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K-Way goes green Insourcing Oil and gas to fuel W Coast growth

Saves 136t of 4 8 Green shoots in 13 carbon emissions. Spitting into the wind? Saldanha? Cape property still looking vibrant R 1 million raised for UNICEF HE Western Cape prop- erty sector – despite the Tprevailing dour eco- nomic mood – is still looking vibrant with key properties still generating attractive returns, inspirational corporate action and adventurous developments. Arguably Cape Town’s most inspired large property acqui- sition remains Hyprop’s tilt at the Canal Walk shopping cen- tre back in 2003. L to R: Carine Munting – UNICEF Hyprop – along with the Partnership Manager, Leon Meyer – Ellerine Brothers - paid Ned- General Manager The Westin, Marilize bank R1,16 billion for Cen- van Niekerk – Executive secretary to tury City-based Canal Walk, the General Manager, Sandra Bisin – an investment that must now UNICEF Chief of Communication and be worth more than five times Partnerships and Jeremy Harris – radio that initial investment. personality and event MC. Hyprop seems a little bash- ful, these days, of disclosing HIS year’s Westin-UNICEF too much information around Charity Ball hosted by The Westin Canal Walk. But in the 2016 TCape Town on Saturday, 14 annual report the property October, was a memorable marriage company indicated that Canal of beauty, talent, humanitarianism Walk generated R628 million and generosity coming to life in one in revenue and R443 million of Nyanga Junction would with distributable income up a on Western Cape real estate, room. Influentials, media, private in distributable earnings. This attract a greater percentage of hefty 31% to R144m. has acquired MWProp Rental philanthropists and socialites came confirms Canal Walk has long national tenants - resulting in Of the R2,4 billion portfolio Enterprise which comprises a together to celebrate UNICEF’s since paid for itself in earnings. an improvement in the tenant around 95% was retail property 2,2322 hectare property situ- work for children. UNICEF National Although not on the same profile. with vacancies at just 4,7%. Ar- ated at Fairway Close in Parow Ambassador, Jo-Ann Strauss, including grand scale or located in such The sprucing up of Nyanga rears was only 2,4% of prop- for R145 million. business woman and media celebrity a upmarket locale, CBN noted Junction has certainly paid off erty income – slightly up on the Spear CEO Mike Flax Carol Bouwer were also in attendance. that local property specialists for Fairvest. The property is 1.9% seen in 2016 but still much said the deal was in line with In 2016, The Westin Charity Ball Fairvest is making a nifty turn now valued at R132 million, better than the 5% reported in Spear’s strategy to invest into raised an R1 million ($75 341,02 in its investment in Gugulethu- and now ranks as the third 2013 and 3,5% in 2014. high quality assets within the USD) which was donated to various based Nyanga Junction. largest property in Fairvest’s Fairvest management – Western Cape as well as in- educational programmes promoting Readers may remember portfolio (just behind the R139 headed by CEO Darren Wild- crease its commercial assets in early childhood development in South CBN reporting Fairvest’s ac- million Tokai Junction) or 6% er – also runs a tight ship. The Cape Town. Africa. This year, this figure has been quisition of Nyanga Junction of the total portfolio. gross cost to income ratio im- The Fairway Close property matched, and funds will go towards from Momentum Property In- Fairvest’s notable success proved to 37,6% (last year: is expected to generate R25,5 supporting this UNICEF cause and vestments in 2013 for R58 mil- at Nyanga Junction probably 38,6%) and the net cost ratio million in revenue and distrib- core priority. As part of this amount, lion. means the company’s endeav- was pushed down to a com- utable profits of R3,5 million on the same night, the Ernest Stempel At the time Fairvest argued ours at the recently acquired mendable 15,5% (last year: for the year to end February Foundation handed over a cheque of that the acquisition fitted the Macassar Shoprite centre are 17,3%). 2019. R 200 000 to UNICEF. growth strategy of focussing worth monitoring closely. The Wilder said Fairvest hoped The Fairway Close deal A total of 27 prizes sponsored by on acquiring retail assets with company paid R41.5 million to increase distributions to follows hard on the heels of various industry partners, including a weighting in favour of “non- for this centre in September shareholders by between 9% Spear acquiring the Tyger an autographed T-shirt by professional metropolitan areas and lower last year. and 10% - but also committed Manor Retail Centre in Bell- tennis player Roger Federer, were LSM (living standards mea- Fairvest’s recently released to pursuing yield accretive ac- ville for almost R60 million. raffled at the event. Further, event sure) sectors”. year to end June results con- quisitions. It seems Spear is determined sponsor - Toy Kingdom South Africa The retail centre is situated firm the overall strategy of tilt- He also aimed to contain ar- to ride hard on the acquisition donated toys to the value of R270 000, at the Nyanga train station and ing at non-metropolitan prop- rears below 2% of revenue. after raising fresh capital of which included 1 000 toys for boys is regarded as a prime example erty assets is starting to pay off In other property develop- R528 million in June and then and 1 000 toys for girls, the donated of commuter retail. handsomely. ments in Cape Town, the re- another R182 million in July. toys were valued at R250 000 and an At the time of the deal Fairvest’s property income cently listed Spear REIT, Fairvest believed an upgrade rose 17,5% to R234 million which is focussed exclusively Continued on P7 Continued on P9

