JSE-listed City Lodge Hotels said on Tuesday the development of its 150-room City Lodge Waterfall City had begun, with the hotel scheduled to open toward the end of 2014.

Waterfall Business Estate goes green as it grows

Construction of a brand new 10 329 square metre shopping centre, Vosloorus Plaza in Vosloorus, south of Boksburg in Ekurhuleni Municipality, is about to commence in this third quarter of 2013 on a prime location opposite the busy Chris Hani Crossing.

All the signs point to The Acorns at Stellenbosch being sold out well before work on the site is completed in February/March next year, says Paul Henry, Managing Director of Rawson Developers.

SHARIA-compliant Oasis Crescent Property Fund has entered into a lease agreement with McDonald’s South Africa for a new-build McDonald’s restaurant, McCafe and Drive-Thru to be constructed in KwaZulu-Natal.

The competition tribunal may have confirmed the R1,46bn in penalties for 15 construction firms which admitted collusive tendering, but serious questions remain.

Over R200 billion has been injected into the economy by the South African government last year, Statistics South Africa (Stats SA) said on Wednesday

Construction will soon start on the first affordable housing development in upmarket Umhlanga near Durban.

Construction companies hit with a collective R1.46bn fine for bid-rigging and collusion have been warned they face the prospect of further sanctions, including possible disqualification from state tenders.

South Africa’s largest investor, the Public Investment Corporation (PIC), says construction firms recently fined R1.46bn for colluding to fix tenders for soccer stadiums, roads and other major projects, should claw back bonuses from the crooked executives who fixed the projects.