Company News

UPDATE ON WESTERN CAPE DAM LEVELS FROM THE OFFICE OF MICHAEL TOLLMAN, CEO OF CULLINAN HOLDINGS

Posted: 10th July 2018

The miraculous increase in Cape Town dam levels continues. Dam levels have now reached the very positive level of 53% at 9th July 2018. With snow on the mountains and more rains predicted next week, Western Cape dam levels could reach 60% by the end of July 2018. This is currently over double the level of Western Cape dam levels in the prior year. With daily water consumption still at 50% of the prior year, the Cape Town drought seems to be well and truly over....

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Tourism continues to be the main provider of employment in the Western Cape, and Cape Town is excited to welcome back visitors and tourists who are vital to the Province’s economic and social wellbeing.

 

Cape Town continues to stand out as an example of what a common commitment to water sustainability can achieve. We recognise and thank all stakeholders who have played an important role in this achievement.



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UPDATE ON CAPE TOWN WATER MANAGEMENT AND DAM LEVELS FROM THE OFFICE OF MICHAEL TOLLMAN, CEO OF CULLINAN HOLDINGS.

Posted: 26th June 2018

'A miraculous increase in dam levels in one month with improved winter rains and a 50% savings in daily water usage in the Western Cape effectively sees the end of the Cape Town’s severe drought according to Cullinan Holdings'...

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Western Cape Dam levels on June 25th 2018 stood at 42.7% full versus 24.3% in 2017 and 35.7% in 2016.

 

Western Cape Dam levels on 30 October 2017 were 38.5% and on 30 October 2016 were 60.4%. Based upon available information Western Cape dam levels at 30 October 2018 are expected to be above 60%. This is a massive and miraculous turnaround from dam levels over the period December 2017 to April 2018.


Whilst Cullinan Holdings remains supportive of water restrictions and continued sustainable water wise practices to ensure continued increases in dam levels. The severe drought is effectively over, with water usage continuing to be well controlled by local residents at 50% less daily usage versus the prior year. The Western Cape has also experienced improved winter rains compared to the prior year. Tourists are welcome and are important to the Western Cape economy, and can enjoy all that the amazing Western Cape and South Africa has to offer with peace of mind.


Recognition must be given to the various stakeholders, from government stakeholders to farmers, Cape Town businesses including hotels and local residents for reducing consumption and implementing sustainable water wise practices and reducing daily water consumption. As a result the City of Cape Town has been an example to the world of what can be achieved when all stakeholders come together and work with a common objective.


Tourism continues to be the main provider of employment in the Western Cape, and is crucial to normal daily life. Cape Town is open for business, excited to welcome back visitors vital to the province’s economic and social wellbeing.


Visitors from across South Africa and the world have watched to see when and how Cape Town will recover from this unprecedented water crisis that faces over 120 cities worldwide. Cape Town has come through the crisis wiser, smarter, more united and more committed to tourism than ever.



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SEASONAL CAPE TOWN RAINS AND WATER SUSTAINBILITY MEASURES RENEW CONFIDENCE IN CITY TOURISM GROWTH & OPPORTUNITY

Posted: 14th June 2018

Annual rains have arrived in Cape Town, bringing with them not only much needed rains, but renewed excitement and reinforcing the message "We’re open for business!""

Tourism leaders are "forging ahead with plans for tourism growth in Cape Town and the Western Cape" – a clear message from a group of industry heavyweights as the region heads into a full-speed recovery from water shortages in 2017 and earlier in 2018...read-more


The region's rapid and pragmatic response to what was a tough period of drought via crisis management from both public and private enterprise has set an example of water-wise tourism to the world, and ensured that it’s able to continue with relative normality, embedding Tourism as a vital source of appeal, and contribution, to the city and province. In the past year, the City of Cape Town has reduced its daily water usage by over 50%, setting a new world-class standard that the rest of the world should look to emulate.


A variety of initiatives back this confidence, ranging from alternative water sources becoming available, strong early May 2018 winter rains , and a steady increase in dam water levels coupled with a broader swing to water-sensible lifestyles by the local population and local businesses. The industry is united in the need for long term water resource management, putting smart solutions into effect that reduce water wastage, echoing long-standing reassurances to visitors that the city and province remain a world-class destination that should continue to entice the global traveller and locals looking to explore the unparalleled attractions and experiences. "Our hotel partners and our other travel partners with us, have acted with urgency to ensure that our businesses are ready for visitors to Cape Town from across the country and the world," states Michael Tollman, CEO of Cullinan Holdings.


