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The government is moving ahead with plans to establish a new State-backed property investment vehicle aimed at unlocking economic value from thousands of underutilised public buildings and large tracts of State-owned land. This comes as the Department of Public Works and Infrastructure on Tuesday outlined a strategy to transform the way the State manages its vast property portfolio. The initiative follows commitments made in the State of the Nation Address by Cyril Ramaphosa to better leverage public assets to support economic growth, housing development and fiscal sustainability. If implemented successfully, the initiative could mark a significant shift in how the South African government manages and monetises one of its
Soaring international oil prices in the wake of the US and Israeli war on Iran mean South Africans are likely to be hit with record fuel price increases at the beginning of April. The latest daily update from the Central Energy Fund (CEF) is showing significant under-recoveries for both fuel types, with 95 Unleaded petrol projected to increase by R3.52 per litre and 50ppm diesel by around R6.02. , These predictions are based on the month-average, which is a “moving target” at present given the volatility in international oil markets. Should oil prices remain at elevated levels, South Africans could be looking
The announcement by President Cyril Ramaphosa during the State of the Nation Address last month to appoint 10,000 additional labour inspectors comes with substantial financial implications. The estimated total cost for these inspectors is approximately R3.7 billion per year, translating to an estimated R10bn over the medium-term expenditure framework (MTEF). This came to light after the MK Party’s Adil Nchabeleng submitted a parliamentary question to the Department of Employment and Labour (DEL) minister Nomakhosazana Meth about the planned expansion of the inspectorate. He questioned the evidence supporting the expansion as an enforcement solution versus potential inefficiency, its full MTEF cost and funding,
PPG introduces PPG Steelguard 652 waterborne coating for interior structural steel. Pic: PPG Insights PPG (NYSE: PPG) announced the launch of PPG STEELGUARD 652 high-performance, water-based intumescent fire protection coating designed specifically for interior general-purpose structural steelwork. Available in North America, the product combines long-lasting protection and aesthetic appeal. PPG Steelguard 652 cellulosic passive fire protection (PFP) coating delivers up to two hours of fire protection. Its United Laboratories (UL) 263 certification gives architects, engineers and building owners confidence in the coating’s performance and compliance with industry standards. The low volatile organic compounds (VOC) waterborne formulation supports more sustainable construction
Imagine a world where health and safety are woven into every decision and every plan by all stakeholders. All owners, architects and designers, engineers, contractors, project teams and the skilled craft unify with action throughout every phase of a project to eliminate hazards and prevent Serious Injuries and Fatalities (SIFs), creating a culture of care that supports a safe place to work for everyone involved. This vision is possible and is the driving force behind Construction Safety Week 2026. The construction industry has made real progress in health and safety outcomes – advancing best practices, focusing on key issues like
MEGA TORQUE EP features a hybrid tooth geometry that combines the load-carrying strength of traditional round tooth profiles with smoother meshing characteristics that reduce noise and friction. This design supports high torque transmission while maintaining stable engagement in applications such as conveyors, crushers, screens, and other material handling systems commonly used in aggregate processing and heavy construction. The new belt is compatible with H, R, and GT™ pulley profiles, allowing it to be integrated into many existing drive systems without requiring pulley modification. This flexibility supports both new equipment designs and retrofit installations where minimizing downtime and component changes is
Even with the significant slowdown in the net “semi-gration” into the Western Cape, doubtful at this stage, the province will still likely be the outperforming residential property region in 2026. This year, the Western Cape will once again be the outperformer in terms of house prices and residential rental growth, says John Loos, an independent economist. He says some have argued that the deterioration in relative home affordability should ultimately stem the Western Cape’s property market outperformance, and indeed, at some point, one would expect this. “There have even been claims of a net ‘reverse semi-gration’ trend emerging, whereby the migration of
Residents of Glenwood and Morningside have expressed frustration after enduring a power outage that has lasted more than three days. The blackout began late on Friday and is believed to have been triggered by a severe storm that lashed parts of Durban at the time. At the time of publishing, many residents in the affected areas were still without electricity. Technical teams have been conducting continuous repair work across multiple locations, including Burman Bush, Livingston, Kensington, Trematon Drive, Londonderry Road and Connaught Bridge. Repair efforts have focused on restoring major cables that feed into substations and mini-substations, with teams locked
The National Treasury has announced that R1.07 trillion is expected to be spent over the next three years, actualising the country’s big infrastructure goals. Delivering his 2026 State of the Nation Address (SONA), President Cyril Ramaphosa had characterised the allocation – the largest in the country’s history – as more than just brick and mortar. Calling it a “transformative” investment aimed at reversing years of declining fixed investment and stagnant growth. “Through the Infrastructure Fund and new regulations for public-private partnerships, we are using innovative funding models, reducing risk and attracting investors to fast-track projects in energy, water, transport and digital infrastructure,”
Gauteng Premier Panyaza Lesufi has blamed infrastructure failures, leaks and high-demand peaks for the water shortage crisis in Gauteng, and has announced a R760 million infrastructure upgrade in the City of Johannesburg, which has been hard hit by outages. Lesufi made the remarks during his State of the Province Address (SOPA) at the Nasrec Expo Centre in Johannesburg on Monday night. Service delivery across the province remains under strain, with many townships and informal settlements grappling with water shortages, recurring power outages, crime and deteriorating roads. Parts of Johannesburg have been without water for days, affecting residents and forcing small businesses to