ARTICLES RELATING TO INFRASTRUCTURE

Jhb sets R60m aside for road repairs

2014-03-19 15:56

The City of Johannesburg says it has set aside a R60m fund to repair damaged roads after floods pushed forward its agendas.

Ethiopia sees building boom

2014-03-11 11:57

Addis Ababa's construction boom - funded both from private and public coffers - is being driven by the country's recent rapid economic growth.

Budget fast-tracks rail spending

2014-02-26 14:55

Government plans to increase spending on the country's rail infrastructure by 20% a year, according to the 2014 budget.

New rail network to bring relief to roads

2014-02-03 09:22

Transnet is to acquire 1 317 new locomotives and 25 000 new wagons which will raise its handling capacity by 75%, says Public Enterprises Minister Malusi Gigaba.

Patel moots infrastructure bill

2013-11-13 18:30

A proposed law to fast-track the government's infrastructure development plan has been introduced in the National Assembly by Economic Development Minister Ebrahim Patel.

Poor infrastructure threatens Africa’s growth

2013-10-08 16:05

Public Enterprises Minister Malusi Gigaba says a lack of infrastructure is negatively affecting Africa's international trade and will affect its long term growth.

Nigeria to put $2bn into Africa power sector

2013-09-04 09:19

Nigeria's United Bank for Africa has invested $700m into power assets in that country, and aims to put $2bn into projects across the continent over the next three years.

US bank ups Transnet investment

2013-07-09 07:52

The Export-Import Bank of the United States has announced that it will provide Transnet with another R1.1bn to support the purchase of 53 GE locomotives.

China lends Nigeria $3bn for projects

2013-07-04 18:44

The Nigerian president is to travel to China to sign off on $3bn in loans to build infrastructure in Africa's most populous country.

Motlanthe: More rail freight needed

2013-05-21 07:59

South Africa needs to increase its use of rail freight to boost economic growth and preserve the country's roads, Deputy President Kgalema Motlanthe says.

Joburg gets R30bn for infrastructure

2013-05-09 19:09

The City of Johannesburg has budgeted R30bn for infrastructure development and forms part of an ambitious public transport programme, Mayor Parks Tau says.

Cape underspends on infrastructure

2013-03-08 09:10

The Western Cape public works department spent less than half of its infrastructure budget, mainly because of problems with contracts and a tender nullification.

Infrastructure projects hit roadblocks

2013-02-12 11:10

Ambitious plans to upgrade roads, ports and railways to the tune of $95bn by 2015 are getting bogged down by incompetence and corruption.

SOEs will struggle to fund infrastructure

2012-10-28 15:49

State-owned enterprises will find it difficult to raise money to implement the government's proposed strategic infrastructure projects, says the DA.

Infrastructure plan 'to reverse poverty'

2012-10-25 11:43

The R4 trillion infrastructure development plan will address unemployment, poverty and the skills shortage, Public Enterprises Minister Malusi Gigaba says.

SA to get 18 infrastructure projects

2012-10-19 12:02

Government has earmarked 18 infrastructure projects to take place in the next 10 to 20 years, Economic Development Minister Ebrahim Patel says.

No quick money in infrastructure - Nene

2012-08-21 13:44

Private investment in infrastructure should not be viewed as a quick way to make money out of government, Deputy Finance Minister Nhlanhla Nene says.

Private sector infrastructure aid needed

2012-05-24 11:04

SA needs to find innovative ways to encourage private sector participation in infrastructure development, Public Enterprises Minister Malusi Gigaba says.

Gordhan: Not enough done to create jobs

2012-04-16 12:52

Finance Minister Pravin Gordhan says not enough joint effort is being made by business, the government and civil society to create employment in SA.

Amsa shares knocked by state snub, fine

2012-04-02 17:04

ArcelorMittal SA’s shares fell 5% on news that it would be excluded from the state's infrastructure programme and could face a R3bn price-fixing fine.

Joburg financially sound, boasts mayor

2012-03-22 16:27

The City of Johannesburg will need to spend R100bn on improvements over the next decade but is financially stable, says mayor Parks Tau.

Sarb changes tone on inflation

2012-03-16 08:21

Inflation pressures in SA are likely becoming more generalised, reflecting demand-side pressure rather than only external factors, the Reserve Bank warns.

SA seeks offshore funding for water build

2012-03-13 18:36

The government is looking to source international funding for the R60bn needed to build water infrastructure, says Deputy Water Affairs Minister Rejoice Mabudafhasi.

Transnet to borrow R100bn for new capex

2012-02-20 12:26

State logistics group Transnet will raise the funds required for its new capital expenditure programme on the markets, says CEO Brian Molefe.

