September by Tshegofatso Golden Komane

ISSUE 006

Social|Economical|Political Minded Leaders

September2014

YOUR CAREER IS LIKE A www.circleofconcern.co.za

CELLPHONE NETWORK.

POLITICS IN A MARKET

LEADERSHIP VS HEADSHIP WHY A CAREER IN ASSET MANAGEMENT? R19.50

ISSN 2310-8827

Circle of Concern Magazine 1

Issue 6 | September 2014

www.circleofconcern.co.za

10 D Circle of Concern Magazine

Issue 6 | September 2014

www.circleofconcern.co.za

DigtS

Spotting greatness only

Circle of Concern Magazine 3

Issue 6 | September 2014

August in a nutshell Editorâ&#x20AC;&#x2122;s Note Fast Forward

Your career is like a cell phone n www.circleofconcern.co.za

WI-taxi

President Zuma meets President

Street-Talk (Debate) Ramaphosa on a hot sit Rethink Leadership Politics versus The Market

Why a career in Asset Managem Entertainment Buzz

Circle of Concern Magazine 4

Issue 6 | September 2014

6 8 10

network

www.circleofconcern.co.za

t Putin

22 25 32 35

ment?

38 40

Circle of Concern Magazine 5

Issue 6 | September 2014

www.circleofconcern.co.za

August In-A-Nutshell

Buy Hardcopy Of October Circle of Concern Magazine 6

happy with Zum about when he w part of the mone security upgrade homestead in Kw ic Freedom Fight in a parliament a to take their poin Baleka Mbethe t minutes break. A ANCYL was call f cy against Malem that they are goi racy PHYSICALLY.

On the 27th of Augu phosa answered to â&#x20AC;&#x153;Most significant fo are done via base e known as BEPs , wh strategies that rely

Issue 6 | September 2014

www.circleofconcern.co.za

Julius Malema and his fellow MPs were not ma’s reply to a question was going to “payback” ey spent on the 246 million es to his private Nkandla waZulu-Natal. The Economters MPs started to chant after the speaker refused nt of order and this led to to give the house a three A day after the incidents for protection of democrama and EFF. They declared ing to protect our democY.

exist between tax rules and different jurisdiction ,The problems has been dealt with by relevant authorities , which include the South African reserve and the law and prospecting authorities. Emeritus professor at the University of KwaZuluNatal, Jack Moodley addressed the issue of abortions or terminal of pregnancies on the 31st of august. He says general practitioners can and must play a crucial role in advising and guiding women through the process.

Women of the year delivered a key note on the 28th of august at the business women association of South Africa (BWASA), Public protector adv. Thuli Madonsela says investing in women development grows communities and she also proved that when women are empowered through education or business, their families and communities will be advanced.

ust Deputy President Ramao a global question of taxation: orm of tax evasion practices erosion and profit shifting hich describe tax planning on mismatches and gaps that

Circle of Concern Magazine 7

Issue 6 | September 2014

Komane Golden

LOOKING FORWARD! www.circleofconcern.co.za

Editor’s Choice

Be right and bright. Our sixth successful issue showed me how important it is to look forward without hesitation because the mind that focus more on the future gets the big bite. At Circle of Concern Magazine we have took a huge step of bringing you the hardcopy of our magazine at a reasonable price. At the start we never knew how to go about this but the grace of God led us to where we finally knew almost every-

thing. We never took our eyes and minds off success and greatness, in fact we were looking forward. There is nothing I feel now other than greatness. You do not have to do extraordinary things to be great, you just need to be surrounded by great people. With our upcoming first launch we have managed to get unstoppable individuals like Ndumiso Madlala who made a proudly Mzansi

Inside Story

beer called SOWETO GOLD. Chief Brewery Office, that how I describe him. Make sure that you do not miss the launch.

You are not self-made! Achieved success or recognition by one's own efforts? Really? I don’t think so, in short you cannot say you are self-made if you have once shifted some of your failures to third party. “I have not succeeded because my family did not support me”, we always say such Circle of Concern Magazine 8

when confronted by difficulties. In a nutshell, we must stop being arrogant when massaged by success and the wealth of this world. Your pride, ego, arrogance and ignorance should not keep you from recognising the contributions of others towards your success. You need to

understand that you net worth was indirectly created by your networks. This turns to be a business advice to our brothers and sisters to refrain calling themselves self-made millionaire or entrepreneurs. Personal glorification can kill you.

