Competition Tribunal approves Ellerine transactions

On 12 November 2014 and 12 December 2014, the Competition Tribunal approved two transactions relating to the attempts to raise capital for the struggling Ellerine group as part of the current business rescue process it is engaged in.
Competition Tribunal approves Ellerine transactions
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The Tribunal first conditionally approved the acquisition by Lewis Stores of 63 Beares Stores from Ellerine Furnishers Proprietary Limited and then conditionally approved the assignment of certain leases and employment of the employees of selected Ellerine Furnitures stores by Shoprite Checkers.
These transactions are a result of the ongoing business rescue process and the sale of certain assets, brands and divisions were undertaken as an alternative to liquidation of the group. As part of this process, Coricraft Group acquired Ellerine’s Dial-a-bed division (this transaction has also been conditionally approved by the Competition Commission).

Activities overlap

In the Lewis transaction, the Commission found that the activities of the merging parties overlap in the market for the sale of furniture products and that, post-merger, Lewis is likely to become a monopolist in certain geographical markets. Nevertheless, the Commission took into account the counter-factual of Beares exiting the market completely as a result of liquidation of the Ellerine group and, accordingly, absent the merger the market would not be left in a more competitive position.

Furthermore, the substantial public interest benefits arising from the merger would justify any possible lessening of competition in these geographical markets. Absent the merger, over 1,150 employees would have lost their jobs, but post-merger at least 393 of these employees would retain employment and no further merger related retrenchments are permitted.

Lewis is, further, obliged to create additional driver and driver assistant positions at each of the stores it is acquiring and to offer these positions (and any further positions created at the transferred Beares Stores in the next year) to those former Beares employees that were retrenched.

In the Shoprite Checkers transaction, Shoprite Checkers obtained the leases to certain Ellerine premises to house Shoprite Checkers stores. This transaction did not pose any competition concerns, neither did it pose public interest concerns (as the retrenchment of Ellerine employees was not as a result of the transaction but as a result of Ellerine’s financial difficulties).

Employment conditions

The Commission did, however, impose employment conditions in order to protect the jobs of the former Ellerine employees that did not accept voluntary severance packages. Shoprite Checkers, accordingly, agreed not to retrench these 300 employees subject to an agreement with the relevant union.

It is well known that the Commission takes a stern stance in respect of matters relating to employment. However, in this instance the job losses were not merger related and it may be argued that the imposition of employment related merger conditions (where there is no immediate nexus between the proposed transaction and the retrenchments) may not be necessary or appropriate.

Ultimately, it can be accepted that none of the bidding parties taking over parts of the Ellerine business would be opposed to assisting these employees based on the sensitivities surrounding the financial woes of Ellerine and the anticipated retrenchments of its employees.

William Grant & Sons named Distiller of the Year, takes home 60 medal

Earlier this month, the International Wine & Spirits Competition (IWSC) awarded William Grant & Sons the title of Distiller of the Year, the highest honour to be bestowed by the organisation. In addition, the distillery won the title of Scotch Producer of the Year.
Picture:
Picture: TheBalvenie.com
In the individual expression honours, The Balvenie DoubleWood 12 YO won the Single Malt Scotch 15 Years Old and Under Trophy. The judges also recognised Glenfiddich 21YO, Glenfiddich 14 YO Bourbon Barrel Reserve, The Balvenie Thirty and Glenfiddich 40 YO with each receiving a ‘gold outstanding’ medal. The company won 20 gold medals for Glenfiddich, The Balvenie and Grant’s, winning 60 medals overall.

Edward Snell & Co. marketing manager, Richard Brodrick, said, “William Grant & Sons has been awarded this title six times, proving that year after year it produces world class quality spirits. This is an incredible achievement and is testament to the skill, expertise and dedication of the distillery. It has impeccably maintained the quality of its brands for well over a century. We are honoured to have these variants in our country.”

