12th September 2022 – The Industrial Development Corporation (IDC) is ramping up its investment activities across various sectors of the economy as it accelerates efforts to contribute to economic reconstruction amidst a challenging environment. Announcing its annual results for the financial year ending 31 March 2022, IDC Chief Executive Officer TP Nchocho was upbeat about economic prospects in the year ahead. “The opening up our economy following Covid-19 enforced shutdowns provides us with a great opportunity to ramp up our funding activity. We see great opportunities in supporting start-ups, and expansions. Accordingly, we are investing in developing projects that will bring in new products such as green hydrogen among others. The recent easing of the energy regulatory framework is also an opportunity to augment our funding activities,” said Nchocho. For the year under review, the development financier approved funding amounting to R16.0 billion in an economy that was substantially depressed due to the Covid -19 pandemic and its lingering impact. This figure, Nchocho says, represents a 146% increase from the R6.5 billion in the previous corresponding period. Of the R16.0 billion approved, R4.1 billion was for black industrialists (2020/21: R1.4 billion), R5.3 billion for black-owned (2020/21: R3.7 billion), R1.1 billion for women-empowered businesses (2020/21: R787.4 million); and R386.0 million for youth-empowered businesses (2020/21: R192.2 million) yet again demonstrating the Corporations commitment to supporting black industrialists, including women and youth entrepreneurs. IDC disbursed R7.2 billion from its balance sheet, a 14% increase compared to last year. An additional R1.2 billion was disbursed from funds managed on behalf of other partners. IDC further disbursed R37.6 million worth of corporate social investment funds to deserving causes. “This funding has not only contributed to achieving our goals of economic recovery, reconstruction, and inclusive economic participation but has saved jobs and restored livelihoods.” This impact will multiply as ventures grow and create employment off the back of IDC funding and support. The number of jobs expected to be created and saved through committed funds jumped 1 089% to 27 130 from 2 281 recorded in the previous reporting period. While upbeat about green shoots in the economy, Nchocho remained cautious in light of the lingering effect of Covid -19 and the challenging economic environment. He observed that last year’s social unrest in parts of the country which culminated in the looting and damaging of crucial infrastructure and the recent flooding, notably in coastal areas of the country, posed a challenge to a much-anticipated rebound. The IDC, through its Post-unrest Business Recovery Fund (PUBRF), approved 96 transactions to the value of about R2.0 billion and has since disbursed R1.5 billion to date in support of the affected business. “ Important for us, IDC’s swift response to the unrest and flooding demonstrated the Corporations agility to respond to crises,” he added. IDC Chief Financial Officer, Isaac Malevu, was equally bullish about prospects in the year ahead, saying the development funder had grown its capital base to R109.7 billion, which is a 32.5% increase compared to the previous reporting period. Malevu attributed the improvement of the IDC’s capital base to, among other factors, the upward valuation of its listed and unlisted portfolio. “We remain fully aware of the investment risks created by a challenging environment. We have also amplified our post-investment and client support programmes just so we can optimise the value of our unlisted book,” said Malevu. https://www.idc.co.za/

