What is the connection between a monolithic building in central Pretoria and an old mansion in the Johannesburg suburb of Parktown? Not a great deal, but the deliberations in either one will have a bearing on economic growth.

Pretoria - Government buildings, starting with the Union Buildings in Pretoria and parliament in Cape Town, are to be made more energy efficient.

GEDA has a number of promotional activities in support of Gauteng's Blue IQ infrastructural investment drive

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.

Pretoria - Construction of the R300 million first phase of the Innovation Hub, the science and technology park on a part of the University of Pretoria's experimental farm, is scheduled to start in July.


Construction IndustryNeville Comins, the chief executive of the Innovation Hub Management Company, said yesterday that the company would take transfer of the land "within weeks".

The farm on which it is located is adjacent to the N1 and N4 highways.

Current planning specified five development phases for the park, involving a total investment of R1.4 billion.

"Obviously a lot of that is private sector investment and owner-builder developments, with companies building research and technology centres on site," he said.

The Innovation Hub is a joint venture between Blue IQ, the development and investment arm of Gauteng's finance and economic affairs department, and the Southern Education Research Alliance, a strategic alliance between the CSIR and the University of Pretoria.


The hub is designed to support new technological research and businesses and has been operating as a pilot since its launch two years ago.

Comins said Gauteng was investing R258 million in the project, the bulk of which would go into the infrastructure and the construction of an 8 000m2 multi-tenanted building and a 4 500m2 innovation centre in the first phase.

The first phase would be about a quarter of the approved capacity of 121 000m2 of gross floor area on the 60ha site.

Potential clients included international hi-tech companies starting South African development operations, he said. Occupancy of the Innovation Hub was expected in the third quarter of next year.

"This will place the country on a new road of accelerated knowledge creation and commercialisation, and will spearhead the country's advance into the hub of global technology and world markets."


Friday, 25 April 2003 02:00

Gauteng province on secret buying spree.

The Gauteng provincial government is quietly buying properties in central Johannesburg. It appears to be assembling ownership of as many as five city blocks, an action that looks like the first phase of a multibillion-rand precinct development.

Friday, 14 March 2003 10:01

Pangbourne buys 34% iFour stake.

 

Pretoria - Pangbourne Properties, the listed property investment company, has acquired a 34 percent stake in listed property loan stock company iFour Properties, in deals valued at R111.4 million.

Thursday, 27 February 2003 10:01

Small investors strive to rescue CBD

Small investors came to the rescue of the Johannesburg city centre when they snapped up the portfolio of commercial properties auctioned by Aucor on behalf of Sanlam Property Asset Management

Thursday, 27 February 2003 10:01

iFour posts maiden half-year dividend

 

Pretoria - iFour Properties, the listed property loan stock company with a portfolio valued at R730 million, yesterday declared an interim maiden dividend of 36c a linked unit.

 

Pretoria - Listed property still represented good value for property investors wanting a relatively secure income stream despite a poor prognosis for rental income growth in the medium term, said Rode & Associates, the property economists, in its latest review of the property market.

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