logo
Toyota reaffirms commitment to long-term investment in eThekwini and KwaZulu-Natal

Toyota reaffirms commitment to long-term investment in eThekwini and KwaZulu-Natal

IOL News2 days ago
eThekwini Mayor Cyril Xaba (centre) and Toyota South Africa's President and CEO Andrew Kirby reaffirm a powerful partnership for Durban's industrial future, as TSAM commits to long-term investment. The city has pledged to accelerate infrastructure upgrades in the Prospecton precinct. They are with City Manager Musa Mbhele.
Image: Supplied
In a significant show of commitment and dedication to the eThekwini municipality and the greater KwaZulu-Natal region, Toyota South Africa Motors (TSAM) has reaffirmed its long-term investment strategy.
This commitment was made clear during a strategic meeting held yesterday between the eThekwini Municipality mayor Cyril Xaba and TSAM President and CEO Andrew Kirby.
Their discussions centred on enhancing collaboration in essential infrastructure and economic development, paving the way for greater industrial growth in the area.
At the heart of their conversation were several crucial enablers for fostering the g
rowth. These included plans for road upgrades, the assurance of a stable electricity supply, and improvements to water and sanitation infrastructure in the Prospecton precinct, the operational base for TSAM's manufacturing activities.
In attendance to support Xaba were key municipal officials, including City Manager Musa Mbhele and Economic Development Chairperson Councillor Thembo Ntuli.
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Advertisement
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Next
Stay
Close ✕
In a robust investment effort, the municipality has allocated more than R450 million for various road infrastructure projects currently being implemented throughout the Prospecton area.
Among these improvements was a major water infrastructure upgrade, which will replace an ageing 375mm asbestos cement pipeline with a more durable 400mm steel pipeline—an essential step aimed at significantly enhancing the water supply to support the industrial activity in the region.
Responding to challenges posed by environmental factors, the city has also earmarked over R120 million for the repair and upgrade of sewer networks and pump stations affected by recent flood damage.
There has also been an investment in refurbishing power substations that service TSAM and other surrounding industries, to ensure that power reliability remained a priority.
In highlighting the significance of this partnership, Xaba expressed gratitude for TSAM's long-standing presence in eThekwini, which has spanned over five decades.
'We are not taking this relationship lightly. That's why we are committed to accelerating current infrastructure projects by shortening lead times for construction and repair work,' he said.
He also affirmed that a dedicated support team, led by the City Manager, will maintain close cooperation with TSAM to swiftly address infrastructure challenges and ensure timely updates on progress.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The best dinner views in town are back at Chefs Warehouse, Tintswalo Atlantic
The best dinner views in town are back at Chefs Warehouse, Tintswalo Atlantic

IOL News

time36 minutes ago

  • IOL News

The best dinner views in town are back at Chefs Warehouse, Tintswalo Atlantic

Floor-to-ceiling glass panels at Chefs Warehouse, Tintswalo Atlantic provides breathtaking vistas of the bay and the Hout Bay Sentinel. Image: Tintswalo Atlantic Chefs Warehouse at Tintswalo Atlantic has reopened with an elegant and refined new look. The transformation includes the integration of the former pergola area into the main restaurant space, creating a seamless, elevated dining environment. A striking new long bar now greets guests at the entrance, serving as a stylish focal point to create a welcoming space to enjoy a cocktail or a nightcap. The revamped layout comprises of distinct dining zones including an exclusive-use private dining room that caters to groups of 12 to 30 guests. While the interiors have evolved, the iconic views remain untouched. Now framed by floor-to-ceiling glass panels it provides breathtaking vistas of the bay and the Hout Bay Sentinel, allowing guests to enjoy dining in all weather conditions. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading Inside the restaurant, plush banquette seating on the side holds an airy space with contemporary wooden tables and comfortable seating. As before, the ocean, mountain, and surrounding fynbos, alongside the acclaimed Chefs Warehouse culinary experience, remain the stars of the show. Interior designer Laurence Holmes drew inspiration from Tintswalo's extraordinary oceanfront setting, using natural tones and textures reminiscent of beach sand, driftwood, and kelp. Organic, pebble-like shapes are echoed in the light fixtures and custom-designed laser-cut panels, which reflect the natural beauty of the boulders and shoreline just steps from the restaurant. Cameron Luke Smith, who took the helm as head chef in 2023, continues to lead the kitchen team with a new 4-course set menu of small plates to share (R1250 per person). Chef Cameron Luke Smith leads the kitchen team at Chefs Warehouse, Tintswalo Atlantic. Image: Tintswalo Atlantic Guests can also opt for a thoughtfully curated wine pairing (R2000 per person). Rooted in Liam Tomlin's signature global tapas concept, the menu emphasizes local, sustainable ingredients, with a plant-based option also available. Every dining experience begins with a complimentary bread course, featuring the iconic Chefs Warehouse brioche and savoury butters, and may conclude with an optional cheese selection or à la carte desserts. Restaurant General Manager Jami de Witt is thrilled to welcome guests back: 'After almost five years of trading in this incredible location, weathering the Cape winter storms and the scorching summer seasons, it was time for a refresh. Few places in the world offer dining this close to the crashing waves of the untamed Atlantic Ocean and we are very excited about the contemporary new look of the restaurant. 'Our new glass-framed space invites guests into a one-of-a-kind, multi-sensory encounter, feeling the sea breeze, watching the sunset, and celebrating the joy of life while indulging in a unique food and wine experience." IOL Lifestyle Get your news on the go, click here to join the IOL News WhatsApp channel.

