Page 2 - KZN Business Sense - 7.5 eBook

KZN FINDING FOCUS IN UNCERTAINTY

waZulu-Natal’s In response to the need to grow pages 7 -10 where we introduce that curricula are relevant in the
businesspeople are very our economy, the South African some of these inspiring women. current world.
Kresilient and even in the Chamber of Commerce (United On the front of the special
From the health front, Dr Fareed
face of numerous challenges are Kingdom) will launch its KZN feature is Fatima Moolla, Amod of Crown Dental Studio
committed to keep going forward Chapter in September (Page 4). centre manager at SmartXchange
as the articles in this edition well Marlene Powell encourages Port Shepstone. Fatima is one advises on the removal of wisdom KWAZULU-NATAL BUSINESS
teeth and VR Wend have found a
illustrate. businesses owners to ‘pick a lane of the South Coast’s leading solution to help people combat the CHAMBERS COUNCIL :
The KZN Top Business leader and stick to it’. Richards businesswomen who developed mental health crisis (Page 13). Chairperson: Judith Nzimande
featured on the front page is Mzi Bay Minerals has shown its her astute business etiquette FreeMe Wildlife is a trauma
Tyhokolo who describes himself commitment to the province and and hard work from a very young and rehabilitation facility located Secretariat: Lihle Msweli
as a typical South African. Mzi the community within in operates age. Her dynamic leadership in the KwaZulu-Natal midlands T: +27 (0)35 797 1807
has had a long journey within the and is restarting operations (Page 5). has produced amazing results requiring support (Page 14). M: +27 (0)83 571 0486
gas industry, which resulted in Johan van Deventer provides at the Port Shepstone incubator Address: ZCBF Community Park,
his appointment as Group CEO advice on the difficult subject (Page 10). On the back page David Gate 5, Business Community
of SLG in 2020, a company that of staff retrenchments while We salute Clarissa Johnston White provides some insight Building 1st Floor, Guldengracht
he believes has much potential for another difficult subject is lease and Laura Strugnell who have into the Professional Employer
growth (page 3). agreements (Page 6). recently returned from the Organisation industry. Street, Richards Bay, KwaZulu-
Natal, South Africa
Many people in KwaZulu-Natal August is Women’s month, Toyoko Olympic games where Don’t forget to watch the videos Email: LMsweli@kbcc.co.za
continue to be negatively impacted and we are delighted to launch they competed in the artistic through QR codes. Open the Website: www.kznchamber.co.za
by the unrest and looting which Standard Bank KZN Top swimming event (Page 11). camera on your phone (or use a
took place in July, which is well Business Women 2021 in a Also on page 11, Dr Ahmed scanning app) and hover steadily
commented on in Ebrahim’s special feature in this edition of Shaikh comments on higher for 2-3 seconds over the QR Code
Patel’s article (see below). KZN Business Sense. Please see education and the need to ensure to see the video. 

LOOTING AND DESTRUCTION AFFECT

ENTIRE VALUE CHAIN

Ebrahim Patel, Director, over 800 stores looted and 100 Smaller businesses and informal in KZN with more than 80% of will support working capital,
Minara Chamber of completely burnt. Within Durban traders are finding it difficult businesses in these towns having building improvements, fixtures
Commerce more than R1.5 billion was lost in to restart as they have limited being severely damaged. 64% of and fittings, machinery, vehicles
stock with R15 billion in damages resources and for most their rural towns are experiencing food and stock replenishment. The
he to property. businesses were their entire shortages while the closure of funding is a maximum of
widespread life savings. These are survival agricultural suppliers, shortage R10 million per entity and
Tunrests However, Patel said that these businesses whose daily takings of feed for animals, fertilizers payable over 60 months.
and incidents figures reflect the formal economy put food on their tables. He and fuel will impact on the food The City of Durban has made
and that the Minara Chamber
of looting warned that as many as 150 000 security chain.
in KZN and was extremely concerned by jobs are at risk and 1.5 million The Chamber welcomes the provision for Rates Rebates
for six months, suspension of
the impact on informal traders,
Gauteng during more homes could be without
July brought micro businesses, rural economy incomes. Business Recovery Packages utilities and services and the
creation of a fast-track one-
launched by the National
and the value chain. The figures
devastation on
an economy also do not reflect the knock-on The Minara Chamber recently Government and the Financial stop office for planning and
already weakened by the impact of financial impact to creditors when partnered with the Rebuilding Relief Plans announced by approvals for buildings that
the Covid19 Pandemic. businesses are unable to pay their for Hope and Prosperity Fund the City of Durban to assist were damaged.
suppliers or service debt. and the City of Durban to assist businesses affected by the unrest.
The Minara Chamber of informal traders in the Isipingo “It is in the nature of business
Commerce has expressed it Larger and more formal Market to restart their businesses The SEFA’s Business Recovery to be resilient and overcome
concerns on the resultant loss businesses may have the resources through a grant scheme. More Support Packages are aimed adversity. We urge all businesses
to economy and the impact the and insurances to return and than 100 traders are being assisted at uninsured small businesses that were affected to make use
cost of living which will lead restart their businesses. These with stock to open their business and informal traders. The Small of the various financial support
to a widening of the income businesses require the confidence and begin trading. Training Business Recovery Package packages from Government
to restart their business. It is
offers a maximum of R2 Million
and assurance that the State
inequality gap.
will ensure protection against a in business management is in funding for working capital, imperative to the long term
Ebrahim Patel, Director of the recurrence of the unrest. also being provided to upskill stock, fixtures and fittings and recovery of our country and
Chamber said that while initial The value chain is impacted by and build capacity so that delivery vehicles. The funding economy that these businesses
figures indicate that the total cost these businesses become more is a blended finance of a 60% must be rebuilt and this
of the unrest on the country’s the losses in the retail industry. formalised. Patel hopes that some Grant and 40% Loan that is will require the support of
For instance, the closure of
GDP was about R50 billion with of the businesses could grow repayable over 60 months with a Government, the private sector,
the GDP loss at about R40 billion a supermarket affects the and become wholesalers and 6 month moratorium on the labour and civil society”
wholesaler, the distributor, the
of which as much as R20 billion distributors themselves. initial payment. The Informal said Patel. 
would be a loss to Durban’s GDP, manufacturer, the packaging While there has been much Traders Program will provide
industry, the transport industry
the actual figures could be far focus on the urban economy, 8000 informal traders with a once
higher. and even the farmer and could of R3000 grant each.
lead to job losses at all levels. research by agricultural union
Estimates that damages to the With some businesses completely Kwanalu indicates that the unrest The NEF’s Economic Recovery
retail industry alone amount to destroyed and the owners unable and looting has completely Fund will provide bridging
more than R5 billion with more to meet their credit obligations, destroyed economic activities in finance for businesses that have
than 200 malls targeted and the suppliers are at risk as well. more than 55% of rural towns insurance or SASRIA cover and

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