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February/March 2025 Volume 30 No 1R78.00 (incl VAT)Other African Countries R67.83 (excl tax) FAMILY BUSINESS - GOVERNANCE AND DYNAMICSFAMILY BUSINESS - GOVERNANCE AND DYNAMICS NAVIGATING ARTICLE 6 OF THE PARIS AGREEMENTNAVIGATING ARTICLE 6 OF THE PARIS AGREEMENT ISO 20022 - SETTING NEW STANDARDS FOR PAYMENTSISO 20022 - SETTING NEW STANDARDS FOR PAYMENTS THE OPPRESSOR BECOMES THE OPPRESSED - A FATAL OBSESSION WITH RACE! THE OPPRESSOR BECOMES THE OPPRESSED - A FATAL OBSESSION WITH RACE! ADVISORY AND SHADOW BOARDS - FLAWED FIXES FOR GOVERNANCE AND INCLUSIONADVISORY AND SHADOW BOARDS - FLAWED FIXES FOR GOVERNANCE AND INCLUSION FAMILY BUSINESS - GOVERNANCE AND DYNAMICSFAMILY BUSINESS - GOVERNANCE AND DYNAMICS NAVIGATING ARTICLE 6 OF THE PARIS AGREEMENTNAVIGATING ARTICLE 6 OF THE PARIS AGREEMENT ISO 20022 - SETTING NEW STANDARDS FOR PAYMENTSISO 20022 - SETTING NEW STANDARDS FOR PAYMENTS THE OPPRESSOR BECOMES THE OPPRESSED - A FATAL OBSESSION WITH RACE! THE OPPRESSOR BECOMES THE OPPRESSED - A FATAL OBSESSION WITH RACE! ADVISORY AND SHADOW BOARDS - FLAWED FIXES FOR GOVERNANCE AND INCLUSIONADVISORY AND SHADOW BOARDS - FLAWED FIXES FOR GOVERNANCE AND INCLUSION TRAVEL & LEISURETRAVEL & LEISURE VAL DU CHARRON WINE & LEISURE ESTATE VAL DU CHARRON WINE & LEISURE ESTATE DIEMERSFONTEIN WINE AND COUNTRY ESTATEDIEMERSFONTEIN WINE AND COUNTRY ESTATE TRAVEL & LEISURETRAVEL & LEISURE VAL DU CHARRON WINE & LEISURE ESTATE VAL DU CHARRON WINE & LEISURE ESTATE DIEMERSFONTEIN WINE AND COUNTRY ESTATEDIEMERSFONTEIN WINE AND COUNTRY ESTATE BLURRED LINESBLURRED LINESBLURRED LINESBLURRED LINES [UN]NATURAL DISASTERS [UN]NATURAL DISASTERS AND INSURANCE RISK!AND INSURANCE RISK! [UN]NATURAL DISASTERS [UN]NATURAL DISASTERS AND INSURANCE RISK!AND INSURANCE RISK! BusinessBusinessBBriefriefBusinessBusinessBBriefrief2 February/March 2025February/March 2025 Copyright © 2024 SYSPRO. All rights reserved. All brand and product names are trademarks or registered trademarks of their respective holders. 735850 OSFF SYSPRO EMEA@SYSPRO_Africa Turn Data into Decisions. In a world where devices speak, are you listening? With SYSPRO IoT connecting seamlessly to APIs, the exchanges of machine data become valuable, actionable insights. From predictive maintenance to inventory optimisation, harness real-time data—whether in manufacturing or distribution—to make informed decisions that drive your business forward. Ready to unlock the power of connected intelligence? Find out how to connect IoT with SYSPRO’s Intelligent Core and discover how data becomes your competitive edge. Scan the QR code or call 011 461 1000 and join the conversation today. KNOWING MATTERS THAT MATTER...KNOWING MATTERS THAT MATTER...February/March 2025February/March 2025 3 Copyright © 2024 SYSPRO. All rights reserved. All brand and product names are trademarks or registered trademarks of their respective holders. 735850 OSFF SYSPRO EMEA@SYSPRO_Africa Turn Data into Decisions. In a world where devices speak, are you listening? With SYSPRO IoT connecting seamlessly to APIs, the exchanges of machine data become valuable, actionable insights. From predictive maintenance to inventory optimisation, harness real-time data—whether in manufacturing or distribution—to make informed decisions that drive your business forward. Ready to unlock the power of connected intelligence? Find out how to connect IoT with SYSPRO’s Intelligent Core and discover how data becomes your competitive edge. Scan the QR code or call 011 461 1000 and join the conversation today. 