The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
Take a ‘Staycation’- #discoverfreestate
The Business Hour chats to the Chief Executive Officer (CEO) of the Free State Gambling, Liquor and Tourism Authority, Kenny Dichabe, about what the province has to offer in terms of so-called "Staycations" or “Holistays". Dichabe says the tourism sector was one of the hardest hit by the Covid-19 pandemic,…
Amatikulu Sugar Mill under tight security surveillance following threats
The Amatikulu Sugar Mill in Gingindlovu, KwaZulu-Natal is under strict surveillance by law enforcement and the farming community following reports that protestors in the province are eyeing it. The Chief Executive Officer (CEO) of the South African Canegrowers Association, Thomas Funke, tells the OFM Business Hour that tonight the mill…
‘SA’s responsibility to its youth is more than creating employment opportunities’ – YPI
The Youth Progress Index (YPI) by IQbusiness in partnership with global non-profit organization, the Social Progress Imperative, aims to move beyond thinking that the creation of employment and/or business opportunities is the fulfillment of the country’s responsibility to young people. This is according to Shaneel Bachoo from IQbusiness who was…
Persoonlike begrooting
Finansiële adviseur, Marius Ferreira, verduidelik hoe belangrik is dit om ‘n begroting vir jou persoonlike finansies te hê en hy verduidelik ook wat die grootste foute is wat 'n mens kan maak as dit by persoonlike begroting kom. Hy bespreek ook of dit moontlik is om luukshede by jou persoonlike…
Insured businesses will look to Sasria in recovering from looting and violent unrest
Questions are mounting as to whether the South African Special Risk Insurance Association (Sasria) has the capital to pay out claims related to the violence, carnage and looting that rocked Gauteng and KwaZulu-Natal businesses this week. Sasria is South Africa’s only short-term insurer that offers cover against damages and losses…
The biggest Popi myths - Mimecast cyber security expert
Mimecast Cybersecurity expert, Brian Pinnock, says there are four prevailing myths around the Protection of Personal Information Act (Popi). They are that “it’s only a data breach when the data leaves my organisation; I can outsource my compliance to an external provider; and any data breach puts me at risk…
‘Those who do not read should not lead’ Prof Tshilidzi Marwala
“Those who do not read should not lead”. These are the words of University of Johannesburg Vice-Chancellor, Tshilidzi Marwala whose latest book ‘Leadership lessons from books I have read’ was the OFM Business Hour read of the week. Marwala says experience isn’t the only determinant of good leadership, knowledge is…
BASA seeks empirical data supporting NCCC’s decision to extend fourth alcohol ban
The Beer Association of South Africa (Basa) is not taking the two week extension of South Africa’s fourth alcohol ban lying down. The association led by Chief Executive Officer (CEO), Patricia Pillay has announced they are submitting an urgent Promotion of Access to Information Act (PAIA) application to the National…
Sakesektore wat deur die covid-19 pandemie gegroei het
Erin Louw, handelsmerkoffisier by Retail Capital Suid Afrika, vertel ons meer oor die sakesektore wat deur die covid-19 pandemie gegroei het en hoe hul sakemodelle gedwing is om te verander. Sy verduidelik ook hoe ondernemings tegnologie ten volle kan benut om die manier waarop hulle sake doen, te verbeter, en…
Regulating domestic work with new app
The annual Sweep South Report finds that of the 250 000 local domestic workers who lost their jobs due to Covid-19, only 21 000 of them succeeded in claiming from Unemployment Insurance Fund (UIF). Hennie Heymans, CEO of StratPay spoke to the OFM Business Hour regarding the importance of regulating…
Citrus industry welcomes signing of SA-China lemon protocol
The Citrus Growers Association has welcomed the recent signing of the South African-China lemon protocol by the Minister of Agriculture, Land Affairs and Rural Development Thoko Didiza. The OFM Business Hour spoke to the Managing Director (MD) of the Sundays River Citrus Company and Citrus Growers Association board member, Hannes…
“Goeie opbrengs met goeie pryse” – NWK
Dit is ’n unieke jaar in terme van oesinsameling; graan is ongeveer ’n maand tot ’n maand-en-’n-half vroeër oesgereed en die tempo waarteen graan ontvang is, was ook baie vinniger as vorige jare. Dis aldus Nico Pieterse, Senior Bestuurder Graan by NWK, wat verder meld dat ongeveer 90% van die…
Hoe om 'n bedrogspul te vermy
Finansiële adviseur, Marius Ferreira, verduidelik hoe jy 'n bedrogspul kan identifiseer en wat jy kan doen as jy alreeds bedrieg is. Laastens verduidelik hy ook of daar 'n manier is waarop jy jou geld kan terugkry na 'n bedrogspul.
Access to financing the biggest challenge to SMME growth’
Access to financing is the biggest challenge to the growth of Small, Medium and Micro Enterprises (SMMEs). This is according to Don Mashele the Head of Business Development Impact Support at the Small Enterprise Finance Angency (Sefa). Sefa aims to mitigate this challenge by offering financing options. Mashele says distance…
Inga 3 likely to set SA back R 10 billion per year for hydropower – report
Importing hydropower from the much delayed Inga 3 Dam project in the Democratic Republic of Congo (DRC) is likely to set South Africa back R 10 billion per year once the project gets off the ground. This is according to the latest report on the feasibility of the project by…
Do you need consent to stay in a WhatsApp group?
One of the prevailing questions emanating from the hysteria around the commencement of the remaining provisions of the Protection of Personal Information Act (POPIA) last week is, “do I need consent to stay in my WhatsApp group?”. ENS Africa Executive in the Dispute Resolution Department, Nicole Gabryk says no you…
Hoe raak die POPI wet finansiele adviseurs?
Finansiële adviseur, Marius Ferreira, verduidelik watter impak die popi-wet op finansiële adviseurs sal hê en hoe dit diegene sal beïnvloed wat tuis werk as gevolg van covid-19. Hy verduidelik ook wat die positiewe en negatiewe aspekte van die popi-wetgewing is wat finansiële adviseurs en hul kliënte sal beïnvloed.
Information Regulator explains deferment of prior authorisation deadline
Last week the Information Regulator announced that the enforcement of powers pertaining to the Protection of Personal Information Act (POPIA) will still come into effect on 1 July, this is with the exception of applications for prior authoritsation. The deadline for applications has been extended to 1 February 2022. The…
‘New DTIC competition policy document does not amend Competition Act’ – Aidan Scallan
The recently unveiled competition policy for jobs and industrial development will not amend or alter the Competition Act nor does it change how the Competition Commission or Tribunal interprets the aforementioned Act. This is according to ENS Africa Executive, Aidan Scallan, who was explaining the policy document to the OFM…
Convenience and security influence buyers’ choice for precinct living
Residential property developers need to factor in convenience, security and sustainable living when erecting developments as these factors influence buyers’ choice for precinct living. This is according to property entrepreneur and the managing director of ‘Only Realty National’, Grant Smee, who was speaking to the OFM Business Hour regarding the…