Mail track

Health solutions company on track for JSE listing

From Creamer Media in Johannesburg, here’s the real economy report.

Sashnee Moodley:

Pharmaceutical, biotech and biohacking company Cilo Cybin is in the process of listing on the Johannesburg Stock Exchange in hopes of expanding its business, both in South Africa and overseas.

The company has ambitious plans to grow its cannabis business, as well as introduce new health technologies and devices.

Company CEO and President Gabriel Theron speaks with Creamer Media’s Donna Slater about Cilo Cybin’s growth plans.

Cilo Cybin CEO and President Gabriel Theron:

Sashnee Moodley:

Theron explains how the company plans to use the capital raised by the JSE listing

Cilo Cybin CEO and President Gabriel Theron:

Sashnee Moodley:

In August, the South African National Roads Agency Limited completed and launched the N1 Musina Ring Road in Limpopo, and the parastatal road organized a media tour to showcase the benefits, challenges and complex processes involved in delivering this project. for almost 20 years. . Tasneem Bulbulia was at the launch.

Tasneem Bulbulia:

The R700 million project involved the construction of around 8 km of green single carriageway to form the western ring road around the town of Musina.

The main purpose of the project was to divert N1 traffic from the city’s CBD, as thousands of heavy vehicles daily use the N1 and pass through the CBD.

The ring road will now decongest, protect the town’s roads from heavy vehicles; ensure more efficient and less fuel-intensive travel; and contribute to the improvement of mobility and the safe movement of goods, services and people in and around Musina.

The project involved the construction of three major bridges, two interchanges, major earthworks, stratification and asphalting works, 6 km of secondary roads, storm and basement drains, finishing of road furniture and noise barriers.

There are also opportunities for future expansion, should traffic volumes increase.

It was noted that the project generated 281 jobs for the locals, while 132 people were trained by licensed training service providers.

The project also aims to facilitate greater trade and economic activity between South Africa and its northern neighbor Zimbabwe through the Beitbridge border post, as well as other countries of the African Development Community. southern.

This is presented along the route through various hand structures, representing an outstretched hand of friendship between South Africa and Zimbabwe.

The project was first introduced by Sanral in 2004. Construction of the project began in 2016, following the appointment of Basil Reed as the contractor. However, Raubex Construction was later named when Basil Reed got into business rescue.

Other complexities of the project included the replanting of several baobabs and the design of the road around the trees that could not be moved; as well as the replacement of protected species that have been removed.

Additionally, a community relocation project has been undertaken for houses that have been moved along the road.

In terms of infrastructure, the existing old informal landfill site had to be moved, as the road crossed part of it.

A serendipitous benefit of the project was therefore the creation of a new formal landfill, with Raubex also providing the municipality with guidance and capacity for future site expansion.

Other infrastructure moves involved moving major power lines that interfered with the route, with the team engaging in advance with utility Eskom to ensure this was properly managed.

There were also large spoils passing over an old copper mine, dating from the late 1800s, which required various investigations to ensure there would be no impact on the road, such as the formation of voids or tunnels.

Sashnee Moodley:

This is the Real Economy Report from Creamer Media. Join us again next week for more news and insight into the real economy of South Africa. Don’t forget to listen to the audio version of our daily Engineering News e-newsletter.