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June 2014-Volume 4 Edition 9 www.yourmoneyec.co.za

Vox pop with Youth on Entrepreneurship

Read more on Page 4

Entrepreneur of the Month: Sesakho Zininzi Mveku

Read more on Page 7

ECSBN Expo and NMB Investment Seminar - all the action!Read more on 1

www.yourmoneyec.co.za

South African Rand (ZAR) Exchange Rates

Petrol Price expected to drop between 14c and 20c a litre, after a drop of 15c a litre in May. The Automobile Association of SA said that it is the combination of a more favourable rand exchange rate and stable international petroleum prices that could result in the petrol price drop in June.

USD EUR GBP JPY

1 ZAR = 0.09518 0.06988 0.05677 9.69484Inverse: 10.5061 14.30959 17.61586 0.10315

New Ministry for Small Business Development

In recognising the crucial role played by small businesses in economic development and transformation, a new ministry of small business development has been added to the cabinet.

Lindiwe Zulu, who has served as Zuma’s international relations advisor, has been appointed as the first minister of small business development, with Elizabeth Thabethe as the deputy minister. Zulu is an accomplished leader, having been, among other roles, the chief director of the Western Cape and Central Africa’s Department of Foreign Affairs.

The creation of this ministry is one way that the government is executing its promise, made during Zuma’s inauguration, to make economic transformation take “centre stage”.

By Esethu Numa

Although the ministry of small business development is new, the sector itself is not new and a considerable amount of work has already been done on it. Some of the challenges identified in the sector by Zulu include skills development, access to finance and the capacity to run a business, which she plans to do further work on.

Photo by Mohao Mofokeng, Gallo

2 YOUR MONEY - YOUR BUSINESS


June 2014 - Volume 4 Edition 9

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Disclaimer:Your Money is a monthly publication distributed throughout the Nelson Mandela-bay metro and Jeffrey’s bay regions. It is an independent community newspaper that aims to inform the public about their financial needs. The publication will not be held responsible for the information herein or the accuracy thereof or for any consequences arising there from. We reserve the right to edit content where we see fit. The views and opinions expressed in the publication are not necessarily those of the editor, publisher or the publication.

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Contact Details:[email protected]@yourmoneyec.co.zaCell: 074 582 0319

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Creative Business Ideas for Aspiring Entrepreneurs

1. Healthy snacks for office workers2. Virtual farmers market3. A vegetarian butcher4. Internet discount websites5. Art for rent6. Car-sharing services, to provide a cheaper alternative to traditional car rental companies7. Business café 8. Sports coaching9. Cruise ship travel agent10. Used CD shop11. Second-hand clothing store12. Framed movie posters13. Small-spaces Landscaping14. Proofreader15. Health-care newspaper

16. Food delivery for infrastructure/construction workers17. Used furniture store18. House painting19. Revamp old Computers20. Start a blog about companies/services/products ect.21. Online Accounting Services22. Revamping old Business ideas, such as Direct Selling of products.23. Taking fashion stores on Tour.24. Rent out your fabulous wardrobe.25. Rent out your car while you not using it.

Source: www.businessowl.co.za

Upon realising the essence and importance of entrepreneurship, you might begin to consider starting something of your own.

Here are some creative and interesting ideas to give you a starting point if you have trouble thinking of a business idea.

Financial Jargon• Collateral. An asset/security which is pledged to support/secure a loan — e.g., a collateral mortgage on a house, or a pledge of a bond, taken as security by a bank to support a term or operating loan.

• Daylight loan. A loan that exists for less than one working day. Such loans are often used to complete a series of legal transactions which must take place consecutively.

• Debenture. A formal written obligation of a company to pay a specified amount on a certain date(s). They are normally registered and are frequently secured by one or more assets, but not usually in first

position. (See “Fixed charge/ floating charge.”) A debenture usually contains negative covenants (what you may not do — e.g., allow your current ratio to fall below 1:1) and positive covenants (what you must do, such as pay interest when due). Failure to meet a covenant gives the debenture holder the right to certain remedies (e.g., call the loan, put in a receiver, etc.).