Issue 6 | September 2014

THE MAGAZINE TEAM EDITOR-IN-CHIEF Komane Golden | golden@circleofconcern.co.za JUNIOR EDITOR Services

        

www.circleofconcern.co.za

Market research Retainer consulting Cash Flow Analysis Project consulting Business Plans Company Profiles Strategic Plans Due Diligences Feasibility and Viability Studies  Financials  Business Solutions  Business and Management Consulting  Turn Around Plans  Business Training Including: Workshops, seminars and in-house training  Marketing Plans  Marketing and Market Research Plans & Reports Proposals and Investment Seeking

Contacts: Physical Address: 80 Cilliers Street, Suite 214 Adverto Towers, Sunnyside, Pretoria E-mail address: emohlathe@gmail.com Fax.: 086 275 5370 Tel.: 087 734 9140 Mobile: 076 027 0633

Circle of Concern Magazine 9

Molebogeng Mashobane | lebo@circleofconcern.co.za FINANCE EDITOR Kulani Mhlanga | Kulani@circleofconcern.co.za

LAW & ECONOMICS EDITOR Donald Msiza | d.msiza@circleofconcern.co.za WRITERS Athi-Enkosi Majavu Simphiwe Nkosi Bongani Rakgalakane Prince Moeng Andrew Sako Marvin Malaka Harold Ncongwane SUBSCRIBTION Sako Andrew | andrew@circleofconcern.co.za | 071 328 7107 ADVERTISING Golden Komane | golden@circleofconcern.co.za | 071 328 7107 PUBLISHER CATHEL Group (Pty) Ltd | info@cathelgroup.co.za | www.cathelgroup.co.za Special thanks to MediaClubSA for pictures, we really appreciate your initiative. Thanks once again. Photo owned by MediaClub South Africa are not tranferable. Opinions expressed in this publication are those of the authors and do not necessarily reflect those of this magazine, its editor or its publishers. The mention of specific products in articles or advertisements does not imply that they are endorsed or recommended by Circle of Concern Magazine or its publishers in presence to others of a similar nature, which are not mentioned or advertised. While every effort is made to ensure accuracy of editorial content, the publishers do not accept responsibility for omissions, errors or any consequences that may arise therefrom. Reliance on any information contained in this publication is at your own risk. The publishers make no representations or warranties, express or implied, as to the correctness or suitability of the information contained and/ or the products advertised in this publication. The publisher shall not be held liable for any damages or loss arising , incurred by readers of this publication or any/ other person/s. The publisher disclaim all responsibility and liability for any damages, including pure economic loss and any damages, resulting from the use of any service or product advertised in this publication. Readers of this publication indemnify and hold harmless the publishers of this magazine, its employees and servants for any demand, action, application or other proceedings made by any third party and arising out of or in connection with the use of any services and/or products or the reliance of any information contained in this publication.

Issue 6 | September 2014

How to make money on YouTube?

www.circleofconcern.co.za

You may or may not already know this, but YouTubeâ&#x20AC;&#x2122;s Partner Program is an initiative by the Google-owned video-streaming platform to help creators develop skills, build audiences and crucially to earn some bucks. YouTube is a lucrative goldmine and is making its users millions of dollars every year. According to analytics company SocialBlade, those homemade videos are earning some users over $16 million a year. Uploading a video clip on YouTube of your friends getting up to, mischief can win over a cooing international audience and earn big money. YouTube was one of the first sites to pay its users, and while it is hard to make money unless you generate a lot of traffic, it is possible. Some people even make a living. The YouTube Partner Program is currently available in Argentina, Australia, Brazil, Canada, Colombia, Czech Republic, France, Germany, Ireland, Israel, Japan, Mexico, Netherlands, New Zealand, Poland, South Africa, Spain, Sweden, United Kingdom and the United States.

Therefore, you are probably wandering how you can start making money out of your homemade videos. It is all through the advertising run on the clips. Users have to enable their clips for monetisation in the settings. YouTube will then have to approve your video and link to your Google AdSense account to start earning money.

