South Africa: It’s Boom Time in the Western Cape As Prospective Homeowners Stream in From Other Provinces
[Daily Maverick] Middle-class homeowners are selling up in Gauteng and thronging to the coast, triggering a building boom in the Western Cape.
Entries by Daily Maverick
South Africa: Business Confidence Dips in Second Quarter, but Building Sector Finds New Signs of Life
[Daily Maverick] The RMB/BER Business Confidence Index fell to 42 from 46 in the second quarter. This signals that almost 60% of the 1,300 managers surveyed in the building, manufacturing, retail, wholesale and new vehicle trade sectors take a dim view...
South Africa: Liesbeek Development ‘Better for Indigenous Cultural Heritage’, Counsel Argues, While Raising Fears Amazon Could Pull Out
[Daily Maverick] The development in Cape Town will better represent the cultural significance of the Khoisan community, the developer and Western Cape province argued in court on Thursday. It was the second day of a hearing seeking to interdict the pro...
Africa: Khoisan Group in Court Battle to Halt Construction of Amazon Africa Headquarters
[Daily Maverick] 'Our heritage is not for sale,' say Khoisan members as they legally oppose the development of what will house Amazon's Africa operations headquarters.
Africa: Khoisan Group in Court Battle to Halt Construction of Amazon Africa Headquarters
[Daily Maverick] 'Our heritage is not for sale,' say Khoisan members as they legally oppose the development of what will house Amazon's Africa operations headquarters.
South Africa: Mining and Construction – Boom-and-Bust Tale of Two Sectors Highlights SA’s Economic Plight
[Daily Maverick] The contrast between the two sectors that should be linked throws into sharp relief the economy's failure to live up to its potential.
South Africa: Concrete Developments – Rights Issue Pressure Is Off As PPC Sells Its Lime Business
[Daily Maverick] The disposal means the cement producer may not have to resort to a rights issue. But after a strong run in its share price, raising fresh equity capital may still be an option.
South Africa: Proposed Covid-19 Vaccination Site in Nelson Mandela Bay Still ‘Under Construction’ After Contractor Not Paid
[Daily Maverick] Large parts of one of the proposed vaccination sites in Nelson Mandela Bay are still 'under construction' after the contractor left more than a year ago when the Eastern Cape Department of Health failed to pay the company.
South Africa: Building Towards a Bumper Year – Mortgage Loans, Construction Plans Bounce Back
[Daily Maverick] The value of net new mortgage loan advances is the latest in a string of key economic indicators exhibiting a V-shaped economic recovery from the steep and sudden decline in GDP of the second quarter of 2020, induced by the Covid-19 pa...
South Africa: Construction Work Shut Down in Cape Town Suburb By Department Resumes – This Time Compliant With Regulations
[Daily Maverick] Construction work at Da Gama Court in Gardens, Cape Town, which was shut down by the Department of Labour on 9 December after Daily Maverick queried the safety of workers, has resumed with workers back on site, now wearing PPE and with...