What is Harassment in the Workplace? Workplace harassment takes many forms. Here's how to identify some of the most common forms of harassment – and what you should do if you see it happening. WORKPLACE HARASSMENT Workplace harassment is considered unwanted conduct which impairs dignity, and which creates a hostile or intimidating work environment for one or more employees. A hostile work environment will be present where conduct has a negative impact on the employee’s ability to work and/or on their personal well-being. Of note the new Code of Good Practice on the Prevention and Elimination of Harassment in the Workplace (Code), took effect on 18 March 2022. This includes LGBTQIA+-phobic language, as well as passive-aggressive or covert harassment such as negative joking at another’s expense, sarcasm, condescending eye contact or gestures, negative gossip, deliberately causing embarrassment or insecurity, and social or professional exclusion. Significantly, the new Code explicitly recognises online harassment, cyber-bullying, and covert surveillance of an employee with harmful intent, as possible expressions of workplace harassment. Furthermore, according to the new Code, employees who work virtually from their homes or any other place other than the employer’s premises are to be protected against harassment. The four factors which are to be taken into account to establish whether there has been harassment remain the same: namely, whether the harassment is on the prohibited grounds of sex, gender, and/or sexual orientation; whether the sexual conduct was unwanted or unacceptable; the nature and extent of the sexual conduct, and the impact of the sexual conduct. The code highlights that employers are under an obligation in terms of section 60 of the EEA to take proactive and remedial steps to prevent all forms of harassment in the workplace. “This includes conducting an assessment of the risk of harassment to employees; creating and maintaining a working environment in which the dignity of employees is respected; adopting and implementing an appropriate policy addressing harassment in the workplace; conducting training to educate employees about the various forms of harassment; implementing ongoing awareness initiatives and programmes; and investigating allegations of harassment. About our speaker Colette Tanner - DRG Colette Tanner has had over 20 years’ experience in human resources. She is well qualified having completed both HR honours and an MBA. On writing her MBA dissertation Colette says, “I really unpacked business culture and this has supported my understanding of how and why people do or do not work together …just understanding the human being that we all are.” Colette’s passion is value creation as she believes adding value brings about success in whatever we do. She is family centred and has a heart for the differently abled.

The COVID-19 pandemic and its economic and social repercussions clearly showed the importance of governance within organisations and nations. Whether in the sphere of defending public health and safety; ensuring adherence to lockdown regulations; or keeping the wheels of commerce and industry turning; governance arrangements played a critical role. To take stock of governance responses and developing recommendations on a range of public governance topics, the Durban ICC will be hosting the Durban ICC Governance and Technologies in a Disrupted Global Economy Summit on 19th September 2022. This is a must-attend, one-day event designed to help leaders from the corporate sector, academics, managers of NGOs and leaders from all levels of government share in lessons and experiences that will serve as a catalyst for positive processes ensuring accountability, transparency and responsiveness during a global calamity. The summit will look at why ethics are important in good governance and how to improve governance and accountability. The keynote address titled “Improving Governance and Accountability in Government” will be delivered by Minister of Cooperative Governance and Traditional Affairs, Dr Nkosazana Dlamini-Zuma. South Africa’s “Guru of Governance” Professor Mervyn King will speak on “Governance and Accountability in a Disrupted Global Economy”. Prof King is Chairman of the King Committee on Corporate Governance in South Africa, which has produced the ‘King Reports’ which set the bar on corporate governance. He is also Chairman of the International Integrated Reporting Council (IIRC), Chairman Emeritus of the Global Reporting Initiative (GRI) and a member of the Private Sector Advisory Group to the World Bank on Corporate Governance. The auditor-general, Ms Tsakani Maluleke, whose mandate is to check the spending of public funds and resources by looking at whether these were used for the intended purposes with regard to economy, efficiency and effectiveness, will speak on “Making Governance Principles a Culture”. Ms Lindiwe Rakharebe, CEO of the Durban ICC which has arranged the Governance and Technologies in a Disrupted Global Economy Summit, said the COVID-19 pandemic has demonstrated that good governance is a non-negotiable pursuit for national well-being. “The pandemic also significantly reshaped administrative relations and put emphasis on the digital transformation of public administration that is urgently needed to support a sustainable recovery from the pandemic crisis and future sustainable development in the post-pandemic era. “One cannot place a price tag on good governance. After the pandemic, it became clear that good governance is a survival kit to save human lives, protect national economies and ensure social order,” she said. Tickets for the all-day event which includes conference access, meals and refreshments, parking and conference collateral, cost R3 575, with a discounted rate of R30 000 for a table of 10. email pamelahm@icc.co.za , Tel (+27) 31-360 1371, mobile (+27) 76 811 4809. Click to download registration form Click to download Governance Flyer

