For more than three decades, Ken Price Designs, a wooden furniture, fireplace surroundings and cabinet designer and manufacturer has served super high-profile clients. Due to the fact that absolute precision and superior quality is so important to Ken Price Designs, they have been crafting their designs by hand and manual machines for generations. Recently, however, they encountered a problem with drilling the holes in their cabinets accurately as achieving the optimal depth while still maintaining a straight screw-line proved challenging. It meant that they had to compromise their superb level of quality to accommodate the manufacturing process, or Ken Price Designs had to find a solution where their reputation for quality built products would not be in jeopardy. This is when they invested in Advanced Machinery’s CNC Wood Router, a CNC Router that can drill holes in wood with a 100% precision rate. This particular Router can also be used in a variety of other ways that can also prove beneficial to Ken Price Designs, such as the precision profile cutting and wood carving. By investing in the CNC Wood Router from Advanced Machinery, Ken Price Designs are again able to ensure that the level of quality which they are known for is upheld. In addition, they can now also work more precisely in a reduced time period and simultaneously employ less manpower. By taking the traditional way that they have always created furniture masterpieces and fusing it with the most developed and suitable technology, Ken Price Designs gained the competitive edge of working more cost effectively while still ensuring the desired product output is obtained. Author: Liz van der Westhuizen from Confabagility. No of Images Uploaded: Two More Info link: http://am.co.za Twitter: Facebook: Images: For high res version/s of Two image/s please contact: Confabagility. CNC Wood Router purchased by Ken Price Designs. Submit your press release to MyPR.co.za. . . .
A surge in demand for modern new office space in Johannesburg is seeing many of South Africa’s blue chip companies relocate to the bustling Atlas Road, alongside the site of the planned OR Tambo Aerotropolis. So great is the demand that Atlas Road’s Clearwater Office Park, developed by Nu-Hold Group subsidiary Krisp Properties, is having to more than double in size. The expansion, according to Krisp Properties executive director Jordan Mann, would more than double the size of the existing office park, taking it from 17,000m² gross lettable area (GLA) to almost 45,000m² GLA over the next five years. The company has added an average of 4,000m² of commercial space per year at the office park. Mann said the first phase of the expansion was 11,000m² of office space at the corner of Atlas Road and the K86, which he hoped to have completed by December next year. The new development would include five buildings, designed to look inwards onto a piazza, ranging from two to three storeys in height. “We see ourselves as the forerunners of what is happening here at the OR Tambo Aerotropolis. People are taking note of our development, because it is a modern office park which has high traffic volumes along Atlas Road and high visibility,” Mann said. “Atlas Road is a major link road between the East Rand and Pretoria.” The demand for office parks in the area was immense, said Mann, who added that current tenants of Clearwater Office Park included Discovery Health, Old Mutual, ABSA Bank, Michelin Africa headquarters and Imperial Air Cargo. It was 90% let, he said. The estate boasts lifestyle offerings with tennis and squash courts, a gym, spa and a restaurant, all of which Mann said had proved major draw cards in addition to the modern office space. Mann said the company was leading the charge in developing “a new business node” along Atlas Road, given the demand by blue-chip companies to relocate from the likes of Kempton Park. In December last year Michelin . . .
PROCEEDS FROM INVESTMENT POLICIES ARE NOT INTEREST Emil Brincker, Director, National Tax Practice Head, Cliffe Dekker Hofmeyr Generally the proceeds from an investment policy issued by a long term insurance company to a policyholder would be exempt from tax to the extent that it is held for a period of five years. More often than not investment policies are issued by insurers, such as endowment policies and smoothed or stable bonus products, where the insurer guarantees the value (or minimum value) for the policyholder. For instance, if the policyholder invested R100, he will be guaranteed that he will at least receive R104 after expiry of the policy period. A number of insurance companies have received queries to the effect that these types of policies could be seen to be an instrument for purposes of s24J of the Income Tax Act, No 58 of 1962 (Act). In other words, if a return has been guaranteed, the R4 growth in the example above would be seen to be interest. It has now been indicated that it was never the intention that the guaranteed growth in respect of an investment policy should be treated as an instrument for purposes of s24J of the Act. Specific legislation will be introduced to the effect that these types of policies will be excluded from the scope of the interest accrual rules. NEW TAXATION REGIME FOR LONG-TERM INSURERS (AGAIN?) Emil Brincker, Director, National Tax Practice Head, Cliffe Dekker Hofmeyr The taxation treatment of long-term insurance companies has been the subject matter of much debate over the years. For instance: • long-term insurers had to account for a deemed realisation of capital assets for the first year of assessment that ended on or after 29 February 2012 even though the relevant assets would not have been disposed of; and • last year the expense ratio was changed with reference to the ability of long-term insurers to claim a deduction in respect of so-called indirect expenses. Even though it was mooted during . . .
