Demand-side management initiatives to be introduced by Eskom shortly could lead to significant reductions in property operating costs, says Richard Murphy, head of the facilities management division of Old Mutual Properties.

A decision to build the world's most advanced aluminium smelter at Coega came a lot closer yesterday with the news that Eskom and the SA Ports Authority have signed agreements with French firm Pechiney.

Port Elizabeth - The Coega Development Corporation (CDC) is expected to sign an agreement with Pechiney, the French resources giant, before the end of November.

Corporate Real Estate Services, a division of Old Mutual Properties, has saved Sun International R1 million through renegotiation of a lease on its Cape Town offices.