Jack Janse van Rensburg, director of The Investment House, is focusing on growing the SME sector through sustainable empowerment and facilitating smart business partnerships.
- Company: The Investment House
- Contact: +27 (0)12 259 0057
- Email: email@example.com
- Visit: www.theinvestmenthouse.co.za
Why are you in the B-BBEE business?
I am an entrepreneur with all my heart and passion; I enjoy seeing businesses flourish, people prosper and countries develop. No matter what colour, culture or gender you are, every one of us contributes with their successes as well as their failures to South Africa’s economic and social wellbeing.
Related: The 5 Elements Of BBBEE
B-BBEE has many critics, mainly stating that B-BBEE has not achieved what it promised: Economic Empowerment. What do you think could be the cause?
B-BBEE has two main objectives:
- Redistribution of power and resources
- Creation of power and resources.
Challenges arise when development and empowerment are seen and treated as giving away ‘free’ money, contracts and job titles to ensure B-BBEE compliance.
The result: Many power shifts within companies fail; most start-up businesses fail.
As T. Harv Eker wisely says, “It’s not enough to be in the right place at the right time, YOU must be the RIGHT PERSON in the right place at the right time.”
In my opinion, black people’s income, success and power can only truly grow to the extent that they do. I believe that sustainable economic development is about transforming people, their mind-sets and abilities, meaning the creation of power and resources much rather than the redistribution.
Your passion lies specifically with Enterprise Development within B-BBEE. Why?
The fact is that South Africa offers an unbelievable potential for wealth. The 2010 Finscope Small Business Survey shows that South Africa has an estimated 5,6 million small businesses, 82% of which are subsistence SMEs or so-called ‘lifestyle’ businesses. Small and medium enterprises account for 91% of all formal businesses and account for 61% of all national employment.
The statistics clearly show the enormous entrepreneurial potential, will and impact that small businesses have in South Africa. The importance of entrepreneurial development cannot be underestimated. It is not enough to divide the existing economic pie and just shift the power.
Enterprise Development is expanding the economic pie and, therefore, has the highest truly sustainable impact on our economy and society.
Why should large companies be investing in B-BBEE?
Beyond B-BBEE compliance, the expanded access into markets and the reputable integrity of a company, there is more to gain. Large companies play a critical role in driving inclusive and sustainable development, which changes South Africa as a whole and the way we are perceived internationally.
A favourable view and the trust of economies beyond our borders increases foreign investments into South Africa and contributes to a strong currency. Every business, no matter how small or large, prospers from a strong economy.
What can The Investment House do to support that step into true empowerment for a new South Africa?
We, at The Investment House, focus on developing people. We develop entrepreneurs who own their success and their failure.
In our incubator we are setting up black entrepreneurs for success. Our coaching and mentoring programme focuses on the entrepreneurial mind, our workshops focus on mastering success with Business Intelligence and through our business development programme we provide access to finance, markets and skills.
All of our entrepreneurs are fully responsible and accountable for their own success, as well as their failure. That is why we carefully assess and select our beneficiaries as we have come to see that entrepreneurship is a mindset much rather than a business model.
If you want to make a real difference in South Africa, one that affects all South Africans, then The Investment House is your ideal partner.
Set Up Your SME For Success With Fibre
Boost your business potential when you plug into fibre. It offers unprecedented benefits, taking your business to the next level of connectivity.
More South Africans are turning to fibre for fast Internet access. We’re witnessing a boom in fibre expansion and as a result, it’s becoming a more affordable option for SMEs. Once businesses connect to fibre, they can access a reliable, ultra high-speed connection that unlocks the full advantage of cloud-based processing.
Cater to usage demands
A slow Internet connection can derail your business. It’s imperative for business owners to prepare their networks to handle additional usage requirements. Failing to do this might lead to interruptions, slowdowns and a potential impact on your bottom line. An Internet connection should be a tool that supports innovation and uninterrupted productivity.
Shift to the cloud
More businesses are accessing cloud-hosted information via Software-as-a-Service (SaaS) tools and other platforms. In 2018, nine out of 10 companies in South Africa said they had increased spending on cloud computing, according to a report by World Wide Worx and F5 Networks. Running your day-to-day business on the cloud requires you to have a more powerful Internet connection.
