Digital Magazine ENTREPRENEURSHIP. LEADERSHIP. BUSINESS
CAREER & LIFE
MOTIVATOR. MENTOR. BUSINESS WOMAN
“ I AM MORE ABLE THAN DIS-ABLE ” Home Grown Edition - Aug 2010
BUSINESS TIPS EVERY
7 ENTREPRENEUR SHOULD KNOW
PUBLISHING CREDITS CHIEF EDITOR Benito Mamaile email@example.com EXPERT CONTRIBUTORS Morgen Moyo Isaac Ndhlebe Malethola Matube Jacques Loots Elena Agaragimova Ryan Bubear
Mapule Moloto CEO, Mapule Moloto (Pty) Ltd
PICTURES Aviwe Media Photography Cover Photo Credit: Aviwe Media
DESIGNERS Jabu Mataboge
PAGE 04 - 06
LEGAL Loots Attorneys ACCOUNTS Istora Rapule firstname.lastname@example.org DISTRIBUTION Intellectual Media and Communications (Pty) Ltd PUBLISHED BY Intellectual Media and Communications (Pty) Ltd 81 Cassandra Avenue Bedworth Park 1939 Office Hotline
CEO, Mapule Moloto (Pty) Ltd
04 - 06
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Mind Mapping: 7 Tips Every Entrepreneur Should Know 18 We Are Hiring: Are You In Sales, Join Our Team
Profile My Business: Connect to Top-Rated Businesses 08 Cars: Volkswagen Unwraps New Atlas Cross Sport
Golf & Personal Mastery: What Golf Taught Me About Building Wealth
Legal Tips: FICA: Are You Compliant?
20 - 24
Coaching & Mentoring: Breaking Bad Habits
25 & 26
National Business Xposure and Intellectual Media and Communications considers its sources reliable and verifies as much data as possible. National Business Xposure (EAN 0 606110 895835). However, inaccuracies can occur, consequently readers using this information do so at their own risks. National Business Xposure does not accept responsibility for omissions or errors. the points of view expressed in articles by attributing writers and/or in advertisements included in this magazine do not necessarily represent those of the publisher. Any resemblance to real persons, living or dead is purely coincidental. Whilst every effort is made to ensure the accuracy of the information contained within this magazine, no legal responsibility will be accepted by the publishers for loss arising from use of this information published. All rights reserved. No part of this publication may be reproduced or stored in a retrievable system in any form or by any means without the prior written consent of the publisher.
Benito Mamaile, Chief Editor . . .
FICA : Are You Compliant?
By Benito Mamaile
apule Moloto was born in Sebokeng Zone 10, I was birthed differently from my two siblings, I was born with two disabilities Epilepsy and Cerebral Palsy, but I overcame one due to grace of God, as today I’m no longer suffering from epilepsy anymore. I underwent a very weird birth, according to the doctor, I did not cry when I was born as other children do. Having the support from my parents, I went to a special school in Soweto for my primary education, unfortunately I did not do well and was forced to come back home. “I was very frustrated, I thought God was angry with me”.
I learnt to accept my disability, because I have more abilities than disabilities. I learnt to accept my disability, because I have more abilities than disabilities. I carried on with my education moving from one school to another. I left school and focused on handwork school where business idea was natured and embraced. I love cooking and baking despite my situation. I pushed myself harder. I made peace with my situation and decided to live my life and lead by example and continue to be an inspiration to other disabled people. I started a movement where I visit schools and educate about disabled people. I am a businesswoman, mentor and a great motivator who desires to build my own legacy in this world and for disabled people. I am humble and a people’s person. And I believe that I have been given this life for a purpose. I have founded Mapule Moloto (Pty) Ltd, the company that I have named after myself.
Q&A Benito Mamaile: That’s a powerful introduction, this is truly an inspiration to share your life with our readers all across the world. Mapule Moloto: Thank you very, I’m honored as well to be part of such a big publication. BM: So, have you ever experienced discrimination because of your disability? MM: Discrimination is all over the world. Getting to a building that is not user friendly for people living with disabilities is discrimination on its own so to answer your question, yes I have experienced discrimination.
BM: Can you tell us about your future goals? MM: Mapule Moloto the brand is caterer and a motivational speaker. It used to sadden me when I see people living with disabilities being treated badly. And again seeing them having to beg to make a living. That’s what led me to offer assistance through by motivating and giving them advices. BM: What motivates you to overcome challenges that you face?
MM: I have a very strong support system. My mother is a very strong woman, family and friends that I have and my faith in God. BM: What is the toughest decision you had to make in the last few months?
MM: Making a decision to study a course of being a life coach after countless months giving it a thought.
