Page 8 - Business Sense-11.2 Brian Howarth- ebook

SUPPORTING INDUSTRIAL

GROWTH IN MANUFACTURING

he manufacturing sector digital tools and advanced on the skills of leading forklift
in KwaZulu-Natal is logistics solutions to navigate operators.
Tevolving rapidly, driven supply chain disruptions. ■ Exhibitor showcase – Engage
by technological advancements, with top local and international
and the need for more sustainable “KITE has built a solid suppliers offering tools and
production methods. To remain reputation for bringing together technologies tailored to local
competitive, though, businesses leading industrial technology business needs.
in the region must stay informed manufacturers and suppliers, ■ Business networking – Connect
about the latest industry trends. providing local manufacturing with industry professionals and
organisations with multiple
The KwaZulu-Natal Industrial opportunities to access solutions industry peers.
Technology Exhibition (KITE), that address these challenges. ■ New Products and Innovations
taking place from 22 to 24 July It is undoubtedly the most Awards – Stay ahead of industry
2025 at the Durban Exhibition comprehensive source of industrial trends by discovering cutting-
Centre, provides a vital platform technology solutions in KZN, edge solutions that are shaping
for manufacturers to discover saving time and effort for the the future in this dedicated
solutions that will define the industry professionals seeking initiative.
future of their industries. ways to increase productivity and “Manufacturers in KZN looking
profitability, and to remain at to future-proof their businesses
Charlene Hefer, Portfolio the top of their game in a widely cannot afford to miss KITE
Director at Specialised contested market. The exposure 2025. From discovering the
Exhibitions – a division of gained by exhibitors to a captive latest industrial innovations to
Montgomery Group – points out market is unsurpassed,” says Hefer. gaining insights from experts, the
that, while KZN remains one of Key benefits of visiting KITE event provides an unparalleled
South Africa’s most significant include: opportunity to stay ahead in
manufacturing hubs, businesses an increasingly competitive
face several key challenges: ■ Live demonstrations landscape,” says Hefer. 
Charlene Hefer, Portfolio Director at Specialised Exhibitions — a division of ■ Rising energy costs – The need – Experience the latest
technology in action, from
Montgomery Group for energy-efficient and cost automation systems to smart To find out more about KITE 2025 visit the
saving technologies has never manufacturing tools. This website – www.kznindustrial.co.za, and to
been greater. allows visitors to ‘test drive’ book a stand or a sponsorship package at
■ Skills shortages – As solutions before deciding KITE 2025, speak to Steven Burmeister –
automation and digital to purchase. steven.burmeister@montgomerygroup.com

manufacturing increase, a ■ Expert-led seminar sessions Contact: Specialised Exhibitions,
skilled workforce is essential. – Gain valuable insights from Marketing Department
■ Sustainability pressures thought leaders discussing the T: +27 (0)64 850 2676
– Environmental regulations latest industry developments E: Marketing@kznindustrial.co.za
require industries to adopt and best practices at the free- W: www.kznindustrial.co.za
greener practices. to-attend SAIMechE Seminar
■ Technology-driven growth Theatre.
– Businesses must stay updated ■ LEEASA – The one-day
on automation, robotics, and conference provides attendees
smart manufacturing to in the lifting industry with
improve efficiency and reduce information on the latest
costs. industry trends and regulations.
Industrial technology for the manufacturing sector is a focal point of the ■ Supply chain resilience – LEEASA’s Forklift Competition
KwaZulu-Natal Industrial Technology Exhibition (KITE) Businesses must embrace – launching this year – focuses

IS YOUR FAMILY TRUST MANAGED

EFFECTIVELY?

EMS stands for Legal Entity not fully understand what they intended purpose, the best course for beneficiaries to be scattered effective. If the complexities
Management Systems, and agreed to when they signed up for of action may be to close it down. across different countries, creating outweigh the benefits, closing it
L as the name suggests, it is these responsibilities. Over time, significant tax and compliance down may be the most prudent
designed to manage legal entities the administration of the trusts The reason for forming the trust challenges. The tax cost of decision. We are here to guide you
effectively. Specifically, our focus is neglected, and the trustees are needs to be assessed. Historically, maintaining a trust in South Africa through this process and ensure
is on trusts, understanding them, oblivious to the risks that may be the main reason for establishing a can become disproportionately that you remain compliant with
managing them, and, when exposed to. trust has been estate planning. The high when beneficiaries are based legal and regulatory requirements.
necessary, facilitating their closure. idea is simple: by placing assets into abroad, making the trust structure
The recent “grey-listing” a trust, individuals can save estate impractical. Trusts were once seen as a
A trust is a legal entity that holds of South Africa has focused duty and protect assets for future simple estate planning tool, but in
assets on behalf of beneficiaries, attention on the administration generations. Other motivations Ultimately, the decision to today’s evolving legal and financial
typically used for estate planning. of trusts. One of the key issues include creditor protection and retain or dissolve a trust should landscape, they require careful
While various legal entities exist, requiring rectification was the safeguarding assets for minor be based on a careful evaluation management. If you are uncertain
our expertise is centred on trusts, lack of transparency regarding children. However, while these of its ongoing benefits versus about your role or responsibilities
particularly in South Africa. The the beneficial ownership of trusts. benefits were more pronounced its administrative and financial as a trustee, we can provide expert
financial responsibilities of trustees This has led to additional reporting in the past, evolving tax laws and burdens. Given the increasing advice before regulatory pressures
are significant, yet many trustees responsibilities on trustees and the regulatory changes have made scrutiny on trusts and the catch up with you. 
do not fully comprehend their threat of sizeable penalties for non- trusts less advantageous for many. responsibilities placed on
obligations. compliance. trustees, it is more important For more information contact:
Furthermore, globalisation than ever for trustees to Alan Hockey: +27 (0)71 673 9937 or
This issue is especially Consequently, many trustees may has introduced additional understand their obligations and Brian Payne: +27 (0)83 309 1982
prevalent in KwaZulu-Natal, now be wondering: what should complications. Many trusts take appropriate action. W: www.lemsystems.co.za
where numerous families have they do? The first step is to assess were originally set up with the
established trusts, often with whether they are meeting their assumption that beneficiaries If you are a trustee or a member
family members as trustees. legal and financial obligations. would remain in South Africa. of a family trust, now is the time to
Unfortunately, many trustees do If a trust is no longer serving its Today, however, it is common assess whether your trust remains

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