South Africa Archives - Page 15 of 16

ZUMA: National Prosecuting Authority should not prosecute me.

Posted on 1 February 20182 February 2018 by Gambeta News

South Africa’s National Prosecuting Authority (NPA) receives a document from President Jacob Zuma saying he should not be prosecuted. South Africa’s National Prosecuting Authority (NPA) extended the time limit for Zuma to give reasons why 783 counts of corruption linked to a 30bn rand ($2.20bn) arm deal arranged in the late 1990s should not be reinstituted. That same night, they received a document from him. The last hearing would be on or before the end…

MOODY’S DOWNGRADE SOUTH AFRICA’S ESKOM

Posted on 29 January 2018 by Gambeta News

Eskom recently downgraded by rating agency Moody’s. Eskom’s long term collective family rating has downgraded by the Global ratings agency Moody’s. The downgrade was from B1 to Ba3 with warning that the ratings remains under review. The rating agency pegged the downgrade to Eskom’s falling liquidity and the the ability of the government to provide balanced support to the difficulties faced by electricity parastatal. In an attempt to resolving the ongoing downgrade, a new Deputy President…

ATTERBURY COMPLETES MAJOR PROJECTS IN AFRICA

Posted on 25 January 201825 January 2018 by Gambeta News

Property developer and investor Atterbury, focused to develop Africa. Lack of opportunities in South Africa because of a low growth environment, has cause Atterbury to shift its focus to Mozambique and have currently completed the first phase of the US$20m Pemba Shopping mall in Mozambique’s port city of Pemba, the capital city. Pemba Shopping, an 8,000m² centre, is a joint venture between Atterbury and TradeHold Africa. It is one of three shopping centres that Atterbury is…

UPGRADE OF SOUTH AFRICA’S SOWETO BRIDGE COMMENCES

Posted on 18 January 2018 by Gambeta News

Owing to the over-topping during heavy rainfall, the Johannesburg Roads Agency (JRA) have kicked off reconstruction work on the soweto bridge over Klipspruit river, in Soweto. According to statement by JRA, the bridge in Klipspruit West is known to bring traffic to a halt during heavy downpours, rendering it unsafe for pedestrians due to the increased water levels on low lying areas of the structure. The bridge will be closed throughout the construction period which is from January…

South African to fund free university education says financial minister

Posted on 17 January 2018 by Gambeta News

South Africa to offer free university education to students from poor households. In a statement by President Jacob Zuma last month, he said “the government would financially support the tuition without giving details of how it would funded”. The statement shaked the financial market and critics said it was a populist promise that risked increasing an already gaping budget deficit. Report from the treasury shows that the plan is expensive for there current financial form….

Cape Town to face drought

Posted on 17 January 2018 by Gambeta News

Cape Town at the risk of running out of water by April as the city is to experience worst drought in a century. “Day Zero” (the date taps are due to run dry) has shifted forward to April 22 as city authorities race to build desalination plants and drill underground boreholes. Almost 2 million tourists go to Cape Town every year to bathe on sandy white beaches, explore natural features like Table Mountain or to…

SOUTH AFRICA TO CONSTRUCT 6,000 HOUSES BY 2019

Posted on 10 November 2017 by Gambeta News

South Africa plans construction of 6,000 housing units by 2019. The South African Minister for Human Settlements, Lindiwe Sisulu, at recently concluded 11th Annual Govan Mbeki Awards, confirmed that the department is set to construct 6,000 houses in South Africa by 2019. She said the department had already delivered over 4.6 million houses and subsidies. Sisulu said, said the department have constructed 1,029 houses per day and if this figure is multiplied by an average family of…

GAUTENG DEPARTMENT TO CONSTRUCT 13,000 HOUSING UNIT IN SOUTH AFRICA

Posted on 9 November 2017 by Gambeta News

Province’s human settlement and Gauteng partners to construct 13000 housing unit in South Africa. The housing project which is been done by the Gauteng Department of human settlement will see over 13,000 housing unit constructed in South Africa that will include social housing‚ bonded houses‚ RDP walk-ups and military veterans’ houses. Province’s human settlements MEC‚ Paul Mashatile; “We are supporting the premier’s vision of doing away with spatial-planning and small-scale developments in favour of mega-city projects whichs…

RESPUBLICA STUDENT LIVING SET TO COMPLETE US$ 8.5M HOSTELS IN SA

Posted on 7 November 2017 by Gambeta News

Respublica student living set to complete its first student hostel in Bloemfontein, South Africa. Respublica student living which is a student accommodation provider in South Africa is set to complete the construction of its US$ 8.5m hostel in Bloemfontein. The project which is expected to comprise of 469-bed student accommodation with 58 apartments, each with eight single rooms, two bathrooms, a lounge/dining area and communal kitchen. It also contain an apartment that is design to suit up to five…

PRICE OF PETROL TO INCREASE IN SOUTH AFRICA

Posted on 31 October 2017 by Gambeta News

Petrol prices will increase in South Africa by Next Month The South African Department of Energy have announced that petrol price will increase by 4 cents per liter in November, Also increasing will be Diesel (0.05% sulphur) by 23 cents per litre and Diesel (0.005% sulphur) by 27 cents per litre. This increase is based on South Africa’s monthly adjustment of fuel prices as affected by international and local factors. The International factor being that South Africa imports both…

