With the advent of the Aerotropolis many business people are expressing an interest in office and conference accommodation at airports.

Thursday, 25 April 2013 11:38

Plan to attract investments through airport

The Ekurhuleni Metro Council is banking on the Airports Cities world conference in Kempton Park to lessen the burden of unemployment, homelessness and poverty.

Nedbank adds value to the established and thriving commercial area of Jet Park near OR Tambo Airport in Johannesburg with a R45 million loan to GRWJET Park Investments (Pty) Limited for the development of office and warehouse facilities. 

Lonrho had increased its stake in prefabricated buildings manufacturer Kwikbuild to just more than 70% and planned to increase its stake in agricultural processor Rollex SA, CEO Geoffrey White said last week.

GeoffreyKwikbuild has a major share of the South African market, and has businesses in Mozambique and Zambia, while Rollex is one of SA’s largest agriprocessing companies supplying fresh produce to local and overseas customers.

The investments, being funded by proceeds from a recent private placement that raised £25m, were part of a strategy to own majority stakes in the companies in which it is investing across Africa.

White said the private placement had given Lonrho, listed on London’s AIM market, enough cash to expand in the five areas of infrastructure, transport, hotels, agribusiness and support services in 17 countries, including SA.

Once a sprawling conglomerate which, at its peak in 1995, had about 90 companies, Lonrho has restructured, selling assets to pay debt and return cash to shareholders. It is now an investment holding group targeting selected markets in Africa, where White said there were sustainable returns for the patient investor.

“We have so far raised £25m, the bulk of which we intend to deploy to increase our stake in some of our businesses,” he said.

“Our intention is to have a majority stake of at least more than 51% in key businesses and that is the reason we have increased our shareholding in Kwikbuild from 62% to about 71%. We are also looking at increasing our shareholding in Rollex from 51% to a significant amount.”

Kwikbuild has benefited largely from government tenders in SA, where it has supplied prefabricated clinics and classrooms in rural areas. It plans to expand to countries such as Angola and Democratic Republic of Congo, as well as in east Africa.

Rollex is packing and delivering fresh produce and fish to local customers Pick n Pay and Woolworths and, in Europe, to Marks & Spencer, Tesco and Sainsbury’s.

The company, operated as a subsidiary of Lonrho Agriculture, has a large, chilled bonded warehouse at OR Tambo airport.

White said Rollex was growing its export markets. It had begun shipping fish from Namibia to the US and Europe, and had opened new markets in the Middle East and Scandinavia. “There is general demand for African fresh produce and we are sourcing our products not only from SA but elsewhere in Africa.”

There were plans to expand agriprocessing facilities in Angola, Malawi, Mali and Zimbabwe.

White said Lonrho was consolidating and expanding in Zimbabwe through LonZim. He said the country was recovering, and still had “a relatively highly educated labour force with an industrious working culture” as well as good infrastructure.

LonZim’s portfolio covers sectors such as aviation, hotels, IT and pharmaceuticals.

 

Wednesday, 11 November 2009 02:00

Gautrain not ready for World Cup

Gauteng will not pay an extra R1.3 billion to have the first phase of the Gautrain completed before the 2010 World Cup.

Park Village Auctions has been mandated to market a prime game lodge in the heart of the Limpopo Valley’s Welgevonden reserve on November 12.

Friday, 14 March 2008 02:00

Vital Signs

Just as it was with New York when it was in decline, so it was in Joeys. Maybe that’s because the media are basically the same whatever continent they are in, they just love bad news...

 

Nedbank Corporate Property Finance today announced that its Gauteng division has acquired a 49% equity stake in Odyssey Developments (Pty) Ltd

The four star Mapungubwe Hotel Apartments on the corner of Ferreira, Marshall and Anderson Streets in the Jo’burg inner city will be opened on July 1 2007.  So says Gustav Holtzhausen of Circlevest Properties, joint project developers with Atterbury Property.

Tuesday, 13 March 2007 02:00

Esor has R500m in state projects

Civil engineering contractor Esor has scored more than R500m from government's increased spending on infrastructure for the 2010 Soccer World Cup.

Construction IndustryCEO Bernie Krone said new contracts, including the Gautrain project and the upgrading of the OR Tambo Airport, had swelled the company's order book by R580m, putting Esor firmly on track to achieve targeted growth for the new financial year starting this month.

"We intend leveraging our new directors' network and industry knowledge to drive growth and position the group as a favourite contender for infrastructure contracts," Krone said.

The group has to date tendered for Gautrain contracts to the value of R365m, of which R80m has been secured in two piling projects.

"We are still awaiting a decision on the remaining tenders and are confident of our prospects in this regard," he said.

Other new contracts include R80m worth of contracts for the Airports Company of SA, in line with its R5,2bn intended outlay between 2005 and 2009. Esor has already completed the upgrades at the OR Tambo International Airport and is now extending the Cape Town International Airport.

"Following Esor's completion of the Ushaka Pier marine project, the group is now aligned with the preferred bidder for the Ushaka airport in Durban," said Krone.

 

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