Fortress Reit recently signed its biggest logistics development to date with Pick n Pay at its Eastport Logistics Park in Gauteng. The new development, owned 40% by Fortress and 60% by Pick n Pay once the subdivision has been approved and the transfer completed, will cover 36 hectares. Fortress will fund the incremental capital required…
Everyone takes water for granted and this begets complacency. Water may seem like a limitless resource, considering that most of the planet is covered in it. But freshwater, the kind that we need for drinking, farming and to sustain life itself, isn’t infinite. The United Nations Environment Programme has predicted that half the globe’s population…
South Africa’s Trans-Caledon Tunnel Authority (TCTA) has raised just over R15bn in capital markets to continue construction of the Lesotho Highlands water project, the minister of water and sanitation said on Tuesday, 25 May. The state-owned TCTA needed guarantees from the National Treasury before it could raise the private funding for the project which is…
Image source: Gallo/Getty It may sound odd but it’s a lesson learnt from cities across the world over the past two decades. Whether it was Sydney and Melbourne in Australia, Chennai in India, Barcelona in Spain or São Paulo in Brazil, we have seen that, too often, water crises occur because societies don’t take action…
The 2021 Master Builders Association (MBA) North Annual Regional Safety Competition is now underway. The competition, hosted by MBA North and sponsor Federated Employers Mutual Assurance Company (FEM), has been held annually for over 40 years to improve safety in the construction industry. Image source: Gallo/Getty “Not only are participants improving their safety audit outcomes…
Minister of public works and infrastructure Patricia De Lille, together with the head of the Special Investigating Unit (SIU), Advocate Andy Mothibi, will launch a forum to monitor infrastructure projects more effectively and put systems in place to detect and prevent corruption. Image source: Gallo/Getty The initiative comes at a time when South Africa has…
After having recently suffered a stroke, Sephaku CEO Pieter Fourie passed away on Wednesday, 19 May, the company has announced. Fourie was CEO of Dangote Cement SA, trading as Sephaku Cement, and a non-executive director of SepHold. Sephaku CEO Pieter Fourie passed away on Wednesday, 19 May. Image source: metiersa.co.za “Pieter was part of the…
A major part of the dams within the Integrated Vaal River System (IVRS) have this week seen a decrease in levels, while others have remained unchanged for the second subsequent week, with just one recording an increase. Image source: Gallo/Getty In a statement released on Wednesday, 19 May, the Department of Water and Sanitation said…
CAIRO, Egypt – At weekends, Egyptian President Abdel Fattah al-Sisi is often driven out to a road construction site in Cairo where he is pictured surveying stretches of recently poured asphalt and being briefed by workers. An aerial view of new mega-highways and bridges on the way to the New Administrative Capital (NAC) east of…
DAKAR, Senegal – Construction is booming in Dakar, where unfinished apartment blocks tower over most streets, their exposed concrete bricks a dull uniform grey. In one site, however, a building stands out – the bricks the workers are laying are made of raw, red earth. Workers make bricks with manual press at the Elementerre factory…