Circle of Concern Magazine 10

Issue 6 | September 2014

www.circleofconcern.co.za

On Business Acumen Business acumen is something most entrepreneurs are lazy to share with their employees. Understanding how the business world works can be a tough toil to do, mostly when the needs of our communities or consumers keeps changing. What is surprising is that most entrepreneurs themselves donâ&#x20AC;&#x2122;t understand the ideal perspective behind business acumen or do not know what business acumen is. The market has enough for every entrepreneur to swallow the benefits but some choose to fail by not familiarising themselves with business insight. Having strong business wisdom will help raise more capital when you need it, attract and retain customers, and run your business successfully.

Circle of Concern Magazine 11

Issue 6 | September 2014

YOUR CAREER IS LIKE A CELLPHONE NETWORK

www.circleofconcern.co.za

Harold Ncongwane

Circle of Concern Magazine 12

Issue 6 | September 2014

Bloemfontein, Free State province: Telkom's microwave tower on Naval Hill. Photo: Graeme Williams, MediaClubSouthAfrica.com

“Networking is an essential part of building wealth” Armstrong Williams

www.circleofconcern.co.za

n my previous article I spoke about how you can steal a Job by using soft skills. In this this month’s edition I focus on networking as part of creating career opportunities. Quite often we are confronted by words such as nepotism and favoritism in the working environment, but this month’s article targets the legal way of getting the Job through networking. Networking is a crucial aspect that one should practice when developing their careers. Although you may have the necessary skills, qualifications but without connections you are mostly likely to be sidelined and be put on the bench –away from the game. Without connections there is a great chance that you might not become part of the coach’s plan. Networking can be defined as meeting and getting to know people in your field so that you can have access to information about your career. It involves building ongoing relationships to exchange advice and information with individuals who are established in your field. This is an ongoing process which needs to be maintained and exchanging of information goes back and forth between two or more individuals.

Circle of Concern Magazine 13

Issue 6 | September 2014

www.circleofconcern.co.za

hand if the network signal is strong then I’m able to connect with others who may share valuable information that I can use to enhance my career or to develop my skills. Think about how you would feel if your cellphone network signal was bad and you are expecting an important call that can change your life. If this has happened to you, you probably felt worried or even frustrated because of

Circle of Concern Magazine 14

the value of the expected call. This is what typical happens when you have the skills and qualifications and yet you can’t get that job. One of the factors could be that you haven’t created enough networks or support that can help you to achieve your goals. The Idea that your career is like a cellphone network came to my mind when I thought about what happens when the network signal of my phone is very poor. If my cellphone network signal is poor then I may not get calls, text or be on social networks to communicate with the rest of the world. On the other hand if the network signal is strong then I’m able to connect with others who may share valuable information that I can use to enhance my career or to develop my skills.

Think about how you would feel if your cellphone network signal was bad and you are expecting an important call that can change your life. If this has happened to you, you probably felt worried or even frustrated because of the value of the expected call. This is what typical happens when you have the skills and qualifications and yet you can’t get that job. One of the factors could be that you haven’t created enough networks or support that can help you to achieve your goals.

Issue 6 | September 2014

www.circleofconcern.co.za

The Idea that your career is like a cellphone network came to my mind when I thought about what happens when the network signal of my phone is very poor. If my cellphone network signal is poor then I may not get calls, text or be on social networks to communicate with the rest of the world. On the other hand if the network signal is strong then I’m able to connect with others who may share valuable information that I can use to enhance my career or to develop my skills.

In some instances jobs may not be advertised but offered to individuals whom have been in contact with the right people. Sounds like nepotism doesn’t it? But that’s not the case. If an individual had to get an opportunity in this method, it means that they have negotiated their space by networking and making sure that there are known so that when such opportunities come to their door step, they get first preference. Networking could also help you to gather information about possible Job openings, effective ways of writing you CV and how you can prepare yourself for interviews. Imagine that my career was like that strong signal network on my phone, this will mean that I will be informed about my career prospects, the labour market –the demand and I will be empowered to make an effective career decision based such issues. if you were to sit down with established Business persons having tea in the local café, you are most likely to hear these words “Networks, Connections, relationship and agreement “. These words are found in the vocabulary of established individuals and networking is what led them to have that cup of tea in the first place. In Conclusion sometimes you need to know someone to get somewhere and in order to get that something. “I network like a shepherd with a flock of sheep. I’m constantly on the lookout for wolves, and I’m always in the mood for a good lamb chop. Networking is people looking for people looking for people” ― Jarod Kintz,

