WATERFALL BUSINESS ESTATE (WBE) ECONOMIC IMPACT ASSESSMENT

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "WATERFALL BUSINESS ESTATE (WBE) ECONOMIC IMPACT ASSESSMENT"

Transcription

1 WATERFALL BUSINESS ESTATE (WBE) ECONOMIC IMPACT ASSESSMENT DR DIRK A PRINSLOO & DIRK NICO PRINSLOO August 2013

2 WBE: Economic Impact Assessment Objectives: To understand the Gauteng economic environment; To understand and quantify the economic impact of WBE; To quantify the employment opportunities created: Construction Phase (total jobs created as well as by the end of 2013); Operation Phase. Socio-economic impact/output; To understand and quantify the multiplier effect; Tax contribution. The focus was to quantify the economic impact and employment creation as a result of the development of the Waterfall Business Estate (WBE).

3 Property Economic Indicators Macro Economic Environment (RSA Economy) Trend Current Indicators Q1 Comments GDP Growth (Source: StatsSA) GDP 2013Q1 = 0.9% q/q Annual 2012 GDP = 2.3% Inflation (Source: StatsSA) CPI June 2013 = 5.5% Rand/Dollar (Source: Fin24) Building Plans Passed (Source: StatsSA) Building Plans Completed (Source: StatsSA) Car Sales (Source: NAAMSA) House Price (Source: ABSA) Formal Employment (Source: StatsSA) R/US$ - R10 Positive trend is starting to emerge Sideways trend still dominate, with positive trends starting to emerge Total vehicle sales in 2012 = (9% y/y growth) Limited growth in all sectors of the residential market ±10 million formal employees (nonagricultural) in SA; Retail Sales (real prices) (Source: StatsSA) June 2013 y/y = 1.9% SACCI BCI (Source: FNB Building Confidence Index (Source: Interest Rates (Source: SA Reserve Bank) Repo Rate = 5.5% PMI (Source: Oil Price (Source: Sasol) Currently at 90.7 points (base year 2010 = 100) The FNB BCI for 2013Q2 was 41 points, up from 37 points in 2013Q1 July 2013 = 52.2 points (>50 points = expansion) US$110 per barrel Reserve Bank Leading Indicator (Source: SA Reserve Bank) Stable over the past 2 years

4 Macro Economic Environment: Indicator Definitions Economic Indicator SACCI BCI FNB Building Confidence Index Definition South African Chamber of Commerce and Industry (SACCI) Business Confidence Index (BCI); Reflects the business climate that is market-related and accounts for economic developments that has a bearing on the business mood in South Africa. This index reflects the state of the building industry (residential and non-residential) in South Africa. PMI Purchasing Managers Index; An indicator that reflects the health of the manufacturing sector. PMI is based on 5 major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

5 WBE: Central location within region One of the most central locations for the whole of Gauteng/Region

6 Gauteng Economy Average GDP Growth Rate Per Annum (>1997) Gauteng 3.3 Western Cape 3.12 KZN 3.11 Eastern Cape 2.78 Mpumalanga 2.09 Free State 2.05 Limpopo 2.04 North West 1.9 Northern Cape % Growth pa Gauteng growth was consistently higher than the other provinces over the past 15 years.

7 Gauteng Population & Households 2011 Census Data: Gauteng: Pop: HH: City of Tshwane: Pop: HH: West Rand: Pop: HH: Mogale City: Pop: HH: City of Jhb: Pop: HH: Randfontein: Pop: HH: Westonaria: Pop: HH: Merafong City: Pop: HH: Ekurhuleni: Pop: HH: Sedibeng: Pop: HH: Emfuleni: Pop: HH: Midvaal: Pop: HH: Lesedi: Pop: HH:

8 Gauteng: % of total population WBE City of Tshwane: 23.8% West Rand: 6% City of Jhb: 36% Ekurhuleni: 25.8% Sedibeng: 7%

9 Gauteng: Growth Rate Gauteng: 2.7% WBE City of Tshwane: 3.1% West Rand: 1.0% City of Jhb: 3.2% Ekurhuleni: 2.5% Sedibeng: 1.4%

10 Gauteng Economy Gauteng represents 34% of the South African GDP; CoJ represents 17% of the South African GDP; RSA GDP = ±R3 trillion (current prices); Gauteng GDP = ±R1 trillion; CoJ GDP = ±R500 billion;

11 Economy in General Summary of the SA & Gauteng outlook: SA = moderate (2.5%-3.5%) over the medium term; Gauteng market expected to continue to grow well Consumers in general are under pressure; Residential property market is starting to show growth; Global economic recovery is slow.

12 Waterfall Business Estate: Market Information Centrally located within the Gauteng market; Midrand market is attractive due to the agglomeration effect of JHB and PTA (MAS Rank = 5, Rank will improve to 2 in 2017); Considered as an infill development ; > households in the surrounding market (mainly LSM 9-10+); Midrand office market = ± m² (3 rd largest office node in JHB), 4% Vacancy Rate; Strong distribution and warehouse hub.

13 Gauteng Economy The Market Attractiveness Score (MAS) model was developed by Urban Studies to give an indication of the past, current and expected growth taking place in each node. The MAS highlights the attractiveness of each node in terms of property development. The following table shows the MAS for the most important nodes in South Africa (2009, 2013, 2017): Node Rank 2009 Rank 2013 (current) Rank 2016 Sandton Midrand Century City Umhlanga Menlyn Rosebank Centurion Cape Town/ V & A Waterfront Clearwater Greenstone/ Modderfontein

