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Investment

R1.8bn Suncoast Upgrade

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A R1.8 billion expansion of Durban’s landmark Suncoast casino has been given the nod, clearing the way for a doubling of the existing complex. The project by Tsogo Sun will be the biggest single investment in the history of the beachfront and will take three years to complete. All the …

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The Lion Match Company secures R80m Head Office development

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The Lion Match Company, which produces the iconic Lion Safety Matches, has increased its commercial office investment in Durban’s Point Waterfront node with R80 million loan package granted by Nedbank Corporate Property Finance. The property, comprising just over 10 000m², will be developed through the construction of a three storey …

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Major Property Developments Planned for King Shaka Airport

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The next five years will see major development at Durban’s King Shaka International Airport with a conference centre and offices planned as well as an extension of the taxiway which connects runways to ramps, hangars and terminals. The multimillion-rand project, which still needs funding approval, is only the start of …

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Nedbank funds R80 million at Dube Tradeport

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Nedbank Corporate Property Finance continues its support of strategic development nodes in KwaZulu-Natal with the funding of a new R80 million industrial warehouse development at Durban’s Dube Tradeport. In close proximity to King Shaka International Airport the world class airport centred development that is fast becoming an innovative enabler of …

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Sky is not the limit

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The Southern Sun, Elangeni and Southern Sun North Beach hotels, overlooking the amphitheatre and beaches on Durban’s Golden Mile, have been popular Durban landmarks for many decades and are determined to remain so. Last year parent company Tsogo Sun invested R220-million in refurbishing, consolidating and relaunching the adjoining hotels as …

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Costs escalate in Children’s Hospital revamp

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The cost of the ambitious, privately funded revamp of the KwaZulu-Natal Children’s Hospital – a “gift” to the provincial health department – has more than doubled to R540 million, with R400m still needed to complete it, a National Council of Provinces (NCOP) delegation was told on Wednesday. The project, which …

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Waterfront dream back on track

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Malaysia’s biggest property company, which owns half of the Durban Point Development Company (DPDC), plans to “revive” the stalled multibillion-rand waterfront project. According to city manager S’bu Sithole, representatives of the Malaysian company arrived in Durban this week and talks were under way. City officials tabled a report to the …

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R22bn GO!Durban Project is Well Underway

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Construction of GO!Durban, the eThekwini Municipality’s new integrated rapid public transport network is well underway with the development of the C3 corridor from Bridge City, in KwaMashu, to Pinetown CBD, in the first phase of the project. The first corridor or trunk route is due to be operational in 2016. …

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R45m bail-out plan for Durban Country Club

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Six “old Natal families” are putting up R45 million to ensure the future of the Durban Country Club. Haemorrhaging members and R30m in debt, the club’s trustees – who include Howard Buttery, Allan van der Veen and Harish Metha, with concerned “old Natal and Durban” families – have put together …

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