Circle of Concern Magazine 15

Issue 6 | September 2014

Wi-T (STAYING CONNE

I www.circleofconcern.co.za

tory. ”University of Joha Kelembe and Mbali nstalling Wi-Fi access points in taxis ternet access would and taxi ranks was just something that because they spent was never thought of before but this is the 21st their cell phones”. I century so impossible is nothing. Mounting Wi dents, because they -Fi access points in taxis and taxi ranks would varsity research and change people's perception of the taxi industry, Gauteng transport MEC Ismail Vadi said. “During a ride to an transport MEC Isma Vadi said he was looking forward to the day vehicle's network a when a taxi driver would send his queue Mar- mails”. The Wi-Taxi shall an email telling him to inform his passen- 1500 taxis and 50 ta gers that he would be delayed due to a metro ternet access to com cop road block. months. The ingenu African National Tax Johannesburg - Taxi commuters are happy about getting free Wi-Fi access while travel- "We want to keep o ling in taxis or waiting at the taxi rank, the muters and attract project is really a good idea. Normally Wi-Fi is public transport in g accessible at the mall or where we work. At ular," SANTACO pre the taxi ranks there are hardly any Wi-Fi said. spots, let alone in the taxi but now that’s his- Subsequent phases

Circle of Concern Magazine 16

Issue 6 | September 2014

Johannesburg, Gaut

Taxi ECTED IN A TAXI)

www.circleofconcern.co.za

and 5 000 Wi-Fi access points installed annesburg students Gcina monthly. i Mnyandu said the free in- SANTACO said the installation of Wi-Fi in all d make life easier for them taxis and taxi ranks would be done within t most of their time on three years. It will of great help to stuy would able to use it for The taxi association, Telkom, and Telesure d use social media as well. were partners in the project. SANTACO CEO Nkululeko Buthelezi said nd from the taxi rank Telkom would provide the technical support ail Vadi connected to the for the project, while Telesure would contriband browsed through his e- ute financially. project which would see Each commuter would get 50MB free a axi ranks providing free in- month. Once they connected their device mmuters within six with the taxi's Wi-Fi network, they would be uity launched by The South able to use the 50MB in any connected taxi or xi Council (SANTACO). rank. Once that 50MB was used up, a prompt our 15 million daily comwould let the user know that the usage had more people back to using run out. Users who wanted more access general and taxis in partic- would have an option to buy more. esident Philip Taaibosch The project itself is innovative and itâ&#x20AC;&#x2122;s going to change the taxi industry forever. s would see between 4 000

Circle of Concern Magazine

Issue 6 | September 2014

teng province: Traders and minibus taxis in Bree Street in the city centre. Photo: Chris Kirchhoff, MediaClubSouthAfrica.com 17

www.circleofconcern.co.za Circle of Concern Magazine 18

Issue 6 | September 2014

www.circleofconcern.co.za Circle of Concern Magazine 19

Issue 6 | September 2014

Bilateral Meeting between President Zuma and President Putin

www.circleofconcern.co.za

he President of the Republic of South Africa, His Excellency Mr Jacob Zuma met with his counterpart the President of the Russian Federation, His Excellency Mr Vladimir Putin, in a bilateral meeting at Novo-Ogarevo Presidential Residence just outside Moscow in Russia. The two presidents deliberated around a host of issues that affect the two countries, and discussed how they could further strengthen and consolidate the good bilateral relations that exist between the two countries. The two leaders also discussed ways to strengthen the existing bilateral agreements and mutual cooperation.