• Goodwill. Theoretically, the value of customer lists, trade reputation, etc., which is assumed to go with a company and its name, particularly when trying to arrive at the sale price for a company. In accounting terms, it is the amount a purchaser pays over the book value.

• Gross margin/profit. Profit after deduction of all costs of material, labor and factory overhead, but before selling and administrative costs. “Gross margin” is “gross profit” expressed as a percentage of sales. Source:Making sense of financial terms and jargon• Understanding the language of business, finance and accounting • Using business ratiosBusiness Coach Series (BMO)

Starting up? Where to start with your brand…

It is said that your brand is the identity of your company. And while that is true, there is more to it than meets the eye.

Your brand is as unique as you are. When you start thinking about your business, your brand idea can determine various factors in the business. Your brand idea is really a description of what your company stands for, how does people perceive it your company? Julie Cottineau of Brand Twist said, “A Brand Idea is a succinct and motivating summary of what your brand stands for.

It should be inspirational (maybe even a bit lofty) and should help guide every single decision you make in developing and managing your business.” Your brand development then has a foundation, because every thought, idea and vision for the brand leads to the question, “Does it fit in

By Leanne Bennett

with my brand idea?” Does your logo, your corporate identity fit in with your brand idea?

How does this help you?Your business starts off with the right building blocks because your identity is already defined, and this can give you an immense amount of vision and direction. Determining your target market becomes that much easier, because you know who you are. You can attract the right investors, the right customers, and potentially the right employees, all leading to the growth of your business.

So do it! Even if your business is not in the start-up phase, write your brand idea down. If your brand needs to change, go for it! At the Graphic Vine we would love to be a part of developing your brand idea into a visual identity. Call us!

3YOUR BUSINESS - YOUR MONEYJune 2014 - Volume 4 Edition 9

www.yourmoneyec.co.za75540 VC R2 ENGLISH.indd 1 2014/05/05 4:50 PM

Focus on BrandingThe question to why the top companies in the world are where they are today, will take you to one key cause - branding.

In the words of one of Nelson Mandela Bay’s most respected entrepreneurs, Ed Gutshe, ‘People remember your brand and that’s the bottom-line’. This is because a brand goes beyond and deeper than the logo. It is what comes to mind every time people have an encounter with the brand; from what they see, feel, hear, touch or even smell, and this all builds on the reputation of the business.What is imperative to be aware of is that, it is the way people interact with and perceive your business that will influence their behaviour towards it. Branding also helps you build relationships with your various stakeholders through various aspects of the brand which manifest themselves in “brand experience” components such as the store layout, social media pages, customer service policies and website, to mention a few.

A solid branding strategy is one way to build an authentic and successful brand, by building on the strengths of the brand and addressing weaknesses. This is a tool that can be used by businesses of varying sizes and industries. What is important in developing a business strategy

By Esethu Numa

is bringing together the values, personality and essence of your business in a way that will differentiate you from your competition. It is the entire brand experience that will ultimately grow your clientele and contribute to the overall success of your business.

A few tips on building an authentic brand:Have a clear Unique Selling Proposition (USP). This is the differentiating aspect of your brand. In other words, what your brand offers that other brands don’t.

Make sure that the brand is in tune with the company goals and objectives.

Create a brand that resonates with both your internal and external stakeholders.

Be proactive. Always pay attention to your customers and create new ways to meet their needs.

Be ethical by making sure that what you communicate with your stakeholders is truthful and that they are not harmed by your product or service. “What you’re supposed to do when

you don’t like a thing is change it. If you can’t change it, change the way you think about it. Don’t complain.” - Maya Angelou

4 YOUR MONEY



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The Absa Your Money Novice Entrepreneur Competition is Almost Here

The competition that prides itself on the contribution it makes to the state of unemployment in the country is almost here. The Absa Your money Novice Entrepreneur Competition 2015 is just a few weeks away and the number of applicants is growing every day.

It is important that young people are aware of the realities in the country. South Africa still has one of the highest unemployment rates in the world and young people need to recognise that unless you find and use the right opportunities to create employment for yourself, sustenance is not guaranteed.

