South African Business 2019 edition

The 2019 edition of South African Business is the seventh edition of this annual guide to business and investment in South Africa. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as Special Economic Zones and African trade provide unique insights, together with comprehensive overviews of critical economic sectors. Other special features focus on the exciting new possibilities in renewable energy, airports as engines of regional growth and the maritime sector as an entirely new prospect for South African entrepreneurs and businesses. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed at www.globalafricanetwork.com

OVERVIEW Construction

OVERVIEW Construction and property The shopping mall trend continues to grow. A big new development on Oxford Road in the Johannesburg suburb of Rosebank says a lot about the South African construction and property sector. The 300 000m² Oxford Parks mixed-use development by Intraprop began construction in 2017 and the first phase is expected to be valued at about R1-billion. Firstly, South Africans love shopping malls. The South African Council of Shopping Centres calculates that the country has the sixthhighest number of shopping malls in the world. R2-billion was recently spent on Menlyn Park in Pretoria to expand it to 177 000m² of gross lettable space while the Gateway Theatre of Shopping in Durban, South Africa’s second-biggest mall, will spend R750-million in 2018. Limpopo’s provincial capital Polokwane has had the super-regional Mall of the North since 2011. Secondly, development often follows existing patterns (Rosebank- Sandton is already the richest and densest retail and office precinct in Africa). Many of South Africa’s biggest firms have their headquarters in this area: BPSA will take up residence in Oxford Parks. Thirdly, the SECTOR INSIGHT More South Africans live in flats than ever before. concept of “lifestyle” malls (combining apartments with office, entertainment and retail space) has caught on. The best known of these is Johannesburg’s Melrose Arch. Finally, the Oxford Parks project illustrates a big shift in the construction sector away from large conglomerates towards smaller, black-empowered SOUTH AFRICAN BUSINESS 2019 98 cont on pg 100

Mueletshedzi Logistics Meeting and exceeding the petroleum needs of clients. FOCUS Mueletshedzi Logistics (trading as MLTL) runs a dedicated fleet of trucks and tankers to provide a logistical backbone in order to meet and exceed the petroleum needs of clients. Mueletshedzi Logistics supplies petroleum products to other companies, retailers’ partners and all types of industries across Africa. MLTL is an Authorised Distributor for Total South Africa in the Southern African market. The company also offers storage facilities for petroleum products. Mission statement and values To supply in a safe, dependable and reliable manner all products and related services throughout sectors and industries in chosen South African regions. • Reliability • Integrity • Accountability • Commitment CONTACT DETAILS Tel: +27 11 695 4845 Mobile: +27 76 847 2030 and +27 81 359 4807 Fax to email: 086 566 3606 | Email: info@mltl.co.za Website: www.mltl.co.za Services Supply and installation of fuel tanks. Supply of petroleum products (aviation gasoline, biofuels, diesel, jet fuel, liquefied petroleum gas, paraffin and petrol). Lubricants. Bitumen. Garage cards. Earth-moving equipment (yellow machines) including excavator, TLB, grader, roller, frontend loader and articulated dump trucks. Parrot Products. Transportation of a wide range of machinery and products using the following vehicles and equipment: low-bed, flat-deck, fuel tanker, side tipper, six cube tipper and 10 cube tipper. Target markets The target markets are haulage companies, white-site (unbranded) filling stations, truck stops and end users. The company intends to be the biggest supplier in the South African provinces of Gauteng, North West, Northern Cape and the Eastern Cape. Externally, the focus is on Botswana, Zimbabwe, Malawi and Zambia. 99 SOUTH AFRICAN BUSINESS 2019