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“ I AM MORE ABLE THAN DIS-ABLE ”
ENTREPRENEURSHIP. LEADERSHIP. BUSINESS
BUSINESS TIPS EVERY
SHOULD KNOW
CAREER & LIFELEGAL ADVICE
MOTIVATOR. MENTOR. BUSINESS WOMAN
77 ENTREPRENEUR
Home Grown Edition - Aug 2010
BUSINESS FOCUS
Disclaimer:National Business Xposure and Intellectual Mediaand Communications considers its sources reliableand verifies as much data as possible. NationalBusiness Xposure (EAN 0 606110 895835). However,inaccuracies can occur, consequently readers usingthis information do so at their own risks. NationalBusiness Xposure does not accept responsibility foromissions or errors. the points of view expressed inarticles by attributing writers and/or inadvertisements included in this magazine do notnecessarily represent those of the publisher. Anyresemblance to real persons, living or dead is purelycoincidental. Whilst every effort is made to ensure theaccuracy of the information contained within thismagazine, no legal responsibility will be accepted bythe publishers for loss arising from use of thisinformation published. All rights reserved. No part ofthis publication may be reproduced or stored in aretrievable system in any form or by any meanswithout the prior written consent of the publisher.
PUBLISHING CREDITS
CHIEF EDITORBenito [email protected]
EXPERT CONTRIBUTORSMorgen MoyoIsaac NdhlebeMalethola MatubeJacques LootsElena AgaragimovaRyan Bubear
PICTURESAviwe Media PhotographyCover Photo Credit: Aviwe Media
DESIGNERSJabu Mataboge
LEGALLoots Attorneys
ACCOUNTSIstora [email protected]
DISTRIBUTION Intellectual Media and Communications (Pty) Ltd
PUBLISHED BYIntellectual Media and Communications (Pty) Ltd81 Cassandra AvenueBedworth Park1939
Office : +27 (0)16 985 4095Hotline : +27 (0)81 322 5747
ADVERTISING ENQUIRIESOffice : +27 (0)16 985 4095Email : [email protected]
CEO, Mapule Moloto (Pty) Ltd 04 - 06
Mind Mapping: 7 Tips Every Entrepreneur Should Know 18
We Are Hiring: Are You In Sales, Join Our Team 27
Profile My Business: Connect to Top-Rated Businesses 08
Cars: Volkswagen Unwraps New Atlas Cross Sport 24
Editor s Note 03
Golf & Personal Mastery: What Golf Taught Me About
Building Wealth 11
Legal Tips: FICA: Are You Compliant? 20 - 24
Coaching & Mentoring: Breaking Bad Habits 25 & 26
Mapule Moloto
CEO, Mapule Moloto (Pty) Ltd
COVER INTERVIEW
PAGE 04 - 06
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Benito Mamaile, Chief Editor
Benito Mamaile
FICA : Are You Compliant?
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apule Moloto was born in Sebokeng Zone 10, I was birthed differently from my two siblings, I was born with two
disabilities Epilepsy and Cerebral Palsy, but I overcame one due to grace of God, as today I m no longer suffering from epilepsy anymore.
I underwent a very weird birth, according to the doctor, I did not cry when I was born as other children do. Having the support from my parents, I went to a special school in Soweto for my primary education, unfortunately I did not do well and was forced to come back home. I was very frustrated, I thought God was angry with me .
I learnt to accept my disability, because I have more abilities than disabilities. I carried on with my education moving from one school to another. I left school and focused on handwork school where business idea was natured and embraced. I love cooking and baking despite my situation. I pushed myself harder.
I made peace with my situation and decided to live my life and lead by example and continue to be an inspiration to other disabled people. I started a movement where I visit schools and educate about disabled people.
I am a businesswoman, mentor and a great motivator who desires to build my own legacy in this world and for disabled people. I am humble and a people s person. And I believe that I have been given this life for a purpose.
I have founded Mapule Moloto (Pty) Ltd, the company that I have named after myself.
M
By Benito Mamaile
I learnt to accept my disability, because I
have more abilities than disabilities.
Q&ABenito Mamaile: That s a powerful introduction, this is truly an inspiration to share your life with our readers all across the world.
Mapule Moloto: Thank you very, I m honored as well to be part of such a big publication.
BM: So, have you ever experienced discrimination because of your disability?
MM: Discrimination is all over the world. Getting to a building that is not user friendly for people living with disabilities is discrimination on its own so to answer your question, yes I have experienced discrimination.
BM: Can you tell us about your future goals?
MM: Mapule Moloto the brand is caterer and a motivationalspeaker. It used to sadden me when I see people living withdisabilities being treated badly. And again seeing themhaving to beg to make a living. That s what led me to offerassistance through by motivating and giving them advices.
