Sunday Tribune 2025-06-01

In2assets will be auctioning a warehouse in the thriving Springfield Park Industrial Precinct on June 19 at 11am. The property at 26-36 Beechfield Crescent, Umgeni Business Park, is AAA-grade industrial facility in one of Durban’s most sought-after logistics zones. Springfield Park is strategically located just north of the Durban CBD. The area is known for its modern infrastructure, easy access to key transport routes, and close proximity to the port. With a land size of ±10 487m², the property offers a high-yield investment, generating ±R5 million in Gross Annual Income. There is currently a secure tenant in place with a lease that runs until 2029. The property has 800 AMPS power supply. Key features include: • Warehouse: ±3 700m² of high-clearance warehouse space, ideal for modern logistics, distribution, or manufacturing.…

Ian Wyles Auctioneers is featuring two properties that will go under the hammer during their multi-property auction on June 25 at 11am at the Oyster Box Hotel, 2 Lighthouse Road, uMhlanga Rocks. The first, an insolvent estate, is an undeveloped residential stand at 115 Heron Street, Kharwastan, Chatsworth. Kharwastan is a vibrant suburb, situated within a well-connected region that balances suburban charm with accessibility to urban amenities and offers residents proximity to major transport routes. The diverse community can easily access essential services, medical facilities, top-tier schools, amenities and public transport. The fully-serviced, undeveloped residential stand offers an opportunity for potential homeowners or developers. The property is primed for develop ment, offering ample space to design and build a custom residential home or multi-unit complex. The stand is connected to…

Cannon’s Auctioneers are now online and go virtual this coming Wednesday and Thursday, with an exceptional selection of treasures in numerous categories. The auction catalogue can now be viewed online, each illustrated lot features a description and auction estimates. The catalogue begins with a vast variety of Africana, reference and coffee table books, plus vintage comics, followed by a number of stamp lots. Moorcroft, Ardmore and Rorke’s Drift pottery items head up the ceramics on offer. More than 50 Royal Doulton figurines should generate interest. Spode’s Italian and Byron dinner services will sell as will jewellery items including silver, gold and diamond pieces (kept off site - appointment required for viewing). The silver category features more than 20 vinaigrettes, which include castle-top and egg-shaped examples plus an exceptional barrel-shaped compendium…

Analysis by the maritime sector has been mostly positive to the news that Transnet would be receiving a R51 billion bailout for Transnet announced by the Minister of Transport last week. Transnet, in a statement, said that it welcomes the Minister of Transport’s announcement of a R51bn government guarantee facility to support its sustainability and long-term growth. “The facility will enable Transnet to refinance maturing debt and ensure the organisation’s continued access to adequate resources and facilities to be able to continue its operations as well as fund the capital investment programme for the foreseeable future.” Dave Watts, a maritime consultant, said that the communication from Transnet does not make clear how much of the R51bn guarantee will be used to roll over or refinance current debt and how much…

Across Africa, well-meaning initiatives, designed in boardrooms, backed by big budgets and rolled out with fanfare, have long been positioned as a force for good. But what if, in trying to help, we’re sometimes making things worse? In too many cases, CSI projects miss the mark: fostering dependence instead of empowerment, duplicating efforts already underway, or overlooking the very people they’re meant to serve. As Africa reflects on transformation during Africa Month, it’s time to ask harder questions about how and why, corporate giving can backfire. We’ve seen programmes that distribute food parcels without investing in food security, or those that introduce technology into schools without training teachers or ensuring the infrastructure exists to support it. These are not just inefficiencies, they are missed opportunities, and in some cases, they…

South African consumers cheered as the South African Reserve Bank (SARB) cut the interest rate this past week, however, a wider view shows that the relief could be undone by other costs increasing. SARB Governor Lesetja Kganyago decreased the repurchase (repo) rate for the country by 25 basis points, dropping it from 7.50% to 7.25%, effectively taking the prime lending rate to the country to 10.75%, from 11%. Hayley Parry, Money Coach and Facilitator at 1Life’s Truth About Money told Business Report that the cut could not have come at a better time. Parry said: “What that means is that, for anyone paying back any debt, you are going to be able to save on your debt repayment. “For example, for every million rand you have in a home loan,…