Lack of information remains reason many SA companies are failing

Friday 29 September 2017

Amina Accram

 

The Trade and Industry Department (DTI) through its Trade Invest Africa this week hosted a conference with the World Bank and businesses to see how South Africa could take advantage of funds available through the bank. (SABC)

Lack of information remains one of the key reasons many South African companies are failing to secure business opportunities with the World Bank in developing country markets. This is compared to their Asian, European, Australian and US counterparts.

The Trade and Industry Department (DTI) through its Trade Invest Africa this week hosted a conference with the World Bank and businesses to see how South Africa could take advantage of funds available through the bank.

Read more on …

http://www.sabc.co.za/news/a/742cb20042caa263acbaace81c79da5f/Lack-of-information-remains-reason-many-SA-companies-are-failing-20172909 30 September 2017

 

2017-09-30T11:17:46+02:00September 30th, 2017|Finance, Recources, Syllabus Topics|

Is your insurer checking your Facebook page?

How big data and social media might impact your insurance.

Patrick Cairns                          29 September 2017

 

 

 

 

 

 

 

Picture: Scott Eells/Bloomberg

People need to be aware of the implications of what they post online writes Patrick Cairns.

Wherever you are, and whatever you are doing, the chances are it’s being recorded somehow. And it’s also probable that that record can be accessed.

That is the nature of a highly-connected world. The internet contains far more information about us than most people realise.

Whether its through business sales records, social media or sensors in the internet of things, almost everything we do contributes to what is known as big data. This is a huge volume of information, that is constantly growing, which could potentially be mined by organisations to assist them, and hopefully the public, in a variety of ways.

Speaking in Cape Town this week, Maria Philippides, a director at Norton […]

2017-09-30T11:15:41+02:00September 30th, 2017|Investment and insurance, Recources, Syllabus Topics|

Elon Musk’s new vision: Anywhere on earth in under one hour

2017-09-29                                           Dana Hull and Perry Williams

Elon Musk

Sydney – Entrepreneur Elon Musk, who envisions a human colony on Mars, is planning to create a new, much larger rocketship code named “BFR” capable of traveling anywhere on Earth in under an hour.

If the concept becomes reality, a journey from New York to Shanghai can be completed in about 30 minutes. The surprise announcement means that Musk’s  Space Exploration, which has already disrupted the aerospace industry with reusable launches, plans to ferry humans not just to distant planets but across this one as well.

“If we are going to places like Mars, why not Earth?” Musk said Friday at the 68th International Astronautical Congress on Friday in Adelaide, Australia. Animation played on a big screen behind him, showing scores of people getting on a high-speed ferry in New York, then boarding the BFR. The spaceship then […]

2017-09-30T11:12:17+02:00September 30th, 2017|Entrepreneurship, Recources, Syllabus Topics|

Credit card fraud – 10 tips to protect against it

14 September 2017                     Vicky Sadler

 

Credit cards have made payments quick, easy, and convenient, and they can be used to make online purchases, pay for parking, and much more.

Nevertheless, it has also become riskier these days as attackers can gain your identity and credit or debit card information to make purchases.

Being proactive to secure your credit and debit cards is, therefore, critical.

Here are 10 important tips to consider when using your credit card.

  1. Sign your card as soon as you receive it

Many people forget to sign the back of their credit or debit cards, but many merchants do match signatures when processing transactions at retail stores.

  1. Review your account statements on a timely basis

You should always check your receipts against your statements every week to ensure that you have not been overcharged or that your refund has been paid […]

2017-09-30T11:09:40+02:00September 30th, 2017|Finance, Recources|

SA’s massive investment boycott

The trust relationship between the state and the private sector has deteriorated rapidly over the last five years.

Ryk van Niekerk                                   14 August 2017

President Zuma’s term in office has wreaked havoc on the SA economy. Picture: Reuters/Rogan Ward

 

 

 

The notion of a tax boycott seems to creep into many casual conversations among taxpayers.

Recent revelations of the extent of corruption and flows of billions to Dubai, do not sit well with those funding state coffers, and rightly so.

Ignoring the merits and possible consequences of such a revolt, the practical prospects of a wide scale tax boycott are limited. But many South Africans may be oblivious to a massive investment boycott by the private sector that is on the go.

This boycott began when President Jacob Zuma took office and has steadily gained momentum over the last five years as the trust relationship between the […]

2017-09-30T11:07:11+02:00September 30th, 2017|Environments, Recources, Syllabus Topics|

SA firm to use AI to predict crime before it happens

2017-05-29                                         Kyle Venktess: Fin24

Johannesburg – A software company in Cape Town is hoping to predict crime before it happens through machine-learning, artificial intelligence and data capturing.

