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April/May 2023 Volume 28 No 2R75.00 (incl VAT)Other African Countries R65.22 (excl tax) FINANCIAL CRISIS! - WHAT ARE YOUR OPTIONS? THE IMPORTANCE OF EQ IN A BUSINESS TURNAROUND UNLEASHING THE EDUCATIONAL POTENTIAL OF AI & ML THE PRICE OF PASSING - NAVIGATING THE COSTS OF DEATH IS CORPORATE PUNISHMENT BASED ON YOUR SKIN COLOUR? TRAVEL & LEISURE GARDEN ROUTE SAFARI CAMP WILDEHONDEKLOOF PRIVATE GAME RESERVE A HEGEMON CRUMBLES! WILL THE ANC SURVIVE AFTER DECADES OF PARASITIC POLICIES?BusinessBrief April/May 2023 3 @ VIEWPOINT σ A HEGEMON CRUMBLES! - WILL THE ANC SURVIVE AFTER DECADES OF PARASITIC POLICIES? σ IS CORPORATE PUNISHMENT BASED ON YOUR SKIN COLOUR? 12 MANAGEMENT σ THE IMPORTANCE OF EQ IN A BUSINESS TURNAROUND σ DIGITISING SMES DRIVES RESILIENT ECONOMIES 26 EDUCATION & TRAINING σ AI IN EDUCATION - TRANSFORMING LEARNING OR DISRUPTING THE SYSTEM? σ UNLEASHING THE EDUCATIONAL POTENTIAL OF AI & ML 34 LEGAL σ EMPLOYERS LIABLE FOR FORESEEABLE WORKPLACE HARM σ SALE OF A BUSINESS - WILL A RESTRAINT OF TRADE TRANSFER TO THE NEW EMPLOYER? 40 TAX σ SWING σ FREEBIES AREN’T FREE - TAX OBLIGATIONS FOR SOCIAL MEDIA INFLUENCERS 48 FINANCE & EQUITY σ FICA - IMPLICATIONS OF AMENDMENTS σ FINANCIAL CRISIS! - WHAT ARE YOUR OPTIONS? 54 ASSETS & INVESTMENTS σ BEWARE OF BEHAVIOURAL BIASES WHEN INVESTING LONG- DISTANCE σ THE PRICE OF PASSING - NAVIGATING THE COSTS OF DEATH 60 BANKING & INSURANCE σ THE REVOLUTIONARY IMPACT OF GEOSPATIAL DATA IN BANKING σ BUILDING A DIGITAL SUSTAINABLE BANK FOR THE FUTURE 66 MARKETING & SELLING σ HOW TO INCLUDE TIKTOK WHEN BUILDING A WINNING BRAND? σ NEW RULES FOR ADVERTISING CRYPTO ASSETS 74 HUMAN CAPITAL σ TAKING PEOPLE ANALYTICS TO THE NEXT LEVEL σ IS PERFECTIONISM YOUR BIGGEST FLAW? - THAT DOESN’T IMPRESS INTERVIEWERS MUCH! 78 TECHNOLOGY σ NAVIGATING CHANGE IN A DIGITAL-FIRST WORLD σ FORTIFYING CYBERSECURITY - THE CRITICAL ROLE OF THE HUMAN CONNECTION 86 PROCESS & OPERATIONS σ SUBSCRIPTION VS CONSUMPTION – IS THERE A DIFFERENCE? σ BMS - A BLUEPRINT FOR SMART CONSTRUCTION? 94 BRIEFCASE σ ALL THE LATEST GADGETS, GIZMOS AND OFFICE MUST-HAVES 6 TRAVEL & LEISURE σ SUPERB LOCAL EXPERIENCES 8 CONTRIBUTORS σ CONSULT OUR CONTRIBUTORS DIRECTLY FOR PROFESSIONAL ADVICE 100 COVER STORY CONTENTS YOUR PLATFORM FOR THOUGHT LEADERSHIPBusinessBrief April/May 2023 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 100 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 Do you want to market your business to over 700,000 business influencers & decision-makers daily ! Talk to MediaConnect! Personal Finance and Tax Inform Educate Empower DISCOVERCONNECTENGAGE trevoro@media-connect.co.za Utilise banner advertising & sponsored content in South Africa’s leading business newsletters & platforms to push traffic to your website We will ▄ diagnose your communication challenges & structure effective solutions ▄ work within your budget to optimise & maximise exposure ▄ tailor a one-stop-shop package to target your messages to specific markets ▄ strategically use newsletters as teasers to drive up your web traffic ▄ strengthen links between your consumers & your web presence 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 QualityDo you want to market your business to over 700,000 business influencers & decision-makers daily ! Talk to MediaConnect! Personal Finance and Tax Inform Educate Empower DISCOVERCONNECTENGAGE trevoro@media-connect.co.za Utilise banner advertising & sponsored content in South Africa’s leading business newsletters & platforms to push traffic to your website We will ▄ diagnose your communication challenges & structure effective solutions ▄ work within your budget to optimise & maximise exposure ▄ tailor a one-stop-shop package to target your messages to specific markets ▄ strategically use newsletters as teasers to drive up your web traffic ▄ strengthen links between your consumers & your web presence BusinessBrief April/May 2023 6 C835 TCL Mini LED 65” 4K TV The TCL C835 4K TV offers the convenience of Google TV, with Mini LED backlighting and quantum-dot colour for performance that can rival OLED for pure black and exceed OLED brightness and colour accuracy. The TCL 835 has all the connections you need, Onkyo- optimised sound and a high refresh for good gaming. Overall, this TV is a polished entertainer at a reasonable price. Available from dealers countrywide from R25,999.00. For more information www.tcl.com BRIEFCASE Apple TV 2023 The