Growth is the dominant theme in this 2014 edition of the yearly magazine brought out by the brand, media and reputation research company. Sandton, South Africa – Wednesday, July 9, 2014: “Growth – that’s what it is all about. Whatever way we look at it, Africa’s time in the sun has arrived,” said Oresti Patricios, CEO of brand, media and reputation research firm, Ornico, by way of announcing the company’s second annual on Africa. Called “The Africa Annual” the Ornico publication looks at economies in Africa that are growing at rates pegged at about 5.5% for this year according to the International Monetary Fund (IMF). “Africa has growth rates that are making western economies green with envy,” Patricios said, adding that this new annual explores growth economies on the continent. Patricios said that the big challenge for those economies that fared well in Africa would be to implement beneficiation, and to create sustainable economies focused on long-term development. “While Africa’s growth rates are exciting, what is important to realise is that part of this growth is being driven by ‘raw’ exports of resources, (mainly to China.) The big step of change for this continent, and one that will help create sustainable growth, is to make the move from being a massive source of raw material to becoming a manufacturer, or adding value to the production process through beneficiation,” he said. “The focus in Africa shouldn’t be wealth creation or growth for the sake of growth. Rather what is needed is growth that drives education, job creation and the stimulation of industries that seed development,” Patricios said, adding: “In the resources sector, beneficiation would contribute significantly to adding value to this part of the economy. It would bring employment creation, skills development, and would help uplift regions where metals (and the like) are mined. What is needed here is a long-term view. Businesses and government in Africa need to forgo short term . . .
The much anticipated Standard Bank Ovation Awards were announced on the closing day of the 2014 National Arts Festival in Grahamstown. Convenor of the Awards Panel, Adrienne Sichel, described the work presented on the Fringe at this year’s Festival as ‘refreshingly diverse’. “I was impressed with the diversity, and aesthetics within the works”, Sichel said, but warned artists to keep their honesty and to beware of self-censorship. “The Standard Bank Ovation Awards provide a valuable incentive for artists on the Festival’s fringe programme to strive for excellence, experiment with innovation and to challenge and shift the boundaries of creativity”, said Ismail Mahomed, the Artistic Director of the National Arts Festival. This year, two Gold Ovation Awards were awarded. Wessel Pretorius’s production Undone in the Theatre genre was described as ‘breathtakingly inventive’. In the Music genre, Tumi Mogorosi was awarded a Gold Ovation Award for Project Elo. This 2014 SAMA award nominee performed his debut jazz album for the first time in Grahamstown. Silver Ovation Awards for Theatre were presented to The Ballad of Dirk de Bruin, Whistle Stop, Miss Ever’s Boys, What the Water Gave Me and Siembamba. In the Music genre, Silver Ovations were awarded to Guy Buttery and Gareth Gale and Trio with a Twist. Comedian Sne Dladla scooped a Silver Ovation for his show The Jokes on You. In the Performance Art genre, Gavin Krastin’s provocative performance in #Omnomnom won him a Silver Ovation Award to add to his bouquet of Ovation Awards won in previous years. Rat Western and Wesley Deintje also received a Silver Ovation for Machine for Living. Piet se Optelgoed received a Silver Ovation in the Physical Theatre genre. In the Family Fare genre, introduced for the first time at the Festival, a Silver Ovation was awarded to A Man Called Rolex. Standard Bank Ovation Encore Awards which recognises merit and potential in works that can be developed were presented to . . .
While Generation X buyers (adults between the ages of 31 and 45 years old) are the predominant property purchasing force in most parts of South Africa, the Sedgefield market has taken a slightly different turn, says Chris van der Merwe, Broker/Owner of RE/MAX Lakes, which services Sedgefield and the surrounding areas. “In Sedgefield it is the older generation baby boomers who are leading the market. As more and more consumers are reaching retirement age, we are seeing further resurgence in the local market as boomers between the ages of 47 and 65 years old make their presence felt. Most buyers over the last year have been above the age of 60 years old. Around 70% of the buyers in our area are pensioners, 20% are family buyers and the remaining 10% consists of young couples,” says Van der Merwe. He notes that approximately 70% of buyers who have purchased property in Sedgefield recently have been cash buyers. “Many of the baby boomer buyers have built up equity in their homes over the years and have other investments, so are able to buy property with cash. While most other age groups are struggling to meet the bank’s lending criteria, many baby boomers are able to take advantage of the current favourable market conditions without waiting for a loan approval,” says Van der Merwe. Adrian Goslett, CEO of RE/MAX of Southern Africa, says that many real estate agents in other regions of South Africa have baby boomer clients who already own property, but are looking to purchase an additional property for investment or retirement purposes. “Baby boomers are a very diverse group and cannot be described in generalities, but those boomers who are financially secure are actively seeking to buy property and they are taking advantage of the opportunities and value available in today´s market. Many of these buyers want to supplement their income with a property they can rent out or they are looking for the ideal retirement property in an area that provides lifestyle . . .
