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December/January 2022/23 Volume 27 No 6R65.00 (incl VAT)Other African Countries R56.52 (excl tax) UNEVEN BARTER TRANSACTIONS DESIGN THINKING CRITICAL IN AI APPLICATIONS IS THERE A GAP IN YOUR SKILLS DEVELOPMENT PLAN? DIGITAL FUTURE OF BANKING IS INEVITABLE & IMMINENT ‘BLACK EXCELLENCE’ - AN INAPPROPRIATE DEFINITION FOR BLACK SUCCESS! TRAVEL & LEISURE THE STATION HOUSE GONDWANA PRIVATE GAME RESERVE - ECO CAMP WHO WILL WATCH THE WATCHMEN? THE RELEVANCE & ROLE OF THINK TANKSThe Mercedes-Benz V-Class. A way of life. Never compromise on the life you want. The Mercedes-Benz V-Class gives you access to more of life’s finer moments. Its luxurious design and advanced driver-assistance features make the journey as pleasurable as the destination. The interior space sets a new bar for superior comfort, ensuring that friends and family will love every second of the journey. For more information search V-Class online. Experience the luxury of a life well lived. Vehicle specifications may vary.BusinessBrief December/January 2022/23 3 @ VIEWPOINT σ WHO WILL WATCH THE WATCHMEN? - THE RELEVANCE & ROLE OF THINK TANKS σ ‘BLACK EXCELLENCE’ - AN INAPPROPRIATE DEFINITION FOR BLACK SUCCESS! 12 MANAGEMENT σ DESIGN THINKING CRITICAL IN AI APPLICATIONS σ ENTREPRENEURAL SUCCESS REQUIRES AN INTERCONNECTED ECOSYSTEM 26 EDUCATION & TRAINING σ IS THERE A GAP IN YOUR SKILLS DEVELOPMENT PLAN? σ EFFECTIVE WAYS TO LEARN AS AN ADULT 32 LEGAL σ PROTECTIONISM HITS THE LEGAL PROFESSION σ PIERCING THE CORPORATE VEIL 36 TAX σ WHO, WHY & HOW? - BACKDATING YOUR FINANCIAL EMIGRATION σ UNEVEN BARTER TRANSACTIONS 44 FINANCE & EQUITY σ THE FINANCIAL ACTION TASK FORCE GREY LIST IS FAST APPROACHING… ARE YOU PREPARED? σ RED FLAGS OF IMPROPER DISCLOSURE & ASSET VALUATION 50 ASSETS & INVESTMENTS σ LOOK BEFORE YOU LEAP WHEN INVESTING OFFSHORE σ A CASE FOR INVESTING IN FINE WINE 58 BANKING & INSURANCE σ DIGITAL FUTURE OF BANKING IS INEVITABLE & IMMINENT σ FINTECH - FURTHER INNOVATION REQUIRES REGULATION 62 MARKETING & SELLING σ THE METAVERSE HAS ARRIVED - BUSINESSES & BRANDS NEED TO JUMP ON BOARD NOW σ WRITING FOR THE RAPIDLY CHANGING TECHNOLOGY CHANNEL 68 HUMAN CAPITAL σ THE GREAT RE-EVALUATION - CREATING VALUE PROPOSITIONS THAT EXCEED EXPECTATIONS σ APPLYING ALGORITHMS TO WORKPLACE CONFLICT 76 TECHNOLOGY σ UTILISING DATA TO BRIDGE THE INNOVATION EXECUTION GAP σ THE REALITY OF ZERO TRUST 84 PROCESS & OPERATIONS σ THE POWER OF PARTNERSHIPS UNLOCKS CONTAINERISATION ADVANTAGES σ VR & AR EXPAND CONSTRUCTION FRONTIERS 92 BRIEFCASE σ ALL THE LATEST GADGETS, GIZMOS AND OFFICE MUST-HAVES 6 TRAVEL & LEISURE σ SUBERB LOCAL EXPERIENCES 8 CONTRIBUTORS σ CONSULT OUR CONTRIBUTORS DIRECTLY FOR PROFESSIONAL ADVICE 98 COVER STORY CONTENTS YOUR PLATFORM FOR THOUGHT LEADERSHIPBusinessBrief December/January 2022/23 4 PUBLISHER BusinessBrief Publishing +27 (0)11 788 0880 EDITOR & PUBLISHER James Scott james@bbrief.co.za TECHNOLOGY & GADGETS Steven Ambrose steven@strategyworx.co.za CONTRIBUTORS Please see the list of this edition’s contributors on page 98 ADMINISTRATION/ SUBSCRIPTIONS Abednico Banda admin@bbrief.co.za ADVERTISING Trevor Ormerod +27 (0)83 299 7070 trevoro@media-connect.co.za Mercia van der Merwe +27 (0)66 213 3546 mercia@sawubona.co.za Abednico Banda +27 (0)11 788 0880 nico@bbrief.co.za James Scott +27 (0)11 788 0880 james@bbrief.co.za DESIGN & LAYOUT PxL Designs PUBLISHING POLICY EDITORIAL Articles are published at the editor’s discretion, and are not linked to the payment of any consideration or to any obligation to place advertising. ADVERTORIAL Published for a consideration, this material is provided by the client and does not necessarily reflect the views of the publication. It includes profiles, features, white papers, case studies, and thought leadership pieces. SPONSORED EDITORIAL Written by an independent journalist, this material is published for a consideration, and includes profiles, features, white papers, case studies, and thought leadership pieces. Editorial