Marlene Powell who has owned her ActionCOACH franchise for the last fourteen years and in that time has built up a solid client base, predominantly in KZN, has spent the last 3 years helping her clients to stay on top of their business’s issues during difficult economic times. In a way of giving back to the community, Marlene has also made a point of getting her solid, down to earth advice across to SMME business owners who have battled during this time. This has been in the form of the regular Entrepreneurs Workshops that she has held with award winning businesswoman, Margaret Hirsch and a carefully selected panel of guest speakers. Over 100,000 people have benefited from these workshops in that time – both on the ZOOM and on Margaret’s Facebook Live platform. Marlene has gone on to start up two other networking platforms to help business owners get ahead – her BizCAFE B2B Business Networking meetings. Marlene, who was the first woman in South Africa to own an ActionCOACH franchise has won many awards over the years, including winning ActionCOACH’S Global ActionMAN (woman) of the year for Africa in 2020, ActionCOACH’S Brand personality of the year in 2021 and the top coach for bringing in the most testimonials from clients. Comments from some of Marlene’s clients: NAZREEN EBRAHIM I’ve known Marlene for the last 10 years and know the type of work she has done. I also celebrated 10 years in business this year but didn’t have the headspace for coaching until this year. Marlene was a natural choice as I know and trust her. We had our first session and it touched on a subject I need much guidance on - the numbers! HEIDI BLACK Having Marlene as my coach has been a great decision. She is genuine and says it as it is, puts challenges out to you and holds you accountable. We all need accountability partners and Marlene is exactly what my business needed, and it’s shown in all the areas of my firm. Every session excites me to attend, and she has made me a much better business owner. Truly grateful! JEANINE TOPPING I am truly grateful to Marlene. Her coaching has helped take my business and my team to the next level and I always look forward to every coaching session and GrowthCLUB session. CHRISTIAN HARBECK From ActionCOACH.I thoroughly enjoy my coaching sessions with Marlene.She is indeed a great role model.

Credit rating not required Application Criteria Be 25 years or older and have a valid driver's license Employed and earning R20,000+ per month Pay the first month deposit No long-term commitment Fast application process First-class customer service Peace of mind with maintenance included Don't stress about selling your car Breakdown assistance included Trust a proven nationwide company Cheaper than daily car rental No need to acquire insurance Secure tracking included Your New Lease | WhyBuyCars www.whybuycars.co.za

The Sport of Triathlon has received a boost with the announcement that Suzuki Auto South Africa, will sponsor the ULTRA Sprint Triathlon Series. The title sponsorship announcement increases exposure of the Suzuki brand into the family orientated multisport field. The national ULTRA Triathlon Series – organized and managed by B-Active Events – has been running for 16 years. The proudly South African Triathlon Series started with 1 event in Durban in 2007 and has grown to 4 large swim, bike and run events around South Africa. Current venues include Durban, Sun City, Joburg and the Western Cape. The Series attracts over 4000 competitors to the series annually, with thousands of spectators flocking to watch the races unfold at the unique locations. Brand Marketing Manager of Suzuki Auto South Africa, Brendon Carpenter, says: “We are honoured to be associated with this proudly South African ULTRA Triathlon Series. The sponsorship of active, outdoor lifestyle events suits the Suzuki brand’s core value of “Sporty” and we are confident that the participation of competitors and spectators alike will keep the series sustainable for years to come”. Race director from B-Active Events, Damian Bradley says, “Our partnership with SUZUKI AUTO SOUTH AFRICA brings new excitement and energy to our upcoming events in the series. After a challenging Covid period, the backing of SUZUKI gives SA’s friendliest Triathlon Series a solid footing to open the series up to more competitors and to attract more athletes to the sport around the country.” SUZUKI AUTO SOUTH AFRICA has come onboard for the 3 event partnership with the SPRINT Series events, which include the Joburg Ultra 2022, Durban Ultra 2022 and the Cape Ultra 2023”. Each ULTRA TRIATHLON event comprises of a Sprint race, consisting of a 600m swim, 20 km cycle and 5 km run – which provides the perfect option for beginners and for friends and family members, to choose a fun but challenging event to participate in and be part of the action. There is also the longer ULTRA Race on offer, consisting of a 1.9 km swim, a 90 km road cycle and a 21 km run. Competitors can participate individually or in relay teams at each event and families can attend and have an exciting day out watching the action unfold at the beautiful race venues around South Africa. For more information or to enter, go to www.ultratri.co.za . Or contact B-Active Events on 067 198 6737 or email support@bactive.com

