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23
SEP
12pm

Gasomskakeling 'n werklikheid vir SA motors

Attie Serfontein, Nationale Direkteur van ARA (Automotive Remanufacturers' Association), verduidelik waar het die gas-omskakeling projek vir ARA begin en hoekom dit so noodsaaklik is. Hy verduidelik ook die geleenthede wat voorlê ten opsigte van werkskepping en verduidelik of die wêreld genoeg gasreserwes het.
23
SEP
12pm

Flamingo Route

OFM Business Hour’s Olebogeng Motse talks to Dineka Lephowani about the Flamingo Route, one of five Free State routes that are named after popular South African animals and birds. The Route offers a range of attractions to make your holiday memorable…

The Flamingo Route runs through the Lejweleputswa District, an important agricultural and gold-producing area. This combination makes for a variety of leisure activities – exploring a local gold mine, viewing game, and visiting key historical sites.
For lovers of the fast lane, the Free State’s own Phakisa Freeway Race Track in Welkom is a must-see. Still in Welkom, the Gold Museum showcases the fascinating history of gold mining.

The small town of Bothaville is famous for the world’s second largest private agricultural show, the NAMPO Harvest Festival, which is held each May.

If you’re looking for a fun family outing, visit the popular Aldam Resort or the Willem Pretorius Game Reserve overlooking the Allemanskraal Dam. Tourists can enjoy boating, fishing and water-skiing on the Sand River, or hiking and birdwatching along the river banks.

The oldest proclaimed town in South Africa, Winburg, is home to the Free State’s Voortrekker Monument and the Voortrekker Museum.

Another interesting piece of history is the Florisbad archaeological site at Soutpan, 45km from Brandfort. See where the skull of a 260 000 year-old hominid and other fossils were found, then visit the renovated Florisbad Resort for some R&R.

Discover the Free State is made possible by the Free State Gambling, Liquor and Tourism Authority.

Listen to the full podcast with Dineka Lephowani below:
23
SEP
12pm

SA Reserve Bank holds repo rate at 3,5%

South Africans can breathe a short sigh of relief as the Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep interest rates on hold again this year. Reserve Bank Governor, Lesetja Kganyago, says the decision to keep the repurchase rate which is the rate at which commercial banks lend money from the Reserve Bank, at 3,5% was a unanimous one by the committee. This in turn means the prime lending rate for citizens from commercial banks remains at 7%. The decision comes on the back of improved domestic economic growth in the second quarter of 2021 and higher commodity prices that have helped the mining sector soar. Kganyago says the Reserve Bank has also revised the country’s economic growth for this year up to 5.3% from 4,2% despite the effect the riots in Kwazulu-Natal and Gauteng had on economic activity.
“Although policy settings in advanced economies remain accommodative, the spread of the Delta variant, higher global inflation, and uncertainty about the normalisation path for interest rates continue to cause financial market turmoil and capital flow volatility. Risk aversion persists where economies fail to take advantage of improved global prospects or to reduce large macroeconomic imbalances”. Despite these concerns as well as rising inflation figures the MPC is of the view that “the risks to the medium-term domestic growth outlook are assessed to be balanced, as most of the bounce back from the recovery is now in the past” explains Kganyago.

North West University (NWU) Waldo Krugell tells the OFM Business Hour that the Reserve Bank is in a precarious position. He says in the end it’s not a matter of if the repo rate will rise but rather a case of when. And this will depend on inflation levels in the United States as opposed to those in South Africa.
22
SEP
12pm

South Africans can stimulate the country’s tourism industry by travelling locally

When the United Kingdom updated its international travel rules at the top of this week, South Africa remained on the red list despite intensified vaccination efforts on the part of government. This development has caused quite the stir in South Africa with many lamenting that this is going to hurt the country’s tourism sector during the warmer months of 2021. Now a placement on the UK’s red list means that if a traveller has been to South Africa in the last 10 days, they will only be allowed to enter the UK if they are a British or Irish national, or if they have residence rights in the UK.

Concerns are that this situation will deter UK citizens from travelling to the country because of these cumbersome processes. However the General Manager of King Shaka International Airport responsible for Client and Passenger Services, Azwifaneli Mphaphuli, tells the OFM News that it is in fact domestic tourism that can help stimulate this sector again. Mphaphuli says the Airports Company of South Africa (ACSA) has introduced several safety related measures at all its airports to ensure that travellers are safe when journeying to their next destination. Mphaphuli’s comments help shift the conversation away from the UK to how can South Africans help the tourism industry come alive again as we edge closer to the festive season.

According to figures released by Statistics South Africa (Stats SA) in April 2021 foreign arrivals into South Africa dropped by 71% from just over 15,8million in 2019 to less than 5 million in 2020. The overall number of travellers decreased by 50,7% over a 15-year period from nearly 24,6 million recorded in 2006 to 12,1 million travellers recorded in 2020. An indication that the tourism industry is still limping. Mphaphuli on the other end believes the tide is changing and SA will recover.
21
SEP
12pm

SA economy grows by 1.2%

Dr. Francois Stofberg, Senior Economist at the Efficient Group, discusses which industries contributed the most to the recent growth in GDP. He also discusses how the record high unemployment level in SA have impacted our GDP for the second quarter of 2021 and some of the other hurdles that we are currently facing as we strive for continuous economic growth.
21
SEP
12pm

Discover the Free State - Lion Route

The OFM Business Hour’s Olebogeng Motse talks to Keakabetse Ramokonopi about the Lion Route, one of five Free State routes that are named after popular South African animals and birds. The Route offers a range of attractions that will make your holiday memorable…

If you want a taste of everything that is typically “Free State”, the Lion Route has it – from culture to nature and history.