14 10b Waterfall Business Estate (WBE): Status Quo a

15 WBE: Bulk Info Parcel Township Area (m²) FAR Bulk (m²) Zoning 3 tbc Commercial 8 JV X Commercial JV X Commercial JV X Commercial JV X Commercial Phase 1 JV X Office Surplus Rights JV X Retail/Office/Hotel JV X Special Office JV X Office JV X Special JV X Retail/Office/Hotel Surplus Rights JV X Retail/Office/Hotel JV X Office/ Hotel JV X Office/ Hotel 10 - Phase 1A JV X Office JV X Office JV X Office JV X Office 10 - Phase 2 JV X Office 10 - Phase 3 JV X Office JV X Mixed Use JV X Motor Retail JV X97 Mosque JV X Retail JV X Special 10 - Phase 4 JV X Residential JV X Residential JV X Residential JV X Residential JV X Motor Retail a - Phase 2 JV X Office 10b JV X Office 12 JV X Office 15 JV X Special Office JV X Value Retail JV X Shopping Centre JV X Office 21 Buccl X Commercial 22 Buccl X Commercial 24 JV X Special Industrial/ Commercial Total

16 WBE: Economic Impact: Construction Phase Cost Summary Construction Phase Total Building Cost Professional Fees Cost VAT Total Cost (excl. esculation) Total Cost (incl. escalation of 4% for 15 years) Total employment created during construction phase Employment created per annum Impact already significant during initial development phase.

17 WBE: Economic Impact: Construction Phase Employment during different construction phases Start-up phase Initial development phase Peak development phase Slow down phase Mature phase 2023/24

18 WBE: Economic Impact: Construction Phase Worker Output The amount spend within the community due to the jobs created in the construction phase: Socio-Economic Output Total WBE (monthly) Total WBE (annual) WBE (end of 2013) (monthly) WBE (end of 2013) (annual) Consumer/ Retail Goods Transport Insurance Income Tax Medical Education Housing Other Total Output

19 WBE: Economic Impact: Multiplier Effect The multiplier effect illustrates the way in which Economic Impact has a ripple effect on other role players, sectors and industries in the economy; Also referred to as indirect or induced impact; General benchmark multiplier values: National Impact = ; Provincial Impact = ; City Impact = Impact Total Total Construction Cost (WBE) Net Economic Impact 1.5) Total Economic Impact

20 WBE: Economic Impact: Operational Phase The operational phase highlight the activities following the construction phase; Total number of workers at operational phase: WBE (total) = ± workers; WBE (end of 2013) = ±6 500 workers.

21 WBE: Economic Impact: Operational Phase Output of the workers employed within the WBE: Socio-Economic Impact (monthly basis) Total WBE (R) WBE (end of 2013) (R) Consumer/ Retail Goods Transport Insurance Income Tax Medical Education Housing Other Total Monthly Output

22 WBE: Economic Impact: Tax Contribution Tax income per annum for the WBE = ±R440 million WBE (when completed) will contribute 4% of the total property rates income for the City of Johannesburg (CoJ); Variable Commercial Residential Total Replacement Value Tariffs (cents in the rand) WBE Rates & Taxes (per annum) Estimated CoJ Rates & Taxes for 2022/ Constribution of WBE to Total Propery Rates Income 4%

23 Conclusion Construction Phase: Total Cost = ±R30 bn; Total number of jobs created = ±27 000; Total number of jobs created (2013) = ±2 700; Multiplier effect (indirect 1.5; Total economic impact = ±R45 bn. Operation Phase: Number of workers = ±60 000; Number of workers (end of 2013) = ± Tax contribution: ±R440 million per annum; 4% of City of Johannesburg property rates income. Waterfall Business Estate will become one of the strongest nodes within the Gauteng Market.

Office Market Analysis. Gauteng Report

Office Market Analysis. Gauteng Report Office Market Analysis Gauteng Report Contents Highlights 1 Summary 2 Statistics 2 Climate 3 Supply 6 Demand 8 Vacancies 9 Gauteng Rental Rates 10 Prognosis 11 Report Highlights P Grade outperforms A and

More information

ECONOMIC GROWTH PROVINCIAL INTRODUCTION QUARTERLY DATA SERIES

ECONOMIC GROWTH PROVINCIAL INTRODUCTION QUARTERLY DATA SERIES ISSUE 7 OCTOBER 2016 PROVINCIAL QUARTERLY DATA SERIES ECONOMIC GROWTH INTRODUCTION The Quarterly Economic Review is a statistical release compiled by the Eastern Cape Socio Economic Consultative Council

More information

Transaction Capital extends its track-record of robust organic growth: 26% earnings growth for FY17

Transaction Capital extends its track-record of robust organic growth: 26% earnings growth for FY17 MEDIA RELEASE 21 November 2017 Transaction Capital extends its track-record of robust organic growth: 26% earnings growth for FY17 SA Taxi has invested more than R18.6 billion in the minibus taxi industry,

More information

economic growth QUARTERLY DATA SERIES

economic growth QUARTERLY DATA SERIES ISSUE 8 December 2016 PROVINCIAL economic growth QUARTERLY DATA SERIES introduction The Quarterly Economic Review is a statistical release compiled by the Eastern Cape Socio Economic Consultative Council

More information

SOUTH AFRICAN BANKING SECTOR OVERVIEW

SOUTH AFRICAN BANKING SECTOR OVERVIEW 1 SOUTH AFRICAN BANKING SECTOR OVERVIEW TABLE OF CONTENTS Sections Page 1 Background 1 2. Total Assets 1 3. Total liabilities 3 4. Credit extension 4 5. Branches and ATMs 5 6. Usage of payment systems

More information

Gautrain Rapid Rail Link - A Public Private Partnership Development Model

Gautrain Rapid Rail Link - A Public Private Partnership Development Model Gautrain Rapid Rail Link - A Public Private Partnership Development Model T E R R Y R A M A B U L A N A M. C O M ; A G A ( S A ) ; D I P ( F A ) ; M I S T D E X E C U T I V E D I R E C T O R T I S H O

More information

Overview of the state of CSI in South Africa

Overview of the state of CSI in South Africa Overview of the state of CSI in South Africa 24 May 2016 Presented by: NICK ROCKEY Agenda Research highlights Conference panel perspectives on CSI Trialogue initiatives 2 RESEARCH HIGHLIGHTS 3 2001 2002

