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In a world where investing in the future is paramount, no investment is more crucial than that in early childhood development. Research¹ has shown that the first one thousand days in a child's life could hold the key to unlocking their lifelong potential. By age five, almost 90% of a child's brain is developed, making these formative years pivotal in shaping their future.

Ursula Assis, Country Director, Dibber International Preschools comments.

South Africa's Alarming Literacy Statistic

“Like many nations, South Africa faces the challenge of ensuring quality early education for its youngest citizens. Shockingly, an international report² reveals that 81% of Grade 4 learners in the country cannot read for meaning in any of the official languages. This stark statistic underscores the urgency of addressing early childhood development.

The Impact of Quality Early Education

“Early childhood programmes that are sustained and of high quality can have long-lasting impacts on children. These programmes prepare them for formal schooling and set them on a path to lifelong success.

Benefits include:

Improved Academic Performance: Quality early education lays a solid academic foundation, allowing children to excel in reading, math, and language skills throughout their school years.

Enhanced Social and Emotional Development: These programs focus on building crucial social and emotional skills, such as cooperation, communication, and empathy, which are vital for positive relationships and emotional well-being.

Long-Term Educational Attainment: Children who receive quality early education are more likely to graduate from high school and pursue higher education, leading to better career opportunities and economic stability.

Reduced Special Education Placements: Early childhood education identifies and addresses developmental delays or learning difficulties early on, reducing the need for special education services later in a child's school years.

Economic and Social Benefits: Quality early childhood education programs contribute to a more skilled and productive workforce, lower crime rates, and decreased reliance on social welfare programs, benefiting society as a whole.

A Unique Approach to Nurturing Children's Potential

“Our approach goes beyond traditional education. The Dibber Childhood places an emphasis on not only a child's learning achievements but also their future health, happiness, and growth. Through the Dibber Heart Culture and customised approaches to learning, children become keen explorers who love to learn and develop the competencies needed for everyday life. The emphasis is placed on developing all aspects of a child, from the cognitive and physical to the emotional and social.

“A warm and inclusive atmosphere fostering positive and supportive relationships is also vital in early childhood development. Jack Shonkoff, Director of the Centre on the Developing Child at Harvard, highlights the importance of these relationships, which are the roots that allow all children to thrive. Children need to feel valued, know how to form relationships and understand their role in a greater community and the world.

Everyday Moments are Golden Opportunities

“There is great importance in tiny everyday moments that leave lasting traces, influence relationships, and shape culture, so we strive to make every everyday moment "golden" by actively building trust with the children and nurturing their sense of self-worth.

“Investing in early childhood development not only sets children on a path to success but also contributes to the overall well-being of society.”

Douglas, Isle of Man, October 2023 - The Isle of Man Indaba is proud to announce its fourth bi-annual roadshow, set to take place from 31 October to 8 November 2023, in South Africa. Organised by a collective of Isle of Man companies with an interest in fostering synergies and bolstering ties between South Africa and the Isle of Man, this edition of the roadshow will focus on "Growing tech and intellectual property companies in order to accumulate wealth in the Isle of Man".

Building on the success of previous roadshows, which primarily focused on finance and investment, the upcoming conferences and workshops in Johannesburg, Durban, Cape Town, and George will delve into critical topics, including economic substance, funding South African tech companies, the advantages of choosing the Isle of Man for your tech company, IP management (brands, trademarks) from the Isle of Man, general wealth management, types of corporate vehicles, family governance, succession planning, available advisors, and employment issues.

Distinguished authorities on intellectual property will join the delegation of Isle of Man companies at the roadshow. The keynote speakers include Sara-Jane Pluke of Eversheds in Durban, Stephan Spamer of CDH in Johannesburg, and André Maré of Von Seidels in Cape Town. Isle of Man companies participating in the panel will provide valuable insights into the investment market and recent developments in the country. The panel includes representatives from the Isle of Man government through its agency, Finance Isle of Man; Antony Kelsey from Capital International Group; Alex Toohey from Canaccord Genuity; Basil Bielich and Lyle Krause from Atla Group; Simon Fearnhead from Stonewell; Christopher Kinley from Kinley Legal; Stephen Wilson from Boston Multi Family Office; and Roelf Odendaal.

The events will be held on the following dates and locations:

• 31 October: Mount Edgecombe Country Club, Umhlanga
• 2 November: Seven Villa Hotel & Spa, Sandton
• 6 November: Fancourt, George
• 8 November: The Forum Embassy Hill, Cape Town

Recent media reports by Bloomberg and the BBC highlight a growing interest in the Isle of Man as an ambitious and vibrant economy with a goal of doubling its economy to £10 billion by 2032. The Isle of Man has set its sights on increasing its population to 100,000 by 2027 while creating 5,000 jobs in the process. Addressing the theme of tech and intellectual property, Digital Isle of Man, the government's executive agency, reports that the digital industry has witnessed substantial growth on the Isle of Man, now contributing to 30% of the Island's economy. This sector spans various domains, including eGaming, esports, Fintech, blockchain, IoT, technology, payments, media, and film.

The Isle of Man is recognised as a leading international business centre, celebrated for its innovation, professionalism, and commitment to international initiatives and standards. It is a self-governing crown dependency with its own parliament, laws, and economy, independent of the UK or EU. The country’s economy is growing and has a Moody’s government rating of Aa3. This rating indicates the Island’s high level of wealth and economic resilience. Moody’s comment: “The IoM’s economy is more diversified than are most entities of its size, having moved away from a reliance on offshore banking towards information and communication technology (ICT), insurance and e-gaming.” 

Roelf Odendaal, representing one of the participating Isle of Man companies, expressed excitement about the upcoming roadshow and the success of past Indabas. He highlighted the expansion of the event to include the Eastern Cape with a stop in George, inviting interested parties across the Garden Route and surrounding regions to attend. This marks the second roadshow in 2023, showcasing the commitment of both South African and Isle of Man companies to fostering fruitful collaborations. “This Indaba will be of particular interest to tech companies wishing to take their products international, tech entrepreneurs wishing to understand how to establish a tech company globally, individuals and companies who wish to register trademarks and intellectual property internationally, and individuals who want to secure their wealth outside of South Africa.”

The Isle of Man Indaba is a testament to the commitment of Isle of Man companies to promoting economic growth, collaboration, and investment opportunities between South Africa and the Isle of Man. Don't miss this opportunity to gain valuable insights into tech, intellectual property, and wealth creation. Register now to secure your place at this prestigious event.

For more information, registration, and updates about the Isle of Man Indaba, please visit https://iom-za.org/.

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Media contact
Vanessa Naude
Strategic Public Relations
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About Isle of Man Indaba

The Isle of Man Indaba is a bi-annual roadshow organised by a collective of Isle of Man companies with the aim of strengthening economic ties and promoting synergies between South Africa and the Isle of Man. Each roadshow focuses on key themes and topics relevant to both regions, offering a platform for knowledge exchange, networking, and collaboration. For more information, please visit https://iom-za.org/.

Johannesburg, 28th September 2023 - Angela Yeung, the visionary founder of the Impilo Collection Foundation and the ambassador of brand South Africa – play your part, has achieved a remarkable feat by summiting Manaslu at 8,136 meters. Angela's triumphant ascent took place on Monday, September 25th, 2023, at 6:50 am Nepal time, marking a historic moment in her daring expedition. This achievement surpasses her previous triumph on the Island Peak at 6,200 meters last year.

