Sunday Tribune 2023-10-29

Ian Wyles Auctioneers will be auctioning a four-level commercial retail building in Durban central on November 15 at 11am. The property, at 52 Joe Slovo Street, is located within the central business district and has good access to the M4 main road linking the CBD to the northern and southern suburbs, as well as the N3 freeway linking the CBD to the inner and outer west suburbs. It has road frontage to the prominent high-traffic Joe Slovo Street and is well-positioned for the advertising of business offerings. The property is a multi-tenanted four-level building with the ground floor currently occupied by a tea room, fast food outlet and restaurant. The upper levels are occupied by a hair salon and a residential flat on the first floor with the balance of…

In2assets will be auctioning two prominent industrial properties in Johannesburg on November 16 at 11am. The auction will be live-streamed from the Mount Edgecombe Country Club, allowing participants from around the world to join in and bid for these assets. The first industrial property is 76 Kraft Road, Henville, Germiston, which is being sold in a liquidation matter. It features an impressive 37 041m2 of industrial space with 14 individual buildings, presenting a great opportunity for both national and international investors. This expansive property is mostly tenanted and located in Henville, Germiston, a prime industrial area in Johannesburg. Spreading over three erven, the property offers significant potential for redevelopment or repurposing to meet the needs of a wide range of industries. Accessible from major transportation routes and with proximity to…

From Star Wars droid C-3PO’s head to Leonardo DiCaprio’s Titanic costume, a trove of costumes and props are headed to auction next month in a sale of film and television memorabilia worth around $14.6 million (R277m). More than 1 800 items are being sold by entertainment memorabilia auctioneer Propstore at its annual live auction, from November 9 to 12. Leading the sale is the light-up head actor Anthony Daniels wore to play C-3PO in Star Wars: A New Hope, with an estimate of $600,000- $1.2 million (R11.3m to R22.6m). Daniels is also selling other Star Wars memorabilia. “We have his complete archive from his time of working on the Star Wars films so that includes some of the props and body components and parts, his head, his hands, his feet,”…

The athletic footwear market is a lucrative multibillion market, expected to bring in $52.98 billion (R1 trillion) in revenue in 2023. According to the numbers presented by SafeBettingSites.com, US sportswear giant Nike currently possesses the biggest share of the market. The most recent market update from Statista shows that Nike enjoys a massive 28% share of the athletic footwear market. Nike’s share puts it comfortably ahead of its traditional rivals, such as adidas and Puma. German brand adidas has the second biggest share of the market at 9%. It has a strong presence in Europe, the Middle East and Africa region, and it represents its biggest market, while North America is the biggest market for Nike. Japanese sporting goods brand Asics is the third biggest shareholder in the market. Asics…

In a groundbreaking legal decision, the High Court has declared the existing maternity provisions under the Basic Conditions of Employment Act (BCEA) unconstitutional, citing violations of the rights to equality and human dignity. The verdict, handed down by the Gauteng High Court, marks a significant turning point in parental leave regulations, effectively reshaping established norms. The catalyst for this historic judgment was the case of Werner van Wyk, who sough four-months leave to care for his newborn child. His employer rejected his request, prompting Van Wyk and others to take the Minister of Employment and Labour to court. The court's judgment found that these provisions unjustly discriminate against mothers and fathers, as well as different sets of parents, based on factors such as the method of childbirth, surrogacy, or adoption.…

South Africa's local job market saw a 3% decline ‘quarter-on-quarter’ in the third quarter of this year, driven by a significant decrease in hiring activity in September, according to the Pnet Job Market Trends Report. The Pnet Job Market Trends Report is based on empirical data sourced from the Stepstone Group, a South African online recruitment platform, with a database of more than 8 million registered users.\Year-on-year, hiring activity had declined by -3%. However, over the past two years there had been a 14% growth in jobs. Some of the reports out takes for quarter three (Q3) 2023: One in five international jobs were allocated to business and management professionals. The North West province experienced a significant decrease in hiring activity for IT professionals . The Free State’s labour demand…