Tag: markets

Pyrotechnical Marketing (Pty) Ltd (Pyrotec), which includes TOWER, PackMedia and PackMark, has been operating as one company for the past 50 years. In the last two years, the PackVerifi, Pyrotec Finance and PackLink brands have been added to the company’s service offering.

‘These new brands relate to PackMark and PackMedia, both servicing industrial sectors. However, TOWER, which incorporates office and hardware products, kid’s and signage ranges and MyTowerLabels, serves completely different industries – retail and commercial customers,” says Rowan Beattie, Pyrotec’s MD.

“As markets and customers continually evolve, and their requirements become more demanding and specialised, we have decided to separate TOWER from the Pyrotec brands to enable each company to focus on its strengths and continue to grow within its markets,” Rowan adds.

TOWER will move to new facilities with ownership and leadership in the hands of Stephen Beattie, Managing Director and his current team.

As southern Africa’s largest business stationery and home label supplier, the TOWER brand is dedicated to supplying self-adhesive labels that make your life easier. “We pride ourselves on delivering the broadest range of high-quality products to meet consumers’ needs,” says Stephen.

Products include general stationery labels that help consumers to identify items, provide important information, and assist with office and home organisation. TOWER also supplies A4 printable products and accessories that boast the most technologically-advanced inkjet-laser labels – the only African label brand to feature templates on Microsoft software – and a range of superior-quality photo paper. Other ranges include hardware products and signage for business and home environments, and MyTowerLabels’ simple, reliable labelling solutions for school stationery, uniforms and clothing items. ‘Our labels are tried and tested to mark and protect our customers’ valuables,’ Stephen explains.

The TOWER kid’s range of products encourages children to engage in educational activity-based fun while developing new creative skills. The products focus on building fine motor skills, encourage sensory play and promote problem solving skills.

Products include an extensive activity based Arts ’n Crafts range, the Little Genius range that engages children’s curiosity for exploration and discovery, Splash ’n Learn bath activities, and the Reward Sticker range that focuses on building self-esteem in the classroom environment.

For the Pyrotec brands – PackMedia, PackMark, PackVerifi, Pyrotec Finance and PackLink – it’s business as usual with Timothy Beattie as General Manager of PackMedia and Brandon Pearce General Manager of PackMark and their relevant teams. Rowan continues to be involved with the day-to-day activities of Pyrotec with his experience going back over 50 years. Pyrotec is renowned for its innovative production focus and long-standing relationships with customers and suppliers.

No one knows where the rand will go

It’s anyone’s guess where the rand is headed.

Donald Trump’s US election victory has caught the world’s most volatile currency in a tug of war, with end-2017 forecasts ranging from a 9% gain to a 14% retreat against the dollar, estimates compiled by Bloomberg show.

That’s the widest distribution since at least 2006, when Bloomberg started tracking the data.

Working against the rand are concerns a Trump presidency will force the Federal Reserve to quicken the pace of interest rate increases, eroding the extra returns from riskier emerging-market assets.

At the same time, Trump’s plan to spend as much as $1trn on infrastructure has boosted commodities, which are South Africa’s main export earner, and prompted Goldman Sachs to recommend investors bet on higher prices next year.

The most bullish forecast for the rand, which envisages the currency at R13/$ at the end of next year, has a 60% probability, according to options data compiled by Bloomberg.

The most bearish prediction from the more than 15 analysts polled is for a level of R16.50.

The rand was trading 0.3% higher at R14.20 at 08:00 on Thursday.

“There is something going on in the rand that I cannot put my finger on,” says Umkhulu Consulting analyst Adam Phillips. “It tested 14.02 a couple of times yesterday in the morning session before the US durable goods number and the Fed minutes for November were released.

“Even the local CPI data should have been a pointer that rates will stay at current levels for some time,” he said. “The US durable goods was a kicker to see the rand move up to 14.28 at one stage, but the lack of liquidity has brought it back to 14.20.

“This is in contrast to the euro and the Japanese yen, which have sunk to new short term lows on the back of the USD powering ahead before the Thanksgiving holiday.

“I am not sure what today will bring: it could be quiet, but then the lack of liquidity could move it around.

“Maybe my finger should pay more attention to the Moody’s announcement for SA tomorrow. That is possibly why they are not selling more ZAR at the moment.

“If they don’t change their rating the market will be slightly paralysed until the S&P announcement on 2 December.

“If they did change their rating it will probably make it easier for S&P to downgrade and then the 14.75 level comes into play with 15.30 the next stop. If the ratings don’t move then an initial test below 13.80 will be on the cards,” he said.

By Xola Potelwa with Fin24

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