Manaslu, known as the "mountain of the spirit," stands as the eighth-highest peak globally, nestled within Nepal's majestic Himalayas. The mountain's name is rooted in the Sanskrit term "manasa," signifying "intellect" or "soul."

The driving force behind Angela's ascent is a compelling mission - to spotlight and combat the harrowing issue of gender-based violence (GBV). Angela's daring expedition aims to channel funds towards an educational sanctuary that will empower and uplift young women who have faced the brunt of GBV.

"Angela declares, "We face a mountain to climb, one that symbolizes the path to women's empowerment through education. This journey is the stepping stone to independence and self-reliance."

Partnering with The Sherpa Legends, including the illustrious Mingma Chhiri Sherpa, who has conquered Everest six times and Manaslu thrice, Angela sought to leverage her climb's impact and inspire change.

Impilo Collection Foundation has already demonstrated its prowess in addressing GBV through its #EmpowerHer campaign, a testament to its dedication. The campaign's impactful display of 6,200 bras at Johannesburg's Constitution Hill and subsequent distribution to GBV shelters during International Women’s Month 2022 has left a lasting impact.

Intriguingly, the collection of 8,848 bras - representing the height of Mount Everest - is a novel pursuit of social warriors who stand resolute against GBV.

Angela's philanthropic accomplishments are noteworthy, with this marking her fourth fundraising climb. Her vision transcends personal achievements, aiming to establish an annual drive for essentials like bras and sanitary pads. Collaborating with fellow mountaineers, Angela endeavors to cast awareness amidst the clouds.

The ascent is scheduled from September 1st to October 5th, held in collaboration with esteemed international brands such as Cathay Pacific, GoPro, Sisley Paris, and Zara Wellness. A thrilling revelation is Angela's plan to carry their logos and the South African flag to the summit of Manaslu, elevating them beyond the reach of ordinary planes.

Most notably, Angela's determination and courage could lead to a historic achievement. Should Angela summit at the highest point on Manaslu, she will become the first woman from South Africa to achieve this feat. In recent times, many climbers have chosen to ascend only after the confirmation of the summit by the renowned Mingma G.

Angela's unwavering dedication is evident, having invested 630 hours in rigorous training and traversed a staggering 540 kilometres in preparation for the climb. While Angela has already injected substantial funding, the centre’s construction necessitates further contributions.

Angela emphasizes, "Our quest for an anti-GBV education centre demands the collective efforts of supporters, followers, climbers, and allies. Together, we will make this vision a reality."

Generous benefactors will be commemorated with a keepsake symbolizing the metaphorical mountains scaled together.

Donations can be made at https://www.givengain.com/ap/angela-yeung-raising-funds-for-impilo-collection-foundation-63526/#updates.

Stay connected and join Angela's journey on Facebook and Instagram https://www.instagram.com/impilo

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About Impilo Collection Foundation:

Impilo Collection Foundation is a philanthropic organization dedicated to supporting humanity through awareness #EmpowerHer #EmpowerHim and #EmpowerThem campaigns, fundraising events, and community engagement.

With a commitment to effecting positive change through education and the foundation endeavours to create a world free from violence.

By Pieter Nienaber (Compliance Africa at Crown Records Management South Africa)

Crown Records Management, a global leader in information management, proudly marked the recent National Recycling Day by underlining its commitment to helping businesses embrace digitisation and reduce their reliance on paper-based records. With over 30 years of experience in the field, Crown Records Management has become synonymous with document storage, document digitisation, secure disposal, and document shredding services that empower organisations to manage their corporate memory efficiently.

The business landscape is a fast-paced, data-driven world today. One where efficient records management is a fundamental requirement for businesses of all sizes. As we continue our journey into the digital age, where information flows seamlessly, and remote work becomes increasingly prevalent, it's crucial for organisations to adopt practices that not only enhance efficiency but also align with environmental sustainability. Let’s explore the environmental benefits of digitising company records and how this shift can make a significant impact on our planet.

Reducing Paper Usage

One of the most obvious environmental advantages of digitising company records is the substantial reduction in paper consumption. Traditional record-keeping often involves printing countless documents, resulting in significant paper waste. By going digital, companies can dramatically decrease their reliance on paper, conserving trees and reducing the carbon footprint associated with paper production.

Minimising Energy Consumption

Storing physical records in expansive filing systems or off-site storage facilities consumes considerable energy for climate control and lighting. In contrast, digital records require minimal physical space and energy for storage. Cloud-based solutions and energy-efficient data centres further reduce the environmental impact of digital record-keeping.

Cutting Transportation Emissions

Physical records often necessitate transportation for filing, retrieval, and secure destruction. These transportation activities contribute to greenhouse gas emissions. By digitising records and implementing secure, remote access systems, companies can significantly reduce the need for physical record transportation, thereby lowering their carbon footprint.

Enhancing Recycling Opportunities

While the move to digital reduces the need for paper, it also opens up opportunities for recycling and responsible disposal of outdated electronic equipment. Proper recycling practices for old laptops, scanners, and other electronic devices can prevent harmful e-waste from ending up in landfills and promote the reuse of valuable materials.

Supporting Remote Work and Reduced Commuting

The COVID-19 pandemic accelerated the adoption of remote work, reducing the need for employees to commute to offices daily. Digitised records enable remote access, further encouraging this eco-friendly trend. Less commuting means fewer carbon emissions from vehicles, leading to cleaner air and a reduced environmental footprint.

Promoting a Culture of Sustainability

Going digital with records management isn’t just about environmental benefits; it’s also a step toward fostering a culture of sustainability within your organisation. By leading the way in sustainable practices, businesses can inspire employees, clients, and partners to embrace eco-friendly initiatives, both in and out of the workplace.

Most companies are mindful that managing information effectively is valuable, but it can also be a costly headache. Fuelled by the exponential growth of data, advances in technology, changes in regulation, cost efficiency drives, risk management and the need for competitive advantage, staying in control of ever-growing information is impossible without help. Similarly, while the knowledge and experience locked in company archives is an asset that can underpin core business, extracting value from this asset can appear complex and daunting.

Crown Records Management boasts a rich legacy of serving over 20,000 clients worldwide across 40 industry sectors. With a remarkable storage capacity of 33.2 million cubic feet and 24.7 million cartons stored globally, the company is dedicated to safeguarding the invaluable information that fuels businesses. What sets Crown Records Management apart is its unwavering focus on providing local solutions, with 98% of its business being locally procured and contracted.

The environmental advantages of digitising company records are significant and cannot be overlooked. Beyond the clear operational benefits, such as improved efficiency and accessibility, companies that make the transition to digital records also play a role in reducing their environmental impact. By minimising paper usage, cutting energy consumption, reducing transportation emissions, and supporting remote work, organisations can contribute to a more sustainable future while reaping the rewards of streamlined, eco-conscious records management.

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For more information about Crown Records Management and its comprehensive information management solutions, please visit their website.

or

Get social by following Crown Records Management on:

• Facebook: https://www.facebook.com/CrownRecordsManagement
• LinkedIn: https://www.linkedin.com/company/crown-records-management/

 

DISTRIBUTED ON BEHALF OF CROWN RECORDS MANAGEMENT by ANGELFISH PR & EVENTS.
All media queries can be directed to Annie Hodes on This email address is being protected from spambots. You need JavaScript enabled to view it. 