Remember, we are all put on this Earth for a specific purpose, and it is up to you to decide what your purpose in life is and fulfil it to the best of your ability. BM: Who is a person that you considered as a role model early in your life? How and why does this person impact your life? MM: My mother because I'm where and who I am because of her. She is the one who helped me to stand on my feet. She’s everything to me. BM: What are your top 3 short-term goals for Mapule Moloto? MM: Well, firstly: • To have my own office • To make a success of my motivational speaking business • To reach a goal that I've set, that is to change the mind set of most disabled people. Gauteng Enterprise Propeller Pitching: Sedibeng BM: Tell us about your biggest achievement?
MM: My biggest achievement was being awarded Young Person with Disability Award in 2014 by the Sedibeng Municipality. I am one of the graduates from the Tiger Brands Enterprise Development Programme in 2011. One more thing I take pride in, is to have organised events for women with disabilities and mother who have children with disabilities. That alone, pleases my soul because it was my way to give back to the community. BM: What are the most useful resources that you would recommend to someone looking to gain a better perspective into becoming a better entrepreneur? MM: Respect and maintain a good relationship with your clients. And always invest more time in your business. BM: Do you have a mentor? If so, what traits are you seeking in a mentor and why? MM: No, I don't have a mentor I'm looking for one. But I look up to people who are in business especially the ones who got the fundamentals right. Email firstname.lastname@example.org
BM: What moment are you the most proud of?
MM: Being awarded funding from Gauteng Enterprise Propeller. BM: What have been some of your failures, and what have you learned from them?
MM: Experiencing a shortfall in my catering business. I have now learn how to use money wisely. BM: Which book had the biggest impact on your life and helped you to get where you are?
MM: Is the Bible, the word of God keeps me strong and it gives me all the wisdom that I need in life. BM: What is your favorite quote?
MM: One of my motivational quote: As a person with a disability, you should not wait for an opportunity to be written, "People with disabilities". As long as you meet the requirements, go for it. You have nothing to lose. That way, you are opening new opportunities for your life. So don't let your disability or fear control your life. You have all the ability in you! Use it! You hold the keys to make your life BM: What advice can you give to other women who are living with disabilities?
MM: Just because you were diagnosed with a specific disability, don't let it bring you down. Rise above all of your obstacles. Prove to everyone in your path that people with disabilities are capable of anything they set their minds to. We can do anything anyone else can, just in a different way. Keep a positive mind. BM: What is the best piece of advice you would give or share?
MM: Do not sit around feeling sorry for yourself or become mad at God for making you this specific way. Remember, we are all put on this Earth for a specific purpose, and it is up to you to decide what your purpose in life is and fulfil it to the best of your ability. We only live once, so we only have one opportunity to leave a lifelong impression on others who will come after us.
I leave you with these two final questions: What do you want people to say about you when God calls you to join him? What do you want your legacy as a disabled individual to be? On behalf of National Business Xposure, Iâ€™d like to say: Thank you very much for taking the time chatting to us and connect with our readers all across the globe. We really appreciate the opportunity
Is your CAREER going nowhere FAST?
Have you talked about your interest in a move or new challenge with management or human resources? If you want to move to another company or even another industry, take the time to do some groundwork before making any decisions:
Have you researched the types of roles that may interest you, learned more about who’s hiring, and updated your CV?
Do you know anyone in your network who can share advice or insights into the career that interests you?
Whether you want to stay with your current employer or move elsewhere, the next thing to think about is professional development. Training and professional certifications, regardless of the field you work in, are invaluable tools to help you not only land a new job, but help you excel in it. To that end, ask yourself: •
Would you need a certification or a relevant degree, or other experience, for the new role?
Will your current skills/job role still be relevant in the next 5 to 10 years?
If you answered ‘yes’ to any of these questions, it’s time to look at how to progress your career.
Is there a professional development program within your current company, or a professional / industry association, that you could join?
A change is as good as a rest, as the saying goes, and rethinking your goals and transitioning to the next phase of your professional life can rejuvenate you and your work life.
Does your company offer scholarships for an MBA or other professional program that might benefit your career development and progression?
Have you attended any recent conferences or seminars related to your industry? (These can be fantastic networking opportunities and a way of staying up-to-date on the issues affecting your chosen field).
Has your career hit a plateau? Has your job become so easy and routine that you can do it without thinking? Are you losing motivation?
Most of us spend an enormous amount of our adult lives at work, so don’t underestimate the value of shaking things up and finding a more rewarding path. Every journey starts with a small step. In this case, that first step is setting out a strategic road-map for where you want your career to go. If it feels a bit overwhelming, you’re not alone: job seekers often put a lot of pressure on themselves to figure out their entire futures all in one go. As a result, we may feel a little unsure where to start, so we take the easier route and stay where we are, rather than the tougher task of working out where we’d rather be going. A strategic approach to planning your next move can help make this major decision a lot easier by breaking it down into smaller and much more achievable objectives. Starting from square one, the first question to consider is whether you want to stay with your current employer or move on. If you are happy with the company you work for but want to seek new challenges and opportunities, ask yourself: •
Is there a higher-level role or a different department or function within the company that you’d like to move into?
