Tyson Properties is spreading its wings to Richards Bay – one of South Africa’s fastest growing cities. Regis Usaiwevhu and Linah Marijeni, who opened the new branch in the Richards Bay CBD this month, confirmed that the city that has built up around Africa’s deepest port and one of just two national Special Economic Zones in KwaZulu-Natal was attracting a stream of young professionals. The end result is a strong and growing property market. “Richards Bay is home to the Richards Bay Coal Terminal (the world’s largest coal exporter) fertilizer manufacturer Foskor, Richards Bay Minerals which mines iron ore, titanium oxide and zircon, SAPPI, Mondi, Hillside which is the biggest aluminium smelter in the Southern Hemisphere and Bell Equipment, amongst others. The support industries that supply these big corporates are numerous and a hub for employment creation. The service industry is also buoyant with serious growth potential,” explains Usaiwevhu who is the managing partner. As a finance executive with over 15 years’ experience working at senior and strategic levels in industry and commerce across KwaZulu-Natal, he has done the due diligence and meticulously explored the prospects. “I have a special interest in real estate and property development and it has always been my aspiration to take up entrepreneurial opportunities in these fields,” he explains. He quotes Statistics SA’s census figures which show that the population within the entire Umhlatuze Municipality (under which Richards Bay falls) has grown by 11% between the 2011 Census (334 000 people) and the 2016 Community Survey (371 000). “Richards Bay has immense growth potential and is constantly innovating. There are a number of turnkey projects that are being considered or are being implemented as we speak,” he continues. These include the establishment of an aluminium hub which is expected to attract downstream industries that will beneficiate aluminium and also iron, steel, and . . .
The JSE listed Fortress Income Fund has officially launched the Louwlardia Logistics Park, a R650 million A Grade logistics facility that is under development alongside the N1 in Centurion. Speaking at the launch, executive director Andrew Teixeira said that Louwlardia was part of the 1 million sqm of warehousing that is due to be developed by Fortress over the next five years. This equates to a combined investment of an estimated R8 billion in South Africa’s logistics sector during that period. Fortress Income Fund has become a powerhouse in the South African property industry since listing in 2009. Innovative asset management and a diverse property portfolio has seen the fund showing positive growth every year. The fund focuses on development of prime logistic warehousing, retail centres and strategic offshore investments. Fortress owns 336 investment properties valued at R28,7-billion at the end of December 2016 and has one of the largest logistics property development pipelines in South Africa. Louwlardia, which will see approximately 90 000 sqm of warehousing developed on the 16,7 hectare site, is expected to be completed within the next 24 months. The first phase, which comprises a 21 785 sqm warehouse with 1 843 sqm offices, is complete and ready for occupancy. It has already drawn a great deal of interest from prospective blue chip tenants. National leasing manager, Grant Lewington, said that Louwlardia was an example of the Grade A logistics facilities that the fund is developing in three major nodes - Gauteng, Cape Town and Durban. The Fortress Income Fund’s portfolio is strongly weighted towards logistics facilities located in prime locations. These are let to corporate tenants on long leases. The focus on logistics is due to ever increasing demand for these sorts of facilities from companies operating in a highly competitive economy that is driven by imports, primarily through Africa’s busiest container port, Durban. South . . .
