Monday, 30 March 2009 02:00

For sale: beachfront town, suits ghosts

Two entire towns on a remote stretch of South African coast littered with shipwrecks, diamonds and mine dumps are up for sale.

Wednesday, 27 July 2005 02:00

Mega-park to be opened in August

Plans to open the world’s largest wildlife reserve, the Greater Limpopo Transfrontier Park, next month are on track.

The new road through the Kruger National Park to Mozambique will soon be opened.

Monday, 09 May 2005 02:00

Durban centre bigger and better

In keeping with the worldwide trend for larger conference facilities, the multimillion-rand plans for doubling the International Convention Centre Durban are well under way

Plans to develop a waterfront at Victoria Island in Nigeria are about to be realised

Tuesday, 26 August 2003 02:00

PE joins conference roster

Port Elizabeth joins the conference roster.

Monday, 17 March 2003 02:00

Trade zones

The Dube trade port - a R2,5bn public-private partnership (PPP) initiative to develop a first-class trade hub around Durban harbour - is taking shape after years on the drawing board.

Thursday, 12 September 2002 02:00

The lure of a record low

 Overcapacity in the building industry and a weak rand have pushed SA building costs to historic lows against other countries.

Construction IndustryThe highest contract price of an air-conditioned office building in SA is now only US310/m² - 13% of the 2 350 cost in the US - according to a survey by international consultants E C Harris. It is only 42% of the $730 top cost in Slovakia, the next lowest on a list of 35 countries . Japan is the highest at $2 630/m².

'The price differential is at the point where it means multinationals will now open in SA because the setup cost is so low,' says Harris's head of cost research, Paul Moore. 'The low costs are reinforced by low labour costs, an important component of building.'

But it could also mean higher building-cost inflation: building costs rose 20,4% annualised last quarter.

Moore says there are also signs that SA contractors are using their price advantage to build up business elsewhere in Africa. 'With no funds for tourism or infrastructure, they are looking for outside opportunities, especially in the north,' he says.

Harris forecasts military construction will rise 17% this year as private property development slows down.

 

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