Family finance decisions are made on Sundays

Sundays, for many, are family days and a time of rest and relaxation. A day to unwind, dream of and plan for the future. Family finance decisions are often made on Sundays when there is time to discuss budgets for big ticket items. Sunday newspapers are ideal for marketers to engage with a receptive audience that is actively researching how to allocate household income.
Time to decide on big ticket items

A joint purchase decision is frequently reached in homes on a Sunday, while the purchase can take place up to two weeks after the conversion was achieved by an advert in the Sunday paper. The decision of how to spend or invest the ‘big’ money is often reserved for a family conversation on a Sunday, with the newspaper close at hand. The link is therefore not always obvious, but Sundays are a time when the seed is planted about which new car, sofa, fridge, washing machine or flat screen television to purchase.

The longstanding trend of the automotive industry to launch a new car with a television commercial on Friday night, and follow this up with a print campaign in the Sunday newspapers is still common practice – because it’s a strategy that works.

Contemplating financial security

Sundays are a day of contemplation, perhaps of spiritual or religious matters, but also of achieving financial security, if not independence. It is possible to contemplate and then decide as a family whether it is the right time to sign up for a new insurance policy, to start investing in the stock market, or to change service providers or banks.

Feeding the soul

On a less serious note, Sunday leisure time allows the reader to consider if the way they have been dressing really suits who they aspire to be, to think about a new recipe they want to try out, trip they want to go on, restaurant they want to visit, or show they want to see.

Budgeting in a tight economy

Most consumers still look to the Sunday supplements for special offers and to find out which grocery outlet will offer them the best prices for the coming week. With the current state of the economy, it has become essential for many to get their trusted FMCG brands at the best price.

Sunday’s ROI

These are just some of the indicators of the value of advertising in Sunday titles. Ads24’s Sunday Community includes City Press, Rapport, Netwerk24, Sunday Sun and Son op Sondag and has a combined Cumulative Impact of 8.7 million across all these news platforms. This impact score or GRP can be immediately compared with television (TVRs). The Effective Reach opportunity of the Ads24 Sunday Community (reach at 1+) is 4.9 million and Duplicated Reach (reach at 3+) is 2.1 million.

I am not saying that Sunday newspapers and their digital properties are the only way to get a great return on investment (ROI) from adspend, but I am saying this is one good way. Ads24 are more than happy to help put together a cross-platform media plan that allows their Sunday community to speak for itself.

Business Excellence Forum and Awards 2016 winners

The winners of South Africa’s second Business Excellence Forum and Awards (BEFA) were announced at the Southern Sun Elangeni in KwaZulu-Natal last week, with Attooh! claiming the Best Overall Company award.
Best Overall Company: Attooh!
Best Overall Company: Attooh!
Serial entrepreneur and Sorbet founder Ian Fuhr enlightened audiences with the key lessons learnt along his entrepreneurial journey, while Sally Williams CEO Mark Sack explained how home grown businesses can transition into global players. Local celebrity turned business mastermind Basetsana Kumalo revealed her secret to balance when it comes to running multiple businesses and maintaining a personal life, and ActionCOACH CEO Vic Ciuffetelli disclosed the power of DISC, a telling behavioural model, in maximising sales.

The following attendees graced the stage to collect their awards in the following ten categories:

Best Overall Company – Attooh!
Most Innovative Company – Animal Health Solutions
Fastest Growing Company – Magenta Brand Solution
Entrepreneur of the Year – Deon Roux (Dry Ice)
Female Entrepreneur of the Year – Jenneth Prinsloo (Plantwise)
Young Entrepreneur of the Year – Michael-John Rautenbach (AMS Systems Integration)
Best Service Based – Motion Tronic
Best Community Impact – Convenant Logistics
Best E-Commerce – Incedibility
Best Manufacturer – Varing Kwekery

BEFA is a global event and is set to be held in three more countries, honouring business with international awards that will help them put their brands on the map, before the event returns to South Africa again. Keep checking http://actioncoach.co.za/ or follow ActionCOACH on Facebook for more updates and details.

