aQuellé has been awarded the Energy Storage Project of the Year at ENLIT Africa 2025. ENLIT Africa brings together key industry leaders to tackle Africa's energy and water challenges. aQuellé’s solar project, including a substantial battery installation of 11.6MWh, was nominated by Standard Bank, the platinum sponsors of the event. Kuben Govender from Standard Bank (pictured with Ruth Combrink and Nico Bosman) also received the Renewable Energy Award in honour of the bank’s values and being a game changer in the sector.     aQuellé’s solar installation covers 28 000m² and generates up to 6.2MWh, which is enough electricity to power approximately 1 100 average households in South Africa. At our newest bottling facility, the solar installation saves 131 tons of CO2 emissions per month, equivalent to planting 3 803 trees.   The award is a testament to God’s continued blessing and the hard work and dedication of an incredible team who have made the project possible. We are honoured at this recognition of our work and remain committed to serving our communities with integrity.

South Africa’s rural and peri-urban areas are home to a vibrant informal economy—an enterprising ecosystem of spaza shops, street vendors, barbers, mechanics, and countless micro-enterprises that shape daily life in the townships. It’s a space defined not only by survival, but by creativity and community-rooted resilience. And there’s a name for it: kasinomics. Coined by South African marketer and author GG Alcock, kasinomics speaks to a R1 trillion economy built on grit, trust, hustle, and lived experience. On International Micro-, Small and Medium-sized Enterprises (MSME) Day (27 June), Sappi Southern Africa is proud not just to acknowledge the impact of kasinomics—but to be an active partner in sustaining its momentum and unlocking its true potential. “MSMEs are the oxygen of the South African economy,” notes Lesiba Lamola, Regional ESD Sourcing Manager at Sappi. “They create jobs, they drive innovation, and most importantly, they uplift entire communities. Our mission has been to move beyond handouts and into meaningful partnerships.” That mission is reflected in the Abashintshi programme launched in 2018, which introduced 120 young people to Asset-Based Community Development (ABCD) principles, equipping them with the skills and confidence to spot opportunities and ignite enterprise in their own backyards. From that initiative, a wave of local entrepreneurs has emerged—each with a compelling story. In Hlokozi, KwaZulu-Natal, Patrick Gcina Khumalo evolved from a self-taught welder into the owner of a certified carpentry and welding business. With tools, equipment, training, and ongoing mentoring from Sappi’s Enterprise and Supplier Development (ESD) team, Patrick now takes on larger contracts and employs others in his community. “This support has transformed my business, giving me the confidence to take on bigger projects, build a better future, and even create jobs in my community,” he says. Equally inspiring is Nonkululeko Zimba, based in Vimbukhalo near Winterton. A former Abashintshi participant, she used her ABCD training to launch Sehlukaniso (Pty) Ltd, a brickmaking business that helps community members build dignified homes. With funding and technical support from Sappi, her business has expanded its reach—and its purpose. “I still can’t believe my dream has come true,” Nonkululeko shares. “This is how I bring change to my community.” Sappi’s broader ESD strategy, formalised in 2018, continues to catalyse grassroots development with tangible outcomes. In FY2024 alone, the company spent ZAR372 million procuring from SMEs—surpassing its target by ZAR250 million—while sustaining over 1,500 jobs. A further ZAR57 million was spent through subcontracted SMEs, and ZAR900,000 was invested in SME training and development. The results speak volumes. From logistics to construction, lives are changing. Through a strategic partnership with the Ithala Development Finance Corporation, transport entrepreneur Sanele Mkhize took ownership of three new Mercedes-Benz trucks valued at R11.6 million. Meanwhile, Mpume Gumede of Thuba Construction was able to acquire heavy machinery after being awarded a five-year Sappi contract to transport bagasse at the Stanger Mill. “I cried tears of joy when the loan was approved,” she says. “Now I know I’ll meet Sappi’s specs and grow my company.” The company’s renowned Khulisa programme is an anchor of inclusion across the forestry value chain. In 2024, over 4,100 growers delivered 318,116 tons of timber to Sappi operations—resulting in ZAR332.6 million paid to these small-scale suppliers. Over 550 of them completed forestry training during the year, covering everything from safety to silviculture management. Beyond timber, some Khulisa participants—like Baleti Estate in Mpumalanga—have begun to diversify their enterprises. With Sappi’s support, Baleti now produces and sells honey at the Ngodwana Farm Stall, while receiving continuous training and certification assistance. “Our perspective has completely changed,” says Director Mandla Mooko. “Sappi’s guidance helped us expand and see new possibilities.” Back in KwaZulu-Natal, the Inkanyezi