Moody's Investors Service has assigned Growthpoint Limited, the largest listed property company in South Africa by total assets, first time long-term and short-term Issuer Ratings of Baa2 and P2 and long-term and short-term National Scale Ratings of 'A1.za and P1.za'.
The long-term development plan for the Port Elizabeth Airport provides for the possible extension of the main runway, says transport minister.
Volumes at SA's port terminals will grow up to 10% per year over the next five years despite the current recession and volume decrease of 3.3% this year, according to Transnet.
A factory and warehouse in Benoni was the centre of attraction at the Bidline property auction in Sandton yesterday, where keen bidding pushed the hammer price to R17m.
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Work on Durban’s new R7bn international airport is well on track with 80% of the project completed and just the 'lipstick' left to apply.
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