latest Apple TV 4K features the snappy A15 Bionic chip, support for HDR10+, and a Siri Remote with a USB-C port for charging. The faster A15 Bionic chip delivers up to 50 percent better CPU performance and 30 percent better GPU performance than the previous Apple TV 4K. The Apple TV 4k offer the broadest range of apps and an outstanding picture. Two variants with 64k and 128k memory and a lower price make this the best TV streaming device currently available. Available from Apple dealers countrywide from R2,999.00. For more information www.apple.com/za/ LG S95QR High Res Audio Sound Bar The LG S95QR High Res Audio Sound Bar is a complete system that provides a superior surround sound experience with 9.1.5 channels and 810W total output, Wireless Rear Surround Speakers, and a subwoofer. It is also compatible with the LG Sound Bar application, which allows for easy sound control, and features Dolby Atmos, DTS:X, and IMAX for an enhanced cinematic experience. Tuned by Meridian Audio Technologies, the LG S95QR is designed to upgrade your TV viewing experience. Available from LG dealers from R21,995.00. For more information www.lge.com/za BusinessBrief April/May 2023 7 BRIEFCASE Lenovo LOQ 16IRH8 Gaming Laptop The Lenovo LOQ 16IRH8 Gaming Laptop is a top-of-the-line device that offers both gaming and business capabilities in a slick, sleek and compact package. With a 13th Gen Intel Core or AMD Ryzen 7000 Series CPU and NVIDIA GeForce RTX 4060 Laptop GPU for graphics, the LOQ 16 is equipped for high-performance gaming. The laptop’s MUX switch allows the integrated GPU to be bypassed, enabling the NVIDIA graphics card to interface directly with the display for higher frames-per-second and reduced latency. The Lenovo LOQ gaming laptop also offers high- refresh screen speeds, up to 16 GB memory, and 1 TB SSDs, ensuring everything runs fast and smooth. Available from Lenovo dealers from R25,995.00. For more information www.lenovo.com/za/en/ Samsung Galaxy S23 Ultra The Samsung Galaxy S23 Ultra is the latest and greatest addition to the Galaxy line-up, boasting the most polished and advanced technology to date. The phone is equipped with the latest Qualcomm Snapdragon 8 Gen 2 processor, a 200 MP rear camera, and a smooth 6.8” dynamic refresh AMOLED screen. The combination of these features provides an ultra-smooth, fast, and premium user experience, making the Samsung S23 Ultra a must-try for anyone seeking the finest Android smartphone. Available from R30,999.00 at dealers and networks countrywide. For more information www.samsung.com/zaBusinessBrief April/May 2023 8 The Wildehondekloof Western Cape Lodge is a testament to the transformative power of vision and perseverance. In 1996, the barren land was purchased without fencing, roads or infrastructure. Over time, construction of the facilities and managers’ quarters commenced, but the vision was to create a lodge utilising the existing building. I t soon became apparent that more facilities were needed to bring the site’s full potential to life. As a result, planning for the present Oudtshoorn Wildehondekloof Lodge began, creating nine luxurious en-suite rooms that have become a landmark for nature lovers both in South Africa and abroad. In 2005, a breeding herd of seven Eland were purchased, marking the introduction of the first animals to Wildehondekloof. This addition complemented the existing animals: grey rhebok, Klipspringer, duiker, grysbok, Kudu, porcupine, honey badger, baboons, leopards, jackals, and caracal. Over time, more animals have been introduced, TRAVEL & LEISURE Wildehondekloof Private Game Reserve - in the heart of the Little Karoo’s Swartberg MountainsBusinessBrief April/May 2023 9 including Eland, Kudu, Gemsbok, Red Hartebeest, Blue Wildebeest, Black Wildebeest, Nyala, Zebra, Blesbok, Impala, and Springbok. With stunning mountain and river views, the lodge offers nine luxurious en-suite bedrooms that are air-conditioned. Activities include guided game drives, hiking trails, and mountain biking. A new self-catering Villa that sleeps six is available, complete with a kitchen, lounge, dining area, shaded private parking, free WiFi, and swimming pool use. Wildehondekloof is also an ideal venue for exclusive team building and small corporate getaways. It is one of Cape Country Routes’ hallmark properties. TRAVEL & LEISURE For more information or to book | www.whkloof.co.za | bookings@capecountryroutes.com | info@whkloof.co.za | +27 (0)21 023 3611 | Next >