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.

Provincial Report 2009/ 2010: Gauteng

Provincial Report 2009/ 2010: Gauteng Provincial Report 2009/ 2010: Background The provincial reports have been compiled in response to requests from stakeholders, in particular provincial committees, for provincial profiles, updates and summaries

More information

Residential Property Indices. Date Published: August 2018

Residential Property Indices. Date Published: August 2018 Residential Property Indices Date Published: August 2018 National Inflation Current annual inflation rate is 3.79% and monthly is 0.26% Market Review As at the end of July 2018 the national house price

More information

Residential Property Indices. Date Published: September 2018

Residential Property Indices. Date Published: September 2018 Residential Property Indices Date Published: September 2018 National Inflation Current annual inflation rate is 3.85% and monthly is 0.27% Market Review As at the end of August 2018 the national house

More information

Residential Property Indices. Date Published: July 2018

Residential Property Indices. Date Published: July 2018 Residential Property Indices Date Published: July 2018 National Inflation Current annual inflation rate is 3.93% and monthly is 0.28% Market Review As at the end of June 2018 the national house price inflation

More information

Residential Property Indices. Date Published: October 2018

Residential Property Indices. Date Published: October 2018 Residential Property Indices Date Published: October 2018 National Inflation Current annual inflation rate is 3.77% and monthly is 0.25%. Market Review As at the end of September 2018 the national house

More information

PROPERTY BAROMETER FNB Gauteng Sub-Region House Price Indices

PROPERTY BAROMETER FNB Gauteng Sub-Region House Price Indices 27 March 2018 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THULANI LUVUNO: STATISTICIAN 087-730 2254 thulani.luvuno@fnb.co.za

More information

Who cares about regional data?

Who cares about regional data? Who cares about regional data? Development happens somewhere - in a spatial locality. Aggregations hide [important] variety in the data Within South Africa: KwaZulu-Natal is not like the Western Cape Within

More information

8. Inequality GAUTENG CITY-REGION OBSERVATORY QUALITY OF LIFE SURVEY 2015 CHANGING SOCIAL FABRIC

8. Inequality GAUTENG CITY-REGION OBSERVATORY QUALITY OF LIFE SURVEY 2015 CHANGING SOCIAL FABRIC GAUTENG CITY-REGION OBSERVATORY QUALITY OF LIFE SURVEY 1 8. Inequality Darlington Mushongera, darlington.mushongera@gcro.ac.za, 11 717 79 Graeme Götz, graeme.gotz@gcro.ac.za, 11 717 78 This brief gives

More information

Focus on Household and Economic Statistics. Insights from Stats SA publications. Nthambeleni Mukwevho Stats SA

Focus on Household and Economic Statistics. Insights from Stats SA publications. Nthambeleni Mukwevho Stats SA Focus on Household and Economic Statistics Insights from Stats SA publications Nthambeleni Mukwevho Stats SA South African Population Results from CS 2016 Source: CS 2016 EC Household Results from CS 2016

More information

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

The contribution of British American Tobacco South Africa to the Western Cape economy

The contribution of British American Tobacco South Africa to the Western Cape economy The contribution of British American Tobacco South Africa to the Western Cape economy A study conducted by Quantec Research, 2016 Contents 2 The contribution of British American Tobacco South Africa to

More information

about mogale city the municipality;

about mogale city the municipality; introduction The Housing Development Agency ("HDA") is a national public development agency that promotes sustainable communities by making well located and appropriately planned land and buildings available

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

Residential Property Indices. Date Published: 30 June 2014

Residential Property Indices. Date Published: 30 June 2014 Residential Property Indices Date Published: 30 June 2014 National Inflation Current annual inflation rate is 7.26% and monthly is 0.59% Market Review National year-on-year house price inflation is at

More information

Residential Property Indices. Date Published: March 2018

Residential Property Indices. Date Published: March 2018 Residential Property Indices Date Published: March 2018 National Inflation Current annual inflation rate is 4.08% and monthly is 0.31% Market Review As at the end of February 2018 the national house price

