Gauteng Business 2019-20 edition

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OVERVIEW Banking and financial services New stock exchanges are attracting investors. The decision by pharmaceutical giant Aspen Pharmacare to conduct a second listing on one of South Africa’s newest exchanges, A2X, suggests that the timing of the people behind the latest trend in the country’s financial services sector was spot on. A2X has attracted nearly 20 companies in a wide range of sectors in less than two years, with a primary focus on secondary listings. Patrice Motsepe’s African Rainbow Capital is an investor in A2X. Of the four new exchanges, Equity Express Securities Exchange (EESE) trades in Black Economic Empowerment (BEE) while ZARX and 4AX are targeting companies that are not listed elsewhere. ZARX has agricultural holding companies like TWK and Senwes among its first clients. The JSE is the world’s 19th biggest exchange and nearly 400 companies are listed on the JSE or AltX, the JSE-owned exchange for smaller companies. The JSE also offers other investment options. In 2017 Tyme Digital received a licence to run a bank. By early 2019, TymeBank was available in 500 Pick n Pay and Boxer stores and more than 50 000 customers had a TymeBank account. Tyme stands for Take Your Money Everywhere and refers to the fact that the bank does not have a branch network. The bank is targeting the lower-income segment and promises speedy transaction and approval times. African Rainbow Capital began as the venture’s BEE partner but in 2018 bought out the Commonwealth Bank of Australia. The banking licence is the first to be issued since Capitec was granted a licence by the South African Reserve Bank in 1999. Second to market among the country’s new banks was Discovery Bank, which officially launched in March 2019. Discovery Bank will apply the behavioural model it uses in its health business to reward good financial behaviour. The Discovery group is already a giant on the JSE (market value of R83-billion) with a wide range of products and services that give it access to millions of customers. Life insurer MMI Holdings is entering a partnership with African Bank to enable it to start taking deposits and loaning money. Gauteng’s Treasury has completed a feasibility study on establishing a provincial state bank. This would enable funding to be made available ONLINE RESOURCES Banking Association South Africa: www.banking.org.za Chartered Institute of Government Finance, Audit and Risk Officers: www.cigfaro.co.za GAUTENG BUSINESS 2019/20 50 SECTOR HIGHLIGHTS Pick n Pay shoppers can use TymeBank in stores. for the many infrastructure projects that are planned in the medium and long-term for Gauteng, together with making loans available for the SMME and township enterprise sectors. For many decades, South Africa had a retail banking Big Four – Standard Bank, Nedbank, Absa and First National Bank. All of them have a strong presence in the province, but they have recently been joined by Capitec Bank as a major player in the retail market. It merits inclusion in a new retail “Big Five”, with Standard Bank, Absa, FNB and Nedbank. In terms of assets, the five biggest banks are Standard Bank, FirstRand (which owns FNB), Absa (part of Barclays Group Africa), Nedbank and Investec. According to the Reserve Bank, this group had 89% of market share in 2015. The Chartered Institute of Government Finance, Audit and Risk Officers (CIGFARO) advises institutions, trains it members in public finance and promotes the interests of professionals in the public sector. It also develops and assesses qualifications and advises tertiary institutions on the requirements for courses. The financial-services industry contributes 21% to the province’s gross domestic product. Africa’s largest stock exchange and the head offices of many banks and investment houses in Gauteng.
Our most important customer, is yours. The world is changing, and the way we do business is changing with it. Which is why at BCX our ICT solutions start with the very people who contribute to your bottom line. As a wholly owned subsidiary of the Telkom Group established through the strategic alliance of one of South Africa’s ICT experts and a leading provider of telecommunications infrastructure, we pride ourselves in being a leading end-to-end digital partner for corporates and enterprises across the African continent. Enabled by our technological capabilities such as converged communications, cloud services, industry solutions, cybersecurity and digital edge, we innovate solutions to deliver exceptional value through better experiences along the value chain. We drive results by helping our clients place their customer at the heart of their organisations, ensuring your business is where it needs to be – where your customers are. Scan the QR code to read our article that explores how we drive operational efficiencies and deliver great customer experiences. Re-inventing customer experience. Proud level 1 B-BBEE Contributor www.bcx.co.za #BCX
Page 1 and 2: GAUTENG BUSINESS 2019/20 EDITION TH
Page 3 and 4: Food factory The In2Food Group fact
Page 6 and 7: CONTENTS CONTENTS Introduction Gaut
Page 8 and 9: CONTENTS Education and training 43
Page 10 and 11: SPECIAL FEATURE A REGIONAL OVERVIEW
Page 12 and 13: SPECIAL FEATURE Freedom Park in Pre
Page 14 and 15: SPECIAL FEATURE Institute of Busine
Page 16 and 17: SPECIAL FEATURE Upbeat about downto
Page 18: SPECIAL FEATURE Powering cities wit
Page 21 and 22: ADVERTORIAL Meet the Nedbank leader
Page 23 and 24: ADVERTORIAL Our money experts are a
Page 25: ADVERTORIAL New brand proposition e
Page 28 and 29: OVERVIEW Agriculture Agri-processin
Page 30: OVERVIEW Oil and gas Gauteng is joi
Page 35 and 36: Getting the job done, and getting i
Page 37 and 38: PROFILE project integration and man
Page 39 and 40: OVERVIEW Ekurhuleni is hoping not o
Page 41 and 42: OVERVIEW Packaging company Nampak,
Page 43 and 44: National Metrology Institute of Sou
Page 45 and 46: Education and training OVERVIEW New
Page 47 and 48: ZIGNA TRAINING OHS class makes a ma
Page 49 and 50: OVERVIEW a large casino where playe
Page 51: Take a wander through the 17 hectar
Page 55 and 56: SAVE THE DATE FUTURE EVENTS East lo
Page 57 and 58: INTERVIEW so we look at all areas o

Gauteng Business 2019-20 edition

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