The 2017 Husqvarna Classic Mid-Illovo MTB Challenge & Trail Run is happening just less than two weeks before the gruelling Sani2C, making it a non-negotiable for those who are following a ruthless training schedule. “The best single track of any single day event” – that is how some riders have described this MTB route. If that is not enough, the scenery is magnificent. Part of the ROAG series, there are various races, each of which run the gauntlet from relatively simple to strenuous. If a game viewing ride is on your sporting bucket list, don’t miss the 40km Safire MTB Classic that traverses two picturesque Game Reserves, Gwahumbe Game & Spa and iNsingizi. For serious riders, the 60km Husqvarna Classic MTB X-treme will test your resolve, but there are options for the whole family, including the 18km Gwahumbe Family Experience and the 10km Fun Ride. It’s a great way to get the kids interested in sports and spending more time outdoors and as each of the tracks has different scenery, you could aim to do a different race every year. The 18km and the 9km iNsingizi trail runs cover rugged terrain through the game reserve. The trail run events will start early – at 6.30am – so that competitors have an opportunity to do a Biathlon by competing in both the run / walk and mountain bike races. Do your bit! Give an Uzwelo school bag to an underprivileged Mid-Illovo child, when you add a R130 donation to your entry. The first 800 entries will receive an Uzwelo goodie bag. Entries close on 26 April 2017 at midnight, but late entries will be accepted on the day. Registration begins at 05.30 on the day, with the first MTB race (60km) starting at 07h30. Enter online at www.roag.co.za or contact ROAG on email@example.com or 086 100 ROAG/7624. Entry Fees 60km Husqvarna Classic MTB X-treme R190 40km Safire MTB Classic R160 18km Gwahumbe MTB Family Experience R140 10km Fun Ride R70 (free for under 12s) 18km iNsingizi Trail Run R115 9km . . .
Kit out your bundle of joy in Boody’s earth and skin-friendly bamboo basics – a trans-seasonal tee and pants, two-way zip onesie or a nifty combo of the singlet and shorts. The popular eco brand Boody, which arrived in South Africa in 2015, has added a trendy baby collection to the range of comfy bamboo adult basics, undies and socks that are finding their way into local closets. Now, eco Mamas can choose from extraordinarily soft, but practical, tops, bottoms, baby grows, bibs and wraps. Not only can they rest assured that Boody’s footprint on the earth is soft, but that the brand’s premium bamboo fabric is skin friendly. The hypo-allergenic, anti-bacterial and anti-fungal fabric is also thermo-regulating and anti-static, making it perfect for a baby’s sensitive and delicate skin. Bamboo is a naturally breathable ‘miracle fibre’. Its’ moisture-wicking properties pull sweat away from the skin to avoid irritation, making it perfect for the hot South African climate. Boody’s stretchy fabric provides plenty of movement, making it easy to dress even the wriggliest of tiny tots. Petite fashionistas and trendy moms will love the three earthy shades, matching coloured snap fastenings and contrast binding – and will have plenty of fun gearing your tot out in the entire range or mixing and matching. With Boody Baby, caring is easy. You’ll find Boody at selected Dis-chem stores, independent pharmacies, health stores and online at www.boodywear.co.za For your nearest stockist, see https://boodywear.co.za/apps/store-locator CLICK HERE to submit your press release to MyPR.co.za. . . .
Never miss your luggage on that overcrowded carousel again! The struggle is real, loads of identical bags trundling past, and you either grab the wrong one or spend so long dithering over whether that black suitcase is yours, you miss it. Made out of excess banner fabric, these creative, eye-catching luggage covers by Uzwelo Bags not only make your bags easy to spot, they’re helping uplift the country, too. These unique luggage covers also protect your suitcase against general wear and tear caused by travel and airport handling, provide added security courtesy of the chunky zip which can be locked with a padlock, they are fully washable, and the unique patterns make them easily identifiable. The brainchild of Expand a Sign, the Uzwelo Bags initiative makes use of the excess textile fabric produced by Expand a Sign’s banner creation process. Teams of sewers from underprivileged backgrounds make unique and truly South African bags, uplifting themselves, their families and their community. These luggage covers are available to fit 68cm, 75cm, 81cm and 86cm suitcases, retailing from R450 to R499. Buy your cover today from House of Samsonite luggage stores or online on www.houseofsamsonite.co.za. For more information about Uzwelo, visit www.uzwelo.co.za. CLICK HERE to submit your press release to MyPR.co.za. . . .
