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Month: June 2015

International Trade Avenue paves the way for investment at Dube

The 3,25km International Trade Avenue that was opened at the Dube TradePort this week marks an important milestone in the implementation of the Industrial Development Zone’s industrial strategy over the next 20 years.  Opened by MEC for Economic Development, Tourism and Environmental Affairs, Michael Mabuyakhulu, the International Trade Avenue enables the next phases of Dube TradeZone developments to come on-stream by opening up new land parcels in Dube TradeZone 2 and 3 for investment. It will open p 120 hectares of land for investment. Building the dual carriage way cost R200 with SMMEs awarded R10 million in contracts. During...

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A business with a difference that makes a difference

Max Pienaar, owner of Savior Brand Co, does not stop expertly crafting a gorgeous leather bag while he explains his and wife’s quest to inspire through entrepreneurship and craft. Residing on Station Road, Savior Brand Co with its raw, minimalist design and graffitied walls stands out among its neighbouring businesses on Umgeni Road. Although the outlet itself is only a year old, the spirit and mission of the brand was born four years ago out of Max and Nicki Pienaars’ desire to create long lasting quality products while helping orphaned, young adults. “We opted for a place in the...

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Churchill House – home to vintage retail

Be it hand-painted china, charming pastries or worldly collectables, Stefano and Terri-Anne Toffoli’s charming business, Churchill House, bustles with a love for all that is artisan. Over a delicious cappuccino adorned in heart-shaped cream, Stefano reminisces about their adventure in creating a sanctuary where Italian hospitality meets bohemian vintage. “Moving to South Africa was purely business”, he insists. A designer who originates from Verona, Italy, he met his South African wife, Terri-Anne, whilst working as the managing director of Luxottica – a premium fashion group responsible for the likes of Ray-Ban, Prada, and Versace. The two fell in love...

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How does America see it?

A recent foray into writing economic “briefs” for an American investor website has given me a whole new take on the picture that we paint for the world. They started out as summaries of economic trends and events of interest to investors, summing up any risks and pointing to expected outcomes for different sectors – both positive and negative, I thought. I couldn’t have been more wrong. It came down to the good old economic adage of supply and demand and positive stories highlighting possible investment opportunities simply did not cut it. So, now, anonymous American readers are dining...

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New gas plant to fire demand in KZN

A new Compressed Natural Gas (CNG) plant valued at between R50 and R100-million will be commissioned in the Durban South Basin by year end, Nkosinathi Solomon, the newly appointed CEO of Spring Lights Gas (SLG) said today (June 25). SLG is one of the two largest piped gas suppliers to KwaZulu-Natal industry. It supplies methane rich gas directly from Sasol Synfuels in Secunda to blue chip companies including Toyota, Sapref, Engen and the first ever independent power producer, Newcogen in Newcastle. It currently has a 43% share of the KZN market alongside its former parent Sasol which is now...

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