BM: What motivates you to overcome challenges that youface?
MM: I have a very strong support system. My mother is a verystrong woman, family and friends that I have and my faith inGod.
BM: What is the toughest decision you had to make in thelast few months?
MM: Making a decision to study a course of being a lifecoach after countless months giving it a thought.
BM: Tell us about your biggest achievement?
MM: My biggest achievement was being awarded Young Person with Disability Award in 2014 by the SedibengMunicipality. I am one of the graduates from the Tiger Brands Enterprise Development Programme in 2011. One morething I take pride in, is to have organised events for women with disabilities and mother who have children withdisabilities. That alone, pleases my soul because it was my way to give back to the community.
BM: What are the most useful resources that you would recommend to someone looking to gain a better perspective intobecoming a better entrepreneur?
MM: Respect and maintain a good relationship with your clients. And always invest more time in your business.
BM: Do you have a mentor? If so, what traits are you seeking in a mentor and why?
MM: No, I don't have a mentor I'm looking for one. But I look up to people who are in business especially the ones who gotthe fundamentals right.
Mapule Moloto
BM: Who is a person that you considered as a role model early inyour life? How and why does this person impact your life?
MM: My mother because I'm where and who I am because ofher. She is the one who helped me to stand on my feet. She severything to me.
BM: What are your top 3 short-term goals for Mapule Moloto?
MM: Well, firstly:
• To have my own office• To make a success of my motivational speaking business• To reach a goal that I've set, that is to change the mind set ofmost disabled people.
Remember, we are all put on this Earth for
a specific purpose, and it is up to you to
decide what your purpose in life is and
fulfil it to the best of your ability.
Gauteng Enterprise Propeller Pitching: Sedibeng
BM: What moment are you the most proud of?
MM: Being awarded funding from Gauteng EnterprisePropeller.
BM: What have been some of your failures, and what haveyou learned from them?
MM: Experiencing a shortfall in my catering business. I havenow learn how to use money wisely.
BM: Which book had the biggest impact on your life andhelped you to get where you are?
MM: Is the Bible, the word of God keeps me strong and itgives me all the wisdom that I need in life.
BM: What is your favorite quote?
MM: One of my motivational quote:
As a person with a disability, you should not wait for anopportunity to be written, "People with disabilities". As long asyou meet the requirements, go for it. You have nothing to lose.That way, you are opening new opportunities for your life. Sodon't let your disability or fear control your life. You have all theability in you! Use it! You hold the keys to make your life
BM: What advice can you give to other women who are livingwith disabilities?
MM: Just because you were diagnosed with a specificdisability, don't let it bring you down. Rise above all of yourobstacles. Prove to everyone in your path that people withdisabilities are capable of anything they set their minds to. Wecan do anything anyone else can, just in a different way. Keepa positive mind.
BM: What is the best piece of advice you would give or share?
MM: Do not sit around feeling sorry for yourself or becomemad at God for making you this specific way. Remember, weare all put on this Earth for a specific purpose, and it is up toyou to decide what your purpose in life is and fulfil it to thebest of your ability. We only live once, so we only have oneopportunity to leave a lifelong impression on others who willcome after us.
I leave you with these two final questions: What do you want people to say about you when God calls you to joinhim? What do you want your legacy as a disabled individual to be?
On behalf of National Business Xposure, I’d like to say: Thank you very much for taking the time chatting to us andconnect with our readers all across the globe. We really appreciate the opportunity
Elena Agaragimova
Elena Agaragimova
Agar Consultancy
Career/Performance Consultant – UAE, Dubai
Has your career hit a plateau? Has your job become so
easy and routine that you can do it without thinking? Are
you losing motivation?
If you answered ‘yes’ to any of these questions, it’s time to look
at how to progress your career.
A change is as good as a rest, as the saying goes, and re-
thinking your goals and transitioning to the next phase of your
professional life can rejuvenate you and your work life.
Most of us spend an enormous amount of our adult lives at
work, so don’t underestimate the value of shaking things up
and finding a more rewarding path.
Every journey starts with a small step. In this case, that first
step is setting out a strategic road-map for where you want
your career to go.
If it feels a bit overwhelming, you’re not alone: job seekers
often put a lot of pressure on themselves to figure out their
entire futures all in one go. As a result, we may feel a little
unsure where to start, so we take the easier route and stay
where we are, rather than the tougher task of working out
where we’d rather be going.
A strategic approach to planning your next move can help
make this major decision a lot easier by breaking it down into
smaller and much more achievable objectives.
Starting from square one, the first question to consider is
whether you want to stay with your current employer or
move on. If you are happy with the company you work for
but want to seek new challenges and opportunities, ask
yourself:
• Is there a higher-level role or a different department or
function within the company that you’d like to move into?
