Low Hanging Fruit at Capespan?
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FOUNDED 1980 SA: R14.00 (Incl. VAT) MAY 2015 So long Sekunjalo, Saldanha Bay IDZ Matrix apartments hello AEEI construction to start sell out within in August minutes Last month Sekunjalo This construction work will The 51 apartments in the changed its name and cel- include sewer reticulations, wa- Matrix - a part of Centry City’s ebrated its strongest set of ter and electrical service instal- R1bn conference centre pre- interim results. 10 lations as well as roadworks. 12 cinct - sold wiithin 45 minutes. 21 Cape Town foreshore building breaks ground Low hanging fruit at Capespan? GRI-BUSINESS investor Zeder performance in overall operating results operating results from farming opera- looks determined to own 100% came from a decline in Europe and mar- tions overall showed a most encouraging KPMG Place is the first commercial Aof Bellville-based fruit exporting gins that remained under pressure in Ja- 53% improvement on the previous year building for years to be built along Capespan. Zeder has made an awfully pan due to the continued depreciation of despite what Dique described as “the the “frontline” of the Foreshore area. generous offer to the 25% shareholding the Yen. Capespan South Africa showed a severe challenges in market realisations in Capespan that is in the hands of mi- loss for the year. of table grapes.” nority shareholders – arguably underlin- But the fruit division is by no means on Dique revealed that expansion and re- new R400m mixed-use tower at the ing an unshakeable belief in the future the backfoot. Significantly Golden Wing newal of farming operations continued gateway into the Cape Town CBD promise of a business that has always not Mau expanded its footprint with the cre- during the year with over R96m being Awill house the offices of KPMG delivered consistently on profits over the ation of a joint venture company branded spent on new and replacement of exist- and become a beacon for green develop- years. The question then is what Zed- as May Fresh, as well as the acquisition ing vineyards and orchards, upgrading of ment in the city. er – which is renowned for making as- of a 25.1% shareholding in Good View, packhouses as well as the replacement of What will become the new home of CBD- tute agri-business investments – is really based in Hong Kong. vehicles and machinery. based accountancy firm KPMG has just seeing in Capespan? In addition, the restructuring of fruit CBN’s guess is that Zeder is probably commenced construction in the Foreshore The company’s fruit division – the big- logistics in South Africa saw Capes- most enamoured with Capespan’s prom- area of the Cape Town Central City, on the gest segment by revenue – saw total vol- pan acquiring a controlling stake in As- ising logistics operations. Dique report- corners of Martin Hammerschlag Way and umes hampered by lower production pen Logistics – which has subsequently ed that the strategy of handling general Christiaan Barnard Street. yields from the southern hemisphere been rebranded as Contour Logistics. cargo all year round at the FPT division Craig Armstrong, spokesperson for the as well as the negative impact of Citrus Dique said all fruit logistics of Capespan had resulted in good growth during the fi- developers, FWJK, announced that con- Black Spot on citrus volumes from South South Africa will in future be handled by nancial year. But he said this growth was struction work had begun on KPMG Place, Africa. Capespan MD Johann Dique Contour Logistics. tempered by the decline in the volume of a R400m project being developed for the said total fruit volumes in the year to “This was, however, still work in prog- fruit pallets handled. Pietermaritzburg-based Ducatus Group end December decreased by 11% when ress at year-end and will be fully stabilised Although the softer fruit volumes and the first commercial building for a num- compared to the prior year. But he not- in the new year.” meant a decline in revenue, Dique dis- ber of years to be built along the “frontline” ed that similar pricing in original cur- What might be really appealing to Zed- closed that gross profit improved by 7.2% of the Foreshore area running alongside rencies were experienced, which meant er is that Capespan’s fledgling farming as a result of efficiency improvements Nelson Mandela Boulevard. revenue increased marginally due to the operation is starting to show great poten- made possible by the implementation of The Chairperson of the Cape Town Cen- weakening of the Rand. tial. Dique reported that both yield and new systems and operating procedures tral City Improvement District (CCID,) Although the overall performance of quality in grape production increased in at FPT terminals. He singled out the Rob Kane, notes that this is part of a the division was 26% down on the previ- financial 2014 and resulted in substantial- Cape Town terminal as producing a “very massive