President Putin welcomed the visit by President Zuma to Russia, and praised the good bilateral relations and cooperation that exist between South Africa and Russia. He further encouraged both countries to work together in implementing the decisions that were taken last year during the state visit of South Africa to Russia. He emphasized the need for Russian and South African Ministers to work together in taking forward the bilateral agreements. Circle of Concern Magazine 20

President Putin further commended the work that has been done by the joint Russia-South Africa Business Council which saw a rise in trade between South Africa and Russia which grew by 13 percent in 2013

which represents a significant growth in trade between the two countries. He commended this growth saying that investment from Russia to South Africa now stands at over a billion US dollars a year. Issue 6 | September 2014

President Putin reaffirmed his commitment and that of his country to work together with South Africa on a number of issues that face the globe including participation in peace-making and peacekeeping efforts spearheaded by South Africa in the continent. He briefed President Zuma on the situation in the Ukraine and underlined his commitment to finding a peaceful solution to the crisis. The Russian President further sought the assistance and support of South Africa when Russia takes over the leadership of BRICS next year. He

including request for support of the African Capacity to Respond to Immediate Crisis (ACIRIC) process. President Zuma, also apprised President Putin around the developments in South Africa which has recently came out of elections with a clear mandate from the population of implementing programmes of job creation, eradicating poverty, unemployment and inequality, he sought support from Russia on the implementation of the new government's priorities around the delivery of basic services like water, sanitation, energy, education, agriculture and tourism.

www.circleofconcern.co.za

President Zuma also raised the matter of the repatriation of South African fallen heroes who are buried in Russia, including Ivor David Jones, J.B. Marks and Moses Kotane. He thanked the government of Russia for taking care of the heroes who are buried in Moscow and he indicated that there are discussions and arrangements that are ongoing between Russia and South Africa about how the repatriation process should be handled. further appealed for the strengthening of tourism, cultural exchanges and people to people relationships between our two countries and committed his country to further working with South Africa on educational exchanges. The two Presidents also discussed issues around the developments in the Middle East, in particular around the resolution of the Israeli-Palestine conflict through peaceful means. Both countries committed themselves to finding a lasting peaceful solution. President Zuma, also apprised President Putin around the role of South Africa and its work around this matter through sending its two special envoys. The security situation of the African continent was also discussed and assistance sought on peaceful missions that South Africa is involved in,

Both Presidents committed themselves to working together and with each in strengthening bilateral relations of both countries and further cementing the existing warm relations between the two countries for the economic and social development of their peoples. Article Source : www.http://www.gov.za/speeches Picture Source : http://www.thepresidency.gov.za/

Circle of Concern Magazine 21

Issue 6 | September 2014

Street-Talk Do you think Economic freedom fighters

www.circleofconcern.co.za

reaction in parliament was appropriate?

When the economic freedom fighters signed the oath in parliament they meant that they will comply with all the rules and regulations of the house\parliament. So they behaviour is dishonouring they took with the parliament. As much as they are fighting and representing the interest of the public, the must be a way of doing such.-Themba Sibayoni

Generally speaking itis not, but the problem is if they donâ&#x20AC;&#x2122;t protest, They wont get answers we as citizens demand from the African National Congress and its government-Lebogang Mabotha

Circle of Concern Magazine 22

Why sh the only not in p 246mill people wants p

Issue 6 | September 2014

Thereâ&#x20AC;&#x2122;s nothing appropriate about their behaviour, nothing good ever comes out of politics hence such. Nonetheless I am sure they have somewhat logical explanations as always. Although whatever they have to say carries some truth in it their way of making themselves heard is inappropriate-Dikgakgamatso Mdhluli

www.circleofconcern.co.za

I support Economic freedom fighters 100% but I am not happy with the way they do things, what they doing is right, Zuma should pay back the money but that is not how we do things. EFF should be more disciplined in parliament- Thulani Ngobeni

hould we be surprised by Economic freedom fighter behaviour? Thatâ&#x20AC;&#x2122;s y way to things done in this country, Protests are everywhere why parliament? It is totally unacceptable that one person would spend lion on his house while they are thousands of homeless people and living in bad conditions! Jacob Zuma should pay back the money if he peace in this country. Lesego Mokwena

Circle of Concern Magazine 23

Juju is right the corrupt people are Jacob Zuma and leadership of the African national progress are corrupted parliament and we want our money back-Ashely Leshobane

Issue 6 | September 2014

RAMAPH

ON TH

www.circleofconcern.co.za

HOT SE

Circle of Concern Magazine 24

Issue 6 | September 2014

HOSA

EAT!