Through the competition, last year’s runner-up, Zanele Diniso, was able to get her domestic placement company, Periwinkle Home Executives, off the ground. The money she received as a finalist assisted her with transport expenses and buying stock for her business. In encouraging young,

By Esethu Numa

aspiring entrepreneurs to take part in the competition, Zanele says, “Believe in your concept first before selling it to other people, and understand that being a participant doesn’t mean things will go smooth but you must believe things will come together. So just believe in your business and in yourself.”

You may have a talent or skill that no one else has and you could use that skill or talent to create a better life for yourself. To take part in the competition, all you need is an idea, drive and determination.

This year, the competition is bigger and better, with more to learn. So why not take the opportunity to be inspired to think outside the box and broaden your mind?

To attend the workshop and take part in the competition, send your name and cell number to 0745820319 or email [email protected].

South Arica’s Youth on Entrepreneurship

Nyameka Qikwa, 22What do you think entrepreneurship means?Entrepreneurship is offering a service or product to people who require that service or product. So it’s important that you identify what people are lacking and how your product will improve their lives

Which businessmen/women do you admire?Richard Branson

What business would you like to own one day?I would like to co-own a pathology lab one day

By Esethu Numa

Lisa Greyling, 22What do you think entrepreneurship means?I think it means to start your own business, to sell a product and make money - buying and selling.

Which businessmen/women do you admire?Raymond Ackerman

What business would you like to own one day?A clothing store

Sive Mngcele, 22What do you think entrepreneurship means?Entrepreneurship is a philosophy, a lifestyle accessible only to those brave or crazy enough to challenge the status quo and dare to propel the human race forward.

Which businessmen/women do you admire?Steve Jobs

What business would you like to own one day?Sustainable and Renewable Energy Multinational Company

Yolanda Jonas, 23What do you think entrepreneurship means?I think it’s a process of starting a new business

Which businessmen/women do you admire?Mrs L. Ngozwana, owner of a health shop, catering company and private school in Butterworth.

What business would you like to own one day?I would like 2 get into Property

Sinesipho Mbandazayo, 21What do you think entrepreneurship means?Entrepreneurship means being able to identify the need for a particular business venture. And being patient enough to start that business from nothing and making it something.

Which businessmen/women do you admire?Patrice MotsepeWhat business would you like to own one day?A fast food franchise like KFC because it’s one of the biggest money makers and owning a franchise wouldn’t be like starting from scratch cause the brand sells itself

Vuyo Yoba, 23What do you think entrepreneurship means?Making money off an idea you want, in order to live

Which businessmen/women do you admire?I think my Uncle Bongani. In his 40’s and he looks like he’s in his late 20’s. He’s into property amongst other stuff, but it’s how well rounded he is -master’s degree, socially, his way of thinking and respect for peopleWhat business would you like to own one day?A conglomerate, housing more than one industry. I would rather not dwell too much on that because it’s my own goal

Jayd Horrmann, 22What do you think entrepreneurship means?It is managing and running a business and being able to do business with others.

Which businessmen/women do you admire?The Co-founders of Google.What business would you like to own one day?I would like to be a part of Google and would like to own my own business is any kind

Lorna Kalimashe, 24What do you think entrepreneurship means?Entrepreneurship is having freedom of mind and being able to outline a business in a way that you see fit. It’s being able to own your time, dividing it accordingly in order to have balance in your own life outside of business.Which businessmen/women do you admire?I really admire Bonang Matheba, she is a skilled woman, a go-getter and a true hustler in that she believes that there is nothing she cannot conquer.What business would you like to own one day?I’d like to own a business that brings together music, fashion and photography -that’s what I’m all about.