contributions are welcome, but the publisher cannot accept responsibility for unsolicited material. The editor reserves the right to alter or cut copy. COPYRIGHT BusinessBrief Publishing (Pty) Ltd. All rights reserved. Requests to lift material should be made to the editor. While every effort has been made by the publisher to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors, or loss incurred as a result. The publisher advises that readers consult their financial and professional consultants before acting on any information. All material used has been submitted with the understanding that it is original, and the publisher accepts no responsibility for any misrepresentation in this regard. No consideration is accepted for any editorial published. Published articles are not linked to the placement of any advertising. A COMMITMENT TO PROFESSIONAL PUBLISHING The publishers of this magazine are members of the Magazine Publishers’ Association of South Africa. They have made a commitment to: •Conduct business professionally and ethically at all times. •Not misrepresent their experience or capabilities, or those of their employees and agents. •Not make misleading claims or use terms which may be misunderstood. •Treat as confidential all off-record information learned about the customer. •Publish the magazine timeously. •Open their distribution records for audit by the Audit Bureau of Circulation. THE TEAM PUBLISHER’S NOTE AAMBAG African Association of MBA Graduates CPD/E The following organisations, subject to individual requirements, have accredited BusinessBrief for purposes of CPD/E (Continuing Professional Development/ Education) AT(SA) Accounting Technicians SA Association of Chartered Certified Accountants Federation of African Professional Staffing Organisations Chartered Governance Institute of Southern Africa Chartered Institute of Management Accountants Compliance Institute Southern Africa Contact Centre Management Group Financial Planning Institute of Southern Africa Institute of Certified Bookkeepers and Accountants Institute of Credit Management of Southern Africa Institute of Directors Southern Africa Institute of Management Consultants & Master Coaches of Southern Africa Institute of People Management Public Relations Institute of Southern Africa South African Auditor & Training Certification Authority South African Board for People Practices Southern African Institute for Business Accountants South African Institute of Professional Accountants South African Institute of Tax Practitioners South African Payroll Association Southern African Society for QualityYour CPD points don’t have to be ••••• • a drag • expensive • inconvenient • or time-consuming • anytime • anywhere • online ••••• www.bbrief.co.za only R40 per point YOUR PLATFORM FOR THOUGHT LEADERSHIP offers verifiable CPD pointsBusinessBrief December/January 2022/23 6 BRIEFCASE Sony Alpha ZV-E10 The Sony Alpha ZV-E10 is a compact camera perfect for high-quality Vlogging photo and video taking with interchangeable lenses. Creators and camera enthusiasts have an ideal blend of size and functionality in a camera that offers a dynamic range and flexibility in close-up and zooming beyond any mobile camera. With an effective pixel density of 24.2 Megapixels and an ISO range from 100 to 32000, expect professional results with ease. Available from Sony Camera dealers countrywide from R12,999.00. For more information www.sony.com/za/electronics/interchangeable-lens-cameras/zv-e10 iPad Pro M2 Apple’s latest update to the iPad Pro features the new M2 processor with its class-leading power and battery life. The latest Wi-Fi 6E, along with the fast refresh ProMotion 120Hz screen offers performance for professional use. IOS 16 is standard and moves the iPad closer to full laptop usability. Storage can be expanded to 2TB. The Advanced Wide and Ultra Wide cameras help you capture the perfect photo or video, including Lidar sensors and full Apple Pencil 2 support. Available from iStores countrywide from R18,299.00. For more