Support video and VoIP
Some businesses make use of video capabilities for training and meetings, and VoIP for sales and marketing. On a fibre line, businesses can ensure they meet these demands without putting a strain on the network. With fibre, business owners can run voice and Internet data on the same line but may look at installing a second data connection for redundancy.
Get what you pay for
There’s no denying it, fibre provides exceptional speeds and offers a brilliant price-to-performance ratio. You won’t receive the same contention ratio as other connection mediums – you will get what you pay for. Bandwidth caps are less of an issue with fibre because there’s a choice of affordable uncapped deals on offer.
Make the right choice
- Before you decide on your fibre deal, ask the right questions, understand exactly what you’re paying for and match your business requirements with the right amount of bandwidth.
- Choose a provider that allows you to manage growth for the long term – one that allows you to choose your deal, scale when necessary and not throttle your fibre line.
- You’ll also want an ISP to have your back further down the line. Insist on obtaining a comprehensive list of services along with the monthly fee. Ensure you are provided with a full service including all necessary support and equipment to deliver optimal fibre performance.
Ignite’s drive and purpose is to be the spark that inspires SMEs, which is why the Ignite Fibre service is structured to put you in control. Ignite offers you tailored packages that take into account your daily Internet and business startup needs.
Designing Her Destiny
Oh Yay! owner, Emmerentia van den Hoven does business her way.
In 2011, Emmerentia van den Hoven took a leap of faith when she decided to leave her graphic design job at an agency and pursue her real passion – and it has paid off tenfold. Here’s her story.
“When I started planning my own wedding eight years ago, I fell in love with wedding design and wanted to do that for the rest of my life. Designing for brands had become a set of rules rather than being creative, and I’d always wanted to work for myself. So, in September 2011, I turned my seven-month-old side gig into a fully-fledged business and launched Oh Yay!
I have to hustle every month to get new clients because every client will use my services maximum twice – first for the wedding invitations and then for the stationery on the day – so I don’t normally have returning clients.
Because my main business is seasonal and usually once-off per customer, I have branched out into branding for small businesses in the beauty and lifestyle industry. I also earn a passive income through the Oh Yay! online shop where I sell wedding décor items. Oh Yay Kids – my other online store – is my passion project. I launched it just before my second child was born, adding items to the store that I made for my two boys when I saw a need for it. I then expanded into prints for nurseries and kids’ party stationery.
I work for myself and have no employees, so the fact that QuickBooks lets me load all my services, products and prices in one place makes running my business so much easier. Being an entrepreneur is difficult because you don’t know if you’ll be successful or not. But if you believe in and love what you’re doing, it reflects in your work and the service you give.”
Less admin, more of what you love
When Oh Yay! was launched, along with her dream of being an entrepreneur, came the nightmare of other administrative tasks. But that changed in 2018 when Emmerentia started using QuickBooks.
“When I was using spreadsheets to balance my books, I was spending 80% of my time on admin, which left very little time to tend to customers’ orders. I now spend no more than 25% of my time on admin, which is important, especially when it comes to the speed at which I send quotes. You don’t get any work if you don’t send out quotes and it’s tough to juggle the admin with your actual job of running the business.
Numbers were never really my strong point, so having a professional quote done in record time not only projects professionalism, but the format also changes the way new clients see me. In my industry, the quicker you can send a quote out, the likelier you’ll get the clients’ business. It gives legitimacy to my business. The QuickBooks system operates so seamlessly that clients communicate with me differently, like I have my own accounting department, when in fact, I’m a one-woman-show.
I used to dread doing admin, but now it’s so easy and quick. I’m not just saying this – QuickBooks changed my life.”
The Future Of Fleet Management Is Now
Power up your fleet management and make even smarter business decisions with the new WEBFLEET. WEBFLEET is the award-winning Software-as-a-Service fleet management solution from TomTom Telematics, designed to provide you with the data needed to help your field operations become more efficient, more productive, safer and more profitable.
An improved interface and enhanced features mean WEBFLEET is now more powerful than ever before, and can be accessed anytime, anywhere on any screen. Find everything you need to help save on fuel, maintenance and administration costs, while delivering the quality service your customers demand.
It has already delivered proven results for customers across the globe and is powered by continuous innovation, meaning it is ready to grow with you and your organisation as goals and challenges change. Discover the future of fleet management now and help give your business an edge on the competition. Request a demo and find out more at telematics.tomtom.com/webfleet/landingpages/launching-the-new-webfleet.
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