THE property surprise of the year is that a buoyant, rapidly growing property market has developed in Botswana, fuelled by a liberal economic system and a booming economy.

Impetus driving the December deadline is next year's US presidential elections after Bush's first term

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.

Pretoria - The Southern African Customs Union (Sacu) and the US started talks on a free trade agreement here yesterday, saying the accord could be finalised within 18 months.

SA BUSINESSMEN appear unhappy that the other Southern African Customs Union (Sacu) countries Botswana, Lesotho, Namibia and Swaziland are joining SA in free trade negotiations with the US, South American members of Mercosur, India and Nigeria, among others.

Sales revenue from Botswana's diamond mines declined last year despite an increase in production, and analysts say this indicates that De Beers cut prices paid for Botswana diamonds by about 18%. 

The family-owned Barrow Construction this year celebrates its 106th anniversary.

 

Construction IndustryThe catchphrase "Barrow-built" still counts, and the fifth generation of Barrows - John, Colin, Donald and Paul - are at the helm of the company.

 

Barrow's contracting order book has been healthy of late, including the head offices for Assore and Roche, a motor showroom for Edge Properties in Bryanston, and premises for the SA Blood Transfusion Service in Constantia Kloof.

 

John Barrow says the company is well positioned for on-going growth with focus on medium- to large-scale commercial and residential developments, either independently or as joint ventures.

 

Barrow Construction offers a full spectrum of services: land acquisition, assembly and rezoning, site development, construction and management, as well as project management and provision of a range of property, financial and commercial expertise.

 

Barrow Properties owns and manages office buildings on a long-term basis and various property development companies within the group undertake speculative property developments that are either sold or leased.

 

Barrow Properties had a good 2002, continuing with the R100-million Pinewood office park and Pinewood Square sectional title office development in Woodmead, the R150-million Thornhill office Park in Midrand and the upmarket Parc Nicol development in William Nicol Drive.

 

Barrow Flooring secured contracts for Nedcor, De Beers and Ericsson, while another subsidiary, Gauteng Piling, secured business in Angola and Botswana, begging the question whether Barrow intends expanding beyond its traditional Gauteng base.

 

"We have no aspirations to move outside Gauteng with contracting and property development operations, though the flooring and piling operations must necessarily go further afield," John Barrow said.

 

Barrow expects to build on the strength of its integrated offering this year. New contracts, refurbishments and securitisation of spec developments will mark major trends.

 

Friday, 08 February 2002 03:01

Toll road to link Maputo Walvis Bay

Platinum Toll Highway is launched

Thursday, 21 June 2001 03:01

SADC Performance

Too much of the economic debate is conducted in a statistical vacuum.

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