Yamahobe Trust in Richmond has grown into a successful community-based enterprise with 468 hectares of timber-producing land. With Sappi’s help, they’ve established market access, improved productivity, and now deliver annual dividends of R40,000 per household—with ambitions to double that figure. “Sappi’s partnership has been a game-changer for us,” says Chairperson Thando Nxele. “It’s enabled us to grow, thrive, and contribute meaningfully to the local economy.” There’s also the story of Nhlanhla “Mhlekazi” Phoswa, who began as a forestry labourer in 1985 and now runs one of the largest silviculture contracting firms in the KZN South region. Awarded a five-year contract with Sappi in 2022, his company, Mhlekazi Forestry, has grown from 50 to 80 employees—all but one from surrounding communities. “Our goal is to upskill and employ even more people,” he explains. Through it all, the unifying thread is opportunity—the kind that’s shared, earned, and scaled. With 942 MSMEs actively participating in Sappi’s supplier value chain, the message is clear: when corporate South Africa builds deliberate, values-led partnerships, transformation takes root. And that’s the spirit of MSME Day—celebrating not just small businesses, but the outsized impact they have in reshaping industries, empowering households, and creating intergenerational legacies. Because kasinomics isn’t just a buzzword—it’s a blueprint for a more inclusive future. And together, brick by brick, hive by hive, tree by tree, that future is already being built.

Date: Friday, 27 June 2025 Time: 08h00 to 17h00 (SAST) Venue:  Virtual - link will be shared upon completion of Registration Innovative Entrepreneurs NPC is hosting the SA / UK Agricultural Sector Focus Seminar in partnership with the SA Chamber of Commerce UK (SACC UK) on Friday, 27 June 2025. The morning session will highlight the trade and investment opportunities in South Africa's Agricultural Sector. The afternoon session will highlight the trade and investment opportunities in the United Kingdom's Agricultural Sector. The event will highlight the Realities and Costs of Doing Business, Available projects, Investment Opportunities, Modalities for Trade and Investment (Bi-Lateral Agreements, Trade Protocols), Tax Incentives and much more. Focus Areas:    Livestock | Agronomy  | Aquaculture | Finance | Transport & Logistics  | Green Energy in Agriculture |  Water in Agriculture  | Agritech |  Cold Storage  | Animal Tags & Data Solutions | Disease Surveillance  | Post Harvesting Technology |  Atmospheric Hydroxyls Who should attend:  Managing Directors; CEO’s; Executives; New Bus. Development Directors, Exporters & Importers; Sales and Marketing Directors; Transportation & Logistics Directors; Risk & Finance Directors; Legal & Contract Administrators; International Bankers; Purchasing Directors; Forwarders; Customer Service & Customs Brokers; any companies considering expanding their brand into with SA or the UK. For additional information, please contact:   Arlene Wilson-Max on Cell: 079 108 0613 or Email:  arlene@innovative.org.za Happiness Fosi on Cell: 061 845 2023 or Email:  projects@innovative.org.za Annette Christie from SACC UK on Email:  achristie@sachamber.co.uk To register, complete the form below. Please note the link will be shared upon completion of registration. Virtual Registration _ SA / UK Agricultural Sector Focus Seminar

Sappi Southern Africa was honoured to host the Honourable Minister of Cooperative Governance and Traditional Affairs (CoGTA), Mr Velenkosini Hlabisa, at a roundtable discussion held at its Durban office on Friday, 20 June. The engagement was part of the national “Every Municipality Must Work – A Call for Collective Action” campaign, an initiative led by CoGTA to strengthen local governance systems across South Africa. The session was convened by the National Business Initiative (NBI), which is playing a pivotal role in the campaign by facilitating dialogue between government and the private sector. As a proud founding member of the NBI—established in 1995 under the leadership of former President Nelson Mandela—Sappi was pleased to support this vital initiative by hosting the event and reaffirming its commitment to collaborative, solution-driven engagement. Participants included representatives from the KZN Provincial Economic Working Group (PeWG), Invest Durban, the KZN Growth Coalition, local Chambers of Commerce, senior government stakeholders and several senior officials from Sappi Southern Africa. “Sappi’s operations span 60 municipalities across South Africa. As an anchor tenant in many rural communities, we understand the direct link between effective local governance and sustainable business and community outcomes,” said Graeme Wild, Chief Executive Officer of Sappi Southern Africa. “Our presence in these regions creates shared value — and when municipalities are well-run, everyone benefits.” Sappi values its longstanding relationship with the NBI and welcomes every opportunity to engage in initiatives that foster inclusive development and good governance. The company proudly aligns with Sustainable Development Goal 17: Partnerships for the Goals and views such dialogues as