Page 11 - KZN Business Sense 3.5

KZN

KwaZulu-Natal
Business Chambers Council
EXPANDING HORIZONS

A seminar on Expanding Prof Anesh Singh said that he
Horizons: Trade and
aimed to raise the prole of the
Investment Opportunities
between South Africa and India UKZN Foundation through
greater involvement with the
was held on the 20th September business sector by participating in
2017 at the UKZN Westville functions such as this.
Campus.
Her Excellency Ms Ruchira
e event was organised by the Kamboj stressed that ‘new’ India
Consulate General of India, will celebrate 75 years of
Durban together with the independence in 2022 and was
University of KwaZulu-Natal currently emerging as a strong and
(UKZN) Foundation and ABSA prosperous BRICS country. India
Bank. e esteemed audience of has a young and skilled population
about 240 people included with an average age of 27 and is
representatives from dierent one of the world’s fastest growing
sectors of industry and academia. countries with moderate ination
e aim of the event was to levels.
stimulate discussions regarding
trade opportunities between India Currently, investment in power,
and South Africa. roads, rail, ports, airports and
digitisation is taking place under
e presenters were: Prof the Connect India programme, L to R: Mr Rajiv Singh (ABSA), Ms Nazrana Jassat (CII), Dr Shashank Vikram (Consul General of India), Mrs Ruchira Kamboj (High
Anesh Singh – UKZN Foundation which will modernise the Commissioner of India), Prof Anesh Singh (UKZN Foundation), Mr Zamo Gwala (TIKZN), Ms Vani Moodley (Vani Moodley & Associates)
Executive Director; Her transport and communication
Excellency Ms Ruchira Kamboj – sector. Many of these developments years. ese provide the basis for a is important to address factors
High Commissioner of India to have provided much opportunity shared future where many such as direct airlinks as well as
South Africa; Dr Shashank India’s technological advances for foreign direct investment opportunities for collaboration visa and works permits, which
Vikram – Consul General of India, are apparent in its aviation sector, (FDI). Dr Shashank Vikram exist to promote long term require resolution.
Durban; Mr Zamo Gwala – CEO which is the world’s largest and commented, “there is currently inclusive growth in companies in
Trade and Investment includes the rst solar powered 100% FDI in 92% of the economic both countries. Jassat said that it e panel discussion facilitated
KwaZulu-Natal; Ms Nazrana Jassat airport. Other innovative plans sectors”. was necessary to think about the by UKZN and its partners
– SA Representative for the include the development of 100 next 50 years and explore these highlights the numerous
Confederation of Indian Industry; smart cities, which are citizen Ms Nazrana Jassat emphasized opportunities. possibilities that the relationship
Mr Rajiv Singh – Regional friendly and economically viable the shared history that South with SA and India hold for
Executive of Customer Network – that will transform the lives and Africa and India have had in the Ms Ruchira Kamboj concluded cultural, economic and academic
ABSA. living conditions of the citizens of past, as well as the relationships that to maximise the potential that exchange between the two
the country. that have developed over the exists between the two countries it countries.
WHY USE A REGISTERED VALUER?

K night Frank is one of South reporting purposes within the accessibility to and from market planning data; competencies in e valuation team is made

the use of Discounted Cashow
up of chartered surveyors,
destinations; the interplay
Africa’s leading
IFRS regulatory framework.
commercial and industrial
Estate Investment Trusts in
decentralisation and in particular
valuers as well as candidate valuer
property consultant rms. Led by • Portfolio valuations for Real between trac congestion and soware. Above all, the Valuer has professional and associated
a responsibility to the client to
a team of dynamic and passionate terms of the JSE Regulations the strength and duration of demonstrate a complete interns, all registered with the SA
property specialists, the company • Rental valuations for let-ups and commercial lease covenants. A understanding of the market in Council for the Property Valuers
has earned itself a trusted lease reviews. is is also valuer must be up to date with which the valuation is being Profession and variously aliated
reputation within the industry and relevant to developers in research into market indicators undertaken and of the property to the SA Institute of Valuers and
operates two independent service assisting with nancial models such as land values, rentals, itself. Royal Institute of Chartered
lines: valuations and brokerage. and viability studies. operating cost inputs, building Surveyors.
• Valuations for Expropriation costs and yields and capitalization Part of a global network, Knight
e question, “Why use a and Land Reform in accordance rates. All of this necessitates Frank launched its Valuation and Knight Frank is committed
registered valuer?” is oen asked. with statutory provisions and constant access to brokers, Advisory oces in Cape Town to developing long-term
Property as an asset class principles of Case Law. property reports and transaction and Durban in 2011 and in relationships that contribute
represents a substantial capital • Valuations of specialized private data in order to motivate a nal Johannesburg during 2013. e toward the achievement of
investment which requires not and public service properties, opinion on value. company complies with personal and business goals for its
only quantifying, but prudent including National Key Points, international standards of clients.
management. Consequently, there airports, mining and oil e Valuer’s toolkit is varied and valuation reporting, against which
are many dierent reasons why a industry assets and harbour includes online access to the regular internal audits are carried
professional valuation of zones. Deeds Registry and Surveyor out across a wide range of
immovable property is required. • Valuations of rights other than General; the use of GIS property advisory services.
freehold, including registered applications and access to spatial
e following are some leasehold interests, building
examples: accretion value and servitudes.
• Buying or selling a property
requires an assessment of the Consequently, many individuals,
probable price that can be companies, nancial institutions,
achieved aer negotiation as well as government entities rely
between two informed parties to on property valuations to make
sale. informed decisions involving
• The valuation of property for immovable property.
loan security purposes as well as
subsequent updates through To ensure that a professional
periods of market uctuations and independent opinion is
during the mortgage lifecycle. obtained on a property’s value, it is
• Estate or succession planning essential to engage the services of
commonly requires valuation of a registered, qualied valuer with
property to determine the value sucient depth of experience in
of assets at date of recognition the eld in which the valuation is
and distribution. required.
• The determination of capital
gains tax on property for Property values may uctuate
individuals, companies and for a variety of reasons, including
trusts. economic factors; the impact of
• Valuations for financial infrastructure changes; Durban Directors : Martin Fitchet and Arbee Arbee

11