ABOUT CROWN RECORDS MANAGEMENT

Crown Records Management is the corporate information management business of Crown Worldwide, serving large and small corporations around the world.

As an established global player, Crown Records Management is well positioned to help organizations meet the challenges of good information management in a fast-changing world. Its combination of facilities, knowledge and insight into the opportunities of effective records management can bring order to a complex environment and create advantage.

The company manages over 20,000,000 cubic feet of business records and has grown to become the number one private company in this field. Its services include:

• Business information storage
• Imaging, data conversion & data hosting
• Escrow services and destruction services

• In its new report, ‘A turning point for offshore wind’, Allianz Commercial highlights growth opportunities, tech innovations, risk trends, and loss patterns for the global industry.
• Damage to cables is the top cause of insurance claims, followed by turbine failure.
• Speed of build-out is creating pressure on materials and supply chains, port infrastructure, and available construction and maintenance vessels.
• Bigger turbines and new technology drive bigger exposures for insurers which need to be understood in partnership with developers.
• Weather and natural catastrophe risks are increasing as sector expands into new territories.

Munich, 21 September 2023

The potential of offshore wind as a viable source of clean power for the energy transition is indisputable. Investment in the sector is growing rapidly around the world, the power capacity of installations is ramping up, and technological innovations are proliferating – from multi-purpose windfarms and floating installations to next-generation connectivity and drone-based maintenance. Developers and their insurers need to manage a range of risks to successfully scale offshore wind globally, among them prototypical technology, economic pressures, more extreme weather conditions, cable damage, and collision perils, as well as environmental concerns.

In its new report, A turning point for offshore wind, Allianz Commercial, as a leading insurer of renewable energy and low-carbon technology solutions, highlights growth opportunities, tech innovations, risk trends, and loss patterns for the offshore wind industry as the sector prepares for global growth.

“Offshore wind farms are highly complex projects,” says Anthony Vassallo, Global Head of Natural Resources, Allianz Commercial. “The lessons learned from past losses – which are primarily damage to cables and turbines – are essential for the industry to continue to grow sustainably. Emerging risks need to be explored, too, as developers prepare for widescale deployment of offshore wind around the globe. The size of turbines is ever increasing, wind farms are moving further out into harsher marine environments where they are more exposed to extreme weather, and technological innovation is constantly progressing. Navigating biodiversity issues in coastal communities will also become more important as demand for ocean space is set to increase fivefold by 2050.”

China has overtaken Europe as biggest market

More than 99% of the total global offshore wind installation is in Europe and Asia-Pacific today, but the US is investing heavily in this sector and China has overtaken Europe as the world’s biggest market, with half of the world’s offshore wind installations in 2023 expected to be in the country. In 2022, 8.8GW of new offshore wind capacity was added to the grid with global installed capacity reaching 64.3GW. Around 380GW of offshore capacity is expected to be added across 32 markets over the next 10 years. While no offshore wind farms exist in Africa and the Middle East at present, several countries such as Morocco, Egypt, South Africa, and Kenya are exploring the potential to harness offshore wind into their energy mixes. South Africa’s high demand for energy, advanced infrastructure and progressive policies have positioned it as a key player in the continent’s renewable energy scene, with potential for offshore wind projects along its vast coastline, according to the Global Wind Energy Council.

While growth ambitions are huge, all is not plain sailing for developers, according to the report. Spiraling costs have halted major wind projects recently and the industry is impacted by inflation, capital expenses, rising interest rates, and geopolitical instability. The cost of materials and vessel hire have risen, while the supply of materials and access to contractors remains challenging. Supply chain bottlenecks, lengthy permitting procedures and delays to grid connections are also exerting pressure.

“The scale and scope of the global offshore wind roll-out is epic. It requires the expansion of manufacturing footprint, port facilities, and infrastructure. And it needs to be fast-tracked by all stakeholders in a joint effort – financial institutions, corporates, and governments,” says Adam Reed, Global Leader Offshore Renewables and Upstream Energy, Allianz Commercial.

Cables top cause of claims

Both the energy sector and the insurance industry have considerable expertise when it comes to managing the perils of offshore wind activities. In one of its largest offshore wind insurance markets, Germany and Central Eastern Europe, Allianz Commercial has seen 53% of offshore wind claims by value from 2014 to 2020 relate to cable damage, followed by turbine failure as the second major cause (20%). From the loss of entire cables during transport to the bending of cables during installation, cable losses have incurred multi-million-dollar losses in offshore wind as cable failure can potentially put a whole network of turbines out of commission.

“Cable risk is critical and therefore the quality of service is vital. Contractors need to provide assurance they havethe required expertise to remedy incidents and that they can source replacement components quickly in order to contain losses incurred during downtime,” explains Reed. “From an underwriting perspective, with subsea cabling work insurers pay close attention to the type of cabling used, the kind of vessels involved, the communication between client and contractor, and how often qualified risk engineers will make site visits to oversee proceedings.”

Tech innovations breaking the mold

The sector has to carefully manage the deployment of emerging technologies at scale. Novel approaches include so-called ‘energy islands’ which share power between grids and nations and multi-purpose wind farms that produce green hydrogen or house battery storage facilities. Pilot projects such as the Offshore Logistics Drones from German utility company EnBW explore the deployment of drones for the maintenance and repairs of turbines, reducing the reliance on helicopters and humans. While most offshore wind power is currently ‘fixed-bottom’, the development of leading-edge floating wind technologies in deeper ocean waters is poised for commercialization.

Managing the increasing size of wind turbines is another key challenge. In the last 20 years they have nearly quadrupled in height – from around 70m to 260m – almost three times taller than the Statue of Liberty in New York. Rotor diameters have increased fivefold in the past 30 years. Wind turbines with capacities of 8 or 9MW are common, but newer models reach 14 to 18MW with a wind farm project in Australia recently announcing plans to use 20MW turbines.

“With new technological approaches and an increase in turbine size comes a corresponding increase in risk. We are closely monitoring the many innovations in the offshore wind industry which include prototypical technologies, pilot projects, and evolving standardization. These new and unproven technologies often come with a lack of technical maturity and data available. By partnering with clients in the early stages of projects, and exchanging knowledge and learnings, all parties will gain a greater understanding of the exposures involved,” says Dr Wei Zhang, Senior Risk Consultant, Natural Resources, Allianz Commercial.

Availability of specialist vessels and collision incidents also pose challenges

Another pressing problem identified in the report is the availability of specialist vessels. A bigger fleet globally is needed that goes beyond Europe as a current primary location including installation, jack-up and support vessels. Meanwhile, vessel collision with turbines and offshore infrastructure can also result in significant losses, with an uptick in incidents seen in recent years, the report also notes. Although, to date, these have typically involved smaller vessels, often as a result of human error, there have also been a number of incidents involving larger vessels, an increasing concern given 2,500 wind turbines are due to be installed in the North Sea alone before 2030.

Navigating harsher environments

Although the offshore sector in Europe has significant expertise in managing operations in hazardous marine environments, as it expands around the world, there will be new developments further from shore in territories prone to different types of weather conditions and natural catastrophes. “On the East Coast of the United States or Taiwan, for example, wind speeds and wave action will be much more significant. It remains to be seen whether climate change will heighten the risk, as rising sea surface temperatures can intensify the strength of hurricanes,” explains Reed.