“I’ve learned that no matter what happens, or how bad it seems today, life does go on, and it will be better tomorrow. I’ve learned that you can tell a lot about a person by the way he/she handles these three things: a rainy day, lost luggage, and tangled Christmas tree lights. I’ve learned that regardless of your relationship with your parents, you’ll miss them when they’re gone from your life. I’ve learned that making a “living” is not the same thing as making a “life.” I’ve learned that life sometimes gives you a second chance. I’ve learned that you shouldn’t go through life with a catcher’s mitt on both hands; you need to be able to throw something back. I’ve learned that whenever I decide something with an open heart, I usually make the right decision. I’ve learned that even when I have pains, I don’t have to be one. I’ve learned that every day you should reach out and touch someone. People love a warm hug, or just a friendly pat on the back. I’ve learned that I still have a lot to learn. I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ― Maya Angelou

5YOUR MONEY

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Proudly supports: Absa Your Money Novice Entrepreneur 2015 Competition


Absa Enterprise Development Port Elizabeth:

Tel 041 502 1111 email [email protected],

Enterprise Development: [email protected]

Absa’s Public Sector participation in the economy is vital to SA’s industrialization aspirations

Entry Form: Absa Your Money Novice Entrepreneur 2015

Fill in the entry form and email to: [email protected]. You can also sms us the details to: 074 5820 319.Closing Date: 15 June 2014.

Applicant’s Full Names: ............................................................................................

Identification no:........................................................................................................

Cell Phone:.................................................................................................................

Email Address:............................................................................................................

Proposed Company Name:.........................................................................................

Description of Proposed Business: …………………………………………............…………………………………………………………………………………………………………………………………………………………………………………….………………………………………………………………………………………….…………………………………………………………………………………………............................................................................................................Category: • Novice Entrepreneur: Between the ages of 15 – 25 and have a new business idea…..Y/N…..• Established Entrepreneur: No age restrictions and be an existing business………………Y/N…..

Signature:……………................…………..............................................................

Date:..........................................................................................................................

Helping people achieve their ambitions in the right way is fundamental to the Corporate and Investment Banking division of Absa Bank Ltd, member of Barclays. It is central to the bank’s business approach and strategy.

Corporate and Investment Banking from Absa is determined to play its part in partnering sectors that will propel the economy to greater heights.

To this effect, major milestones have already been delivered to entities and operations in the Public Sector environment. One such project is the Tshwane 10 000 citizenship initiative concluded with the Tshwane Metropolitan Municipality.

‘‘The initiative is a model for public-private partnerships as it has yielded 10 000 employment opportunities for enterprising youth in Tshwane,’’ says Stephen Seaka, South Africa Head of Group Public Sector, at Absa. Absa has, after a comprehensive assessment audit, presented Tshwane with a financing model that has enabled the municipality to not only absorb the youth through employment opportunities but empowered them with valuable trade and life skills. The Public Sector is the core driving force entrusted with executing on the national government’s multi-billion infrastructure development plan. For the Public Sector to succeed, all skills and expertise will be required to assist this key portfolio with elevating South Africa from a middle income country to a world-class advanced economy.

Economic commentators and public policy analysts argue that a lackluster Public Sector is a major bottleneck that curtails the economic competitiveness of emerging markets. It is not surprising that national government has in response prioritized to reconfigure public administration as an agent of economic transformation.

As a financial institution with deep roots locally and with a clear African and global footprint in other key markets, Absa gave serious consideration to the contribution it could make to the national agenda to improve the competitiveness of the Public Sector. It is within this context that the Absa Public Sector Council was conceived last year with the objective to position Absa as the ‘Go-To’ bank for Public Sector transactions.

“The Council is populated by colleagues with local and international expertise on complex Public Sector financial transactions. We want to leverage on our local and global capabilities by fostering sustainable strategic relationships with our clients in the Public Sector, ’’ says Absa’s Steven Seaka. Consequently, the Public Sector Council’s strategic pillars have been aligned to national government’s key priorities. Enterprise development, citizenship, affordable housing opportunities and infrastructure development are pillars that define the implementation strategy.

Mindful of the enormous challenges faced by Public Sector entities throughout the country, Absa’s Public Sector Council has

established provincial forums including here in the Eastern Cape that have been tasked with aligning the Council’s strategy with regional imperatives.

Thembi Klaas heads Absa’s Public Sector unit in the Eastern Cape.