Advantages And Disadvantages Of Different Forms Of Outdoor Furniture

If you’d like the individuals who visit your house to feel like they’ve stepped into a fairy tale and have got into a home that is owned by a wealthy aristocrat then you certainly should think about establishing the tone outdoors with upscale furniture for your garden. Although this statement appears to be quite dramatic, it is true that having good quality garden furniture sets brings a little class to a property.

Sitting in a garden that is filled with flowers and plants can be an very calming experience. The easiest way to take pleasure in this sort of environment is by buying furniture sets for the garden. These sorts of sets are often sold as outdoor patio sets consisting of a table, four to six seats and a parasol. Garden furniture is built to endure the forces of nature, regardless of the substance it was made from. Nevertheless, there are other benefits and drawbacks to the different types of materials you see in garden furniture sets.

If the garden furniture set contains some quantity of glass, you will have to be sure that the glass is of high grade quality as that will guarantee its resilience. You’ll need child proof garden furniture sets, when you have children but thankfully additionally there is the option of plastic material furniture. Plastic might not be the most attractive furniture you can get but it is designed to be strong and weather-resistant.

Timber garden furniture pieces certainly are a popular choice in garden furniture sets. Real wood has always topped individuals choices when it comes to garden furniture. No matter if it is just a traditional solid oak bench or even a more contemporary solid oak decorative carving, you will be able to find some thing in your price range.

Among the up and coming trends is resin weave because it has become quite fashionable to have resin weave garden furniture. If you are searching for a more modern type of furniture for the garden, then resin weave items provide a more simplistic and modern feel.

Metal garden furniture has made great strides ever since the 1950’s. Metal garden furniture provides both style and resilience that makes it the popular alternate of oak furniture. In spite of this, if your metal garden furniture is directly in touch with soil, it can easily get rusty, even when it is sprayed using a oxidation preventing solution. One of the greatest reasons for having metal garden furniture is that it’s astonishingly robust. Cast aluminum or metal garden furniture is great because in the long run you may spend less cash for more use.

Effects Of Modern Office Furniture

Rapid rising enterprise life and the competition demand particular adjustments within the enterprise environment akin to furnishing it through modern office furniture for motivating the employees as properly as attracting the visitors. For understanding the modern office furniture style to office furniture that has fundamentally reworked the way furniture sets are shaped, we should always examine the outdated method to office furniture. Gone have been the days while the majority office proprietors nicely-liked} to have visibly shaped furniture the place the length of time a furnishings unit took to create has been often a degree of its worth and cachet. Obviously, the stance that existed back then preferential cachet and appeal exceeding performance and ease. The office furniture models back then have been considered ornaments and are estimated depending on their artistic appeal moderately than usability. Besides that, furniture designs back then had patterns that are obviously indicative of adhering into a lineage or a reference to custom and olden times.

Alternatively, the trendy model of design has shifted the stress towards perform and convenience in office furniture. This recent strategy of pattern in office furniture, aka modern office furniture, has pushed ahead for newness, imagination, technical novelty in design which can openly reflect the current time and the future. Thischangehas givenstart to innovative resources and producing techniques in addition to extraordinary ingenuity from the artists and designers.

At the moment, the modern office furniture design approach is currently largely employed in approximately each modern office. On account of its various extraordinary traits and qualities, modern office furniture sets are among the most recent tendencies in office interior design because an increasing quantity of workplace owners turn out to be more enlightened with various nice benefits of utilizing them, instead of their outdated and traditional furniture. Contemporary office furniture is a totally diverse – looking furniture set and unmistakably stays away from the dark and closely embroidered gothic furniture. These furniture models include a extra stylish and yet sophisticated designs which permit for an extra deluxe and lightweight appeal. Modern office furniture are normally made from light-weight materials including metals, plastics, glass, and wooden; all of which are in a full modern technology of materials as well as colors. The furniture sets even have daring and shiny colours which create an extra inviting and inventive enchantment to everyone who would look at them. Elementary geometric designs and shapes are also utilized in this kind of furnishings set, which also take part in a task in their stylish and chic appeal. Besides their brilliant visible qualities, these furniture models are also purposeful, painless to set up and disassemble as well as more importantly painless to clean.