SOUTH AFRICA TO EMBRACE GREEN ENERGY

Posted on 26 October 2017 by Gambeta News

Robben island to install a solar PV mini-grid which will help in reducing the island’s reliance on diesel generating system. Green Energy which comes from natural resource such as sunlight, wind, rain, tides, plants, algae and geothermal heat is expected to be embrace in Robben Island, South Africa. The project is the first step in a long-term initiative of going green in the Island. Implementation of the project is under discussion so as to have many energy…

UMHLANGA ARCH CONSTRUCTION KICK-OFF IN SOUTH AFRICA

Posted on 23 October 2017 by Gambeta News

Umhlanga arch building set to commence in south Africa after a successful launch. Umhlanga Arch is a premier mixed-use and people-centred property. Its iconic sea-facing configuration, commanding unsurpassed views of KwaZulu-Natal’s coastline, is the pinnacle of urban sophistication and a symbol of this exclusive area’s enviable lifestyle. Developer Representative of Umhlanga Arch, Chris du Toit, “We are thrilled to get going with the construction of Umhlanga Arch because the journey leading up to this moment has been nothing…

SOUTH AFRICA AND SWAZILAND SET FOR 150KM RAIL CONSTRUCTION LINK

Posted on 16 October 2017 by Gambeta News

Swazi rail construction to connect both South Africa and Swaziland railway which will create approximately 3000 and 6500 jobs for both countries. The project which is a 150km Swazi rail link is expected to link Lothair in South Africa to Sidvokodvo in Swaziland whereby modernizing two existing lines in both countries. Preparation are underway after the feasibility studies of the Swazi rail link is complete. Transnet Rail Freight Chief Executive Officer, Ravi Nair; ”The feasibility phase is complete and…

PREFABRICATION HOUSES LAUNCH IN SOUTH AFRICA

Posted on 13 October 2017 by Gambeta News

South Africa to get a prefabrication house by CMIG Drawin that is expected to help the local resident in Gauteng. Chinese firm China Minsheng Drawin Technology Group (CMIG Drawin) has announced plans to launch a prefabrication house project in south Africa that is expected to introduce a signature construction technology that will benefit the Africa continent. The group is expected to build up to 18,000 affordable homes which include public leasing houses and commercial properties, plus…

SA OR NIGERIA TO BECOME TRUECALLER’S AFRICA HEADQUARTER’S

Posted on 12 October 2017 by Gambeta News

Truecaller executives to visit SA and Nigeria in search for their Africa headquarter following the tremendous growth they had across Africa. On Wednesday Truecaller announced that they’re on a move to increase its presence on the continent making Africa a key priority region. Truecaller is also shopping for a great city to build its Africa headquaters. In Africa, Truecaller tends to be one of the fastest growing consumer apps and for the past two years…

ABLAND START 35 LOWER LONG TOWER PROJECT IN CAPE TOWN

Posted on 25 September 201729 September 2017 by Gambeta News

Abland set to transform the Ernst & Young office into 35 lower long tower in cape town, south Africa. Abland Property Developers which is the forefront of creating groundbreaking spaces for businesses across South Africa has announced plans to build the 35 lower long tower in cape town, south Africa. The construction of the 24-storey building is expected to transform the site that was previously known as the Ernst & Young office. 35 Lower Long is…

SOUTH AFRICA MEDICLINIC HOSPITAL UNDER CONSTRUCTION

Posted on 25 September 201729 September 2017 by Gambeta News

Atterburg to build a world class mediclinic facilities that will have over 100 beds and a 24-hours emergency centre in wineland community of stellenbosch, south africa. Property Developer, Atterbury is currently constructing the US$ 27m mediclinc hospital in Stellenbosch, South Africa. The hospital is expected to be a world class facilities that will help the people of winelands community. Speaking to reporters, Atterbury Western Cape Development Manager, Gerrit van den Berg; ”This is our first project for Mediclinic,…

BMW SA GETS US$150M LOAN FROM IFC TO BUILD THE NEW BMW X3

Posted on 21 September 201721 September 2017 by Gambeta News

The $150 million loan comes as South Africa “seeks new sources of economic growth after a period of slowdown, driven in part by sluggish mining and manufacturing sectors”, according to the IFC in a statement. The auto industry tends to be South Africa’s largest manufacturing sector. “The country suffers from unemployment estimated at 27% overall and nearly 50% among youth.” Nonetheless, local content accounts, on average, for about one-third of each vehicle produced in South…

GROWTH PROSPECTS DWINDLES IN SOUTH AFRICA

Posted on 20 September 2017 by Gambeta News

Economic growth in South Africa looks set to remain behind the rate of population growth for four years ending in 2018, ensuring that more people will be poor. As things stand 40 percent of South Africans are chronically poor and a further 40 percent are what economists call the temporally poor, sometimes getting their heads above water only to sink again as seasonal or part-time jobs dry up. That means only one in five South Africans…

WORLD LARGEST MUSEUM OPENS IN CAPE TOWN

Posted on 20 September 2017 by Gambeta News

The museum which is dedicated to contemporary art from Africa and its Diaspora is expected to be officially open this Friday in cape town. The Zeitz Museum of Contemporary Art Africa (Zeitz MOCAA) is the V&A Waterfront’s R500-million project aimed at transforming a nearly 100-year-old concrete grain silo into a cutting-edge museum. V&A Waterfront CEO, David Green; ”The Zeitz MOCAA would be a magnet for South Africans as well as tourists. We recognise the importance art plays in society and the need to showcase the…

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