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  • Wealthmasters - How to use your financial statements to build your business

    By Ruan Lerm , Managing Director: Destinata Accounting Having a business' balance sheet, income statement and cash flow statement in good order is the cornerstone of a well-run business. But, what many businesses don't benefit from is the value of the information held within these records. The detail held within the financial accounts provides a treasure trove for management accountants to help business owners grow their going concerns. When management accountants first start working with a business the process usually starts with the budgeting process. By analysing past performance and market trends, management accountants can start predicting potential future performance and set goals and targets for the business to reach. This information is then used to begin consulting with the business owners to start either refining, realigning or reworking a company's strategy. This is where the data that is gleaned from the financial statements comes into play. Analysing this data allows for a variety of solutions to be created and gives management the opportunity to make decisions backed by a reliable source of information. Progress is then consistently measured against these goals to track performance. The management accountant is then able to identify where the business may be lagging and build solutions with the owner to either reallocate resources or to find non-financial solutions. Reducing business costs that are not at the expense of a business's ability to grow, but rather to use its financial resources more efficiently is an imperative part of an accountant's role. It's about understanding where costs should be cut to reduce any financial strain on the business. Looking at where a business should invest to facilitate either growth or stability is possible when costs are contained, resources are allocated to promote efficiency then the management accountant is able to start risk-proofing. All businesses come with risks, be they external or internal. Risk mitigation is part of a management accountant's role. Identifying potential risks that could affect the health of the business is a vital tool that business owners need to consider. It isn't simply about mitigating risks, but also identifying how these risks could affect the company's financial standing. These risks could include sharp increases in input costs, a decrease in demand, the effect of an external event either within the business' local geography or an international incident. Internal risks could include fraud, a sudden decrease in staff or gross negligence leading to damage within the business. But, of all the benefits that a management accountant provides, it is being able to advise the business on how it can potentially decrease its tax contribution by using sound legal practices. Many traditional accounting practices are not well versed in how tax legislation that has been created to support businesses should be implemented. For more information on how a management consultant can assist a business to not just secure its financial footing and reduce its tax burden, but also identify growth opportunities, contact us by clicking on the button below: Contact us If you enjoyed last week's article, Residential Property Analysis , then click on the video below to watch our in-depth Talking Point relating to the topic. Here is your unique link to allow your members to register for our ongoing webinar.