More information

REPORT OF THE SELECT COMMITTEE ON FINANCE ON THE PROVINCIAL TREASURIES EXPENDITURE REVIEW FOR THE 2014/15 FINANCIAL YEAR, DATED 14 OCTOBER 2015

REPORT OF THE SELECT COMMITTEE ON FINANCE ON THE PROVINCIAL TREASURIES EXPENDITURE REVIEW FOR THE 2014/15 FINANCIAL YEAR, DATED 14 OCTOBER 2015 REPORT OF THE SELECT COMMITTEE ON FINANCE ON THE PROVINCIAL TREASURIES EXPENDITURE REVIEW FOR THE 2014/15 FINANCIAL YEAR, DATED 14 OCTOBER 2015 1. Introduction and Background The Select Committee on Finance

More information

Residential Property Indices. Date Published: February 2018

Residential Property Indices. Date Published: February 2018 Residential Property Indices Date Published: February 2018 National Inflation Current annual inflation rate is 4.21% and monthly is 0.34% Market Review As at the end of January 2018 the national house

More information

LABOUR MARKET PROVINCIAL 54.3 % 45.7 % Unemployed Discouraged work-seekers % 71.4 % QUARTERLY DATA SERIES

LABOUR MARKET PROVINCIAL 54.3 % 45.7 % Unemployed Discouraged work-seekers % 71.4 % QUARTERLY DATA SERIES QUARTERLY DATA SERIES ISSUE 6 October 2016 PROVINCIAL LABOUR MARKET introduction introduction The Eastern Cape Quarterly Review of Labour Markets is a statistical release compiled by the Eastern Cape Socio

More information

South African SMME Business Confidence Index Report: 2nd Quarter 2014

South African SMME Business Confidence Index Report: 2nd Quarter 2014 ISSN 1811-5187 AFRICAGROWTH INSTITUTE Tel: (021) 914 6778 Fax: (021) 914 4438 www.africagrowth.com South African SMME Business Confidence Index Report: 2nd Quarter 2014 Compiled by: Africagrowth Institute

More information

South African SMME Business Confidence Index Report: 4th Quarter 2013

South African SMME Business Confidence Index Report: 4th Quarter 2013 ISSN 1811-5187 AFRICAGROWTH INSTITUTE Tel: (021) 914 6778 Fax: (021) 914 4438 www.africagrowth.com South African SMME Business Confidence Index Report: 4th Quarter 13 Compiled by: Africagrowth Institute

More information

RANDFONTEIN LOCAL MUNICIPALITY Municipal Profile

RANDFONTEIN LOCAL MUNICIPALITY Municipal Profile introduction The Housing Development Agency ("HDA") is a national public development agency that promotes sustainable communities by making well located and appropriately planned land and buildings available

More information

A comprehensive view of the state of the residential rental market in South Africa Q JAN - MAR

A comprehensive view of the state of the residential rental market in South Africa Q JAN - MAR A comprehensive view of the state of the residential rental market in South Africa JAN - MAR PayProp Rental Index Quarterly The current downward trend in the South African economy appears to be taking

More information

GCRO DATA BRIEF: NO. 6

GCRO DATA BRIEF: NO. 6 DATA BRIEF GCRO DATA BRIEF: NO. 6 Produced by the Gauteng City-Region Observatory (GCRO) A partnership of the University of Johannesburg (UJ), University of the Witwatersrand, Johannesburg (Wits), the

More information

SUMMARISED CONSOLIDATED RESULTS For the year ended 30 June 2016 STRATEGIC & OPERATIONAL OVERVIEW. Canal Walk (Cape Town, Western Cape)

