Latest news with #R2.8b
The Citizen
a day ago
- Business
- The Citizen
Alexandra's London Road features on JRA's city-wide resurfacing programme
Johannesburg Road Agency (JRA) revealed that London Road in Alexandra is one of the roads included in their city-wide resurfacing programme. On June 17, the agency announced the city's capital injection of R2.8b over the next three years, with a budget of R912.81m allocated for the current financial year, which will be used for the agency's programmes in the 2025/26 fiscal year. One of the key programmes which the agency said Alexandra will benefit from, is the road network upgrades which will see road reconstruction and rehabilitation being prioritised. Read more: MMC and JRA celebrate completion of major projects in region E 'This includes upgrading high-traffic corridors that link townships to major economic centres, aiming to ease congestion and enhance connectivity. The city-wide resurfacing programme goes beyond pothole repair and patching and is backed by a R149m investment for the 2025/26 financial year,' read a JRA statement. The programme will include numerous roads in Ward 17, linking Kliptown to Eldorado Park, Ward 80, Lord Khanyisile Road, and London Road in Alexandra. Other projects the agency will carry out across the city for the current fiscal year include storm water infrastructure expansion, bridge rehabilitation, traffic signal upgrades and refurbishments, new road construction, and gravel road upgrades. JRA CEO Zweli Nyathi expressed gratitude for the city's commitment, noting that: 'Every rand allocated will be utilised efficiently and effectively to make a tangible difference in the lives of Johannesburg residents and road users.' Transport MMC Kenny Kunene revealed that the city has a road infrastructure backlog of R276b. Despite the budget shortfall, he said the capital injection of R2.8b provides them with essential resources to continue their work. The statement continued: 'We appreciate the support and will strive to maximise the impact of these funds on maintaining and developing a safe and efficient road network for all.' Follow us on our Whatsapp channel, Facebook, X, Instagram, and TikTok for the latest updates and inspiration! Have a story idea? We'd love to hear from you – join our WhatsApp group and share your thoughts! At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
12-04-2025
- Business
- Yahoo
Insider Spends €27m Buying More Shares In Lighthouse Properties
Lighthouse Properties p.l.c. (JSE:LTE) shareholders (or potential shareholders) will be happy to see that the Non-Independent Non-Executive Director, Desmond de Beer, recently bought a whopping R27m worth of stock, at a price of R7.58. While that only increased their holding size by 1.1%, it is still a big swing by our standards. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Notably, that recent purchase by Non-Independent Non-Executive Director Desmond de Beer was not the only time they bought Lighthouse Properties shares this year. They previously made an even bigger purchase of R78m worth of shares at a price of R7.76 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being R7.74). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Lighthouse Properties insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! Check out our latest analysis for Lighthouse Properties There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Lighthouse Properties insiders own 18% of the company, currently worth about R2.8b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Lighthouse Properties. That's what I like to see! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 3 warning signs for Lighthouse Properties (of which 1 is concerning!) you should know about. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