It is never too late to progress your career but you have to be honest with yourself about where you are now professionally; where you want to go; and what you need to do to get there. Understand your skills and experience, and how you can use them in your career progression. Use your network and friends to listen and learn, and then to get the word out. Make a start today!
Elena Agaragimova Agar Consultancy Career/Performance Consultant – UAE, Dubai Email email@example.com Elena Agaragimova
Per-Trade 119 cc is a growing enterprise that trades in all aspects from supplying goods & services to public and private entities. Of these services, the main focus is Industrial vacuuming using high pressure applications, pumping & disposal of waste water (e.g. sewer), drain cleaning, carting of drinkable water, containment of industrial spillages as well as cleaning of both spillages and debris at accident scenes. Overview of Our Service: Industrial Cleaning Services, Transport, Plant & Equipment Hire, Tank Degassing, Consulting & SMME Development.
Ramza Communications is an integrated brand and corporate communications consultancy situated within the heart of The Vaal, Vanderbijlpark. We are driven by achieving measurable business results for our clients. We believe there is an interesting, creative way of telling every story, and we make it our business to do so. Ramza Communications, is home to a team of creative, dynamic and highly skilled consultants. Founded in 2017 by MD Ramaja Setale, we now employ passionate individuals from diverse professional backgrounds, we share a common goal to achieve exceptional, measurable results for our clients
Iketsetse Bo Ka Moso Bakker Groupâ€™s core business is designing, manufacturing and distributing springs and related products worldwide. All of our products are produced with the greatest care and are of the highest quality. There are many sizing possibilities. We also offer maintenance for all our products, such as chroming, powder coating, nickel plating, to name the few. Various packaging options are available. Our range of products are more focused on these markets/ industries Agriculture, Machinery, Hydraulic Systems, Filter Systems, Mechanical Engineering, Furniture, Household Appliances, Game Sports Equipment.
SimCed was formed in 2017, specializes in Guarding and Patrolling: Commercial Industrial or Residential, Safeguard Assets In Transit Secure Transport. Personal Protection: Body Guarding, Functioning as Private Investigation, Providing Reaction or Response services, Proving Security at Special events, Car Watch or related activities. Ensuring: Safety and order on premises (Sporting, recreational entertainment, Monitoring signals from electronic security and equipment security control room
OUR EXPERIENCE Our Construction Management (CM) team is closely involved in the planning and design phase and typically joins the project at the same time as the architect.
Danville Social Housing
We provide input on constructability, budget, and schedule, which reduces costs. During the construction phase, our full-time supervision team is on-site, monitoring work to assure compliance with speciﬁcations, budget and schedule.
We continually keep abreast with new developments in all fields of the construction industry Golden Gardens
OUR SERVICES RANGE
Civil engineering works
Construction of roads
Storm water infrastructure
Water and sanitation infrastructure
Affordable and subsidized house building works
Materials Procurement and Distribution
Capacity Building and Skills Training
Program and Project Management
Golden Gardens Road Works
The core business model of Gamont Housing SA is the servicing and building of low cost Housing within South Africa. Since 2004 Gamont Housing SA has completed in excess 100 000 units in the South African Housing industry. Projects range from RDP social housing to bigger Bonded Housing in disadvantaged communities. Gamont Housing SA has experience in the following areas of Housing Development.
Peoples Housing Projects Essential construction services RDP housing Developments Community upgrades Bonded Housing Development Building of Schools Bridges, Dams & Roads Shopping Mall Developments
Office | +27 (0)16 421 5082 Fax
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MULTI AWARDS WINNER
â€œ A multi-award winning and highly certified company â€? Since its inception Gamont Housing SA has been awarded numerous awards of excellence.
Best Developer in Gauteng in 2008 Best Priority Project Award (Provincial and National) in 2013
Govan Mbeki Awards in 2012
Govan Mbeki Awards in 2013
Govan Mbeki Awards in 2015 SA Construction Awards - Employer of the Year in 2016
Govan Mbeki Awards - Best Informal Settlement upgrading Project in 2016
3. YOU MUST TAKE RISK AND MAKE CORRECTIONS.
Cheyenne Woods American Golfer
Like golf, building your wealth, a career or business requires strategically taking calculated risk to reach your full potential. Playing it safe rarely produces victory, matter of fact playing it close to the cuff will only keep you stuck and frustrated without experiencing growth. I realize it’s easy to get into trouble quickly but that’s part of the game. One bad shot in the water or out of bounds can be disastrous. One poor career or business deal can be equally devastating. Sure, it may not destroy you but it can come close if you don’t handle the mistake(s) quickly and properly. The key is to learn from every situation and make the necessary adjustments to not just keep you on track but ultimately grow.