SUMMARISED CONSOLIDATED RESULTS For the year ended 30 June 2016 STRATEGIC & OPERATIONAL OVERVIEW. Canal Walk (Cape Town, Western Cape) SUMMARISED CONSOLIDATED RESULTS For the year ended 30 June 2016 STRATEGIC & OPERATIONAL OVERVIEW Canal Walk (Cape Town, Western Cape) 1 STRATEGY & OVERVIEW South African REIT Focused on emerging markets

More information

Salary Survey. The Association of South African Quantity Surveyors (ASAQS) March 2017 (Published in October 2017) South African Construction Industry

Salary Survey. The Association of South African Quantity Surveyors (ASAQS) March 2017 (Published in October 2017) South African Construction Industry The Association of South African Quantity Surveyors (ASAQS) Salary Survey March 2017 (Published in October 2017) South African Construction Industry Business Information Services www.industryinsight.co.za

More information

Biannual Economic and Capacity Survey. July December2017

Biannual Economic and Capacity Survey. July December2017 Biannual Economic and Capacity Survey July December2017 1 Firm distribution based on Annual Turnover (based on responses received) July December 2017 Full survey Category by gross annual income % of firms

More information

South African SMME Business Confidence Index Report: 1st Quarter 2016

South African SMME Business Confidence Index Report: 1st Quarter 2016 ISSN 1811-5187 AFRICAGROWTH INSTITUTE Tel: (021) 914 6778 Fax: (021) 914 4438 www.africagrowth.com South African SMME Business Confidence Index Report: 1st Quarter 2016 Compiled by: Africagrowth Institute

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

LABOUR MARKET PROVINCIAL 51.6 % 48.4 % Unemployed Discouraged work-seekers % 71.8 % QUARTERLY DATA SERIES

LABOUR MARKET PROVINCIAL 51.6 % 48.4 % Unemployed Discouraged work-seekers % 71.8 % QUARTERLY DATA SERIES QUARTERLY DATA SERIES ISSUE 7 November 2016 PROVINCIAL LABOUR MARKET introduction introduction The Eastern Cape Quarterly Review of Labour Markets is a statistical release compiled by the Eastern Cape

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

Residential Property Indices. Date Published: August 2016

Residential Property Indices. Date Published: August 2016 Residential Property Indices Date Published: August 2016 National Inflation Current annual inflation rate is 5.20% and monthly is 0.35% Market Review As at the end of July 2016 the national house price

More information

Commercial real estate transaction review: South Africa

Commercial real estate transaction review: South Africa March 2015 Commercial real estate transaction review: South Africa Capital Markets research Commercial property investment activity slowed down in 2014. The overriding factor which contributed to reduced

More information

Home Loans. Housing review First quarter 2016

Home Loans. Housing review First quarter 2016 Home Loans Contents Economic overview Household sector overview Property sector overview House prices Building costs Land values Affordability of housing Outlook 7 Graphs 9 Statistics 11 Compiled by Jacques

More information

Tour of Tower Cape Properties

Tour of Tower Cape Properties www.towerpropertyfund.co.za Tour of Tower Cape Properties Contents www.towerpropertyfund.co.za Tower Strategy Financial Highlights Operational Highlights Tower at a Glance Management Team Borrowings Valuations

More information

1. Introduction 2. DOMESTIC ECONOMIC DEVELOPMENTS. 2.1 Economic performance in South Africa ISBN: SECOND QUARTER 2013

1. Introduction 2. DOMESTIC ECONOMIC DEVELOPMENTS. 2.1 Economic performance in South Africa ISBN: SECOND QUARTER 2013 November 2013 ISBN: 978-1-920493-99-8 SECOND QUARTER 2013 1. Introduction The Quarterly Economic Update for the second quarter of 2013 (2Q2013) has been expanded and contains a range of new indicators.

More information

URBAN RENEWAL TAX INCENTIVE

URBAN RENEWAL TAX INCENTIVE URBAN RENEWAL TAX INCENTIVE ABOUT THIS GUIDE This guide contains a summary of the main features of the Urban Renewal Tax Incentive legislation (section 13quat of the Income Tax Act (Act No. 58 of 1962)).