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 100 CONTENTSCONTENTS KNOWING MATTERS THAT MATTER...KNOWING MATTERS THAT MATTER... VIEWPOINT σ NAVIGATING ARTICLE 6 OF THE PARIS AGREEMENT σ NATURAL GAS - FUELLING MINING’S ENERGY TRANSITION 12 MANAGEMENT σ FAMILY BUSINESS - GOVERNANCE AND DYNAMICS σ ADVISORY AND SHADOW BOARDS - FLAWED FIXES FOR GOVERNANCE AND INCLUSION 20 EDUCATION & TRAINING σ BRIDGING AFRICA’S AI SKILLS GAP σ STRATEGIC LEARNING & DEVELOPMENT - ALIGNING GROWTH WITH GOALS 32 LEGAL σ PROCESSING PERSONAL INFORMATION - IS CONSENT THE FAIREST LAWFUL JUSTIFICATION? σ PRIVACY VS PRESS FREEDOM 38 TAX σ GLOBAL MINIMUM TAX ACT - WHO IS AFFECTED AND WHAT MATTERS? σ CROSS-BORDER DIVIDENDS TAX - REVISED AGREEMENTS CAST A WIDER NET 46 FINANCE & EQUITY σ VOTING RIGHTS OF POST-COMMENCEMENT CREDITORS - SCA RULES IN LANDMARK JUDGEMENT FOR BUSINESS RESCUE σ FINANCIAL REPORTING CHALLENGES - A UNIVERSAL STRUGGLE 52 ASSETS & INVESTMENTS σ TECH’S TRANSFORMATION OF PROPERTY INVESTMENT σ ETFS - A STRATEGIC ADDITION FOR YOUR RETIREMENT 58 BANKING & INSURANCE σ BLURRED LINES – [UN]NATURAL DISASTERS AND INSURANCE RISK! σ ISO 20022 - SETTING NEW STANDARDS FOR PAYMENTS 64 MARKETING & SELLING σ PERSONALISATION IN ADVERTISING - DATA PROTECTION AND PRIVACY ISSUES σ TRENDS DRIVING CUSTOMER LOYALTY PROGRAM DESIGN 72 HUMAN CAPITAL σ THE OPPRESSOR BECOMES THE OPPRESSED - A FATAL OBSESSION WITH RACE! σ EMPLOYMENT EQUITY REFORMS - WHAT DO THEY MEAN FOR YOU? 80 TECHNOLOGY σ CLOUD SECURITY CHALLENGES IN A HYBRID WORLD σ ENDPOINT SECURITY - A STRATEGIC STARTING POINT FOR CYBER DEFENCE 90 PROCESS & OPERATIONS σ TRENDS TRANSFORMING AFRICA’S MANUFACTURING SECTOR σ THE TIMELESS POWER OF STEAM 94 COVER STORYCOVER STORYCOVER STORYCOVER STORY4 February/March 2025February/March 2025 PUBLISHING POLICYPUBLISHING 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. PUBLISHER BusinessBrief Publishing +27 (0)11 788 0880 EDITOR & PUBLISHER James Scott TECHNOLOGY & GADGETS Steven Ambrose CONTRIBUTORS Please see the list of this edition’s contributors on page 100 ADMINISTRATION/ SUBSCRIPTIONS Abednico Banda ADVERTISING Trevor Ormerod +27 (0)83 299 7070 Laetitia Eksteen +27 (0)82 738 3765 laetitia@biz-connect.co.za Abednico Banda +27 (0)11 788 0880 James Scott +27 (0)11 788 0880 DESIGN & LAYOUT PxL Designs THE TEAMTHE TEAM PUBLISHER’S NOTE CPD/ECPD/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 WHAT MATTERS...WHAT MATTERS...February/March 2025February/March 2025 5 WHAT MATTERS...WHAT MATTERS...6 February/March 2025February/March 2025 BRIEFCASE Samsung Galaxy S25, S25+ and S25 Ultra Samsung’s latest Galaxy S25 range has launched, ushering in a new era of AI with the introduction of the most natural context-sensitive AI agents from Google to date. Voice-activated and capable of functioning across multiple streams and applications, this innovation from Google and Samsung makes natural language interaction a reality. Upgraded hardware and cameras feature the latest Snapdragon processor in the S25 Ultra flagship, but the star of this range’s update is the deeply integrated AI functionality. Available from Samsung dealers and mobile operators countrywide from R19,999.00. For more information www.samsung.co.za ASUS Zenbook A14 The Zenbook A14 (UX3407) is the lightest 14-inch Copilot+ PC currently available and the first all- Ceraluminum™ ASUS laptop. It features the latest Snapdragon® X Series AI processors, addressing durability, performance, cooling, battery life, port availability and cost issues. Weighing in at under 980g, its all-Ceraluminum™ chassis is ultra- light yet durable and low maintenance. Snapdragon X Series processors deliver excellent power efficiency with multi-day battery life, while a dual-fan system optimises cooling and boosts CPU TDP to 45W with minimal noise. As a Copilot+ PC, it enhances productivity through advanced AI. The design incorporates an enlarged touchpad with Smart Gestures and various I/O ports. Integration with Windows Phone Link and Snapdragon Seamless™ enables users to answer calls, manage notifications and transfer files from the laptop, even allowing their phone to function as a webcam. Available from Asus dealers