The extraordinary qualities and traits as properly as the advantages of using modern office furniture make it an ideal replacement for former and conventional furniture of any workplace environment. Modern office furniture is incredibly versatile by technique of design in particular in relation to suiting a specific style of theme folks need for his or her offices. With the intense and daring colors of a contemporary office furniture, an workplace can look extra interesting and relaxing place by which the workers want spending more time as well. The straightforward but stylish pattern of a contemporary office furniture can straight away transform a formal and staid place resembling an office into a extra casual and calming environment.

Buy Kitchen Appliances From Online Kitchen Store In Usa

Internet mall and online shopping are synonymous to effortless and expedient means of shopping. In a hectic life, going and shopping for various products in an offline marketplace is more than a challenge. Heavy traffic jam and bargaining for price or deals are some of the things you steer clear of while shopping on the Internet. The greatest advantage of online shopping stores is that one can have the benefit of buying anything at a very affordable price, without even leaving his/her home.

There is no doubt that kitchen is an essential part of our home. Nothing feels more satisfying than pampering the taste buds with the home made foods. They are not only nutritious but more hygienic too. You may enjoy having dinners in restaurants, but it won’t last for long. At the end, everyone return back to the home cooked food. We always love to share our kitchen with our mom, wife, spouse, and even children. We enjoy experimenting with various dishes, and love to bring something new out of it, off course something delicious.

Buying a kitchen appliance from home furnishing furniture is a major decision as once you purchase it you expect it to work for you for at least a decade or more. In addition, these appliances are expensive too. A little research about the products available in the market is very much required. It saves you from the hassles of exchanging the product after you purchased or dealing with it even if you do not like it. Ask your friends and relatives who have a bought that kind of product as mixer grinder and mixer juicer recently. Reading online reviews about the product posted by the real consumers can go long way to help you make a decision.

Another important thing you need to do before you go to buy from any online kitchen store USA, is measure the space in your kitchen where you are going to put this product. Along with appliance measurements, consider the door clearance also. Door clearance space is very important as to use the things you need to open them!

These days, online kitchen store usa is better option than from a brick-and-mortar store. There are various reputed online retail stores which offer good deals for every product you are looking for. However, if you like to touch the products, open and close the doors or other considerations, then visiting real stores is good for you. Otherwise, shopping from online store not only save you money but also time, energy and hassles. Most online shopping stores sell myriad categories of products right from electronics, computers & peripherals, home & kitchen appliances, mobiles & phones, camera & camcorders, music & movies to gifts, health & beauty products, games & toys, home décor items, kitchenware, books, food processors, etc. to the buyers’ advantage.

Ideal Bedroom Furniture For Different Kinds Of Bedroom

Do you want to have your every own signature styled bedroom? Of course you do. Ideas for bedroom design vary depending on the age of the person who will be using the room. Other important things to consider are your budget and preference of design and style. Bedroom furniture can shape your bedroom be it traditional or contemporary. Here are some bedroom plans for teenagers, kids and master bedroom.

For kids’ bedroom furniture plans, a bunk bed is the most essential element of the bedroom. Bunk beds are available in different designs and sizes in the market. To make space for kids to play, bunk beds can be pushed inside. For an alternate option, loft beds are also great addition to the room. Other kids’ bedroom essentials are wardrobe with a mirror and a desk or a writing table. It is recommended to have minimal bedroom furniture and more space since kids are usually playful in this stage.

For a teenager’s bedroom, since they are into music, sports and movies, it is wise to design the bedroom furniture to a certain theme. For girls, a floral theme with vibrant colors of pink and orange is recommended. Boys will prefer a theme with sports or music with black, blue or red colors. This is the time of their lives to become fashion conscious, so it is suggested to have a lot of space for shoes, clothes, books and even sports equipment. They will also love it if you put in some posters of their favorite rock star of sports icon.