More information

Integrating climate risk assessment/management/drr into national policies, programmes and sectoral planning. G Midgley, South Africa

Integrating climate risk assessment/management/drr into national policies, programmes and sectoral planning. G Midgley, South Africa Integrating climate risk assessment/management/drr into national policies, programmes and sectoral planning G Midgley, South Africa The national policy framework South Africa s Disaster Management Act,

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

Business Partners Limited SME Confidence Index

Business Partners Limited SME Confidence Index Business Partners Limited SME Confidence Index Fourth Quarter of 2017: October December Issued February 2018 1 RATIONALE FOR THE BUSINESS PARTNERS LIMITED SME CONFIDENCE INDEX SMEs are often punted as

More information

Unaudited Interim results

Unaudited Interim results Unaudited Interim results 2018 creating value beyond financial return creating value beyond fi nancial return Octodec Investments Limited (Octodec or the group or the company) is listed on the JSE Limited

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

BUILDING SUSTAINABLE FUNDING PARTNERSHIPS towards an all inclusive housing funding model for South Africa

BUILDING SUSTAINABLE FUNDING PARTNERSHIPS towards an all inclusive housing funding model for South Africa BUILDING SUSTAINABLE FUNDING PARTNERSHIPS towards an all inclusive housing funding model for South Africa Presented by Kutoane Kutoane CEO Gauteng Partnership Fund Date: 17 th September 2012 BACKGROUND

More information

property: the opportunities and challenges

property: the opportunities and challenges property: the opportunities and challenges Paul Duncan Catalyst Fund Managers Catalyst Fund Managers is an authorised Financial Services Provider No.723 review you can t go wrong with property p 700 600

More information

Universe and Sample. Page 26. Universe. Population Table 1 Sub-populations excluded

Universe and Sample. Page 26. Universe. Population Table 1 Sub-populations excluded Universe and Sample Universe The universe from which the SAARF AMPS 2008 (and previous years) sample was drawn, comprised adults aged 16 years or older resident in private households, or hostels, residential

More information

Quarterly Labour Force Survey Q1:2018

Quarterly Labour Force Survey Q1:2018 Quarterly Labour Force Survey Q1:2018 Faizel Mohammed Stats SA discouraged work seekers The labour market Q1:2018 37,7 million People of working age in South Africa (15 64 year olds) Labour force 22,4

More information

Prepared by cde Khwezi Mabasa ( FES Socio-economic Transformation Programme Manager) JANUARY 2016

Prepared by cde Khwezi Mabasa ( FES Socio-economic Transformation Programme Manager) JANUARY 2016 Prepared by cde Khwezi Mabasa ( FES Socio-economic Transformation Programme Manager) JANUARY 2016 Political Context: Social Democratic Values Social policy and the access to basic public goods are the

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

Knowledge is too important to leave in the hands of the bosses INFLATION MONITOR MARCH 2018

Knowledge is too important to leave in the hands of the bosses INFLATION MONITOR MARCH 2018 Knowledge is too important to leave in the hands of the bosses INFLATION MONITOR MARCH 2018 1 The Consumer Price Index (CPI) declined to 3.8% in March 2018 The term inflation means a sustained increase

More information

ANNUAL FINANCIAL RESULTS INTRODUCTION AND GROUP STRUCTURE FOR THE YEAR ENDED 31 DECEMBER Dr. ENOS BANDA Chairman

ANNUAL FINANCIAL RESULTS INTRODUCTION AND GROUP STRUCTURE FOR THE YEAR ENDED 31 DECEMBER Dr. ENOS BANDA Chairman ANNUAL FINANCIAL RESULTS INTRODUCTION AND GROUP STRUCTURE FOR THE YEAR ENDED 31 DECEMBER Management Team Dr. ENOS BANDA Chairman STEVEN JOFFE Chief Executive Officer JARROD FRIEDMAN Financial Director