Deputy President of South Africa Cyril Ramaphosa was asked to tell the Farlam Commission of Inquiry why AMCU was not involved in the labour unrest. "Why were you only in a meeting with the National Union of Mineworkers? I am not aware that you made any attempts to contact AMCU. Why didn't you?" asked Dumisa Ntsebeza, for the families of killed miners. Ntsebeza was cross-examining Ramaphosa at the commission hearings in Pretoria, regarding his role as a Lonmin shareholder and non-executive director. Ramaphosa, a former NUM general secretary, said he did not have the contacts for the Association of Mineworkers and Construction Union.

www.circleofconcern.co.za

"I referred to Senzeni Zokwana (then NUM president), Frans Baleni (general-secretary) and James Motlatsi (founding president of NUM) because I know them and have worked with them," said Ramaphosa. "I was not able to make any reference to any leader of AMCU because I do not have any details of them and I have not dealt with them." Ntsebeza said as at August 2012, Lonmin and Ramaphosa believed that AMCU was behind the rock-drill operators' strike and the accompanying violence. "Wearing your hat as a skilled negotiator, it was even more reason for you to engage them (AMCU). The fact that you didn't have Joseph Mathunjwa's cell phone number cannot be a reason. Lonmin had it," said Ntsebeza. The commission, chaired by retired judge Ian Farlam, is investigating the deaths of 44 people during strike-related violence at Lonmin's platinum mining operations at Marikana, near Rustenburg in the North West, in August 2012. Thirty-four people, mostly striking mineworkers, were shot dead in a clash with police, over 70 were wounded, and over 250 arrested on August 16, 2012. Police were apparently trying to disarm and disperse them. In the preceding week, 10 people, including two policemen and two Lonmin security guards, were killed. Circle of Concern Magazine

Picture Credit: www.themalaysianinsider.com

Issue 6 | September 2014

Ramaphosa said AMCU was denying involvement in the mines unrest at the time. "This was what one could call a perfect storm that had evolved. AMCU was saying they are not involved so, in a way, abdicated. The CEO of Lonmin had taken ill and was not on the spot to negotiate. "NUM itself was not really involved. We have heard that the workers had lost confidence in the NUM. As a non-executive director, not involved in the management of the company, I relied on the management team to deal with these matters," said Ramaphosa. He said the Lonmin management had the responsibility to engage the unions.

www.circleofconcern.co.za

Ntsebeza said that when Ramaphosa decided to step in and engage, he only contacted NUM-aligned people, excluding AMCU. "We know that this was a strike for salaries and the demand was for management to engage with them. The quickest and most amicable way would have been for Lonmin management to address the strikers.

"NUM itself was not really involved. We have heard that the workers had lost confidence in the NUM. As a non-executive director, not involved in the management of the company, I relied on the management team to deal with these matters,"

"You are an experienced negotiator, you know about give and take. When the rock drill operators asked to meet management, they were told that the mine would talk to the NUM. Were you told on the 15th August that Mr Mathunjwa had spoken to workers about going back to work?"

www.thepresidency.gov.za Circle of Concern Magazine 26

Issue 6 | September 2014

www.circleofconcern.co.za Circle of Concern Magazine 27

Issue 6 | September 2014

Ramaphosa said he saw Mathunjwa's visit either in newspapers or on television.Ntsebeza said he would argue that Ramaphosa, as a former NUM general secretary, Lonmin shareholder and director, was uniquely placed to influence the warring parties to come to the negotiating table. Ramaphosa disagreed.

www.circleofconcern.co.za

"I was just a non-executive director. I was not involved in the wage negotiations. The fact that I was former NUM general secretary was of no bearing in this. "The fact that Shanduka was a shareholder was also of minimal bearing. "We were just a minority shareholder amongst a body of bigger shareholders," he said. Ntsebeza said nothing was preventing Ramaphosa from initiating negotiations, if he had decided to do. Ramaphosa responded: "I should be flattered by the importance you seem to think I had, and the influence. It is simply not the case.

