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Spear eyes 8% distribution growth as occupancy rates rise

Western Cape-focused property group Spear said on Thursday it remains confident it can provide distribution growth of up to 8% in its year to end-February 2020, amid improving tenant levels in its portfolio.

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Canon, during its first participation in West Africa Digital Construction 2019, invited visitors to experience the latest innovations in printing

Canon presented its recent innovations and portfolio of products and services, including a selection of digital print solutions that benefits the construction industry in the most efficient, secure and economical manner

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Growthpoint makes hefty cash offer for controlling stake in Capital & Regional

Growthpoint Properties, the largest landlord with a primary listing on the JSE, said on Thursday it would offer Capital & Regional shareholders a premium of about 100% for their shares as it eyes a controlling stake in the UK shopping-centre owner.

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First affordable housing flagship project units ready

Transport, Infrastructure, Housing and Urban Development, Cabinet Secretary James Macharia said the houses will be issued to “deserving and qualified Kenyans before end of the year.”

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Construction industry accused of dropping its focus on safety

The construction industry was dropping its focus on safety, the Federated Mutual Assurance Company (Fem) charged, as it received reports that 295 212 construction workers were injured last year.

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Competition pushes down price of cement in Uganda

Prices of cement in Uganda have been on the rise due to increased demand in the construction industry and statistics show that the cement sector expanded from 23 per cent to 30 per cent, with mega projects like Karuma and Isimba dam taking a bigger share of the supply.

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PwC proposes possible solutions to the biggest problem facing Nigeria’s electricity sector

Anyone living in Nigeria can testify that insufficient electricity production/distribution is the biggest infrastructural challenge facing the country. This problem has lingered for many years, adversely affecting the country’s economy. In the meantime, countless attempts have been made to resolve the problem. These attempts have, however, failed to yield any result. Now, PwC Nigeria is […]

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Proptech Africa launches to disrupt property market

Property technology (proptech) start-up Proptech Africa launched in October 2019 in Johannesburg and as a continent-wide association, aims to reinforce Africa’s proptech ecosystem.

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South Africa’s retail sales up 1.1% year/year in August

South African retail sales rose 1.1% year-on-year in August following a 2% increase in July, Statistics South Africa said on Wednesday. On a month-on-month basis, sales were down 0.9% and up 1.8% in the three months to the end of August compared with the same period last year, the statistics body said.

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Kenya shopping malls post huge losses as rents fall, tenants quit

Shopping malls in Kenya are posting huge losses as an ongoing supply glut of retail space continues to compel landlords to cut rental charges in order to retain existing tenants or to lure new ones.

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