CAPE TOWN: Rural Development and Land Reform Minister Gugile Nkwinti says creating jobs through cooperatives will lead to thousands of jobs and the development of rural communities. Read more >>
JOHANNESBURG: The Lesotho Highlands Development Authority says it expects Phase II of the Lesotho Highlands Project to be completed by mid-2023. Read more >>
The Master Builders Association of the Western Cape (MBAWC) has expressed its support of a statement by Trade and Industry Minister, Rob Davies, that the buying of South African goods and services should now be presented as an instruction rather than in the form of an appeal or advice. Read more >>
Basil Read's credit rating was left unchanged last week, though its rating agency warned that the loss of several experienced executives raised the construction company's risk profile. Read more >>
The National Home Builders Registration Council (NHBRC) and the University of Cape Town (UCT) have entered into a memorandum of understanding (MOU) to exchange knowledge and expertise on geotechnical engineering. Read more >>
Invicta Holdings, a distributor of capital equipment‚ spare parts and engineering consumables‚ will need to raise equity to partly fund any large acquisitions it undertakes as it sets out to earn 50% of its revenue outside South Africa. Read more >>
The fall in the FNB/BER building confidence index indicates that conditions in the building industry have deteriorated further. The index fell by 11 points to 41 in the second quarter. Read more >>
Industrial group Invicta has delivered a 15% rise in normalised headline earnings per share to R7.65 in the year to March‚ boosted by acquisitions made over the last year. Read more >>
African countries should create a more conducive climate for investment from independent power producers (IPPs) if they are to remedy their severe shortfall in power generating capacity. Read more >>
Standard Bank has played an instrumental role in the funding of more than 940MW of renewable energy as part of Eskom's Renewable Energy Independent Power Producer Procurement Programme (REIPPP). Read more >>
PRETORIA: With the need to respond decisively to South Africa's energy constraints, government is in the process of converting the National Nuclear and Energy Executive Coordinating Committee of Cabinet into a committee that will be responsible for the oversight and direction of activities for the energy sector. Read more >>
SANTIAGO, CHILE: Construction on the world's largest optical telescope began with a bang as workers demolished a hilltop in Chile's Atacama Desert. Read more >>
Cape Town will expand its rapid bus system to two townships after winning support from a taxi association that was opposed to the service. Read more >>