More information

BUDGET SOUTH AFRICAN BUDGET: THE MACRO PICTURE. Key messages

BUDGET SOUTH AFRICAN BUDGET: THE MACRO PICTURE. Key messages BUDGET CHILDREN AND THE SOUTH AFRICAN BUDGET: THE MACRO PICTURE UNICEF/Pirozzi Key messages The nearly 2 million children in South Africa account for more than a third of the country s population. South

More information

GOVERNMENT NOTICE GOEWERMENTSKENNISGEWING

GOVERNMENT NOTICE GOEWERMENTSKENNISGEWING STAATSKOERANT, 31 MAART 2015 No. 38666 3 GOVERNMENT NOTICE GOEWERMENTSKENNISGEWING SOUTH AFRICAN REVENUE SERVICE SUID-AFRIKAANSE INKOMSTEDIENS No. 295 31 March 2015 NOTICE OF ADDRESSES AT which A DOCUMENT,

More information

Q Office Market Analysis Gauteng Report

Q Office Market Analysis Gauteng Report Office Market Analysis Gauteng Report Contents Highlights 1 Brexit 2 Summary & Statistics 3 Climate 4 Foreign Investment 6 Listed Property 7 Supply 8 Demand 10 Vacancies & Rental Rates 11 Prognosis 13

More information

CONSTRUCTION MONITOR Employment Q3 2017

CONSTRUCTION MONITOR Employment Q3 2017 CONSTRUCTION MONITOR Employment Q3 2017 CIDB CONSTRUCTION MONITOR - EMPLOYMENT; OCTOBER 2017 CIDB CONSTRUCTION MONITOR - EMPLOYMENT; OCTOBER 2017 1. Introduction 1 2. Employment in the Construction Industry;

More information

Experian Consumer Credit Default Index October 2017

Experian Consumer Credit Default Index October 2017 Experian Consumer Credit Default Index October 2017 Index Page 1 Default Index Overview What is measures? Default Index Overview Experian Composite Consumer Default Index Page 2 Default Index Overview

More information

THE NEF APPLICATION FORM R R75 million

THE NEF APPLICATION FORM R R75 million THE NEF APPLICATION FORM R250 000 - R75 million THE NEF APPLICATION FORM R250 000 - R75 million Please complete this application in full with all the required information, including a comprehensive business

More information

LRS INFLATION MONITOR JANUARY 2015

LRS INFLATION MONITOR JANUARY 2015 LRS INFLATION MONITOR JANUARY 201 1 CPI SLOWED SLIGHTLY TO.% IN JANUARY 201 KEY FINDINGS Inflation measures how much more expensive a set of goods and services has become over a certain period, usually

More information

AFRICAN RAINBOW MINERALS 2006 Annual Report. Underground at Harmony s Target gold mine in the Free State province

AFRICAN RAINBOW MINERALS 2006 Annual Report. Underground at Harmony s Target gold mine in the Free State province 48 AFRICAN RAINBOW MINERALS Underground at Harmony s Target gold mine in the Free State province AFRICAN RAINBOW MINERALS 49 Harmony Gold ABOUT HARMONY ARM holds a 16 percent interest in Harmony Gold Mining

More information

EASTERN CAPE BAROMETER

EASTERN CAPE BAROMETER EASTERN CAPE BAROMETER 1.1 Eastern Cape Barometer Eastern Cape Barometer 1.2 Eastern Cape Growth Index 125 Eastern Cape Growth Index 115 105 1.3 Eastern Cape Stress Index Eastern Cape Stress Index 1.4

More information

South African Baseline Study on Financial Literacy

South African Baseline Study on Financial Literacy Regional Dissemination Conference on Building Financial Capability South African Baseline Study on Financial Literacy Lyndwill Clarke Head: Consumer Education 30-31 January 2013 Nairobi, Kenya Outline

More information

Ithuba Holdings (RF) (Pty) Ltd Lottery Turns 18 Competition Terms & Conditions

Ithuba Holdings (RF) (Pty) Ltd Lottery Turns 18 Competition Terms & Conditions Ithuba Holdings (RF) (Pty) Ltd Lottery Turns 18 Competition Terms & Conditions The terms and conditions set out below ("Terms and Conditions") apply to the Ithuba Lottery Turns 18 Competition (the "Competition")

More information

Table 1 sets out national accounts information from 1994 to 2001 and includes the consumer price index and the population for these years.

Table 1 sets out national accounts information from 1994 to 2001 and includes the consumer price index and the population for these years. WHAT HAPPENED TO THE DISTRIBUTION OF INCOME IN SOUTH AFRICA BETWEEN 1995 AND 2001? Charles Simkins University of the Witwatersrand 22 November 2004 He read each wound, each weakness clear; And struck his

More information

South African Reserve Bank STATEMENT OF THE MONETARY POLICY COMMITTEE. Issued by Lesetja Kganyago, Governor of the South African Reserve Bank

South African Reserve Bank STATEMENT OF THE MONETARY POLICY COMMITTEE. Issued by Lesetja Kganyago, Governor of the South African Reserve Bank South African Reserve Bank PRESS STATEMENT EMBARGO DELIVERY 23 November 2017 STATEMENT OF THE MONETARY POLICY COMMITTEE Issued by Lesetja Kganyago, Governor of the South African Reserve Bank Since the

More information

Statistical release P0141

Statistical release P0141 Statistical release Consumer Price Index September 2010 Embargoed until: 27 October 2010 11:30 Enquiries: Forthcoming issue: Expected release date User information services October 2010 24 November 2010

More information

The shape of the pending recovery

The shape of the pending recovery Sizwe Nxedlana Research Economics Economist sizwe.nxedlana@fnbcommercial.co.za (011) 352 3276 The shape of the pending recovery Domestic expenditure deteriorated in the second quarter Real expenditure