More information

REVIEW OF THE LOCAL GOVERNMENT EQUITABLE SHARE FORMULA

REVIEW OF THE LOCAL GOVERNMENT EQUITABLE SHARE FORMULA T In partnership with: REVIEW OF THE LOCAL GOVERNMENT EQUITABLE SHARE FORMULA Parliament 19 February 2013 INTRODUCING THE NEW FORMULA Structure of the presentation 2 Background to the formula and review

More information

Unaudited condensed consolidated interim results. for the six months ended 28 February 2018

Unaudited condensed consolidated interim results. for the six months ended 28 February 2018 Unaudited condensed consolidated interim results for the six months ended 28 February 2018 Highlights Post-period acquisitions R1.42 billion (yield in excess of 11%) Post-period capital raise of R790 million

More information

The groups saw a robust increase in surplus of 80.91% as a result of the increase in revenues coinciding with the ability to contain costs.

The groups saw a robust increase in surplus of 80.91% as a result of the increase in revenues coinciding with the ability to contain costs. CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY INSTRUMENT CODE: COJ02, COJ04, COJ05, COJ06, COJ07 ISIN: ZAG000022153, ZAG000030941, ZAG000054339, ZAG000054354, ZAG000085044 GROUP ANNUAL FINANCIAL STATEMENTS

More information

The status of performance management. Consolidated general report on the national and provincial audit outcomes

The status of performance management. Consolidated general report on the national and provincial audit outcomes 4 The status of performance management 57 4. Annual performance reports Figure 1 provides an overview of audit outcomes on the APRs, the APRs submitted with no material misstatements (red line) and the

More information

Fourth ASISA Insurance Gap Study (performed by True South Actuaries & Consultants)

Fourth ASISA Insurance Gap Study (performed by True South Actuaries & Consultants) Fourth ASISA Insurance Gap Study (performed by True South Actuaries & Consultants) October 2016 Agenda (A trillion has 12 zeros) Agenda (A trillion has 12 zeros) within the SA population landscape 55 million

More information

July 2014 Kagiso Asset Management Quarterly

July 2014 Kagiso Asset Management Quarterly July 2014 Kagiso Asset Management Quarterly Global brewers: working harder for growth pg 1 Volkswagen s ambitious vision pg 5 The coal conundrum pg 13 www.kagisoam.com Hospital groups face tougher times

More information

Interim Results Presentation. 30 November 2016

Interim Results Presentation. 30 November 2016 Interim Results Presentation 30 November 2016 Presentation Outline 1. Tower Strategy 2. Financial Highlights 3. Operational Highlights 4. Tower at a Glance 5. Management Team 6. Financial Results 7. Borrowings

More information

Home Loans. Housing review Fourth quarter 2016

Home Loans. Housing review Fourth quarter 2016 Home Loans Contents Economic overview 2 Household sector overview 2 Property sector overview House prices Building costs Land values 7 Affordability of housing 7 Outlook 7 Graphs 9 Statistics 11 Compiled

More information

MFMA. Audit outcomes of municipalities

MFMA. Audit outcomes of municipalities 0- Audit outcomes of municipalities 0- Reputation promise The Auditor-General of South Africa (AGSA) has a constitutional mandate and, as the Supreme Audit Institution (SAI) of South Africa, it exists

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

Considerations in City Economic Development Strategy

Considerations in City Economic Development Strategy Considerations in City Economic Development Strategy Johannesburg City Improvement District Forum ERIS Properties. 3 Gwen Lane. 3 February 2015 Thomas Scott, Chief Economist, DED, City of Johannesburg

More information

properties CEO Andile Mazwai Director: Retail Director: Head of Human Resources Director: Marketing

properties CEO Andile Mazwai Director: Retail Director: Head of Human Resources Director: Marketing properties people ANNUAL FINANCIAL RESULTS values 12 MONTHS ENDED 31 AUGUST 2017 Forest Hill City - Centurion - Gauteng EXECUTIVE COMMITTEE CEO Andile Mazwai CFO Marelise de Lange Director: Facilities