Solution House Software has launched a new artificial intelligence (AI) module designed to predict and map potential crimes before they happen.

Solution House Software director Tiaan Janse van Rensburg told Fin24 that the module collates data from 50 types of crimes, from rapes to hijackings to house breakings.

“Using data such as weather patterns and other reported crimes, we are able to predict the likelihood of a specific crime taking place, on a particular day at a particular time,” he told Fin24.

Read more on …

 

http://www.fin24.com/Tech/News/sa-firm-to-use-ai-to-predict-crime-before-it-happens-20170529 22 August 2017

2017-09-30T11:03:06+02:00September 30th, 2017|Entrepreneurship, Recources, Syllabus Topics|

WATCH: Influential women in business share leadership lessons

Phuti Mahanyele, Judy Dlamini, Nonkululeko Gobodo and more.

Moneyweb                               9 August 2017 09:30     

Picture: Moneyweb

In partnership with FNB, Moneyweb presents this bespoke leadership video series with top business people. The interview draws on the person’s life, failures and the lessons they have learnt on their journey to the successful leadership positions they hold today. Here are extracts from some of these videos.

  • Phuti Mahanyele

Mahanyele is the former CEO of Shanduka Group and now Sigma Capital’s executive chair. Here she shares the values that help someone become a strong, grounded leader:

Business Leadership: focus as much as you can on skilling yourself

  • Judy Dlamini

A former family doctor, investment banker, entrepreneur, proponent for education and agent for social change, Dlamini is now chairperson of Mbekani Group. She has sage advice for both young and older ambitious women:

Business Leadership: If you’re an ambitious woman, find a […]

2017-09-30T11:01:30+02:00September 30th, 2017|General management and CSR, Recources, Syllabus Topics|

Don’t take everything offshore just because you can

Consider the fundamental value in South African assets.

Patrick Cairns                                                  26 July 2017

Picture: Simon Dawson/Bloomberg

For many local investors, it’s hard to feel confident about putting money into South African assets. The risks and uncertainties seem very high, particularly when it comes to cash and government bonds.

At the start of 1994, one US dollar bought R3.40. The local currency has since depreciated by close to 75%, and people are therefore worried about losing purchasing power if they invest in South African cash.

The uncertainties about the country’s political and fiscal stability also make many investors wary of local government bonds. There is a good chance that South Africa’s sovereign credit rating will be downgraded to sub-investment grade before the end of this year, and people are worried about whether that will cause an exodus of foreign investors and how that would impact the bond […]

2017-09-30T10:59:43+02:00September 30th, 2017|Investment and insurance, Recources, Syllabus Topics|

Business leadership

It’s amazing how many business leaders can’t answer the very simple questions’

Dudu Msomi, founder CEO of Busara Leadership Partners, cuts to the chase regarding business strategy.

Sonya & John Culverwell                                8 August 2017

Dudu Msomi is passionate about business leadership development, but in her world, coaching a company’s leaders often transmutes into facilitating business strategy, team building, mentoring and a number of other disciplines. This occurs, according to Msomi, because very often leaders think that they know what the problem is in their organisation – mistakenly. In her view, this misconception is often born out of an inability to interrogate a company’s status quo with the simplest of questions.

Which in itself makes Msomi unusual as a leadership consultant; because she doesn’t believe in confusing the issues and needlessly inflating a situation with theories, models and other intellectual theorising.

In this short video extracted from her full length interview with Moneyweb, Msomi discusses her […]

2017-09-30T10:57:28+02:00September 30th, 2017|General management and CSR, Recources, Syllabus Topics|

Joburg seen as successful in nurturing female entrepreneurs, report shows

Johannesburg ranked 28 out of 50 cities globally for incubating female entrepreneurship.

Aarti Bhana                      11 August 2017

Female entrepreneurs leading Johannesburg in global city ratings. Picture: Shutterstock

The city of Johannesburg has been ranked 28 out of 50 cities globally, for showcasing skill development and business opportunities for women in the 2017 Women Entrepreneur Cities Index.

The index compares and ranks global cities according to their ability to foster and incubate “high-potential women entrepreneurs” and business owners to develop the country’s economic status. The study was conducted by technology services company, Dell.

Cities were ranked by virtue of female skill development in the fields of capital, technology, talent, culture and markets. It was found, however, that South Africa’s female population is leading the political field above others.

The Dell index found that 44% of South African women work […]

2017-09-30T10:56:08+02:00September 30th, 2017|Entrepreneurship, Recources, Syllabus Topics|
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