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Tsogo Sun Entrepreneurs Graduates Celebrate Living The Legacy

Tsogo Sun has a portfolio of over 100 hotels and 13 casino and entertainment destinations throughout South Africa, Africa and the Seychelles.

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Big achievements and lasting legacies dominated at the ‘Living the Legacy’ themed Tsogo Sun Entrepreneurs Graduation Ceremony on 31 October, when 33 entrepreneurs celebrated completing their first year, 13 graduated from second year to alumni status, and Lowe Furniture & Décor from Bloubosrand in Johannesburg won the 2018 Achiever Award.

The ceremony, which was held at The Pivot at Montecasino with Rams Mabote, celebrity speaker, radio personality and entrepreneur as MC, commemorated 100 years since the birth of Nelson Mandela, and marked the dawn of a new chapter in the Tsogo Sun Entrepreneurs programme.

Candy Tothill, Tsogo Sun’s GM of Corporate Affairs, says, “It has been 13 years since Tsogo Sun Entrepreneurs took its first brave and hopeful steps with a handful of guesthouses in Soweto. We have steadily evolved to meet the changing needs in the entrepreneurial landscape – and today we have 240 beneficiaries. Of these, 152 are enrolled in development with us while the rest receive benefits to make doing business easier for them. 128 own and operate accommodation establishments, and 82% are South African women. There are also an additional 125 beneficiaries of the HCI Supplier Club, which was created with Tsogo Sun’s shareholder, HCI Limited.”

Tothill remarks on the privilege of following the journeys of the entrepreneurs, “I have watched them come to recognise that their voices can be heard and their stories identified with, that their sphere of influence is greater than realised, and that their impact is powerful. Today’s graduates are joining the ranks of enterprises at different stages of development, but all with a passion for developing and growing their businesses, and for building a proudly South African legacy that will continue long into the future.”

Related: Two 20 Year Olds Reshape Entrepreneur Landscape With New Social Investment Platform

In the spirit of local growth – for their beneficiaries and the country – Tsogo Sun Entrepreneurs has partnered with Proudly South African and sponsors membership of the organisation for the emerging businesses it supports. Happy MaKhumalo Ngidi, Proudly South African’s Chief Marketing Officer, says, “Proudly South African is truly privileged to endorse Tsogo Sun’s Entrepreneur programme. Enterprise and supplier development initiatives such as this are important in providing entrepreneurs with access to new markets to which they wouldn’t otherwise be exposed. This programme speaks exactly to the work Proudly South African is doing in promoting local procurement by local companies from local companies. We look forward to seeing the success of the new ‘intake’ of entrepreneurs match that of past recipients of Tsogo Sun’s training and mentorship.”

As the graduates were introduced onto the stage, short films about them and their businesses – ‘The Legacy Series’ – were shown. These videos were developed by Tsogo Sun Entrepreneurs to give the businesses additional professional exposure on social media and in the public domain.

The graduation consisted of four categories:

Second year to alumni (13) – Alex Ceramic Art in Design, Gemkids, Intaka Yempakamo Co-Operative, Ronem Maintenance Solutions, Sumting Fresh, Rifumo Bed and Breakfast Guesthouse, Vulamehlo Widows Support Group, Before Time Indlondlo Events, Sibahle Tours, Relax Spas, Ekhaya Nelspruit Guesthouse, Tlhagola Gardening & Cleaning Services, and 3@ Marion Guesthouse

Certificate of Foundation Skills for First Years Class of 2018 (7) – Smooth Energy, Enhlecreatives Photography & Design, Glenz Cakes, Back to Basics Sports Academy, Norman’s Tours and Shuttle Services, Alabanza and Alegria Trading, Dev’or Cosmetics and African Roots (Seven Sisters Wines)

Certificate of Completion First Years Class of 2018 (8 individuals in 6 businesses) – Roba Monakedi Guest Lodge, Asipiko Events and Marketing, CBK Master of Books, The Zone eMdeni Pub ‘n Grill, Greatone Infinity Design, and Fly Free Pest and Weed Control

