Latest news with #NuMetro
The South African
12-05-2025
- Entertainment
- The South African
South Africans react to latest Ster-Kinekor cinema closure: It's too expensive!
South Africans were quick to react to the news that Ster-Kinekor had shut its cinema complex at the Gateway Theatre of Shopping in KwaZulu-Natal – suggesting they weren't surprised in the slightest. Ster-Kinekor officially closed its cinema complex in the Durban shopping mall last week, with its final day of operation being Thursday, 8 May. That marked the second closure this year, following the earlier shutting of its Bedford Square complex in Bedfordview, which was later taken over by rival chain Nu Metro. While Nu Metro is also rumoured to be taking over the Gateway location, both companies have declined to confirm the transition. Ster-Kinekor, however, stated the closure was not initiated by the company, suggesting possible disputes with mall management. Following the publishing of the article which quickly went viral, South Africans offered Ster-Kinekor advice as to how they may lure movie-goers in the future. Its the popcorn and coldrink that costs an arm and a leg. Going to the movies these days is like taking a second bond – Luyanda They been ripping off people for years. It's about time they got their dues – Richard It's sad, but there's just no market for cinema anymore – Razeen Unfortunately streaming has it toll on the expensive Ster Kinikor. They should reduce the theater capacity from 5 or theaters to 3 or 2. Ask economical prices on the goods the sell. Maybe the families will turn up more. If I, with my family (3), what to go to whatch a show, its costing me +- R 600, for entrance and good. I can rather now use it more economical – Dawie There are too many shows I haven't watched on Netflix ,Showmax and Disney , going to a Cinema was pointless for me . We are sad that Jobs are lost but also keeping the Theatres running was very costly with no market – Mxolisi Economy is dealing with us. While it was such a pleasure going out to cinema, it became unaffordable. Netflix, Shownax etc have taken and close to nothing to pay for the whole month – PassMash The last I went to cinema was that week loadshedding came back. I went there to pass time and we were only 5 people watching a movie. The prices were very steep. Maybe if they drop prices people will go back to Cinema – Mazisi The quality of movies is not what it used to be. Mostly aminated and DC or Marvel super hero or action hero. No more historical dramas, westerns, war films, musicals and really good comedies or great books made into a film. Most A List actors making movies for TV as so few roles available for them on the big screen. The price of tickets is also too high. R55 on pension Tuesday normal price double that. The arrival of Video Stores killed the Drive in and Netflix, Showmax, Prime are killing the theatres. End of an era – Josie The ANC has created an economy where no one has money to do anything. Therefore everything good is closing down they'll probably open a PEP stores in it's place and call it progress – Kyle The closure is part of a broader restructuring effort announced in 2024, driven by financial strain from South Africa's tough economic climate, load-shedding, and disruptions in Hollywood that delayed key film releases. At the time, the company warned that up to nine cinemas could be shut and 236 staff members retrenched. Following the restructure, only two cinemas were officially closed – Boardwalk in Richards Bay and Greenstone Mall – and 52 staff members, primarily at head office, were retrenched. However, the quiet Gateway and Bedfordview closures suggest further downsizing activity behind the scenes. Despite these challenges, Ster-Kinekor insists it remains focused on growth. The company said it is in advanced discussions to launch three new cinema sites, claiming they could surpass the historic foot traffic seen at Gateway. Ster-Kinekor CEO Mark Sardi previously noted that the company continues to explore alternate models with landlords, including entertainment and educational uses for cinema spaces, in an effort to adapt to shifting market conditions. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
11-05-2025
- Business
- The South African
Ster-Kinekor shuts cinema in major South African shopping mall
