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Are You The 2018 Veuve Clicquot Elle Boss? Calling All South African Businesswomen, Applications Now Open

Are you the next #VeuveClicquotELLEBOSS?

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If you’re a powerhouse South African businesswoman, or know someone who is, the 2018 Veuve Clicquot ELLE Boss Award is now open. Showcasing entrepreneurial spirit, leadership, creativity and determination, the search is on for one woman who is redefining the world of business one decision at a time. Are you the next #VeuveClicquotELLEBOSS?

What makes a #VeuveClicquotELLEBOSS?

  • A natural leader in business
  • Entrepreneurial and creative
  • Business-minded and confident
  • Self-driven
  • Social media savvy
  • Risk-taker
  • Financially adept
  • Innovative

She’s a star in business …

“The world is in perpetual motion, and we must invent things of tomorrow. One must go before others, be determined and exacting, and let your intelligence direct your life. Act with audacity,” – Madame Clicquot, Veuve Clicquot.

How to enter?

For the Nomination Process, please take note of the Nomination Criteria below.

Women matching the criteria in the ENTREPRENEUR or CORPORATE category can either self-nominate, with a mentor or manager seconding their application. Or they can be nominated, however they will need to consent to the nomination.

Why enter?

A Veuve Clicquot ELLE Boss 2018 winner will be selected from all finalists for both the corporate and entrepreneurial categories. There will be one overall winner from these two categories.

They will be recognised at a bespoke event hosted by ELLE South Africa and Veuve Clicquot in Johannesburg on the 18th of October 2018.

In addition to the public recognition on the evening of the awards, the general press coverage, the winner will also receive one-on-one mentoring during a two-hour session with powerhouse business mogul Khanyi Dhlomo to ask personal, career and development questions. As well as features in ELLE South Africa (magazine and online /digital platforms), the winner will be flown to visit the prestigious Veuve Clicquot Maison and hosted by Veuve Clicquot in Reims, France, the home of Champagne. The trip will take place in 2019 and will include all flights, accommodation and a daily allowance.

The runner-up will receive a special Veuve Clicquot Experience, including a private dinner for her and five guests, to relax and unwind, to savour the recognition of her meaningful achievement to date as a Woman in Business (Terms & Conditions apply).


Four further runners-up will each receive a Magnum bottle of Veuve Clicquot. All finalists will be invited to attend the Veuve Clicquot ELLE Boss Awards event on 18 October in Johannesburg. Finalists must fly themselves if they do not live in Johannesburg and be responsible for their own accommodation.

Related: 30 Top Influential SA Business Leaders


All You Need To Know About The Elle Boss Award

elle-boss-competition

The Veuve Clicquot ELLE Boss Award has been created to showcase entrepreneurial spirit, leadership, creativity and determination and the search is now on for one woman who is redefining the world of business one decision at a time.

Using this powerful platform, and for the fourth year, Veuve Clicquot and  ELLE magazine set out to celebrate women who have been in business for at least three years – women already demonstrating clear signs of success, and/or, exceptional corporate managerial skills and a social conscience.

“The pillars of Ndalo Media can be summed up in two words: positivity and impact. This is why we’re thrilled to start a new search, in collaboration with our international partner, Veuve Clicquot, for the woman whose leadership qualities are resonant with the values of leadership that Ndalo Media has become known for celebrating and espousing,” says Khanyi Dhlomo, founder and CEO of Ndalo Media and ELLE publisher.

“The current Veuve Clicquot ELLE Boss, Amanda Dambuza, is a woman who embodies what it means to be a leader. Running a project management services company, Uyandiswa, which has scores of employees and makes a staggering annual turnover, and also mentoring girls through her social enterprise network, Dambuza demonstrates the qualities we’re looking for in the next Veuve Clicquot ELLE Boss,” Dhlomo adds.

“While every year, ultimately, one woman walks away with this prestigious award, this initiative is far-reaching in its impact. The women who make it onto the finalists’ list are truly impressive in their achievements and are worthy of admiration and honour. They are industry leaders, philanthropists, activists and entrepreneurs who are building leadership legacies that cultivate a culture of inspired positive impact. And so, we’re thrilled to launch the 2018 Veuve Clicquot ELLE Boss awards, which we see as a platform to establish formidable networks of outstanding women leaders; celebrate women who uplift and inspire others; and create new mentorship opportunities with a judging panel of highly esteemed women leaders.”

A Veuve Clicquot ELLE Boss is a natural leader in business, she is confident, strong and committed – a risk taker that is not afraid to think out of the box and ask for what she wants. In South Africa, where new research reveals that the percentage of women in senior management positions now is down from 23% last year*, gender empowerment in business is a top priority and ELLE and Veuve Clicquot want to challenge the status quo by recognising, rewarding and giving women the acknowledgement they deserve.

