Tupperware shutsdown it's operations across regions in South Africa

A massive plastic plant is going under the hammer, and stems from the liquidation of Tupperware Southern Africa.

The Florida-based container brand Tupperware announced it would exit South Africa in 2024 as part of a larger liquidation and restructuring strategy.

The company filed for Chapter 11 bankruptcy in September 2024 due to declining sales and worsening financial circumstances. 

Regulatory filings showed that the brand’s new owners would focus on eight core markets, which exclude South Africa and Australia.

Tupperware was so popular that it became synonymous with all forms of plastic containers. Other popular brands that became placeholders for a product include Jacuzzis, Jet Skis and Frisbees.

As per the local liquidation, Park Village Auctions (PVA) has invited offers to purchase a significant plastic manufacturing and distribution plant with movable assets.

“This is a unique opportunity to acquire a substantial facility with a comprehensive plant and equipment inventory,” says PVA’s Werner Burger.

“The scale of the operation and assets offered due to the liquidation of a globally recognised entity like Tupperware Southern Africa make this an attractive proposition for various potential buyers.”

The immovable property comprises Erf 141, Vulcania Ext 2, 92 Lemmer Road, Brakpan, measuring 4.1573 hectares.

The property features a large warehouse divided into four sections, a double-storey office building, a security office, a health and safety office, and a covered staff parking area.

The total gross leasable area (GLA) of the property is 22,747 sqm, and a wide array of movable assets, including a complete plastic manufacturing and distribution plant, are available.

MARKETS:

CURRENCIES

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EUR/ZAR

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GBP/ZAR

23.07/-0.10
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COMMODITIES:

PLATINUM

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GOLD:

2,615.34/-0.25%
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BRENT CRUDE

76.56/0.08%
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JSE:

ALL SHARE

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Weak

INDUSTRIALS

118,863.00/0.25%
Stable

FINANCIALS

20,749.50/-0.80%
Weak

RESOURCES

56,781.10/0.08%
Stable

TOP 40

77,334.10/-0.18%
Weak

MID CAPS

90,258.40/-0.00
Closed

Financial data provided by: iress, 15min delay

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Updated: 01 May 2025 Thursday

#WolmaransstadLinkBusiness

High Court cuts off VAT increase in South Africa

The High Court officially suspended the VAT increase in South Africa, with only a few days to spare.

The Court announced that the VAT increase of half a percentage point on 1 May 2025 and the second half-a-percentage-point increase in April 2026 are suspended.

It ruled that the increase in VAT is suspended pending the passing of legislation regulating the VAT rate.

It also set aside the resolutions of the National Assembly and the National Council of Provinces to accept the Standing Committee on Finance’s 2025 Fiscal Framework report.

The DA brought the case against parliament, as despite being a member of the GNU, it voted against the increase throughout parliament’s processes.

The increase in VAT was announced in the 2025/25 National Budget on the second attempt in March.

Following widespread public and political resistance from GNU members, Finance Minister Enoch Godongwana announced earlier this week that the VAT hike would be rescinded and remain at 15%.

Despite the Minister tabling a Bill retaining VAT at 15%, it was doubtful that it would be approved by Parliament and promulgated before 1 May 2025, as it is only two working days away.

However, the decision by the Western Cape’s High Court means that the VAT hike will no longer take place.

As reported by News24, the Court also ordered the Finance Minister and parliamentary leaders to pay costs, noting mistakes in adopting the fiscal framework.

“We are pleased that the Minister of Finance eventually came back to the table and agreed to suspend the VAT increase in a lawful manner,” said the DA.

“This shows that government decisions cannot be made without proper oversight. It also gives South Africans certainty that changes affecting their pockets will not happen without the necessary checks and balances in place.”

MARKETS:

CURRENCIES

USD/ZAR

17.63/-0.34%
Weak

EUR/ZAR

19.31/-0.09%
Weak

GBP/ZAR

23.07/-0.10
Weak

COMMODITIES:

PLATINUM

954.58/-0.02%
Weak

GOLD:

2,615.34/-0.25%
Weak

BRENT CRUDE

76.56/0.08%
Stable

JSE:

ALL SHARE

85,336.90/-0.18%
Weak

INDUSTRIALS

118,863.00/0.25%
Stable

FINANCIALS

20,749.50/-0.80%
Weak

RESOURCES

56,781.10/0.08%
Stable

TOP 40

77,334.10/-0.18%
Weak

MID CAPS

90,258.40/-0.00
Closed

Financial data provided by: iress, 15min delay

Powered by Blogger

Updated: 01 May 2025 Thursday

#WolmaransstadLinkBusiness

Clear weather conditions amid cool conditions on Wednesday

Boskuil - It's Wednesday and temperatures a cooler for areas of Boskuil, Leeudoringstad, Witpoort, Makwassie, Lavine, Wolmaransstad and nearby farms 

