Nedbank’s Corporate and Investment Banking (CIB) division is posing a critical question to South Africa’s business community through an innovative, moving billboard located on the corner of Sandton Drive and William Nicol in Sandton, Johannesburg. “Do you want a bank that talks sustainable growth? Or a bank that walks sustainable growth?” The advertisement forms part of a new brand campaign launched in November 2021, focused on calling on stakeholders to partner with the bank in pursuit of sustainable outcomes. “A hybrid solar energy system has been utilised to light up the billboard at night and drive its “wind turbines” around
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Monthly Archives Feb 2022
CONSUMER GOODS COUNCIL OF SOUTH AFRICA AGAINST INCREASE IN SUGAR LEVY
The Consumer Goods Council of South Africa (CGCSA) has criticised the decision by the government to increase the sugar levy by 2.31 cents per gram saying it will result in unintended consequences of job losses and further contribute to many sustainable farmers losing their livelihoods. CGCSA was responding to the announcement by the Minister of Finance that the government has after three years of no changes, decided to increase the health promotion levy on sugar sweetened beverages. The CGCSA said there was no consultation prior to the decision to increase the levy, neither was there sufficient consultation when the government
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CLOVER RELEASES NAME OF MURDERED GUARD; CALLS OUT UNION HYPOCRISY
Clover confirmed today that the security executive murdered on 17 February by striking workers in a violent mob was Terence Tegg, who was engaged and a father of two boys. He was contracted to PPS Security, who were asked to protect Clover’s property at Clayville from violent industrial action. “We are devastated about what happened. Terence lost his life for no reason at all, as did Tsephe Molatsi, who was murdered on 22 January by striking workers”, said Steven Velthuysen, spokesperson for Clover. “These two, hardworking men were just doing their jobs. “We are working closely with both Fidelity and PPS to offer every help for
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Another guard killed by striking workers – Clover
Clover confirmed today that this morning, striking workers killed another security guard, and critically injured two. The incident took place at Clayville. This is the second guard to be murdered, the first of whom was Mr Tsephe Molatsi who was murdered by striking workers on 22 January. Clover has clear video and stills footage of the guards being beaten and one being killed. This footage has been handed to the SAPS and will be released publicly once SAPS clears its release. The company said that the name of the hospital where two guards had been admitted would not be released
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GIN CULTURE GROWING FAST IN SA
Pick n Pay now stocking over 100 varieties and faces the challenge of shelf space Gin has been rapidly growing in popularity – and the pandemic hasn’t slowed customers’ interest in the gin craze. This is according to Pick n Pay who says that gin has grown more than three times faster than all other liquor types available at Pick n Pay liquor stores over the last two years. Pick n Pay’s gin category now rivals the popularity of whiskey, and has exceeded the size of its vodka and brandy categories. Last week Stats SA reported that gin has now
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Increasingly competitive IPP sector set to catalyse M&A activity
By Roy Richardson, Principal: Nedbank Corporate and Investment Banking It’s no secret that clean energy has become a global priority in recent years. And while the impetus for clean power is undoubtedly coming primarily from the global north, the achievement of green economies is now also a priority for the developing world. However, across much of Africa, power generation of any sort remains a massive challenge due, primarily to a combination of infrastructure backlogs, rapidly increasing populations, ongoing urbanisation, and extensive industrialisation. As has been so painfully obvious in South Africa over the past 14 years since rolling blackouts began,
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