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BRICS New Development Bank to fuel SA’s infrastructure growth and global competitiveness

The formation of a BRICS New Development Bank was yesterday announced at the 6th BRICS Summit, and is aimed at mobilising resources for infrastructure and sustainable development projects in developing nations. While the head office will be based in Shanghai, the BRICS New Development Bank will have its African regional branch located in Johannesburg, South Africa.

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City withdraws the Ocean View Drive road scheme

The original intention of the Ocean View Drive road scheme that was initiated in the 1960s was to widen and realign portions of the existing road and to link it to Camps Bay. A review of this proposal in terms of the transport demand, engineering implications, and the environmental impact showed that there is no need for it and that the road scheme should be withdrawn.

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Remgro revs it up

AFTER investing well over R5bn in its most established key assets, Stellenbosch-based conglomerate Remgro could be looking further afield for new investments.

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Commercial property lending is critical to SA’s infrastructure growth

Commercial property lending is critical to stimulating the development of infrastructure in South Africa, one of the key pillars in the South African National Development Plan (NDP.) According to Gary Palmer, CEO of Paragon Lending Solutions, there is a growing need for small-to-medium-sized businesses to continue to invest in commercial property, as it is vital for economic growth.

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