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June/July 2024 Volume 29 No 3R78.00 (incl VAT)Other African Countries R67.83 (excl tax) - THE RULE OF LAW, ECONOMIC FREEDOM & SOCIAL PROGRESS3 BusinessBrief June/July 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 follow us on @bbrief1 VIEWPOINT σ THE PRICE OF POPULISM? - THE RULE OF LAW, ECONOMIC FREEDOM & SOCIAL PROGRESS σ WASTE GOVERNANCE - A MINDSET SHIFT TO ACHIEVING SUSTAINABILITY 12 MANAGEMENT σ THE 3 A’S TO BECOMING A TRUSTED ADVISOR σ GOOD GOVERNANCE - IS IT RED TAPE OR A CRITICAL BOARD COMPETENCY? 24 EDUCATION & TRAINING σ RAPID SKILLING KEY TO COMPETITIVENESS IN THE AGE OF GENERATIVE AI σ INNOVATION IS REDEFINING LEARNING PRACTICES 30 LEGAL σ KNOWING THE RULES OF COURT - CIVIL PROCEDURE PITFALLS FOR LEGAL PRACTITIONERS σ COMPANIES ACT OF 2008 - IMMINENT CHANGES THAT BOARDS SHOULD KNOW 36 TAX σ ARE YOU READY FOR RETIREMENT REFORM? σ CAN AN EMPLOYEE FOR PAYE NOT BE AN EMPLOYEE FOR VAT OR ETI? 44 FINANCE & EQUITY σ DEMYSTIFYING ESG - THE PUSH FOR SUSTAINABLE BUSINESS PRACTICES σ IASB PROPOSES NEW DISCLOSURES FOR BUSINESS ACQUISITIONS 48 ASSETS & INVESTMENTS σ TWO-POT RETIREMENT SYSTEM - NEXT STEPS FOR ADMINISTRATORS, EMPLOYERS & EMPLOYEES σ IMPACT OF DIVORCE ON OCCUPATIONAL RETIREMENT FUND SAVINGS 56 BANKING & INSURANCE σ SARB DIGITAL PAYMENTS ROADMAP TO A CASHLESS SOCIETY σ CAR INSURANCE SIMPLIFIED 66 MARKETING & SELLING σ A MARKETER’S GUIDE TO CREATING CLARITY IN CHAOS σ ETHICS IN AFRICA - THE CRUCIAL ROLE OF PR 70 HUMAN CAPITAL σ DIGITAL TRANSFORMATION - REVOLUTIONISING HR TO CREATE STRATEGIC VALUE σ EMPLOYEE DEBT - A CRITICAL CONCERN FOR CORPORATES? 76 TECHNOLOGY σ THE NEXT CYBERSECURITY REVOLUTION - POST-QUANTUM CRYPTOGRAPHY σ FLASH STORAGE - MAKING SENSE OF SSD & NVME 82 PROCESS & OPERATIONS σ DIGITAL TRANSFORMATION IS DRIVING RESILIENCE IN AFRICAN MANUFACTURING σ ITAD - A KEY DRIVER OF ESG 90 COVER STORY YOUR PLATFORM FOR THOUGHT LEADERSHIP4 BusinessBrief June/July 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 Laetitia Eksteen +27 (0)82 738 3765 laetitia@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 Quality YOUR PLATFORM FOR THOUGHT LEADERSHIPATTORNEYS Patents | Trade Marks | Copyright | Designs Commercial | Real Estate | Dispute Resolution enterprise Whatever your enterprise, we’ve got it covered. www.adams.africa At Adams & Adams we see enterprise clearly… to us, it’s more than just business. That desire to do more, be more, live more. It’s the spark of an idea. The determination to succeed. It can be found at the heart of an organisation, or in the challenging of “why?”and “why not?” It thrives on commitment and fortitude and demands insight and professional engagements, something we have consistently delivered since 1908. We shall continue to help our clients realise African enterprise through our commitment to that belief and our ground-breaking work. That’s our promise to you. /To us it’s more than just business/6 BusinessBrief June/July 2024 BRIEFCASE SanDisk Desk Drive 8TB The all new 8TB SanDisk Desk Drive, its highest capacity yet on an external desktop solid state drive (SSD). Featuring the speed and reliability of an SSD, this new class of drives gives content creators and business professionals an easy way to back up and access their high-resolution photos, videos, and files quickly in a single, convenient location. From photo and video pros to tech enthusiasts, there are a growing number of digital creators generating massive amounts of content who need flexible high-capacity storage solutions to do more, faster. Available in 4TB and 8TB capacities. Available from Western Digital retailers from R6,995.00. For more information www.westerndigital.com/topics/sandisk-desk-drive-ssd Apple iPad Pro M4 The latest version of the Apple iPad Pro is more powerful than the average computer, thinner than most mobile devices and has a screen that is one of the best on the market. Featuring the M4 chip up to 2TB of RAM and a Tandem OLED Ultra