Connect with us

Events

Grit is Gold at Africa Property Investment Summit

Metrosmag,SA

Published

on

SANDTON, JOHANNESBURG – JSE-and Mauritius-listed company, GRIT Real Estate Income Group, will be attending the noteworthy platform for real estate investment in Africa this week at the Sandton Convention Centre to discuss current trends, share industry experiences, and hopefully emerge having made positive connections in the various African countries.

As a top tier Gold Sponsor to the Africa Property Investment Summit & Expo (API), GRIT will be connecting with the most influential local and international Africa property stakeholders, in the promise to seek meaningful and profitable investment into a range of real estate, infrastructure projects and developments across the continent.

The API Summit gathers the region’s most senior investors, developers, operators and professionals providing the right platform to do deals across the region.

It is in this precise vein that Grit is Gold. It pioneered the concept of providing investors direct access to real estate ownership in Africa’s high-growth markets (excluding South Africa).

This is a dynamic, high-growth company that has established a strong portfolio of retail, corporate residential, hospitality, warehousing and commercial office assets in Kenya, Morocco, Mozambique, Mauritius and Zambia, with a view to expand into more markets, especially where REIT (Real Estate Investment Trust) legislation has been promulgated.

Grit distributes its income to shareholders in US dollars, making it a currency hedge in addition to participating in superior distribution growth. The Company recently distributed its sixth consecutive distribution to shareholders and targets a dividend yield of over 7% in US dollars.

Grit CEO, Bronwyn Corbett has two days of bespoke networking opportunities, focussing on Morocco, Nigeria, Ghana, Kenya, Rwanda, Tanzania, discussing the impact that structured real estate investments can have on development of the continent.

Given the strong correlation between the investment case of REITs on the one hand and the investment mandate of pension funds on the other, REIT legislation has been a significant catalyst in the growth of listed real estate investments in those markets.

Although Grit distributes its income in the same way as a REIT does, it is not a REIT and pays the relevant taxes in-country.

For South African investors, this means they are charged a lower foreign dividend tax on their earnings, as opposed to a higher income tax compared to distributions from South African listed REITs.

Says Grit CEO, Bronwyn Corbett“We offer investors exposure to hard currency income at emerging market growth rates, making us a unique addition to any investment portfolio.

Our risk is mitigated by the quality of our tenants, including the likes of Vodacom, Barclays, Beachcomber and Lux Resorts as well as the long-term hard currency leases we have entered into.

Going forward, we are targeting growth in our current countries of operation as well as in new jurisdictions including Botswana, Rwanda and Ghana.”

Metrosmag,sa ( inspired by Mzansi Lifestyle ) Mzansi is rich in Lifestyle, a nation diverse in race and culture. Mzansi Magazine explores the rich heritage , versitile culture and the celebrations of Life in Mzansi. Metros Magazine, SA is South Africa's informative Metropolitan lifestlye magazine with all the fresh and important news in Mzansi.

Continue Reading
Advertisement ad
Comments

Events

Red Bull Culture Clash event crew line-up announced

Metrosmag,SA

Published

on

Red Bull Music Academy is a world-travelling series of music workshops and festivals. Two groups of 30 selected participants—producers, vocalists, DJs, and instrumentalists from around the world—come together in a new city each year for two weeks of collaborations, lectures, and performances.

The Academy began in 1998, and has been traversing the globe since. In 2010 it took place in London, when the first Culture Clash was hosted as part of a five week-long city festival.

Preparations for Red Bull Culture Clash are heating up at a rapid pace as headline artists AKA, DJ Tira, Patoranking and Admiral & Jahseed, enlist some of the industry’s top musicians to back their respective crews for an epic show that is being labelled the biggest live music battle experience the continent has ever seen.

Check out the downright impressive Red Bull Culture Clash crew list below.


AFRICAN STORM SOUND SYSTEM featuring:

  • ADMIRAL & JAHSEED
  • DANCE HALL QUEENS
  • TOL A$$ MO
  • OSKIDO
  • SPEEDY
  • SECRET GUESTS 

RED HOT SOUND SYSTEM featuring:

  • PATORANKING
  • GEMINI MAJOR
  • DJ SNYPES
  • MAJOR LEAGUE DJZ
  • JUPITAR
  • SECRET GUESTS

DURBAN MASSACRE SOUND SYSTEM featuring:

  • DJ TIRA
  • NAAK MUSIQ
  • DISTRUCTION BOYZ
  • L’VOVO
  • PROFESSOR
  • DUNCAN
  • BIG NUZ
  • KILLER KAU
  • SECRET GUESTS

TOP BOYZ SOUND SYSTEM featuring:

  • AKA
  • ANATII
  • JR
  • MASTER A FLAT
  • YANGA CHIEF
  • DJ FANATIC
  • TWINS ON DECKS
  • SECRET GUESTS

The list of talent to expect on the night doesn’t stop here. Crews will be introducing additional surprise artists during the event as part of their arsenal of musical weaponry they bring to the battle.