 

DBSA, EU launch R1.5bn infrastructure fund

2014-03-13 15:21

The European Union and the Development Bank of Southern Africa have launched an Infrastructure Investment programme for South Africa.

SA firms to fix Zim infrastructure woes

2014-03-10 16:02

South African companies are taking advantage of Zimbabwe’s unquenched thirst for capital by structuring infrastructure deals.

Zuma: Govt pours R1trn in infrastructure

2014-02-13 20:06

The government has invested one trillion rand in public infrastructure over the past five years, says President Jacob Zuma.

Prasa plans R7bn rail signal upgrade

2013-12-04 13:32

Prasa CEO Lucky Montana says the rail signal systems on Johannesburg and Pretoria passenger networks will be upgraded at a cost of R7bn over the next three years.

Multi-million rand route opened in WCape

2013-10-29 19:50

Around R200m was spent on the construction of a new major road opened in the Western Cape, says transport MEC Robin Carlisle.

Fixing potholes a priority - minister

2013-10-07 09:22

Most of SA's roads network has exceeded its design life and upgrading roads and funding pothole rehabilitation is a priority, says Transport Minister Dipuo Peters.

Kenya signs $5bn deals with China

2013-08-20 09:06

Kenya has signed deals worth $5bn with China to construct a railway line and an energy project, deepening its ties with the country.

AfDB urges investments in infrastructure

2013-07-08 20:08

Africa should prioritise infrastructure investment if it is to stop its growth from flattening, the chief of the African Development Bank says.

State spends trillions on infrastructure

2013-07-04 15:32

The government has earmarked trillions to spend on infrastructure, which will include innovative building technologies.

E-tolls 'necessary for infrastructure'

2013-05-23 08:41

E-tolling is needed to pay for and maintain infrastructure critical to South Africa's future economic growth, Transport Minister Ben Martins says.

Report warns of dodgy energy deals

2013-05-10 09:04

SA will have to drastically increase oversight of projected infrastructure plans to avoid deals which exacerbate poverty and contaminate the environment.

DBSA to revive infrastructure

2013-04-15 22:11

The Development Bank of Southern Africa is set to breathe new life into the infrastructure sectors as part of its new growth strategy, CEO Patrick Dlamini says.

Parastatals underspend on infrastructure

2013-02-27 16:01

State-owned companies are still failing to spend enough of their budgets on key infrastructure projects.

Japan tragedy 'lesson for all'

2012-12-10 12:04

The deadly tunnel collapse in Japan should be a lesson for everybody when it comes to maintenance of important infrastructure.

R250bn set aside for infrastructure

2012-10-25 15:00

Government will spend R250bn over the next three years on infrastructure projects that are "shovel ready", says Finance Minister Pravin Gordhan.

'Infrastructure roll out will be different'

2012-10-19 16:16

The government's new infrastructure rollout will be different, say government ministers.

DBSA nod for R24bn infrastructure boost

2012-10-08 18:33

South Africa is set to see new infrastructure projects funded with R23.7bn from the Development Bank of Southern Africa, says the bank.

Nedbank slams state on infrastructure

2012-08-02 08:54

A Nedbank economist has reportedly criticised government for its slow infrastructure plan "which does not help the economy one bit".

Gordhan: Worst over for SA economy

2012-04-24 18:17

Finance Minister Pravin Gordhan says despite eurozone uncertainty the economy is through the worst and structural reforms are needed to improve growth.

Motlanthe urges faster infrastructure build

2012-04-13 11:59

The pace of infrastructure development is not meeting the country's needs, says Deputy President Kgalema Motlanthe.

IFC to invest $3.5bn in Africa this year

2012-03-30 13:38

The International Finance Corporation says sub-Saharan investment will focus on infrastructure and for the first time financing of the sector will exceed $1bn.

Zuma, business to meet on infrastructure

2012-03-22 11:52

President Jacob Zuma will soon meet business leaders to discuss the roll-out of the state's infrastructure plan, which is expected to aid in job creation.

Aveng suffers first-half profit slide

2012-03-14 10:26

Aveng has reported a 31% slump in first-half profit on the back of problems in Australia and a general slowdown in SA construction.

R845bn to be spent on infrastructure

2012-02-22 14:04

The state's massive infrastructure drive will see R845bn go towards the medium-term expenditure framework.

Economist: Focus on infrastructure will pay off

2012-02-10 16:53

President Jacob Zuma's strong focus on infrastructure in his state of the nation speech will pay off for South Africa, says an economist.

 
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