Weekly Press Review – 22 September 2016

According to the press this week, residents of the Overberg region had the opportunity to voice their concerns regarding the ongoing perlemoen poaching and the effects that it seems to be having on increased gang violence, drug abuse and prostitution in the area at a committee meeting of the provincial committee of economic opportunity.

Anne Lubbe, head of human resources at Abagold, one of South Africa’s main perlemoen providers said, “Perlemoen is now about many more issues. It is an exit and income for many, but for others the consequences are worse than ever.

Everyone is jumping in the ocean for perlemoen. There is no control over perlemoen poaching. The poachers get the perlemoen, they receive no cash, they get drugs. These drugs have to be sold to make money. School children are used to sell the drugs.”

In response, Col. Jacques Visser of the Hawks in the Western Cape said, “We have successfully pursued 145 cases and arrested more than 400 people. These cases are now in the courts.”

The Department of Agriculture, Forestry and Fisheries, DAFF, was not represented at the committee meeting.

In response to low freight and oil prices, Denmark’s Moller- Maersk will spilt itself and focus on transport and logistics, while simultaneously continuing to seek a way out of energy in a much anticipated revamp aimed at reviving its fortunes.

According to the press the conglomerate will focus on its core businesses: Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry, while also looking for solutions for its smaller energy operations.

The news was received cautiously by investors. “It might be one of the most pain-free solutions relative to other scenarios, but they could have gone even further,” said Nykredit analyst Ricky Rasmussen.

Work on the R1.3 billion mixed use development at the gateway to the V&A Waterfront in Cape Town has made headlines this week.

“The Yacht Club” is being developed by the Amdec Group and will comprise a hotel as well as  modern urban apartment living in two towers on a podium of premium grade office space.

Nicholas Stopforth, managing director of Amdec, said, “The hotel will have a contemporary four-star grading.” He added that the apartments had proven particularly popular with investors, who had enthusiastically welcomed the massive potential they represented for long-term leases, and owner occupiers. About 20 percent of these buyers are based in Gauteng.

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