Minara Chamber is honoured to announce our Business Recognition Awards 2022 guest speaker Zunaid Bulbulia . The main event takes place on the 28 October 2022, 6.30pm at the Coastlands Hotels and Resorts Musgrave, Durban. For further information and bookings to attend this premier business networking event email kzn@minara.org.za

“A night under the African Stars” On Tuesday, 20 September 2022, the Durban Chamber of Commerce and Industry NPC will be hosting their 166th Annual Gala Dinner at Moses Mabhida Stadium, Durban KwaZulu-Natal. The Annual Gala Dinner has been a fixture on the Durban business calendar since its inception in 1856. This year, the Durban Chamber has partnered with MTN, one of Africa’s largest mobile network operators who are our platinum sponsor and also a long-time Durban Chamber member. This is a strategic partnership with MTN as the Durban Chamber’s Annual Gala Dinner Theme “A night under the African Stars” aligns with their purpose which is inspiring Africa’s potential where they are committed to bridging the digital divide, furthering financial inclusion, and advancing the attainment of the United Nations Sustainable Development Goals through their core business activities and our support to governments, communities, and customers. The Durban Chamber Annual Gala Dinner has been a fixture on the Durban business calendar since its inception in 1856. This prestigious business networking and social event is attended by captains of industry, local entrepreneurs, corporate partners as well as provincial government leaders, we have had the honour of hosting between 800 – 1000 guests annually for 165 years. This year’s Annual Gala dinner is distinct as the Durban Chamber will be announcing its new Board and Council leadership as well as inaugurating the new Durban Chamber President. Our commitment as the Durban Chamber is to facilitate dialogs that will assist our stakeholders and the business community at large to uplift our economy and direct investment to Durban and KZN, as a result we have encouraged leaders in the private and public sector to address our guests as they will outline their perspective on action plans, their economic infrastructure plans and how/ where there can be a collaboration between these sectors for the betterment of our city of Durban and KZN. We are honoured to also have additional sponsors participating in our annual gala dinner which are FNB, Unilever, GagasiFM, SABS, KZN Philharmonic Orchestra, Toyota, and The Mercury. Comment from FNB: “We remain invested in our beautiful province and committed to unlocking its potential. This includes supporting economic growth and a better socio-economic environment. The Durban Chamber is an important vehicle to help uplift eThekwini, underpinned by credible partnerships. We consider ourselves partners and look forward to continuously helping.” – Asheen Magjee, FNB Provincial Head, KZN. Message of support from GagasiFM: We are looking forward to gathering as businesses under one sky at the Durban Chamber’s Annual Gala Dinner, and we’d like to thank the Durban Chamber, for the support and guidance that they have given to businesses and communities through the past tumultuous years. The chamber played such a significant role in bringing together different entities with the objective of protecting and rebuilding KZN. An event like the Durban Chamber’s annual gala dinner is important because it emphasises the need for businesses to create partnerships or relationships to grow KZN’s economy. It also creates an opportunity for business role players to network, share learnings, and encourage each other- which is a great idea considering the challenges that businesses have faced in the past couple of years. As GagasiFM, this is the reason why we could not miss out on being part of this event, for us, it is important to celebrate businesses that not only have been resilient but have also gone beyond the call of duty; protecting our communities and providing aid when help is needed” – Minenhle Dlamini, Managing Director, GagasiFM. Comment from MTN: “We are fully aligned with the Durban Chamber of Commerce and Industries vision and mission to improve and grow the local business economy of eThekwini of which we MTN play an integral part as both a key enabler and contributor to the economy of eThekwini and province as a whole. In line with this vision shared by DCCI to quote MTN CEO Mr Charles Molapisi on the day MTN was awarded the 5G Spectrum licenses where in it stated “We want to have 5G connectivity across almost every part of RSA, our aim is to bring the benefits of the fourth industrial revolution to more people in an efficient and cost-effective way. This means expanding our 5G coverage every day, with a strong focus on investment into main metros, peri-urban areas and larger townships initially”. This investment in key technology shall drive the much-needed growth to achieve the vision of growth of the economy of eThekwini. We continue to look forward to a fruitful and prosperous relationship that will yield many benefits for the growth ambitions of the economy of eThekwini and KwaZulu Natal at large”. – Matthew Khumalo. Comment from Unilever: “Unilever SA’s support for the Durban Chamber Gala Dinner demonstrates our continued commitment to the economy of KZN and its recovery and growth from the devastation to infrastructure and businesses and unfortunate loss of life caused by the civil unrest of July 2021, and by the worst floods in six decades experienced early this year. Our company is one of the largest employers in KZN and has also established deep connections and roots in the community through our brands such as Lifebuoy, Shield and Robertson just to name a few as well as our social investment initiatives as our purpose is to serve South Africans by making sustainable living a common place” – Justin Apsey, Executive Vice President, Southern Africa. The Durban Chamber wants to encourage the Business Community and all tiers of our Government and the private sector the need to work together with all our communities in building a shared future. Only when we are “In Business for a Better World” we will rid our society of inequality, poverty, and unemployment.