  • The Rajen Reddy Foundation celebrating their first anniversary

    The RR Foundation celebrated its first-year anniversary in style at the Durban ICC on 18 February 2023. The event was attended by foreign dignitaries, South African politicians, representatives of eThekwini Municipality, business leaders, academia, civil society, family and friends. Many of the guests were stakeholders participating in the various programmes in which the RR Foundation is currently involved. These included His Excellency, Mr Zainal Arif Mantaha, High Commission of the Republic of Singapore in Pretoria; Mr Alex Ho, Enterprise Singapore, Narend Singh, Member of Parliament; Neville Matjie, CEO TIKZN; Eric Apelgren, Head of Department, International and Governance Relations eThekwini Municipality; Logie Naidoo, ex-deputy mayor and speaker eThekwini Municipality; Dr Mahmoud Youssef Baker, Chairman IQRAA Trust; Frank Lin Wu, Confucius Institute; Dr Naseem Haniff, Director Student Counselling and Health, Durban University of Technology (DUT) Chris Delport, CEO City Power; Ashok Sewnarain, CEO IBV; Nomfundo Mcoyi, CEO Icebolethu Group as well as Dr Julia Ambler, Umduduzi Hospice for Children. The RR Foundation was launched on the 18 February 2022 in memory of the late Rajen Reddy, CEO and founder of the RR Group of companies, who passed away on the 18 February 2021. Master of Ceremonies for the evening Mrs Karabo Mohale, Deputy Executive Chair,The National Youth Development Agency (NYDA), captured the essence of the legacy of Rajen Reddy who she said, ‘was an extraordinary man who led not only in words but in action’. In her welcome speech, Mrs Esay Reddy said, “This evening we are here to honour his legacy – we are here to honour everything he stood for. Rajen was passionate about empowering our youth and looking after the aged, he was also passionate about acknowledging the importance of education. Each of the pillars of the Foundation tells a story of what he wanted to do and how he wanted to do it.” The three pillars of the Foundation are: Education Health Philosophical Psychology (Mental Health and Gender Based Violence) Flagship Projects A current goal of the RR Foundation is to focus on ensuring that its Flagship projects, which fall under each of these pillars, are bought to full fruition. These projects are at various stages of development. Under the pillar of education is the Rajen Reddy School of Leadership. Its core curriculum title is ‘Leadership for Freedom from Poverty of all Kinds’, which encompasses mental poverty, physical poverty, spiritual poverty and emotional poverty. Although the late Rajen Reddy did not have any tertiary education, he was extremely passionate about the advancement of education as well as Small, Medium and Micro Enterprise (SMME) development among the youth. The main target market for the core curriculum is therefore SMMEs because they are in the position to give the most leadership and direction to the communities in which they operate. The Aurora Hospice for Children falls under the pillar of health. The RR Foundation has a site in La Mercy on which they are looking at developing and constructing the hospice. While this project may take two to three years for completion, they have identified key areas in which to begin immediately with home-based care and day-care, as well as a group of oncologists with whom to work. Under the pillar of Philosophical Psychology is the 24/7/ 365 call centre, which will address mental health and gender-based violence challenges. The need to established this call centre stems out of the Covid-19 pandemic and the mental health challenges that we have all faced as well as the state of gender-based violence, especially within a South African context. Messages of support were given for each of these projects. Dr Julia Ambler, the cofounder of Umduduzi Hospice for Children, a mobile hospital-based team, emphasized the importance of establishing a children’s hospice in KwaZulu-Natal where palliative care can be provided to sick children, for which there is currently much need. She commented, “Through the establishment of the Aurora Hospice for Children and the home-based care system, the children of KZN will have improved access to this kind of care and support.” Dr Naseem Haniff, the Director Student Counselling and Health, DUT thanked the Rajen Reddy Foundation for making mental health one of its pillars as many people have to rely on community-based care in South Africa. She said, “The RR Foundation is fulfilling a vital role due to the lack of access that many people have to such services.” DUT Vice-Chancellor and Principal, Professor Thandwa Mthembu, commented, “Through the Rajan Reddy School of Leadership we will be able to use today’s theme, ‘The power of the collective’, to overcome the most complex and persistent of our local, regional, national and global problems.” Keynote speaker award-winning storyteller and cultural activist Gcina Mhlophe said of Rajen Reddy, “It is the heart that separates the good from the great. And this man we are celebrating here tonight put his heart into everything that he did.” She added that he wanted to inspire other people so that they knew that they had a place in this world, a right to succeed and to be somebody. Nanda Soobben, who is an internationally acclaimed cartoonist, offered three of his artworks to be auctioned. Proceeds of the auction will be used to finance the various projects either currently underway or in development. Fulling the role of auctioneer, was stand-up comedian Mo Vawda who did a great job of motivating the guests to buy one of the artworks on offer. On offer was also Vawda’s own Eskom inspired artwork aptly titled ‘stage four’ which provoked much amusement. The evening concluded with entertainment by the music of the vibrant and much acclaimed Mi Casa, who very quickly had everyone up on the floor and dancing. The RR Foundation appreciates any form of support towards their flagship projects be it in time, resources or financial. For more information on the Rajen Reddy Foundation and it various projects please contact: Nadim Aziz, CEO of the RR Foundation C: +27 63 726 5738 Email: nadim@rajenreddyfoundation.org Yashna Sookoo, Fundraiser of the RR Foundation C: +27 71 553 4007 Email: yashna@rajenreddyfoundation.org Mbuso Dlamini, Marketing Manager of the RR Group C: +27 81 454 8610 Email: marketingmanager@rrgroup.africa