Have a day of fun with the family at Bloemendal Wine Estate on Saturday 5 November 2016 from 08h00 – 13h00 at the opening of the first YBIKE kids’ track in Cape Town. This is the second track of its kind to open in South Africa and aimed to teach children the art of balance whilst having fun. Suitable for kids aged 1 – 5 years, this outdoor track is action packed with bumps, ramps and berms purposefully built for all kids on Balance Bikes. You can watch your kids having fun as they make their way THROUGH the track and assist them around if your little ones are not confident enough to ride on their own. There are plenty of demonstration YBIKE’s to try out on the day or bring your own balance bike. The YBIKE pop up shop will also have special prices on YBIKE's on the day. Watch Dylan Wiggill testing out the new track: https://www.youtube.com/watch?v=M2NaE4XCJd8&feature=youtu.be Enjoy a coffee at the BioSport coffee shop or book a table at Bon Amis Café at Bloemendal Wine Estate and have a day of fun with the kids. Venue: Bloemendal Wine Estate, Tygerberg Valley Road, Durbanville, Cape Town Times: 08h00 – 13h00 Cost: Free entry for the day. (Thereafter R30 per child per day) Please note that only kids’ balance bikes are permitted on the track Children aged 1 – 5 years are welcome to ride on the track, under parents’ supervision Safe riding is encouraged, please bring helmets otherwise feel free to use a YBIKE helmet, which will be available on the day. For more information, contact Stephen Wiggill on 083 308 0527 or firstname.lastname@example.org YouTube: https://www.youtube.com/watch?v=M2NaE4XCJd8&feature=youtu.be CLICK HERE to submit your press release to MyPR.co.za. . . .
Private equity investors, Jacobs Capital and Vulindlela Holdings, have purchased a majority stake in leading mobile crane hire company, Summit, for an undisclosed sum. The company, which is the market leader in the Western Cape and has a presence in the Eastern and Northern Cape, has substantial growth prospects nationally. The inclusion of new private equity partners will enable it to realise a number of major growth opportunities in key areas such as the oil and gas sector and wind turbine electricity generation industry, explained Jacobs Capital chief executive, Wessel Jacobs. Summit provides mobile cranes, trained operators and related vehicles and rigging services to clients as part of short to medium term contracts or one off projects. It is the dominant mobile crane provider in the Western Cape and is currently servicing clients in many different industries. In terms of this transaction, the Vulindlela / Jacobs Capital consortium will hold a majority stake in the business with chief executive and company founder, Mike Grant, chief financial officer, Clint Correia, and chief operations officer, Leonard Opensaw, each owning a share in the company. CEO Mike Grant, who launched the company to provide a one stop lifting and moving solution in mid-2010, said that he realised that there was a need to take on private equity partners to maintain Summit’s steep growth curve earlier this year and to involve partners with the right BEE credentials . During its first four years in operation, Summit has had double digit growth in turnover year on year and with the new partners expects to carry on this growth. Last year, Summit Crane Hire invested over R50 million in growing its fleet, adding forklifts, trucks and mobile cranes. It has a staff of 100, including highly skilled rigging crews, project managers and health and safety officers. Grant, who has turned down at least 10 offers to purchase the company, said that because the company was operating . . .
The beautiful 700ha Gwahumbe Game & Spa in Mid-Illovo, KwaZulu-Natal, is the latest private reserve to join the ranks of others which have dehorned their rhinos. Its partnership with Husqvarna and Hilton veterinary surgeon Dr Ryan van Deventer will, hopefully, ensure the survival of the lodge’s last remaining male rhino, eight-year-old Vuyo – and finally allow the expansion of its herd. Previously, said Gwahumbe Game & Spa director Shanon MacKenzie, “We were too anxious about Vuyo’s safety to allow him to be photographed, and we postponed adding to the herd because of the risk of poachers wanting their horns. We are extremely fond of him: he came here when he was just three. The decision to dehorn him was made with his survival and safety very much at the forefront of our minds.” The devastating decline in the rhino population – and the poachers’ savagery– is just one of the issues on the agenda for this year’s CITES COP17 Conference* (24 September-5 October in Johannesburg). Sadly, the battle for the animal’s survival has been a losing one, until recently. A local rhino-dehorning campaign, using Husqvarna outdoor power products, is proving highly successful in the bid to save these beautiful animals from poachers. In KwaZulu-Natal, particularly, the practice is gaining momentum, with increasing numbers of private game reserves voting for this option. The process was first used to help reduce poaching pressure in Zimbabwe in the 1980s. When rhinos are dehorned professionally, the horn is taken above the growth layer of the skin. Rhino horn is like a fingernail: you can cut it or trim it without stopping continued growth. But poachers brutally uproot the entire horn from its base under the skin in the bone. Vet Dr Ryan van Deventer started working on the dehorning project a year ago in various KwaZulu-Natal areas, including, more recently, at the popular Gwahumbe Game & Spa. “Before dehorning, many rhino owners used ankle bracelets and . . .