"When one is a non-executive director of a company, you deal with issues as they are presented to you by the management. You do not have the power that you seem to ascribe to a non-executive director." Concluding his crossexamination, Ntsebeza said Ramaphosa, who once led black economic empowerment initiatives, had ironically procured a legal team "nonrepresentative of the black economic empowerment". "Your legal team is not reflective of an empowerment process. If you look at all the legal teams here, about 90 percent are non-racial," said Ntsebeza. Ramaphosa complained: "Mr Chairman, does this have any relevance to the issue we are discussing now?" Farlam said Ramaphosa could answer the question, if he wanted to.The deputy president responded: "Message understood". His legal team was led by lawyer David Unterhalter. Ramaphosa will still be on the stand when the public hearings resume.

Circle of Concern Magazine 28

I was just a nonexecutive director. I was not involved in the wage negotiations.

We were just a minority shareholder amongst a body of bigger shareholders,"

When one is a nonexecutive director of a company, you deal with issues as they are presented to you by the management.

Issue 6 | September 2014

www.circleofconcern.co.za Circle of Concern Magazine 29

Issue 6 | September 2014

Love your b www.circleofconcern.co.za

South A

Cape Town, Western Cape province: The Civic Centre, the headquarters of the city's administration. Photo: Rodger Bosch, MediaClubSout Circle of Concern Magazine 30

Issue 6 | September 2014

beautiful www.circleofconcern.co.za

Africa Promote Tourism and entrepreneurshipâ&#x20AC;Ś...

thAfrica.com Circle of Concern Magazine 31

Issue 6 | September 2014

www.circleofconcern.co.za

LEADERSHIP

Circle of Concern Magazine 32

VS HEADSHIP

Issue 6 | September 2014

Rethinking

www.circleofconcern.co.za

Leadership Heading is leading but leading is not heading. There is a need for us to rethink both leadership and headship because one of the two has not been effective in both social and business spectrum for the past years. In short headship was effective during the times of Jan Van Riebeeck but lost its

Adolf Hitler

Circle of Concern Magazine 33

rhythm when egalitarianism theory came in effect. How do you define leadership? Is it define by the office or position occupied or actions? Headship is the state of leading but in a command way whereas leadership is the process of allowing your followers to fly as high as they can. When taking a glance at history, there is a lot to criticize not because we know much just because the then headship was inhuman and cruel. Judging is not good but telling the truth is. Was Adolf Hitler a leader or a head of NAZI? I honestly never seen an article referring to Adolf as the head not a leader, then why we keep calling him a leader while he had headship features (primacy or command)? Hitler headship did not promote freedom of expression by his followers which drives the definition to dictatorship. Can you work you only take commands? Even if you say yes then the

production won't increase. Leadership definition is not limited to political and business spectrum only. The reason behind corporation failure is the undivided definition of leadership and headship. The clear understanding has to be established to ensure that followers comprehend how your organisation is ran. Dr David Molapo explains leadership as the process of turning followers into leaders not maintaining them. This is undisputable truth. Your organisation's success depends on the level of freedom and smiles your followers or workers maintains. As a leader you should be able to influence your team to achieve more not by using supremacy or command. A leader is someone who influence followers to pursue his/ her vision.

Issue 6 | September 2014

www.circleofconcern.co.za

Circle of Concern Maga

Circle of Concern Magazine 34

Issue 6 | September 2014

www.circleofconcern.co.za

Politics versus The Market

t will not be surprising to see market players leaning by political parties to achieve more. Minister of trade and industry Rob denies has called on member of parliament to think more carefully before associating themselves with complaints raised by market players, according to the DTI media statement released on 29 august 2014. It is globally known that politics and business married each other but the abuse of such relationship is not good at all. The comment came after DAâ&#x20AC;&#x2122;S MPs Hill-Lewis and Dean Macpherson call for reduction of the time taken by National Regulator for Compulsory Specifications (NRCS) to process Letters of Authority (LOA). The NRCS is an entity of the department of trade and industry established to administer compulsory specifications and other technical regulations with view to protect human health, safety ,the environment and ensure fair trade in accordance with government policies and guidelines (according to their website). Circle of Concern Magazine

Currently it takes 120 days to process such Letter of Authority (LOA) compared with other countries. The CEO of the NRCS, Mr. Asogan Moodley showed that it was important that the organization be given adequate time to carry out its inspections work before issuing Letters of Authority (LOA). The CEO is advocating for enough time while market players are at the opposite side of it. DAâ&#x20AC;&#x2122;s criticism of the institution and behalf market players resulted to Rob Davies engaging with the CEO of NRSC. It must be voted that since the inception of NRSC, It has destroyed products of more than r50 million. The destruction of unsafe products is in line with the NRCS mandate of protecting human health, safety, the environment and enduring fair trade.

