs to R23.4bn

Written by eProp Commercial Property News
Rate this item
(0 votes)

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

Andrew Konig Redefine Properties CEO

Redefine Properties recognised as top employer in South Africa by Top Employer Institute

October 13, 2017 Listed Property, REIT, Real Estate Funds eProperty News
JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has been officially certified as a Top Employer 2018, for the third consecutive year.

Office, Retail, Industrial, Hotels and Residential

Christo Jonker CEO Prevance

Light at the End of the Tunnel

October 13, 2017 Office, Retail, Industrial, Hotels and Residential eProperty News
Buying a home is one of the biggest investment decisions a person will ever make.

Green Building and Sustainability

Growthpoint the new Discovery global headquarters in Sandton Central

New Discovery head office is certified green

October 18, 2017 Green Building and Sustainability eProperty News
The new Discovery global headquarters in Sandton Central has become the largest new build project to receive a 5 Star Green Star rating by the Green Building Council South Africa (GBCSA) to date.

Commercial Property Auctions

ERF 112227 Epping Cape Town

Clear Asset to auction Dairybelle's Epping properties and moveables in final Liquidation order

June 16, 2017 Commercial Property Auctions eProperty News
Clear Asset to auction Dairybelle's Epping properties and moveables in final Liquidation order.

Africa, International Property News

Hadley Dean

Echo Polska Properties office disposal puts it on track to become pure retail player

October 04, 2017 Africa, International Property News eProperty News
JSE listed Echo Polska Properties (EPP) today announced an agreement to dispose of an office portfolio for €160 million.

Construction, Energy and infrastructure

Charl du Plessis

Ensuring the shortest possible payback period vital for commercial solar

October 10, 2017 Construction, Energy and Infrastructure eProperty News
The payback period on commercial solar photovoltaic (PV) systems has decreased substantially and many companies can now expect solar panel installations to pay for themselves within five years or less. 

Most Popular

The Property Practitioners Bill set to transform the entire property market

Sep 19, 2017
Storme Heath CAF2
Gazetted in March 2017 for comment, the long-awaited Property Practitioners Bill is…

Ballito Junction Regional Mall is crowned the best new shopping centre in South Africa

Sep 22, 2017
Aerial image of Ballito Junction
Ballito Junction Regional Mall has been named the best new shopping centre development in…

Jones Lang LaSalle South Africa 2017Q2 reports reveal useful trends on industrial, office and retail property sectors

Sep 21, 2017
Christian Ulbrich
Real estate consulting firm, JLL South Africa, has released its Q2 2017 research reports…

Rode & Associates says Capitalization rates are now firmly on a rising path

Sep 22, 2017
Johan Hattingh
Property, whether directly held or listed, was the darling of South African investors…

ADvTech Properties to expand asset base to R6bn by 2022

Sep 26, 2017
Vongani Mbhokota
The properties division of JSE-listed ADvTECH, Africa’s leading private education…