Retina XDR screen, the new iPad Pro pushes the boundary of computing power and convenience. A new more capable Apple Pencil Pro and a slim and sleek aluminium Magic keyboard with a larger glass trackpad, make this iPad the best yet. Available in 11”and 13” with up to 2TB RAM and starting at 5.3mm thickness for the 11”and 5.1mm thickness for the 13”. Wi-Fi Mobile data and over 1000 nits screen brightness. Available from Apple dealers countrywide from R22,999.00. For more information www.apple.com 7 BusinessBrief June/July 2024 BRIEFCASE Bang & Olufsen Beosound A5 Speaker Portable and sound quality often don’t go together - the B&O Beosound A5 breaks the rules. The A5 delivers powerful sound both indoors and outdoors. The Beosound A5 is a Wi-Fi and Bluetooth speaker that features a long-lasting battery and built- in wireless charging. It boasts superior build quality and outstanding sound performance in the classic Bang & Olufsen tradition. Enjoy deep bass and omnidirectional sound, easily controlled through the Bang & Olufsen App. Stereo pairing and multiroom connections are straightforward to set up. Available from Bang & Olufsen from R25,999.00. For more information www.bang-olufsen.com/en/za/speakers Samsung A55 5G Samsung value and quality are on show with the new A55 5G mobile phone. A simple all metal design with a 3-camera layout in four colours. The camera selection with the 32MP selfie camera and the 50MP main camera offers outstanding photography no matter the conditions. A new, improved Octa-core processor with faster NPU and GPU powers you through gaming video creation and general use. A massive 6.6” gorilla glass 120Hz display with 1000 nits brightness will make every interaction fast and viable. The extended 2-day battery will keep going no matter the challenges. Available from networks and dealers countrywide from R9,999.00. For more information www.samsung.com/za8 BusinessBrief June/July 2024 Kingfisher Villa, nestled within South Africa’s Mabula Game Reserve, offers a luxurious escape amidst the African wilderness. L ocated in Limpopo province, about a two-hour drive from Johannesburg, Mabula spans 12,000 hectares and is renowned for its biodiversity, including the Big Five - lions, leopards, rhinos, elephants, and buffalos. The reserve’s diverse habitats, from savannahs to riverine forests, attract wildlife enthusiasts and nature lovers. The villa blends modern comfort with rustic charm, harmonizing with its natural surroundings. Large windows and open spaces provide panoramic views, while the interiors combine contemporary aesthetics with traditional African elements. Each bedroom offers comfort with en- suite bathrooms and private terraces overlooking the serene landscape. Amenities ensure a luxurious stay. Guests can unwind in the private swimming pool, enjoy gourmet meals prepared by a personal chef, or relax in the spacious lounge area. TRAVEL & LEISURE Kingfisher Villa …in the Mabula Game Reserve9 BusinessBrief June/July 2024 The outdoor boma, a traditional African enclosure, is perfect for evening gatherings under the starlit sky, complete with a crackling fire and the sounds of the bush. A stay here offers an immersive experience in wildlife conservation and adventure. Game drives led by experienced rangers provide opportunities to encounter the Big Five and other species. Birdwatching excursions, guided bush walks, and visits to nearby cultural sites enrich the experience, connecting guests deeply with the land and its heritage. More than just a retreat, the villa is a gateway to the heart of Africa’s wilderness. Here, luxury and nature coexist, offering an unparalleled safari experience that promises tranquillity and excitement. Whether seeking solitude, adventure, or both, it delivers an unforgettable journey into the wild. Conference facilities are available on request. TRAVEL & LEISURE For more information or to book | https://kingfishervilla.co.za | res@kingfishervilla.co.za | +27 (0)14 734 7000 |Next >