information www.istore.co.za Microsoft Surface Pro 9 Combine a laptop’s power with a tablet’s flexibility and every angle in between. The new Surface Pro 9 features 2880 x 1920-pixel PixelSense Flow display with a refresh rate of up to 120Hz, a 1080p front-facing camera, and a choice of 12th- gen Intel or Microsoft SQ 3 processors. The Surface Pro 9 will handle all your leisure and business needs. Available countrywide from R24,995.00, depending on the model chosen. For more information www.microsoft.comBusinessBrief December/January 2022/23 7 LG OLED Nvidia G-Sync Gaming ThinQ Smart TV LG has upped the game with new Nvidia-certified OLED TV’s. HDMI 2.1 support and an ultrafast .01ms response time make these new LG OLED TVs perfect for the ultimate streaming, gaming, and sports-watching TVs. Smart Alpha 9 AI-enabled processor and the user- friendly WebOS user interface with ThinQ capabilities make this the hottest OLED TV available right now. Available from retailers countrywide in 55” and 65” versions from R18,999,00. For more information www.lg.com/za/tvs/ BRIEFCASE Sony LinkBuds S These small, light and unobtrusive earbuds will keep you connected. The Sony LinkBuds S earphones sound way more expensive than they are and can be worn comfortably around the clock, keeping you in touch with people and places. The Sony LinkBuds S switches automatically to optimised ambient sound or high-quality noise cancelling for listening without distractions. Available in a choice of four premium matt colours – black, white, ecru and blue-marble Earth Blue – all with matching cases. Available from Sony retailers from R2,999.00. For more information www.sony.com/za/electronics/truly-wireless/linkbuds-s BusinessBrief December/January 2022/23 8 Home Suite Hotels has answered the needs of modern ‘bleisure’ travellers by giving them everything they need and much more with the opening of the Station House, which is ideally located in the heart of Cape Town’s vibrant neighbourhood, Sea Point. C lose to Cape Town’s CBD and the V&A Waterfront, corporate travellers can enjoy the best that Cape Town offers - scenic views of the Atlantic Ocean, the surrounding mountains, beautiful beaches and shopping, all while comfortably positioned to focus on work, meetings and projects. As a mixed-use development, the Station House also caters to long-term travellers requiring accommodation for an extended period. Amenities include a state-of-the-art business centre fitted with meeting pods, a rooftop swimming pool, a gym, biokinetics and a yoga studio. ‘Sonny and Irene’ is a beautifully decorated and welcoming café-bakery and cocktail bar located at street level and part of the Kove Collection. The breakfast menu offers traditional fare, house granola, eggs benedict, hot buttermilk cakes, and more. The lunch and dinner menu caters to all tastes - from salads and burgers to fish and chips and lamb cutlets. TRAVEL & LEISURE The Station HouseBusinessBrief December/January 2022/23 9 ion House ‘The Nines’, a rooftop restaurant and cocktail lounge on the ninth floor, is the perfect place to enjoy lunch, cocktails, and dinner. With a two-hundred-and-seventy-degree view of Cape Town’s mountains and ocean, the beautifully decorated venue provides a dramatic setting for good food and drinks with family and friends. The menu doesn’t compromise - with starters that include Saldanha Bay oysters, yellowfin tuna tartare and beef carpaccio to a broad offering of mains from black truffle risotto, a seafood platter to a sixty-day dry-aged prime rib. Desserts of white chocolate crème brûlée, lemon & blood orange tart to pavlova provide a sweet finish. As a mixed-use development, the apartments and hotel rooms share the same amenities - this makes for an exciting mix of residents that can come together to share all this property’s unique spaces and still maintain their privacy. TRAVEL & LEISURE For more information or to book | www.homesuitehotels.com/stationhouse | reservations@homesuitehotels.com | +27 (0)10 500 1557 |Next >