Is your CAREER going nowhere FAST?
• Have you talked about your interest in a move or
new challenge with management or human
resources?
• If you want to move to another company or even
another industry, take the time to do some
groundwork before making any decisions:
• Have you researched the types of roles that may
interest you, learned more about who’s hiring, and
updated your CV?
• Do you know anyone in your network who can
share advice or insights into the career that
interests you?
Whether you want to stay with your current employer or
move elsewhere, the next thing to think about is
professional development. Training and professional
certifications, regardless of the field you work in, are
invaluable tools to help you not only land a new job, but
help you excel in it. To that end, ask yourself:
• Would you need a certification or a relevant degree,
or other experience, for the new role?
• Will your current skills/job role still be relevant in the
next 5 to 10 years?
• Is there a professional development program within
your current company, or a professional / industry
association, that you could join?
• Does your company offer scholarships for an MBA
or other professional program that might benefit
your career development and progression?
• Have you attended any recent conferences or
seminars related to your industry? (These can be
fantastic networking opportunities and a way of
staying up-to-date on the issues affecting your
chosen field).
It is never too late to progress your career but you have
to be honest with yourself about where you are now
professionally; where you want to go; and what you
need to do to get there.
Understand your skills and experience, and how you
can use them in your career progression. Use your
network and friends to listen and learn, and then to get
the word out.
Make a start today!
. .
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Per-Trade 119 cc is a growing enterprise that trades in all aspects from supplying goods &
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Overview of Our Service: Industrial Cleaning Services, Transport, Plant & Equipment Hire, Tank
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Ramza Communications, is home to a team of creative, dynamic and highly skilled consultants.
Founded in 2017 by MD Ramaja Setale, we now employ passionate individuals from diverse
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our clients
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Iketsetse Bo Ka Moso Bakker Group’s core business is designing, manufacturing and distributing springs and related products worldwide. All of our products are produced with the greatest care and
are of the highest quality. There are many sizing possibilities. We also offer maintenance for all our
products, such as chroming, powder coating, nickel plating, to name the few. Various packaging
options are available.
Our range of products are more focused on these markets/ industries
Agriculture, Machinery, Hydraulic Systems, Filter Systems, Mechanical Engineering, Furniture,
Household Appliances, Game Sports Equipment.
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Our Construction Management (CM) team is closely involved in
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The core business model of Gamont Housing SA is the servicing
and building of low cost Housing within South Africa. Since 2004
Gamont Housing SA has completed in excess 100 000 units in the
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Gamont Housing SA has experience in the following areas of
Housing Development.
Peoples Housing Projects
Essential construction services
RDP housing Developments
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A multi-award winning and highly certified company Since its inception Gamont Housing SA has been awarded numerous awards of excellence.
Best Developer in Gauteng in 2008
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Govan Mbeki Awards - Best Informal Settlement upgrading Project in 2016
SA Construction Awards - Employer of the Year in 2016
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Founder, Progressive Women In Golf
Malethola Matube
Progressive Women In Golf
@pwingolf
pwingolf
www.pwingolf.co.za
3. YOU MUST TAKE RISK AND MAKE CORRECTIONS.
Like golf, building your wealth, a career or business requiresstrategically taking calculated risk to reach your full potential.Playing it safe rarely produces victory, matter of fact playing it closeto the cuff will only keep you stuck and frustrated withoutexperiencing growth. I realize it s easy to get into trouble quickly butthat s part of the game.
One bad shot in the water or out of bounds can be disastrous. Onepoor career or business deal can be equally devastating. Sure, itmay not destroy you but it can come close if you don t handle themistake(s) quickly and properly. The key is to learn from everysituation and make the necessary adjustments to not just keep youon track but ultimately grow.
4. GET A COACH.
If I was smart about my attempt to master the game, instead ofgetting upset and wanting to quit after the first nine holes I shouldhave been more realistic and realized that I needed a little help. Thebest golfers in the world have coaches. Even if they are at the top oftheir game they realize there s always room for improvement.
You and I should consider doing the same. Having someone to keepyou accountable and help you around the blind spots are essential.I m not just referring to casual advice from a friend, family memberor stranger. I'm talking about turning to a mentor or maven so theycan provide the expertise and oversight to help you obtain successmuch faster than doing it on your own. Hiring a good coach willultimately save you time and resources along your journey.
IN MY QUEST
I must admit that in my attempt to master the game I ended up verysore, frustrated, tired and humbled. But I also realized that theexperience was incredibly similar to life.
