West Coast Business News & Directory.

Trematon income gets boost from tax credit. Langebaan. West Coast

TREMATON Capital Investments on Monday reported its comprehensive income for the six months ended February rose to R5.3m from R4m thanks to a R2.5m boost from a tax credit from property revaluations. Trematon’s west coast leisure and casino unit Club Mykonos Langebaan reported a higher profit of R7.6m from R4.5m, its interim results statement said. The resort was previously owned by Masterbond investors,...

Club Mykonos Langebaan. Trematon wants control.

CAPE TOWN-based investment company Trematon has launched a bid to gain outright control of West Coast leisure asset Club Mykonos Langebaan. Trematon – as previously reported in CBN – has already gained ‘board control’ of CML via an existing 34.61% stake in the company. It would seem Trematon – which recently sold off its stake in Cape-based Ingenuity property – is keen to secure a shareholding...

SA identifies ten potential ‘special economic zones’

SEZs to boost socio-economic benefits, job creation. IDZs gaining traction. The Minister of Trade and Industry, Dr Rob Davies says ten potential Special Economic Zones (SEZs) have been agreed upon with provinces. He told the Portfolio Committee on Trade and Industry in Parliament on Friday, that these potential SEZs must still go through a feasibility study to determine their viability. The Department...

Green laws guide growth at Saldanha Bay on the West Coast

A promising economic future lies ahead for the Saldanha Bay area, but pressure from local communities and increasingly stringent regulations will compel any developer to tread carefully through this environmentally sensitive zone. This picturesque part of the West Coast has a number of unique environmental features that attract and shape business development in this area. Saldanha Bay is the only naturally...

IDZ West Coast Opportunity in Saldanha Bay

Contrary to widespread belief, the proposed Saldanha Bay Industrial Development Zone (IDZ) will create almost 6000 jobs in its first year, according to UCT Graduate School of Business (GSB) economist, Barry Standish. Standish revealed the findings of his team’s economic analysis of the Saldanha Bay IDZ business plan at a panel discussion held at the GSB on the 13 March 2013. According to Standish’s...

West Coast Saldanha IDZ to bring economic benefit – economist

New analysis of a business plan for the establishment of an industrial development zone (IDZ) at Saldanha Bay has found that such an industrial zone would create jobs, have significant economic impact and prove economically robust. The project was expected to create an estimated 6 000 jobs – 2 600 of them direct – within the first year of its operation, University of Cape Town Graduate School of...

West Coast. R300M LPG facility for Saldanha Bay

Cape Town-based liquefied petroleum gas (LPG) company Avedia Energy on Tuesday confirmed plans to build and manage an LPG import terminal and handling facility at the Port of Saldanha, on South Africa’s West Coast. Construction of the import terminal was due to start in July, with an expected infrastructure spend of R300-million over the next three years. The facility would provide an overall...

IDZ in the balance for Saldanha Bay & the West Coast

THE information document that accompanies the official application for designation and operator permit for the Saldanha Bay Industrial Development Zone (IDZ) information document makes a compelling ‘on-paper’ case for a West Coast oil and gas and marine repair engineering and logistics services couples. But there are very real risks and threats. In January public comment on the document was closed,...

Sere wind farm in Vredendal on the West Coast construction to start in April 2013

Construction of Eskom’s 100 MW Sere wind project, which is being developed in Koekenaap, in the Western Cape, is scheduled to begin in April with project funding now fully in place and with a preferred bidder having been identified for the supply and installation of the wind turbines. However, Eskom is not yet in a position to identify the wind-turbine contractor, with that announcement planned following...

Hopefield’s windfarm in Saldanha Bay gets green light on the West Coast

Renewable-energy project developer Umoya Energy has appointed Mott MacDonald as the owner’s engineer for its 67 MW Hopefield wind farm project, to be built in the Western Cape. The project is among the 28 projects to advance following the first bid window under South Africa’s Renewable Energy Independent Power Producer’s Programme (REIPPP). On November 5, the Department of Energy and Eskom signed...