Message from the MD - March 2017

Dear Friends, Property Investors and Enthusiasts,

Construction is well under way on all our sites with an average of 110 000 bricks being placed at our Kingswood development in Randpark Ridge every day. Although the weather of the past weeks have slowed production we are very grateful for the large amount of rain received pushing the Vaal Dam to its 100% capacity for the first time in 6 years. A spectacular 428mm of rain was recorded at our Villa Fiorentina site in Linden during the month of February.

During the past month South Africans had to listen to a lack-lustre State of the Nation address as well as a Budget speech where the embattled Finance Minister had to address a tax shortfall of R30.4 billion. It is clear that the Government should stop excessive spending and concentrate on bringing stability to our economy.

Most clients are only familiar with the larger Renico divisions that form part of the Renico Group of Companies. Few are aware that Millenium Roller Doors (Pty) Ltd and Jahno Bricks (Pty) Ltd are also part of our group with both companies listed under Renico Industrial Holdings.

Millenium Roller Doors is a manufacturing company that specialises in providing bespoke industrial and domestic doors to the South African market.

Jahno Bricks are manufacturers and suppliers of cement bricks. Bricks may either be purchased directly from their premises on Zwartkops Road in Muldersdrift or larger quantities may be delivered to an address at an additional cost. Janho also provides a convenient landfill for local builders, accepting only building rubble as defined in the Waste Act.

Renico Real Estate (Pty) Ltd is another company falling under the Renico Group where clients are able to use the Renico expertise in the Commercial and Industrial property market to purchase or rent available property other than those premises  we have constructed.