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April/May 2024 Volume 29 No 2R78.00 (incl VAT)Other African Countries R67.83 (excl tax) DEEPFAKES & LEGAL EVIDENCE HOW WILL THE QUEST FOR AUTHENTICITY BE NAVIGATED?3 BusinessBrief April/May 2024 BRIEFCASE σ THE LATEST GADGETS, GIZMOS & MUST-HAVES 6 TRAVEL & LEISURE σ SUPERB LOCAL EXPERIENCES & GETAWAYS 8 CONTRIBUTORS σ CONSULT OUR CONTRIBUTORS DIRECTLY FOR PROFESSIONAL ADVICE 98 CONTENTS YOUR PLATFORM FOR THOUGHT LEADERSHIP follow us on @bbrief1 VIEWPOINT σ WASTE GOVERNANCE - DECONSTRUCTING THE CARBON CONUNDRUM σ THE WELCOME FRAGMENTATION OF SOUTH AFRICA’S POLITICS 12 MANAGEMENT σ BOARD COMPOSITION - THE CRUCIAL ROLE OF SKILLS, DIVERSITY & KNOWLEDGE σ STARTUPS - THE CRUCIAL ROLE OF CORPORATE GOVERNANCE 22 EDUCATION & TRAINING σ AI RESHAPING LEARNING & DEVELOPMENT σ B-BBEE - SETTING STUDENTS UP FOR FAILURE? 32 LEGAL σ DEEPFAKES & LEGAL EVIDENCE - HOW WILL THE QUEST FOR AUTHENTICITY BE NAVIGATED? σ MINORITY SHAREHOLDERS DO HAVE RIGHTS 36 TAX σ RETHINK YOUR APPROACH TO TAX REPORTING FOR VALUE & RELEVANCE σ TAX IMPLICATIONS OF MOVING OR WORKING OFFSHORE 44 FINANCE & EQUITY σ ACCOUNTANTS - SPEND TIME WHERE IT COUNTS! σ FICA - A QUICK GUIDE FOR ACCOUNTABLE INSTITUTIONS 50 ASSETS & INVESTMENTS σ THE TRAGEDY OF SIMPLE SOLUTIONS FOR COMPLEX PROBLEMS σ TWO-POT SYSTEM - KEY WITHDRAWAL CONSIDERATIONS 60 BANKING & INSURANCE σ INSURANCE POLICY TERMS & CONDITIONS - YOUR KNOWING WILL AVOID CLAIM PAYMENT DELAYS σ INSURANCE CLAIMS - NEGLIGENCE VS GROSS NEGLIGENCE 64 MARKETING & SELLING σ WHAT GENERATIVE AI MEANS FOR RETAIL σ ‘FIRST-PARTY DATA’ - DRIVING REVENUE IN A COOKIE-LESS FUTURE 68 HUMAN CAPITAL σ SUPPORTING NEURODIVERSITY WITH TRANSPARENCY & EMPATHY σ THE PSYCHOLOGICAL EDGE IN THE MODERN WORKPLACE 74 TECHNOLOGY σ HOW TO BUILD TRUST IN THE AGE OF AI σ ADOPTING A ‘TRUE’ ZERO TRUST DATA RESILIENCE MINDSET 78 PROCESS & OPERATIONS σ INDUSTRY-SPECIFIC ERP SOLUTIONS EXPAND σ SMOM - ENGINEERING THE FUTURE OF MINING OPERATIONS 88 COVER STORY4 BusinessBrief April/May 2024 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 trevor@biz-connect.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 Qualityof CFO’s are spearheading digital transformation – are you? 733861 OSFF SYSPRO EMEA@SYSPRO_Africa Find out how in the SYSPRO Manufacturing CFO Survey Report. In an age of uncertainty, change is the only constant. As a CFO, your challenge is to pivot your role to help your business adopt transformative digital technology. To do this, you’ll need to become a Hybrid CFO, equally familiar with operational and fi nancial data – and how to use both to make your business more resilient. To gain insights from your global peers, scan the QR code to download the full report. V01 Copyright © 2024 SYSPRO. All rights reserved. All brand and product names are trademarks or registered trademarks of their respective holders. 52%6 BusinessBrief April/May 2024 BRIEFCASE HONOR Magic V2 The thinnest and lightest foldable device on the market is where the Honor Magic V2 begins. It is only 4.7 mm thick, utilising the latest foldable screen technology with its 7.92” inner screen and the external 6.43” screen. Speedy with the best Snapdragon 8 Gen 2 processor, 16BG RAM, and 512GB memory. A ground-breaking Silicon-Carbon battery offers a massive 5000mAh capacity in the slimmest shape ever. Available from dealers countrywide from R39,999.00. For more information www.hihonor.com/za/phones/honor-magic-v2/ Lenovo ThinkPad X1 Fold 16 Lenovo has recently launched the ThinkPad X1 Fold 16, a 16.3-inch laptop that can be seamlessly folded and comes with an OLED touchscreen and Intel vPro platform. Its battery is equipped with Rapid Charge technology and can last more than a day. The laptop is made with top-quality woven fabric that is 100% recycled. It can be used in portrait, landscape, and laptop modes, and an optional full-size keyboard and stand are available. Its innovative form factor and advanced technology make it one of the most exciting laptops on the market today. Available from Lenovo dealers from R69,999.00. For more information www.lenovo.com MacBook Air M3 Apple has launched its latest MacBook Air models in South Africa - the M3 13” and 15”. The new M3 chip offers up to a 60% increase in performance over older models