JSE-listed private education group AdvTech is in talks with listed sugar and property heavyweight Tongaat Hulett to set up an all-new private university campus for 10 000 students in KwaZulu-Natal’s burgeoning Sibaya development node near Umdloti, north of Durban.
A recent trend that has emerged in South African businesses shutting their doors is to opt for the path of business rescue, as opposed to liquidation. While many believe that a business rescue process is only implemented to stall a liquidation, thereby also frustrating the creditors of a company, this is not the case.
The franchising sector has shown steady growth over the past four years, in a tough economy from contributing an estimated 9.7% to the country’s GDP in 2014 to its recent figure of more than 15%, according to the Franchising Association South Africa 2018 survey.
Bitcoin tumbled below $6,000 for the first time since August and reached its lowest level in over a year, breaking the recent stretch of tranquility exhibited by the notoriously volatile digital alternative to cash. The world’s largest cryptocurrency tumbled as much as 15%, with most of the initial loss coming within a half hour window. It’s the biggest drop since February. Other digital coins slumped, with smaller rivals Ether, Litecoin and XRP dropping more than 17%.
The Durban University of Technology (DUT) has identified their Indumiso Campus situated in Imbali, Pietermaritzburg, as a key investment point for the training of built environment graduates. At the end of training, these graduates will be equipped to enter employment with specialist skills, advanced knowledge and a strong work ethic.