Certificate of Merit First Years Class of 2018 (18 entrepreneurs from 15 businesses) – Be-Dazzled Party & Décor Hiring, Kasi Brothers Events, Asipiko Events and Marketing, Tych Labour Solutions, Geotra Exporters, V-A Virtual Assistant, Hitech Industrial Services, MGD Protection Services, World of Real Life Dreams, Bahati Tech, Luthando-Nto General Trading Enterprise, OBT Waste Management, Magauta Designs and Projects, Lowe Furniture & Décor, and Dimzique Jewellery

The 2018 Tsogo Sun Entrepreneurs Achiever Award was presented to Lowe Furniture & Décor owner Velaphi Mpolweni who won R20,000 from Tsogo Sun Entrepreneurs and a business bursary from Tsheto Leadership Academy valued at R10,000 entitled ‘Master 1 – a new state of consciousness’, as well as a hamper from Proudly South African. Mpolweni started his business in 2016 and designs and manufactures custom-made and contemporary furniture, steel products and ornamental accessories using solid wood, steel and glass. Mpolweni says,

“We are constantly developing new product designs that are beautiful, enduring, environmentally friendly, compatible with our landscape, and in line with our slogan, ‘Evolution of style, enhancing the beauty of Africa’, because Africa is a beautiful continent.”

Tothill congratulated Mpolweni on achieving the highest marks in the University of Cape Town business management course. “Velaphi Mpolweni overcame adversity and is building a legacy both for his family and for the country. We are immensely proud of all he is accomplishing and wish him the best, as well as our continued support, into the future.”

To all the graduates, she said, “We continue to celebrate and encourage this remarkable entrepreneurial spirit that exists in all of you and we look to a future where we can continue to provide ‘ordinary’ South Africans running their own businesses with this extraordinary platform to become successful instruments of positive change in our country.”

Tsogo Sun has a portfolio of over 100 hotels and 13 casino and entertainment destinations throughout South Africa, Africa and the Seychelles. For more details, visit https://www.tsogosun.com, follow on Twitter @TsogoSun or like on Facebook.com/TsogoSun.  To learn more about the Tsogo Sun Entrepreneurs, visit them on Facebook.com/TsogoEntrepreneurs.

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5 Businesses You Should Start in 2019

Here’s the lowdown on consumer and technology opportunities in 2019 and beyond.

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Savvy entrepreneurs should keep a close watch on consumer and technology trends in 2019. This, according to Silvertree Internet Holdings Co-founder and MD, Manuel Koser. Having invested in and grown a number of highly successful South African brands (among them Faithful-to-Nature.co.za, UCOOK.co.za, Pricecheck.co.za, CompareGuru.co.za, Petheaven.co.za, Cybercellar.com, and CarZar.co.za). Silvertree’s management team sees several business opportunities set to grow exponentially over the coming decade.

Here’s the lowdown on consumer and technology opportunities in 2019 and beyond.

1. Indigenous and ethical: Personal and home care products

2019 Sees growing potential for personal care products – ‘Those with local and indigenous ingredients, ethical sourcing which is kind to nature and the body,’ Koser explains. ‘There is a lot of room to play in the African haircare market particularly, as it’s often overlooked by the major FMCG companies.’

The Silvertree MD also sees increasing room for innovative natural home cleaners as consumers become increasingly environmentally conscious. ‘Until now, it was all about the well-known cleaning products the major chemical manufacturers put on the shelves. Now, there’s increasing space for new, exciting entrants.’

2. New beverages

‘Locally-sourced ingredients and an earth-first mindset will also play an increasing role in the consumer beverage market. Add to this the fact that major soft drink manufacturers will struggle to produce drinks for increasingly health-conscious consumers. They’re often just not quick enough to adjust to changing consumer tastes – particularly the tastes of millennials. Think less about a standard fizzy drink, but rather one that’s kind to the body, with natural ingredients. Non-alcoholic: water plus, say, cucumber, or another indigenous ingredient. The market for this will grow.’

3. Ethical snacking

Plant-based, vegan, ancient grains, ethical, protein-rich snacks – these are just some of the trends Koser sees dominating in the snack segment in 2019 and beyond. It’s about unique, tasty, functional foods that cater to the modern, time-starved consumer, Koser explains.