According to the OECD by the year 2040, 34% of youth (age 15-29) or 164 million young people in Africa will have at least an upper secondary or tertiary education. This positions the continent well towards being a manufacturing hub for goods for both domestic consumption and export. Join Mbongeni Ndlovu and guest lecture Glen Robbins on 2-4 August 2022 to learn more about the scope for manufacturing in Africa and how your business can expand its reach and secure this regional opportunity. Many of us are familiar with the fact that the African continent’s share of global manufacturing value-added was reported as being only at 2 per cent in 2021 (UNIDO, 2021: 7). This stark fact goes a long way to explain the continent’s share of global Gross Domestic Product (GDP) being barely above 3 per cent (ibid.: 7). Two of the reasons for the continent’s weak position in global manufacturing in the past have been reported as the poor educational attainment of its workforce and infrastructure barriers to manufacturing firm operations. Many countries across the continent, South Africa included, have much work to do in these fields. However, the charts below paint a picture of steady improvements that will, in the next decade, see significant parts of the African continent reflecting educational attainment and technology infrastructure access levels not too dissimilar to those of many countries in the Asian region. Not only will this serve to boost productivity, but it will also help drive a growth in employment and in Africa as a market, not just for consumers, but also for producers wanting to take advantage of proximity to these markets as well as some of the unique capabilities that have already been seen in something like mobile money services. Drawing on material from a 2021 African Union Commission (AUC) & Organisation for Economic Cooperation and Development (OECD) report on Africa’s Development Dynamics 2021 it can be seen in Figure 1 that persistently low educational attainment figures of the last century for much of the continent are a thing of the past. While challenges undoubtedly remain, over the next century, manufacturing businesses needing young, educated workers will increasingly need to look to the African continent. This data also bodes well for many other development concerns across the continent in that a better-educated population is likely to support improved services and infrastructure and also lead to demands for better governance. Figure 1. Youth cohorts, aged 15‐29, by educational attainment in Africa and Asia according to business‐as‐usual scenarios, 2000‐40 (Source: AUC/OECD, 2021. Africa’s Development Dynamics 2021: Digital Transformation for Quality Jobs , AUC, Addis Ababa/OECD Publishing, Paris, https://doi.org/10.1787/0a5c9314-en .) Alongside this, whilst many observers reported on Africa as a telecommunications desert in the 1980s and 1990s, the continent has in recent years seen some of the fastest growth in access to the internet and the adoption of mobile phone use – driven in part by the desire of people and institutions to overcome the gaps so evident in past infrastructure and services. Figure 2, also reported by the AUC/OECD (2021), indicates that people living across the continent are increasingly utilising the internet and related digital platforms and more and more are doing this using mobile telephones, including smartphones. This data talks to an increasingly informed and connected population where past barriers to both social and economic interactions are steadily being overcome, some might even say they are being leapfrogged. Figure 2. Mobile phone and Internet usage among Africa’s youth, aged 15‐29, by geographical situation, gender, level of education and employment status, 2015‐18 (Source: AUC/OECD, 2021: 26) What might this mean for firms operating in countries across the continent? A 2021 report by the United Nations Industrial Development Organisation (UNIDO) points out that these skill and technology capabilities are finding their way into both service and manufacturing companies. Whilst internet usage in business processes or having a business website might be seen by some as not counting for that much, as parts of the world embrace technologies of the so-called Fourth Industrial Revolution, this is a sign that existing firms across many countries are striving to connect themselves with these processes. Figure 3. Formal manufacturing and service firms in Africa that use the Internet (Source: UNIDO, 2021: 29) Trends such as those noted above are key to decision-makers considering where their firms might be selling products in the near-future and where it might make sense to be producing these products. Participants in the TWIMS ESC on African Industrialisation will find themselves in a room with others in the manufacturing eco-system and get to participate in a process of sharing insights as well as engaging with knowledge from experts on different features of the African continent. In the first week of August, TWIMS will be hosting an Executive Short Course on African Industrialisation . This course is geared at those working in and with the broader manufacturing eco-system who are eager to grapple with the challenges and opportunities of Africa’s industrialization path as the continent goes through processes of major economic and social transformations. For further information on the African Industrialisation ESC click here or email info@twimsafrica.com . Article By: Glen Robbins

