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ISAF Ithubalethu launches IPO for student accommodation ISAF Ithubalethu launches IPO for student accommodation Has Video
Published: 21 Jan 19
Inkunzi Student Accommodation Fund (ISAF) Ithubalethu is aiming to counter the shortage of affordable student accommodation, while enabling access to the property market for the general public, and delivering returns to investors, ISAF Ithubalethu CEO Owen Nkomo outlined on Monday, during a briefing in Alexandra, Johannesburg. ISAF Ithubalethu is a student housing fund that enables public investors to invest in real estate through the specialised product of student accommodation and become players in the country’s commercial real estate space. 
Armscor grants CEO special leave to prepare for State capture inquiry
Published: 21 Jan 19
Armaments Corporation of South Africa (Armscor) CEO Kevin Wakeford has requested special leave, after his name was mentioned during testimony before the Zondo Commission Inquiry into State Capture last week. IOL News reported on Sunday that Bosasa’s former COO Angelo Agrizzi last week told the commission that Bosasa boss Gavin Watson had allegedly showered South African Post Office’s former head of security Sivivwe Mapisa and its former CE Maanda Manyatshe with expensive gifts.
McConnell Dowell boosts order book to R11bn
Published: 21 Jan 19
Construction group Aveng’s Australian subsidiary McConnell Dowell, has secured contracts to the value of R8.5-billion in the first half of the 2019 financial year. This supports McConnell’s baseline revenue for financial year 2020 and beyond.
South African wine grape crop for 2019 ‘marginally larger’ – Vinpro South African wine grape crop for 2019 ‘marginally larger’ – Vinpro
Published: 21 Jan 19
The 2019 South African wine grape harvest is expected to be only slightly larger than that of 2018, as vineyards are still recovering from a three-year drought, bad weather during fruit set in October and a continued decline in wine grape vineyards, agricultural association Vinpro said in a statement on Monday. This announcement follows the release of the second wine grape harvest forecast by viticulturists and producer cellars, issued by the wine industry body SA Wine Industry Information & Systems (SAWIS) this month.
IMF sees weakest global growth in three years as Europe slows IMF sees weakest global growth in three years as Europe slows
Published: 21 Jan 19
The International Monetary Fund cut its forecast for the world economy, predicting it will grow at the weakest pace in three years in 2019 and warning fresh trade tensions would spell further trouble. In its second downgrade in three months, the lender blamed softening demand across Europe and recent palpitations in financial markets. It predicts global growth of 3.5% this year, beneath the 3.7% expected in October and the rate in 2018.
Computicket to appeal R20m Competition Tribunal fine
Published: 21 Jan 19
Ticketing provider Computicket on Monday said it would appeal a decision by the Competition Tribunal that it used dominance between 2005 and 2010 relating to exclusive agreements with inventory providers for live entertainment events. The Competition Tribunal earlier announced that it had ordered Computicket to pay an administrative penalty of R20-million.
Zimmer Biomet appoints Profica to facilitate smooth office migration
Published: 21 Jan 19
Global medical device manufacturer Zimmer Biomet has appointed property and construction solutions company Profica to provide tenant representation and office fitout for a warehouse and office building that Zimmer will occupy. The building is currently under development at the Waterfall Distribution Campus, in Midrand.
Western Cape average dam levels nearly double year-on-year
Published: 21 Jan 19
The average dam levels in the Western Cape and the dams supplying the City of Cape are considerably higher than the prior two years, data released by the provincial Local Government, Environmental Affairs and Development Planning Department shows. The average dam level in the Western Cape on Monday was 49.6%, compared with the recorded 25.2% and 39.4% respectively at the same time in 2018 and 2017.
Smart speakers become fastest growing connected device – report
Published: 21 Jan 19
Smart speakers, fifth-generation (5G) networks and cloud-based Artificial Intelligence (AI) are the baselines of increased connectivity and potential for innovation this year, the latest ‘Deloitte Global Technology, Media and Telecommunications (TMT) Predictions’ report shows. The eighteenth edition of the report forecasts that the smart speakers installed base will surpass 250-million units by year-end, becoming the fastest-growing connected device category and worth $7-billion in 2019.
Mokonyane not aware of any allegations against her at state capture commission
Published: 21 Jan 19
Environmental Affairs Minister Nomvula Mokonyane's office says it knows nothing about claims implicating her in testimony before the state capture commission of inquiry and says it will be "impolitic" to engage reports claiming otherwise. Weekend newspapers reported that Mokonyane would be among several politicians, including former president Jacob Zuma to be implicated by former Bosasa COO Angelo Agrizzi, when he continues testifying before the commission. The company is now known as African ...
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