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Why Do Business People Make Mistakes?

EO Cape Town event discusses pertinent issues.

Amy Johnson

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EO

The latest Entrepreneurs’ Organisation (EO)Cape Town event saw members gather for an intimate in-the-boardroom meeting with executive coach and business lecturer, Dale Williams, and acclaimed sport’s writer and commentator, Neil Manthorp. Their talk explored a pertinent question, “Why do business people make mistakes?”

Together, Dale and Neil took their listeners on a journey through the boardrooms and cricket fields of the world to highlight the latest science and lessons on the subject. EO members walked away having gained valuable insights, particularly on the importance of coaching for good decision-making in business.

Lessons learnt

With Dale’s extensive background in executive coaching and Neil’s keen understanding of sport’s coaching, the pair were able to draw distinct parallels between business and sport. Where originally business borrowed key performance strategies from sport, now sport is looking to borrow from business in terms of player selection criteria and strategy.

The key point that EO members could take away from this is the need for coaching in a business environment. It is certainly as crucial to successful business operations as it is to a sporting team’s performance.

Most of the talk explored the common traps that tend to ensnare business people. Dale and Neil warned against divorcing strategy from operations, which happens quite frequently in high-level decision-making. It was emphasised that the best decisions are those made with an understanding or – better yet – involvement in operations. Business people need to look at the systems around them and understand them to make better decisions.

Play to your strengths

Another key insight that emerged centred on the challenge of confidence. Those in attendance were encouraged to play to their strengths, form partnerships and embrace positive thinking. This was counterbalanced with a call for empathy, as business leaders need to see things from the perspective of others to make effective decisions. The need for executive coaching was emphasised, as it is particularly valuable in helping business people – especially leaders – see themselves as others see them.

Citing a wide range of informative case studies and examples, Dale and Neil identified parallels between incidents as diverse as the 2008 financial crises and the Protea’s infamous choking status. The event raised many though-provoking issues for attendees to mull over.

More about the speakers

The talk was particularly valuable to the small group in attendance due to the credibility of the speakers. Having acted on the first executive committee of COMENSA (Coaches and Mentors of South Africa) as vice president and national president, and with a masters degree in executive coaching, Dale Williams is an expert in his field. He also lectures at the University of Stellenbosch Business School and is currently a Course Convener of the GetSmarter and UCT Foundations of Corporate Coaching course.

Equally experienced in his field, Neil Manthorp is a well-known sport’s writer and commentator, having covered more than 40 tours and 120 Test matches sinceSouth Africa’s return to international cricket. Neil writes for several newspapers and magazines, and recently published his fifth book, “The Proteas: 20 Years, 20 Landmark matches” to mark the 20th anniversary of South Africa’s return to international cricket.

Upcoming EO events

Founded in 1987 by a group of young entrepreneurs, EO has extended its invite-only membership to over 8 000 business owners worldwide, with an overall global reach spanning 40 countries.

As of May 2012, the Cape Town chapter of EO South Africa consists of 46 members. The organisation provides an invaluable peer network and unique opportunities for personal growth and development such as this in-the-boardroom event with industry experts.

The next Cape Town event, “Forum One Presents In Studio With Paul Du Toit”, will be held on 19 July 2012. The event will showcase the work of famous artist, Paul Du Toit, in the intimate setting of his home studio. Paul will share his journey from computer programmer to internationally acclaimed artist. EO members are set to glean valuable insights as to how they can carve out their own unique niche.

Visit www.eonetwork.org for more information

Amy Johsnon is the Learning Design Manager at GetSmarter. She is a young, ambitious digital native who is interested in the fields of online education, social media and content marketing. She love big ideas, new media, instructional design and language.

Entrepreneur Today

President Ramaphosa To Address SA’s Biggest Board Meeting, The Directors Event

President Cyril Ramaphosa will be delivering a keynote address at The Directors event on 8 June 2018, at the Sandton Convention Centre.