So in my humble opinion if you want to become good at golf – oranything else – it s essential that you learn the importance ofplanning, patience, practice and partnerships because if you don tyou ll spend the majority of your time playing in the sand as youcontemplate throwing in the towel.
A couple of years ago I made up my mind to really get good at golf.That lasted about two weeks. But in my frustrations I did learn a lot,not in the game of golf but in the game of life.
While golf and building your career or business might seem likedisconnected activities they actually share many similarities.
Here are four takeaways I learned from my attempt to master thegame:
1.THE BIGGEST PART OF IT IS MENTAL.
Here s the honest truth, when I started my initial journey withlearning the game of golf I was done after nine holes. But itwasn t because of my physical limitations (although my skillswere not that good) but it was because of my mind-set. I d quitin my head way before I ever quit on the course. To besuccessful in anything in life it s important to first control yourthoughts.
Emotions can force you to make poor decisions and thatultimately will lead to failure. Most of us have made at least oneterrible business, career or financial decision due to emotionsbut the more you control the mental game the better you setyourself up for success.
2. DON T BE SATISFIED WITH SHORT TERM SUCCESS.
Golf can really mess with your psyche. One moment you re ontop of the world celebrating a great shot then on the next holeyou re ready to break your nine iron in half. The same can applyto your life – it ebbs and flows. That s why you must guardagainst getting complacent with short-term successes and notjust assume it s an indicator of your long-term results.
Sure we all want small victories along the way and I think theyare essential but if not handled correctly they can often workagainst you and can make you too comfortable. Building yoursuccess requires that you celebrate small victories whileconstantly grinding and honing your skill to get better.
What Golf Taught Me About BuildingSource: Shawn Dorrough – The Wealth Shift Strategist Category: Grow Your Business July 28, 2015
Cheyenne WoodsAmerican Golfer
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ARE your MONEY Beliefs
Limiting You ?
INTRODUCTION
Today I thought of looking at the side of money which I believe
most of us do not normally consciously think about. What does
money really mean to you?
I find it fascinating to hear people talking about money and yet
their behaviour towards it seems contrary to their beliefs about
it. A lot of us spend countless hours at work adding overtime
wherever possible with the expectation of improving our pay
packets at the end of the month.
On the same vein others have no family or social life as they
pursue further studies with the hope that this will not only help
their social standing but improve their financial position in
future.
ECONOMIC MEANING OF MONEY
From my years in an economics class, the issue of money
featured. You get to know that money is a medium or basic unit
of exchange. So instead of doing barter trade money steps in
and makes life easier as you transact. Its divisibility and how
good it is to trade across locations.
In a market system money is primarily used as a medium of
exchange. Money is a standard good that everyone will accept
in exchange for goods and services. Philip Mohr
From an economics perspective, we can expand the subject to
bring in the differences of money and income. But the private
meaning of money tends not differentiate the two and money
becomes a default for both.
But as time moves and technologies advance money is also
evolving from what was then, to the present and future money.
The now money turning into more than plastic money to just
figures on computer screens and hand held devices. As a
matter of fact as if to digress every minute of the day real
money is now moving into virtual currencies and yet a lot of
people still have to get their heads around this virtual currency!
Possibly in the near future we will all embrace these changes
as the future money in the form of digital and crypto
currencies take hold of us. Some among us may find it hard
to remember when last they held a monetary note in their
hands.
So, in way the more zeroes on your account, the better and
you may thus access various services and goods at your
pleasure. The real question is how you get those extra
zeroes on your account and your belief about the morality of
that endeavor.
MONEY IS THE ROOT OF ALL EVIL
1 Tim 6:10
People normally say this or should I say misquote it. The
closest to this saying is the Bible quotation which goes as
follows; For the love of money is the root of all evil; which
while some coveted after, they have erred from the faith, and
pierced themselves through with many sorrows. King
James Version
Debates an rage around this but that is not my point. If you
believe the circular view that money is the root of all evil, that
belief will sabotage your relationship with money. You may
thus abhor it and yet discover that you need it on a daily
basis.
From simple life sustenance to issues of health, education,
housing and let alone old age support. It is when you
consider the value of money or the need of money in such
instances that you may appreciate and embrace the real
need of money in our lives.
Unless and until you interrogate this belief about money you
will always be conflicted. Your actions when it comes to
money will not be in line with your beliefs and you are likely
not to achieve financial break throughs on money matters.
Just a simple fact that you have a sizable amount to your
name will haunt you.
By Morgen Moyo
There are some among us who believe that they are more
spiritually grounded than those with money. This is
obviously a personal matter and in no way am I saying they
are wrong but merely pointing out that you will need to
establish your belief system and live by it. But if you say one
thing and do the opposite then you are conflicted.
