Eastern Cape Business 2017 edition
The 2017 edition of Eastern Cape Business is the 10th issue of this highly successful publication that, since its launch in 2006, has established itself as the premier business and investment guide to the Eastern Cape Province. The Eastern Cape enjoys an abundance of natural and human resources, as well as established industrial infrastructure that drives the economy of the province. This includes three ports and two industrial development zones which are home to a wide range of manufacturers and exporters. The 2017 edition includes an in-depth look at the province’s two Industrial Development Zones, a focus on skills development and investment climate information from the Nelson Mandela Business Chamber and the Border-Kei Chamber of Business.
The 2017 edition of Eastern Cape Business is the 10th issue of this highly successful publication that, since its launch in 2006, has established itself as the premier business and investment guide to the Eastern Cape Province. The Eastern Cape enjoys an abundance of natural and human resources, as well as established industrial infrastructure that drives the economy of the province. This includes three ports and two industrial development zones which are home to a wide range of manufacturers and exporters.
The 2017 edition includes an in-depth look at the province’s two Industrial Development Zones, a focus on skills development and investment climate information from the Nelson Mandela Business Chamber and the Border-Kei Chamber of Business.
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OVERVIEW<br />
now operates in 32 countries (20<br />
in Africa), has nearly 69 000 employees<br />
and assets in the region<br />
of $16-billion. Together with the<br />
other banks, consulting companies<br />
and other firms in the financial<br />
and business services sector,<br />
it is responsible of 19.2% of the<br />
<strong>Eastern</strong> <strong>Cape</strong>’s Gross Domestic<br />
Product (GDP, StatsSA). The sector<br />
provides employment for<br />
141 000 people.<br />
In Port Elizabeth there is a<br />
geographic concentration of financial<br />
services: the city’s own<br />
financial district stretches along<br />
a section of <strong>Cape</strong> Road from Mill<br />
Park to Newton Park and includes<br />
the Greenacres shop and office<br />
complex. Here can be found the<br />
offices of PSG Konsult, Liberty Life,<br />
Alexander Forbes, Hollard and<br />
Momentum. Nedbank <strong>Business</strong><br />
Banking has its headquarters<br />
just one block away from the<br />
Greenacres complex. Only AON<br />
appear to buck the trend, with<br />
offices in Central.<br />
Also on <strong>Cape</strong> Road and in the<br />
Greenacres complex is FNB’s regional<br />
office, FNB Newton Place.<br />
This building houses all of the<br />
FirstRand group’s offices, such as<br />
Rand Merchant Bank, FNB Private<br />
Clients and FNB Online.<br />
The agreement that Absa<br />
<strong>Business</strong> Bank (ABB) signed with<br />
agricultural company BKB allows<br />
farmers to borrow money against<br />
their produce. The bank flagged<br />
the event as the precursor to a<br />
possible future agricultural bank.<br />
With ABB’s experience in the agricultural<br />
field, and BKB’s access<br />
to 19 000 primary producers, the<br />
agreement can unlock a considerable<br />
amount of investment in the<br />
agricultural and agri-processing sector. BKB has a national presence,<br />
but its headquarters are in Port Elizabeth. It is active in many spheres<br />
and has a strong wool and mohair profile.<br />
Absa <strong>Business</strong> Banking has developed a database where potential<br />
service or good suppliers can be identified and verified. The<br />
Procurement Portal will include details about black empowerment<br />
status and tax clearance. Absa also supplies short-term financing to<br />
SMME vendors.<br />
Nedbank <strong>Business</strong> Banking has a new focus on agriculture, with<br />
business managers in Port Elizabeth, Humansdorp and East London<br />
all supported by agricultural specialists. Nedbank sponsors the Komga<br />
Show and the bank has paid out loans to the Humansdorp Co-op which<br />
specialises in citrus and dairy products.<br />
Nedbank’s new building in East London won the “Development<br />
of the Year” award from the Buffalo City chapter of the SA Property<br />
Owners’ Association. The offices of Nedbank <strong>Business</strong> Banking in<br />
Bonza Bay Road won praise for the courtyard concept incorporated<br />
into the design.<br />
ONLINE RESOURCES<br />
Alternative Exchange (AltX): www.altx.co.za<br />
Auditor-General South Africa: www.agsa.co.za<br />
Banking Association South Africa: www.banking.org.za<br />
<strong>Eastern</strong> <strong>Cape</strong> Development Corporation: www.ecdc.co.za<br />
Financial Services Board: www.fsb.co.za<br />
Insurance Institute of South Africa: www.iisa.co.za<br />
Insurance South Africa: www.insurance.za.org<br />
JSE Limited: www.jse.co.za<br />
Post Bank: www.postbank.co.za<br />
South African Institute for Chartered Accountants:<br />
www.saica.co.za<br />
South African Reserve Bank: www.resbank.co.za<br />
53 EASTERN CAPE BUSINESS <strong>2017</strong>
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