  • Durban ICC confident of being voted as Africa’s best convention centre

    Die-hard fans of the multi-award-winning Durban ICC are urged to vote for the venue to win the ultimate gold standard on the African continent and globally. The Inkosi Albert Luthuli International Convention Centre (Durban ICC) has been selected as a nominee in the Africa’s Leading Meetings & Conference Centre 2023 category. The Durban ICC is Africa’s largest Convention Centre and is a major contributor to the GDP of KwaZulu Natal. International recognition is important to attract both regional and global events. A groundswell of votes can convert the nomination of Durban ICC into winning the title of Africa’s Leading Meetings & Conference Centre 2023 on the 30th anniversary of the World Travel Awards. The nomination of the Durban ICC by World Travel Awards presents an excellent opportunity for Durban to claim its space in the global market space. Voting for Africa is now open and runs until midnight 19 March 2023. Votes can be cast by travel professionals, media and tourism consumers, with the nominee gaining the most votes in each category announced as the 2023 WTA winner. Other nominees in Africa are the Cairo International Convention & Exhibition Centre, Egypt; Cape Town International Convention Centre; Kenyatta International Convention Centre, Nairobi, Kenya; Kigali Convention Centre, Rwanda; and Sandton Convention Centre, South Africa. Durban ICC has been nominated in the World Travel Awards - Africa’s Leading Meetings and Conference Centre 20 times and has been voted the winner in this category no fewer than 17 times. Lindiwe Rakharebe, Chief Executive Officer, Durban ICC, said the convention centre had worked diligently to reduce the impact of the COVID-19 pandemic by applying innovative initiatives made possible by digital technology throughout its operations. Today, hybrid meetings allow delegates who attend in person to connect virtually with delegates anywhere in the world. “Now the time has come to pick up the threads that came apart when the pandemic struck, and to bounce back with more energy and fortitude than even before. “As we strive to rebuild and maintain our standing as an award-winning convention centre and ensure our valuable economic success, we remain committed to making an invaluable contribution to fostering greater social togetherness and bringing the family of mankind together as one. Avid fans and supporters of the Durban ICC are urged to vote for the Durban ICC. Cast your vote now for the Durban ICC by clicking on this link: Vote – World Travel Awards and help raise the international profile of the city’s world-class conference and event destination.

  • Sagren Naidoo - The edge in retail

    Arch Retail Systems is a leading player in the retail technology sector in southern Africa. The company develops, markets and services a suite of integrated retail management solutions to increase operational efficiency and ultimately profitability in operations where it is applied. Arch Retail Systems was established in 2002 as a small family business who had a deep understanding of the management and operational needs of retailers. The company today has a southern African footprint with a head office in Cape Town and branches in all the major centres: Cape Town, Gqeberha, Durban, Bloemfontein, Midrand and Windhoek. Arch is running in 1,800+ stores, where it is operational on 18,500+ check-out Point of sale (POS) points and back-office workstations. The KwaZulu-Natal branch, established in 2004, was the first Arch branch. From humble beginnings this branch has gone from strength to strength and today has a personnel count of 14. The branch services retail clients throughout KwaZulu-Natal and Eswatini. Arch is operational in total of 267 stores, comprising of individual stores and 12 corporate groups, with more than five stores per group. The company slogan says it all: ‘Arch for the Edge in retail’. The ‘Edge’ is offered to retailers by applying an understanding of challenges within retail and using new technologies and market knowledge to create business processes, mitigating such challenges. ‘Arch for the Edge in retail’. The ‘Edge’ is offered to retailers by applying an understanding of challenges within retail and using new technologies and market knowledge to create business processes, mitigating such challenges. The ‘Edge’ is offered to retailers by applying an understanding of challenges within retail and using new technologies and market knowledge to create business processes, mitigating such challenges. ‘Arch for the Edge in retail’ . The ‘Edge’ is offered to retailers by applying an understanding of challenges within retail and using new technologies and market knowledge to create business processes, mitigating such challenges. The Arch solution is scalable, which allowed for deployment in smaller stores, over and above the larger stores serviced (10+ Arch points). Arch products and services The fit-to-function suite of Arch products and services enable users to: Effectively execute on inventory and margin plans Improve control and understanding of operations Serve the customer better Improve profitability and cash flow Why Arch are market leaders? Arch Retail Systems has: A multi-disciplinary team which is able to assess user needs and implement appropriate solutions A comprehensive suite of solutions covering all required functionality around which solutions are formulated Scalable solutions – suitable for small, medium and larger retail operations Proprietary software developed in-house and continuously upgraded A development strategy driven by user feedback and interaction together with market trends Durable custom developed hardware for harsh African retail conditions Solutions supported on-line from Head Office and regionally from branches (Southern African footprint) Outcome driven – Arch user success is Arch’s success Ultimately, it’s all about our greatest asset, our people. Arch understands the importance of accurate operational information in retail to facilitate increased efficiencies, profitability and improved cash flow. Backed by highly proficient technical expertise, the Arch suite of software solutions focuses on delivering this to Arch users. Arch is not a systems supplier, but a business partner focussed on the success of retailers, as their success is Arch’s success. There are various facets of the retail operation, each requiring specific functionality. Long gone is the time when a retailer only bought a POS solution to accommodate payment at check-outs. Arch offers an integrated retail management solution addressing the diverse needs facing the retailer today. T: +27 31 266 1699 E-mail: webinfo@archsoftware.co.za W: www.archsoftware.co.za