‘’We are humbled to be the lead banker of choice for this region’s only two Metropolitan municipalities, Buffalo City and Nelson Mandela Bay. We bank a total of 13 municipalities in the Eastern Cape, which include the two Metropolitan municipalities in the Province,’’ Klaas says.

Other strategic Public Sector entities that have benefited from the finance facility structure include the roads, railways, education, provincial and local government structures. In conclusion, as a financial institution with a Pan-African outlook, Absa supports initiatives to integrate the regional economies on the continent and will incrementally roll-out the Public Sector strategy in our priority markets.


Mr. Thembi Klaas: Provincial Head of Absa Public Sector Eastern and Southern Cape

6 YOUR MONEY



KNOCK THE ‘BAD’ OUT OF

BAD DEBT!

Price Check for Printing Business Cards and Website DevelopmentPrinting Business Cards:

Downtown Print and Copy – Central, Single-sided Colour – R300 Single-sided Black and White – R250Double-sided Colour – R600Double-sided Black and White – R310(All prices at downtown excluding VAT)

Datlar Print – Mount PleasantSingle Colour – R319.20Single black and White – R210.90Double-sided Colour – R547.20Double-sided Black and White – R319.20

Graphic Vine – Kings CourtSingle Colour – R319.20Single black and White – R210.90Double-sided Colour – R547.20Double-sided Black and White – R319.20

Minute Man Press – Rink Street/CentralSingle-sided – R403.93 (Both colour and black & white)Double-sided – R621.04 (Both colour and black & white)

Website development:

The cost of having a website developed varies depending on the look and feel of the website, as well as the number of pages on the website. The websites designed at the following costs are developed with integrated CMS (content management system), which allows the user to maintain the website content.

Graphic Vine1 Page Basic Website – R20003 Page Website – R33005 Page Website – R4500The 1, 3 and 5 page website packages include a basic web-based content management system for the basic editing of website content (Does not allow for any structural changes)

Perfect CircleStarter package – R9 999The starter package is specifically for SMEs and start-ups, and it is custom designed for each business.

GreenroomWebsite with a basic menu (Home, About Us, Services, Contact Us) from R9 000 – R12 000

BoomtownBasic start up website from R50 000

Tax-based Solution to Income InequalityWith the high and rising levels of in-equality in South Africa, researchers in the field of economics have studied this growing phenomenon, identifying contributing factors as well as suggest-ing solutions. A report (Econometrix) by economist Azar Jammine, identi-fies financial-deregulations as one of the factors that have contributed to the rising inequality in South Africa. This is identified as a factor because finan-cial deregulation exacerbates the over-accumulation of profits for the wealthy, through the skewed growth of financial asset prices, leaving the gap between the rich and poor even wider. The sec-ond factor identified by Jammine is the system of corporate governance as having perpetuated the rise in executive earnings.As a potential solution to the problem, the report proposed a tax-based solution which entails “raising taxes on wealth and lowering taxes on income”. In other words, taxing financial assets and real estate to enable the government to lower income taxes, especially on the poor. The total financial and real estate assets in SA, according to the report, are worth approximately R10tn, so the pro-posed tax of 0.1% on these assets would enable the government to lower income taxes by 3%.The proposed solution however has its limitations, as acknowledged by the re-port, namely that it would boost “ANC populism” without any real benefits, and could mean that less people would be inclined to owning assets.Source: www.moneyweb.co.za

Tell us a bit more about how you started out, what you were doing before your business was born?

Previously, I worked for Unilever as a qualified laboratory food scientist under the Robertson’s brand and through being exposed to imports of spices from India, my curiosity and travelling lead to a discovery of the other highest income generator in India, which is hair, and that’s how I developed interest in imports of hair.

What made you want to start your own business? And what let you to specifically pursue business in the hair and beauty industry?

