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Hermanus
to get a facelift
A R1bn urban regeneration project has been launched in Hermanus,
opening up major property development opportunities in and around
the upmarket town in Western Cape. Intended to boost tourism in
the area, the Hermanus redevelopment will include refurbishment
of parts of the existing central business district, several new
residential developments and the addition of nine holes to the Hermanus
golf course.
(©www.bday.co.za)
Addington
hospital may go under the hammer
Durban's Addington Hospital, situated on prime property on South
Beach and, in the view of many, an eyesore and waste of valuable
land, may soon be up for sale to make way for new development. Provincial
Health Secretary Professor Ronald Green-Thompson confirmed substantial
sections of the hospital would be sold as part of the health department's
rationalisation process.
(©www.iol.co.za)
ApexHi
at the centre of buying activity
THE property loan stock sector has seen a flurry of corporate activity
this week with ApexHi at the centre of the storm. ApexHi, the recently
listed property loan stock company, announced the acquisition yesterday
of 91 properties for a consideration of R837,7m, boosting its portfolio
to R1,3bn. The transaction will be settled through a combination
of R315,3m in cash and the issue of about 104-million linked units.
(©www.bday.co.za)
Hot
price for big N Cape sun chimney
The environmental impact assessment (EIA) and feasibility study
for Eskoms project in the Northern Cape to generate electricity
using energy from the sun started this month.
(©www.engineeringnews.co.za)
Kruger
Park rebuilds to resist floods
Reconstruction of the worst flood damage to the Kruger National
Park (KNP) in 50 years has reached the halfway mark, reports Sebastian
Mathews of Umbono Management Consultants, which is overseeing the
project.
(©www.engineeringnews.co.za)
Bullet
train from airport to Sandton in 12 minutes
Imagine travelling from Johannesburg International Airport (JIA)
to Sandton in twelve minutes. Imagine booking your ticket to fly
from Sandton to Central London, and not from JIA to Heathrow. Imagine
the seven million foreign visitors arriving at JIA, now paying up
to R250 for a bus or taxi trip, taking the train to Sandton at much
less than R100 a ticket, with on-board television and even Internet
connectivity.
(©www.engineeringnews.co.za)
East
London secures R100m for water projects
The Amatole District Municipality (ADM) in East London, in the Eastern
Cape, has secured close to R100-million for water-services projects
from external funders for this financial year. Government communications
agency BuaNews reports that this is 238% more than the target of
R40-million, set in the ADM Water Services Department Plan (WSDP).
(©www.engineeringnews.co.za)
Virgin
Active takes strain
Richard Branson's Virgin Active is still struggling up an incline
150 days after muscling into the SA fitness and lifestyle sector
by plucking the Health & Racquet Club (H&RC) from the collapsed
heap of the once-mighty LeisureNet.
(©www.fm.co.za)
Examining
its last gasp loans...
The commission of inquiry into the collapse of LeisureNet - ranked
as the biggest corporate disaster in SA - kicks off early next month
with the focus clearly on "last gasp" loans made to the health and
fitness group by a variety of banks.
(©www.fm.co.za)
NEI
gets shareholder approval for the company to be liquidated
Northern Engineering Industries Africa (NEI) said yesterday it had
received shareholder approval for the liquidation of the company
and the sale of the businesses and assets of its operating divisions,
together with land and buildings, to Alstom, a French company. There
will be a liquidation dividend of about R11 for one NEI share. The
disposal is subject to Competition Commission approval.
(©www.bday.co.za)
New
SA acid plant by 2003
Following board approval, Merisol, the Sasol-Merichem
joint venture, has announced its intention to build a plant to manufacture
para-hydroxy benzoic acid (PHBA) in South Africa.
(©www.engineeringnews.co.za)
Four-plant
SAJapan chemicals project
Sasol hopes to have concluded negotiations with Japan's Mitsubishi
Chemical Corporation (MCC) to form a joint-venture company that
will construct acrylic acid and acrylates plants at its Midland
site, in Sasolburg, by the end of the year, says Sasol Solvents
MD Anton Putter.
(©www.engineeringnews.co.za)
Aug
start for second jv ferrochrome furnace
Swiss minerals group Xstrata has commissioned its newest ferrochrome
furnace at the Wonderkop plant in South Africa. Reuters reports
that Furnace 5 is the first of two furnaces constructed in a joint
venture with Samancor, a subsidary of newly-merged BHP Billiton.