Since 2014 the Clansthal conservancy members have raised funds to support conservancy initiatives that are focused on the environmental needs of the area, via hosting seasonal craft markets in the garden of one of the homeowners. Featuring 40 plus traders offering a range of crafts, clothing, and décor items (no shop-bought items), there are also homemade food stalls so if you come early, you can have breakfast and stay for lunch. Contact us if you are a crafter and would like to participate. Visitors enjoy a relaxing Sunday in a beautiful garden with magnificent sea views while listening to live music and socialising in an outdoor setting. Please note - no visiting dogs as there are resident dogs. Date: Sunday 11th September 2022 Time: 9am until 2pm Venue: 111 Pig & Whistle Drive, Clansthal. Please contact Liz Cunningham for more information lizc@scottburgh.co.za or on her cell phone 083 556 8108

OK Franchise Division, a division of Shoprite Checkers, recently held their 2022 annual conference at two consecutive venues, namely Bucharest (Romania) and Kusadasi (Turkey). Spinnaker Software, preferred POS supplier to OK with Arch Retail Systems, was honoured to have been invited to attend. There was great excitement among delegates since no conferences were staged in 2020 and 2021 due to the COVID-19 pandemic. The conference culminated in a formal dinner in Bucharest, where the following category winners were announced: OK Foods of the Year’: OK Foods Bultfontein OK MiniMark of the Year’: OK MiniMark Pellissier (Bloemfontein) OK Express of the Year’: OK Express Touwsrivier OK Liquor of the Year’: OK Liquor Porto (Vanderbijlpark) King of House Brands’: OK Foods Opuwo (Namibia) Master of Money Market’: OK Foods Intermeat, Potchefstroom David Geldenhuys, Marketing Executive at Arch, commented as follows: “It was a privilege to be part of such a prestigious event and rub shoulders with successful members and OK Franchise personnel. "The group comes off a very successful year in which they have seen aggressive growth and we are indeed proud to be a business partner. Our congratulations to not only the winners, but also to all the nominated stores in the respective categories.”

Overall mental, physical, emotional, and economic health of employees. The finalists are: uThandekile Foundation KZN Oils Cox Yeats Attorneys The winner is: COX YEATS ATTORNEYS Since 1964, when Cox Yeats was founded in KwaZulu-Natal by the late legal legend Graham Cox, the firm has continued to rely on innovative and sustainable solutions to overcome the many storms which South Africa, and particularly Kwazulu-Natal, has faced. The firm boasts an impressive staff compliment of 102 professionals, including Cox Yeats’ 30 partners. The belief that the firm’s greatest asset is its staff remains true today and it is because of its people that Cox Yeats has ultimately been able to rise above the prevailing circumstances of recent years. Accordingly, Cox Yeats recognises that employee welfare is central to the success of the firm and significant strides are taken by management to ensure that employees can achieve a work-life balance and are ultimately cared for and supported both in and outside of work.