More information

THE NEGATIVE IMPACT OF

THE NEGATIVE IMPACT OF We are One THE NEGATIVE IMPACT OF ESKOM s MYPD3 PROPOSAL 31 JANUARY 2013 PETER TURNER, EXECUTIVE VICE PRESIDENT NERSA GAUTENG PUBLIC HEARINGS DISCLAIMER Certain statements included in this presentation,

More information

C-FIBRE PRODUCT TERMS AND CONDITIONS

C-FIBRE PRODUCT TERMS AND CONDITIONS 1. It is important that you understand and agree to these Terms and Conditions in order to make use of the Cell C Fibre To The Home Service ( C-Fibre ). 2. Cell C is offering C-Fibre in partnership with

More information

RMB RESEARCH ECONOMICS

RMB RESEARCH ECONOMICS RMB RESEARCH ECONOMICS 01 October 2009 FALLING CONSUMER INFLATION HIDES A WORRYING TREND A closer look at the most recent CPI data reveals that all is not as it seems. Indeed, beneath positive headline

More information

Processes for Financing Public Basic Education in South Africa

Processes for Financing Public Basic Education in South Africa Processes for Financing Public Basic Education in South Africa Final January 2017 Research commissioned by the International Budget Partnership 1 Table of Contents 1 INTRODUCTION... 3 2 RELEVANT LEGISLATION...

More information

Urban Settlements Development Grant

Urban Settlements Development Grant Urban Settlements Development Grant Presentation to Select Committee on Appropriations Presenter: Marissa Moore Chief Director: Urban Development and Infrastructure, National Treasury 12 September 2012

More information

Quarterly Labour Force Survey Q3:2017

Quarterly Labour Force Survey Q3:2017 Quarterly Labour Force Survey Q3:2017 Dr Pali Lehohla Statistician-General #StatsSA South African Labour Market: Current state vs NDP target South African Labour Market: Current state vs NDP target Unemployment

More information

Q Office Market Analysis KwaZulu-Natal Report

Q Office Market Analysis KwaZulu-Natal Report Office Market Analysis KwaZulu-Natal Report Contents Highlights 1 Summary & Statistics 2 Climate 3 Foreign Investment 5 Listed Property 6 Supply 7 Demand 9 Vacancies & Rental Rates 10 Prognosis 12 Office

More information

IMPACT OF GOVERNMENT PROGRAMMES USING ADMINISTRATIVE DATA SETS SOCIAL ASSISTANCE GRANTS

IMPACT OF GOVERNMENT PROGRAMMES USING ADMINISTRATIVE DATA SETS SOCIAL ASSISTANCE GRANTS IMPACT OF GOVERNMENT PROGRAMMES USING ADMINISTRATIVE DATA SETS SOCIAL ASSISTANCE GRANTS Project 6.2 of the Ten Year Review Research Programme Second draft, 19 June 2003 Dr Ingrid Woolard 1 Introduction

More information

Provincial Applications & WC Economic Trends PP & DF Report

Provincial Applications & WC Economic Trends PP & DF Report Provincial Applications & WC Economic Trends PP & DF Report 1 Contents Table of Figures... 2 Definitions / Data Assumptions... 3 Acronyms... 3 1. Introduction... 4 2. Methods... 4 3. Data and Analysis...

More information

Final Report December 2015

Final Report December 2015 Final Report December 2015 B Table of Contents Glossary... H Acronyms... M Units of Measurement... N Executive Summary... O PHASE 1 1. Purpose... 1 1.1 Scope and objectives of this report... 1 1.2 Background...

More information

STAATSKOERANT, 28 JANUARIE 2011 GENERAL NOTICE NOTICE 57 OF 2011 INDEPENDENT COMMUNICATIONS AUTHORITY OF SOUTH AFRICA

STAATSKOERANT, 28 JANUARIE 2011 GENERAL NOTICE NOTICE 57 OF 2011 INDEPENDENT COMMUNICATIONS AUTHORITY OF SOUTH AFRICA STAATSKOERANT, 28 JANUARIE 2011 No. 33976 3 GENERAL NOTICE NOTICE 57 OF 2011 INDEPENDENT COMMUNICATIONS AUTHORITY OF SOUTH AFRICA "IMPLEMENTATION OF THE ASYMMETRY PROVISIONS OF THE CALL TERMINATION REGULATIONS

More information

Strategic Plan 2012/17, Annual Performance Plan and Budget 2012/13

Strategic Plan 2012/17, Annual Performance Plan and Budget 2012/13 Strategic Plan 2012/17 and Annual Performance Plan 2012/13 Strategic Plan 2012/17, Annual Performance Plan and Budget 2012/13 INDEPENDENT POLICE INVESTIGATIVE DIRECTORATE (IPID) Monday, 16 April 2012 BRIEFING

More information

Investor Platform Fund List

Investor Platform Fund List Bond Income Multi Multi Risk expectation Bond Allan Gray Bond Fund Bond Fund GOVI Tracker Fund Multi Manager Bond Fund Momentum Bond Fund Nedgroup Investments Bond Fund Stanlib Bond Fund market Fund Multi

More information

A STUDY OF THE LABOUR MARKET IN SOUTH AFRICA ABSTRACT

A STUDY OF THE LABOUR MARKET IN SOUTH AFRICA ABSTRACT European Journal of Research in Social Sciences Vol. 2 No. 4, 2014 A STUDY OF THE LABOUR MARKET IN SOUTH AFRICA Zeleke Worku Tshwane University of Technology Business School Pretoria, SOUTH AFRICA ABSTRACT

More information

A comparison of economic impact analyses which one works best? Lukas van Wyk, Melville Saayman, Riaan Rossouw & Andrea Saayman

A comparison of economic impact analyses which one works best? Lukas van Wyk, Melville Saayman, Riaan Rossouw & Andrea Saayman A comparison of economic impact analyses which one works best? Lukas van Wyk, Melville Saayman, Riaan Rossouw & Andrea Saayman Introduction Problem overview Model comparison Empirical comparison Findings