Despite its invaluable contribution to the net-zero transition, the offshore wind industry needs to be mindful of responsible development and environmental stewardship, the Allianz report points out. This includes managing its impact on biodiversity and marine wildlife or the sourcing of required raw materials such as rare earth elements or lithium.

Allianz is supporting some of the most exciting offshore developments, whether as an investor or insurer. In its recently launched Net-Zero Transition Plan, Allianz Commercial committed to a revenue growth of 150% for renewable energy and low-carbon technology by 2030. In addition, Allianz committed to €20 billion in additional investments for climate and clean-tech solutions. As an investor, the company is contributing to about 100 wind farm and green energy projects such as Hollandse Kust Zuid in the Netherlands, He Dreiht (Germany), or NeuConnect (UK/Germany). Allianz Commercial provides insurance coverage solutions across all stages of offshore wind development, construction and operations and is the insurer of many developments, among them Revolution Wind (US), Dogger Bank Wind Farm (UK), NeuConnect (UK/Germany) and Jeonnam 1 (South Korea).

For further information please contact:

About Allianz Commercial

Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or Hollywood film productions. Powered by the employees, financial strength, and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust on us for providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either though our own teams or the Allianz Group network and partners. In 2022, the integrated business of Allianz Commercial generated more than €19 billion gross premium globally.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.

Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update
Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.

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Growthpoint Properties Limited (JSE: GRT) delivered a 1.3% increase in both dividend per share (DPS) and distributable income per share (DIPS) to 130.1 cents and 157.6 cents respectively for the 30 June 2023 financial year. Group property assets grew 5.3% to R179.8bn and foreign currency dividend income increased 7.6% to R1.6bn.

Norbert Sasse, Group CEO of Growthpoint Properties, comments, “Growthpoint did well to deliver a stable performance in line with expectations. We successfully achieved our planned outcomes in a year that was tougher than ever, reflecting the strength and diversification of our business and our quality earnings.”

Sasse notes that excellent results from the V&A Waterfront made the greatest increase in contribution to this solid set of results. In contrast, rising finance costs, particularly impacting Growthpoint’s South Africa and Australian businesses, presented the most significant downside.

Growthpoint creates space to thrive with innovative and sustainable property solutions in environmentally friendly buildings while improving the social and material wellbeing of individuals and communities. It is an international property company invested in real estate in South Africa, across Africa, Australia, Poland, Romania and the United Kingdom, and the largest South African, JSE primary listed REIT. Growthpoint is a FTSE/JSE Top 40 Index company, a constituent of the FTSE EPRA/NAREIT Emerging Index, and has a long-standing inclusion in the FTSE4Good Emerging Index and the FTSE/JSE Responsible Index. This year, it became a participant of the United Nations Global Compact.

Growthpoint remains focused on a strong balance sheet and the consistent application of conservative financial management in adherence with rigid treasury policies and balance sheet metrics. Its balance sheet strength and liquidity enable it to pursue its three key goals: international expansion, optimising its South African portfolio and increasing revenue from Growthpoint Investment Partners' managed assets.

In line with its steady performance, Growthpoint kept its dividend payout ratio at 82.5%, consistent with its last financial year. It retained R938.5m before tax to fund capital expenditure and developments together with the proceeds from property disposals.

Its conservative group SA REIT loan to value (LTV) ratio was 40.1% with a solid interest cover ratio (ICR) of 2.9 times. Growthpoint refinanced its USD425m Eurobond which matured in May 2023 with longer tenure EUR debt facilities in a challenging market, extending the average term of its debt book to 3.5 years. It also secured long-dated bonds through private placements with the International Finance Corporation (IFC) and other debt investors at attractive margins. Growthpoint has good liquidity with R1.7bn cash on its SA balance sheet and R6.6bn in SA unutilised committed debt facilities. In a rising interest rate environment, 77.7% of its debt book is hedged. Domestic finance costs, including finance costs and income received on interest rate swaps, increased by R215.0m for FY23.

Growthpoint continued the incremental growth of its strategic international investments with 45.8% of property assets by book value located offshore and 29.1% of DIPS earned offshore for FY23. It owns 58 office and industrial properties in Australia valued at R61.8bn through a 63.7% shareholding in GOZ and five community shopping centres in the UK valued at R8.5bn through a 62.4% investment in LSE- and JSE-listed Capital & Regional (C&R). Through its 29.5% investment in LSE AIM-listed Globalworth Real Estate Investments (GWI), Growthpoint owns an interest in 72 office and industrial properties valued at R59.1bn in Romania and Poland. Its effective share is R17.4bn. It reinvested the December 2022 dividends paid by C&R and GWI, and the June 2023 dividends declared will be reinvested post-period.

Strong performance from GOZ delivered a 2.9% increase in AUD distribution growth to AUD21.4cps supported by once-off income from the early termination of two leases, which was offset by withholding tax increasing from 9.9% to 12.8%. GOZ’s AUD funds from operations (FFO) decreased by 3.2% mainly as a result of higher finance costs. GOZ has gearing of 37.2% and AUD300.0m of undrawn debt, 70.5% of its debt fixed and its debt book has average term of 3.4 years.

All GOZ’s portfolio metrics are robust: it is 96.6% occupied by gross lettable area (GLA), with 95% of the portfolio leased to the government, listed and large organisations. While the impact of working trends on the office sector is less pronounced in Australia than in South Africa and Eastern Europe, the sector is underperforming. GOZ has 65% of its portfolio by value exposed to the office market. Australia’s illiquid direct property market limited the growth of GOZ’s Fortius Fund Management, which has AUD1.8bn of third-party funds under management.

“GOZ’s strong capital structure, prudent gearing, high-quality office tenant base and strong industrial property market position it solidly in a higher interest rate environment,” says Sasse. Due to the impact of high interest rates for a full year, GOZ has guided a 9.8% reduction in distribution per share to AUD19.3c and FFO per share of between AUD22.5c to AUD 23.1c in FY24.

GWI yielded a resilient performance with a 7.4% increase in dividend per share. Increased inflation underpinned rental increases. With global challenges impacting office markets in particular, signs of pressure were evident in vacancy rates and leasing incentives, and portfolio valuations decreased 2.5% with Bucharest and Warsaw performing better than the regional cities in Poland. GWI has gearing of 42.7% with no material debt maturity until March 2025. Most of GWI’s funding is fixed and in the debt capital markets, limiting interest rate exposure.

GWI achieved good letting however vacancies increased to 14.5%. It continued its development focus on logistics facilities in Romania, delivering 60,800sqm of logistics and light industrial facilities, and has two small-unit logistics facilities under construction of 13,300sqm. In Poland, it is refurbishing two mixed-use properties of 74,900sqm.

“GWI is showing stability and has a prudent financial position, although challenging market conditions mean a more uncertain outlook and slower growth expectations. We continue to evaluate options to maximise the value of this investment,” notes Sasse.

C&R had a good year operationally with robust metrics driven by its community-focused needs-based retail strategy. It significantly increased its dividend from GBP2.75 pence per share (pps) to GBP5.5pps totalling a R103.6m for Growthpoint. After significant write downs to valuations in recent years, valuations have stabilised and improved by 2.1% in the last six months to FY23. Its LTV ratio increased to 42.0%. C&R’s exposure to interest rates is limited with 98% of its debt fixed.