More information

Presentation to the Select Committee on Appropriations COMMUNITY LIBRARY SERVICES GRANT. 25 May 2011

Presentation to the Select Committee on Appropriations COMMUNITY LIBRARY SERVICES GRANT. 25 May 2011 Presentation to the Select Committee on Appropriations COMMUNITY LIBRARY SERVICES GRANT 25 May 2011 Community Library Services Grant 31 December 2010 Table: Community Library Services Grant expenditure

More information

Compliance Monitor Register of Projects

Compliance Monitor Register of Projects Compliance Monitor Register of Projects Quarter 2017 CIDB REGISTER OF PROJECTS COMPLIANCE MONITOR; JULY 2017 1. Introduction 1 2. Background and Analysis for Compliance Indicators 3 2.1 Tender Awards

More information

ACQUISITION OF VARIOUS PROPERTIES AND PRIVATE PLACEMENT

ACQUISITION OF VARIOUS PROPERTIES AND PRIVATE PLACEMENT ANNUITY PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2011/145994/06) Share code: ANP ISIN: ZAE000165643 ( Annuity or the Company ) ACQUISITION OF VARIOUS PROPERTIES

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

Any changes in media consumption may or may not be an indication of shifting performance in the marketplace.

Any changes in media consumption may or may not be an indication of shifting performance in the marketplace. MEDIA RELEASE 4 November 2013 SAARF RAMS NOV 2013 A new benchmark for radio listening SAARF RAMS Nov 2013 establishes a new trend line for radio listening data in South Africa, following the inclusion

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

SHAREHOLDING STRUCTURE. Public

SHAREHOLDING STRUCTURE. Public DISCLAIMER Certain statements in this document may constitute forward looking statements. Such forward looking statements reflect the company s beliefs and expectations and involve known and unknown risks,

More information

CHAPTER 4: A SITUATIONAL ANALYSIS OF THE VAAL REGION

CHAPTER 4: A SITUATIONAL ANALYSIS OF THE VAAL REGION CHAPTER 4: A SITUATIONAL ANALYSIS OF THE VAAL REGION 4.1 INTRODUCTION This chapter serves to determine the exact LED strategy that should be implemented within the Vaal Triangle. An investigation into

More information

FNB PROPERTY MARKET ANALYTICS

FNB PROPERTY MARKET ANALYTICS 1 June 21 FNB MAY HOUSE PRICE INDEX AND PROPERTY ECONOMIC REVIEW - Price growth acceleration continues, with expected peak believed to be nearing MARKET ANALYTICS JOHN LOOS: FNB HOME LOANS STRATEGIST 11-64912

More information

Housing backlog: Protests and the demand for Housing in South Africa BY ESTERI MSINDO PSAM

Housing backlog: Protests and the demand for Housing in South Africa BY ESTERI MSINDO PSAM Housing backlog: Protests and the demand for Housing in South Africa BY ESTERI MSINDO PSAM Housing delivery law and regulation Section 26 of the constitution stipulates that everyone has the right to adequate

More information

State of the South African Civil Industry

State of the South African Civil Industry State of the South African Civil Industry 2015 State of the South African Civil Industry 2 nd QUARTER 2015 SOUTH AFRICAN FORUM OF CIVIL ENGINEERING CONTRACTORS www.safcec.org.za 011 409 0900 Physical address:

More information

Annual Results. 12 months ended 28 February Agenda

Annual Results. 12 months ended 28 February Agenda Annual Results 28 ruary 2015 Bridging y expectations Agenda 2015 2014 2 1 12 month overview Phase 1 of turnaround strategy successfully implemented Closed-out problem contracts Closed non-performing Power