For the fifth year in a row, business law firm Cliffe Dekker Hofmeyr has advised on more M&A deals than any other law firm in South Africa. The firm has taken top honours in the DealMakers Awards for M&A deal flow since 2009. The firm advised on 96 M&A deals in 2013, which was 21.8% of market share. The firm was also top of the legal advisors table for deal value in 2013. The value of the deals advised by the firm was R46,107 billion. According to Willem Jacobs, National Head of the firm's Corporate and Commercial practice group, “Being ranked first in the Dealmakers Deal Flow category for five years in a row is unprecedented. During this period we have consistently advised on more than one in every five deals involving a listed company. This ranking, together with being top of the table in M&A deal value, reinforces our position as one of South Africa's leading business law firms.” Jacobs says that key sectors to watch for future M&A activity include private equity, mining and minerals, energy, oil and gas, infrastructure and hospitality and leisure. He said Cliffe Dekker Hofmeyr was involved in a significant number of large deals throughout Africa in 2013. DealMakers records every M&A deal or corporate finance transaction entered into by any South African listed company. Details include the date, asset, value and various tombstone parties supplying transactional services. The annual winners are ranked by total value and total number of transactions advised on during the year (2013). With more than 52 M&A lawyers in South Africa, Cliffe Dekker Hofmeyr has one of the largest M&A practices in South Africa. The firm's core M&A deal team also includes practitioners from other practice groups with experience in finance and banking, competition, tax, intellectual property, employee incentives, pension and real estate. Cliffe Dekker Hofmeyr was also recently announced as South Africa's No. 1 Large Law Firm for 2014 in the . . .
CAPE TOWN, SOUTH AFRICA, February 2014: “If a person has any greatness in them, it comes to light, not in one flamboyant hour, but in the ledger of their daily work.”? Beryl Markham, West with the Night. A person of passion, determination and great ambitions, Marilyn Cooper is one of the few women who decided to go against the norm and make an inimitable mark in an industry dominated by men. In her 15 years of service at Cape Wine Academy, Marilyn served as CEO for 6; and this is just the tip of the iceberg when it comes to her list of achievements in her illustrious, trailblazing career. Marilyn began her journey late into the wine industry as a student at the Cape Wine Academy (CWA) in 1986 at the age of 38 and worked as a wine consultant compiling wine lists. She then completed her Cape Wine Masters in 1999 and joined the Cape Wine Academy as Manager for the North. In 2001 she was promoted to Principal of the Academy. In 2005, the CWA became a PTY Ltd company and Marilyn became the Managing Director. She was then promoted to CEO where she stayed for 6 years until retiring in December 2013. During this time, Marilyn continued to strive for excellence at the Academy and in her career as an educator and wine expert. She was a Finalist in the CEO Magazine as ‘SA’s Most Influential Women in Business & Government’ in 2009 and nominated again in 2010; she has wine-judged at major wine events such as Veritas, Muscadel Association, Woman Winemaker of the Year, Terroir awards, Michelangelo wine awards, Juliet Cullinan wine awards, WINE magazine, WineLand Magazine, Classic Wine magazine to name a few. A pivotal moment in Marilyn’s career was in 2011 when the CWA reached the milestone of having trained over 100 000 students through the Cape Wine Academy courses. Her efforts did not go unnoticed and in 2012 Cooper was appointed CEO of the Cape Wine Academy. Once at the helm of the Cape Wine Academy, Marilyn went to great lengths to stimulate employment . . .