At times due to our beliefs, we take the view that anyone
who is wealthy is corrupt or got the wealth through
inappropriate ways. For this reason one may not want to
entertain any views about growing wealth for fear of being
labeled as such.
THE SUBJECT OF MONEY IS COMPLEX
Wealth is the product of man’s capacity to think Ayn Rand
The view about the complexity of money is one of our self-
limiting beliefs. Almost everything in life is at first difficult
and as we master it, it becomes easy. A new cell-phone can
be intimidating at first but after a little while all fear vanishes
and you able to navigate your way.
A lot of people do not understand how money is grown and
what checks and balances need to be incorporated. The
world of investments equally being most feared due to this
perceived complexity. For this reason a lot of people seek
out the experts and hand over all their financial matters to
them.
I have no issues about the experts but I believe that you
can do so much more on your own provided you take the
initiative to learn and put into practice the art of making
money be it through a business venture or investments.
MONEY IS A SCARCE RESOURCE
This is yet another limiting belief. If you strongly believe thatmoney is a scarce resource why should you even try? Manyamong us believing this to be true have resigned to fate andwill not bother about learning or finding ways to improvetheir financial condition.
There is a lot that one can do, read biographies of some ofthe business icons and apply the lessons learned. There isso much information out there and there is really no excusefor one who says they do not know what to do.
You may equally opt for a mentor to guide you on yourfinancial or investment matters.
CONCLUSION
The subject of money will always feature as long ashumanity exists. Love it, hate it, be indifferent and yetwithout it your life is likely to be difficult. And yet money onits own is worthless, just pieces of paper. Similarly we will besaying the same of virtual currencies, just series ofcomputer codes.
But as we step out and interrogate our belief systems aboutmoney we can discover a different world and with it we canimpact the world.
Besides seeking knowledge about money or investing thegreatest blocks that you need to remove are some of theabove mentioned self limiting beliefs regarding money. Butonce your belief systems are in line with your monetarygoals only then will you be able to move forward. It is thesebeliefs that control our behavior when it comes to moneyissues.
You may wish to consider the following action plans withoutdelay;
• Put aside 10% towards your savings or investmentvehicle
• Review your belief systems regarding money and if needbe take a new position
• Invest in a book, seminar, financial coach/mentor
• Create a budget and follow it to the latter
• Cut off unnecessary expenditure and focus on growingyour savings and investments.
SOURCE: SMME NEWS
https://www.smmenews.co.za
“Ultimately, the growth of our economy will be
sustained by small businesses, as is the case in many
countries. It is our shared responsibility to grow this
vital sector of the economy. We will work with our
social partners to build a small business support
ecosystem that assists, nourishes and promotes
entrepreneurs” said Ramaphosa before adding that the
government will honour its undertaking to set aside at
least 30 percent of public procurement to SMMEs,
cooperatives and township and rural enterprises.
“We will continue to invest in small business
incubation. We encourage business to do the same.
The establishment through the CEOs Initiative of a
small business fund – which currently stands at R1.5
billion – is an outstanding example of the role that the
private sector can play. Government is finalising a
small business and innovation fund targeted at start-
ups”
The president also vowed to reduce the regulatory
barriers for small businesses. Over the years the
progress of small businesses has been hindered by
regulations when trying to venture into other business
spheres or access funding.
“We will reduce the regulatory barriers for small
businesses. We are also working to expand economic
opportunities for people with disabilities. Among other
things, the Small Enterprise Finance Agency – SEFA –has launched a scheme to develop and fund
entrepreneurs with disabilities called the Amavulandlela
Funding Scheme” further said Ramaphosa.
The president also cited that the process of
industrialisation must be underpinned by transformation.
“Through measures like preferential procurement and the
black industrialists programme, we are developing a new
generation of black and women producers that are able
to build enterprises of significant scale and capability. We
will improve our capacity to support black professionals,
deal decisively with companies that resist transformation,
use competition policy to open markets up to new black
entrants, and invest in the development of businesses in
townships and rural areas.”
South African president Cyril Ramaphosa during the
State of the Nation Address
South Africa’s newly sworn president Cyril Ramaphosa delivered his first State of the Nation Address in
Parliament where he emphasised on the importance of SMMEs in the growth of our economy.
Ramaphosa previously served as the Deputy President of the country and recently took over as president
following the resignation of Jacob Zuma.
In his address Ramaphosa lauded the work put in by small business owners and further stated that the
government will intervene in ensuring that small businesses continue to thrive.
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The biggest problem founders and small business owners have is
that they are experts in their field and novices in what it really takes
to effectively run a business.