It invested GBP12.9m in value-adding projects that will produce a yield on cost of between 8% and 9%. Post-period it completed the GBP40m acquisition of The Gyle Shopping Centre in Edinburgh in an earnings-enhancing transaction, even though the equity raised to fund the transaction was at a discount to NAV.

“C&R is showing pleasing balance sheet stability and operational resilience,” Sasse says.

Good letting of a substantial 1.2m square metres in Growthpoint’s SA portfolio reduced vacancies overall to 9.4%. Its SA property values increased 1.2% to R70.5bn, signifying greater stability and a more positive market view on future rental growth rates. Renewal rental growth rates remained negative at -12.9% versus -12.8% for FY22. Credit metrics improved and arrears reduced to R165.4m from R195.3m at FY22.

Growthpoint owns and manages a diversified core portfolio of 362 retail, office, and industrial properties across SA. It manages these assets to optimise their value over the long term but also seeks to sell non-core assets and recycle capital to rebalance its portfolio towards higher growth sectors and regions, specifically industrial assets and the Western Cape (WC) region. It sold 29 non-strategic properties for R1.5bn during the year, making a profit on book value of R107.8m. Growthpoint has sold 142 properties for R11.2bn in SA since 1 July 2016.

Growthpoint’s total expense ratio for its SA business increased from 33.5% to 35.5%, with continued above-inflation hikes in municipal rates and taxes, plus rising utilities costs and diesel for backup electricity for its tenants as a result of the extensive loadshedding. Its diesel spend was R140.0m versus R15.4m in FY22, of which 41.7% of this was recovered.

Growthpoint’s strongest and most active sector was its industrial property portfolio. All its industrial property metrics were positive, except for renewal growth as longer leases continued to revert to market. Improved letting saw vacancies reduce significantly from 5.7% to 3.7%, and in WC and KwaZulu-Natal (KZN) vacancies were a low 3.3% and 0.8% respectively. Positive key metrics drove up the industrial portfolio value by 3.0%. Taking advantage of the demand to own industrial properties, Growthpoint sold 20 non-core smaller assets to owner-occupiers and private investors. It acquired one fully let property in Hammarsdale, KZN, and commenced four industrial developments in the WC, Gauteng and KZN.

The 2.3% increase in retail property portfolio valuations shows the improved trading conditions for most of the year driving improved metrics. The retail property portfolio reflected a steady low core vacancy of 3.1%. Trading density growth, which was stronger in the first half of FY23 at 8.6% slowed to 6.2% in the second half as a result of loadshedding disrupting trading, interest rate increases and the weaker economy putting pressure on consumer spending. While leases continued to revert negatively and rental escalations on renewal remained under pressure, this began improving towards year end. Upgrades and expansions are underway at Bayside Mall, Beacon Bay Retail Park, River Square and Vaal Mall.

The office property portfolio vacancies reduced to 19.2% after peaking at 22.4% in March 2022. In KZN vacancies were 1.7% (FY22: 7.7%) and 7.7% (FY22: 13.6%) in the WC showing the return of positive property fundamentals in these regions. In Gauteng, vacancies in Illovo halved from 45% to 22% and should reduce below 10% in FY24. Letting continues in Sandton, where many large users are back at the office more frequently leading to increased occupancies, but businesses are still consolidating and reducing space. The node represents 21.9% of the Growthpoint’s office GLA and is 28.7% vacant. Higher occupancy and improved metrics saw office valuations increase by 3.2% in both WC and KZN, but decrease by 2.7% in Gauteng, taking the total valuation to -0.9%. Adding more amenities to its offices, it completed the refurbishment of The Place at 1 Sandton Drive. Meeting the demand for hotels in WC at its Longkloof precinct, Growthpoint is developing the 150-room Hilton Canopy Hotel set for completion in October 2024.

Growthpoint’s in-house trading and development division develops assets for its own balance sheet and generates development fees from third-party developments as well as trading profits. The contribution to distributable income from trading and development was R80.0m for the period.

Growthpoint invested R1.9bn of development and capital expenditure in FY23, with commitments of R1.8bn for FY24.

Growthpoint aims for excellent environmental, social and governance (ESG) performance. This year, it furthered its solar energy strategy to help its tenants avoid the impacts of loadshedding and to pursue its environmental commitments and carbon neutral 2050 target. Over the approximately 15 years since loadshedding began in SA, Growthpoint has evolved and improved its response, first with generators, then focusing on solar power and now an optimal mix of clean energy and backup sources.

Growthpoint more than doubled its installed renewable energy generation to 27.32MWp during the year with a total investment of R395m in solar plants since FY21. It has targeted 40MWp of solar power generation capacity by the end of FY24. Growthpoint’s energy management ensures that its properties are well backed up to sustain tenant businesses.

“Our SA business is soundly positioned with a strong balance sheet and liquidity. Encouraging improvements are being led by the industrial and retail portfolios and our offices in WC and KZN. Our focus remains on optimising our SA portfolio, including lowering our exposure to offices and non-performing nodes in Gauteng while reducing reliance on the national electricity grid and fossil fuels,” says Sasse.

The iconic V&A Waterfront, Cape Town, in which Growthpoint has a 50% interest with its share of property assets valued at R10.1bn, delivered outstanding performance driven by the return of tourism and events to its market. This boosted net property income 20% higher than FY22 and 11.2% above FY19, while footfalls increased 28% recovering to 90% of FY19 numbers. The strategy of guaranteeing that all retail, restaurants and hotels were able to trade normally through the 325 days of loadshedding has paid off, delivering a significantly improved performance, albeit at a R36m diesel cost. Vacancies across the precinct were a low 0.4%.

Retail sales increased by 39% and trading densities increased by 48%, with retail vacancies a mere 0.2%. Alfred Mall reopened in December 2022 and is trading well. Hotels at the V&A had an exceptional year, with net property income increasing by 39%. Occupancy levels grew by 56%, the average daily rate by 42% and room revenue climbed 122%. Residential-to-let vacancies improved from 17.8% at FY22 to 2.3%.

Demand for V&A offices is strong, with vacancies at 0.2%. The new 10,500sqm office for Investec is on schedule for completion in November 2023, and a 6,600sqm office conversion in the cruise terminal is underway for completion in FY24. In the marine and industrial sector, moorings performed excellently, up 9%, and the cruise season saw 185,000 passengers and crew welcomed at Cape Town Cruise Terminal.

“Having virtually no vacancies and strong demand across the board bodes well for future rental growth at the V&A, which expects high single-digit income growth for the year ahead,” says Sasse.

Growthpoint Investment Partners increased its asset management fees by 44% to R98m. It ended the year with R17.9bn of assets under management (AUM) and attracted capital from top-quality co-investors as it grew towards its goal of R30bn AUM by the end of FY27. Growthpoint’s capital-efficient alternative real estate co-investment platform includes three funds that are distinct from Growthpoint’s retail, office and industrial core assets. They are well-suited for social impact investment in alternative real estate sectors that inherently contribute to societal good.