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President Cyril Ramaphosa will be delivering the keynote address at South Africa’s biggest board meeting, The Directors Event, which will take place at the Sandton Convention Centre on 8 June 2018.  Dr Jabu Mabuza, Chairman of Business Leadership South Africa will deliver this year’s Chairman’s Report.

Now in its fourth year, The Directors Event invites industry leaders to unpack three issues of national importance and discuss solutions in a public forum, moderated by highly-respected media personalities.

Youth employment & entrepreneurship, the use of technology to promote inclusive growth, and our political economy will be hot topics in this year’s highly focussed discussion programme which attracts participation from the country’s most prominent business and government leaders, and an audience of 300 ‘board member’ delegates.

“We are honoured to have President Ramaphosa address this important gathering of some of the top minds in South Africa. We invited him as a response to the call he made during his maiden State of the Nation Address earlier this year, calling on all South Africans, in their small corners, to help develop this country. We believe, strongly, that corporate South Africa has a massive role to play and we are very excited that everyone seems to have accepted the President Ramaphosa’s “Thuma Mina” call,” says Bongani Siqoko, editor of the Sunday Times.

Nontokozo Madonsela, Chief Marketing Officer of MMI, the JSE listed holding company for Momentum, Metropolitan and other financial services providers says, “We are incredibly honoured and excited that President Cyril Ramaphosa will be delivering the keynote address at this year’s Biggest Board Meeting. Over the past few months, we have experienced a wave of change in the country that has brought with it much needed confidence in what we can achieve. As a company with deep roots in South Africa serving a broad spectrum of citizens and businesses, we are heeding the President’s call to lend a hand in addressing our challenges. We are saying #CountUsIn, we want to be there. We believe this platform creates a space where we can have constructive dialogue and come up with concrete solutions that can positively contribute to improving the state our country”.

Related: President Ramaphosa’s Support Of Entrepreneurs And SMEs In SONA Had Us Cheering

President Ramaphosa will be the highest ranking government official to address The Directors Event with his keynote message.  Previous keynote speakers at The Directors Event have included Caroline Galvan (Lead Economist & Editor: Africa Competitiveness Report for the World Economic Forum), and Mcebisi Jonas (Former Deputy Minister of Finance).

Mmamoloko Kubayi-Ngubane, Minister of Science & Technology, and Enoch Godongwana, Chairperson of the ANC sub-committee on Economic Transformation will also be representing the perspectives of Government and the governing party during the round-table discussions at this year’s event.


The Directors Event programme is tailored for corporates, SMEs, educators, and non-profit organisations who are serious about turning South Africa’s socio-economic crisis around.

The Directors Event will take place at the Sandton Convention Centre on 8 June 2018.  To view the 2018 agenda, speaker profiles, or to book tickets: www.thedirectorsevent.co.za 

The Directors Event brought to you by the Sunday Times Top 100 Companies and MMI Holdings Limited, is supported by partners Mancosa (GSB), the Institute of Directors (IoD SA), and Greymatter & Finch.

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Entrepreneur Today

The Start-up Hatchery And Greater Tygerberg Partnership Launch Innovative Pitch Competition For Bellville Solutions

Entrants are required to submit their ideas in a 30-second WhatsApp video to 082 936 7544 before 24 May 2018.

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The Greater Tygerberg Partnership (GTP) and start-up incubator The Startup Hatchery are launching a pitching competition to surface innovative ideas that, when implemented, could lead to the improvement of Bellville in Cape Town’s northern suburbs. The winning idea will receive a package of business incubation, mentorship, business development support, marketing and branding collateral, legal and intellectual property advice and other prizes, including R5 000 cash.

Launching on 14 May 2018, Innovate Bellville 2.0 is open to new businesses that have been operating for six months or less, who are developing new innovative ideas that could improve public transport, create jobs, create inclusive public spaces, address homelessness, improve health and wellbeing, manage waste, facilitate mobility, attract and retain investment and regenerate the Bellville urban centre.