The accolades for Longridge Wine Estate continue to pour in and this time the acclaim comes from internationally renowned wine writer Tim Atkin. The 2012 Longridge Pinotage and 2012 Longridge Chardonnay scored 93 and 94 respectively in Atkin’s recently released South Africa 2014 Special Report. Both wines were also included in his Best in the Cape listing, a personal selection from the master of wine according to varietal and style. According to Atkin, cellar master Jasper Raats is making an impressive array of wines at the Helderberg winery with Chardonnay leading from the front. “Understated, refreshing and oatmealy, this is taut and tangy with pear and citrus fruit flavours and fine, well balanced persistence” was Atkin’s verdict on the 2012 Chardonnay, which was also included in the Top 100 SA Wines earlier this year. Describing the Pinotage as “silky, aromatic and smooth,” Atkin commented that the “floral, musky, ginger spice-like red with its fine tannins, bright acidity and well-integrated oak showed none of the occasional rusticity of Pinotage.” Raats took a different approach in crafting the 2012 Pinotage allowing his experience with Pinot Noir and the terroir to distinctly influence the style of the wine. This experiment is definitely paying off with this vintage promising to follow in the award-winning footsteps of previous ones, which have scored consistently well in various local and international competitions and wine guides. For more information, visit www.longridge.co.za. ENDS Author: Ronelda Visser from Peridot Communications. More Info link: http://www.longridge.co.za Images: For high res version/s of One image/s please contact: Peridot Communications. Longridge winemaker Jasper Raats Photo: supplied CLICK HERE to submit your press release to MyPR.co.za. . . .
Curb real-life Home Challenges with Modern Technology and Design What to expect from your household appliances in the modern world. JOHANNESBURG, South Africa – July 11, 2014 – In our busy modern world, daily household tasks can easily become mundane. As a result, when it comes to household appliances, the important requirements include time saving, ease-of-use and overall comfort. “As innovators, we are continuously faced with providing appliances that will turn everyday tasks into enjoyable and convenient experiences,” explains Rajan Gungiah, Business Leader for Digital Appliances at Samsung Electronics SA. “It is for this reason that we listen to what consumers really want. This is why we ensure our innovation is developed to suit the lifestyles and needs of our customers.” Gungiah highlights the following “need to know” tips for consumers looking at purchasing household appliances: Refrigerators A refrigerator’s design should always be at the forefront of food preservation, storage, organisation and meal preparation. The ideal modern refrigerator provides four different settings, ensuring that each ingredient can be stored at the right temperature. Crucial to keeping your food fresh are cooling systems and applications that will cater for constant control of the environment. Utilising of space is another factor that needs to be addressed. For example, Samsung’s Food ShowCase Refrigerator provides four clearly defined zones for frequently used foods and snacks for every member of the family. The ShowCase section only opens the exterior door of the refrigerator allowing users to find often used items like juice and snacks straight away. Dishwashers When buying a dishwasher, look out for the latest modern features that will assist in being more effective in cleaning dishes. Instead of a rotary sprayer spinning at the bottom of the dishwasher, technology that uses a sprayer that moves from back to front across the bottom of the tub is more . . .
Despite the icy weather, South Africans are continuing to support the National Arts Festival in Grahamstown in their numbers, according to organisers who announced positive growth for the event at its mid-point this week. “At the half way point we were about 6% ahead of last year’s figures in terms of actual tickets sold, and around 12% ahead in terms of the rand value of those tickets,” Festival CEO Tony Lankester said. “With a massive weekend ahead of us, we’re confident that we will see healthy growth for the Festival in the final tally – which, of course, is very gratifying.” The Festival programme this year commemorates the 40th anniversary of its founding in 1974, and the response from patrons has been “overwhelming” according to organisers. “A rough count indicates that just over 200 performances at the Festival this year have been sold out,” Lankester said. These include performances by the visiting Geneva Ballet Company, which staged Midsummer Night’s Dream accompanied by the KZN Philharmonic Orchestra, re-boots of Ubu and the Truth Commission and Sylvaine Strike’s smash hit Black and Blue, and the Pieter Torien-produced Tony-award winning Vanya & Sonia & Masha & Spike, as well as numerous performances on the Fringe. “We have also seen audiences gravitate to Fringe hits from previous years, which have returned to Grahamstown – Big Boys 2, Crazy in Love, Gary Thomas, the Snow Goose, Epicene Butcher and Three Little Pigs – as well as brand new productions, including Hamlet! and Bash,” Lankester said. “Audiences are prepared to take some risks with their hard-earned cash, but companies and artists who have developed a reputation over the years remain the big winners in the ticket race.” Performances from visiting international artists, including Australian beatboxing and musical duo Jamie MacDowell and Tom Thum, the New York production Machine Makes Man and the smash hit from the Prague Fringe, Kafka and Son, have all played to sold out . . .