Very soon in my youth I realised that I was the type of a person who can be very dedicated, an over-achiever, but I was never one who liked following specified instructions. I wanted to explore and try new things, so I figured that these qualities might suit a self-employed person, one who is willing to take chances and commit to whatever they start to make a success of it. I wanted to build an empire which I am still busy doing. I chose the industry I am in because I saw a huge gap in the market, as a person who previously ran a quality department I noticed that what I love the most as a woman (Hair) was not the best quality a woman can get, so I searched and used my exposure to imports to bring SA’s best quality hair and wanted to take this further and I developed the best hair extensions care product line.

How long have you been in operation and how has your business grown over the years?

Immediately when I got my hands on the best quality hair I started selling hair extensions while I was still employed. By the time I resigned in 2009, I was already running my business and immediately acquired offices in Durban, Morningside. My business has grown since then from that 80square meter office in December 2009 to shops in different cities and hair studio’s. In addition, I have managed to create SA’s first hair extensions care product line.

What keeps you motivated as an entrepreneur?

I am motivated by the changes I can make, through my businesses, in other people’s lives, the ability to change a family’s life style by giving bread winners jobs to put food on their tables. I am motivated when I see a woman happy, feeling good and confident because that’s what I aspire to do, to change people’s lives for the better.

What have been your challenges as a young entrepreneur in South Africa and how did you overcome them?

One of the biggest challenges in South Africa, especially to young black people who wish to go to retail business is not often spoken about or discussed and that is acquiring good commercial space. You have to go the extra mile to prove yourself before you can open your very first outlet because often no one wants to take a chance with a young person who wishes to open a new brand, unknown, so I had to prove myself a lot and that involved a lot of paper work trying to prove to property owners that I too can run a successful business. Building a brand is also a lot of hard work, but I had to keep positive and focus on my goals.

And your greatest achievement?

My greatest achievement has been the new hair care product line, Ses WeavesCare. Being able to create the most wanted and needed products in the business, using my science knowledge and experience effectively to create what I believe is to be the most loved product line. But there is also no achievement much greater than the fact that I have managed to change peoples’ lives through job creation.

What do you think sets you apart from other entrepreneurs in the same industry?

Unlike many standard hair businesses, we are unique, in that we are separated into two different businesses. Hair studios are specialising salons, focusing on what we know best, that being hair extensions application. The shops, ZoRA outlets, are unique as they only stock and sell 1 brand which is imported quality human hair, imported from different countries to form our stylish unique shops and we pride ourselves with providing the best services to our clients and customers. We also offer training to other salons who wish to learn the new hair extensions trends and we give after-sales services like washing and treating hair extensions for our clients to make sure their hair last longer.

Something only a few people know about you?

Most people don’t know that I am one of the few young people who strive to not only build an empire by enriching myself, but by building others. One of the new things I am working on is giving a chance to YOUNG DESIGNERS. I AM LOOKING FOR YOUNG DESIGNERS who want to showcase their products in my shops.

Going forward, what are your long-term plans?

The future plans are to grow bigger, open more outlets throughout South Africa, the rest of Africa and abroad because through growing I will be

At 28, Sesakho has developed South Africa’s first hair extensions care product line, Ses WeavesCare and is the proud owner of ZoRA retail shops which specialises in high quality hair extensions. The scientist-turned-entrepreneur is also the owner of Ses Hair Studios, which focuses on the application of hair extensions.

- Your Money Entrepreneur of the Month: Sesakho Zininzi Mveku -

able to help others grow like the ZoRA Fashion Labels we are starting that will grow young designers and so by growing and being in most cities, I will be able to help more people to realize their dreams.

What words do you have for aspiring and fellow entrepreneurs?

To the aspiring entrepreneurs: As Tom Ford would say, “Whether you believe you can or you can’t, you are right”. Believe in yourself and educate yourself on anything you wish to pursue. When you know better, you will do better.

To the fellow entrepreneurs, I have 2 words, THANK YOU. As another young South African entrepreneur I understand how hard it is to grow a business and to work hard to make a success of it, to not only better your life but the lives of other South Africans. So thank you for taking the responsibility to provide jobs and for the inspiration. Let’s push and not be discouraged.