Decorating the master bedroom is perhaps the easiest to do since you know what exactly want to do with it. For a classic and elegant look, opt for solid wooden bedroom furniture. Add a touch of rich traditional ambiance by placing furniture with French style and design.

For a more contemporary look, choose furniture that has metal accents and less wood elements. Furniture with powder coated metals, fiberglass, chrome, glass and plastic provides modern hint to the master bedroom. With these types of contemporary furniture, you can also choose the perfect color to match the hue of the room.

Space Saving Home Office Furniture

Working from home is a dream for many, and is becoming a reality for more and more people as traditional job structures change, and as an increasing number of internet-based opportunities become available. But working from home can be inconvenient or uncomfortable if your home office feels crowded or cluttered. For the ideal remote work set up, you need home office furniture that’s comfortable, space efficient and stylish. Here are some simple guidelines to help you find the perfect home office furniture for your needs.

Space is the primary issue for most home offices. Often, a home office needs to be multifunctional. Whether your home office doubles as a guestroom, craft room or even a family room, you need furniture that’s versatile and functional. Additionally, your office furniture should never make you feel cramped. Remember, the more practical and efficient your workspace, the more practical and efficient your work habits will be.

Home Office Desks

When you’re shopping for a home office desk, look for models that have additional shelving for a phone, fax, printer and files. Vertical shelving can be a tremendous space saver for every home office.

It’s also wise to choose a desk on wheels. A portable workstation gives you the flexibility to move your desk into the corner or up against a different wall when you need additional space. If you’re a laptop user, consider a convenient laptop caddy. These small, lightweight desks securely hold your computer while providing a comfortable, portable workspace.

Health experts recommend that those who work on computers for long periods elevate their feet using a small stool throughout the day. This helps to promote healthy circulation and prevents aches and fatigue. For your home office, consider using a small, multifunctional stool that has an inside compartment for storage. You can keep CDs, extra pens and other useful office supplies out of the way to prevent clutter.

Home Office Chairs

Office chairs with ergonomic designs are great for your back and can reduce tension and aches throughout your workday. Furthermore, you can find them in a wide variety of styles and designs, many of which have clever space saving functions. Look for ergonomic chairs with back storage pockets and armrest cup holders, for example. You can also create your own customized chair with storage pockets that you can strap on to the side or back of your chair. This gives you even more control over your workspace, and lets you put storage compartments in the most convenient places possible.

Home Office File Cabinets
A file cabinet can provide you with storage for your files, notebooks, and supplies. It can also provide an additional hard surface to work on when you need to maximize your workspace. File cabinets are available in several colors and styles. They can be made of wood, metal, or another material such as fiberboard.

Home Office Storage Solutions

Desk caddies are great for organizing and sorting loose papers, bills, important messages, pencils, pens, markers, letter openers, staplers, paper clips, stamps, stationary and other office essentials. These convenient little tools can help you stay organized and prevent desk clutter, which can make it difficult to focus.

Stackable bins and tote boxes are great space savers and super organizers when used in home offices. As an added perk, these bins and boxes come in a wide array of colors so you can add some personality to your home office.

Wall hooks, over the door hangers and shelves can help keep the things you use frequently from overtaking your working surfaces and the floor. Using your walls for additional storage is a great space saving technique that can make even the smallest spaces feel open and spacious.

A leather or fabric covered bench with hidden storage can serve two purposes in your home office. It can store office supplies and also function as comfortable seating for clients and visitors. There are different heights and lengths of storage benches to choose from. Of course, it’s a good idea to measure your space before making a purchase.

Space saving home office furniture can help you create a serene workspace where you can really focus on important tasks. Whether you need a desk, office chair, filing cabinet or other storage solutions, it’s important to look for the most space efficient products available. Again, making smart use of your vertical wall space can do wonders in this regard. Take the time to shop around to look for the best deals, and be sure to look online for discounts and sales. Make the most out of your work space with functional, attractive, and space-saving home office furniture today