4. Buy, sell and compare online

In the technology space, marketplaces, e-commerce sites and classifieds will all gain momentum in 2019 and beyond. This encompasses aggregators as well as more unusual online businesses, which are increasingly able to find and reach consumers interested in niche products and services.

‘Consider an online ice-cream business. Once, something like that would have been unthinkable,’ Koser explains. ‘But as consumers demand greater choice, room for niche products like this grows.’

Yet, dabble online and seamless execution and delivery become make-or-break factors. ‘Many South African consumers use services such as Google, Amazon, Uber and Spotify daily – world-class products that function on a global scale. You can call an Uber and wait for just two minutes before getting a ride,’ Koser explains. ‘It’s quick and totally seamless. Consumers have come to expect that level of service across the board. Aligned to this is the fact that the millennial wave is currently hitting Cape Town right now, and Joburg secondarily, meaning a number of opportunities are opening up. Go after products and services in the right space and consumers will follow.’

5. Reinvent the wheel – and make it better

The final type of business entrepreneurs should keep an eye on is those that currently have low Net Promoter Scores. ‘This means that very few people like them, or the services they provide are of very poor quality,’ Koser explains. ‘Think of postal service providers or telecoms companies. With any monopolistic or oligopolistic structures, the service is often terrible because the heavyweights hold so much power. There’s a huge gap here.’

An allied approach for entrepreneurs is to assess opportunities for automation, or cutting out the middleman with technology. ‘Once, many markets – such as real estate were opaque, meaning you needed a middleman to help you transact. However, as the capabilities of technology have grown, markets have become far more transparent – making it easier for buyers to match with sellers safely. Today, a lot of this is easy to automate services – think about connecting a homeowner to a prospective renter through a digital solution where renters can be qualified, for example, in terms of their finances, personal information and criminal records. Quick and simple. And no middleman.’

The biggest opportunities here centre around where consumers spend the greatest amounts of time and money, Koser notes. ‘Housing and rent are always major costs. In terms of where consumers spend their time, on the other hand, much of it is, on a mobile phone, or PC.’

However, entrepreneurial success is never down to any one magic formula, Koser emphasises. Nor does Silvertree invest in prospective entrepreneurs solely on the basis of the product or service they offer. ‘It’s about passion, perseverance and tenacity as much as it is about the quality of the product.’

Silvertree Internet Holdings is an investment growth partner who aims to understand, grow and scale business, consumer and digital brands to unlock the brands’ exponential growth.

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What To Watch For In Tito Mboweni’s First Budget Speech

By Rob Cooper, tax expert at Sage, and chairman of the Payroll Authors Group of South Africa.

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Finance Minister, Tito Mboweni, delivers his first Budget Speech on 20 February at a difficult time for the South African economy. Even though President Cyril Ramaphosa has done much to restore business confidence in his first year in office, GDP growth remains weak, government finances are in relatively poor shape, and renewed load shedding is hurting business confidence.

Judging from his Medium-Term Budget Policy Statement in October last year, I expect Minister Mboweni — backed by the team in the National Treasury—to deliver a relatively cautious budget. Much of the focus will be on refinancing the state-owned enterprises and putting them back on to a sustainable footing.

We probably won’t see much in the way of radical thinking since the room for manoeuvre is so limited. Click each header below for an indepth video on the upcoming topics.

National Health Insurance (NHI)

Renewal of the country’s public healthcare system with a mandatory health insurance fund and free healthcare at the point of need has been the ANC government’s policy for years, but progress has been slow to date. There isn’t much money in the country’s coffers to fund something as ambitious as NHI, yet the government will want to show that it is advancing the concept ahead of the elections.

With an NHI bill to be tabled in Parliament soon, we could learn more about how NHI will be funded in this year’s Budget Speech — it’s still not clear whether we will pay for it through payroll taxes, VAT increases or other fundraising measures. As an initial step, we could see medical aid tax credits reduced (or at least not adjusted for inflation) to free up some funding for the NHI.

