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KwaZulu-Natal Business 2018-19 edition

  • Text
  • Agriculture
  • Sappi
  • Nedbank
  • Mondi
  • Toyota
  • Coast
  • Logistics
  • Transportation
  • Port
  • Durban
  • Durban
  • Natal
  • Kzn
  • Durban
  • Municipality
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  • Economic
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The 2018/19 edition of KwaZulu-Natal Business is the 10th issue of this highly successful publication that, since its launch in 2008, has established itself as the premier business and investment guide for the KwaZulu-Natal Province. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on the investment prospects of Durban (eThekwini) and on the specific attractions for investors of other regions throughout the province. We are pleased to include a survey of the province’s economy from Trade & Investment KwaZulu-Natal, the dedicated trade and inward investment promotion agency that promises to be “your knowledge partner in business”. To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.kwazulunatalbusiness.co.za. Updated information on KwaZulu-Natal is also available through our monthly e-newsletter, which you can subscribe to online at www.gan.co.za, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.

INTERVIEW Improving

INTERVIEW Improving valuations and rating Janet Channing, Managing Director of MetGovis, explains the importance of reliable property information. BIOGRAPHY Janet Channing, Managing Director of MetGovis, is a registered professional property valuer. Janet has extensive experience within local government, specifically in the areas of municipal valuation and rating. Janet is a member of the South African Council for the Property Valuers Profession and the South African Institute of Valuers, where she served on the KZN Branch Executive. Janet’s qualifications include a Master's in Applied Ethics, National Diploma in Real Estate, a project management diploma and a post-graduate diploma in human resources management. She is a RICS commercial mediator, an accredited trainer, moderator and assessor. She endorses the need for an accurate geospatial property register as the hub for all property related data within municipalities. What does MetGovis do? MetGovis provides property software and consultancy solutions to clients within the public sector. Our core business provides technology solutions to support municipal valuations and rating processes. The flagship solution is a valuation roll management system known as MetVal. This solution interfaces with the municipal billing systems and extracts business intelligence to inform and develop revenue management strategies for municipalities. The process starts with an assessment of how completely and correctly a municipality is currently billing, where there is “revenue slippage” and how it may be done better. The MetGovis InSight product provides accessible spatial reports showing the details decision-makers need. Pictures and maps are quick to interpret and understand. Why is the Municipal Regulations on a Standard Chart of Accounts (mSCOA) important? mSCOA prescribes the standardisation of local government budgeting, transacting and reporting to ensure transparency and improve account-ability in municipal finance management. The objective is better reporting uniformity and easier comparison of information in respect of revenue, expenditure, assets and liabilities. Valuation rolls are an important asset, containing as they do the market values for all registered properties. The valuation roll is housed and maintained within a valuation roll management system, such as MetVal. Why is an accurate spatial property register important? The spatial property register comprises all registered and unregistered properties within the municipal jurisdiction. This is the single version of the truth and the hub of all property-related data within the municipality. All revenue needs to be reported against its source and all expenditure should be reported against where the services are delivered. An accurate property register and the right software reporting platform is like having “municipal google in your pocket”. Where are you active? We have an extensive national footprint and our clients in KwaZulu- Natal include Newcastle, Msunduzi, uMhlathuze, Umvoti, Ulundi, Mthonjaneni and uPhongolo. KWAZULU-NATAL BUSINESS 2018/19 20

WE MAKE IT EASY MetGovis is the leader in property & revenue management solutions ACCESSIBLE RESPONSIVE TECHNOLOGY PLATFORM MetVal mSCOA enabled and MPRA compliant Valuation Roll Management System to manage the entire valuations and rating process. MetVal integrates the consolidated financial and valuation rolls with the relevant municipal billing system on a roll-by-roll basis. MetVal uses an Automated Programmatic Interface (API) to achieve seamless integration. The system's CAMA provides regression modeling for the mass valuation of property for municipal rating purposes. MetVal provides a suite of standard reports including for all the statutory notices required by the MPRA under sections 49, 53 and 78. MetVal works in real-time to maximise municipal revenue by maintaining the valuation roll and integrating with the billing system. MetVal has a sophisticated audit trail and other security features that promote good governance, accountability and transparency for all users of the system. InSight OUR SERVICES MetVal Valuation Roll Management System mSCOA Enabled & MPRA Compliant Property Valuation and Consulting InSight - Revenue Management Training & Skills Development Rates Consultancy Services Software Development Asset Management Lease Management A toolkit that uses spatial reporting to identify billing discrepancies and sources of ‘unknown’ revenue thereby supporting effective municipal revenue management. Roll Validation GIS Services A complete and accurate geospatial property register will provide municipalities with the relevant spatial details to identify where arrears are being incurred, to map their debtor analysis and to acknowledge the origin of their revenue. The benefits to the municipality are a comprehensive spatial report indicating how completely and how correctly the municipality is billing. This revenue intelligence will support a Clean Audit result for the municipality. Please contact us on 033 343 2868, via email at admin@metgovis.co.za or visit our website at www.metgovis.co.za KWAZULU-NATAL BUSINESS 2018/19

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