essential to building a more resilient, inclusive future for all South Africans. ENDS About Sappi Sappi is a leading global provider of powerful everyday materials made from woodfibre- based renewable resources. As a diversified, innovative and trusted leader focused on sustainable processes and products, we seek to support a more circular economy and to build a thriving world. With operations in four key regions: South Africa, Europe, North America and Asia, Sappi is powered by the expertise of more than 12,000 people. In South Africa we have offices in Gauteng, KwaZulu Natal (three mills, forestry operations and a shared services hub), Mpumalanga (a mill and forestry operations) and the Western Cape (sales office). Our product offering in SA includes dissolving pulp, packaging and specialities, graphic papers and forestry products. We generate shared value in the communities in which we operate, by investing in skills training and SMME development to boost employment and grow the economy. Find out more at www.sappi.com

Since the 1990s, South Africa has moved from the world’s number 1 mining jurisdiction to being among the top 10 worst places for mining companies to operate. Our mining production has declined, compared to Australia, who also has abundant supplies ofminerals, and whose mining production is now three times higher. What is the reason for the lack of investment in mining? Why have we slipped from number one to one of the worst? Generally, five reasons have been advanced. Problems with the electricity supply. Regulatory uncertainty. Mining industries require clear, direct legislation with stability commitments. The legal system based upon mining companies being required to comply with the Mining Charter (the Charter) (and this being subject to change), hascreated uncertainty. Mines are not cost competitive. The relationship between mines, labour and mining communities is strained which imposes risks.Given these identified problems, and the need to provide solutions to the challenges, one would have expected that the May announcement by Minister Gwede Mantashe of the Critical Minerals & Metals Strategy (the Strategy) and the Mineral Resources Development Bill (2025 Bill) would have addressed some of these issues and provided solutions. Unfortunately, the 2025 Bill is a rinse and repeat of the legislation which came before and is unlikely to bring about reform. It is unlikely to achieve the restoration of South Africa’s mining competitive position and increase investor confidence. In 2024, the Minerals Council commissioned a third-party study into the Mineral & Petroleum Resources Development Act (MPRDA or the Act) to understand objectively whether the Act had achieved its stated aim of growing the mining sector and encouraging development and transformation. Although the mining sector remains important to the National Economy, its contribution has declined from 11% in 1993 to 4.8% in 2023. In real terms, the mining output, including gold, has declined. Gold output has declined by 85%. If gold is excluded from the figures, our output, since1990, has increased 65% but has remained largely static since 2000. Despite the abundant deposits of minerals, South Africa did not benefit from the commodity boom which ran for most of the 2000s. The mining sector has been losing out to its competitors because of policy uncertainty, legislative misalignment, inconsistent application of regulations, infrastructural challenges, crime and corruption and fraught stakeholder relations. Generally, investor sentiment is negative. The minerals policy review looked at jurisdictions which had achieved significant growth. These included Botswana, Chile, Canada and Western Australia. From a legal perspective, the policy review identified that the MPRDA needed to deal with administrative discretion in decision making, principles of administrative justice, security of tenure, competing rights and obligations, administrative appeals, judicial reviews and judicial appeals, artisanal and small-scale mining, integration of environmental aspects and the lack of financial incentives. So has the 2025 Bill addressed these issues and to what extent has it provided solutions? The Minister has focussed on beneficiation, a prohibition on the transfer of mining rights and BEE. Beneficiation The issue of beneficiation of minerals within South Africa has always been controversial. The State has long held the view that foreign mining companies have stripped South Africa of wealth by extracting minerals from South Africa and beneficiating the minerals in other jurisdictions. In December 2012, the State introduced a Bill (the 2012 Bill) which sought to radically control beneficiation in South Africa. The 2012 Bill proposed that the Minister “must” initiate beneficiation. It provided that the Minister, by notice in the Government Gazette, could determine the percentage per mineral required for local beneficiation, after taking into account the national interest. The Minister could also stipulate that every producer had to offer to local beneficiators a certain percentage of their raw material or mineral products. Any person who intended to export a designated mineral (identified by the Minister) could only do so with the Minister’s written consent and subject to such conditions as the Minister determined. \ The 2012 Bill afforded the Minister the broad discretion to set: 1. levels required for beneficiation; 2. the percentage per commodity required to be beneficiated; 3. pricing conditions required for beneficiation; and 4. the percentage of raw mineral or mineral products to be offered to local beneficiators. At the time, these provisions were criticised by the mining industry and submissions were made to the Parliamentary Committee. These submissions included the argument that the provisions in the 2012 Bill were unconstitutional and also contravened the General Agreement on Tariffs andTrade (GATT) and the European Union: South African Trade Development & Co-operation Agreement 1999 (TDCA), which were both binding on the State. It was pointed out that there was an obligation on South African public authorities to act transparently, reasonably and without ambiguity and that South Africa would be in breach of bilateral investment treaties where it failed to protect investor’s legitimate expectations to rely on the host state’s earlier commitments in that it had not provided a predictable regulatory frameworkfor investors. In other words, the amendments proposed in the 2012 Bill regarding the export of mineral products did not adequately protect foreign investors, legitimate expectations by creating a regulatory environment which is significantly different from that which existed at the time the investments were first made. It was also argued that the provisions breached international law obligations and Section 231(2) of the Constitution. Finally, the argument was made that the 2012 Bill violated Section 25 of the Bill of Rights to the Constitution in that it constituted an arbitrary deprivation of property. In other words, without clear rules, the deprivation could not be procedurally fair and without adequate criteria, the deprivation was arbitrary. President Zuma elected to withdraw the 2012 Bill. The amendments contained in the 2025 Bill, dealing with beneficiation, are almost identical to those which were originally contained in the 2012 Bill. All of the same arguments previously raised would apply. So would the arguments raised in the Mineral Policy Review. Although the 2025 Bill does not define “designated minerals”, as was contained in the 2012 Bill, the same concept is carried forward in that the Strategy, approved by Cabinet, defines which minerals are critical to South Africa. High criticality minerals are platinum, manganese, iron ore, coal and chrome ore. Minerals with moderate to high criticality are gold, vanadium, palladium, rhodium and rare earth elements. The Minister is given the power to regulate the mining industry to meet, inter alia, national development imperatives, ensure transformation, ensure sustainability and develop local beneficiation. The Minister would be vested with broad discretionary power to restrict the export of minerals and to provide that every producer of minerals must make available, mineral or mineral products for local beneficiation. Unfortunately, the mistakes of 2012 have been repeated in 2025. The Transfer of Mining Rights . One of the most controversial elements of the MPRDA is the prohibition in the transfer of control in the holder of a mining right. Section 11 of the MPRDA currently contains a prohibition against a transfer in the control of the shares in a company which holds a mining right, save for a listed company. The 2012 Bill sought to contain a prohibition in a change in the controlling interest of a listed company, including a foreign listed company. The 2025 Bill initially contained a similar prohibition (both a South African and a foreign listed company), but this was withdrawn in an amendment to the Bill which was published on 9 June 2025. The 2025 Bill, however, now stipulates that any transfer of shares in an unlisted company, even if it is not a change in control, is prohibited. This is unduly restrictive and is likely to put off further foreign investment. Broad Based Economic Empowerment In 2004, the MPRDA came into force and required all mining companies to convert their old order rights to new order rights. Conversion could only occur if there was compliance with the rules set out in the Charter. In a High Court judgement of September 2021, the Court found that the original Charter was a document recording a pact between the Government and the mining industry in which they both committed themselves to a framework for progressing empowerment of previously disadvantaged South Africans in the mining and minerals industry with a timetable and aspirational targets. It set out the factors which would be taken into account in making licencing conditions. The mining industry agreed to this because the Charter set out objective rules which could be complied with and removed administrative discretion. After 2010, the Minister contended that the Charter was instead, binding subordinate legislation and that all mining companies were obliged to comply with the Charter, as amended from time to time. In particular, the Minister contended