Related: 3 Actionable Insights To Make Your Investment Pitch Perfect

Innovate Bellville 2.0 forms part of the GTP’s living lab approach to the regeneration of the Bellville CBD, says Warren Hewitt, CEO of the GTP: “We want Bellville to be a test-bed for new ideas that can help us to build a vibrant, prosperous, inclusive city region. Innovate Bellville 2.0 falls directly into that approach. We’re looking forward to seeing the ideas that emerge, and seeing the winning idea implemented in a part of our city that stands on the edge of an exciting future.”

“Innovation starts anywhere,” says Tania Cunningham, Chief Digital and Marketing Officer for The Startup Hatchery, “but we were very excited at the prospect of focusing on finding innovative ideas that could bring about real change to a defined geographical area. Innovate Bellville 2.0 will offer the winning business a solid start in life, with a chance to see their idea become a reality in Bellville.”

Entrants are required to submit their ideas in a 30-second WhatsApp video to 082 936 7544 before 24 May 2018. Twenty semi-finalists will be selected from the WhatsApp pitches, who will each receive training and a pitch deck. From that group, a group of eight finalists will then be selected and invited to pitch their ideas to judges during a pitch event on 7 June.

For more information, contact pitchtank@thestartuphatchery.co.za

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Silulo Business Incubation Is Changing The Future Of Entrepreneurs

Silulo Business Incubation is a unique incubation aimed at empowering and assisting upcoming entrepreneurs.

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Silulo Business Incubation

Launched in April 2018, the Silulo Business Incubation is a unique incubation aimed at empowering and assisting upcoming entrepreneurs to grow not only their businesses but also their confidence in the business space. The Incubation offers office space, boardrooms, training and conference rooms as well as eighteen shared office space for entrepreneurs in and around Cape Town.

Founder and Director, Mr Luvuyo Rani says: “We have always had a vision for this type of centre – a one-stop-shop where all entrepreneurial needs are catered for but our problem was always funding. With hard-work and dedication, we were able to make our vision a reality, which is exactly what we want to teach and instil for our entrepreneurs.”

The incubation will also offer networking sessions for aspiring entrepreneurs twice a month for two hours. This idea is to offer business insights as well as networking opportunities for entrepreneurs in and around Cape Town. Entrepreneurs will have the option to become members of the SBI Network where they are able to attend networking sessions of their choice. All networking sessions will cover different topics and training manuals will be offered after each session.

Related: Silulo Ulutho Technologies: Luvuyo Rani

Rani continues:

“The main challenge when it comes to this type of business is infrastructure and funding. Silulo is a pioneer and it can go anywhere, there are no boundaries in business. This is a flagship store. We want to replicate this in every province. Silulo’s success lies in partnerships and our business has a passion for empowering.”

Rani, a former teacher, together with his brother Lonwabo Rani started selling computers from the boot of a car more than ten years ago. Silulo Technologies now has 42 branches in three provinces: the Western Cape, Eastern Cape and Kwa-Zulu Natal and 22 franchise stores, some of which are owned by former Silulo employees.

Director and Co-founder, Lonwabo Rani says: “My brother always tells us to think about the bigger picture. It was that bigger picture that kept us going. Back in 2006, what you see today is exactly how it was when we envisioned it.”

About Silulo:

In 2017 Silulo reached a total of 35 000 students trained since inception. It trained 65 students through MIC SETA in both the Eastern and Western Cape.

Related: 10 Young Entrepreneurs Under 30 Share Their Start-Up Secrets

Rani and his two directors remodelled the business in 2017 by offering a walk in cellphone repair service (including the service of leading brands such as Apple, Samsung and Huawei) at one of the Silulo branches in Khayelitsha.

Rani, who was part of the Team South Africa to attend the World Economic Forum in Davos Switzerland in 2018, has received numerous accolades for his social impact business.

He was also awarded a Schwab Foundation Social Entrepreneur of the Year award in 2016 among his many accolades.

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