The Employment Tax Incentive (ETI)

The ETI Act came into effect on 1 January 2014; as a fan of this incentive, I was delighted that President Ramaphosa announced that it will be extended for 10 years another decade in his state of the nation address. However, I have also long argued that the scheme is not performing to its true potential because it is so complex for payroll managers to administer.

The introduction of the national minimum wage adds even more complexity— until and unless the ETI Act is amended, SARS is of the opinion that the National Minimum Wage will not qualify as a “wage regulating measure”. I hope the Budget Speech will announce steps to align the ETI with the national minimum wage and take other measures to simplify administration.

Tax hikes

I don’t expect any major increases to corporate or personal income tax this year since the taxpayer doesn’t have much more to give. I think the top 45% rate will remain unchanged, while tax bracket creep relief (to compensate for inflation) will be limited to lower income earners. It seems unlikely that the Minister will increase VAT again this year, given last year’s increase.

That means the Minister is likely to look at ‘moral’ taxes (sin and sugar taxes) to raise more money; we can expect another steep increase in the fuel levy. Perhaps we’ll also hear about efforts to improve SARS’ revenue collection after several years of under-performance. The agency seems ripe for a turnaround strategy, with high-powered team looking for a permanent chief to take the reins at SARS.

Follow us on @SageGroupZA on 20 February 2019 for LIVE expert insights from the annual Budget Speech.

For more information about Sage’s annual tax seminars, please visit: https://get.sage.com/PRL_19Q1_C4L_ZA_EVCU_NPS_AnnualPayrollTaxSeminar2019

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Top SA Entrepreneurial Competition Praises Sector Optimism And Calls For 2019 Entries

Entrepreneurs interested in entering the competition can enter online here.

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Even in the face of ongoing sluggish growth, exacerbated by widespread allegations of corruption and muted domestic economic activity, South African entrepreneurs remain overwhelmingly optimistic. This was revealed in the Real State of Entrepreneurship Survey 2018, which found that the vast majority of over 1000 business owners surveyed feel very positive about the business climate and outlook for the 12 months ahead.

It is these resilient individuals who will have their deserved time to shine in the 2019 Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS, says Kobus Engelbrecht, spokesperson for the competition, who says entries for the renowned competition – now in its 31st year – are officially open.

Entrepreneurial competitions of this nature, however, serve a greater purpose than just celebrating South Africa’s spirited self-starters, notes Engelbrecht.

“Credible platforms such as the Entrepreneur of the Year® competition also act to inspire the next generation of budding entrepreneurs, who have the potential to drive real economic growth at a time where the country needs it most.”

Engelbrecht refers to the World Bank’s recent downward revision of South Africa’s projections for economic growth in 2019 to just 1.3% – 0.6% lower than the South African Reserve Bank’s earlier prediction of 1.9% in November.

“Despite these challenging economic conditions, year on year we still find exceptional entrepreneurs who continue to identify gaps in the market and transform these into viable businesses.

“It is our aim, through this long-standing competition platform, to continually recognise, encourage and support the hard-working entrepreneurs who continue to do well despite the challenges they are faced with. We use the competition to convey our appreciation for the role they play in inspiring others to venture into the world of business,” he says.

In addition to offering valuable mentorship support, networking opportunities and national media exposure, Engelbrecht says that the2019 Entrepreneur of the Year® competition, sponsored by Sanlam and BUSINESS/PARTNERS, offers prizes valued at over R 2 million, which includes cash prizes of R 70 000 for each main category winner, and R200 000 for the overall winner.

“All South African businesses are eligible to enter this competition, and prizes will be awarded across six categories, namely: Overall Entrepreneur of the Year®; Emerging Business Entrepreneur of the Year®; Small Business Entrepreneur of the Year®; Medium Business Entrepreneur of the Year®; Job Creator of the Year; and Innovator of the Year.”

Entrepreneurs interested in entering the competition can download entry forms online at www.eoy.co.za as well as interact with fellow entrepreneurs and entrants on the competition’s social media platforms www.twitter.com/@EOY_SA and www.facebook.com/EOY.SA. The closing date for the competition is 31 May 2019.

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