countrywide from R29,999.00. For more information https://www.asus.com/za/laptops February/March 2025February/March 2025 7 BRIEFCASE Dell 32 Curved 4K UHD Monitor Experience stunning 4K UHD visuals with a three-sided ultrathin bezel and a curved 1800R screen for an immersive movie experience. Enjoy vibrant colours from VA display technology, achieving 99% sRGB and 90% DCI-P3 coverage. Gaming is smooth and eye easy with AMD FreeSync™. The monitor features premium sound from dual 5W speakers and TÜV certification with ComfortView ensures eye comfort for extended viewing sessions. Available from Dell dealers countrywide from R12,995.00. For more information www.dell.com/za Honor X9C Rugged Smartphone The HONOR X9c has impressive features at a midrange price. The Honor X9C boasts a 2-metre drop-resistant Anti-Drop Display, an all-weather battery that operates from -30°C to 55°C, and IP65M-rated water and dust protection. It is powered by a 6600 mAh Silicon-carbon Battery, providing up to 48.4 hours of music streaming. SuperCharge ensures rapid charging. The 108MP AI Camera with OIS and a large 1/1.67” sensor delivers detailed images. It includes 3x Lossless Zoom, three portrait modes and AI tools like Motion Sensing and Eraser. The HONOR X9c features an ultra-slim design with a refined titanium finish, weighing just 189g and measuring 7.98mm in thickness. Available from Honor dealers and networks countrywide from R10,999.00. For more information https://www.honor.com/za 8 February/March 2025February/March 2025 Situated in the picturesque Wellington Valley, Diemersfontein Wine and Country Estate is where heritage, innovation, and community come together. Established in the early 1700s and acquired by Max Sonnenberg in 1946, the estate has flourished under the leadership of David and Sue Sonnenberg, who returned from the UK 25 years ago to establish a renowned wine company. Their signature Pinotage, famously described as “the coffee and chocolate wine,” has put Diemersfontein on the global map. Diemersfontein is not just a vineyard - it’s a place where creativity and community have come together. David and Sue are passionate about opera and have turned the estate into a cultural hub by hosting masterclasses and concerts that showcase and support South Africa’s remarkable operatic talent. Their commitment to community development extends further with establishing the Wellington Preparatory School and College on the estate and the Thokozani Staff Company, which has empowered employees through property ownership and a stake in the wine company. The estate is also a sought-after venue for corporate and private events. Its rustic yet comfortable conference centre Diemersfontein Diemersfontein ...wine and country estate...wine and country estate TRAVEL & LEISUREFebruary/March 2025February/March 2025 9 is ideal for team-building, strategy sessions and breakaways, surrounded by rolling vineyards and mountain views. For those seeking a tranquil yet modern lifestyle, Diemersfontein offers secure farm estate living. Its vineyards and olive groves produce award-winning wines and premium olive oil. At the same time, Manor Gardens, a new 55+ lifestyle development, introduces 18 elegant Georgian-style homes (160m²–225m²) with 2- and 3-bedroom options, offering easy access to the Manor House Gardens and swimming pool. Now under new ownership, Diemersfontein will continue to elevate its offerings. The newly opened SMUL restaurant, with a stunning deck shaded by ancient olive trees, provides a memorable dining experience. Whether you’re visiting for a conference, a glass of world- class wine, or an evening of opera, Diemersfontein is where tradition, hospitality and innovation blend together harmoniously.◼ ◼ For more information or to book | www.diemersfontein.co.za | hospitality@diemersfontein.co.za | +27 (0)21 864 5050 | TRAVEL & LEISURENext >