that, in order to achieve the objectives of transformation in the minerals industry, the Minister could, from time to time, amend the Charter and accordingly, the rules which would have application to all mining companies. In other words, the principle of “once empowered, always empowered” would not apply. The Department would also have discretion in the approval of mining rights. In response to the judgement, the 2025 Bill seeks to legislate that the Charter forms part of the Act and that the Minister may amend and repeal the Charter, from time to time, which would become binding on all mining companies. This proposed amendment will obviously negatively impact upon decisions by mining companies to invest in the sector as the rules applicable to the sector will be subject to change which may be determined by the Minister. Conclusion Submissions on the 2025 Bill must be made before 13 August 2025. It is evident that Minster Mantashe has not taken into account the findings of the Mineral Policy Review and the reasons for the decline in our mining sector. The 2025 Bill rehashes policy documents which were introduced in 2012 and then withdrawn. It seeks to amend the legal position covered by the judgement of the High Court handed down in 2021. It is likely to cause further insecurity and entrench South Africa’s position as now being one of the worst destinations for mining investment. Michael Jackson Partner mjackson@coxyeats.co.za 082 808 7891 | 031 536 8512

We are thrilled to announce that the latest edition of the Business Sense  is now available — and leading this inspiring issue is Mr Lutchman , one of KwaZulu-Natal’s most respected business leaders. A Trailblazer in the KZN Business Community Mr Lutchman’s story is a shining example of resilience, vision, and dedication. From humble beginnings to becoming a pillar in the local business environment, his journey highlights what it means to lead with purpose and integrity. In this exclusive feature, we dive into Mr Lutchman’s business philosophy, his strategic approach to overcoming challenges, and how he continues to innovate in a fast-paced market. His leadership has not only driven impressive growth in his ventures but has also positively impacted the broader community by creating jobs and supporting local initiatives. What’s Inside This Edition? This issue of Business Sense  goes beyond the cover story, offering a wealth of valuable content for entrepreneurs, business professionals, and anyone interested in the economic landscape of KwaZulu-Natal. Here’s a glimpse of what you’ll find: In-depth interviews  with industry leaders sharing their insights on emerging trends and best practices Success stories  of startups and established businesses making waves in the region Expert analysis  on market shifts, economic forecasts, and policy updates affecting the local business environment Spotlight articles  on innovation, technology adoption, and sustainable business practices Whether you’re seeking inspiration, practical advice, or the latest business news, this edition is a must-read. How to Access the Latest Issue https://online.flipbuilder.com/uczf/cvqm/

Let’s face it, when most of us hear the word SARS, our fight or-flight instinct kicks in. We picture forms, audits, and those polite-but terrifying “letters of demand”. Do you know that South Africa has one of the most progressive tax systems in the world? So before you run for the hills let me surprise and delight you: SARS (South African Revenue Services) actually offers some amazing tax benefits for small businesses and entrepreneurs. Benefits you can use to power your business by reducing your tax liability and keeping more cash in the business. Turnover Tax: Because Simple can be Sexy For businesses with a turnover under R1 million, SARS offers a system called Turnover Tax. T his is perfect for the kind of entrepreneur who panics when they hear the word administration. If you apply Turnover Tax, you get to pay tax based on your sales, not your income after expenses, depreciation, interest etc. It’s a simplified system that reduces both your admin and your stress induced wine consumption. This structure is great for very small businesses with very few overheads. Just make sure you’re not also registered for VAT – SARS doesn’t like double dipping. Run the numbers and see if it wouldn’t maybe suit you better to be in this tax system. Small Business Corporation (SBC) Tax Rates: The VIP Lane for Small Business This is one of the best things SARS ever did for small businesses in South Africa, and a phenomenal incentive for entrepreneurs to employ people. If your turnover is below R20 million a year, you only own one business, and employ three non-related staff members, you will qualify for SBC tax rates. This means lower tax brackets on your first R550,000 of profit. Normal companies will pay company income tax per year of R148,500 on their first R550,000 profit (that’s a rate of 27%), whereas businesses who qualify for SBC will only pay R57,698 (that’s a massively reduced rate of only 10.49%) company tax on their first R550,000 profit. That is a significant saving of R90,802 per year, which you then get to reinvest back into your