Telkom has announced that its CEO and executive director Sipho Maseko will step down on 30 June 2022. The telecoms company said the process to appoint a successor is well underway and a designated group CEO will be announced in the not too distant future.
It is possible that cooking oil prevented more looting in South Africa in the last week than the president, the ANC, the intelligence community, the army and the police combined. This, without question, says something about the versatility of the product. It says even more about the state of the state. When you are shown up by canola, you might want to revisit your strategy.ByHoward Feldman
Performance Media across Search, Social and Programmatic platforms is the single fastest growing area of digital media in South Africa. Combine that with the detailed analysis of campaign management, tagging and ad operations, and it becomes apparent that these highly specialist functions require a highly specialised unit.
The Transnet Port Terminals website has been hacked, implying that all companies under Transnet have been affected. All Transnet websites were down at the time when reporting was done for this SA Trucker article. The publication cited sources who requested to remain anonymous because they are not allowed to speak to the media.
The Covid-19 pandemic has hit South Africa's small business sector hard and there are grim statistics to bear this out. Those statistics will not be repeated here. After all, if you are a small business owner setting out on the road to recovery, the last thing you probably want is more details of the toll the pandemic has taken on small enterprises. Far more useful would be some good, solid tips on how to build back better after any business setbacks.ByAmeen Hassen
Cushman & Wakefield Excellerate is to strengthen its presence in sub-Saharan Africa with a new office in Dar Es Salaam, Tanzania.
Marna van der Walt, CEO of Excellerate Property Services, an affiliate of Cushman & Wakefield sub-Saharan Africa
“Tanzania is an attractive and well-established African market with great growth potential, strong institutions and many of our global clients are already in the market or wish to enter it within the next few years,” says Marna van der Walt, CEO of Excellerate Property Services, an affiliate of Cushman & Wakefield sub-Saharan Africa.
She adds: “With our established Kenyan office, our presence on the ground in Tanzania bolsters Cushman & Wakefield Excellerate’s offering in East Africa. We see this as a natural expansion. On a pan-African level, Tanzania is a critical market and our new office enables us to provide a more comprehensive service to our local and global corporate clients operating in the region.”
The Cushman & Wakefield Excellerate Tanzania team will offer services including strategic consulting, property management, project and workplace management, development management, specialised retail services, office and industrial leasing, broking, valuations, advisory and due diligence, transaction management, estate management, research, procurement and supply chain management, facilities management and risk management.
Property stalwart Simon Taylor will head the new Cushman & Wakefield Excellerate Tanzanian office. Taylor's most recent role was head of Real Estate East Africa for US oil and gas Company Halliburton, based in Tanzania overseeing a portfolio of 72 properties in South Sudan, Uganda, Ethiopia, Tanzania, Kenya, Mozambique and South Africa.
Simon Taylor will head the new Cushman & Wakefield Excellerate Tanzanian office
Local market dynamics
Considering local real estate market dynamics, Taylor points out that while Dar Es Salaam is not the official capital of Tanzania, it is undoubtedly the economic capital. Its rents and capital values have traditionally been high by regional standards, and greater than either Nairobi or Kampala.
“Like many rapidly developing African cities, Dar Es Salaam is undergoing a great change in all its property sectors in terms of location, design, availability and pricing,” reports Taylor.
While its CBD is congested and ageing, it still retains most businesses and commerce. Recent developments increased space supply in the CBD, but this has not softened rental levels because of the demand for quality office space here. In the CBD, the highest achievable rents are in the order of $21/m² a month.
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