With rains falling Tollman continues: “Now more than ever is the time to come and see for yourself that the Cape is waiting and ready to provide a wonderful and unique experience – one that has, and will continue, to make Cape Town a dream location for tourism, investment and trade. Throughout this period, we have coordinated as an industry to share the latest, expert information, and our current status is that for the first time dam levels for the Western Cape are well ahead of the previous year. Globally, with over 120 cities facing risks of water scarcity, Cape Town has garnered unprecedented interest and respect in how the city’s water crisis has been managed, making the city a leader in water-wise, smart solutions for sustainable urban growth and development. Whether you are looking to investigate trade and investment opportunities, business travel or simply enjoy a break, now’s the time to do it,” Tollman states.


This consensus view is echoed by Danny Bryer of Marriott as well as Keith Randall, CEO of the Hospitality Property Fund and Michael Nel, General Manager of Red Carnation Hotel Group. A variety of initiatives across the hospitality sector, including hotel groups such as Red Carnations Hotel Group, Protea Hotels by Marriott and many others , have adopted water-wise principles which are enjoying an enthusiastic response from guests.


"Our Hotels and businesses in Cape Town have adapted to a new normal of water-wise tourism, and we are pressing ahead both as individual businesses and collectively as an industry to ensure tourism sustainability is in tandem to experience in the tourism delivery,"" Tollman concludes.


Additional information:

Tourism contributes to a multi-billion dollar sector that supports over 300,000 direct and indirect jobs in the Western Cape Province, of which Cape Town represents the jewel in South Africa’s crown.


The new water programme by the city of Cape Town includes ground water abstraction from underground aquifers, temporary desalination and re-claimed/re-used water, which already supplies 12 percent of the city's daily usage, and would increase to more than 45 percent within a year. With dam levels well up now on the previous year, continued water wise efforts by the local population, and good winter rains, the situation is expected to much improved and these additional measures may simply be back up and safety systems for the future.

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UPDATE ON CAPE TOWN WATER MANAGEMENT AND DAM LEVELS FROM THE OFFICE OF MICHAEL TOLLMAN, CEO OF CULLINAN HOLDINGS.

Posted: 14th June 2018

It is with great pleasure that I can report that the annual rains have started in Cape Town, rebuilding water supplies and tourism confidence. Now is the time for visitors to come to Cape Town... read more

 

The water situation in Cape Town in the past few weeks has significantly improved. As of June the 11th, the Cape Town dam water levels are at 31.8% % versus 20.9% a year ago. This is the first month that current dam levels have exceeded the prior year, and are early signs that the water situation in Cape Town is significantly improving for the year ahead.
 

In tandem, water-wise measures have meant that daily water usage continues to be at least 50% below the prior year, and early May winter rains are better than the previous year. As a result Cape Town dam levels have recently increased by over 12%, and are now well ahead of prior year dam water levels (after trailing the prior year dam levels by 1.5% in April 2018).
 

With these good early May winter rains, water conservation by residents, farmers, businesses and government stakeholders, increased ground water usage via bore holes, desalination plants coming online, all point to a lower risk of water problems in 2019. Looking ahead, winter rainfall in 2017 was especially low, and latest weather forecasts (although not reliable) predict a wetter winter rainfall in 2018.
 

That said, the City of Cape Town continues to need to keep water restrictions in place in order ensure that daily water usage continues to be well below the prior year. For the moment it remains very important to maintain daily usage restrictions in order to ensure that dam levels continue to improve for the year ahead.
 

Hotels have been very successful in reducing their daily water usage by 45% versus the prior year as a result of various smart water wise measures. Tourists have responded favourably and supportingly to the request to be water wise, making the impact on the hotel guest experience minimal. Tourism continues to be the main provider of employment in the Western Cape, and is crucial to normal daily life. Cape Town is open for business, excited to welcome back visitors vital to the province’s economic and social wellbeing.
 

With water conservation systems now in place in the Western Cape, good early winter rains received, and winter rains expected to be as good or exceed the prior year, Cape Town dam levels are expected to much improved for the 2019 year ahead.
 

Visitors from across South Africa and the world have watched to see when and how Cape Town will recover from this unprecedented water crisis that faces over 120 cities worldwide. Cape Town has come through the crisis wiser, smarter, more united and more committed to tourism than ever.

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CULLINAN SHARE OPTION SCHEME

Posted: 5th March 2014

Cullinan Holdings Limited are pleased to announce that the Share Option Scheme has been approved by shareholders at the General Meeting held on the 26th February 2014. The rules of the scheme and some frequently asked questions (FAQ's) are detailed below.

EDUSPORT ACQUIRES PEAK INCENTIVES

Posted: 4th March 2014

Cullinan are pleased to announce that Edusport (A subsidiary of the Company) recently concluded a deal to acquire the business of Peak Incentives. Peak is an established Incentive Operator, offering corporate incentives to a number of blue chip clients in the Financial Services and automotive industry. We welcome the Management and staff of Peak to Cullinan and wish them every success in the future. Peak will operate from Travel House in Johannesburg as of 1 April 2014.