It's also sunny for areas of Maquassi Hills and North West province  with expected partly cloudy conditions on Wednesday afternoon, however, cooler conditions are also imminent 

Wind conditions are travelling at minimum speed of 14km/hr for Wednesday in areas of Mahikeng, Greater Taung, Naledi, Tswaing as well as Matlosana with temperatures at less than 14°C

Areas of Maquassi Hills are seeing cooler temperatures making landfall at 11°C on Wednesday with warmer conditions making landfall at 22°C 

Humidity has been forecasted at 32% for Maquassi Hills and North West 

Residents of the province should take note of those weather conditions 

These are

Minimum/maximum

 temparatures:

Maquassi Hills:

10°C//20°C , clear/cloudy

/windy

        skies with

 warm/cool

                                                         conditions/ 0% 

of expected rainfall

Matlosana:

11//21°C , clear/cloudy /windy

 skies

  with 

    warm/cool

         conditions/ 0% of expected

                                rainfall

JB Marks:

10//22°C , clear/cloudy /windy

 skies

 with  warm/cool 

                          conditions/ 04% of expected rainfall

Mamusa:

11///23°C , clear/cloudy /windy

 skies

 with warm/cool  conditions/ 3%

 of expected rainfall

Tswaing: 

11//21°C , clear /cloudy /windy

skies

  with  warm/cool conditions

/11% of                                           expected rainfall

Lekwa-Taemane:

11//22°C ,   clear/cloudy /windy

 skies

with warm/cool conditions

/ 10% of expected rainfall

Naledi:

12//21/°C,    clear/cloudy /windy

 skies with                   warm/coo

l conditions/ 0% of expected       rainfall

Greater Taung:

12//24/°C ,   clear /cloudy /windy

skies with warm/cool  conditions/ 4% of  

    expected rainfall

Mahikeng LM:

13//24°C ,   clear /cloudy /windy

skies with warm/cool                  conditions/ 0% of expected 

     

rainfall

Ditsobotla:

11//21°C , clear /cloudy /windy

skies with warm/cool           conditions/ 1%     of expected                              rainfall

Rustenburg LM:

14//23°C , clear /cloudy /windy

skies with warm/cool

  conditions/ 1% of 

            expected                                         rainfall

Weather data provided by: The Weather Channel in collaboration with Wolmaransstad Link

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Updated: 30 April 2025 

Wednesday 

#WolmaransstadLinkWeather

Impact of Unemployment Dialogue, does it address challenges faced by youth?

Wolmaransstad - Various youth individuals from Maquassi Hills became part of the Unemployment Dialogue that was organised by the Dr Kenneth Kaunda District. The dialogue sought to challenge the impact left by the high unemployment in the district

The "Youth Dialogue on Unemployment" led passionate contributions from the youth panelists of the district. The dialogue provided a platform for young people to voice their concerns and propose actionable solutions to the pressing issue of unemployment

Key points raised by the panelists included - Industry Relocation to Townships. The youth requested that the government relocate industries to townships

They argued that this move would support local businesses, which currently face challenges due to procurement processes favouring suppliers from neighboring provinces rather than within the district to ensure more stable employment for young people, the panelists suggested scrapping the current tender system in favor of permanent job opportunities

 Frustrations were voiced about government funding, which, according to the youth, often fails to reach those who need it most. They called for a more transparent and equitable distribution of funds

The youth also requested that the Executive Mayor of the Dr Kenneth Kaunda District Municipality should donate a piece of land where they can showcase their skills and develop business ideas. This would provide a tangible space for innovation and entrepreneurship within the community

These discussions underscored critical need for tailored government interventions to address youth unemployment. The panelists' insights highlighted a collective desire for systemic changes that would empower the district's young population and stimulate local economic growth

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Updated: 29 April  2025 Monday

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Some residents still left with no power to their households

Makwassie - Maquassi Hills residents are left without electricity into their house as they report that their meter boxes still shows EEE or EEE3

In 2024 Eskom urged its customers to re-code their prepaid electricity meters ahead of the deadline that was in place.  Eskom said, it won't be able to assist anyone with their meters after the 24 November 2024 deadline

However, that has left clueless residents in the dark after not knowing what to do and how to do it

Residents  raced against time to have their prepaid meters registered, re-coded & updated. Various households are currently left without electricity, this is due to their meters not accepting newly bought units after they ran low resulting in their houses running dark