  • Icebolethu Group’s annual general meetings

    In keeping with the Icebolethu Group’s tradition to start every year by hosting staff annual general meetings (AGM), it has been the same for 2023. Icebolethu hosted staff AGMs from the 10 January to the 19 January 2023 at the Inkosi Albert Luthuli International Convention Centre (Durban ICC) and Hilton Garden Inn for the KwaZulu[1]Natal region, and The Maslow Hotel for the Gauteng region. The company uses the AGMs to review the previous year and communicate the vision and plans for the new year. Icebolethu Group’s AGMs are one of the most vital events in the company’s events calendar as the management gets an opportunity to interact with all Icebolethu staff members. The staff are provided the opportunity to meet their leaders and ask important questions regarding the business direction, human resource matters or anything related to Icebolethu activities. For 2023, the AGMs were launched by a full day management committee (MANCO) session where Icebolethu executives and senior management congregated at the Hilton Hotel Umhlanga. MANCO is one of the official decision-making bodies within Icebolethu Group and consists of general managers, regional managers, executives and other channel heads. The KwaZulu-Natal segments of the AGMs were hosted at the Durban ICC. Icebolethu employees who have been part of the organisation for several years took some time to reflect on the journey and transformation of these AGMs as they were first held in civic centres. The decision to host them at the ICC was brought about by the growth in terms of number of employees. Today Icebolethu boasts over 1 700 employees across KwaZulu[1]Natal, Gauteng, part of Eastern Cape, Mpumalanga and the United Kingdom. Icebolethu staff were organised through the following groups for the AGM Week One 10 January: MANCO – Hilton Hotel, Umhlanga 11 January: Branch staff (Financial Services) 12 January: Second group of financial services staff; call centre and field consultants Week Two 17 January: Icebolethu burials team and support staff 18 January: Non-permanent and casual staff 19 January: Gauteng staff at the Maslow Hotel, Sandton The messages shared across these AGMs was specifically curated for each relevant channel. The business has set itself targets for each channel which are based on service excellence, customer[1]centric, being a caring employer, socially responsible and a profitable business. Icebolethu Group CEO, Nomfundo Mcoyi spoke at all the AGMs where she shared the vision for the organisation and took the entire work force in confidence on the current standing of the business. Mcoyi communicated the business target to reach one million clients by 2025; she made it clear that through caring for their clients and sticking to the business ethos of zero-defect, this target would be made a reality. She gave an assuring message to non-permanent staff that they are part of the family and they must always represent the brand with pride. Mcoyi made a plea to human resources that the casual staff should always be made aware of vacancies within the organisation. She also re-emphasised her vison to re-position Icebolethu as a Christian organisation and launched a pledge that was read at all AGM sessions. Icebolethu managers that spoke at all the AGMs include the; Managing Executive for Core Business Group HR Manager Group Risk Manager Group Marketing Manager Other senior managers such as the general manager burials, field manager, general manager business development and call centre manager each spoke on their respective channel days. Some of the sessions were facilitated by business coach Paul Nzimande, with businessman and Pastor Sthembiso Mtshali being the guest speaker for most of these sessions. All the sessions were blessed by spiritual leaders including; Apostle KT Mkhize, Pastor Senzo Myeni, Bishop Dlomo and Pastor Chris Mathebula. At these AGMs, the organisation communicated the addition of two new executives, namely the new Chief Financial Officer, Nqobile Khumalo, and the new Chief Operations Officer, Webster Chikengezha. Icebolethu Group is set to be one of Africa’s most reputable brands and the management ensured that everyone of their team understand the vision and is part of their journey. W: www.icebolethugroup.co.za