With both entrepreneurial and corporate categories, businesswomen all over South Africa are encouraged to enter now.

Why the partnership with Veuve Clicquot’s Business Woman Award?

“Veuve Clicquot is a proud supporter of women in business internationally, honouring our founder Madame Clicquot, who established herself as one of the first leading female figures in the world of business. Our prestigious Veuve Clicquot Business Woman Award seeks to identify and celebrate outstanding women and honour their entrepreneurial spirit. We are therefore extremely proud to partner with ELLE magazine in South Africa to present the Veuve Clicquot ELLE Boss Award. This award champions the success of South African business women who share the same inspirational qualities as Madame Clicquot: an enterprising spirit, creativity, courage, determination and, of course, success”, says Pascal Asin, Moët Hennessy Managing Director Africa and Middle East.

Who are the 2018 Veuve Clicquot ELLE Boss judges?

Judges will include Khanyi Dhlomo, Founder and CEO of Ndalo Media and ELLE publisher and Aimee Kellen, Regional Marketing Manager Moët Hennessy, with further judges selected from a wide range of women in leadership from various industries.

How are South African businesswomen able to enter?

Women matching the criteria in the ENTREPRENEUR or CORPORATE category could either self-nominate, with a mentor or manager seconding their application. Or they could be nominated, however they will need to consent to the nomination. 

What does the winning 2018 Veuve Clicquot ELLE Boss receive?

A Veuve Clicquot ELLE BOSS 2018 winner will be selected from all finalists from both the corporate and entrepreneurial categories. There will be one overall winner from either the corporate or entrepreneurial category.

They will be recognised at a bespoke event hosted by ELLE South Africa and Veuve Clicquot in Johannesburg on the 18th of October 2018.

In addition to the public recognition on the evening of the awards, the general press coverage, the winner will also receive one-on-one mentoring during a two-hour session with powerhouse business moghul Khanyi Dhlomo to ask personal, career and development questions.  As well as features in ELLE South Africa (magazine and online /digital platforms), the winner will be flown to visit the prestigious Veuve Clicquot Maison and hosted by Veuve Clicquot in Reims, France, the home of Champagne. The trip will take place in 2019 and will include all flights, accommodation and a daily allowance.

The runner-up will receive a special Veuve Clicquot Experience, including a private dinner for her and five guests, to relax and unwind, to savour the recognition of her meaningful achievement to date as a Woman in Business (Terms & Conditions apply).

Four further runners-up will receive a Magnum of Veuve Clicquot.

Related: 13 Female Entrepreneurs Rising To The Top In SA

What are the nomination criteria:

ENTREPRENEUR Category:

  • Age: Not younger than 25 and not older than 45 years of age.
  • Entrepreneurship: Founder/leader of a local business, driving force behind the success of the business. Displays a pioneering approach, business acumen, dynamism, innovation, audacity and tenacity.
  • Financial Success: Sustained profitable growth and a healthy balance sheet with a minimum turnover of R1 million. The applicant must have been in business for a minimum of three years. She is the main shareholder of this business. Not for Profit organisations will be considered, however their justification on financial performance and development will be required. Fundamental measures of success are financial viability and year-on-year growth.
  • Social Investment: The candidate must have a genuine commitment to responsible and sustainable business practices, such as environmental policies, employee benefits, workforce diversity and community schemes/relationships.
  • Role Model: Mentoring, succession planning, pushing boundaries, ability to motivate others, relationship building with colleagues/employees, especially for other women.
  • Involvement in business and industry: Profile and participation in the business sector they operate in and public profile.
  • Awards or recognition as a significant achiever: The candidate must show that she has personal brand strength.

CORPORATE Category:

  1. Age: Not younger than 25 and not older than 45 years of age.
  2. The candidate must work for a company with a minimum turnover of R15 million per annum.
  3. Management experience: The candidate should have no less than three years in a senior position and the entry must confirm the candidate’s advancement in business to date and chronicle success as a manager to date. The candidate should display a pioneering approach, business acumen, dynamism, innovation, audacity and tenacity. She should also demonstrate leadership and team building skills.
  4. Role Model: The candidate will be assessed with regards to her contribution to mentoring, succession planning, pushing boundaries, and her ability to motivate others, relationship building with colleagues/employees and especially for other women.
  5. Social Leadership: Displays qualities of leading by example in any corporate CSI initiatives, public service.
  6. Involvement in business and industry: Profile and participation in the business sector they operate in and public profile.
  7. Will need to demonstrate the success of their brand business personality through awards or recognition as a significant achiever.

Note: Importantly, the candidate is not an employer, major shareholder or owner of a business.

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Top Sectors For SMEs In 2019

“As such, SMEs in the construction, communications and electrical fields are all likely to benefit from supply and sub-contracting agreements over the coming years.”