Issue 6 | September 2014

www.circleofconcern.co.za Circle of Concern Magazine 36

Issue 6 | September 2014

www.circleofconcern.co.za Circle of Concern Magazine 37

Issue 6 | September 2014

www.circleofconcern.co.za

Why a career in asset management? When I was still in university (University Of South Africa) three months ago (March 2014), I was not certain on where I wanted to go with my career, I was studying towards an honours in Finance with portfolio management as one of my major modules. I knew I wanted to be in an investments field and I knew I wanted to be a CFA holder very soon but where and on what area of focus remained a tough question for me.

highly demanding at the same time. Even though it’s not part of my job description but have been observing from seniors and other colleagues at first that you are at the centre of country or well global events from politics to economics, anything that affects the financial markets and that is relevant to a portfolio manager to be able to make relevant, appropriate and sustainable decisions by the portfolio manager or analyst on the portfolio he/she might be managing because it is people’s money after all and that it It was until two months ago when an opportunity to join an asset management firm (stanlib) joined as a is good to act in a prudent manner. Recons administrator, part of lisp Finance. Didn’t re- Second a career in asset management allows one to ally have a full understanding of what asset manage- interact with various types of people and different ment is or what they did but the opportunity was too professionals that the company would have invested great to resist and seemed ideal as a great place to or is interested in investing unto. Third, the world learn the financial industry. needs to save for its future, as an asset management In my time at Stanlib, I came to understand that as- will be helpful in fulfilling a social responsibility in a set management is mainly about the management of society by helping individuals to save and protect clients’ investments through investing and giving the themselves and their assets through providing inclients a wide range of traditional and alternative vestment products that will ensure the individuals’ products offering that would not be to an average goals are met and that the investment products perinvestor. Also learnt that it involves different types of form. investment professionals ranging from equity analyst which remains my major main interest to dealers and fixed interest analyst ad many more professionals like chartered accounts and economists.

Forth, the lucrative part of being an asset manager makes it worthwhile after all the hard work that you put, your efforts are rewarded greatly. The lifestyle of many money managers is that of high level, from living in the nicest neighbourhood to driving the latWhat I have come to learn is that being in asset manest car, makes it great to be asset manager. agement is an exciting job or place to be in and even Circle of Concern Magazine 38

Issue 6 | September 2014

www.circleofconcern.co.za Circle of Concern Magazine 39

Issue 6 | September 2014

Entertain

www.circleofconcern.co.za

No doubt South African hip pop is on an to keep up? Psyfo feeling the pressure a Ifani is bringing a vibe ,Truth is Psyfo is a ing back to generations (sophie). On the also one of the artist that are raising bars oma ezimnadi Msazi version of 2pac’s de nyovest, kidx ,Riky Rick trying to be Msa forgetting Msanzi very own Nicky Minaj N on the right track not sure if she’s really one rapping about her? I wonder how kh

We are all given 24 hours and some peop them, Magazine editor, song writer, rapp on generations,presenter on vuzu and sh small packages Denise Zimba not forge now on strictly come dancing how wou drama queen but at least now she’s wo drama queen Dineo Ranaka radio and TV ter brand ambassador will we ever get a

Circle of Concern Magazine 40

Issue 6 | September 2014

nment BuZZ

www.circleofconcern.co.za

nother level, now question is will artists be able already realizing a single Umutu wam featuring a better actor than rapper he must consider goother hand Ifani did justice the track and he is s for South African hip pop with his hit track Igear mama and other artists like Lection, casper azi Rick Ross but his doing a good job and not Nadia Nakey representing female rappers she’s y thicker than Minnie Dlamini but why is everyhune feels about this.

ple are using it wisely Kabomo Vilakazi is one of per and actor what’s next? And she plays Mary he sings aswell talk about dinamates coming in eting Ms Mbau of cause the queen of bling is uld have thought? Actress,dancer,musician and orking for her money and she’s is not the only V personality , musician and recently legit winchance?

Circle of Concern Magazine 41

Issue 6 | September 2014