  • Anton Hanekom - Detrimental effects of rolling blackouts

    With the seemingly endless challenges that South Africa and its people face, the driving force behind these challenges seems to be the notorious rolling blackouts that have plagued our country for more than a decade. From manufacturing and production, to retail and education, not a single industry is being left unscathed and unaffected. Plastics SA Executive Director Anton Hanekom says, the local plastics industry is no exception when it comes to experiencing the negative impact of relentless interruptions in power supply. “Our industry is especially exposed when it comes to loadshedding due to the fact that the processing and production of plastics and plastic products are done primarily through thermal processing. This means that high temperatures must be maintained throughout the manufacturing process. However, without power, these high temperatures cannot be effectively reached and maintained, nor is there enough time between scheduled power outages for the machines used to reach the required temperature for the processes to be restarted,” Hanekom explains. Ripple effects felt by other industries Plastics are ubiquitous in our lives and can be found in almost every aspect. As a result, plastic manufacturing and use serve as the foundation for other products. When the plastics industry faces such severe challenges, it quickly snowballs and affects other closely related and critical industries, such as the packaging sector, which accounts for half of total plastic polymer consumption in South Africa, followed by the building and construction sector. Whilst relying on generators for private use can be effective to keep homes operational and the lights on until loadshedding ends, it does not pose an effective long-term solution for large companies that mass produce plastic products. Owing to the high cost of diesel, manufacturers find themselves paying double the tax when they use generators. In 2000 Government started implementing a diesel refund system to provide full or partial relief from the general fuel levy and the Road Accident Fund (RAF) levy to primary sectors such as agriculture. The refund system is in place for the farming, forestry, fishing and mining sectors. However, during the last budget speech, in light of the electricity crisis, a similar refund on the RAF levy for diesel used in the manufacturing process, such as for generators, has been extended to the manufacturers of foodstuffs. We believe this refund must be extended, to all manufacturing sectors using generators, to bring much needed relief from the general fuel levy and RAF levy. The importance of becoming self-reliant With the country’s power utility predicting at least two more years of loadshedding on the horizon, the plastics industry cannot afford to wait on the government to solve its problems. Hanekom says that, as the representative body of the plastics industry, Plastics SA strongly advises plastic roducers to find practical and innovative ways of getting around the power supply issues they face. If no other economically viable solutions can be found, at least bargain for longer periods. The industry would welcome loadshedding cycles of 12 hours or more. In other words, switch the supply off for 12 hours but then allow the manufacturers and recyclers to run continuously for seven days. The stop-start cycles are not the solution for thermos-processing technologies. “As part of government’s Industrial Policy Re-imagined, a Plastics Industry Master Plan is being developed to put the industry on a growth trajectory. This plan is already three years in the making and sees an active collaboration between industry, labour and government to develop a vision for the industry, identify blockages and constraints, and develop a set of key actions that need to be taken forward over the short and medium term. We are tapping into these resources and partnerships to try and find affordable and workable energy solutions to ensure our industry remains competitive. Whether these solutions involve going off the grid, feeding power back into the grid, or using renewable energy, a viable solution needs to be found and implemented as a matter of urgency if we hope to see any form of success in the future,” Hanekom concludes. For more information, visit www.plasticsinfo.co.za

