Phakama MK
This is what Durban🇿🇦 will look like once the ambitious R35 billion Waterfront megaproject is fully implemented. It will transform the Durban coastline into a global luxury tourism, residential & commercial hub.
Partnership & Scope:
It is driven by DPDC, a public-private partnership between the eThekwini Municipality & Malaysian property developer UEM Sunrise. Key Features:
• Hospitality & Landmarks. A towering 6-star luxury hotel, a signature oceanfront Ferris wheel, & high-rise residential skyscrapers.
• Marina & Cruise Infrastructure.
• Commercial, Cultural, & Public Spaces. High-end retail malls, modern office towers & academic facilities.
Timeline & Progress:
• Completed Milestones. Early infrastructure upgrades, watermain replacements, the beachfront promenade extension, & passenger cruise terminal are done. Phase 2 construction is scheduled to kick off soon.
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Jan getting hella publicity
[WATCH] A Ferrari linked to businessman Hangwani Maumela arrives at an auction site. Its opening bid starts from R8-million and could go up to R14-million according to Actioner Jan le Roux. The vehicle is among the assets frozen during the SIU's investigation into the alleged looting of around two billion rand from the Tembisa hospital.
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Shop rite is at work!
SHOPRITE STRIKES DEAL WITH ASTRON ENERGY
The Shoprite Group has partnered with Astron Energy to expand its Xtra Savings rewards programme, giving motorists a new way to save money on everyday expenses.
From today, members can earn up to 25 cents per litre in rewards on qualifying fuel purchases at participating Astron Energy service stations, with higher rewards available for heavier fuel spenders and Xtra Savings Plus members.
The rewards can be redeemed across Shoprite Group stores and on Sixty60.
The move comes as South Africans face record fuel prices, offering customers a practical way to turn fuel spending into grocery savings while stretching household budgets further.
Full story - ln.run/TfqhQ
Pictured - Shoprite Group CEO, Pieter Engelbrecht
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More Loans
The South African digital-commerce company @Yoco_ZA Technologies has secured a $100 million (R1.6 billion) credit facility from Victory Park Capital Advisors, backed by private equity giant TPG, to help support its network of merchants.
Yoco will use the money for finance and cash advances to its customers, Chief Executive Officer Carsten Höltkemeyer said.
Week 4 lets goo
VISUALS | The state is opposing North West businessman, Suliman Carrim's bail application at the Musina Magistrate's Court in Limpopo. The state argues that Carrim's failure to appear before the Madlanga Commission of Inquiry demonstrates his unwillingness to abide by the law. For more visit sabcnews.com
They are rigging the poultry competitive industry.
NEW TRIBUNAL TEAM APPOINTED
Trade, Industry and Competition Minister Parks Tau has welcomed the appointment of six new members to South Africa’s Competition Tribunal by President Cyril Ramaphosa.
The new team includes three full-time and three part-time members with expertise in law, economics and regulation.
Tau said the appointments will strengthen the Tribunal’s ability to rule on cases that affect businesses, consumers and the wider economy.
He added that a stronger Tribunal will help promote fair competition, support economic growth and provide greater certainty for businesses.
The appointments are also expected to enhance consumer protection and advance South Africa’s economic transformation goals.
Full story - ln.run/VTPBu
Pictured - Ms Lulama Mtanga, part-time member