Don’t let that happen to you, just admit that you don’t know what you don’tknow about business. Here are some tips
1. LISTEN TO YOUR CUSTOMERS
It boggles my mind how little most entrepreneurs value their customers
when, not only are their feedback and input among the most critical
information they will ever learn, but their repeat business is the easiest
business to get.
2. TAKE CARE OF YOUR STARS
This goes for every company, big and small. The cost of losing a star
employee is enormous, yet business leaders rarely take the time to ensure
their top performers are properly motivated, challenged, and
compensated.
3. ALWAYS HAVE ENOUGH CASH
Period. The most common business-failure mode, hands down, is running
out of cash. If you know you have got a cash flow or liquidity problem
coming up, fix it now..
4. LEARN TO MAKE DECISIONS
The two most important words business owners and founders have at their
disposal are “yes” and “no.” Learn to say them a lot. And that means being
decisive. The most important reason to focus – to be clear on what your
company does – is to be clear on all the things it doesn’t do.
5. PLAY AROUND WITH TRANSPARENCY
Transparency is as detrimental at some times as it is beneficial at others.
There are times to share openly and times to zip it. You need to know
when and with whom to do one versus the other. It comes with experience.
6. TRUST YOUR INSTINCTS
Your own instincts are an extremely valuable decision-
making tool. Too often we end up saying in retrospect and
with regret, “Damn, I knew that was a bad idea.” But the key is to know how to access your instincts. Just sit, be
quiet, and listen to yourself.
7. KNOW YOUR FINANCES INSIDE AND OUT.
If you don’t know your revenues, expenses, capital requirements, profits (gross and net), debt, cash flow, and
effective tax rate – among other things – you are asking for
trouble. Big trouble.
FICA
The Financial Intelligence Centre Act (FIC Act) together with the Prevention of Organized Crime Act aims to prevent moneylaundering in South Africa by placing an obligation on certain businesses to ensure that proper records are kept offinancial transactions.
The FIC Act is designed to enable authorities to better understand the movement of money in order to reveal unlawfulactivities. The Act, however, do not only affect to transgressors of the Act, but also companies involved in or entering intoa business relationship with transgressors.
The FIC Act identifies business sectors which are vulnerable to money laundering and terror financing and requires them toregister as accountable institutions.Some of the businesses that are required to register are:
SCHEDULE 1 - ACCOUNTABLE INSTITUTIONS
1. A practitioner who practices as defined in section 1 of the Attorneys Act, 1979 (Act 53 of 1979).
2. A board of executors or a trust company or any other person that invests, keeps in safe custody, controls or
administers trust property within the meaning of the Trust Property Control Act, 1988 (Act 57 of 1988).
3. An estate agent as defined in the Estate Agency Affairs Act, 1976 (Act 112 of 1976).
4. An authorised user of an exchange as defined in the Securities Service Act, 2004 (Act 36 of 2004).
5. A manager registered in terms of the Collective Investment Schemes Control Act, 2002 (Act 45 of 2002), but excludes
managers who only conduct business in Part VI of the Collective Investment Schemes Control Act (Act 45 of 2002).
6. A person who carries on the business of a bank as defined in the Banks Act, 1990 (Act 94 of 1990)
7. A mutual bank as defined in the Mutual Banks Act, 1993 (Act 124 of 1993)
8. A person who carries on a long-term insurance business as defined in the Long-Term Insurance Act, 1998 (Act 52 of
1998).
9. A person who carries on the business of making available a gambling activity as contemplated in section 3 of the
National Gambling Act, 2004 (Act 7 of 2004) in respect of which a license is required to be issued by the National
Gambling Board or a provincial licensing authority.
10. A person who carries on the business of dealing in foreign exchange.
11. A person who carries on the business of lending money against the security of securities
12. A person who carries on the business of a financial services provider requiring authorisation in terms of the Financial
Advisory and Intermediary Services Act, 2002 (Act 37 of 2002), to provide advice and intermediary services in respect
of the investment of any financial product (but excluding a short term insurance contract or policy referred to in the
Short-term Insurance Act, 1998 (Act 53 of 1998) and a health service benefit provided by a medical scheme as
defined in section 1(1) of the Medical Schemes Act, 1998 (Act 131 of 1998).
13. A person who issues, sells or redeems travellers cheques, money orders or similar instruments.
14. A person who carries on the business of a money remitter.
Loots Attorneys
By Jacques Loots
An Admitted Attorney
ARE YOU COMPLIANT?
231 General Hertzog Road, Three Rivers082 441 7150
SCHEDULE 3 – REPORTING INSTITUTIONS
The FIC Act identifies business sectors which are vulnerable to money laundering and terror financing. Two sectors are
monitored and supervised by the FIC – they are known as reporting institutions.
