The 2016-17 edition of KwaZulu-Natal Business is the eighth issue of this highly successful publication that, since its launch in 2008, has established itself as the premier business and investment guide to the KwaZulu-Natal province in South Africa.
The province is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy.
To complement the extensive local, national and international distribution of the print edition of the magazine (15 000 copies), the full content can also be viewed online at www.kwazulunatalbusiness.co.za.
Updated information on KwaZulu-Natal is also available through our monthly e-newsletter, which you can subscribe to online at www.globalafricanetwork.com, in addition to our other business-to-business titles that cover all nine provinces, complemented by our flagship publication, South African Business.
PROFILE Somta Tools, a
PROFILE Somta Tools, a cutting tool manufacturer in Pietermaritzburg. Forward planning The IDC has identified numerous projects across the entire province as possible funding opportunities to be pursued within the coming months. “We will continue to partner with local and provincial government, organised business, chambers of commerce and other provincial development finance institutions to provide funding for businesses,” says Moodley. Consequently, he is confident that the IDC’s strategy of proactively identifying and funding high-impact projects in KZN, using the organisation’s diverse industry expertise, will bear fruit in creating viable industries. Sector-specific workshops, presentations, training and coaching consultants who work closely with the IDC’s KZN office, further strengthens the corporation's partnerships. Another key focus for the IDC in KZN is to support women and the youth entrepreneurs in the province. “Our focus is definitely geared to getting more women and young people into the mainstream economic activities of the economy. We have various initiatives within the IDC to assist women- and youth-owned businesses to enable them to access funding from the IDC. In addition, the IDC provides business support to offer guidance on essential business skills to its clients. This support is available during the pre- and post-approval stages and includes assistance to distressed clients,” says Moodley. Working with the National Youth Development Agency (NYDA) and other stakeholders enables us to identify business opportunities to assist emerging young entrepreneurs to access funding from the IDC,” he adds. “We welcome all stakeholders to engage with the IDC in KwaZulu-Natal, at any of our offices in Durban, Pietermaritzburg or Richards Bay. We have a team of highly skilled and dedicated staff with vast experience, who are committed to fulfilling the IDC's mandate of driving industrial development and job creation and growing the local economy.” CONTACT INFO KwaZulu-Natal: Durban Physical address: Suite 2101, 21st Floor, The Embassy Building, 199 Anton Lembede Street, Durban Postal address: PO Box 2411, Durban 4000 Tel: 031 337 4455 | Fax: 031 337 4790 KwaZulu-Natal: Pietermaritzburg Physical address: 1st Floor, ABSA Building, 15 Chatterton Road, Pietermaritzburg Postal address: PO Box 2411, Durban 4000 Tel: 033 328 2560 | Fax: 033 342 5341 Email: callcentre@idc.co.za Website: www.idc.co.za KWAZULU-NATAL BUSINESS 2016/17 42
Making the right things happen FOCUS Innovation, technological advancement and well-trained staff are keys to Nedbank’s success. Nedbank continues to build on its client-centred strategy, which is aimed at delivering distinctive experiences and channels of choice. This has seen the bank simplify and enhance its product offering in line with its great-value banking philosophy, based on simplicity, transparency and affordability. Innovation and technological advancements as well as training and development of staff have been key pillars in achieving the bank’s objectives. Nedbank has also placed emphasis on client engagement to better understand the diverse and individual client needs across its personal and business banking base. "Innovation is an integral component of a holistic approach that encompasses our systems and processes and these enable us to deliver distinctive client experiences. Despite the tough economic environment, Retail and Business Banking have delivered value to our shareholders while significantly improving our client experience. Through these milestones, we are well geared to weather the persisting macroeconomic environment, and highly competitive business conditions," says Fayzel Omar: Regional General Manager of KZN at Nedbank. Dedicated Business Managers and Product Specialists working through an empowered "Client Service Team" ensure service delivery with significant benefits. In KwaZulu-Natal we have two regional head offices based in Durban (headed up by Regional Business Head Siphamandla Ndlovu) and Pietermaritzburg (headed up by Regional Business Head John Bush) with further offices situated in Richards Bay, Port Shepstone, Newcastle and Pongola. We service small and medium privately owned businesses and agricultural farming entities throughout the province. To this end, Nedbank has launched several first-in-the-marketplace innovations such as the award-winning Nedbank App Suite, Home Loans Online Digital Channel and Market Edge, as well as the "Branch of the Future" concept in communities and nationally. "Working with communities is entrenched in our values through community development, skills development, education and job creation as well as environmental conservation. We believe our fast-growing presence in the province goes a long way in enabling greater financial inclusion while contributing towards economic growth," says Omar. Siphamandla Ndlovu, Regional Business Head Durban John Bush, Regional Business Head Pietermaritzburg These are just a few of the ways that Nedbank continues to make the things that really matter with businesses and communities happen. www.nedbank.co.za 43 KWAZULU-NATAL BUSINESS 2016/17