  • Marlene Powell - Creating a C.A.R.E eco-system for business

    You have two choices as a business owner. When you look back on your life you will have either a: Smile on your face, or The pain of regret - Inspired by Daniel Priestly From my experience working with many different business owners, no matter what industry they are in or how long they have been in business, there are three very distinct differences I have experienced: - Struggling Business: Not changing feels safer than embracing the times we are in. They try to do everything on their own and end up being busy rather than productive. Lifestyle Business: Wants to have FUN, freedom and flexibility. High Performing Business: They have a bold mission and a big purpose. They want to earn more at the expense of a work-life balance. All three types of business owners make up our economy. And depending whether or not they are part of an eco-system for business will determine their failure or success in their business. ActionCOACH provides C.A.R.E. – Community, Accountability, Results, and Education A big focus for us in 2023 is the addition of group leveraged programmes for those business owners who are not ready for the intensity of one-on-one business coaching but want to make solid inroads towards a profoundly more successful business. The C.A.R.E. eco-system is an advisory group for helping business owners to both grow personally and to grow their business through education, leadership, support, advice, accountability and teamwork provided by other business owners and leaders in their community. The programme is designed to give members the opportunity to build valuable and life-long relationships, solve their business challenges, and learn strategies to grow their business in every area. This eco-system surrounds our business owners with a team of talented people to help implement ideas with them. Mentors are provided to guide the participating business owners and the peer group is there to inspire them. All business owners need to do is show up. Why should business owners be a part of the C.A.R.E. eco-system? Firstly – the group will put a smile on your face! The programme comprises: Organised networking and alliance building sessions Business to Business and Business to Client break-out peer to peer sessions Amazing education Networking lunch Much more! The C.A.R.E. eco-system provides opportunities to sell in the room, buy in the room, build referral partners, and meet future strategic alliances. We all are about building our business community. Through the programme you will meet more qualified customers and referral partners in half a day than you did in all of 2022 combined. Currently business owners will try to achieve the above independently from each other, not as an eco-system, so they are required to take up more time trying to achieve the above. Whereas through the C.A.R.E eco-system for business they can enjoy everything they require on one platform. They can be confident that everyone who is part of this eco-system for business is wanting to achieve the same outcome. Become part of the C.A.R.E eco-system for business Interested businesspeople are more than welcome to set up an initial call with me to find out when our next information session is. There they can learn more and ask any questions that they feel necessary to give them the confidence to join our C.A.R.E eco-system for business. Contact me on https://linkshare.co.za/marlenepowell or call 083 479 4471

  • Johan van Deventer - Employment tax incentive supports young employees

    The Employment Tax Incentive (ETI) in South Africa is a government programme that aims to encourage employers to hire and retain young workers. The incentive is intended to reduce the cost of hiring and retaining young employees by providing a reduction in the amount of Pay-As-You-Earn (PAYE) tax that an employer is required to pay. To be eligible for the ETI, the employer needs to be compliant with SARS in terms of no outstanding amounts owing to SARS. This could be in terms of VAT, UIF, SDL, PAYE or any other non- compliance with SARS relating to the employer’s PAYE reference number. The employee eligibility can be seen below: An employee must be between the ages of 18 and 29 years old The employee must also earn R6,500 or less per month in terms of their gross remuneration figure The employee should have been employed on or after 1 October 2013 Employers can claim the ETI for a maximum of 24 qualifying months for each qualifying employee If the employer is not subject to wage regulating measures, the employee’s wage should be at least R2000.00 per month if they are exempt from the national minimum wage. If the employer is subject to the wage regulating measures, then the employee’s wage should not be less than the prescribed minimum wage for the employer’s industry. The incentive works by reducing the amount of PAYE tax that an employer is required to pay on behalf of a qualifying employee. It is important to note that the ETI is only available to employers registered for PAYE with the South African Revenue Service (SARS), and that the incentive is claimed on a monthly basis by the employer when submitting their monthly Emp201 declaration to SARS. Overall, the Employment Tax Incentive in South Africa is a valuable tool for employers looking to hire and retain young workers, as it can help to reduce the cost of doing so. Employers who are eligible for the incentive should make sure to take advantage of it to support the employment of young people in South Africa. This programme is a great way for employers to give back to the community and contribute to the reduction of youth unemployment and economic growth in South Africa. The ETI came into effect on 1 January 2014 and it will end on 28 February 2029. LABOURNET SERVICES Our services are designed to improve business efficiencies, ensure compliance and provide you with peace of mind that your payroll administration and management activities are accurate and always accessible with one goal in mind – improving your bottom line! Choose the solution best suited to your requirements: For the matured business, access to all modules in the application to facilitate the employee’s full life cycle with technical infrastructure, system support, and expert legislative knowledge as and when required. Supported Payroll Service Not the conventional outsourcing model but rather an extension to your business, full facilitation of your payroll process from employee engagement to termination. Full Outsource Payroll Developed by leading payroll experts and developers, cloud-based PSIber Payroll delivers a truly unique payroll system that can be used by clients in any industry and of any size. The system automates complicated payroll calculations and processing through its sophisticated yet user-friendly functionality – and is easily accessible from your phone, computer or tablet. Reporting is comprehensive and flexible, while processing of all statutory requirements is both simple and accurate. T: +27 (0)31 266 6570 C: +27 (0)82 786 7480 E: johanvd@labournet.com W: www.labournet.com