By Esethu Numa

7YOUR MONEY

www.yourmoneyec.co.zawww.yourmoneyec.co.za

If you wish to know more about ZoRA, Ses Hair Studio and Ses WeavesCare:

Port Elizabeth branch (ZORA): 78 Cape Road (0784509597)

East London branch (ZORA): 23 Devereux Avenue, Vincent (0783064674)


East London branch (Ses Hair Studio): 0725602662

Facebook, Twitter & Istagram : Ses Hair

8 YOUR MONEY



Top 20 Brands in 20141. Google: brand value = $158.8 billion

2. Apple: brand value = $147.9 billion

3. IBM: brand value = $107.5 billion

4. McDonalds: brand value = $85.7 billion

5. Microsoft: brand value = $90.2 billion

6. Coca-Cola: brand value = $80.7 billion

7.AT+T: brand value = 77.9$ billion

8. Visa: brand value = $79.2 billion

9. Marlboro: brand value = $67.3 billion

10. Verizon: brand value = $63.5 billion

11. Amazon: brand value = $64.3 billion

12. GE (General Electric): brand value = $56.7 billion

13. Tencent: brand value = $53.6 billion

14. China Mobile: brand value = $49.9 billion

15. Wells Fargo: brand value = $54.2 billion

16. UPS: brand value = $47.7 billion

17. Mastercard: brand value = $39.5 billion

18. ICBC (Industrial + Commercial Bank of China): brand value = $42.1 billion

19. SAP: brand value = $36.4 billion 20. Vodafone: brand value = $36.3 billion

Source: www.businessinsider.com

Managing Your Boss The boss is only one half of the working relationship - you are the other and it is this half over which you have the ultimate control. Many employees don’t realise how much a boss depends on them, so it is a mutually dependent relationship. Here are some practical tips to help you achieve a good boss-worker relationship and keep your sanity.

Don’t only table problems, or excuses - offer solutions. If you don’t think you are going to meet a deadline, you can suggest that you work overtime or take work home and negotiate that the overtime worked can be given back to you as time off when the work pressure eases.

Form a relationship. This does not mean trying to be your boss’ best friend, but understand how he likes to work and deliver your results accordingly.

Be a team player. Demonstrate that you are willing to work towards a common goal and that you want to help the department achieve its targets.

Understand your strengths and weaknesses and work on your weaknesses. If you are an impatient person, practice meditation and breathing techniques and work on exercising patience.

Be pro-active, think ahead and offer suggestions on how you can improve your tasks, but only focus on things that you can manage and control.

Be honest and transparent. He needs to know he can trust you and that you have integrity and a strong work ethic.Managing your boss is not about manipulation, or sucking up. It’s about making sure you put in your best possible efforts and do your job to the very best of your ability. This is not only important for yourself, but for your boss and the organisation employing you.

Article courtesy of Micromega Publications...Find out more about Micromega Publications, visit the Micromega Publications Online Store: www.rippleweb.co.za

Open To All Businesses in the Bay!!

Where??

Why??

How??

When??

Did you know that you can find the highest quality products; from groceries, confectionaries, toiletries and general merchandise at the lowest prices straight from Weirs Cash and Carry in Port Elizabeth?

Weirs Cash and Carry, 18 Henry Ford Street, Neave, Port Elizabeth.

All business owners can register and purchase straight from us at discounted prices.

Mon – Friday: 08:00 – 16:30, Sat: 08:00 – 12:30, Sun: 08:00 – 11:30.

Come join us for a free cup of coffee while we register your business in store!!

Who?? Contact Shane, Norisha, Truche or Bernadette on:Tel: 041 451 5001

18 Henry Ford Road, Port Elizabeth

Lat: -33.9231475Lng: 25.587521000000038

On Kempston Road heading towards Uitenhage, Turn Right into Haupt Road, Turn left onto Nicoll Road, Take the 1st Left onto Henry Ford Road, 18 Henry Ford Road, Weirs Cash & Carry

Directions to Weirs Cash & Carry

10 YOUR MONEY



284 Cape Road, Newton Park, Tel: 041 363 3636Fax: 041 363 3638, email: [email protected]

284 Cape Road, Newton Park, Tel: 041 363 3636Fax: 041 363 3638, email: [email protected]

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The ECSBN expo shell schemes were set-up by the Eastern Cape’s first ever Shell Scheme Company, The Missing Link, which is 100% local.

