Critics of the plan say it is a gamble and would remain a colossal white elephant, an argument that angers Alec Erwin.

R4bn is promised in new property listings, but they face a strong value challenge from equity One thing to remember about professional investors is that they don't willingly part with assets when they view them as cheap. So a surge in listed property activity that could be worth about R4bn in new listings this year must be viewed with a jaundiced eye. 

Proposal expected to help province end its dependence on a single sector

Ferrostaal is understood to be among investors

Management says new report is rehash of old, flawed reports.

Decision not to proceed with project could seriously hamper development.

The East London Industrial Development Zone (IDZ) company is in negotiations with two investors who are considering investments worth more than R1bn each.

The drive by the national and provincial governments to step up infrastructure spending, especially on roads, had helped pull the civil engineering industry...

Building activity in the residential sector had remained buoyant, but the nonresidential sector was struggling.

Megaprojects are attracting interest.