business for growth. Section 12C and 12E: Very Useful Deductions We all know that we can write off the cost of (depreciate) our capital purchases over a set amount of time, prescribed by SARS. ■ Section 12C is ideal for any type of manufacturing business – The act lets you claim accelerated depreciation on certain capital assets – particularly machinery and equipment used in manufacturing or production (40% year 1, 20% per year thereafter). ■ Section 12E is the turbo boost for Small Business Corporations (SBC). The Act allows qualifying SBCs to also claim accelerated depreciation on assets — including office equipment, furniture, delivery vehicles, and machinery (100% in year 1). Employment Tax Incentive (ETI): SARS Wants You to Hire People This one’s is an absolute gem and my personal favourite. Hire young South Africans (aged 18–29) and you can claim up to R1,000 per employee per month off your PAYE bill. It’s like SARS is helping you to build your team. T here’s paperwork (of course), but if there was ever a reason to employ our young people – this is it. You are already doing the right thing by backing our young talent, so it’s a double win to be rewarded for it too. VAT Registration Threshold: Perception is Truth If your turnover is below R1 million, you’re not required to register for VAT – but you can choose to. And sometimes, it’s a smart move – especially if your clients are VAT-registered businesses who don’t mind a little input VAT in their life. The reasons businesses like working with VAT registered entities is because there is an unspoken knowing that your business is more compliant than others. Being VAT registered you need to submit returns to SARS every two months. Which means you more than likely have an accountant and are a good standing trustworthy member of society. Running a business is hard and SARS doesn’t always make it easier—but sometimes, it does actually help. You just need to know where to look. Or better yet, partner with someone who speaks fluent Taxanese. Numbers don’t lie, but they also don’t speak unless you know what to look for, and you ask the right questions. T: +27 (0)31 207 1572 E: heather@flairaccounting.co.za W: www.flairaccounting.co.za

As is generally the case with new legislation, most businesses will only take it seriously once an inspector comes knocking. This should not be the case. Although the Financial Intelligence Centre Act (FICA) was created to prevent financial crime, following the guidelines set out in the Act will also help businesses protect their reputation and enhance client onboarding, while reducing their risk and ultimately attracting a more desirable clientele. With this in mind, compliance should be viewed by accountable institutions as an opportunity and be approached proactively, says Sameer Kumandan, managing director of SearchWorks, an innovative data platform that allows businesses to conduct accurate, in-depth Know Your Client (KYC) checks online. Why is the FIC Act so important? The FIC Act holds immense significance for South Africa’s f inancial system and national security on multiple fronts. Primarily, it acts as a powerful weapon in the fight against f inancial crime, addressing issues like money laundering, terrorist f inancing, and corruption. By disrupting the financial networks of criminals and terrorist organisations, the Act contributes to the stability and integrity of South Africa’s financial system, safeguarding its reputation to attract foreign investment. From a consumer perspective, the legislation acts as a shield by preventing financial scams and identity theft, to foster greater trust in the financial sector. In terms of national security, the Act plays a critical role in reducing the risk of terrorist attacks and impeding organised crime. Additionally, by aligning with international standards, the FIC Act promotes global cooperation, strengthening the collective effort against illegal financing. In essence, this legislation is indispensable in ensuring a resilient, secure, and inclusive financial environment for South Africa. What are the key elements of the FIC Act? The FIC Act is aimed at preventing financial crime in South Africa by addressing Money Laundering (ML), Terrorist Financing (TF), and the financing of the Proliferation of Weapons of Mass Destruction (WMD). At its core, the legislation establishes the Financial Intelligence Centre (FIC), an independent agency responsible for receiving, analysing, and disseminating financial intelligence reports. The FIC is authorised to collaborate with law enforcement agencies to guide accountable institutions and support investigations and prosecutions that are related to financial crime. To this end, accountable institutions are required to adhere to Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) obligations, which include customer identity verification, transaction monitoring, risk mitigation measures, and staff training for compliance. The Act also puts in place clear reporting thresholds and triggers for suspicious transactions and financial indicators. What does compliance with the FIC Act entail? Adhering to compliance expectations under the FIC Act involves implementing an internal