More information

UNPACKING INFRASTRUCTURE DEVELOPMENT SPENDING IN LOCAL GOVERNMENT

UNPACKING INFRASTRUCTURE DEVELOPMENT SPENDING IN LOCAL GOVERNMENT UNPACKING INFRASTRUCTURE DEVELOPMENT SPENDING IN LOCAL GOVERNMENT MUNICIPAL INFRASTRUCTURE SUMMIT 25 MAY 2015 OUT LINE Municipal Infrastructure Matrix Access to Basic services backlogs Capital Budget Funding

More information

Discovery Flexible Property Fund update

Discovery Flexible Property Fund update Discovery Flexible Property Fund update Avoiding the pitfalls of investing in a more uncertain environment November 2017 will mark the 10 th anniversary of the Discovery Flexible Property Fund managing

More information

South African Reserve Bank STATEMENT OF THE MONETARY POLICY COMMITTEE. Issued by Lesetja Kganyago, Governor of the South African Reserve Bank

South African Reserve Bank STATEMENT OF THE MONETARY POLICY COMMITTEE. Issued by Lesetja Kganyago, Governor of the South African Reserve Bank South African Reserve Bank PRESS STATEMENT EMBARGO DELIVERY 30 March 2017 STATEMENT OF THE MONETARY POLICY COMMITTEE Issued by Lesetja Kganyago, Governor of the South African Reserve Bank Since the previous

More information

South Africa. UNICEF/Bart de Ruigh

South Africa. UNICEF/Bart de Ruigh South Africa UNICEF/Bart de Ruigh MACRO BUDGET SOUTH AFRICA 2017/2018 1 0.5 % Real average annual rate of decline of provincial government financing over the MTEF UNICEF/Bart de Ruigh Preface This budget

More information

4 Emfuleni population and labour force

4 Emfuleni population and labour force Chapter 4 University of Pretoria etd Slabbert, T J C (2004) 4 Emfuleni population and labour force Current status and trends 4.1 Introduction In this chapter, Emfuleni is analysed in terms of its demographics

More information

Pricing and paying for municipal rates and charges.

Pricing and paying for municipal rates and charges. Pricing and paying for municipal rates and charges 19 March 2015 1. Introduction The 32 nd Infrastructure Dialogue focused on one of South Africa s consistent challenges, namely Pricing and paying for

More information

Income and Non-Income Inequality in Post- Apartheid South Africa: What are the Drivers and Possible Policy Interventions?

Income and Non-Income Inequality in Post- Apartheid South Africa: What are the Drivers and Possible Policy Interventions? Income and Non-Income Inequality in Post- Apartheid South Africa: What are the Drivers and Possible Policy Interventions? Haroon Bhorat Carlene van der Westhuizen Toughedah Jacobs Haroon.Bhorat@uct.ac.za

More information

Structured Finance. South African Residential Mortgage Default Model RMBS / South Africa Special Report

Structured Finance. South African Residential Mortgage Default Model RMBS / South Africa Special Report RMBS / South Africa Special Report Analysts Adrian Dommisse +44 20 7417 3497 adrian.dommisse@fitchratings.com Fiona Steel + 44 20 7417 3510 fiona.steel@fitchratings.com Suzanne Albers +44 20 7417 6325

More information

Inaugural Gauteng Infrastructure Investment Conference

Inaugural Gauteng Infrastructure Investment Conference Inaugural Gauteng Infrastructure Investment Conference Keynote Address by Minister in the Presidency for Planning, Monitoring and Evaluation, Mr Jeff T Radebe, MP 16 July 2015 Programme Director, Mr Victor

More information

Industrial Market Analysis

Industrial Market Analysis DEC Industrial Market Analysis Bi-Annual Western Cape & KwaZulu-Natal Contents Bi-Annual Highlights 1 Summary 2 Climate 3 Supply 5 Featured Industrial Developments 7 Demand 8 Vacancies 9 Rental Rates 10

More information

NDA Annual Report Presentation to The Parliamentary Portfolio Committee on Social Development. Presented By : Ms Rashida Issel Acting CEO

NDA Annual Report Presentation to The Parliamentary Portfolio Committee on Social Development. Presented By : Ms Rashida Issel Acting CEO NDA Annual Report Presentation to The Parliamentary Portfolio Committee on Social Development Presented By : Ms Rashida Issel Acting CEO BACKGROUND The National Development Agency (NDA) is a Schedule 3

More information

Investment Platform Portfolio List as at 1 December 2016

Investment Platform Portfolio List as at 1 December 2016 Investment Platform Portfolio List as at 1 December 2016 GENERAL INFORMATION OVERVIEW FEES (Excl. VAT) Name Hollard Prime Money Market Maximise interest income, preserve the fund s capital and provide

More information

Document checklist. South African bar-coded ID, valid passport (if foreign national) or birth certificate (if minor)

Document checklist. South African bar-coded ID, valid passport (if foreign national) or birth certificate (if minor) Sygnia TAX-FREE savings ACCOUNT APPLICATION FORM NAtuRAL PERsons No instruction will be processed unless all requirements have been met, all relevant documentation received and the funds reflected in Sygnia

More information

Transformational 692m Retail Portfolio Acquisition. December 2017

Transformational 692m Retail Portfolio Acquisition. December 2017 Transformational 692m Retail Portfolio Acquisition December 2017 EPP Mission Building a national retail champion that leverages both its scale and relationships to provide a leading and cash-generating

More information

Quarterly Bulletin. March South African Reserve Bank

Quarterly Bulletin. March South African Reserve Bank Quarterly Bulletin March 218 South African Reserve Bank Quarterly Bulletin March 218 No. 287 South African Reserve Bank All rights reserved. No part of this publication may be reproduced, stored in a retrieval