South Africa's trade offer to the US in response to tariff challenges
South Africa's trade offer to the US in response to tariff challenges

IOL News

time2 hours ago

  • IOL News

South Africa's trade offer to the US in response to tariff challenges

The Minister of Trade, Industry and Competition, Parks Tau has responded to the US 30% imposed tariffs. Image: Independent Media Archives The Department of Trade, Industry and Competition (DTIC) and the Department of Agriculture have confirmed that they will submit a 'generous' revised trade offer to United States reciprocal tariffs imposed on South Africa. The Cabinet has approved a revised trade offer which will be submitted on Tuesday as part of the government's five-point response to the 30% unilateral tariff imposed by the US on SA imports. The government's revised offer is one of five measures responding to the US's unilateral tariff hikes which began last Friday. Addressing the media on Tuesday morning, DTIC and Agriculture ministers Parks Tau and John Steenhuisen respectively, also unveiled that they had assembled a high-level team comprising the presidency and the two departments to spearhead the tariff negotiations with the US. However, both also said South Africa was seeking trade agreements beyond the US. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ They also revealed that Washington additionally requested South Africa to lower tariffs, aligning with the European Union (EU) trade regime as outlined in the SADC-EU Economic Partnership Agreement. While Steenhuisen could not fully explain the offer's contents, he described the revised proposal as "broad, generous, and open," meeting the desired ambition criteria. "This is a broad, generous and open offer ... and I think if one would look at the trade and tariff perspective I think this offer represents something that would be good for the United States and also good for South Africa," Steenhuisen said. He said he hopes the US will accept the offer in a good gesture . 'We have to navigate the seas that are in front of us and this is perhaps a new way that things are going to go forward and I think we must do what we can to improve relations with the US and retain access to their markets. 'I think it's in their interests to have a good relationship with the most industrialised and largest economy in the continent,' Steenhuisen said. The two ministers, however, stressed the importance for the country to look beyond the US and explore other markets globally. 'We must make sure we don't put all our eggs in one basket and we look for other markets like China, Japan, the Middle East and so on. 'These are huge opportunities that remain untapped for us as South Africa and perhaps this crossroads that we are at now with this tariffs situation is more of an incentive to move more determinedly towards securing these new markets for South Africa's goods,' Steenhuisen said. Tau concurred with Steenhuisen, saying that South Africa had diversified at this point, and the entire Cabinet was involved in this diversification process. 'Part of our reality is that we have to invoke all members of the national executive to be part of the pool of people and we would be able to provide the necessary support behind that pool of people. "We are committed to strengthening our relationships, particularly under the AfCFTA, to build regional resilience," said Tau. "We will also continue the work we have started with our European partners towards enhancing our trade and investment relations in a manner that unlocks sustainable growth and development and entrenches South Africa in new supply-chains,' he said. The ministers said they have put together a high-level team from Agriculture that will be led by the Presidency to go and engage the US on a number of trade issues. Tau said he was engaging with the department of Mineral Resources and Petroleum to also be more involved. The government's response to the US tariffs is anchored on five key elements which are to secure a deal and reduce tariffs, to alternate markets, and foster an economic response package to vulnerable companies and workers. Others include a trade defense against import surge and dumping while they demand side interventions to leverage buying power by local consumers, private sector, and government.

