Connect with us

Business

Johannesburg to host Africa’s first-ever Global Entrepreneurship Congress in 2017

Metrosmag,SA

Published

on

he Global Entrepreneurship Network announced today that South Africa has earned the right to host the Global Entrepreneurship Congress (GEC) in 2017. The bid was awarded to Johannesburg as part of the opening ceremony at GEC 2015 in Milan, Italy.
Accepting the award on behalf of Johannesburg South Africa, Lindiwe Zulu, South Africa’s Minister of Small Business Development said, “I am confident that this award will help sustain the momentum of an entrepreneurial revolution that was given impetus by President Jacob Zuma when he announced the establishment of the new Ministry of Small Business Development. GEC 2017 will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders” said Minister Zulu.

The Global Entrepreneurship Congress (GEC) is an inter-disciplinary gathering of start-up champions from more than 150 countries and attracts over 4000 delegates. These delegates represent distinct components of their entrepreneurial ecosystems and are focused on how best to help entrepreneurs start and scale new companies.

GEC2017

Global Entrepreneurship Congress

“This is indeed an honour and also an opportunity to entrench the City of Johannesburg’s objective to encourage entrepreneurship in order to stimulate economic growth and create jobs, while also emphasising Joburg’s credentials as a leading business events destination, capable of hosting such important global meetings,” says Ruby Mathang, City of Johannesburg’s MMC for Economic Development. A large four-day conference like this, which is expected to attract some 4000 international delegates has significant economic benefits for the tourism, leisure and hospitality sectors – approximately R45 million for Johannesburg alone.”

The Congress has previously been held in the United States, UAE, China, UK, Brazil, Russia and Italy. South Africa is now proud to be the first African country to host the event.

“The Global Entrepreneurship Network continues to expand its involvement in Africa in support of helping the next generation of entrepreneurs there to rebrand the continent and permanently shift perceptions,” said Jonathan Ortmans, president of the Global Entrepreneurship Network. “Johannesburg will provide an important backdrop for startup champions everywhere to come together in building one global entrepreneurial ecosystem.”

At the GEC in Milan, Minister Lindiwe Zulu praised the efforts of all bid partners, which were instrumental as a team to ensure that the bid came to South Africa.

“This is a great opportunity for South Africa and Africa as a continent to showcase its entrepreneurial prowess to the world. The GEC is a platform that would open doors for our youth, ignite entrepreneurship and put our youth in the global arena” emphasised the Minister.

The successful bid has come about as a result of a partnership between the City’s Convention Bureau and major bid partner, SEA Africa, a research and development company with a global reach. SEA Africa supports businesses in various African markets and is also a key role player in the annual Global Entrepreneurship Week in South Africa.

Speaking in Milan was the Executive Head of SEA Africa, Kizito Okechukwu, who managed and led the bid, joined the Minister in lauding the collective work done by the bid partners.

“This really shows collaboration between the private and public sector. Collaboration is vital and we need to build sustainable ecosystems for entrepreneurial growth in Africa. The work starts right now because we need to build up to 2017. We would do this in partnership with various global and local partners and we also invite all stakeholders in the entrepreneurial space within Africa to engage, support and participate in this process”.

Okechukwu thanked the Minister for working tirelessly in support of the bid, the Mayor of Johannesburg, represented by Cllr Ruby Mathang the MMC for Economic Development, Ravi Naidoo the Executive Head of Economic Development, and Happy Ralinala, the Head of Absa Business Banking at Barclays Africa, who with her team, made this possible.

The GEC pulls together a broad collection of voices from across the entrepreneurial spectrum.

Metrosmag,sa ( inspired by Mzansi Lifestyle ) Mzansi is rich in Lifestyle, a nation diverse in race and culture. Mzansi Magazine explores the rich heritage , versitile culture and the celebrations of Life in Mzansi. Metros Magazine, SA is South Africa's informative Metropolitan lifestlye magazine with all the fresh and important news in Mzansi.