What Golf Taught Me About Building Source: Shawn Dorrough – The Wealth Shift Strategist Category: Grow Your Business July 28, 2015
A couple of years ago I made up my mind to really get good at golf. That lasted about two weeks. But in my frustrations I did learn a lot, not in the game of golf but in the game of life. While golf and building your career or business might seem like disconnected activities they actually share many similarities. Here are four takeaways I learned from my attempt to master the game: 1.THE BIGGEST PART OF IT IS MENTAL. Here’s the honest truth, when I started my initial journey with learning the game of golf I was done after nine holes. But it wasn’t because of my physical limitations (although my skills were not that good) but it was because of my mind-set. I’d quit in my head way before I ever quit on the course. To be successful in anything in life it’s important to first control your thoughts. Emotions can force you to make poor decisions and that ultimately will lead to failure. Most of us have made at least one terrible business, career or financial decision due to emotions but the more you control the mental game the better you set yourself up for success.
4. GET A COACH. If I was smart about my attempt to master the game, instead of getting upset and wanting to quit after the first nine holes I should have been more realistic and realized that I needed a little help. The best golfers in the world have coaches. Even if they are at the top of their game they realize there’s always room for improvement. You and I should consider doing the same. Having someone to keep you accountable and help you around the blind spots are essential. I’m not just referring to casual advice from a friend, family member or stranger. I'm talking about turning to a mentor or maven so they can provide the expertise and oversight to help you obtain success much faster than doing it on your own. Hiring a good coach will ultimately save you time and resources along your journey. IN MY QUEST I must admit that in my attempt to master the game I ended up very sore, frustrated, tired and humbled. But I also realized that the experience was incredibly similar to life. So in my humble opinion if you want to become good at golf – or anything else – it’s essential that you learn the importance of planning, patience, practice and partnerships because if you don’t you’ll spend the majority of your time playing in the sand as you contemplate throwing in the towel.
2. DON’T BE SATISFIED WITH SHORT TERM SUCCESS. Golf can really mess with your psyche. One moment you’re on top of the world celebrating a great shot then on the next hole you’re ready to break your nine iron in half. The same can apply to your life – it ebbs and flows. That’s why you must guard against getting complacent with short-term successes and not just assume it’s an indicator of your long-term results. Sure we all want small victories along the way and I think they are essential but if not handled correctly they can often work against you and can make you too comfortable. Building your success requires that you celebrate small victories while constantly grinding and honing your skill to get better.
firstname.lastname@example.org Progressive Women In Golf @
Founder, Progressive Women In Golf
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ARE your MONEY Beliefs Limiting You ? By Morgen Moyo
INTRODUCTION Today I thought of looking at the side of money which I believe most of us do not normally consciously think about. What does money really mean to you? I find it fascinating to hear people talking about money and yet their behaviour towards it seems contrary to their beliefs about it. A lot of us spend countless hours at work adding overtime wherever possible with the expectation of improving our pay packets at the end of the month. On the same vein others have no family or social life as they pursue further studies with the hope that this will not only help their social standing but improve their financial position in future. ECONOMIC MEANING OF MONEY From my years in an economics class, the issue of money featured. You get to know that money is a medium or basic unit of exchange. So instead of doing barter trade money steps in and makes life easier as you transact. Its divisibility and how good it is to trade across locations. “In a market system money is primarily used as a medium of exchange. Money is a standard good that everyone will accept in exchange for goods and services.” Philip Mohr From an economics perspective, we can expand the subject to bring in the differences of money and income. But the private meaning of money tends not differentiate the two and money becomes a default for both. But as time moves and technologies advance money is also evolving from what was then, to the present and future money. The now money turning into more than plastic money to just figures on computer screens and hand held devices. As a matter of fact as if to digress every minute of the day real money is now moving into virtual currencies and yet a lot of people still have to get their heads around this virtual currency!
Possibly in the near future we will all embrace these changes as the future money in the form of digital and crypto currencies take hold of us. Some among us may find it hard to remember when last they held a monetary note in their hands. So, in way the more zeroes on your account, the better and you may thus access various services and goods at your pleasure. The real question is how you get those extra zeroes on your account and your belief about the morality of that endeavor.