reurbanisation of the Foreshore ous year, there were some bright spots. ly improved results. But he cautioned that good turnaround,” delivering a profit area. “As the CCID, we define this area as Dique said operating results from Golden most of the improvement was neutralised “that was long overdue.” stretching from Riebeek Street and Old Wing Mau in China exceeded expecta- by very low market realisations in the Eu- Overall the Logistics division performed Marine Drive down to Table Bay and Nel- tions due to the continued expansion ropean markets over the December 2014 commendably, delivering an increase in son Mandela boulevards, and bordered on and growth in the local and import mar- and early 2015 marketing activities. recurring operating results of 24% over either side by Buitengracht and Christiaan kets. He said excellent results were also He said production yields on pome fruit the previous year. Looking ahead, Dique Barnard Street. reported by Capespan UK and Capes- and citrus were down on the previous stressed that the strategy of transforming “Of the more than R7bn of pan Egypt as well Metspan and Capes- year, but that efficiencies on all farming pan North America. Dique said the poor operations have improved. The recurring Continued on P2 Continued on P6 We stock stainless steel wire rope and fittings in grade 316. Stainless Steel Wire Rope 2 CBN May 2015 Phumelela takes a punt Low hanging fruit at IN THIS ISSUE ALTERNATIVE gam- range of betting oppor- non-traditional sources. ing group Phumelela tunities, including horse He said net tote betting Capespan? 15 Emergency Power – which still holds a racing, soccer, tennis, income on soccer alone Solutions strong position in the cricket, golf, boxing, rug- increased by 24% to Continued from P1 tote betting industry – by, motorsport, Ameri- R116m, while net fixed 16 Plant Equipment & has bought a strategic can football, basketball odds betting income general cargo contin- out by Zeder. Infrastructure Development stake in Cape Town- and cycling. on sports (other than ued during the year Officially, Dique re- based online fixed- The deal forms part of horseracing) increased with the upgrading iterates that manage- 17 Heavy Lifting odds operator Interbet. Phumelela’s strategy to by 206% to R17m and of cold-stores at FPT ment remains com- 19 Warehousing, Storage & Phumelela disclosed innovate and diversify its fixed odds net betting as well as the con- mitted to “build upon no value for this stra- gaming income streams income on numbers verting of warehous- a valuable foundation Supply Chain Management tegic investment, which as it battles with waning increased by 37% to ing into open areas and ensure that it re- 21 Industrial & Commercial is valued at R1.3bn profits in its traditional R31m. Net betting in- to improve access. mains a respected on the JSE. horse racing business. come from fixed odds Perhaps it’s already organisation in the Property In a nutshell, Inter- The company has overall grew strongly by possible to discern the global fruit industry.” 22 Cutting, Welding & Bonding bet is an online betting already notched up no- 39% to R75m. adventurous Zeder’s He maintained exchange for licensed table successes in retail Du Plessis said these influence at Capes- that changes that 25 Petrochemicals, Oil & Gas bookmakers, which al- fixed odds and tote bet- growth percentages il- pan with the company have been imple- 28 Freight Forwarding & lows punters to take ting shops – recently lustrated the degree unveiling a flurry of mented are all aimed fixed-odds on horses to reporting a hefty 114% to which Phumelela’s acquisitions. These at ensuring Capes- International Trade win or place, but can- rise in fixed odds oper- complementary soc- include buying cold- pan can continue to 29 Sustainable Business not lay bets. The deal ating profit to R15m in cer, numbers and stores, packhouse and deliver on a sustain- with Interbet should the six months to end other sport betting of- equipment from Novo able value proposi- 30 Civil Engineering enable Phumelela to January this year. ferings were finding Packhouse; business tion to both leading 32 Pumps, Valves & Seals access TAB (Totalisa- CEO Rian du Plessis favour with customers. operations, moveable producers and cus- tor Agency Board) said the company had Phumelela’s Interbet equipment, farm land tomers around the 36 On the Contrary pools from the Inter- stepped up efforts to di- investment follows simi- and biological assets world. He specifi- 36 Papa Doc bet site, which should versify into complemen- lar diversification moves (pome fruit farm) cally cited a global boost tote turnovers. tary betting offerings by gaming groups. Sun from Theewaterskloof acquisitive growth Interbet offers a wide and grow income from International only re- (Pty) Ltd.; and a 25% strategy to deliver cently took control stake in Fruchtimport wider and deeper at Cape Town-based vanWylick GmbH market penetration, Voltbet, which is now in Germany.