and is 13x faster than the older Intel-based MacBook Airs. Battery life remains at 18 hours with normal usage. All new MacBook Airs offer three mics and four speakers for spatial audio. All models offer the Liquid Retina display, which is available in midnight, starlight, space grey and Silver. Available from Apple dealers from R25,999.00. For more information www.apple.com7 BusinessBrief April/May 2024 BRIEFCASE Anker Soundcore Space One active noise-cancelling headphones Anker is famous for producing high-quality products that are stylish, functional, and efficient. The new Anker Soundcore Space One noise-cancelling headphones are no exception. With 98% noise reduction and 2X stronger voice reduction, you can expect a peaceful listening experience. The headphones offer 40-hour battery life, LDAC support for high-res music and extra comfort due to the 8-degree rotating earcups. Additionally, the headphones come with physical easy-to-use controls and advanced drivers in a variety of elegant colours such as black, blue and cream. Available online and in-store from R1,795.00. For more information https://www.facebook.com/ankerofficial.za Toshiba Z670M Quantum Dot 4K Quality, value, and performance are the hallmarks of Toshiba TVs. Their new Z670M Quantum Dot 4K 144 Hz TV offers the latest in gaming technology and performance in a value-priced TV. The Auto Low Latency Mode (ALLM) ensures immediate reactions to every move and a lag-free gaming experience. Game Mode Pro features colour correction that is fully optimised for gaming. Toshiba has included Dolby Vision®, offering stunning visual fidelity and vibrant colours that bring every game to life with breathtaking realism. Toshiba’s Quantum Dot Technology creates vivid, lifelike colours. Available in a range of sizes including 85”, 75”, 65” and 55”. Available countrywide from R15,995.00. For more information www.sa.toshiba-visual.com8 BusinessBrief April/May 2024 Nestled on the slopes of the Franschhoek Mountains with spectacular views of the valley is the award- winning, 5-star luxury boutique hotel and wine estate La Petite Ferme. L a Petite Ferme, French for ‘the little farm’, has grown and evolved over the decades into a memorable winelands destination that today includes a boutique hotel, an award-winning restaurant serving country cuisine with a fresh contemporary touch, and a celebrated winery that produces a full range of hand-crafted wines (red, white, and rosé) from its own boutique-style cellar managed by talented winemaker Wikus Pretorius. With its romantic setting, it is ideal for weddings and special functions. It is also a desirable small conference venue for those who want superb accommodation and spectacular views within an exclusive environment. It has a private dining room suitable for events, from small formal dinners to intimate celebrations, executive business meetings and small conferences of up to 10 delegates. The accommodation, with spectacular views and luxurious comfort, comprises the Vineyard Suites, the recently TRAVEL & LEISURE La Petite Ferme …award-winning cuisine, wine & accommodation9 BusinessBrief April/May 2024 launched Winery Suites , and the sophisticated, 5-suite Manor House, which can accommodate business functions and delegates. Manor House, previously known for its Cape Vernacular style in both look and feel, with reed ceilings on the veranda and traditional furnishings and décor, is now contemporary and upmarket with an ‘airy outdoor luxury’ of international standards in a setting characterised by majestic mountains and vineyards. All the suites offer luxuries and carefully considered conveniences such as underfloor heating in the bathrooms, heated towel rails, Wi-Fi, smart televisions, roofed terraces and air- conditioning. Each suite, individually decorated in a theme from different regions of the world, has been named, as a special dedication, after people who have inspired the owner of La Petite Ferme. Situated less than three minutes from the village of Franschhoek and an hour’s drive from Cape Town and the Airport, La Petite Ferme is the perfect destination for local and international guests. TRAVEL & LEISURE For more information or to book | www.lapetiteferme.co.za | accommodation@lapetiteferme.co.za | +27 (0)21 876 3016 |Next >