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While the South African economy has been underperforming for a number of years, the first positive signs of turnaround started to become visible by the second quarter of 2018, and by the end of the third quarter, data supplied by Statistics South Africa showed that the economy had indeed grown by 2.2 percent, compared to the previous quarter. This uptick is expected to have a positive effect on business confidence in 2019.

This is according to Jeremy Lang, regional general manager at Business Partners Limited (BUSINESS/PARTNERS), who says that certain business sectors have already seen an increase in opportunities for small businesses and start-ups.

“While these sectors will not be without challenges, the following four industries are likely to offer the best opportunities for small and medium enterprise (SME) owners to grow their enterprises in the coming year.”

Tourism

The World Travel and Tourism report 2018, revealed that the direct contribution of the travel and tourism sector to South Africa’s GDP has been projected to rise from R136bn in 2016 to R197.9bn by 2028 – set to make up a total of 3.3 percent of the country’s total GDP, says Lang.

“Although this sector experienced some setbacks in 2018, such as the drought in the Western Cape and stricter visa regulations for children entering the country, both the water restrictions and visa regulations  have been relaxed and the sector is once again poised for growth,” he says.

Related: Government Funding And Grants For Small Businesses

Manufacturing

Statistics South Africa has credited this industry with being the biggest driver of growth in the country’s GDP, having expanded by 7.5 percent in September 2018, says Lang. “To bolster this, Government has made a concerted effort to stimulate small business growth in this area with initiatives such as the Black Industrialist Programme and the SA Automotive Masterplan.”

He adds that businesses in the manufacturing sphere could therefore likely see significant opportunities in the form of outsourcing contracts and new partnerships with large corporates.

Agriculture

“The debate around land expropriation has occupied most of the discussions surrounding the agricultural sector in 2018, with some questioning growth prospects of this sector. However, this industry has a lot of growth ahead of it, as demonstrated by its 6.5 percent growth over the last three months of 2018,” explains Lang.

“Further to this, the industry is also already taking significant advantage of seven climatic regions in South Africa, with the export of a wide variety of high quality fruit and vegetables increasing substantially,” he points out. The recent outbreak of foot and mouth disease that has resulted in the suspension of the country’s FMD-free status will however significantly impact meat exporters.

In terms of opportunities for SMEs, he says that these may most likely be found in the rural and underdeveloped regions, where the need for resources like efficient transport, state-of-the-art cold storage, better irrigation and private power generation will be key to making agriculture projects more productive and competitive in the export market.

Data and information technology

Connectivity and information technology infrastructure are both crucial to business and employment growth in South Africa, says Lang.

“With many municipalities and the Western Cape government committing to providing all of its residents with free data as part of a plan to expand public Wi-Fi network access, it is clear that this is also becoming a high priority on a state level.” 

Related: 9 Ways To Elevate Your Small Business To The Next Level

It has also been reported that South Africa is awaiting the arrival of three international data centres, and large players in the communications sphere, including Vodacom, Telkom and Vumatel, are making huge strides in drastically growing the country’s fibre optic backbone, he adds. “As such, SMEs in the construction, communications and electrical fields are all likely to benefit from supply and sub-contracting agreements over the coming years.”

In conclusion, Lang says that as South Africa’s economic growth has started to turn around, business owners should keep their ears to the ground as 2019 is highly likely to be a year of opportunity.

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Herman Mashaba To Talk On City Of Jo’burg Job Creation Initiative

Herman Mashaba to talk on City of Jo’burg job creation initiative at 2019 Business Day TV SME Summit.

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Mayor of the City of Johannesburg, and one of South Africa’s most successful entrepreneurs, Herman Mashaba, will be one of the presenters at the 2019 Business Day TV SME Summit which will be taking place at The Empire Venue in Parktown on 7 March 2019.
Now in its third year, the Business Day TV SME Summit provides an opportunity for small business owners, entrepreneurs, incubators, franchisors, investors, as well as suppliers to the SME sector to come together and engage with experts in the business, technology, marketing and investment fields.
Having founded the now iconic hair-care brand, Black Like Me, more than thirty years ago during the apartheid era and on the back of a R30,000 loan from a friend, Mashaba’s experience in establishing an entrepreneurial enterprise holds great value for small and medium-sized business owners in South Africa. Mashaba will also be highlighting the City of Johannesburg’s innovative drive to stimulate inner city opportunities and job creation.
a-panel-discussion-from-the-2018-business-day-tv-sme-summit
Managing finances and obtaining funding and expansion capital are challenges many entrepreneurial businesses face as they look to grow their footprint in the market. Darren Segal, Personal and Business Banking Innovation executive at Standard Bank – one of the partners of the SME Summit – will present advice on negotiating funding and finance, to ensure effective cash flow management.
Complex tax issues will also be covered by a representative from the office of the Tax Ombudsman.
Taryn Westoby, Head of Tiso Blackstar Events which manages the SME Summit and curates the speaker line-up says: “We work alongside Business Day TV to meet the requirements of those engaged in the SME sector, so that the content of the Summit aligns to some of their most pressing concerns and needs. The line-up of speakers includes experts in the fields of business scaling, marketing strategy, intellectual property (IP) rights, and risk mitigation.”
As such, Graham Mitchell from GROW has been engaged to share insights into the leadership required to scale a winning management team.  Vishen Pillay, partner at Adams & Adams and an authority on copyright, patents, and trademarks, will provide guidance on protecting IP. Therusha Bhagarette of Credit Guarantee Insurance Corporation of Africa Ltd will expound further on the do’s and don’ts of risk management. The full line-up of expert speakers and topics will be published on www.smesummit.co.za.