MONEY IS THE ROOT OF ALL EVIL 1 Tim 6:10 People normally say this or should I say misquote it. The closest to this saying is the Bible quotation which goes as follows; ‘For the love of money is the root of all evil; which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” King James Version
Debates an rage around this but that is not my point. If you believe the circular view that money is the root of all evil, that belief will sabotage your relationship with money. You may thus abhor it and yet discover that you need it on a daily basis. From simple life sustenance to issues of health, education, housing and let alone old age support. It is when you consider the value of money or the need of money in such instances that you may appreciate and embrace the real need of money in our lives. Unless and until you interrogate this belief about money you will always be conflicted. Your actions when it comes to money will not be in line with your beliefs and you are likely not to achieve financial break throughs on money matters. Just a simple fact that you have a sizable amount to your name will haunt you.
There are some among us who believe that they are more spiritually grounded than those with money. This is obviously a personal matter and in no way am I saying they are wrong but merely pointing out that you will need to establish your belief system and live by it. But if you say one thing and do the opposite then you are conflicted.
At times due to our beliefs, we take the view that anyone who is wealthy is corrupt or got the wealth through inappropriate ways. For this reason one may not want to entertain any views about growing wealth for fear of being labeled as such.
THE SUBJECT OF MONEY IS COMPLEX “Wealth is the product of man’s capacity to think” Ayn Rand The view about the complexity of money is one of our selflimiting beliefs. Almost everything in life is at first difficult and as we master it, it becomes easy. A new cell-phone can be intimidating at first but after a little while all fear vanishes and you able to navigate your way.
I have no issues about the experts but I believe that you can do so much more on your own provided you take the initiative to learn and put into practice the art of making money be it through a business venture or investments. MONEY IS A SCARCE RESOURCE This is yet another limiting belief. If you strongly believe that money is a scarce resource why should you even try? Many among us believing this to be true have resigned to fate and will not bother about learning or finding ways to improve their financial condition. There is a lot that one can do, read biographies of some of the business icons and apply the lessons learned. There is so much information out there and there is really no excuse for one who says they do not know what to do. You may equally opt for a mentor to guide you on your financial or investment matters.
CONCLUSION The subject of money will always feature as long as humanity exists. Love it, hate it, be indifferent and yet without it your life is likely to be difficult. And yet money on its own is worthless, just pieces of paper. Similarly we will be saying the same of virtual currencies, just series of computer codes. But as we step out and interrogate our belief systems about money we can discover a different world and with it we can impact the world. Besides seeking knowledge about money or investing the greatest blocks that you need to remove are some of the above mentioned self limiting beliefs regarding money. But once your belief systems are in line with your monetary goals only then will you be able to move forward. It is these beliefs that control our behavior when it comes to money issues. You may wish to consider the following action plans without delay;
A lot of people do not understand how money is grown and what checks and balances need to be incorporated. The world of investments equally being most feared due to this perceived complexity. For this reason a lot of people seek out the experts and hand over all their financial matters to them.
Put aside 10% towards your savings or investment vehicle
Review your belief systems regarding money and if need be take a new position
Invest in a book, seminar, financial coach/mentor
Create a budget and follow it to the latter
Cut off unnecessary expenditure and focus on growing your savings and investments.
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www.tsox4change.co.za | 082 631 3778 | email@example.com
South Africa’s newly sworn president Cyril Ramaphosa delivered his first State of the Nation Address in Parliament where he emphasised on the importance of SMMEs in the growth of our economy. Ramaphosa previously served as the Deputy President of the country and recently took over as president following the resignation of Jacob Zuma. In his address Ramaphosa lauded the work put in by small business owners and further stated that the government will intervene in ensuring that small businesses continue to thrive. “Ultimately, the growth of our economy will be sustained by small businesses, as is the case in many countries. It is our shared responsibility to grow this vital sector of the economy. We will work with our social partners to build a small business support ecosystem that assists, nourishes and promotes entrepreneurs” said Ramaphosa before adding that the government will honour its undertaking to set aside at least 30 percent of public procurement to SMMEs, cooperatives and township and rural enterprises.
“We will reduce the regulatory barriers for small businesses. We are also working to expand economic opportunities for people with disabilities. Among other things, the Small Enterprise Finance Agency – SEFA – has launched a scheme to develop and fund entrepreneurs with disabilities called the Amavulandlela Funding Scheme” further said Ramaphosa.
“We will continue to invest in small business incubation. We encourage business to do the same. The establishment through the CEOs Initiative of a small business fund – which currently stands at R1.5 billion – is an outstanding example of the role that the private sector can play. Government is finalising a small business and innovation fund targeted at startups”
“Through measures like preferential procurement and the black industrialists programme, we are developing a new generation of black and women producers that are able to build enterprises of significant scale and capability. We will improve our capacity to support black professionals, deal decisively with companies that resist transformation, use competition policy to open markets up to new black entrants, and invest in the development of businesses in townships and rural areas.”