In the lead up to the event, AKA notes “None of the teams have what it takes to beat our Top Boyz Sound System. We’re making sure we have all the right elements – world class talent, infectious energy and impressive sound and lighting – to bring fans a one-of-a-kind performance. The crowd and competition won’t know what hit them! Get ready SA, we’re coming for you.”

Be prepared for a night of larger-than-life sounds and surprises and show support for your ‘chosen crew’, as it’s the response from the crowd that decides the winner on the night.

Follow Red Bull Culture Clash on redbull.co.za; Twitter @RedBullZA, Facebook @redbull, Instagram @redbullza  and YouTube. Join the conversation using #RedBullCultureClash.

Don’t miss out on the action! Get your tickets for Red Bull Culture Clash 2017 from Computicket. Doors open from 6pm on 23 September at Orlando Stadium.

Continue Reading

Events

The future of creative innovation & technology takes centre stage at 2017 Fak’ugesi Conference

Metrosmag,SA

Published

on

With its bold and daring theme of ‘brave tech hearts beat as one’ the 2017 Fak’ugesi African Digital Innovation Festival will once again pioneer uniquely African technology and creativity in an electrifying ten-day programme, from 6 to 16 September, to showcase the power of innovative collaboration.

This year’s festival once again promises a unique, fresh and exciting line up of events, including, for the first time, the Fak’ugesi Conference taking place on 14 September. This one-day event titled “The Future of Creative Innovation” sets its focus on highlighting important conversations on the role of collaboration and interdisciplinary practice for creativity, technology and innovation in Africa.

The 2017 Fak’ugesi Conference will take a closer look at the present and future of collaborative practices and digital culture in Southern Africa and the Sub-Saharan region. Panellists and keynote speakers will also engage questions around inter and multidisciplinary digital practices in support of the growth of creative and community-led innovative technology in Johannesburg, South Africa and beyond.

The day’s events will be introduced by one of South Africa’s most well-established fine artists, William Kentridge, in a keynote address titled “Enough and More Than Enough”. Kentridge’s immense intellectual generosity and interest in young Johannesburg makers and artists through the Centre for the Less Good Idea, will lead to the first panel discussion with Kentridge and the Centre’s Season 2 Curators: Jamal Nxedlana, Nthlanthla Muthlangu and Tegan Bristow, chaired by Bronwyn Lace.

Following this, two fascinating panels will address the state of Virtual Reality and Mixed Reality, their current uses, and industry focus’ in Southern Africa. The first, supported by Maxum Digital (Innovation Hub) engages new South African practices in VR. The second, supported by Ericsson, takes a bold look at new Mixed Reality technologies and community led urban design.  These will run parallel to panels exploring the intersections of music, film and new technologies, in a double panel series curated by Weheartbeat in extension of the Fak’ugesi Beats Lab at the Festival. Each Fak’ugesi Beat panel features the cutting edge beat makers and videographers that have come to contribute to the 2017 Fak’ugesi Beats Lab and Festival Finale.

As one of the most distinguished ambassadors of digital culture and engagement in Africa, Jepchumba will deliver the second keynote address titled “The African Digital Renaissance, New Frontiers and New Territories”.  Jepchumba will then lead discussions into an extensive Pan-African conversation on questions facing digital culture on the continent. These discussions will also include contributions by participants in the ColabNowNow project; a ten-day program of digital storytelling and making that will take place during this year’s Fak’ugesi Festival.

2017 Festival Director, Tegan Bristow says, “The Fak’ugesi Conference and Festival not only allows for vital skills development and exchange but also acts as a platform where digital practices can be interrogated, questioned and collaboratively produced. It’s thanks to the Fak’ugesi Conference partners Tshimologong, Ericsson, Maxum Digital & Innovation Hub, French Institute and British Council Connect ZA that this is possible.”

After an exciting and thought-provoking programme, the 2017 Fak’ugesi Conference will close with a celebratory performance and beats demo by Fak’ugesi Beats Lab residents Masego from the UK and EvilNeedle from France.

Continue Reading

Events

2017 Fashion Recognition Awards dawn on Durban

Metrosmag,SA

Published

on

Award winning Durban designer, Terrence Bray, was chosen as the Durban Designer of the Year 2017 at the prestigious Durban Fashion Fair Recognition Awards evening held at Durban’s Inkosi Albert Luthuli International Convention Centre last night. (Saturday, August 26)

This glamorous event – an evening of music and fashion hosted by Gagasi FM’s Collen Zondo and Top Billing presenter, Ayanda Thabethe – brought the sixth annual eThekwini Municipalities Durban Fashion Fair to an end.

