Coca-Cola is reportedly in talks with a Canadian marijuana producer to develop health-focused beverages that will ease inflammation, pain and cramping… Surely someone should be doing field tests in Margate?
Durban has been named the fifth wealthiest city in Africa after Johannesburg, Cape Town, Cairo and Lagos. South Africa is reportedly the overall wealthiest country in Africa but has one of the slowest wealth growth rates over the past ten years: the second worst after Egypt. Interestingly, Mauritius came out tops with a wealth growth rate of 195% compared to the continental average of 13%.
Our finance minister says that more than half of the municipal managers and chief financial officers in South Africa are not qualified to fill their posts. He intends giving them eighteen months to do so. Good: one wonders what standard he envisages that can be achieved within eighteen months? Perhaps these guys are just quick learners.
Jones Lang LaSalle, a real estate consulting firm, says that the cost of occupancy in SA super-regional shopping centres had increased significantly since 2016. Vacancy rates in such accommodation was at 4% and is on an upward trajectory. Neighbourhood shopping centres have also recorded a decline in occupancy rates.