A recapitalization programme and an investment of over R300 million are on the cards for KZN-based Masonite, a major South African manufacturer of high quality engineered wood. The business rescue process – which started last year and officially ended this week – included the acquisition of the company by corporate investment and transactional advisory firm Jacobs Capital and its partners, Black Bird Capital (headed by Nkosinathi Nhlangulela and Siyabonga Mncube). Creditors received 100 cents in the rand and shareholders will be paid a 35 percent premium on the list price. Most importantly, all employment contracts were saved. The board of directors is in the process of being reconstituted. “We have wasted no time since the deal was approved by the Competition Commission in June. All the conditions of sale have been met. This is a very exciting time. We have teams in place looking at all aspects of the business and strategic planning sessions have produced short and longer term plans,” said Wessel Jacobs, chief executive of Jacobs Capital. The addition of the Masonite business at Estcourt, KwaZulu-Natal, to the Jacobs Capital portfolio marks the third large investment by the group in 12 months, and it is expected to make a meaningful contribution to the annual revenue of the company, whose investments already exceeds R1,5 billion. Since its establishment in 2002, Jacobs Capital has completed over 50 restructuring projects including the successful turnaround of Da Gama, one of the largest textile mills in South Africa. Jacobs said Masonite is a strong company and the deal was structured to ensure that all creditors were paid out leaving the company with a debt free balance sheet and working capital of R85 million as well as R100 million in stock holding. “Extensive recapitalisation of the production lines is necessary to ensure that the Mill runs at full capacity which will ensure that the company is able to return to sustainable profit as . . .
South African private equity firm, Jacobs Capital, has acquired Gelvenor Textiles, manufacturer of industrial, technical apparel, outdoor lifestyle, protective and aeronautical fabrics from Courthiel Holdings, which is owned by German corporate investor, Claas Daun, for an undisclosed amount. The transaction, which is effective from January this year, includes a merger with South Coast based MB Workwear, one of South Africa’s leading manufacturers of workwear and personal protective clothing. MB Workwear will become a division of Gelvenor Consolidated Fabrics. “This means that Gelvenor is now a 100 percent South African company for the first time in our long and successful history,” said Gelvenor Chief Executive, Dicky Coetzee. Gelvenor was established in 1965 as a weaver, dyer and finisher of synthetic and manmade continuous filament yarn fabrics. The Hammarsdale operation has grown into one of the biggest success stories in the South African textile sector and is regarded as a global leader in the production of aeronautical fabrics, ballistics textiles, fire resistant fabrics and many other specialised products. Gelvenor’s range of aeronautical textiles is the result of 30 years of research. It has been used worldwide for over 25 years in the production of paragliding, skydiving, hot air ballooning and military canopies. Gelvenor developed the first microfiber low bulk parachute fabrics in the world in 2002. These are now standard products sold to leading parachute manufacturers and have not been copied. In 2007/8, Gelvenor supplied more than R100 million worth of ballistic fabric for vehicle armouring for coalition forces in Iraq and Afghanistan. Wessel Jacobs, chief executive of Jacobs Capital, explained that, even though the two companies operated under the same parent company, they would continue to operate separately in the market as independent entities. Coetzee said this was important as Gelvenor had concluded important supply . . .