International perspective

An international perspective to entrepreneurship will also be provided through Business Day TV’s The Big Small Business Show and a pre-recorded session with Uri Levine: renowned serial entrepreneur and founder of Waze.  Levine was recently in South Africa as a guest of Tiso Blackstar to deliver the keynote presentation at the prestigious Sunday Times Top 100 Companies Awards to an audience of CEOs from the top-performing companies on the JSE.

Leading organisations at the SME Summit

Once again, leading organisations have committed their participation at the Business Day TV SME Summit, recognising it as one of the most effective platforms for SMEs to engage professional insights and facilitate knowledge-sharing in support of much needed entrepreneurial development in SA.
This year’s headline partners are Credit Guarantee Insurance Corporation of Africa Limited, SAICA, and Standard Bank. Other partners include BDO, Adams & Adams, Liberty, Payfast, GROW, The Tax Ombudsman, W&R Seta, Telkom, Santam and The Little Green Number.
For sponsorship and exhibition opportunities:  Stephen Horszowski – stephen@tisoblackstar.co.za
Delegates who wish to purchase tickets for the full day event (07h00 – 15h00) at R995:  Lucy Johnson – johnsonl@tisoblackstar.co.za or visit  www.smesummit.co.za

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SME Insurance Checklist For New Year

Malesela Maupa, Head of Product and Insurer Relationships at FNB Insurance Brokers, advises SMEs to consider the following factors when reviewing their policies.

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Business owners who are planning for the year ahead should not overlook the importance of reviewing their insurance policies to ensure they are adequately covered against insurable risks.

Malesela Maupa, Head of Product and Insurer Relationships at FNB Insurance Brokers says, every year businesses face unique challenges ranging from credit and market risks, technological disruptions, compliance, operational and regulatory risks, amongst others. As a matter of precaution, insurance policies should at least be reviewed or updated once a year.

He advises SMEs to consider the following factors when reviewing their policies:

  • Employee movements – if there are any employees who have left or joined the company, ensure that your policy is updated accordingly.

This type of cover normally depends on the role and contribution of the employee to the business. For instance, directors may be covered for Key Person Insurance and Directors & Officers Liability insurance.

  • Protest Actions – this year is the national election year and leading up to elections we can expect to see an increase in the frequency and severity of protest actions, riots and strikes. Thus, it is essential to ensure that adequate special risks cover is in place from the South African Special Risks Insurance Association (SASRIA).

SASRIA provides cover to both individuals and businesses against special risks like civil commotion, public disorder, strikes, riots and terrorism at affordable premiums.

  • Cyber risks – it is essential to communicate with your insurer or broker and find out if there are any new risks that your business should be protected against. Cyber incidents continue to be a major risk for businesses especially in the SME sector. Over the last couple of years there has been a major increase in the number of reported cyber incidences.

Related: I would like to start an insurance business. What are the basic guidelines?

More businesses are now facing increased cyber threats due to their increased dependency on technology, relating to their internal and customer data being compromised by fraudsters. It is therefore essential to have some form of cyber risk insurance cover and/or enhancement of data security protocols.

  • Regulatory changes – every year there are a number of regulatory changes that impact businesses directly or indirectly, which may result in fines and penalties for non-compliance.
  • Natural catastrophes – the increase in the frequency and severity of extreme weather conditions, coupled with intensifying natural catastrophes will continue to have a significant impact on businesses.

Businesses should ensure they are adequately protected against these risks to avoid incurring sever financial losses.

  • Business changes – should a business consider moving to a new location, purchasing new premises or venture into new business activities, these types of changes could have a major impact on its risks profile. As a result, the policy needs to be updated accordingly.
  • New and Enhanced products – An innovative culture has taken over the insurance industry and ever so often we see the introduction of new products or the enhancement of existing products. Get in touch with you broker to advise you on any new products that might add value to your existing insurance portfolio.

“Reviewing your policy regularly gives you peace of mind knowing that you can focus on running your business effectively, without worrying about unforeseen risks,” concludes Maupa.

Related: Insurance For Small Businesses: What Should Be Covered?

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