Ster-Kinekor has officially shut down its cinema complex at the Gateway Theatre of Shopping in Durban, with its final day of operation on 8 May 2025. This marks the second quiet closure this year, following the earlier closure of its Bedford Square complex in Bedfordview, which was later taken over by rival chain Nu Metro. While Nu Metro is also rumoured to be taking over the Gateway location, both companies have declined to confirm the transition. Ster-Kinekor, however, stated the closure was not initiated by the company, suggesting possible disputes with mall management. 'We part ways with Gateway on good terms and with mutual respect,' a spokesperson told MyBroadband. The closure is part of a broader restructuring effort announced in 2024, driven by financial strain from South Africa's tough economic climate, load-shedding, and disruptions in Hollywood that delayed key film releases. At the time, the company warned that up to nine cinemas could be shut and 236 staff members retrenched. Following the restructure, only two cinemas were officially closed – Boardwalk in Richards Bay and Greenstone Mall – and 52 staff members, primarily at head office, were retrenched. However, the quiet Gateway and Bedfordview closures suggest further downsizing activity behind the scenes. Despite these challenges, Ster-Kinekor insists it remains focused on growth. The company said it is in advanced discussions to launch three new cinema sites, claiming they could surpass the historic foot traffic seen at Gateway. Ster-Kinekor CEO Mark Sardi previously noted that the company continues to explore alternate models with landlords, including entertainment and educational uses for cinema spaces, in an effort to adapt to shifting market conditions. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
IOL News
06-05-2025
- Business
- IOL News
Small moves lead to financial freedom with Nedbank's #YaRonaDanceChallenge
Buli Ndlovu, Executive Head of Marketing for Retail and Business Banking at Nedbank Image: Supplied By incorporating smart saving habits into your everyday life, you can ensure that every move, big or small, counts towards your financial future. To raise awareness about the importance of financial education, Nedbank, in collaboration with TikTok influencer Raizor Steezy, has introduced the #YaRonaDanceChallenge. This challenge not only celebrates the Nedbank Cup but also highlights the value of financial education. It serves as a reminder that financial progress, whether in dance or savings, happens one step at a time. By making smart financial choices and using the right tools, you can build long-term financial stability while still enjoying the things you love. "At Nedbank, we believe in the power of small steps because every rand saved today brings you closer to the financial freedom of tomorrow," says Dr Frank Magwegwe, Financial Wellness Expert at Nedbank. "Through our financial education initiative, we are deeply committed to empowering South Africans with the tools, knowledge, and support they need to take control of their finances." Just like in dance, where every move builds towards a perfect routine, financial success comes from consistency and smart money choices. That's where Nedbank's JustSave and MiGoals Plus Accounts come in. They make it easier to save, redeem rewards, and take charge of your own financial future. Opening a JustSave Account is the first, yet simple and powerful, step to a great savings solution that allows your money to grow effortlessly. The more you save, the more you earn in interest, which helps you reach your goals faster. It's an excellent starting point for anyone looking to build a solid savings foundation. Plus, a JustSave Account comes with the added benefit of zero monthly fees and immediate access to your money whenever you need it. For those looking to save with purpose, having a MiGoals Plus Account is the ideal step. This account lets you set specific savings targets, ensuring you're saving with intention. With competitive interest rates and flexibility, MiGoals Plus helps you stay on track while working towards your goals. Plus, you can enjoy exclusive rewards, including up to 30% off on flights and 50% off on Nu Metro movie tickets and snacks. "At Nedbank, we understand that financial success is a journey, not an overnight achievement. It's about taking the right steps, one move at a time. Much like in dance, where repetition and discipline lead to mastery, small and consistent savings habits pave the way to significant financial rewards," says Buli Ndlovu, Executive Head of Marketing for Retail and Business Banking at Nedbank. So, whether you're stepping up your dance game or your savings game, remember that small steps today lead to big wins tomorrow. Open a JustSave or MiGoals Plus Account today and start moving towards your financial goals, one step at a time. Take the first step towards financial empowerment by joining the challenge! Follow Raizor Steezy's TikTok page, recreate the #YaRonaDanceChallenge today, and stand a chance to win amazing prizes. How to enter: Follow @Nedbank and @RaizorSteezy . Record yourself doing the #YaRonaDanceChallenge. Upload your video on TikTok, Instagram or X using #YaRonaDancChallenge and tag @Nedbank and @Raizor_Steezy. See the challenge here:
