South Africa, along with Egypt, Nigeria, Morocco and Tunisia, accounted for 60 percent of all direct investment inflows into Africa from 1997 to 2001, a draft World Economic Forum (WEF) report had shown.

Gaborone - Construction of Botswana's first modern gold mine was planned for August, with production starting a year later, Gallery Gold chairman David Harley said yesterday.

TURNER and Townsend, a global player in construction and management consulting with a strong presence in South Africa, has won Britain's Queen's Award for Enterprise in its international division.

Construction IndustryThe award recognises exceptional high standards of service in every country in which it has a presence. Group chairman Tim Wray said:

"This award recognises the skills and dedication of all our staff worldwide. It is a wonderful achievement and everybody at Turner and Townsend can take pride in it.

"The foundations we have laid within the group as a whole have given us the skills and confidence to take on new challenges and new markets all over the world."

For Wray, the Queen's Award was especially significant, since he was instrumental in starting the group's international operations 21 years ago with the first office in South Africa.

Other branches followed, in Europe and Asia-Pacific. Now with 36 offices, the majority outside the traditional UK base, the overseas staff numbers have risen from 191 to 367, while turnover figures have soared by more than 100%, doubling the international division's turnover and profit.

Southern Africa remains the group's biggest base outside the UK. The company tackles projects on any scale from domestic housing up to large-scale developments, such as the domestic terminal at Johannesburg International Airport.

Other large projects carried out is the Cape Town Convention Centre, which was secured against stiff international competition, as was the case for the De Beers head office in Johannesburg, due to be opened next month.

The Sonnenberg Hoffman and Galombik House office development on the Foreshore is due for completion in October 2004, and is the biggest office development undertaken in the CBD in many years. Ian Donaldson, Partner in Turner and Townsend Africa, said:

"The company has invested in its staff over a long period and has built up a strong skills base, with expertise that enables the African operation to compete strongly in the global market and provides the capability to undertake projects internationally.

Our South African business continues to grow steadily on the back of a diversified approach, with an ever-increasing number of blue-chip clients."


Monday, 12 May 2003 02:00


Valuation In South Africa Conference

Tuesday, 25 March 2003 02:00

Putco Properties interim HEPS down.


South African property company Putco Properties on Tuesday reported a 21.8% decline in headline earnings per share to 24.7 cents for the six months ended December 31 from 31.6 cents the year before.

Sunday, 23 March 2003 02:00

Lower rental income hits Paramount.


LISTED property loan stock company, Paramount Property Fund (Paraprop), has declared a quarterly distribution of 12 cents for the quarter ended January 2003, which is, as anticipated, a significant drop in distribution per unit compared with the same period last year.

Stock buoyant: units buck market trend with 44% growth Spearhead builds on its property share success.

Wednesday, 11 December 2002 10:01

Wayne McCurrie: Market commentator.

Wayne McCurrie is our regular Monday evening market commentator, but tonight we have him in a different role.

Wednesday, 11 December 2002 10:01

Spearhead up-beat about 2003.


THE year past was a tough one for the South African property sector but, with the recent strengthening of the rand and the likely four percentage point drop in interest rates before the end of 2003, the bull run in Cape property, halted in November 2001 when the rand began its downward spiral, is now again gaining momentum.


Pretoria - Listed property still represented good value for property investors wanting a relatively secure income stream despite a poor prognosis for rental income growth in the medium term, said Rode & Associates, the property economists, in its latest review of the property market.

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