News 2016

Quarter 4, 2016

Astrapak announced that it had received a firm offer from RPC Group Plc (a plastic packaging group listed on the London Stock Exchange with a GBP 3.5 billion market capitalisation) to acquire all of Astrapak’s ordinary shares through a section 114 scheme of arrangement for a consideration of R1 370 million on a cash-free, debt-free basis.

Retailability enters into binding sale agreements to acquire the ongoing business of Legit from Edcon Holdings Limited.

Quarter 3, 2016

Harbour House Constantia Nek, La Parada Constantia Nek and Tiger’s Milk Claremont open.

Southey's floating dry dock was officially named as “Dormac Dock 1” at a ceremony held on 2 September 2016 at Dormac’s premises in the Durban harbour.

Quarter 2, 2016

MCGF II concludes additional closings, raising in excess of R2.8 billion.

Kathu CSP, a 100 MW CSP parabolic trough plant with approximately five hours of molten salt storage, reached financial close.

Southey begins site preparation for the installation of the floating dry dock in the Durban harbour.

Quarter 1, 2016

York invests R152 million in property, plant and equipment, the bulk of which relates to the plywood expansion project.

Inhep launches Hyyp, a GSM based platform and smart phone application to control the alarm panel and manage secure communication with the monitoring company.

Bokpoort CSP commenced commercial operations – an inauguration ceremony was held on-site on 14 March 2016 which was addressed by the Minister of Trade and Industry, Rob Davies, and the head of the DoE IPP Unit, Karen Breytenbach.
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