More information

Reg. no: 1996/005744/06 REVIEWED CONDENSED CONSOLIDATED RESULTS

Reg. no: 1996/005744/06 REVIEWED CONDENSED CONSOLIDATED RESULTS Reg. no: 1996/005744/06 REVIEWED CONDENSED CONSOLIDATED RESULTS for the year ended Corporate information Niveus Investments Limited Incorporated in the Republic of South Africa Registration number: 1996/005744/06

More information

South Africa. UNICEF South Africa

South Africa. UNICEF South Africa South Africa UNICEF South Africa Education BUDGET SOUTH AFRICA 2017/2018 1 17% Budget for school children remains at 17% of total government expenditure Preface This budget brief is one of four that explore

More information

PROPERTY BAROMETER FNB HOME BUYING ESTATE AGENT SURVEY RAND AREA

PROPERTY BAROMETER FNB HOME BUYING ESTATE AGENT SURVEY RAND AREA 22 September 2015 FNB HOME LOANS: MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 John.loos@fnb.co.za THEO SWANEPOEL: PROPERTY MARKET ANALYST

More information

Provincial Review 2016: KwaZulu-Natal

Provincial Review 2016: KwaZulu-Natal Provincial Review 2016: KwaZulu-Natal KwaZulu-Natal has a strong role in South Africa s manufacturing and agriculture, and has its largest port and main North-South freight corridor. Its manufacturing

More information

The Economic Significance of the Nuclear Deal for Iran

The Economic Significance of the Nuclear Deal for Iran The Economic Significance of the Nuclear for Iran Prepared for Bijan Khajehpour 2 June 215 Introduction Over the past decade, Iran s economy has been undermined by populist policies, mismanagement, corruption,

More information

JSE Stokvel Campaign

JSE Stokvel Campaign JSE Stokvel Campaign The Brief Given the JSE s objective of increasing the retail base, Stokvel& Investment Clubs have been identified as a niche market to target. In September and October, the JSE will

More information

International economic developments

International economic developments International economic developments Global real economic growth accelerated further from 3.6% in the fourth quarter of 216 to 3.9% in the first quarter of 217, mainly due to robust output growth in a number

More information

Bateleur Equity Prescient Fund Half year report back

Bateleur Equity Prescient Fund Half year report back Bateleur Equity Prescient Fund 2017 Half year report back 1 Bateleur Equity Prescient Fund ( the fund ) 2017 1 st half report back to investors Current position Mar 17 Jun 16 Fund Swix Fund Swix Fund

More information

Quarterly financial statistics March 2007

Quarterly financial statistics March 2007 Statistical release Quarterly financial statistics March 2007 Embargoed until: 27 June 2007 3:00 Enquiries: Forthcoming issue: Expected release date: Nozuko Twala June 2007 26 September 2007 +27(2)30 2938

More information

Southern African-German Chamber of Commerce and Industry Enterprise and Supplier Development Fund

Southern African-German Chamber of Commerce and Industry Enterprise and Supplier Development Fund Southern African-German Chamber of Commerce and Industry Enterprise and Supplier Development Fund 1 2 NEF MANDATE Grow black economic participation Financial & non-financial support Culture of savings

More information

Perceptions of Small, Medium and Micro Enterprise on the Implementation of the New Companies Act in South Africa

Perceptions of Small, Medium and Micro Enterprise on the Implementation of the New Companies Act in South Africa Perceptions of Small, Medium and Micro Enterprise on the Implementation of the New Companies Act in South Africa Professor G.E. Chiloane-Tsoka Department of Business Management College of Economic and

More information

THE SMALL, MEDIUM AND MICRO ENTERPRISE SECTOR OF SOUTH AFRICA. Research Note 2016 No 1. Commissioned by The Small Enterprise Development Agency

THE SMALL, MEDIUM AND MICRO ENTERPRISE SECTOR OF SOUTH AFRICA. Research Note 2016 No 1. Commissioned by The Small Enterprise Development Agency THE SMALL, MEDIUM AND MICRO ENTERPRISE SECTOR OF SOUTH AFRICA Research Note 2016 No 1 Commissioned by The Small Enterprise Development Agency January 2016 Executive summary This report presents a broad

More information

Ontario Economic Accounts

Ontario Economic Accounts SECOND QUARTER OF 2017 April, May, June Ontario Economic Accounts ONTARIO MINISTRY OF FINANCE Table of Contents ECONOMIC ACCOUNTS Highlights 1 Ontario s Economy Continues to Grow Expenditure Details 2

More information

BRAND SOUTH AFRICA. Nation Brand Performance Presentation

BRAND SOUTH AFRICA. Nation Brand Performance Presentation BRAND SOUTH AFRICA Nation Brand Performance Presentation Prepared by Brand South Africa Research Updated November 2016 ABRIDGED VERSION 1 Contents Nation Brand Performance three realms of governance Global

More information

Card Fraud SOUTH AFRICA

Card Fraud SOUTH AFRICA Card Fraud SOUTH AFRICA 2013 Table of contents summary 3 Qualification of information...4 National Overview of Credit Card Fraud (2006 2013) 5 National overview of credit card fraud (2006 to 2013)...6

More information

Uncertainties within South Africa s goal of universal access to electricity by 2012

Uncertainties within South Africa s goal of universal access to electricity by 2012 Uncertainties within South Africa s goal of universal access to electricity by 2012 B Bekker, CT Gaunt Department of Electrical Engineering, University of Cape Town, South Africa A Eberhard Graduate School

More information

TRELLIDOR HOLDINGS LIMITED AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2016

TRELLIDOR HOLDINGS LIMITED AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2016 TRELLIDOR HOLDINGS LIMITED AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2016 OVERVIEW Trellidor is the market leading manufacturer of custom made barrier security products Distribution through dedicated

More information

Q Earnings Call

Q Earnings Call Q1 2016 Earnings Call Economic Impact of Investing in our Communities Presented by City Treasurer Kurt Summers MAY 10, 2016 11:00 A M BEFORE WE GET STARTED AUDIO Participants can hear the call through