Growthpoint Healthcare Property Holdings (GHPH) delivered DPS growth of 8.2% and attracted a R500m investment from the Namibian Government Institutions Pension Fund (GIPF Namibia) in November 2022 reducing Growthpoint’s shareholding to 39.1% and dividend income to R121m (FY22: R143m). It also sold 15% of its management company to Kagiso in February 2023. GHPH has a property portfolio valued at R3.7bn and has raised R2.8bn of capital since inception. It acquired its first logistics asset in the period and had the R340m of debt funding available from the IFC for two healthcare development projects in KwaZulu-Natal, and the R106.4m acquisition of the Johannesburg Eye Hospital in Northcliff recently approved by the Competition Commission.

Growthpoint Student Accommodation Holdings (GSAH), in which Growthpoint has a 14.3% holding, declared a dividend of 92.52cps for FY23 with dividend income for Growthpoint of R22m (FY22: R17m) for its first full year of operation. GSAH increased its portfolio value to R2.7bn, attracted a R250m investment from GIPF Namibia and has received capital commitments of R330m as part of its current capital raise. It has raised R1.7bn since inception. With strong demand, it will increase beds to 8,800 for the 2024 academic year and has acquired three development sites for the 2025 and 2026 academic years, two near Wits University and one at the University of KZN. A vendor rental guarantee shielded the portfolio against the negative impact of NSFAS unilaterally capping the student accommodation allowance to R45,000 a year in 2023, which negatively impacted the Pretoria portfolio. It is engaging various stakeholders for solutions to this matter and reconfiguring properties where appropriate.

Lango Real Estate successfully raised USD40m including an investment from Growthpoint of USD30m (R513.8m) and has secured additional commitments of USD85m. With these funds, it intends to reduce debt and potentially acquire assets which will aid Lango’s diversification strategy. Growthpoint holds an 18.4% shareholding in Lango, which has AUM of USD611.2m comprising of prime office and retail assets in Ghana, Nigeria and Zambia, and land in Angola. Lango’s contribution to Growthpoint decreased because of structural challenges that included higher interest costs, the inability to convert Naira into USD to externalise from Nigeria, and Mauritian regulations regarding retained earnings.

“Growthpoint Investment Partners is attracting good investment appetite from institutional investors, has a solid pipeline of opportunities to increase AUM for existing funds and launch a new fund by FY25,” says Sasse.

Growthpoint’s diversified portfolio across international geographies, sectors and income streams, together with its conservative financial management, sound balance sheet and steady income from foreign currency dividends position it defensively for FY24.

“Growthpoint is a strong, diversified business with talented employees, a solid financial foundation and clear strategic thrusts dedicated to delivering value for all stakeholders,” says Sasse.

Given the impact of high interest rates across both our local and international businesses for a full year, Growthpoint expects DIPS to decline by 10% to 15% for FY24. Growthpoint endeavors to maintain a pay-out ratio of 82.5%.

The Board of Directors of Growthpoint Properties is pleased to advise that Norbert Sasse has agreed that he will continue in his capacity as Group CEO until 31 December 2026, thereby providing continuity in progressing the company’s various strategic initiatives.

The way we perceive business flourishing is undergoing a paradigm shift as digital identity and consumer consent redefine the dynamics of transactions. Shanaaz Trethewey, Chief Operating Officer for Comcorp South Africa, a leading software innovator and authentication technology specialist, emphasises the pivotal role of individuals' digital identity in unlocking this transformative potential.

In South Africa, where an estimated 38 million people are above the age of 18, a significant proportion of the population possesses the ability to transact as adults. However, only a fraction of them (one in six) can provide verifiable income through a payslip, leading to increased risk and the need for extensive checks and balances in transactions.

Astonishingly, the country processes approximately four million credit applications each month, resulting in 48 million applications annually that invariably require proof of identity, often involving multiple verification checks during the transaction process. This number doesn't even account for verifications at healthcare facilities, educational institutions, and insurance claims to name but a few other examples.

An individual’s identity journey has evolved considerably overtime. In the 1950’s manual registers and handshakes to paper form was all it took, before being replaced with ID books, and smart cards that stored various personal information on a bank card.

“The advent of fingerprint revolution and biometric technology today has shifted the focus to appreciating the uniqueness of individuals. Digital identity is no longer just a tool; it represents a vision of seamless interaction and integration in all sectors of our economy, but especially finance,” says Trethewey.

Digital inclusion and the role of digital identity in enabling frictionless transactions is another crucial factor in unlocking an individual's potential for economic engagement. Platforms that facilitate ease of funds exchange, internationally, exemplify the growing union between technology and financial activities.

“Companies across the globe are already leveraging open banking capabilities to provide digital identity verification services, bypassing traditional waiting periods. In emerging economies, the speed and efficiency of digital payment platforms like WhatsApp Pay in India and Brazil for example have facilitated the flow of money, reducing reliance on cash transactions, and contributing to the formalisation of economies,” she adds.

As always, the concept of consent within the realm of digital identity holds immense significance. Trethewey emphasises the need for critical analysis of what consent entails and the opportunity it presents to revolutionise how individuals interact with the world and access products and services.

Exploring how the future may look

As artificial intelligence proliferates and identity fraud becomes a pressing concern, the need for robust tools to ensure undeniable identity verification will only grow. Trethewey urges businesses to embrace the evolving landscape and adopt sophisticated solutions to combat identity fraud while harnessing the potential of AI.

Trethewey suggests these three powerful principles to guide businesses in this transformative era:

1. Returning to first principle: 

This is vital, as adding layers to legacy systems may not address the underlying challenges effectively. The business community needs clarity on what they need to achieve. Taking a step back is key to understand what served us well in the past but may not now. 

2. Seeing the bigger picture:

Adopting a holistic approach and viewing organisations beyond silos is crucial for unlocking a broader range of commercial opportunities. Things like eliminating duplication within a singular organisation can only done if we take a step back and take stock.

3. Competitive collaboration:

This fosters the leveraging of technical skills and business strengths, amplifying market reach, and unlocking true market potential. A culture of working together rather than solely competing against each other encourages the joint pursuit of mutually beneficial opportunities.

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Media Contact:
Nadia Hearn
Get Published
074 923 3835 | This email address is being protected from spambots. You need JavaScript enabled to view it. 

Over-Reliance Linked to Increased Risk of Asthma Attacks and Death

Asthma is an inflammatory condition of the airways affecting more than 339-million1 people globally. In South Africa, more than 20% of children and 10-15% of adults have asthma2. For those living with the illness, it can reduce quality of life in varying degrees and it’s not uncommon to be hospitalised during an attack. Despite changes in the approach to treatment and evidenced-based medications to manage the condition, an alarming number of South Africans still die from asthma every year.

With the fifth highest asthma death rate in the world3, the importance of local research such as the recently published SABINA III study cannot be overstated. The new study primarily set out to review asthma SABA prescription patterns among South African patients. The findings were conclusive, showing over-prescription and over-the-counter purchase of the reliever pump to be widespread, despite the new guidelines in place for treating the illness. According to Professor Ismail Kalla, Pulmonologist, Head of Department - Internal Medicine, University of Witwatersrand, the significant overuse of the blue SABA reliever pump is a serious problem for South African asthma patients.

Prof Kalla adds that for decades asthmatic patients have been overusing their blue SABA symptom-reliever inhaler (which provides rapid and temporary relief) and underusing their anti-inflammatory maintenance medication. Many patients feel dependent on their SABA blue inhaler, mistakenly believing this to be the best way to control their symptoms.

