The eThekwini municipality has received the go ahead from Council to acquire a loan of R1 billion to fund capital projects in the City. Deputy Mayor Fawzia Peer says that all due diligence has been done to ensure that the City can afford it and...
Despite growing municipal water debt the Department of Water and Sanitation has revealed that it is making progress in reducing its overdraft. Briefing Parliament’s Standing Committee on Public Accounts (SCOPA) recently the department said it is...
The South African Institution of Civil Engineering (SAICE) has applauded and embraced President Cyril Ramaphosa’s inaugural State of the Nation (SONA) address after the newly elected president highlighted the importance of the sector for the...
The African Development Bank recently approved $100 million for the Emerging Africa Infrastructure Fund (EAIF) in a bid to help reduce the huge infrastructure financing gap in Sub-Saharan Africa. Through a $325-365m million debt raise, the EAIF...
The Mayor of eThekwini Municipality, Zandile Gumede, recently launched a R120 million housing development in oThongathi in the north of Durban. Â The multi-million rand Emona Sunhill housing development will benefit a total of 1082 families from...
The collapse of the Geldenhuys Pedestrian Bridge, over the N3 on the 9th of August 2017 was caused by an impact force on the pier in the median of the highway an investigation by the South African National Roads Agency (SANRAL) has established....
Over R650 million will be redirected from the Urban Settlements Development Grant (USDG) to the country’s five metropolitan municipalities following a decision by the forum of Minister and MECs of Human Settlements (MINMEC). According to the...
As a developing nation, South Africa’s engagement in the global economy is either advanced or constrained by the state of its infrastructural capabilities. The first ever Infrastructure Report Card (IRC) for South Africa, exploring the state of the...
A New Development Bank set up by the BRICS group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months. Source: SABC Digital News
