In 1923, the leading wool companies opened the Durban Central Wool Exchange, the first such exchange in South Africa. Situated in the wool trade area on the Victoria Embankment, all wool auctions ...

By 1979, the KWB had ceased trading in Durban. The following year, Labuschagne died aged 99, just two weeks shy of his 100th birthday. Truro House at 17/18 Victoria Embankment (March 2025).

After Reid & Acutt disposed of their Smith Street premises, they moved to the Victoria Embankment which quickly became the centre of the wool trade in Durban. A large warehouse was built in Mona ...