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best service | competitive price | high stock availability Stainless steel tamper proof fixings CBN November 2017 15 POWER SOLUTIONS Switchgear solution at Maintain your generator DRC mine for optimum ROI SMITH Power Equip- its life. The first ment (SPE), distribu- service should take tors of the well-known place after 50 hours range of Kipor gener- and at least once ators, says that one of annually or every the problems in the in- 250 hours. Please dustry is that because read the operators of the intermittent na- manual for service ture of loadshedding intervals or ask your owners are not servic- local Kipor dealer ing their generators for advice. properly. • Only a qualified “This can have a se- technician should rious effect on the lon- perform services to gevity of the product,” ensure the integ- says Tom Bloom, Gen- does not overheat, distribution board rity and life-span of eral Manager Con- hence the roof to cut installation your investment. The fully withdrawable circuit breakers and voltage transformers (VTs) make struction Equipment should not be too costs, with relation • Before you pur- the design ideal for a container, while also improving the ease of maintenance of division of SPE. “Even low and the area to cable costs. the circuit breakers and VTs. if you are only using chase a generator, should be well Secondly, remem- find out whether it your generator a few ventilated, making LEVERAGING the gear offers a number of ance is required above times a year, you should ber always that servic- comes with an effec- sure all gases are ing and maintenance tive warranty that advantages of a contai- features that are par- the panel, which saves execute according to extracted. nerised solution, Zest ticularly advantageous. space.” the prescribed mainte- is not time consuming will be honoured WEG Group company For instance, the panel The panel also boasts nance plan in order to • To be able to get and expensive - on the should you have a Shaw Controls has pro- has an arc resistant de- a short-time withstand get the best return on at the generator contrary! They save problem vided an optimal medi- sign with internal arc rating of up to 31,5 your investment. We for maintenance you time and money • Also make sure um voltage switchgear classification (IAC) of kA for three seconds, also find that unfortu- purposes, it needs significantly in the long that spares for your solution for the supply BF ALR 31,5 kA for a considerably high nately a generator is of- at least 1 meter on run. Remember the fol- generator are read- of power at a copper one second. This is a fault level for a panel of ten out of sight and out each side for easy lowing: ily available, and mining project in the major safety related this size. The range of of mind and when its access. • A generator like that the company Democratic Republic feature which not only WEG MTW05 panels needed there is often a • The generator a motor vehicle has qualified techni- of Congo. ensures safer working is available in voltages problem due to lack of should be posi- needs to be serviced cians available to fit conditions for person- of up to 17,5 kV and maintenance.” he says. tioned close to the regularly to prolong the respective parts. “Our engineers nel but reduces the currents of up to 2 500 amount of personal Amps. Firstly, part of the provided an protective equipment The full contain- maintenance plan is to innovative they require when erised solution was ensure that your gener- working on the system. manufactured at ator is in the right loca- design “Safety is always Shaw Controls’ 12 000 tion and the following paramount in the en- square metre facility should be taken into solution...” gineering of solutions at Robertsham in Jo- account: by Shaw Controls, and hannesburg, which is • Generators produce The WEG MTW05 this one is no differ- manned by a team of poisonous gases MV switchgear, the ent,” he says. “In the skilled technical per- which need to be first to be supplied by case of an arc explo- sonnel. A full factory expelled outdoors, Shaw Controls into a sion, the gases are acceptance test was hence they should mining project in Afri- vented through an in- conducted at the com- be installed out- ca, was installed at the ternal tunnel running pany’s premises prior doors, under a roof, Kamoa-Kakula project the length of the board. to its dispatch to the or in a room with in the DRC’s Katanga This way, the gases can mine; with its ‘plug and good ventilation. province, located 25 be ducted out of the play’ design, the instal- • A generator needs km west of Kolwezi sub-station, further en- lation was able to be to have a good and 270 km west of the hancing safety. It also easily conducted by the airflow to ensure it provincial capital of means that little clear- mine itself. Lubumbashi. “Our engineers pro- vided an innovative design solution to in- corporate the switch- gear into a standard 12 metre container, which is more cost ef- fective than fabricat- ing an E-house from scratch,” says Kirk Moss, medium voltage manager at Shaw Con- trols. “The dimen- sions of a container make it far easier to transport and to in- stall on site, giving the customer a convenient ‘plug and play’ solu- tion.” The design was able to fit a 31,5 KA with- drawable metal-clad board into a contain- erised solution, with innovations that allow back access without compromising on the available space. “The fully with- drawable circuit breakers and voltage transformers (VTs) make the design ideal for a container, while also improving the ease of maintenance of the circuit breakers and VTs,” says Moss. The WEG switch-