AML/CFT programme, which includes the establishment of robust policies, procedures, and controls for managing Money Laundering (ML) and Terrorist Financing (TF) risks. A critical aspect of compliance in this regard requires accountable institutions to conduct a thorough risk assessment to identify and evaluate ML/TF risks specific to the business and its clientele. Customer due diligence practices will determine the verification of customer identities based on assessed risk levels, while the KYC process will require a more in depth understanding of customer backgrounds, business activities, and the sources of funds. To play their part, accountable institutions are responsible for the timely reporting of suspicious transactions and activities to the FIC through suspicious activity reports. Such institutions will also need to implement meticulous record-keeping of transactions and customer information for a specified period (a minimum of five years) while conducting employee training on AML/CFT procedures and the recognition of suspicious activities. Who/what are accountable institutions? While the full list of “accountable institutions” can be found in Section 1 of the Act, generally speaking, an institution is considered accountable if it is an entity susceptible to being used for ML/TF. This includes banks, credit providers, securities firms, and insurance companies, as well as dealers in cash, precious metals, and gemstones, along with attorneys, accountants, and auditors. The list also includes casinos and other gambling businesses, money or value transfer services, and real estate agents and property developers. How can SearchWorks help? SearchWorks can assist accountable institutions ensure they carry out their due diligence in terms of accurate KYC and KYB (know your business) checks, accurately and without hassle. Our data aggregation platform provides comprehensive information on individuals, businesses, trusts, and properties in South Africa, offering various search types suitable for purposes like KYC, AML/CFT, and due diligence. With a commitment to full compliance with the FIC Act, SearchWorks encourages organisations to leverage this requirement to create additional business value. By reducing fraud, safeguarding reputation and capital, and streamlining reporting and compliance duties, organisations can effectively navigate and benefit from regulatory pressures. For more information contact: T: +27 (0)86 034 0000 E: info@searchworks.co.za W: www.searchworks.co.za

It takes years to build a brand, but without proper training of staff, it can take a second to destroy it all! Heartbeat Training Academy, established in 2013, offers Health and Safety Compliance accredited training and consulting to companies and organisations. Workplace health and safety is very important in South Africa for legal reasons, impacting worker well-being, preventing workplace injuries, enhancing business productivity, and how this impacts the environment and the economy. The Occupational Health and Safety Act (OHSA) 1993 mandates a safe working environment, and failure to comply can lead to significant penalties for all companies and all sectors. The OHSA aims to prevent injuries, illnesses, and fatalities in the workplace, ensuring a safe and healthy environment for all employees. Businesses have an obligation to prioritise the well-being of their employees, creating a culture of safety and respect. The OHSA is a legal requirement, and non-compliance can result in fines, legal action, and reputational risk damage. Retaining both employees and customers. Societal Impact: Protecting workers’ rights and ensuring their safety contributes to social stability and reduces inequality. CEOs are often busy with their day-to-day business activities and leadership of their organisations or companies. They need to be aware that health and safety forms a pivotal role to enhance the business benefits. It is also important to understand that employees need to know what to do in case of an emergency. What are the Business Benefits of OHS training? Increased Productivity: A safe and healthy workplace fosters a positive environment, leading to increased productivity and reduced absenteeism of skilled or operational staff. Reduced Costs: Fewer accidents and injuries mean lower workers’ compensation claims, reduced downtime, retraining new staff in the work area and fewer legal liabilities. Better Work Performance: When employees feel safe and valued, their morale and job satisfaction increase. Attraction and Retention: Businesses with a strong commitment to health and safety are seen as responsible and trustworthy, attracting andetaining both employees and customers. Societal Impact: Protecting workers’ rights and ensuring their safety contributes to social stability and reduces inequality. In essenc e, workplace health and safety in South Africa is not just a legal requirement, but an important aspect of responsible business practice, contributing to both individual well-being and broader societal benefits. Contact us today for: ■ First Aid ■ Fire Training ■ Consulting ■ Medicals ■ Workshops, we have over 100 trainings offered to companies and organisations in groups. ■ Onsite training T: +27 (0)84 723 2771 / +27 (0)67 132 2940 WhatsApp: +27 (0)74 461 3719 / +27 (0)84 011 6596 E: heartbeattraining@live.com W: www.heartbeattraining.net