More information

Dedicated to Value Massmart Reviewed Interim Results for the six months to 23 June Presentation to Investors, Analysts and Media August 2013

Dedicated to Value Massmart Reviewed Interim Results for the six months to 23 June Presentation to Investors, Analysts and Media August 2013 Dedicated to Value Massmart Reviewed Interim Results for the six months to 23 June 2013 Presentation to Investors, Analysts and Media August 2013 Agenda Highlights Operations Financials Performance Summary

More information

Oct/Nov Ban They play an intermediation role between issuers and consumers of financial instruments;

Oct/Nov Ban They play an intermediation role between issuers and consumers of financial instruments; Oct/Nov 2016 Ban 2601 Question 1: 1. Discount houses - Are the oldest of the money market players; - They play an intermediation role between issuers and consumers of financial instruments; - They are

More information

Johannesburg, City of

Johannesburg, City of Percentage (%) CREDIT OPINION 20 June 2017 Update RATINGS Domicile Long Term Rating Type Outlook Johannesburg, South Africa LT Issuer Rating - Dom Curr Negative Please see the ratings section at the end

More information

The relatively slow growth of employment has

The relatively slow growth of employment has NationalEconomicTrends August Please go to researchstlouisfedorg/publications/net for important information about your subscription Labor s Share The relatively slow growth of employment has been a prominent

More information

Final results presentation for the year ended 29 February Johannesburg 19 May 2016 Cape Town 23 May 2016

Final results presentation for the year ended 29 February Johannesburg 19 May 2016 Cape Town 23 May 2016 Final results presentation for the year ended 29 February 2016 Johannesburg 19 May 2016 Cape Town 23 May 2016 Presentation coverage 1 2 3 4 5 6 Group overview Financial performance Operating review What

More information

South Africa. UNICEF/Hearfield

South Africa. UNICEF/Hearfield South Africa UNICEF/Hearfield Social development BUDGET SOUTH AFRICA 217/218 1 .2 % Real average annual rate projected growth of DSD budgets UNICEF/Bart de Ruigh Preface This budget brief is one of four

More information

Presentation to Portfolio Committee

Presentation to Portfolio Committee Presentation to Portfolio Committee Oxford Economic Model and Market Investment Framework 2017 2021 18 August 2017 Slide no. 1 Contents SA Tourism s Goal for the Next Five Years (slide 3) Approach for

More information

RMB FINANCIAL MARKETS RESEARCH ZAR OUTLOOK

RMB FINANCIAL MARKETS RESEARCH ZAR OUTLOOK CURRENCIES MAINTAINING OUR BEARISH VIEW We maintain our bearish view on the ZAR. The driver though is changing from the fallout in the international stock market towards the underlying weakness in the

More information

AMERICAN CHAMBER OF COMMERCE IN SOUTH AFRICA

AMERICAN CHAMBER OF COMMERCE IN SOUTH AFRICA AMERICAN CHAMBER OF COMMERCE IN SOUTH AFRICA P R E S E N TAT I O N TO M E M B E R S O F T H E A M C H A M B E R L A B O U R F O R U M J U LY 2 0 1 4 1 NAVIGATING THE PRESENTATION 2 CCMA Vision, Mission,

More information

COMPETITION TRIBUNAL OF SOUTH AFRICA. Stefanutti & Bressan Holdings Limited

COMPETITION TRIBUNAL OF SOUTH AFRICA. Stefanutti & Bressan Holdings Limited COMPETITION TRIBUNAL OF SOUTH AFRICA In the matter between: Case No: 43/LM/Apr08 Stefanutti & Bressan Holdings Limited Acquiring Firm And Stocks Limited Target Firm Panel : D Lewis (Presiding Member),

More information

Equity in Public Sector Health Care Financing and Expenditure in South Africa: An Analysis of Trends between 1995/96 to 2000/01

Equity in Public Sector Health Care Financing and Expenditure in South Africa: An Analysis of Trends between 1995/96 to 2000/01 Equity in Public Sector Health Care Financing and Expenditure in South Africa: An Analysis of Trends between 1995/96 to 2000/01 Technical Report to Chapter 4 of the South African Health Review 1998 Equity

More information

COMPETITION TRIBUNAL OF SOUTH AFRICA. In the matter between: Old Mutual Life Assurance Company (South Africa) Limited

COMPETITION TRIBUNAL OF SOUTH AFRICA. In the matter between: Old Mutual Life Assurance Company (South Africa) Limited In the matter between: COMPETITION TRIBUNAL OF SOUTH AFRICA Case No: 67/LM/Oct09 Pareto Limited Acquiring Firm And Old Mutual Life Assurance Company (South Africa) Limited Target Firm Panel : N Manoim

More information

Forecast and Country Report for South Africa. United Nations Department of Economic and Social Affairs. Plus Economics Advisory (Pty) Ltd

Forecast and Country Report for South Africa. United Nations Department of Economic and Social Affairs. Plus Economics Advisory (Pty) Ltd Title Forecast and Country Report for South Africa Brief description This document provides a brief analysis of the South African economy in the first and second quarters of 2015. Furthermore a forecast

More information

THE BROLL REPORT 2013/2014

THE BROLL REPORT 2013/2014 THE BROLL REPORT 2013/2014 CONTENTS All care has been taken in the preparation of this document and the information contained herein has been derived from sources believed to be accurate and reliable.