The president also vowed to reduce the regulatory barriers for small businesses. Over the years the progress of small businesses has been hindered by regulations when trying to venture into other business spheres or access funding.
The president also cited that the process of industrialisation must be underpinned by transformation.
South African president Cyril Ramaphosa during the State of the Nation Address
SOURCE: SMME NEWS https://www.smmenews.co.za
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The biggest problem founders and small business owners have is that they are experts in their field and novices in what it really takes to effectively run a business. Don’t let that happen to you, just admit that you don’t know what you don’t know about business. Here are some tips
6. TRUST YOUR INSTINCTS Your own instincts are an extremely valuable decisionmaking tool. Too often we end up saying in retrospect and with regret, “Damn, I knew that was a bad idea.” But the key is to know how to access your instincts. Just sit, be quiet, and listen to yourself.
1. LISTEN TO YOUR CUSTOMERS It boggles my mind how little most entrepreneurs value their customers when, not only are their feedback and input among the most critical information they will ever learn, but their repeat business is the easiest business to get. 2. TAKE CARE OF YOUR STARS This goes for every company, big and small. The cost of losing a star employee is enormous, yet business leaders rarely take the time to ensure their top performers are properly motivated, challenged, and compensated. 3. ALWAYS HAVE ENOUGH CASH Period. The most common business-failure mode, hands down, is running out of cash. If you know you have got a cash flow or liquidity problem coming up, fix it now..
4. LEARN TO MAKE DECISIONS The two most important words business owners and founders have at their disposal are “yes” and “no.” Learn to say them a lot. And that means being decisive. The most important reason to focus – to be clear on what your company does – is to be clear on all the things it doesn’t do. 5. PLAY AROUND WITH TRANSPARENCY Transparency is as detrimental at some times as it is beneficial at others. There are times to share openly and times to zip it. You need to know when and with whom to do one versus the other. It comes with experience.
7. KNOW YOUR FINANCES INSIDE AND OUT. If you don’t know your revenues, expenses, capital requirements, profits (gross and net), debt, cash flow, and effective tax rate – among other things – you are asking for trouble. Big trouble.
By Jacques Loots
FICA ARE YOU COMPLIANT?
Loots Attorneys An Admitted Attorney
The Financial Intelligence Centre Act (FIC Act) together with the Prevention of Organized Crime Act aims to prevent money laundering in South Africa by placing an obligation on certain businesses to ensure that proper records are kept of financial transactions. The FIC Act is designed to enable authorities to better understand the movement of money in order to reveal unlawful activities. The Act, however, do not only affect to transgressors of the Act, but also companies involved in or entering into a business relationship with transgressors. The FIC Act identifies business sectors which are vulnerable to money laundering and terror financing and requires them to register as accountable institutions. Some of the businesses that are required to register are: SCHEDULE 1 - ACCOUNTABLE INSTITUTIONS
A practitioner who practices as defined in section 1 of the Attorneys Act, 1979 (Act 53 of 1979).
A board of executors or a trust company or any other person that invests, keeps in safe custody, controls or administers trust property within the meaning of the Trust Property Control Act, 1988 (Act 57 of 1988).
An estate agent as defined in the Estate Agency Affairs Act, 1976 (Act 112 of 1976).
An authorised user of an exchange as defined in the Securities Service Act, 2004 (Act 36 of 2004).
A manager registered in terms of the Collective Investment Schemes Control Act, 2002 (Act 45 of 2002), but excludes managers who only conduct business in Part VI of the Collective Investment Schemes Control Act (Act 45 of 2002).
A person who carries on the ‘business of a bank’ as defined in the Banks Act, 1990 (Act 94 of 1990)
A mutual bank as defined in the Mutual Banks Act, 1993 (Act 124 of 1993)
A person who carries on a ‘long-term insurance business’ as defined in the Long-Term Insurance Act, 1998 (Act 52 of
A person who carries on the business of making available a gambling activity as contemplated in section 3 of the National Gambling Act, 2004 (Act 7 of 2004) in respect of which a license is required to be issued by the National Gambling Board or a provincial licensing authority.
10. A person who carries on the business of dealing in foreign exchange. 11. A person who carries on the business of lending money against the security of securities 12. A person who carries on the business of a financial services provider requiring authorisation in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act 37 of 2002), to provide advice and intermediary services in respect of the investment of any financial product (but excluding a short term insurance contract or policy referred to in the Short-term Insurance Act, 1998 (Act 53 of 1998) and a health service benefit provided by a medical scheme as
defined in section 1(1) of the Medical Schemes Act, 1998 (Act 131 of 1998). 13. A person who issues, sells or redeems travellers’ cheques, money orders or similar instruments. 14. A person who carries on the business of a money remitter.