  • TWIMS - Applications are open for the Green Manufacturing Executive Short Course

    The Green Manufacturing Executive Short Course considers the pertinent issues surrounding the green economy debate and why they are critical to the manufacturing sector. Manufacturing is a key contributor to the world’s environmental problems. The technologies it has deployed, the materials it uses, and the complex inbound and outbound value chains it has created all have significant global environmental impacts. The course focuses on the different green discourses potentially shaping the future development trajectory of manufacturing, while also providing an analysis of the key interventions and strategies that are relevant to green manufacturing. Over the first two days of the course, we will critically reflect on what green manufacturing is and examine the extent to which it really matters. We will also examine the role that competing economic ideologies have in respect of green manufacturing and evaluate the current status quo in relation to global resource use. The concepts of circular economy, green supply chains and measuring true value will be applied in the context of positioning green manufacturing as a business model to be followed to achieve competitive advantage. These core concepts will be reinforced by examining specific case studies. Emerging regulatory and legislative requirements are also focused on, as are new, evolving management philosophies relating to sustainable materials and energy use, product lifecycle management, and the ultimate green manufacturing objective: The establishment of carbon-neutral industrial activity. All these concepts will be synthesized into their implications for the South African manufacturing sector. The first two days of the course lead to a reflection and consolidation day, where syndicate teams prepare simulated board presentations outlining a green innovation that can be implemented in a chosen value chain and its potential impact on an associated business model. The syndicate project, which builds over the first two days represents a core component of the elective. The application of learning is focused on, using a set of concrete opportunities and challenges based on the firms represented within the course. The third day will be concluded with a consolidation session. Feedback on individual syndicate presentations will be provided and a discussion of the immediate and long-term relevance of green manufacturing will be completed. Download here for more info Apply now https://twimsafrica.com/

  • Creating a C.A.R.E Eco-System for business with Business Coach Marlene Powell

    Become part of the C.A.R.E ecosystem for business. We are based at The Pencil, Umhlanga Ridge. Interested businesspeople are more than welcome to set up an initial call with me to find out when our next information session is. There they can learn more and ask any questions that they feel necessary to give them the confidence to join our C.A.R.E eco-system for business. Contact me on https://linkshare.co.za/marlenepowell or call 083 479 4471.

  • Entries are open and we are excited to Kick the 2023 Series off next weekend in Durban

    NEW BIKE ROUTE ANNOUNCED The next event on the 12th of March will adopt a new bike route, which will still include full road closure, however cyclists will be doing 5km laps on MY Avenue, between MM Stadium and Kingsmead Cricket Stadium. This change of route has come about due to the event clash with the Durban International Marathon. B-Active events has offered to change its bike course to allow the Durban International Marathon to go ahead next weekend, as both routes clashed originally near the finish of the race. The TINMAN's new bike course will still consist of a 5km lap, but instead of cyclists going around the Cycle Circuit, they will head down long MY Avenue all the way to Kingsmead cricket stadium. Here the competitors will turn around and head back to MM Stadium going contra-flow in the fast lane. There will be another turn point at the start of the bike course on MY avenue for the athletes doing a longer course, to turn again to do their next lap. The Bike laps remain the exact same: Mini Tri - 1 lap Sprint Tri - 4 laps Challenge Tri - 6 laps Challenge Duathlon - 6 laps There will then also be the distance along the promenade and back to include. See the route maps here: https://www.bactive.com/wp-content/uploads/2023/02/NEW-DURBAN-ROUTE-MAPS-Alt-Bike-route.pdf Entries are open and we are excited to Kick the 2023 Series off next weekend in Durban. Sign up now and bring the family to come and race! Enter here: https://entry.bactive.com/

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