Schedule 3 lists two types of reporting institutions:
1. A person who carries on the business of dealing in motor vehicles.
2. A person who carries on the business of dealing in Krugerrands.
If your business falls within the ambit of any of the descriptions listed in the schedules it is imperative that you register
with the FIC in order to prevent being found guilty of an offence in terms of the FIC Act of which the consequences can be
a Maximum period of 15 years imprisonment or a fine of R 10 000 000.00. Yes that is 10 Million Rand and as you can see
this is a serious offence and should you be found guilty it could mean the end of your business.
ONCE REGISTERED YOU WILL HAVE THE FOLLOWING DUTIES:
1. To Identify your clients (also known as know your client)
2. Keep record of business relationship and transactions for a period of 5 years
3. Reporting of suspicious transactions or activities
4. Reporting of large cash transactions (R 25 000 and above) within 2 days
Accountable institutions are obliged to develop, document, implement and maintain a Risk Management and Compliance
Program, which sets out the FICA compliance obligations of the business and its procedures for ensuring that these
obligations are met. It is the responsibility of accountable institutions to comply with the above to ensure a safer future
for all South Africans in which the financial system has integrity and transparency to support economic growth and social
development.
Remember that it is never a good idea to expose yourself or your business in order to protect the suspicious activities of a
client. Contact Loots Attorneys today for comprehensive advice on all matters relating to the FIC Act.
By Ryan Bubear
Source: http://www.carmag.co.za
Volkswagen has unveiled its new Atlas Cross Sport conceptat the New York International Auto Show, billing the showcar as a near-production model with a coupé-like profile.
The new Atlas Cross Sport concept is essentially a five-seatversion of the standard, MQB-based seven-seater Atlas. Theproduction version is scheduled to be launched in the UnitedStates in 2019, and will be built alongside the Atlas andPassat in Chattanooga, Tennessee.
The concept vehicle measures 4 846 mm long, 1 735 mmtall and 2 029 mm wide. The grille features two bars insteadof the three on the seven-seater Atlas, while the grillecrossbars themselves are illuminated, doubling as LEDdaytime running lights. The show car runs on 22-inch alloyswrapped in 285/40 tyres.
Inside, you ll find a 10,1-inch touchscreen with proximitysensors and gesture control, along with a 12,3-inch digitalcockpit (with a resolution of 1 440 x 540 pixels).
The six-speed DSG transmission has shift-by-wirefunctionality, while the 4Motion Active Control offers on-road, off-road, sport and snow driving profiles. Volkswagensays the concept s MQB platform means it can be built withall manner of drive systems , including a plug-in hybrid
powertrain.
The Atlas Cross Sport concept uses the same 3,6-litre V6engine as the Atlas, but boosted by two electric motors.Energy for the motors is supplied by an 18,0 kWh lithium-ionbattery housed in the centre tunnel. The drive system s totalpower amounts to 265 kW, which VW says should beenough for a circa-5,5-second sprint to 100 km/h.
Ryan has spent most of his career in online media, writing
about everything from sport to politics and other forms of
crime. But his true passion – reignited by a 1971 Austin
Mini Mk3 still tucked lifeless in a dark corner of his garage – is of the automotive variety.
THE DRIVE SYSTEM’S TOTAL POWER AMOUNTS TO 265 KW
Volkswagen adds that the Atlas Cross Sport concept could also feature a mild hybrid powertrain. Using the same V6 engine and electricmotors, but with a smaller 2,0 kWh battery, the mild hybrid version would produce around 230 kW.
By Isaac Ndhlebe
BAD HABITS.
Whether it’s a perpetual piling up of clothes
in the corner you’re waiting to someday
turn into gold, a self-proclaimed disability
which renders you a liability than a tool of
good use. If someone else is continually
left to pick up your mess, then now’s the
time to extinguish these habits before they
turn into next year’s resolutions!
WHY?
1. IT’S NOT FAIR TO OTHERS
One of the great universal laws ruling our
wonderful planet says that you get back what
you put out there.
Coach & Mentor
What are your bad habits?
Smoking? Talking too much? Drinking? Untidiness? We’ve all got them. Within this article are
5 simple reasons for breaking a bad habit.
If it ain’t good, break it, and if it won’t break, then bend it
Want others to be kind and considerate to you?
Then start putting the considerate, kind vibes out there and pick up your clothes, your dishes, and stop interrupting or whatever it is
you or a collective “others” define as a bad habit.
2. IT’S NOT FAIR TO YOU
I’m sure you’re a nice person, and you pride yourself on having generous, warm-hearted traits.
So, it’s not fair to you either that this simple, little, annoying thing you do can wield the power that it now, or will soon have.
These tiny culprits have been known to ruin marriages, business partnerships, and other relationships, and cause the downfall of
many a mighty person.
