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August 2015
Infrastructure & Mixed Use
A
ccording to Coface, interna-
tional credit insurer group,
in addition, government
has implemented a number of
strategies to assist the struggling
electricity utility Eskom. Recently
the Department of Energy an-
nounced expansions in the Inde-
pendent Power Producer (IPP)
procurement initiatives currently
to contribute electricity to the
grid. Government is currently in
the fourthwindowof awarding IPP
projects. Thirteen of these projects
are confirmed renewable energy
bids and are expected to contrib-
ute 1121 MW to the grid and an
additional 1800 MW are expected
to be bid on during this window.
The department is also creat-
ing a procurement programme
for gas-to-power production and
another for co-generation. Govern-
ment has signalled their intention
to build seven new nuclear power
stations and is currently signing
nuclear cooperation agreements
with several nations.
Transnet has signed an agree-
ment with the Development Bank
of South Africa (DBSA) which al-
lows the bank to provide funding
and expertise in the preparation
stage of Private Sector Participa-
tion in the energy sector. The DBSA
will also be eligible to compete as
a funder and assist Transnet in
obtaining private sector funding
and expertise.
The Presidential Infrastructure
Co-ordinating Commission (PICC)
recently signalled its intention to
invest in building or expanding
six dams over the next decade to
address South Africa’s long-term
water and sanitation needs.
Real Gross Fixed Capital Forma-
tion growth was 8% year-on-year
from 2013 to 2014, with a real
growth of 21% government, 6%
private sector and 2%decrease for
public corporations.
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SA’s 13
renewable
energy
projects
the design of 27Boxes (27 m
2
being
the average size of a shipping con-
tainer when finished). This is the first
container retail centre in South Africa.
Our shipping container concept, as
well as building the centre for smaller
independent retailers, provides a re-
freshing alternative to the traditional
shopping malls in South Africa. Peo-
plewho have visited the site are really
enthusiastic about the potential, and
tenant take-up of stores at the centre
has been extremely positive, leading
us to believe that our retail concept
fulfils a real need in the market.
Historically SMEs have had to
rely on weekend crafters’ markets,
or find premises on the outskirts of
the suburbs and city. 27Boxes makes
sense to entrepreneurs as it has
all the advantages of a busy retail
next two decades it suffered and
development was stalled as differ-
ent proposals were considered and
abandoned.
In 2008 the park was officially and
permanently closed and by 2013 Ci-
tiq had acquired the lease and, after
engaging with the Council and the
community started development of
27Boxes.
“Part of obtaining buy-in from all
stakeholders was that we have pro-
vided 200 parking bays, which will go
a long way in assisting with dealing
with parking issues around Melville’s
busy shopping district.
The centre will offer something for
everyone, with the tenant mix includ-
ing a number of food stores anddeli’s,
clothing and design centres, restau-
rant, bakery and health shop.”
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shopping centre