More information

GLOBAL ECONOMICS GLOBAL AUTO REPORT

GLOBAL ECONOMICS GLOBAL AUTO REPORT Canadian Auto Sales Expected to Total Million Units in 1 BEST BACK-TO-BACK ANNUAL TOTAL ON RECORD, EVEN AS SALES IN ONTARIO DECLINE 3% Canadian passenger vehicle sales exceeded mn units for the first time

More information

BANK OF BOTSWANA MONETARY POLICY STATEMENT Mid-Year Review

BANK OF BOTSWANA MONETARY POLICY STATEMENT Mid-Year Review BANK OF BOTSWANA MONETARY POLICY STATEMENT 00 Mid-Year Review 1. INTRODUCTION 1.1 The Monetary Policy Statement (MPS) released in February 00 specified several objectives that the Bank of Botswana intended

More information

THE OLD MUTUAL NUCLEUS INDEX LIFE FUND RANGE

THE OLD MUTUAL NUCLEUS INDEX LIFE FUND RANGE THE OLD MUTUAL NUCLEUS INDEX LIFE FUND RANGE FOR MEMBERS OF OLD MUTUAL SUPERFUND CHOICE INTRODUCING OLD MUTUAL NUCLEUS INDEX LIFE FUNDS Old Mutual Nucleus Index Life Funds are a range of simple, yet effective

More information

INFINUM PARTNERS. China. September 2015

INFINUM PARTNERS. China. September 2015 INFINUM PARTNERS China September 2015 A member of the JD-Infinum Group Rue du Conseil-Général 3-5 CH - 1205 Geneva info@infinum-partners.com Tel + 41 22 316 01 01 Fax + 41 22 316 01 02 www.infinum-partners.com

More information

TAX POLICY AND US HOTEL INDUSTRY ECONOMIC IMPACTS

TAX POLICY AND US HOTEL INDUSTRY ECONOMIC IMPACTS TAX POLICY AND US HOTEL INDUSTRY ECONOMIC IMPACTS NOVEMBER 2017 EXECUTIVE SUMMARY To quantify the potential impacts of tax policy changes on the hotel industry and the industry s valuable contributions

More information

Multiple Deprivation and Income Poverty at Small Area Level in South Africa in Michael Noble, Wanga Zembe, Gemma Wright and David Avenell

Multiple Deprivation and Income Poverty at Small Area Level in South Africa in Michael Noble, Wanga Zembe, Gemma Wright and David Avenell Multiple Deprivation and Income Poverty at Small Area Level in South Africa in 2011 Michael Noble, Wanga Zembe, Gemma Wright and David Avenell 2013 Suggested citation: Noble, M., Zembe, W., Wright, G.,

More information

Kathmandu, Nepal, September 23-26, 2009

Kathmandu, Nepal, September 23-26, 2009 Session Number: Session 8b (Parallel) Time: Friday, September 25, 14:00-15:30 Paper Prepared for the Special IARIW-SAIM Conference on Measuring the Informal Economy in Developing Countries Kathmandu, Nepal,

More information

Economic Outlook. Ottawa Chamber of Commerce/ Ottawa Business Journal: Mayor s Breakfast Series Ottawa, Ontario 27 April 2012.

Economic Outlook. Ottawa Chamber of Commerce/ Ottawa Business Journal: Mayor s Breakfast Series Ottawa, Ontario 27 April 2012. Economic Outlook Ottawa Chamber of Commerce/ Ottawa Business Journal: Mayor s Breakfast Series Ottawa, Ontario 27 April 2012 Mark Carney Mark Carney Governor Agenda Three global forces The consequences

More information

STANLIB Namibia Unit Trust Management Company Limited and Standard Bank Namibia Funds Financial Statements

STANLIB Namibia Unit Trust Management Company Limited and Standard Bank Namibia Funds Financial Statements STANLIB Namibia Unit Trust Management Company Limited and Standard Bank Namibia Funds Financial Statements Annual Financial Statements for the year ended 31 December 2012 Registration number: 98/043 Contents

More information

Economic and Fiscal Outlook

Economic and Fiscal Outlook Economic and Fiscal Outlook Ottawa, Canada 28 www.pbo-dpb.gc.ca The mandate of the Parliamentary Budget Officer (PBO) is to provide independent analysis to Parliament on the state of the nation s finances,

More information

QUEENSLAND SUNCORP GROUP CCIQ PULSE SURVEY OF BUSINESS CONDITIONS

QUEENSLAND SUNCORP GROUP CCIQ PULSE SURVEY OF BUSINESS CONDITIONS QUEENSLAND SUNCORP GROUP CCIQ PULSE SURVEY OF BUSINESS CONDITIONS DECEMBER QUARTER 16 SECTION 1 The CCIQ Pulse Survey of Business Conditions is the largest survey of businesses, providing critical insights

More information

United States. Gross Domestic Product Percent change over year-ago level. Industrial Production Index, 2010=100. Unemployment Rate Percent

United States. Gross Domestic Product Percent change over year-ago level. Industrial Production Index, 2010=100. Unemployment Rate Percent United States Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010=100 1.0 1.5 2.0 2.5 3.0 3.5 4.0 2.5 108 110 112 114 114.9 4.0 4.5 5.0 5.5 6.0

More information

North Dakota Printing Industry Economic & Fiscal Contribution

North Dakota Printing Industry Economic & Fiscal Contribution Demonstrating the Importance of the Printing Industry to the North Dakota State and Local Governments North Dakota Printing Industry Economic & Fiscal Contribution The printing industry in North Dakota

More information

Consumer Price Index. The South African CPI Sources and Methods Manual. Release v.2

Consumer Price Index. The South African CPI Sources and Methods Manual. Release v.2 Consumer Price Index The South African CPI Sources and Methods Manual Release v.2 20 February 2013 Table of contents CHAPTER 1: INTRODUCTION TO THE SOUTH AFRICAN CONSUMER PRICE INDEX (CPI)... 1 1. Defining

More information

REVIEWED CONDENSED CONSOLIDATED

REVIEWED CONDENSED CONSOLIDATED CONDENSED CONSOLIDATED INCOME STATEMENT REVIEWED CONDENSED CONSOLIDATED for the six months ended 30 September FINANCIAL RESULTS for the year ended 31 March 2017 Income R13.2 billion 8% Ebitdar R5.0 billion

More information