“In line with the new global, and locally endorsed asthma treatment guidelines, we no longer prescribe SABA blue reliever inhalers alone as the preferred reliever therapy for mild asthma. Instead, we recommend the use of a low-dose inhaled corticosteroid (ICS) formoterol therapy as needed, regardless of asthma disease severity.4 This combination inhaler contains an anti-inflammatory agent which reduces inflammation of the airways and provides controlled relief.”

Despite the new way of treating asthma, the SABINA III results indicate a slow uptake of the new guidelines. Nearly 75% of the study patients used more than three SABA canisters in the previous 12 months and over 55% were prescribed more than 10 SABA canisters.

“These figures are extremely concerning, as there is increasing evidence that SABA overuse, and in particular the use of more than three pumps a year, is associated with an increased risk of asthma attacks, hospitalisations and death5,6,” explains Prof Kalla.[10,11] “Patients who are using this many blue pumps in a year should speak to their doctor immediately to re-examine and revise their asthma treatment plan.”

Prof Kalla goes on to explain that chronic control relies on anti-inflammatory maintenance7 and this applies to all asthma patients - whether their illness has been classified as mild, moderate or severe7. He adds that the approach to treatment and management of asthma is almost identical and reducing inflammation is at the heart of it8.

“What’s more, patients with mild asthma must recognise that their disease severity doesn’t preclude them from having an asthma attack9,10. The risk is equally as high regardless of disease severity, adherence to treatment, or level of control11,12,13,” warns Prof Kalla.

Congruently, the SABINA III study found that more than 50% of mild asthmatic patients have uncontrolled symptoms. Not taking maintenance medication as prescribed is believed to be the reason for continued poor control. Of these 501 patients analysed, 60% were uncontrolled or only partly controlled. Nearly 50% had experienced more than one severe asthma attack in the 12 months before the study.

Prof Kalla says that this is significant because mild asthmatic patients are regarded as the silent majority of asthmatics. “One could say labelling asthma as mild is a misnomer because you are still equally at risk of attacks.”

When it comes to childhood asthma the same treatment recommendations apply. Moreover, in children, mild asthma is more frequent, symptomatic, and less controlled than in adults14,15. But, as with adults, everything boils down to reducing inflammation and the overuse of their SABA inhaler also increases their risk of an attack. If inflammation and swelling are not treated, over time the airway walls may thicken permanently, preventing them from working efficiently.

“While there’s no cure for asthma it can be controlled and it’s important that asthmatics partner with their doctor to develop a solid asthma treatment plan that prioritises reducing inflammation safely. Asthma causes permanent inflammation of the airways and as such if you reduce your inflammation you reduce your risks,” says Prof Kalla. “To illustrate how dangerous this inflammation can be for those who live with asthma, a global study reports that excessive inflammation causes 176-million asthma attacks annually16. These attacks can be frightening, dangerous, and can be costly for the patients.”

To educate people living with asthma, and to help them reduce their risk of attacks, AstraZeneca is running the Break Over-Reliance campaign. Asthma patients can assess their levels of over-reliance through a digital assessment tool, known as the Reliever Reliance Test. This evidence-based questionnaire empowers patients to assess their over-reliance on their blue reliever inhaler, SABA17, by answering five short questions.

Prof Kalla says, “I strongly urge that everyone living with asthma take the test – it’s easy to navigate and will help them understand whether they are relying too heavily on their SABA. If the results indicate over-reliance, then that information can facilitate conversations with their health care professional about their asthma management.

“Recognising that the use of a SABA blue inhaler to control asthma symptoms actually masks symptoms and increases the risk of asthma attacks1,10,11 – action to correct asthmatic compliance has never been more important. When you consider that South Africa’s prevalence of asthma is among the highest in the world, the case for better control is urgently needed,” concludes Kalla.

For more information about the Break Over-Reliance campaign and to take the Reliever Reliance Test, visit: https://bit.ly/CheckSABAOveruse

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References;

1. The Global Asthma Report 2018. http://globalasthmareport.org/Global%20 Asthma%20Report%202018.pdf (accessed 26 October 2022)

2. The Global Asthma report south Africa. Available at http://globalasthmareport.org/management/southafrica.php. Accessed August 2021.

3. The Global Asthma report south Africa. Available at http://globalasthmareport.org/management/southafrica.php. Accessed August 2021.

4. Global strategy for Asthma Management and prevention. Global initiative for Asthma (GINA)2021. Available from https://ginasthma.org/wp-content uploads/2021/05/GINA-Main-Report-2021-V2-WMS.pdf. Accessed August 2021.

5. Nwaru BI, Ekström M, Hasvold P, Wiklund F, Telg G, Janson C. Overuse of short-acting β2-agonists in asthma is associated with increased risk of exacerbation and mortality: A nationwide cohort study of the global SABINA programme. Eur Respir J 2020;55(4):1901872. https://doi.org/10.1183%2F13993003.01872-2019

6. Bloom CI, Cabrera C, Arnetorp S, et al. Asthma-related health outcomes associated with short-acting β2-agonist inhaler use: An observational UK study as part of the SABINA Global Program. Adv Ther 2020;37(10):4190-4208.

7. P.M. O Byrne. How much is too much? The treatment of mild asthma. EUR RESPIR J. 2007(30):403-406.

8. Global strategy for Asthma Management and prevention. Global initiative for Asthma (GINA)2021. Available from https://ginasthma.org/wp-content uploads/2021/05/GINA-Main-Report-2021-V2-WMS.pdf. Accessed August 2021.

9. Papi A et al. J Allergy Clin Immunol Pract. 2018;6:1989-1998.

10. Price D et al. NPJ Prim Care Respir Med. 2014;24:14009.

11. Papi A et al. J Allergy Clin Immunol Pract. 2018;6:1989-1998.

12. Price D et al. NPJ Prim Care Respir Med. 2014;24:14009.

13. Fitzgerald J, Branes J, Ghipps E, et al. The burden of exacerbations in mild asthma: a systematic review. ERJ Open Res. 2020;6:00359-2019.

14. Dusser D, Montani D, Chanez P, et al. Mild asthma: an expert review on epidemiology, clinical characteristics and treatment recommendations. Allergy.2007;62:591–604.

15. O'Byrne. Daily inhaled corticosteroid treatment should be prescribed for mild persistent asthma. Am J Respir crit care med. 2005;172:410-416.

16. Sastre J et al. World Allergy Organ J. 2016;9:13.

17. International Primary Care Respiratory Group. Blue Reliever Reliance Test. Available at: https://www.ipcrg.org/resources/search-resources/blue-reliever-reliance-test-english [Last accessed: July 2020]

18. Global Initiative for Asthma. Global Strategy for Asthma Management and Prevention. 2020 Update. Available at: https://ginasthma.org/wp-content/uploads/2020/06/GINA-2020- report_20_06_04-1-wms.pdf Last accessed July 2020.

19. Price D, et al. Asthma control and management in 8,000 European patients: the Recognise Asthma and Link to Symptoms and Experience (REALISE) survey. NPJ Prim Care Respir Med. 2014; 24: 14009.

20. Pavord ID, Beasley R, Agusti A, et al. After asthma: redefining airways diseases. Lancet. 2017; 391: 350-400.

21. Smith C et al. Afr J Thoracic Crit Care Med 2022;28(4):172-180

AstraZeneca

AstraZeneca (South Africa) is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialisation of prescription medicines, primarily for the treatment of diseases in three therapy areas - Oncology, Cardiovascular, Renal and Metabolism, and Respiratory & Immunology. AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. For more information, please visit astrazeneca.co.za.

