Sunday Tribune 2024-09-22

Broll Auctions and Sales has been chosen by the SABC to auction three vacant portions of land adjacent to Kingsmead Cricket Stadium. The portions, which form part of a single erf, have a combined area of 8 944m². The land is surrounded by a vibrant mix of hospitals, shops, hotels and businesses, including the SABC, Unisa and the Durban ICC, as well as a range of residential properties. The sites offer significant appeal to developers. “The zoning of General Business 3 presents a unique opportunity for investors to develop a space tailored to their vision,” said Jaclyn Nair, a broker at Broll Auctions and Sales. “With a maximum height limit of seven storeys and 80% coverage, the potential uses for these sites are diverse. They could accommodate a sports club…

It’s time for Cannon’s penultimate antiques and collectables auction of 2024. The auction will be taking place over two days, Wednesday from 11am and Thursday from 9am. African collectables have pride of place in the auction, which features a 1940s lion skin rug, a zebra skin rug with head and tail and two leopard skin rugs from a similar period. Also on offer is a variety of early 20th century Maasai hunting spears, bows and drums. Collectors will also find a taxidermied tigerfish and a bird composition in a display case, as well as a Tanzanian ebony dignitary staff and a Makonde fertility stool. Investors have the opportunity to bid on a number of rare Union of SA short proof sets from the ’40s and ’50s, plus a job lot…

Ian Wyles would like to feature two properties that will go under the hammer during its auction on Wednesday at 11am. The first is a commercial property at 10 Jasmin Road, Zilweni. It is south of Pinetown, is centrally located and approximately 8km to the N3 and 9km to the N2. The total property area is 3 563m² and comprises: A standard residence with three bedrooms, two bathrooms, lounge, dining room and kitchen Residence land area and driveway Four warehousing sections Set of workers’ change rooms and ablutions Upstairs residence, which can be used as offices Under-roof space Cemented hard yard Viewing is by appointment only. For more information, please contact Ian Williams at 073 346 8407. You could also call 031 579 4403 or visit www.ianwyles.co.za. The second property…

This week’s interest rate cut by the SA Reserve Bank’s Monetary Policy Committee will bring some relief to farmers' borrowing costs, improve profitability and offer farmers an incentive to invest in their enterprises, the Land and Agricultural Development Bank of South Africa said. The interest rate was cut by 25 basis points, from 8.25%, a 15-year high, to 8%. Sakhumzi May, the chief agricultural economist at the government-owned development bank, said the interest rate cut would also improve households’ disposable income, which could, in turn, improve their demand for agricultural products. “Looking forward, from a cost-pressure perspective, the rate cut is likely to bode well for the growth prospects of the agricultural sector. After having contracted by 2.1% (quarter-on-quarter, seasonally adjusted and annualised) in quarter two 2024, preceded by growth…

Heritage Month. Two words with a much deeper meaning than first meets the eye. Heritage is a big thing. It’s a meaningful thing. When I began thinking about writing this piece, I found inspiration in one of our most cherished cultural legacies: jazz. And a book that explores the leadership lessons jazz offers to creative industry leaders: “Yes to the Mess: Surprising Leadership Lessons” by Jazz by Frank J Barrett. It brilliantly highlights leadership practices that align with our creative world of communications and advertising, where we continuously chase bold ideas, cultivate teamwork and build meaningful connections with our clients. As we constantly seek new ways of doing, thinking and creating, accelerated by technology, what about taking inspiration from the essentials of a genre that had stood the test of…

While the South African Reserve Bank (SARB) announced a cut in the interest rates this past week, many are asking if it was too late and too little. SARB cut its repurchase rate (repo rate) by 25 basis points, to 8% a year, following seven-consecutive meetings at a 15-year peak of 8.25%. This means the prime lending rate will decline from 11.75% to 11.5% per annum, bringing some respite to debt-burdened consumers. This also marked the SARB’s first policy easing since the Covid-19 pandemic in mid-2020 as the annual inflation rate slowed to a three-year low of 4.4% in August, below the SARB’s 4.5% midpoint target level. While the decrease in interest rates will bring some relief to consumers in the country, many have been contending with the cost-of-living crisis,…