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  • App to help emergency services cut response times August 19, 2019
    Technology company what3words on Monday announced the roll-out of its location technology of the same name to South African emergency services provider ER24, to enable faster response times in emergencies. Using a what3words address in an emergency gives callers a simple way to describe where they need help and allow ER24 to get resources straight […]
  • Atterbury Europe, Iulius launch Romania’s first mixed-use development August 19, 2019
    Romania’s first mixed-use development, Iulius Town Timisoara, developed by real estate investment trusts Atterbury Europe and Romania-based Iulius, will open on August 30. Atterbury Europe CEO Henk Deist on Monday explained that the companies had entered into a 50/50 joint venture in June 2017 to accelerate the development of Iulius Town Timisoara, besides other developments.
  • WBHO appoints Nel chairperson as Wylie retires, warns of lower HEPS August 19, 2019
    Construction engineering company Wilson Bayly Holmes-Ovcon has appointed CEO Louwtjie Nel as executive chairperson to succeed Mike Wylie, who plans to retire in November. WBHO said Nel’s appointment of chairperson would ensure that the constructive and effective relationship between the board and executive management continued.
  • Blue Label to post double-digit fall in full-year earnings August 19, 2019
    JSE-listed Blue Label Telecoms expects to report an at least 20% drop in basic, headline and core headline earnings a share for the financial year ended May 31. In an initial trading statement published on Monday, Blue Label management informed shareholders that its audit for the year under review was substantially complete.
  • PowerGen acquires Rafiki Power August 19, 2019
    PowerGen Renewable Energy, a developer, builder, and operator of micro-utilities in Africa, has closed the acquisition of Rafiki Power, a subsidiary of E.ON Off-Grid Solutions. The acquisition combines two significant microgrid companies in Africa and will help build momentum for private utilities on the continent.
  • Clean-up of Duzi continues August 19, 2019
    The Department of Water and Sanitation (DWS) on Monday warned residents living upstream of the Duzi and Mngeni rivers, the Inanda dam and surroundings not to use water from the resource until further notice. This followed a spillage a week ago at Willowton Oil, in Pietermaritzburg, that has worked its way downstream into the Mngeni […]
  • Solidarity’s application against Denel to be heard on Tuesday August 19, 2019
    Solidarity’s application to force State-owned Denel to pay over Unemployment Insurance Fund levies and taxes deducted from employees’ salaries to the relevant authorities will be heard in the Pretoria High Court on Tuesday. Solidarity on July 31 served urgent documents on the struggling arms manufacturer, alleging that the UIF levies and taxes had not been […]
  • DTIC says Industrial Parks Revitalisation Programme continuously being developed August 19, 2019
    The Department of Trade, Industry and Competition (DTIC) last month confirmed that it had, so far, spent R511-million on the Industrial Parks Revitalisation Programme, which was established in 2016 to deal with the insufficient resources available from local and provincial government to maintain industrial parks. In a Parliamentary reply, the DTIC said no concessions had […]
  • Loadshedding: 25% of Zim's import bill is for diesel in bid to keep the lights on August 19, 2019
    A least 25% of Zimbabwe's import bill for the month of June was for diesel, latest figures from ZimStats have shown. This is higher than the 15% average for the last couple of years. The increase in diesel imports come at a time Zimbabwe has been facing protracted power crisis characterised by daily outages lasting […]
  • Africa development bank says risks to growth 'increasing by the day' August 19, 2019
    The US-China trade war and uncertainty over Brexit pose risks to Africa's economic prospects that are "increasing by the day," the head of the African Development Bank (AfDB) told Reuters. The trade dispute between the world's two largest economies has roiled global markets and unnerved investors as it stretches into its second year with no […]

Testimonials

We had not encountered a positive experience using performance and construction bonds, however this changed once we partnered with PCBS. Now, we cannot imagine conducting our business without them. Providing our clients with guarantees as opposed to cash assists us immensely in the financing of contracts and our monthly cash flow projections. PCBS’ friendly hands-on staff and management are always professional and helpful in providing us with consistently efficient service

— Rob Taljaard, Project Executive, Prefab Design Services

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Testimonials

At METQUIP, we understand the importance of providing guarantees in a correct and timely manner in order to strengthen client perception of our operating companies.  In this regard, PCBS is an ally. My experience, over years, dealing with banks as suppliers of bonds was one of bureaucracy and associated slowness in the total procedure from application to delivery. PCBS has helped streamline the process to make our facility workable and the process of obtaining the physical documents as painless as possible. I am constantly impressed by the high level of service and spirit of cooperation I receive from PCBS and its staff have gone above and beyond the call of duty many times. Always friendly and efficient, dealing with PCBS on matters such as the annual review and provision of bonds for non-RSA registered companies is now quite palatable

— Gary Crawford, Business Development Manager, METQUIP Group.

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Testimonials

With construction projects often being capital intense, partnering with PCBS does much to ease any cash flow constraints. It’s an affordable and uncomplicated alternative to approaching a regular bank to get a performance or warranty bond. Previous efforts to obtain performance guarantee and construction bonds ended up being labour intensive and not worth the effort, but PCBS has made the process relatively hassle-free. Their service is uncomplicated and personal

— Georg C. Brandner, Administration Manager, August General Servicing S.A. (PTY) LTD.

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