According to statistics from the South African Savings Institute, household savings in relation to GDP is at just 1.7%, indicating that South African consumers have a poor saving culture. On average, the household debt ratio in relation to disposable income is around 75.8% and household disposable income is at just 2.4%. “South Africa is considered to have a relatively low savings rate when compared to other emerging markets around the globe,” says Adrian Goslett, CEO of RE/MAX of Southern Africa. “The implications of a low savings rate at household level is that if there are not enough savings to fund the requirements of a household - be it for consumption or investment purposes - that household will be forced to borrow money. The effect of this is that the more consumers borrow, the less creditworthy they will become, which in turn pushes up the interest rates they will be charged.” He notes that consumers who wish to purchase property in the future but don’t currently have a savings plan in place will need to start adjusting their financial strategy and put money aside. “The market phase we have seen over the past few years has produced some excellent opportunities for buyers to get their foot into the door, however it is concerning to think that so many have been unable to take advantage of the conditions because they do not have their finances in order. Obtaining the necessary finance to purchase a home is closely linked to affordability, but many households are struggling with high debt-to-income ratios and no savings – this emphasises the importance of personal financial planning,” says Goslett. Before the National Credit Act was introduced in 2007, consumers had little trouble securing a home loan with small or no deposits. Today, most potential homebuyers will require some form of deposit along with the other costs associated with a property purchase such as transfer duty and attorney’s fees. “Deposit requirements vary depending on the . . .
With its ideal positioning close to the Sandton CBD, a range of amenities and easy access to Johannesburg’s major highways and byways as well as public transport nodes, there is unprecedented demand for residential units in the suburb of Rivonia. This is according to Renprop Residential, who, following on from the success of their previous two apartment developments in the area - The Link and The Cube - are set to break ground on a new apartment block to be called The Courtyards. With units priced from the mid R900 000s, The Courtyards will comprise 178 sectional title apartments in a four-storey apartment building. Regarded as one of the wealthiest residential and business suburbs of Johannesburg, Rivonia offers a range of shopping complexes as well as many other amenities. Upgrades to various commercial buildings have recently taken place in the area, and the demand for residential apartments is steadily growing. Chris Renecle, MD of Renprop, says: “Rivonia is set to become northern Johannesburg’s new high density node, as the western side of this suburb has been earmarked for high density development, according to the area’s Regional Spatial Development Framework.” One of the driving factors for all this development is the insatiable demand for rental units in the Rivonia precinct from both corporates and individuals, as reported by Renprop’s Rental Division. “This means that rentals in the area are receiving above average returns and are proving to be a sound investment option for many buyers,” says Renecle. Renecle points out that there has been real inflation in building prices in the residential sector, which he anticipates will spin off to more price increases in residential property in the near future. “Everyone is aware that buying sectional title properties off-plan at the launch offers the most opportunity for solid capital growth during the 12-18 months while construction takes place. With price hikes on the cards for residential . . .
On the 8th of July 2014, Alpha Labour Solutions held an Industrial Relations Coffee Break at the Ibhayi Guest Lodge. Wayne Bolton, M.D at Alpha Labour Solutions spoke on "When Disciplinary Action makes Cents"; while Louise Baine of Global Business Solutions spoke on the Women Empowerment and Gender Equality Bill. This is a recurring event, and if interested in attending further IR Coffee Breaks please contact Nikki at: firstname.lastname@example.org Author: Nikki Bolton from Alpha Labour Solutions. More Info link: http://www.alphalabour.co.za Facebook: https://facebook.com/alphalabour+solutions Images: For high res version/s of Three image/s please contact: Alpha Labour Solutions. Wayne Bolton (MD Alpha LAbous Solutions) giving his talk on disciplinary action Photo: By: NIkki Bolton Wayne Bolton (MD Alpha Solutions) with Louise Baine (Global Business Solutions) and Avis staff Photo: By: NIkki Bolton Wayne Bolton (Alpha LAbour Solutions), Louise Baine and David Pattle (Global Business Solutions) and Alpha Labour Solutions Photo: By: Nikki Bolton CLICK HERE to submit your press release to MyPR.co.za. . . .