(©www.engineeringnews.co.za)
US
drops pipe-dumping probe
It is too good to be true! Just weeks after voting
to institute anti-dumping investigations against South Africa and
four other steel pipe exporters, the US International Trade Commission
(ITC) has dropped all but one country from the target list. This
means that local producers will be able to continue exporting to
the lucrative US market, which absorbs 20 000 t of South African
welded steel tube and pipe with diameters up to 406 mm every year,
worth around $7-million.
(©www.engineeringnews.co.za)
State
rail firm in R1bn capex rollout
State-owned rail corporation Spoornet plans to spend R1-billion
on capital projects next year, much of which will go to the upgrading
of locomotives.
(©www.engineeringnews.co.za)
PGM
rush takes hold in SA
Gold, the traditional mainstay of South Africa's foreign exchange
earnings, has been eclipsed by platinum's more lively market, tied
to industrial demand. Record palladium and platinum prices over
the past 18 months have encouraged South African mining houses to
consider diversifying into platinum ventures and invest in huge
capital expenditure projects.
(©www.bday.co.za)
Anglo
postpones work on Gamsberg
With world zinc prices sitting in the sink, as JP Morgan says, it
was a good move. Anglo American has postponed construction at its
Gamsberg Zinc Mine yet again, not that this should surprise anyone,
given the state of the zinc market, which is surpassed by only the
sorry steel sector
(©www.bday.co.za)
Stainless
at vanguard of SA steel consolidation
The proposed Columbus-Acerinox deal hinges on formal written agreements
being negotiated and concluded among the parties, the satisfactory
completion of due diligence and the requisite approvals from the
respective boards, stock exchanges and other regulatory authorities
and third parties.
(©www.engineeringnews.co.za)
Eight
firms bid for Uganda power utilities
Uganda has invited eight international firms to bid for its electricity
generation and distribution companies, officials have said. Uganda's
Utility Reform Unit invited prequalification bids on Monday for
20-year concessions in the Uganda Electricity Distribution Company
(UEDC) and Uganda Electricity Generation Company (UEGC).
(©www.engineeringnews.co.za)
Six
shortlisted for SA-Moz pipeline
Energy firm Sasol has announced a shortlist of six contractors to
build a $600-million pipeline to supply natural gas from offshore
Mozambique to South Africa.
(©www.engineeringnews.co.za)
Moz
sugar industry receives boost
A new project guaranteed by the Multilateral Investment Guarantee
Agency (Miga), a member of the World Bank group, will help rehabilitate
and partially privatise Mozambiques largest sugar estate,
creating thousands of jobs and generating significant economic and
social benefits in the countrys Marromeu region.
(©www.engineeringnews.co.za)
Big
cement project plan for Morocco
Morocco's leading cement firm, Lafarge
Ciments, has launched the construction of a $103-million plant expected
to boost its output capacity by 25%. The new unit, Tetouan II, ten
kilometres from the northern city of the same name, is scheduled
to go on stream in August 2003 and produce up to a million tons
a year.
(©www.engineeringnews.co.za)
SA
taps into R8bn Nigeria power project
Some of the larger South African suppliers to the power-generation
sector have missed out on significant export opportunities and multimillion-rand
contracts with oil-rich, but power-starved Nigeria.
(©www.engineeringnews.co.za)
New
light-chrome pump material
THE South African subsidiary of an
international pumps and valves group is overseeing the manufacture
in this country of a revolutionary new abrasion and corrosion resistant
alloy, to a much higher standard than had previously been achieved
from imports, and is consequently hoping to export products made
from the material worldwide.
(©www.engineeringnews.co.za)
Enviro
accolade for lube-blend plant
Petroleum company Total South Africa continues to expand and upgrade
its Island View blend plant, in Durban, Kwazulu-Natal.
(©www.engineeringnews.co.za)
Guns before houses is folly too big to hide behind a Mercedes
The defence department owes ANC chief whip Tony Yengeni a big thank
you. The debate about whether he and others received kickbacks in
the R43 billion arms deal has been raucous enough to drown out any
small voices still asking questions about the merits of the deal
itself.
(©www.busrep.co.za)
New
home owners disillusioned
PORT ELIZABETH Three weeks ago when Rosina Sekotlo and her daughter
received keys to their four-roomed brick house, they were overjoyed:
they were one almost 300 families who had had to make way for the
development... Hardly three weeks had passed since she took occupation
of the house and already the roof and the toilet were leaking and
the cement floor was pot-holed: poor workmanship was beginning to
show.
(©www.bday.co.za)
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