Continue Reading
Advertisement ad
Comments

Business

Sim Tshabalala becomes first Standard Bank black CEO

Metrosmag,SA

Published

on

Sim Tshabalala has become the first black person to lead Africa’s largest bank by assets without sharing power, after his co-CEO stood down, South Africa’s Standard Bank said on Tuesday.

Tshabalala, a 49-year old company veteran who describes himself as “a Zulu boy from Soweto”, joins only a handful of black executives at the helm of one of the country’s top-40 blue-chip companies.

He is the second black person to run one of the top five South African banks after Sizwe Nxasana took the reins for five years in 2009 at rival FirstRand in a sector often criticised by politicians for a lack of diversity more than two decades after the end of apartheid.

In an unusual statement from the government on company executive appointments, Finance Minister Malusi Gigaba called the appointment an affirmation of the capacity of black professionals.

“Along with the work that is currently ongoing in parliament to address the slow pace of transformation in the financial sector, Mr Tshabalala’s appointment comes as a step in the right direction,” Gigaba said.

Tshabalala, a lawyer, was appointed alongside Ben Kruger in 2013 to sharpen the company’s Africa focus and clean up a costly blunder by then chief executive Jacko Maree to try to turn Standard Bank into a major emerging markets lender.

“The board is satisfied that the structure, which was necessary in 2013, has met and in many respects exceeded expectations,” Standard Bank Chairman Thulani Gcabashe said in a statement.

“Good momentum has been achieved in the implementation of the group’s refreshed strategy.”

In their joint 4 1/2-year tenure, Standard Bank has added branches across Africa while selling assets in Russia, Turkey, the United Kingdom and Argentina under a revamped strategy that scaled back its ambitions outside the continent.

Kruger will stay on as an executive director, and will report to Tshabalala, Standard Bank said.

Black executives’ lobby group, Black Management Forum (BMF), welcomed Tshabalala’s appointment, saying it showed Standard Bank had respect for black talent.

“The BMF trusts that this announcement will mark an end to the joint CEO appointments phenomena that we have come to see,” the group said.

BMF generally criticises the appointment of two bosses, saying it is often done when “the most deserving candidate is a black person.” It also says it stifles accountability and adds costs to a company payroll.

Synthetics fuels giant Sasol is another high profile company with two bosses. The company is led by Bongani Nqwababa and Stephen Cornell.

Continue Reading

Business

Direct selling providing more opportunities for more women

Metrosmag,SA

Published

on

Johannesburg, 16 August 2017 – Figures just released indicate that unlike many other sectors in the economy direct selling is growing, providing more micro-entrepreneurial and income generating opportunities for women.
Currently some 1 333 223 South Africans benefit from direct selling and have the opportunity to build their own small business, of which 72% are women.
Despite the flagging economy, direct sales in 2016 were 18 percent up on 2015, totalling nearly R12.9 billion
According to Cornelle van Graan, chairperson of South Africa’s Direct Selling Association (DSASA), direct selling attracts female entrepreneurs because it offers opportunity, flexible working hours, training and the ability to work from home.
The number of women who make a full-time living from direct selling has grown by almost 30% with the majority operating in the health and wellness, personal care or household good sectors.
Van Graan says that the sector also provides opportunities for women who have an existing full-time job, but want to supplement their income.
“Direct selling is also a good way for stay-at-home mothers to make a living, while being actively involved in the lives of their children. Getting started is generally easy, low cost and low risk.”
“Mothers usually have an existing network of other moms, giving them excellent access to a market with similar needs and interests. Their personal relationships and endorsement gives buyers confidence, so these women can be very effective sales people.”
About three-quarters of all direct sales people in South Africa are involved part-time.
Besides flexibility and access, part of the appeal of direct selling may be that money can be earned immediately the sale is made. There’s no waiting until the end of the month or the next payment cycle.
Van Graan says while motivation can vary from paying for a child’s education to saving for a dream holiday, most women get involved in direct sales to provide for their families.
There are 34 direct selling companies who are members of the DSASA. There are more than a million independent business owners associated with DSASA member companies. They make sales totalling nearly R13 billion a year. Everything from financial services to beauty products and skin care, from fragrances and fashion accessories to nutrition and health supplements, from dinner services and a host of other tableware and kitchenware to household cleaning supplies are sold.
What you need to know about direct selling:
If you are thinking of becoming a direct seller here’s what you need to consider to help decide what direction you want to pursue.
1. Product selection
The direct selling industry offers a range of products within sectors such as health, beauty, homeware, financial and investment products, nutritional supplements and weight-loss management. Although it is preferable to choose products which you are familiar with or interested in, you will receive training on all products being offered by the DSA member company that you choose to join. Believing in your product is vital to effectively market and sell your product, as well as personal fulfilment.
2. Choosing which company
Visit www.dsasa.co.za for a full list of member companies and scroll down and identify the companies offering the type of product or service of interest to you or the business opportunity that appeals to you. Attend a demonstration or visit the website of the company to help decide which company you feel best suits your needs and ideals.
3. Research appealing companies
Read through all their marketing collateral and agreements to get a good understanding of the stability and history of business and of your responsibilities.
4. Investigate the start-up costs
All DSASA member companies are obliged to keep start-up costs low. Your initial investment will typically cover a sales kit with all company information, product samples and training materials. Avoid companies expecting a large investment or who push overzealous inventories, you should be allowed to grow at your own pace and affordability.
5. Study the return policy
All DSASA member companies are obligated to buy back any unsold, re-saleable product inventory, promotional materials, sales aids and kits purchased within the previous 12 months at the selling price less an administration fee of up to 10% of the selling price.
6. Fully understand the compensation
Check the member companies’ compensation plans as they all differ. Make sure you understand details of earnings and the overall business model.
Ends.