SCHEDULE 3 â€“ REPORTING INSTITUTIONS The FIC Act identifies business sectors which are vulnerable to money laundering and terror financing. Two sectors are monitored and supervised by the FIC â€“ they are known as reporting institutions. Schedule 3 lists two types of reporting institutions: 1. A person who carries on the business of dealing in motor vehicles.
2. A person who carries on the business of dealing in Krugerrands. If your business falls within the ambit of any of the descriptions listed in the schedules it is imperative that you register with the FIC in order to prevent being found guilty of an offence in terms of the FIC Act of which the consequences can be a Maximum period of 15 years imprisonment or a fine of R 10 000 000.00. Yes that is 10 Million Rand and as you can see this is a serious offence and should you be found guilty it could mean the end of your business.
ONCE REGISTERED YOU WILL HAVE THE FOLLOWING DUTIES: 1.
To Identify your clients (also known as know your client)
Keep record of business relationship and transactions for a period of 5 years
Reporting of suspicious transactions or activities
Reporting of large cash transactions (R 25 000 and above) within 2 days
Accountable institutions are obliged to develop, document, implement and maintain a Risk Management and Compliance Program, which sets out the FICA compliance obligations of the business and its procedures for ensuring that these
obligations are met. It is the responsibility of accountable institutions to comply with the above to ensure a safer future for all South Africans in which the financial system has integrity and transparency to support economic growth and social development. Remember that it is never a good idea to expose yourself or your business in order to protect the suspicious activities of a client. Contact Loots Attorneys today for comprehensive advice on all matters relating to the FIC Act.
082 441 7150
231 General Hertzog Road, Three Rivers
By Ryan Bubear Ryan has spent most of his career in online media, writing about everything from sport to politics and other forms of crime. But his true passion – reignited by a 1971 Austin Mini Mk3 still tucked lifeless in a dark corner of his garage – is of the automotive variety.
THE DRIVE SYSTEM’S TOTAL POWER AMOUNTS TO 265 KW has unveiled its new Atlas Cross Sport concept Vatolkswagen the New York International Auto Show, billing the show car as a “near-production” model with a coupé-like profile.
The new Atlas Cross Sport concept is essentially a five-seat version of the standard, MQB-based seven-seater Atlas. The production version is scheduled to be launched in the United States in 2019, and will be built alongside the Atlas and Passat in Chattanooga, Tennessee. The concept vehicle measures 4 846 mm long, 1 735 mm tall and 2 029 mm wide. The grille features two bars instead of the three on the seven-seater Atlas, while the grille crossbars themselves are illuminated, doubling as LED daytime running lights. The show car runs on 22-inch alloys wrapped in 285/40 tyres. Inside, you’ll find a 10,1-inch touchscreen with proximity sensors and gesture control, along with a 12,3-inch digital cockpit (with a resolution of 1 440 x 540 pixels).
The six-speed DSG transmission has shift-by-wire functionality, while the 4Motion Active Control offers onroad, off-road, sport and snow driving profiles. Volkswagen says the concept’s MQB platform means it can be built with “all manner of drive systems”, including a plug-in hybrid powertrain. The Atlas Cross Sport concept uses the same 3,6-litre V6 engine as the Atlas, but boosted by two electric motors. Energy for the motors is supplied by an 18,0 kWh lithium-ion battery housed in the centre tunnel. The drive system’s total power amounts to 265 kW, which VW says should be enough for a circa-5,5-second sprint to 100 km/h. Volkswagen adds that the Atlas Cross Sport concept could also feature a mild hybrid powertrain. Using the same V6 engine and electric motors, but with a smaller 2,0 kWh battery, the mild hybrid version would produce around 230 kW.
By Isaac Ndhlebe Coach & Mentor
What are your bad habits? Smoking? Talking too much? Drinking? Untidiness? We’ve all got them. Within this article are 5 simple reasons for breaking a bad habit.
If it ain’t good, break it, and if it won’t break, then bend it BAD HABITS. Whether it’s a perpetual piling up of clothes in the corner you’re waiting to someday turn into gold, a self-proclaimed disability which renders you a liability than a tool of good use. If someone else is continually left to pick up your mess, then now’s the time to extinguish these habits before they turn into next year’s resolutions!
WHY? 1. IT’S NOT FAIR TO OTHERS One of the great universal laws ruling our wonderful planet says that you get back what you put out there. Want others to be kind and considerate to you? Then start putting the considerate, kind vibes out there and pick up your clothes, your dishes, and stop interrupting or whatever it is you or a collective “others” define as a bad habit. 2. IT’S NOT FAIR TO YOU I’m sure you’re a nice person, and you pride yourself on having generous, warm-hearted traits. So, it’s not fair to you either that this simple, little, annoying thing you do can wield the power that it now, or will soon have. These tiny culprits have been known to ruin marriages, business partnerships, and other relationships, and cause the downfall of many a mighty person.
