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Raubex set to lead $240m Beitbridge facelift

Raubex set to lead $240m Beitbridge face...

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government launched the project following the signing of a 240m contract for the expansion of the border infrastructure, part of an ongoing push to turn SA’s busiest inland border post into a one-stop crossing.Construction costs are expected to total 170m, with the full cost coming to 240m, including transaction costs, Zimborders Consortium CEO Francois Diedrechsen said on Sunday. Zimborders is a group of Zimbabwean, South African and international investors, and financial institutions.The border post will be run as a public-private partnership between...

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government launched the project following the signing of a 240m contract for the expansion of the border...

JSE-listed Raubex is the primary contractor involved in the development of the proposed new Beitbridge border post.Last week the Zimbabwe government...

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Saudi Arabia pledges to invest R133bn in South African energy sector

Saudi Arabia pledges to invest R133bn in...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest 10-billion about R133-billion in the country. This is expected to be invested in the energy and power creation sectors.Ramaphosa was received by Saudi Arabian Minister of African Affairs Mahomed bin Adullah Al-Kattan, at the King Abdulaziz International Airport in the Kingdom of Saudi Arabia.Ramaphosa met with King Salman bin Abdulaziz al Saud in the port city of Jeddah on Thursday. South Africa imports an estimated 47% of its oil from Saudi Arabia, and Pretoria regards the country as a strategic partner in the...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest 10-billion about R133-billion in the country. This is expected to...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when...

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You can’t have your cake and eat it, Sanral’s Macozoma warns govt, South Africans

You can’t have your cake and eat it, San...

South Africa is in critical need of a funding model for its road infrastructure. “The situation with toll in this country now is that, number one, people are anti-toll, and now we can’t toll anything,” said South African National Roads Agency Limited Sanral CEO Skhumbuzo Macozoma on Monday at the Southern African Transport Conference, held in Pretoria. “We are sitting with R128-billion worth of projects that were earmarked to be built. They can’t. On the other hand, people are anti-fuel levy now. So now, you can’t use the fuel levy. And then public funds are not sufficient.”Macozoma’s reference to the fuel levy comes in the wake of recent criticism on the taxes being levied on fuel, as...

South Africa is in critical need of a funding model for its road infrastructure. “The situation with toll in this country now is that, number one, people are anti-toll, and now we can’t toll anything,” said South African National Roads Agency...

South Africa is in critical need of a funding model for its road infrastructure. “The situation with toll in this country now is that, number one,...

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