Contacts

Developed and to contact on behalf of AstraZeneca:
SIMONSAYS communications
Melanie Stevens
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Embarking on a remarkable endeavour, Angela Yeung, the visionary founder of the Impilo Collection Foundation and the ambassador of brand South Africa – play your part, is gearing up for an extraordinary climb up the daunting Manaslu, standing tall at 8,136 meters. This challenge surpasses her previous triumph on the Island Peak at 6,200 meters last year.

Manaslu, dubbed the "mountain of the spirit," graces the ranks as the eighth-highest peak globally, nestled within Nepal's majestic Himalayas. The mountain's name is rooted in the Sanskrit term "manasa," signifying "intellect" or "soul."

The driving force behind Angela's ascent is a compelling mission - to spotlight and combat the harrowing issue of gender-based violence (GBV). Angela's daring expedition aims to channel funds towards an educational sanctuary that will empower and uplift young women who have faced the brunt of GBV.

"Angela declares, "We face a mountain to climb, one that symbolizes the path to women's empowerment through education. This journey is the stepping stone to independence and self-reliance."

Partnering with The Sherpa Legends, including the illustrious Mingma Chhiri Sherpa, who has conquered Everest six times and Manaslu thrice, Angela seeks to leverage her climb's impact and inspire change.

Impilo Collection Foundation has already demonstrated its prowess in addressing GBV through its #EmpowerHer campaign, a testament to its dedication. The campaign's impactful display of 6,200 bras at Johannesburg's Constitution Hill and subsequent distribution to GBV shelters during International Women’s Month 2022 has left a lasting impact.

Intriguingly, the collection of 8,848 bras - representing the height of Mount Everest - is a novel pursuit of social warriors who stand resolute against GBV.

Angela's philanthropic accomplishments are noteworthy, with this marking her fourth fundraising climb. Her vision transcends personal achievements, aiming to establish an annual drive for essentials like bras and sanitary pads. Collaborating with fellow mountaineers, Angela endeavors to cast awareness amidst the clouds.

The ascent is scheduled from September 1st to October 5th, held in collaboration with esteemed international brands such as Cathay Pacific, GoPro, Sisley Paris, and Zara Wellness. A thrilling revelation is Angela's plan to carry their logos and the South African flag to the summit of Manaslu, elevating them beyond the reach of ordinary planes. 

Most notably, Angela's determination and courage could lead to a historic achievement. Should Angela summit at the highest point on Manaslu, she will become the first woman from South Africa to achieve this feat. In recent times, many climbers have chosen to ascend only after the confirmation of the summit by the renowned Mingma G.

Angela's unwavering dedication is evident, having invested 630 hours in rigorous training and traversed a staggering 540 kilometres in preparation for the climb. While Angela has already injected substantial funding, the centre’s construction necessitates further contributions.

Angela emphasizes, "Our quest for an anti-GBV education centre demands the collective efforts of supporters, followers, climbers, and allies. Together, we will make this vision a reality."

Generous benefactors will be commemorated with a keepsake symbolizing the metaphorical mountains scaled together.

Donations can be made at https://www.givengain.com/ap/angela-yeung-raising-funds-for-impilo-collection-foundation-63526/#updates towards the anti-GBV education centre and bras can be dropped off at one of the collection points.  Please visit https://impilofoundation.org/ for further information.

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Stay connected and join Angela's journey on Facebook and Instagram https://www.instagram.com/impilo

For media please email This email address is being protected from spambots. You need JavaScript enabled to view it. 

About Impilo Collection Foundation

Impilo Collection Foundation is a philanthropic organisation dedicated to supporting humanity through awareness #EmpowerHer #EmpowerHim and #EmpowerThem campaigns, fundraising events, and community engagement.

With a commitment to effecting positive change through education and the foundation endeavours to create a world free from violence.

Introduction

The concept of a home has evolved dramatically over the years. From simple shelters to grand architectural marvels, and now to intelligent living spaces, our homes have mirrored our societal progress. Today, the integration of technology into our residences has given rise to the phenomenon of “smart homes.” But what exactly makes these homes “smart,” and what benefits do they offer?

Enhanced Convenience

One of the most celebrated advantages of smart homes is the unparalleled convenience they offer. Imagine controlling your home’s lighting, temperature, and security systems from a single device or even your voice. The centralised control offered by smart homes means that with a simple command, you can set the mood for a movie night or ensure your home is cozy before you arrive. Furthermore, the power of remote access means that even if you’re miles away on vacation, you can still control and monitor your home right from your smartphone.

Energy Efficiency and Cost Savings

Smart homes are not just about convenience; they’re also about efficiency. With smart thermostats, your home can learn your preferences, adjusting the temperature to ensure comfort while conserving energy. Intelligent lighting systems can dim or turn off when natural light is abundant or rooms are unoccupied. And it’s not just about electricity; smart irrigation systems can ensure your garden is watered based on actual needs, leading to significant water conservation. Over time, these efficiencies translate to tangible cost savings on utility bills.

Improved Security and Safety

Safety and security are paramount in any home, and smart homes elevate these aspects to new heights. With real-time surveillance systems, homeowners can monitor their properties round the clock. Smart locks offer enhanced security, allowing homeowners to grant temporary access to guests and receive notifications about who enters or exits. Moreover, safety alerts for potential dangers like smoke, gas leaks, or water breaches ensure timely interventions, potentially averting disasters. Find a smart home installer here.

Health and Comfort

Our homes are our sanctuaries, and smart homes take this comfort to the next level. Devices that monitor and enhance indoor air quality ensure that residents breathe clean, healthy air. Innovations in sleep technology, like smart beds, adjust conditions for optimal rest. Even the simple act of sunlight streaming in can be automated with smart blinds and curtains, ensuring the right balance of light and privacy.

Seamless Entertainment

Entertainment in a smart home is an immersive experience. Multi-room audio systems can play your favourite tunes throughout the house, creating a harmonious ambiance. Smart TVs, paired with intelligent entertainment systems, not only respond to voice commands but also offer personalised content recommendations, making movie nights even more enjoyable.

Home Maintenance and Monitoring

Maintenance becomes less of a chore in a smart home. Devices can alert homeowners about appliance maintenance schedules or potential malfunctions. Even outdoor tasks, like lawn care, are simplified with smart sprinklers and mowers that operate based on actual lawn health and prevailing weather conditions.

Integration and Customization

The beauty of smart homes lies in their adaptability. Devices from various manufacturers can be interconnected, working in unison. Homeowners can set up personalised scenarios or “routines.” For instance, a “Good Night” routine might dim the lights, lock the doors, and set the thermostat to a cozy temperature, all with a single command.

Environmental Impact

Beyond the walls of the home, smart homes have a broader, positive impact on the environment. Reduced energy consumption means a smaller carbon footprint. Many smart homes also integrate green technologies like solar panels and battery storage, promoting sustainable living and reducing reliance on non-renewable energy sources.

Conclusion

The era of smart homes is not just a fleeting trend; it’s a testament to human innovation and our quest for better living. These intelligent abodes offer a blend of convenience, security, efficiency, and sustainability. As technology continues to advance, it’s exciting to envision the future possibilities of smart living, shaping our lifestyles in ways we’ve only dreamed of.