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In March we focus on purchasing business property, whether for your business or to grow your portfolio. We meet Brenda Fredericks and Yogan Munusamy.
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Excellent time to buy a business property

The strength of the business property market boils down to one simple fundamental factor - the demand for space, says Byron Jeacocks, regional general manager at Business Partners Limited.

And all indications are that, with the pent-up growth potential of the South African economy unleashed by the recent leadership changes and the private sector becoming more confident about the country’s future, demand for space will almost certainly increase as businesses seek to expand, and so many more goods have to be moved through larger warehouses onto longer retail shelves. For Jeacocks, there has not been as good a time in many years for business owners to invest in property, and, if they haven’t yet, to buy their own premises from which to run their businesses - provided that they buy a good quality property.

The almost certain increase in the demand for space in a growing economy makes the property market virtually a one-way bet upwards, says Jeacocks.

 
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Eleven tips for starting and growing your own property portfolio

When the worst of a business’s start-up struggles are over, and the venture at last starts producing regular surplus income, many an entrepreneur’s gaze shifts from the shop floor to the wider environment, in search of more passive investment opportunities that can help to diversify their wealth and spread their risks.

Property investment is very often the next step that successful business owners take. It looks easy and seems to require less operational energy than starting another business. While this may be true, the figures involved in the property game are such that one small mistake can turn out to be very expensive.

Anton Roelofse, regional general manager of Business Partners Limited, provides the following eleven tips to business owners who are thinking about starting and growing an investment property portfolio.  

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March 2018 / Vol.9.3

IN THIS ISSUE:

Down-and-out single mom makes come-back, and empowers thousands of women

When Brenda Fredericks became a single mom after a difficult divorce, the last thing she ever wanted to do was work on another garment again. She and her ex-husband ran a clothing business and all she wanted was to move on from that painful period of her life.

But in the end it was through the clothing industry that she did manage to move on, and spectacularly so. Not only has she managed to build her own fast-growing brand, but she has had the satisfaction of seeing her business empower thousands of women, many of them struggling single moms themselves.

“Clothing was the only thing I knew,” says Brenda, who studied fashion and clothing design and had spent her working life in the clothing industry. In order to make ends meet, she was forced to fall back on it, but she also vowed that her new venture was going to be premised on the empowerment of the women.

She set up some machines in her father’s back yard in Retreat, Cape Town, and worked on a few designs for women’s garments.

 
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Low-key, constant innovation drives manufacturer’s success
 

Nowadays high-profile inventors such as Elon Musk are revered and celebrated as important economic players. But the low-key, incremental innovation that happens every day in thousands of workshops is arguably even more important and not adequately acknowledged for its contribution to economic development and wealth creation.

The story of Yogan Munusamy’s business illustrates how incremental, local-level innovation can lead to success for a single company, and contribute the local economy.

Yogan’s family was too poor to send him to university after school, so he worked for three years in the struggling family supermarket in King William’s Town before he enrolled as a trainee toolmaker in the East-London car-making industry in the late nineties.

The skills he picked up during his apprenticeship and later as a quality manager of an automotive-parts factory would later play a crucial role...

 
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Unit 22,
Richards Bay CBD Mini Factory
Richards Bay

Property type: Industrial unit

Location: Unit 22, Richards Bay CBD Mini Factory, 5 -7 Rupee Rif

Size: 135.5m²

Rental: R5 420

Availability: Immediately

Features: Armed response, ablution facility, water supply, cleaning, and waste removal.

Contact:
Feroz Khan
082 821 4305
fkhan
@businesspartners.co.za


 

Unit 27,
Dickswell Building
Pinetown
 

Property type: Office space

Location: Unit 27, Dickswell Building, 92-96 Josiah Gumede Rd, Pinetown

Size: 120m²

Rental: R4 500

Availability: Immediately

Features: Waste removal.

Contact:
Rani Veerasamy
079 533 3754
rveerasamy
@businesspartners.co.za




 

Unit 12,
Eldo Square Shopping Centre
Centurion

Property type: Retail space

Location: Unit 12, Eldo Square Shopping Centre, Eldoraigne

Size: 175m²

Rental: R31 500

Availability: Immediately

Features: Kitchen, water supply, cleaning, waste removal, air conditioning, geyser (hot water), and receiving area.

Contact:
Nicole Wannies
076 641 3292
nwannies
@businesspartners.co.za

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