Continue Reading

Business

Veolia signs landmark B-BBEE deal with Ceracue

Metrosmag,SA

Published

on

“Veolia was looking for a local development partner with strong project experience in the water treatment markets,” explains Gunter Rencken, Managing Director, Veolia Water Technologies South Africa. “In Ceracure, with whom we’ve had a less formalised working partnership for about four years, Veolia has a hands-on, active B-BBEE partner with a thorough understanding of our core business and the water treatment market.”

This close alignment in corporate vision lays the basis for a synergistic approach to increased business development in both South Africa and Africa. “With this partnership in place, Veolia can confidently amplify business development avenues and enhance our project reach in the municipal and industrial markets,” Rencken continues.

“In addition to demonstrating Veolia’s seriousness to transformation and social development, it also means we’ll be able to supply water treatment solutions encompassing a broader scope of works,” explains Langa Nxumalo, Managing Director, Ceracure. “Together, we can advance our technical and business capabilities, offering a superior and integrated solution for water treatment projects. This ‘one plus one is equal to three’ strategy will allow better project execution in line with clients requirements, all thanks to a good balance sheet and technical experience by Veolia.”

The partnership will also see Veolia South Africa taking an active approach to expanding Ceracure’s business capabilities. “We are assisting Ceracure with achieving a higher CIDB grading, and have planned for a structured transfer of technology and skills of Veolia’s water treatment expertise to Ceracure,” Rencken explains.

Veolia’s shareholding arrangement with Ceracure represents an important pillar of the company’s new vision that is enhancing the water solutions specialist’s delivery of highly efficient, low-footprint water treatment technologies in South Africa and Africa. Alongside the B-BBEE deal are a range of recent organisational and technological innovations that have streamlined the company’s manufacturing, distribution and service networks across the region. Veolia South Africa is now positioned as a key technology and manufacturing hub for Veolia’s new range of standard engineered products and systems as well the company’s range of Hydrex™ speciality chemicals.

“We are excited to welcome Ceracure on board, and look forward to a fruitful synergy with them as we continue to tackle Africa’s water treatment challenges,” Rencken concludes.

Veolia group is the global leader in optimized resource management. With over 163 000 employees worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.In 2016, the Veolia group supplied 100 million people with drinking water and 61 million people with wastewater service, produced 54 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €24.39 billion in 2016.

Continue Reading

Most Popular

Copyright © 2014 metrosmag. Theme by Natives, powered by MaphorisaInitiatives