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KwaZulu-Natal Business 2020-21 edition

  • Text
  • Invest
  • Africa
  • Tourism
  • Development
  • Property
  • Infrastructure
  • Africa
  • Logistics
  • Transportation
  • Business
  • Investment
  • Port
  • Nedbank
  • Economic
  • Province
  • African
  • Durban
The 2020/21 edition of KwaZulu-Natal Business is the 12th issue of this unique publication that, since its launch in 2008, has established itself as the premier business and investment guide for the KwaZulu-Natal Province. In addition to the regular articles providing insight into each of the key economic sectors of the province, there is a special feature on the vital role played by ports in the province, from the coal exported from Richards Bay to the new cruise liner terminal addition to the Port of Durban. The 10th anniversary of the 2010 FIFA World Cup coincides with the birthday of the Moses Mabhida Stadium, an iconic design that has become a standard feature on the KwaZulu-Natal sporting and events calendar. Likewise the Durban ICC which continues to burnish the province’s reputation as meetings and convention centre.

ADVERTORIAL see money

ADVERTORIAL see money differently MONEY EXPERTS BRING 21ST CENTURY BANKING TO ALL COMMUNITIES At the heart of Nedbank’s business strategy is its belief that its sustainability depends on its ability to integrate into the communities in which it operates. Siphamandla Ndhlovu, Provincial General Manager for Retail and Business Banking in KwaZulu-Natal (KZN), explains: ‘Nedbank has continued to deliver on its brand promise, which is to use our financial expertise to do good for individuals, families, businesses and communities in which we operate. Our client-centred strategy has enabled us to reach out to our individual and business clients in time of need during the Covid-19 national lockdown.’ The Nedbank Contact Centre and advanced digital innovation, including the awardwinning Nedbank Money app, enabled the bank to continue serving clients in the comfort of their homes. Ndhlovu says that for small- and medium-business clients, Nedbank continues to deliver end-to-end solutions through a dedicated business manager. ‘Our business managers are supported by a team of experts across the bank to deliver seamless banking solutions. Our bigger-picture business approach ensures that we are able to take a holistic view of the business by understanding the vision, cashflow cycle, and transactional and capital expenditure needs of the business. ‘…we made donations to Doctors on Call and the Aurum Institute to help kickstart Covid-19 projects … ’ As a responsible corporate citizen, Nedbank in KZN has sought partnerships with businesses in the province to respond to the Covid-19 challenges. ‘Over and above the broad Covid-19 relief measures that all commercial banks committed to, among other initiatives we made donations to Doctors on Call and the Aurum Institute to help kickstart Covid-19 projects that have benefitted our communities immensely. We also continue to participate in the discussions with local government to support local economic recovery initiatives,’ Ndhlovu says. If you are interested in taking your business to its next level or need information about Nedbank’s specialised service offering, please call Siphamandla Ndhlovu on +27 83 637 8552, sendanemailto SiphamandlaN@Nedbank.co.za or visit www.nedbank.co.za.

ADVERTORIAL see money differently SOLUTIONS FOR SMALL BUSINESS AIMED AT CREATING JOBS AND GROWING THE ECONOMY Nedbank’s Provincial Manager of Retail Relationship Banking for KwaZulu-Natal, Melanie Reddy, explains how Nedbank is committed to partnering with businesses for growth. ‘ Small businesses are the mainstay of the economy and Nedbank provides small-business owners with support that goes beyond banking,’ she says. ‘Covid-19 has dealt entrepreneurs a major blow and, naturally, they are overwhelmed and anxious about the future of their businesses. Since the lockdown many small businesses have had no income, but mounting operational expenses, and some did not qualify for traditional funding nor certain relief aids available. Nedbank is proud to be involved in various ways to help mitigate the economic impact of the crisis on this vital sector.’ Through the launch of the South African Future Trust (SAFT), established by Nicky and Jonathan Oppenheimer, Nedbank helped facilitate the distribution of loans to small businesses on behalf of the SAFT. The main aim of the SAFT is to keep companies in business and protect jobs to fast-track South Africa’s economic recovery after the pandemic by extending direct financial support to employees of South African small and medium-sized enterprises (SMEs) at risk of losing their jobs. In addition, BackaBusiness is an innovative and relevant ‘ Nedbank helped facilitate the distribution of loans to small businesses on behalf of the SAFT. ’ way in which Nedbank is helping small businesses during this challenging time. It offers an opportunity for people to show their support for small businesses to ensure their survival. Loyal customers, family and friends, and society at large can join the movement to pay now and redeem a reward from the business owner once trading resumes. ‘Beyond this Covid-19 relief, our experts are available to provide all the support you need,’ says Reddy. Initiatives such as SimplyBiz.co.za, The Essential Guide for Small-business Owners, business registration services and free small-business seminars are all geared to support SMEs. If you wish to tap into our small-business expertise to reach your business goals, please call Melanie Reddy on +27 10 223 2823, sendanemailto MelanieR@nedbank.co.za or visit www.nedbank.co.za/business.

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