More information

Experian Consumer Credit Default Index. Monthly Update - April 2018

Experian Consumer Credit Default Index. Monthly Update - April 2018 Experian Consumer Credit Default Index Monthly Update - April 2018 Index Page 1 Experian Consumer Default Index () Overview What it measures? Page 2 Experian Consumer Default Index Composite & Product

More information

PRESENTATION TO NERSA BY Mr WH BOSHOFF

PRESENTATION TO NERSA BY Mr WH BOSHOFF PRESENTATION TO NERSA BY Mr WH BOSHOFF The presenter has been in property and development for over 20 years. He is the owner of numerous commercial developments and various other properties. He is paying

More information

INTERIM FINANCIAL RESULTS

INTERIM FINANCIAL RESULTS INTERIM FINANCIAL RESULTS Six months ended 31 December 2009 AGENDA Introduction & Highlights Financial Review Operational Overview Acquisitions, Developments and Disposals Growthpoint Properties Australia

More information

CONSTRUCTION MONITOR Supply & Demand Q1 2018

CONSTRUCTION MONITOR Supply & Demand Q1 2018 CONSTRUCTION MONITOR Supply & Demand Q1 218 CIDB CONSTRUCTION MONITOR SUPPLY AND DEMAND; APRIL 218 Revision 1 Acknowledgements: The support of Industry Insight in providing details of contracts awarded

More information

An Overview of the City of Newcastle and the Challenges facing the Achievement of Intermediary City Status. Zimbali, Fairmont Hotel - KwaDukuza

An Overview of the City of Newcastle and the Challenges facing the Achievement of Intermediary City Status. Zimbali, Fairmont Hotel - KwaDukuza An Overview of the City of Newcastle and the Challenges facing the Achievement of Intermediary City Status United Cities and Local Governments(UCLG) Intermediary Cities Learning Exchange Programme Zimbali,

More information

A SIMPLE SOLUTION TO JOB CREATION

A SIMPLE SOLUTION TO JOB CREATION A SIMPLE SOLUTION TO JOB CREATION Dr Salifou Siddo TEP Chief Executive 2009 Tourism Enterprise Partnership. All Rights Reserved EXPECTED OUTCOMES Introduction to the background & history of TEP - Overview

More information

South African ART policies between 2013/ /15: An analysis of ARV Expenditure

South African ART policies between 2013/ /15: An analysis of ARV Expenditure South African ART policies between 2013/14 2014/15: An analysis of ARV Expenditure Gavin Surgey Teresa Guthrie 31 March 2015 DRAFT [Do not quote without prior permission] Background Over 2.5m people on

More information

Economic Impact Assessment Results of five of Eskom s coal power stations. Hendrina Grootvlei Kriel Komati Camden

Economic Impact Assessment Results of five of Eskom s coal power stations. Hendrina Grootvlei Kriel Komati Camden Economic Impact Assessment Results of five of Eskom s coal power stations Hendrina Grootvlei Kriel Komati Camden Eskom Holdings SOC Ltd. July 2017 Disclaimer This report has been prepared by KPMG Services

More information

Extended PEC Lekgotla

Extended PEC Lekgotla Extended PEC Lekgotla POOLED FINANCING / BOND POOLING Creating Innovative Funding Opportunities for SA Cities CONTEXT What is pooled financing? Pooled Financing Mechanisms Resolutions: COJ/FMDV Conference

More information

National Accounts Workshop for SADC countries

National Accounts Workshop for SADC countries ESA/STAT/AC.184/South Africa National Accounts Workshop for SADC countries 16-19 June 2009, Windhoek, Namibia Strengthening statistical capacity-building in support of progress towards the Internationally

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

Annual Economic Review Looking at 2005 Page 1

Annual Economic Review Looking at 2005 Page 1 Annual Economic Review Looking at Page 1 Annual Economic Review Looking at Page 1 PREFACE The core business of this directorate is to do analysis on national level in order to produce agricultural economic

More information

Labour. Labour market dynamics in South Africa, statistics STATS SA STATISTICS SOUTH AFRICA