Plus you’ll feel better about yourself. 3. YOUR SUCCESS DEPENDS ON IT Bad habits have a funny way of scope and context creep. First they only happen in certain situations, and the next thing you know, you’re at a business function swirling your fingers through ‘the chip dip’! Put an end to it now before situations that require your utmost polish become tarnished by these terribly annoying little critters. 4. YOU PROBABLY DON’T LIKE IT WHEN OTHERS DO THE SAME THING Think about it. If someone did the same thing to you, would it bother you?
BE HONEST. Sometimes all it takes is a simple exercise in empathy to find the motivation to quit whatever it is we could benefit from stopping. 5. LIST YOUR OWN REASONS But be sincere. What is it costing you to perpetuate these habits?
Whether it’s a moment of peace, seemingly perpetual nagging, or simple anxiety resulting from anticipation of the next blow-up or negative comment, you owe it to yourself to commit to your ongoing personal development, and to the elimination of any behavior whose costs far outweigh the benefits. So how does one begin? Just like breaking a smoking habit, bad habits have a way of creeping up on us and slowly over time becoming somewhat akin to an addiction — i.e. they’re hard to get rid of. Here are some tips for breaking these bad habits: Start small: While it might not be reasonable to expect that you can just stop whatever you’re doing overnight, identify what might constitute as a small step in the right direction. Write down what that step is and carry it out over the next 21 days.
Fore example, if you are smoking 40 a day, cut that down to 20 for the next 21 days. Make that behavior a habit before you cut that down to 15 for the next 21 days and then 10 and so on. Commit: Promise yourself you’ll make this shift, and if reinforcement and punishment works—use it! Figure out how you might reward yourself for making the change. Or, figure how you might penalize yourself if you don’t. For example, in our smoking example. Put the money you would have spent on the cigarettes in a jar and at the end of the 21 days add it all up and buy yourself a treat for example. From cutting down to 20 smokes a day from 40 smokes a day, over a 21-day period at R16.00 a packet that will save you R320.00 in just 3 weeks!
Also, write two lists, one, of the reasons why you are doing this, and two, a list of the things that you will miss out on if you keep on doing your bad habit. Identify alternatives: What are some alternatives to the behavior you are demonstrating? Is there a quick fix or solution that might help provide an alternative — e.g. put a laundry basket by the bedside (one to match with the décor) so that you don’t end up with a pile on the floor. Get help: Ask someone to help keep you accountable. If they’ve been victims of this bad habit, they’ll most likely be thrilled you asked! Ask for feedback: Because human nature dictates that we will only complain when you offend, rather than amend, ask for feedback frequently. Don’t assume, no news is good news, but be sure to get praise when praise is due. Good luck!
WE’RE LOOKING FOR RESULTS-DRIVEN SALES AGENTS IN EACH PROVINCE BRILLIANT COMMISSION, WE GIVE YOU UNCAPPED EARNING POTENTIAL. BONUSES WHEN EXCEEDING TARGETS What we provide •
Full in-house product training
Responsibilities • • • • • • • • • •
Present, promote and sell products/services using solid arguments to prospective customers Perform cost-benefit and needs analysis of existing/potential customers to meet their needs Establish, develop and maintain positive business and customer relationships Reach out to customer leads through cold calling Expedite the resolution of customer problems and complaints to maximize satisfaction Achieve agreed upon sales targets and outcomes within schedule Analyze the territory/market’s potential, track sales and status reports Supply management with reports on customer needs, problems, interests and potential for new products. Keep abreast of best practices and promotional trends Continuously improve through feedback
Requirements • • • • • • •
Proven work experience as a Sales Representative Familiar with CRM practices along with ability to build productive business professional relationships Highly motivated and target driven with a proven track record in sales Excellent selling, communication and negotiation skills Prioritizing, time management and organizational skills Ability to create and deliver presentations tailored to the audience needs Relationship management skills and openness to feedback
Successful applicants must have the following: • • • • • •
Completed Matric or equivalent Relevant qualifications in sales will be essential Minimum 2 years work experience Fully bilingual in English and Afrikaans Clear criminal record Own car will be essential as well
Send your CV to firstname.lastname@example.org or fax to 086 597 9601
91 Woburn Avenues Benoni 1501, Gauteng Cnr. William Nicol Drive & Leslie Avenue Gauteng
011 420 0816 | email@example.com
Taxation Advisory & Accounting Services
National Business Xposure Digital Magazine focuses on creating exposure for businesses to achieve national footprint. It is a monthly online...
Published on Apr 1, 2018
National Business Xposure Digital Magazine focuses on creating exposure for businesses to achieve national footprint. It is a monthly online...