Jennifer Reddy's inspiring journey to becoming CEO of the Year 2025 at the AWCA Women of Substance Awards
Jennifer Reddy's inspiring journey to becoming CEO of the Year 2025 at the AWCA Women of Substance Awards

IOL News

time3 hours ago

  • IOL News

Jennifer Reddy's inspiring journey to becoming CEO of the Year 2025 at the AWCA Women of Substance Awards

Post-ceremony, Jennifer Reddy beams with pride as she holds the Private Sector - CEO of the Year 2025 award, a testament to her commitment to leadership and empowerment in the financial sector at the AWCA Women of Substance Awards. Image: Supplied Jennifer Reddy, chief executive officer of Morar Incorporated, has been awarded the Private Sector - CEO of the Year 2025 at the African Women Chartered Accountants (AWCA) of South Africa's Women of Substance Awards. This prestigious recognition honours women who demonstrate outstanding leadership, influence, and impact in the financial and corporate sectors across the continent. Appointed as CEO of Morar Incorporated in 2022, Reddy leads the firm's national operations across ten offices. Speaking after receiving the award, Reddy said she did not anticipate receiving it so soon in her career. 'I am deeply honoured. My focus has always been on leading with integrity, driving growth, and empowering others.' Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ This recognition is a humbling affirmation that those efforts are making a meaningful impact, she said. 'Winning this award is incredibly motivating. It validates not only my personal journey but also the collective hard work of everyone at Morar Incorporated. It inspires me to continue pushing boundaries and supporting emerging leaders, especially women, in the profession.' Reddy attributes the key to her success to her resilience, clear vision, and commitment to continuous learning. She champions authentic leadership, cultivating a culture rich in innovation and collaboration. 'Surrounding myself with talented people and prioritising mentorship has also been vital to our collective growth. Above all, my faith in God has been my guiding strength through every challenge and decision.' Reddy expressed her ambition to expand Morar's national and international footprint while enhancing the company's impact through innovation and client-centric solutions. 'I'm also passionate about creating more opportunities for women and emerging leaders to thrive in the financial services industry.' She added that leadership is not just about titles or accolades; it's about creating positive change and inspiring those around you. 'I am grateful for the journey so far and excited about what lies ahead. To anyone facing challenges, remember: within every crisis lies an opportunity.' Reddy encourages other CEOs to fiercely believe in their vision and lead unapologetically. 'Don't wait for permission to step into leadership, own your space and lift others as you rise. Your authentic voice is your greatest asset, and together, we can break barriers and redefine leadership.' Announcing the achievement of its CEO, Morar, which was recognised as one of the KZN Top 20 Businesses last year, stated that the company is 'proud' of Reddy, as under her direction, the proudly black-owned Level 1 BBBEE professional services chartered accountancy and consulting firm has cemented its reputation as a leader in innovative and client-centric financial solutions. With nearly 20 years in the financial services industry, Reddy has held multiple leadership roles and played a pivotal part in expanding the firm's advisory, audit, tax, and forensic capabilities. She holds a CA(SA), RA, MBA (GIBS), and CFE, and has been internationally recognised for her impact, most recently named 'Top CEO of the Year in Financial Solutions' by the International Association of Top Professionals in 2025, said Morar. Reddy also serves on the Allinial Global EMEIA Board and Africa Steering Committee, advocating for global collaboration and inclusivity. 'Her award not only marks a personal milestone but also highlights the growing influence of inclusive leadership in South Africa's corporate landscape,' said Morar. Speaking at the 2024 KZN Top Business Women Initiative last year, where Morar was the principal sponsor, Reddy said after taking the helm of the firm, she underwent rapid learning and had to contend with daily challenges and pressure. As the leader, she bore the ultimate responsibility for all business challenges, encountering every conceivable obstacle.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store