Plus you’ll feel better about yourself.
3. YOUR SUCCESS DEPENDS ON IT
Bad habits have a funny way of scope and context creep.
First they only happen in certain situations, and the next thing you know, you’re at a business function swirling your fingers through
‘the chip dip’! Put an end to it now before situations that require your utmost polish become tarnished by these terribly annoying little
critters.
4. YOU PROBABLY DON’T LIKE IT WHEN OTHERS DO THE SAME THING
Think about it. If someone did the same thing to you, would it bother you?
BE HONEST.
Sometimes all it takes is a simple exercise in empathy to find
the motivation to quit whatever it is we could benefit from
stopping.
5. LIST YOUR OWN REASONS
But be sincere.
What is it costing you to perpetuate these habits?
Whether it’s a moment of peace, seemingly perpetual
nagging, or simple anxiety resulting from anticipation of the
next blow-up or negative comment, you owe it to yourself to
commit to your ongoing personal development, and to the
elimination of any behavior whose costs far outweigh the
benefits.
So how does one begin?
Just like breaking a smoking habit, bad habits have a way of
creeping up on us and slowly over time becoming somewhat
akin to an addiction — i.e. they’re hard to get rid of.
Here are some tips for breaking these bad habits:
Start small: While it might not be reasonable to expect that
you can just stop whatever you’re doing overnight, identify
what might constitute as a small step in the right direction.
Write down what that step is and carry it out over the next 21
days.
Fore example, if you are smoking 40 a day, cut that down to 20 for the next 21 days.
Make that behavior a habit before you cut that down to 15 for the next 21 days and then 10 and so on.
Commit: Promise yourself you’ll make this shift, and if reinforcement and punishment works—use it!
Figure out how you might reward yourself for making the change. Or, figure how you might penalize yourself if you don’t.
For example, in our smoking example. Put the money you would have spent on the cigarettes in a jar and at the end of the 21
days add it all up and buy yourself a treat for example.
From cutting down to 20 smokes a day from 40 smokes a day, over a 21-day period at R16.00 a packet that will save you
R320.00 in just 3 weeks!
Also, write two lists, one, of the reasons why you are doing this, and two, a list of the things that you will miss out on if you keep
on doing your bad habit.
Identify alternatives: What are some alternatives to the behavior you are demonstrating?
Is there a quick fix or solution that might help provide an alternative — e.g. put a laundry basket by the bedside (one to match
with the décor) so that you don’t end up with a pile on the floor.
Get help: Ask someone to help keep you accountable.
If they’ve been victims of this bad habit, they’ll most likely be thrilled you asked!
Ask for feedback: Because human nature dictates that we will only complain when you offend, rather than amend, ask
for feedback frequently.
Don’t assume, no news is good news, but be sure to get praise when praise is due.
Good luck!
What we provide
• Full in-house product training
Responsibilities
• Present, promote and sell products/services using solid arguments to prospective customers
• Perform cost-benefit and needs analysis of existing/potential customers to meet their needs
• Establish, develop and maintain positive business and customer relationships
• Reach out to customer leads through cold calling
• Expedite the resolution of customer problems and complaints to maximize satisfaction
• Achieve agreed upon sales targets and outcomes within schedule
• Analyze the territory/market’s potential, track sales and status reports• Supply management with reports on customer needs, problems, interests and potential for new products.
• Keep abreast of best practices and promotional trends
• Continuously improve through feedback
Requirements
• Proven work experience as a Sales Representative
• Familiar with CRM practices along with ability to build productive business professional relationships
• Highly motivated and target driven with a proven track record in sales
• Excellent selling, communication and negotiation skills
• Prioritizing, time management and organizational skills
• Ability to create and deliver presentations tailored to the audience needs
• Relationship management skills and openness to feedback
Successful applicants must have the following:
• Completed Matric or equivalent
• Relevant qualifications in sales will be essential
• Minimum 2 years work experience
• Fully bilingual in English and Afrikaans
• Clear criminal record
• Own car will be essential as well
Send your CV to [email protected] or fax to 086 597 9601
WE RE LOOKING FOR RESULTS-DRIVEN SALES AGENTS IN EACH PROVINCE
BRILLIANT COMMISSION, WE GIVE YOU UNCAPPED EARNING POTENTIAL. BONUSES WHEN EXCEEDING TARGETS
• Business Registration
• Company Amendments
• Trademarks Registrations
• Taxation Advisory & Accounting Services
• Business Branding
• Graphic Design
• Website Development
www.idealbusiness.co.za
91 Woburn Avenues Benoni 1501, Gauteng
Cnr. William Nicol Drive & Leslie Avenue Gauteng
011 420 0816 | [email protected]