Labour. Labour market dynamics in South Africa, statistics STATS SA STATISTICS SOUTH AFRICA Labour statistics Labour market dynamics in South Africa, 2017 STATS SA STATISTICS SOUTH AFRICA Labour Market Dynamics in South Africa 2017 Report No. 02-11-02 (2017) Risenga Maluleke Statistician-General

More information

Highlights. Contact. The key data in review. Date Country Release/event Period Actual Prior

Highlights. Contact. The key data in review. Date Country Release/event Period Actual Prior 1 April 216 Contact Mamello Matikinca Economist 87 33 1678 Mamello.matikinca@fnb.co.za Jason Muscat Industry Analyst 87 33 189 Jason.Muscat@fnb.co.za Jarred Sullivan Economist 87 328 622 Jarred Sullivan@fnb.co.za

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

Creating South Africa s leading financial services institution

Creating South Africa s leading financial services institution Creating South Africa s leading financial services institution - Slide #1 - Johan van Zyl, CEO Sanlam Johan van Zyl, CEO Sanlam Unlocking value for shareholders - Slide #2 - Transaction based on Transaction

More information

Experian Consumer Credit Default Index. Monthly Update December 2017

Experian Consumer Credit Default Index. Monthly Update December 2017 Experian Consumer Credit Default Index Monthly Update December 2017 Index Page 1 Experian Consumer Default Index Overview What is measures? Page 2 Experian Consumer Default Index Composite & Product Level

More information

Experian Consumer Credit Default Index. Monthly Update - March 2018

Experian Consumer Credit Default Index. Monthly Update - March 2018 Experian Consumer Credit Default Index Monthly Update - March 2018 Index Page 1 Experian Consumer Default Index () Overview What it measures? Page 2 Experian Consumer Default Index Composite & Product

More information

AUDITED SUMMARISED CONSOLIDATED RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2018

AUDITED SUMMARISED CONSOLIDATED RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2018 2018 AUDITED SUMMARISED CONSOLIDATED RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2018 HIGHLIGHTS Top performing SA REIT with 17.9% annualised total return to shareholders for the

More information

University of Pretoria Department of Economics Working Paper Series

University of Pretoria Department of Economics Working Paper Series University of Pretoria Department of Economics Working Paper Series Assessing Fiscal Capacity at the Local Government Level in South Africa Margaret Chitiga-Mabugu Human Sciences Research Council, Pretoria

More information

SUMMARISED AUDIOLOGY PRACTICE SALARY REVIEW 2012

SUMMARISED AUDIOLOGY PRACTICE SALARY REVIEW 2012 Unit 16, Northcliff Office Park, 203 Beyers Naude Drive Northcliff, Johannesburg, 2115, South Africa Tel: (+27)(11) 340 9000, Fax: (+27)(11) 782 0270 Email: healthman@healthman.co.za PO Box 2127, Cresta,

More information

Eskom 2018/19 Revenue Application

Eskom 2018/19 Revenue Application Eskom 2018/19 Revenue Application Nersa Public Hearings Bloemfontein 15 November 2017 Where we are coming from This revenue application is being made for the year 2018/19, after the Energy Regulator maintained

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

Office Market Analysis

Office Market Analysis Q2 2015 Accelerating success. Office Market Analysis KwaZulu-Natal Report Contents Highlights 1 Summary 2 Statistics 2 Climate 3 Supply 6 Demand 8 Vacancies 9 KwaZulu-Natal Rental Rates 10 Prognosis 11

More information

CONSTRUCTION MONITOR Transformation Q4 2014

CONSTRUCTION MONITOR Transformation Q4 2014 CONSTRUCTION MONITOR Transformation Q4 2014 CIDB CONSTRUCTION MONITOR - TRANSFORMATION; JANUARY 2015 1. Introduction 1 2. Transformation of the Construction Industry 2 2.1 Transformation Summit (November

More information