Bray, who has played a big role in mentoring young and emerging designers through the years at the DFF, was born and raised in Durban and launched his own label in 1998. Over the years, he has built his career and brand to the point where he is now an internationally recognised designer.

The success of Terrence Bray is based in a firm and distinctive design philosophy – to strive for the best quality and design possible at that moment. This year’s collection, dedicated to his father, featured strong tailoring elements in bold black and white.

The second big award of the evening – the Durban Fashion Legend 2017 which is based on nominations from within the local fashion industry – went to Lindiwe Khuzwayo. This veteran designer and couturier of 30 years and successful business woman has been a role model for many. Her creations have graced both local and international runways in Marseilles, France and Cannes. Khuzwayo founded the Lindiwe Khuzwayo Fashion Design Studio and Lindiwe Khuzwayo Academy of Fashion in 1986. The academy was in line with her vision of supporting and actively promoting and empowering the youth which she is very passionate about.

Business support programme manager, Sindi Shangase, whose vision and hard work has made the Durban Fashion Fair a much anticipated annual event on the city’s calendar, congratulated all award winners.

She pointed out that both the acceptance speeches and the hard work that had gone into getting each and every collection on the DFF 2017 runway had once again proven that fashion goes way beyond glitz and glamour.

“This year’s theme, Dawn of the Arts, is about the reawakening of the creative industry and realization of the arts as a lucrative business opportunity. It also recognises the different arts within our multi-talented city and shows how they can all inspire each other and work together. The DFF is evidence of this. Six years into the journey, the DFF has gone from a single night event of just six shows featuring 12 designers to a four day event featuring over 40 designers, including specially invited creative’s from the African continent,” she said.

At the award event, Shangase thanked all who had believed in the DFF and contributed towards making it the success story it is today. “This includes the established designers who have participated and advised us, the many professionals who have assisted, big retail brands, sponsors and, most importantly, the many people working behind the scenes handling lighting, sound, choreography, hair, catering and more.”

She added that the most satisfying thing of all has been welcoming junior designers back to the catwalk through the years to show collections as respected members of their professions.

After much deliberation regarding the high standard of fashion that took to the 2017 DFF catwalk, the independent judge’s decision for all the categories were made up of former YOU magazine fashion director and now creative director of CHULAAP, Chu Suwannapha; the founder of G&D Apparel, Greg Wallis, Drum Fashion editor, Peta-lee Matjaola and Themba Mthethwa who is the Regional Operations Manager for Markham jointly concluded that one such designer is Zama Mathe, the lead designer of Zarth, who was awarded the Collection of the Week award for a collection that once again displayed timeless, African inspired elegance and femininity.

Founded in 2009, Zarth has evolved into a creative design house employing a fully qualified team of professionals. The fledgling brand made its DFF debut in 2013, earning Zama Mathe an internship to Milan, Italy. She has participated at the DFF every year since then and was awarded the prestigious DFF Designer of the Year title in 2016.

Another example is Mxolisi Luke Mkhize, who heads up House of Saint Luke which took home the Best Menswear Collection Award 2017.

Born and raised in Durban, Mkhize was selected for an internship in Milan in 2012 and has showcased at the DFF ever since. He also took home the Best Menswear Collection award at the inaugural awards event in 2015.

Last night, the Best Ladieswear Collection 2017 Award went to Quiteria & George. Quiteria Kekana and George Malelu, one of the most talked about design pairings of late, showcased their bold African prints and elegant designs, for the second time at the DFF this year.

The Best African Collection went to West African fashion brand Quame Owusu which is owned by Ghanian designer, Samuel Owusu. This was his first showing on the DFF ramp.

This year’s Fashion Innovator Award, which goes to designers who push the boundaries and embrace technological innovation, went to Martin John Steenkamp while the Emerging Designer of the Year 2017 was self-taught designer, Muzi Innocent Mlambo of Mita-N Dzyns.

Four years ago, the DFF introduced a model search, providing an opportunity for youngsters from disadvantaged communities to not only get themselves on the DFF ramp but also to begin to build a modelling career.

This year’s New Face of the Year (ladies) was Amanzimtoti’s Samantha Jali who is currently studying shipping and logistics, while the New Face of the Year (men) was 26 year-old Samkelo Shinga from Umlazi.

Independent Media walked off with the Fashion Business Award and Athenkoisi Mfungula, Claudia Novuka and Leonie Pillay were recognised as the 2017 rising stars from the Mentorship Programme which is an initiative developed by the eThekwini Municipality to grow the fashion industry in the city and to create employment and entrepreneurship opportunities for young designers and assist them with skills relating to the business of fashion!

Continue Reading

Most Popular

Copyright © 2014 metrosmag. Theme by Natives, powered by MaphorisaInitiatives