Kellogg Asia Pacific has announced the appointment of Gerald Mahinda, who joined Kellogg as Managing Director Sub-Saharan Africa on February 1, 2014. “As part of our emerging markets strategy, we have identified Sub-Saharan Africa as a key area of focus with long term growth potential for Kellogg,” says Amit Banati, President, Asia Pacific Kellogg Sub-Saharan Africa is a key area of focus for Kellogg Company under the company’s emerging markets strategy. Mr Mahinda will work closely with the leadership of Kellogg’s Mediterranean, Central Europe, Middle East and Africa businesses, to transition into the new Sub-Saharan leadership role. The North Africa business will remain under the leadership of Kellogg’s EMEA. “Gerald has extensive experience in Africa and we are very pleased to have him join Kellogg,” said Banati. “We are looking forward to the Sub-Saharan Africa business thriving under his guidance and leadership.” Mr Mahinda joins Kellogg from Diageo where he has spent 14-years in leadership roles and been instrumental in delivering transformational growth for Diageo in Africa. Mr Mahinda has developed his career in Africa in various senior executive leadership roles spanning 20 different countries, with companies including AIG, Standard Chartered and as Managing Director of East African Breweries, Brandhouse in South Africa and until recently Managing Director of Diageo Africa Spirits Transformation. Mr Mahinda spoke of his ambitions for growth and his emphasis on people. He said: “I see an outstanding opportunity for Kellogg to grow in Africa and felt energized by the team when I met them. I believe in winning with people and under my leadership that’s how we’ll achieve our ambitions.” Author: Paula Wilson from Paula Wilson Media Consulting. No of Images Uploaded: One More Info link: http://www.kelloggcompany.com/en_US/home.html Twitter: Facebook: Images: For high res version/s of One image/s please contact: Paula Wilson Media . . .
CAIA to present the Responsible Care Process Safety Management Workshop - A Sound Process Safety Management System has Benefits. The Chemical and Allied Industries’ Association (CAIA) will present the Responsible Care Process Safety Management (PSM) Workshop, at Sica Guesthouse, Mayville, Durban on 14 March 2014 from 08h00. Featured speakers include Francois Holtzhausen from Sasol and process safety experts, Rod Prior and Dr Mike Rose, amongst others. The workshop has the objective of promoting effective Process Safety Management programmes within chemical companies. The workshop will address process safety best practices, learnings from process safety incidents as well as ways in which a company’s PSM systems can be enhanced. The importance of assessing the risk associated with changes to a plant and how such changes can be managed in a systematic way will be discussed, and useful tips will be imparted on how to maximize the effects of a company’s Management of Change (MOC) process. A practical approach to process safety critical controls and important criteria that can be used to identify process safety critical equipment will also be focussed on. A process safety tool that can be used for off-site consequence analysis, and that provides simple methods and reference tables for determining distance to endpoint for worse-case and alternative release scenarios, will be shared. The workshop will end with an interactive session on the learnings from a significant process safety incident. PSM is one of the core focus elements of the Responsible Care Initiative. Responsible Care, a unique initiative of the global chemical industry, is designed to have a measurable impact on company’s safety, health and environmental (SHE) performance. The programme will assist companies to reduce risks and to manage the safety, health and environmental (SHE) implications of their processes effectively. To learn more about this workshop, please contact The Chemical and . . .
At a time of global economic uncertainty, Eden Island property development in the Seychelles is bucking the trend and showing returns on investment which are way above the average. For Eden Island Property Development Company (Seychelles) Limited, the start to 2014 is proving to be a time to remember, with record sales in the month of January of over US $12m (over R120-million) and the honour of achieving three prestigious International Property Awards at a ceremony in Dubai. “Both the sales volumes and the awards received confirm that we are offer an exceptional product,” said Peter Smith, Marketing Director for Eden Island Development Company (Seychelles) Limited. “Even with the weaker Rand, we are offering really positive returns on investment.” The estate consists of 580 units and, with 460 sold to date, the remaining 120 units still available are expected to move fast taking into account the current levels of demand. One of the most positive aspects has been the fact that existing owners continue to upgrade or buy second, third or more properties in the development. “This is a really positive endorsement from the very people who have already invested,” Smith said. “In fact some 25% of the homes on Eden Island are owned by homeowners who have upgraded or bought second or more properties. “These new sales are also increasing the number of homes being placed in our rental pool, which is good news at a time when the international holiday market is turning more to luxury self-catering villa or apartment rentals rather than traditional hotel bookings,” Smith said. The development began as 56 hectares of reclaimed land, with the far less glamorous name of Zone 10. Renamed as Eden Island in 2005, the land which is connected to the main island of Mahe by a bridge, was sculptured into a series of idyllic inlets and private beaches and waterways. The properties themselves conform to the Creole architectural style of the area, with large verandas, . . .