The small town of Vredefort is the gateway to the world’s oldest and largest crater, the Vredefort Dome. A World Heritage Site, the 300km-wide crater was created when a meteorite the size of Table Mountain struck the earth 2000 million years ago.
Situated on the wall of the Vaal Dam, Deneysville is just an hour’s drive from Johannesburg. Known as SA’s “Inland Riviera”, Deneysville is famous for watersports; the annual Round the Island Yacht Race – South Africa’s biggest inland regatta; and the Deneysville Croc Ranch.

The beautiful town of Parys is situated on the banks of the Vaal River, and has become a firm favourite for both art and adventure lovers.
You can even do some wine tasting at Ponte Vaal and on the Riemland Wine Route.

Discover the Free State is made possible by the Free State Gambling, Liquor and Tourism Authority.

Listen to the full podcast with Keakabetse Ramokonopi below:
20
SEP
1pm

Win with Resurgence through Nature with Mantis - Week 3: Dr. Konrad van Hagen

Healthy body, healthy mind... It is said that we feel emotions in our bodies. If you experience stress at work, and let’s be honest, midst a global pandemic, we are all more stressed than usual, regardless of our jobs, you need to offset that tension not only through mental stimulation but also healthy diet, regular and the right kind of exercise and sleep.

To find out more, Mio Khondleka, from OFM’s sister station Algoa FM, spoke to Dr. Konrad van Hagen, one of the practitioners involved in the “RESURGENCE THROUGH NATURE BY MANTIS” is a nature-based wellness programme for high-functioning executives developed to prevent mental and physical exhaustion, and to treat stress and fatigue.

If you know a colleague who is fatigued or burned out, visit ofm.co.za, click on competitions and nominate them for a chance to win a 6-day Lifestyle Enrichment programme to the value of R90 000 - designed to treat and prevent executive burnout. It could be a front-line worker, teacher, executive, entrepreneur or someone in management. Anyone you know who would benefit from this revitalising programme.

Let Mantis’s boutique hospitality combined with medical expertise headed by clinical psychologist, Konrad van Staden, lead the way in identifying and treating mental burnout associated with high-demand occupations.

Enter them now - visit ofm.co.za, click on competitions and then "Win with Resurgence through Nature with Mantis".
20
SEP
1pm

Nasionale testamentweek

Renier Holtshauzen, welvaartbestuurder by Anchor, bespreek waarom dit so belangrik is om 'n testament te hê en wat sou gebeur as jy sonder 'n testament sterf. Hy bespreek ook hoe gereeld 'n mens hul testament moet opdateer.
20
SEP
1pm

Financiers looking into life policies and social media as a part of lending requirements

The Chief Executive Officer of Paragon Lending Solutions, Gary Palmer, says commercial financiers or lenders are becoming more conservative with respect to financing local businesses on the back of Covid-19, a sluggish economy and political instability. What is of interest is some of the requirements that financiers are now tightening as a part of this more conservative lending behaviour. Palmer mentions that not only are lenders reducing their loan to values on transactions, but they are checking entrepreneurs’ life covers, and social media accounts to determine suitability for financing. This is in addition to all the normal credit checks, that one would be exposed to when applying for a business related loan. Palmer tells the OFM Business Hour that this is why it takes that much longer to obtain a loan. In a world where cash is king/liquidity is king, these stringent requirements should not be ignored by any entrepreneur.
17
SEP
12pm

Maintain your property to avoid losses ahead of severe weather

Home and business owners are encouraged to maintain their property adequately to avoid financial losses due to damage as a result of severe weather. Old Mutual Insure Spokesperson, Christelle Colman, tells the OFM Business Hour that insurers can ascertain the difference between damage to property as a result of severe conditions alone and damage exacerbated by lack of maintenance to one’s property. She provides tips on what one should do in her conversation with the business hour.
16
SEP
1pm

Tyd vir terugploeg met NWK-lojaliteitprogram

Die boerderygemeenskap én die platteland is NWK se trots en daarom gee hulle graag terug. NWK se lojaliteitsprogram is ’n aansporing vir all klante van NWK en ’n manier om dankie te sê vir jarelange lojale ondersteuning. Die doel van die program is om klante te beloon vir hulle volgehoue lojaliteit teenoor NWK en om langtermynverhoudinge te bou.
NWK-klante van geregistreet is, verdien lojaliteitspunte terwyl jy jou handels- en graansake aan NWK toevertrou. Punte word maandeliks op bruto wins van transaksies bereken en jaarliks uitgekeer. Die randwaarde van die punte word ná die finansiële jaar bereken op grond van die NWK Groep se finansiële resultate en deur NWK se direksie goedgekeur.
Enige persoon, instansie of entiteit wat met NWK sake doen, word vir hul lojaliteit beloon. Dit sluit in enige huidige of voornemende aandeelhouer, produsent, entiteit, lid en die publiek of personeel van NWK.
Registrasie deur NWK Online of www.nwklojaliteit.co.za is ’n voorvereiste vir deelname.
OFM Inhoudsbestuurder, Elzette Boucher-Krüger het met bemarkingsbestuurder, Jaques de Wet gesels om meer uit te vind.
Vir navrae kontak gerus: NWK Finansiering (gedurende kantoorure) by 018 633 1000 of Jacques de Wet, Bemarkingsbestuurder: by 018 633 1193 of
jdewet@nwk.co.za.

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