Some meter boxes aren't registered currently proving the process of re-coding as difficult. Residents from Lebaleng in Makwassie & other areas from Maquassi Hills had been at the Eskom Offices in Wolmaransstad to seek clarity on the re-coding & registering their meter boxes, however, they were given forms to sign while other meters still have a problem of showing EEEE, 33333 instead of r2:2 or 2

Frustrated residents raced against time to have their meters fixed before deadline

Eskom said, prepaid users needed to update their meters before Sunday, the deadline that was in place, which was the 24th of November 2024

Some meters no longer accept newly bought tokens & and the utility had said in a statement  that those who did not decide their meter  will need to replace them and that could cost up to R12,00

“Meters still using KRN1 (Key Revision Number 1) will no longer accept electricity tokens after Sunday, 24 November 2024”

“This means that once your current credit is depleted, you will lose power, and the meter will become inoperable” - Eskom

Eskom said those with meters still on KRN1 have likely not purchased electricity for more than six months or might be using unauthorised tokens

It added that it was critical for all customers to buy electricity tokens from authorised vendors

Eskom provided details on how users can verify if their meter is ready:

Code: 1844 6744 0738 4377 2416 on the meter keypad.If it shows 1 or 1.2, the meter must be recoded.If it shows 2 or 2.2, the meter is already updated and requires no further action

To complete the recoding:

Enter the first 20 digits of the recode token.Enter the second 20 digits of the recode token.Finally, enter the 20-digit token from the latest electricity purchase to recharge your meter

“Please refer to the dashboard on the Eskom website for the updated figures of the Eskom Key Revision Number rollover project progress” - Eskom

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Updated: 29 April  2025 Monday

#WolmaransstadLinkNews

Newly operational library to empower learners at Tiragalo Secondary School

Leeudoringstad, Kgakala - Teachers and learners at Tiragalo Secondary School, in the Kgakala community, recently celebrated the opening of their newly launched library

Funded by Bokamoso Solar, this transformation aims to foster educational growth, bridge the digital gap, and provide learners with the tools they need to succeed

With over 1 000 learners at the school, the enhanced library is expected to make a lasting impact by improving access to information, supporting diverse learning activities, and creating an engaging academic space for both learners and teachers

Underscoring the importance of community development and education, the event was attended by key local stakeholders, including representatives from the Department of Education, SAPS, Leeudoringstad Community Police Forum, and the Maquassi Hills Local Municipal Library

“Our goal is to empower the local high school and its learners by providing tangible resources that improve educational outcomes, inspire learners, and equip young minds with the tools they need to succeed. This initiative aligns with our broader commitment to fostering a resilient and thriving community within the Leeudoringstad area,” - Qinisani Siveshe, Social Performance Manager at Bokamoso Solar

The support included vital resources, including Lenovo IdeaPads, LED projectors, tripod screens, magnetic whiteboards, tables and chairs in addition to other essential equipment. These additions have turned the library into a dynamic learning hub, offering learners a conducive environment to enhance their academic journey

“This upgrade will undoubtedly enhance our teaching and learning environment, providing our learners with access to state-of-the-art resources and technology. The new library will enable us as teachers to implement more interactive and immersive learning experiences, which will help our learners develop essential skills for the 21st century. Moreover, the upgrade will foster a more collaborative and inclusive learning community, allowing our learners to thrive academically, socially, and emotionally,” -  Sunday Gumbi, a teacher at Tiragalo Secondary School

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Updated: 29 April  2025 Monday

#WolmaransstadLinkNews

District says it advocates for women to explore opportunities in agriculture

Boskuil - The Women in Agriculture celebrated a resounding success, showcasing the power of community and collaboration

The Dr Kenneth Kaunda District Municipality said it advocates for women who want to explore more opportunities in the agricultural sector. The district said, to empower women in agric, can drive sustainability and growth of the sector 

"We need to remember that by empowering women in agriculture, we can drive innovation, sustainability, and growth in the industry, ultimately benefiting our communities and the world at large" - Dr Kenneth Kaunda District Municipality 

The North West Agricultural Department, together with Dr Kenneth Kaunda District and Maquassi Hills Local Municipality handed over bulls to various rural female farmers for women in agricultural businesses

 The donation, which targeted women-led farms in rural areas, aimed to enhance productivity and improve the livelihoods of female farmers

Young people from different districts inspired by various achievements that women have aspired to have

The DR Kenneth Kaunda  YARD has congratulated and  the North West Department of Agriculture and Rural Development for a job well done in empowering women to lead businesses in agriculture

Farmers in areas of Boskuil, Makwassie, Wolmaransstad, Leeudoringstad including Witpoort have seen opportunities in leading the agricultural sector in Maquassi Hills 

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Updated: 29 April  2025 Monday

#WolmaransstadLinkNews