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[BizTrends 2016] African mega-projects: opportunities and challenges for specialist insurers

Infrastructure development is booming across Africa, due in no small part to significant economic growth and foreign direct investment. Mega-infrastructure projects have massive price tags...

By Karl Bishop

Zimbabwe company inks USD1.1bn thermal power deal with China

A Zimbabwean company on Thursday, 23 July 2015, signed a $1.1bn agreement with the China State Construction Engineering Corporation (CSCEC) to build a 600-megawatt thermal power plant, a move expected to ease power cuts in the country...

PPC cements African growth plan with new Zimbabwe plant

PPC is spending $200m on expanding its production facilities in Zimbabwe by 2020 as the nation's cement market evolves from mostly cash-in-hand sales for home building and renovation to renewed maintenance spending on national infrastructure...

By Mark Allix

Globalstar to deliver satellite coverage to Southern Africa

Now that its gateway in Gabarone has gone live, Globalstar can deliver affordable simplex coverage across Southern Africa...

Zimbabwe power utility in $5bn expansion drive

Zimbabwe's power utility has budgeted $5bn for projects to scale up electricity generation, as the country battles a crippling deficit, an executive said...

Africa strikes back

South African engineers working on mines and at a gas plant in Mozambique have been taken to secure camps after threats of reprisal xenophobic attacks...

By The Times Editorial Team

RICS examines future vision for African real estate

A key takeout at the RICS (Royal Institution of Chartered Surveyors) Africa 2015 Summit in Johannesburg last week is that Africa is taking its place on the world stage in terms of real estate, infrastructure and construction...

SKA African partner countries meet in Pretoria

Ministers from African member countries of the Square Kilometre Array (SKA) mega project met in Pretoria on Wednesday to discuss future cooperation in radio astronomy...

AUIIF an opportunity to debate infrastructure development

Angola will host the Africa Urban Infrastructure Investment Forum (AUIIF) early next year...

Transnet seeks greater SADC investment in rail networks

Transnet has pleaded with Southern African Development Community (SADC) countries to invest more on railway infrastructure to improve intra-regional trade.

By Mpho Sibanyoni

SAB seeks African growth via larger maltings plant

The local arm of SABMiller (SAB)‚ South African Breweries' maltings division is looking to supply product to other African countries following its investments to expand capacity‚ according to the unit's general manager Thinus van Schoor.

By Nick Hedley

Grindrod, Northwest Rail to develop copper railway in Zambia

Grindrod‚ a JSE-listed freight and logistics service provider‚ through its wholly owned subsidiary Grindrod Mauritius‚ will work with Zambia's Northwest Rail Company to build‚ operate and maintain a new 590km Cape gauge railway from Chingola in the Zambian copperbelt to the Angolan border.

By Mark Allix

Zuma calls for increased trade between SA, DRC

President Jacob Zuma says South Africa and the Democratic Republic of Congo (DRC) must explore ways to stimulate trade and investment between the two countries.

Property listings on the move

The sell-off in property stocks over the past four months has made it less attractive for unlisted real estate companies and developers to bring their shopping centres, offices and warehouses to the JSE. Since May prices have dropped around 13% and yields have risen from an average 6,2% to 7%.

By Joan Muller

AngloGold's Kibali starts early‚ within budget

AngloGold Ashanti said on Wednesday (25 September) that the Kibali Gold Mine‚ a joint venture with Randgold Resources‚ has successfully delivered its first gold early and within budget.

Africa fund heads for JSE

Three years ago only a handful of formal shopping centres exceeding 10,000m² were scattered across Africa north of SA's borders. And not a single JSE-listed property company had a presence on the continent.

By Joan Muller

Open for business

A Bizcommunity Press Office has become the obvious means by which to constructively steer what you want people to know, think and perceive about your company in the public realm.

Issued by Bizcommunity.com

Resilient reaps benefits of diverse investments

The Resilient group of listed property funds has outperformed other established property groups thanks to the dominance of the funds in the market segments they focus on, according to Ndabe Mkhize, portfolio manager at Stanlib.

By Nick Hedley

Edcon's first quarter retail sales up 3.2%

Retailer Edcon said on Thursday (22 August) that retail sales increased 3.2% to R6.205bn in the first quarter of the current financial year.

Massmart profits fall with consumers under pressure

Walmart-owned Massmart on Thursday (22 August) reported a 9.9% fall in first-half profits‚ as consumers in Africa's largest economy came under pressure.

By Zeenat Moorad

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