[February 2014, Cape Town] Statistics released by the Independent Examinations board late last year revealed a 98.56% matric pass rate for 2013 translating to a figure of 10 166 learners who passed and achieved tertiary study entry pass rates. Whilst many celebrated their achievements, the start of the new school year quickly revealed a problem with capacity at institutions, personal finance and various other factors inhibiting some of these young people from pursuing tertiary study. A ripple effect of this being a rising unemployment crisis as many of these young people have no alternative other than trying to find a job to support themselves and their families or to earn money to pay for their studies. Encouraging young people that big dreams start young is a key message that Lydia Zingoni, Founder and Director of the SA Teen Entrepreneur Foundation is advocating for in response to this challenge. Teen Entrepreneur Foundation which was started in 2010 exists for the sole aim of instilling a culture of entrepreneurship in teenagers in South Africa. Teenagers represent more than a third of South Africa’s population. There are currently 18,5 million Teens in South Africa out of a total population of 53 Million people. Through SA Teen Entrepreneur Foundation Lydia’s dream is to create entrepreneurial programs, competitions and networks that will penetrate to teenagers in all provinces within South Africa. To encourage this train of thought, SA Teen Entrepreneur Foundation hosts a breakfast series titled: “Awaken the Giant in You” where guest speakers are invited to share their practical journeys in entrepreneurship and life lessons with learners, their parents and organisations wishing to support the development of entrepreneurs. The event will take place on Friday, 28 February 2014 at the Vineyard Hotel, Newlands at 08h30. Simon Mantell from Mantelli’s biscuits will be the keynote speaker. Come and be inspired by his entrepreneurial journey, from small . . .
Wakaberry recognized by the International Frozen Yogurt Association for excellence - IFYA’s Swirl of Honor program recognizes frozen yoghurt shops worldwide for their commitment to excellence. For the first time ever the International Frozen Yogurt Association (IFYA)’s Swirl of HonorTM programme has recognised a frozen yoghurt brand outside of the US. They have awarded South Africa’s first self-serve frozen yoghurt bar, Wakaberry, with three swirls, the most swirls a frozen yoghurt brand can be awarded. “The IFYA is absolutely thrilled to honor Wakaberry and to expand our program into South Africa. Wakaberry is a leader and innovator in its area and the brand’s core values of real yoghurt, real people and real fun resonate with the Swirl of Honor program’s values. We look for brands like Wakaberry that care about the quality of the frozen yoghurt they serve, offer superior customer service and create a fun, enjoyable experience for customers,” said Susan Linton, IFYA President. “We applaud Wakaberry’s commitment to quality (their yogurt is made with local organic milk) and their involvement with the Ubuntu Youth Empowerment Program.” Said Michele Fourie, co-founder and director of Wakaberry Holdings Pty Ltd: “Wakaberry is extremely proud to be the first international recipient of the Swirl of HonorTM Programme. It is great to receive such a prestigious award, acknowledging Wakaberry as the market leaders in frozen yoghurt in South Africa. We look forward to a great association with the IFYA in 2014.” The Swirl of HonorTM Programme was launched by the IFYA in 2013 to recognize excellence in frozen yoghurt. As the first and only quality seal program specifically for frozen yoghurt stores, the IFYA developed stringent quality standards. Swirl of HonorTM recipients have demonstrated their commitment to quality frozen yoghurt, store cleanliness, superior customer service, and environmentally friendly business practices. Recipients receive one to three Swirls . . .