The race for the KZN Top Brand Award is really picking up speed. Make sure you're part of this exciting ride! You can feel the buzz as votes keep coming in, changing the rankings daily. We're pumped to see so many favorite KZN brands fighting for the top position! Click here to cast your vote The grand announcement of the winner is on 17 July, so mark your calendars! Here are the current top 20 : Hirsch's Beekman Group Bell Equipment Limited Dromex East Coast Radio Spar Royal Tyres Pedros Flame Grilled Chicken Supertech Group - BMW Woodford Group Hollywood Bets Johnsons Workwear Icebolethu Group Bluff Meat Supply Cox Yeats Attorneys Hulamin Imperial Armour Mobi Claw Sky Tents Mi7 National Group BUBBLING UNDER Aquelle Tyson Properties Morar Incorporated SA Home Loans Grindrod Joekels Tea Packers Innovate Durban Aberdare Cables Construction For Africa Plastimed Packaging DRG Construction For Africa (Pty) Ltd Fordoun Hotel & Spa Check out our current lineup of the top 20 brands, plus the Bubbling Under category. Keep voting if your favorite brand —you might see it in the top 20 next week! This event is a thrilling and competitive challenge, so keep those votes coming! Every vote matters! The rankings are always changing, so your favorite brand could shoot to the top. We're loving every moment of this exciting Battle of the Brands in KZN ! Wendy (Roving Reporter) KZN Business Sense KZN Top Brand 2025 - This weeks Top Twenty

MC911 Corporate Packages: Protect Your People. Anytime. Anywhere. Emergencies don’t send a warning — they happen fast and unexpectedly. Whether it's a medical incident, a criminal threat, or a fire emergency, every second counts. That’s why Mobi Claw 911 offers comprehensive Corporate Packages designed to protect what matters most: your people. With MC911 Corporate Packages, your employees and their families have access to fast, reliable, 24/7 emergency support — at home, on-site, or on the move. Whether your staff are on the road, in the office, or spending time with loved ones, they can feel secure knowing help is always just a tap away. Why Choose MC911 for Your Business? ✅ 24/7 Emergency Support across South Africa ✅ Medical, Criminal & Fire Response Coverage ✅ Protection for Employees and Their Families ✅ Tailored Packages to suit businesses of all sizes ✅ Peace of Mind knowing your team is always covered Empower your workforce with the protection they deserve. Investing in MC911 isn’t just about safety — it’s about demonstrating your commitment to employee wellbeing and business continuity. Ready to Protect Your Team? 📞 Call us on 031 109 1888 📧 Or email care@mobiventures.co.za to set up an appointment. Terms and Conditions apply. Mobi Claw 911 – Your Gateway to Emergency Services Across South Africa

The Battle of the Brand Vote Now Who do you believe is KZN's Number One Brand 2025? This crucial question invites you to engage in a spirited competition showcasing the very best of KwaZulu-Natal's dynamic business landscape. As we approach 2025, the excitement surrounding the KZN Top Brand awards is undeniable, highlighting the significant achievements and innovations of local brands that have made a remarkable impact in the region. In this thrilling contest, brands from various sectors are competing for the prestigious title of KZN's Number One Brand. This competition is not just about recognition; it serves as a platform for businesses to demonstrate their unwavering commitment to excellence, creativity, and community engagement. Each brand has a unique story, a distinct identity, and a loyal customer base that reflects the diverse culture and spirit of KwaZulu-Natal. The Battle of the Brand represents more than just a ranking; it embodies the collective aspirations of the local economy and the entrepreneurial spirit that drives innovation. As consumers, your votes are crucial in determining which brand will emerge victorious, making your participation essential. By casting your vote, you are not only supporting your favorite brand but also contributing to the growth and recognition of businesses that strive to elevate the standards of quality and service in the region. We encourage everyone to participate in this exciting initiative by sharing your thoughts and preferences. Consider the brands that resonate with you, those that have left a lasting impression through their products, services, or community involvement. Your vote matters, and it can help propel a deserving brand into the spotlight as KZN's top choice for 2025. So, take a moment to reflect on the brands that have made a difference in your life and the community at large. Who do you believe embodies the essence of excellence in KwaZulu-Natal? The time to make your voice heard is now—cast your vote and be part of this exhilarating journey to celebrate the remarkable brands that contribute to the rich tapestry of our province. https://www.kzntopbusiness.com/kzntopbrand KZN Leading Brand 2025 The Brand Showdown Who do you think is KZN's Top Brand for 2025? KZN Top Brand 2025