It has been servicing the industry for close to 20 years. ECSBN was ecstatic to work with the company not only for its professionalism but because of its values, which other expos like Ironman and South African Automotive Week, among others has also acknowledged.

While it remains a small business itself; the company supports the local community by creating jobs and new business ventures for their staff.

Owner, Deon Engelke and Operations Manager, Phumlani Hermans, both local boys, take a bow!

For more info on The Missing Link:email: [email protected]

Or view their website: www.expobuild.co.za.

Kuli Roberts Tweets About Magical Bay VisitTogether with South African Tourism (SAT) popular radio presenter and journalist Kuli Roberts was hosted in the Bay on a “Sho’t Left” visit. The combination of the Sho’t Left campaign and Ms Kuli Roberts had social networks abuzz about activities and sites in and around Nelson Mandela Bay.

The Sho’t Left campaign included a luxurious hotel stay, what to do in and around the city, Route 67 and The Donkin as well as a trip Tsitsikamma National Park to name a few.

11YOUR MONEY



Eastern Cape Small Business Network Expo 2014At 7am on May 15, the doors to the Boardwalk International Convention Centre opened to the public for what turned out to be one of the most memorable days for businesses, as well as those interested in business, in Nelson Mandela Bay.

The main aim of the one-day business exhibition was to bridge the gap between large and small businesses in Port Elizabeth by providing a platform where interaction between both could take place.

Highlights of the event included speed networking, the opportunity to network with Cola Cola Sabco CEO Dough Jackson and a ‘Battle of the DJ’s’ general knowledge quiz.

Stall holders who were in attendance were impressed by the turnout of the event and expressed that it is

By Esethu Numa

something they would do again. Farah Davis of Pricewaterhouse Coopers said, “It was an excellent relationship building exercise and it was an excellent opportunity when it came to extending our footprint of the brand”. In concurrence with Farah, Nomzamo Khuzwayo of Shanduka Blackumbrellas said, “It met and exceeded our expectations.”

On what went into putting the event together and making it a success, Lwandiso Mpetsheni of Eastern Cape Small Business Network shared that, “It was not an easy task to put up our first Exhibition as Eastern Cape Small Business. When we realized that we did not have the necessary capacity to do it, we went out and sourced partners who wasted no time in partnering with us and afforded us an opportunity to make it a reality.”

Lwandiso thanked Michelle Campbell, of Michelle Campbell

Publicity, who played an integral role in this event and Lynn Erasmus of Your Money Publishers, who pushed all the boundaries in making the event a success. “The collaboration of programmes on the day brought a fresh dimension on business exhibition, thanks to The NMB Investor Seminar team and Kazeka Mashologu Khuse,” he added

“The positive response we received from both our exhibitors and attendees was quite overwhelming and it gave us the energy to make the next one Bigger and Better. Watch this space,” said Lwandiso.

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NMMU to benefit from Coega’s Driver Training Programme


The Coega Development Corporation (CDC) has again brought its ground-breaking Driver Training Programme to an institution of higher learning, this time making in-roads at the Nelson Mandela Metropolitan University (NMMU) after a memorandum of understanding was signed between the two institutions. The training programme is the flagship of Coega’s

Corporate Social Investment (CSI) initiatives and was launched in 2008 and has been implemented with growing intensity across 16 stations in two provinces, the Eastern Cape and KwaZulu-Natal. The Coega CSI programme seeks to support programmes that engender empowerment and development as well as contributing towards social transformation.

* R1 140 Initiation fee and R57 monthly administration fee included. ** Variable interest rate. Toyota Financial Services (South Africa) Ltd is an Authorised Financial services (FSPNo.7454) and Registered Credit Provider (NCRCP62)

For more information, contact Algoa Toyota, Tel: 041-393 2000

“Whining is not only graceless, but it can be dangerous. It can alert a brute that a victim is in the neighborhood.” -Maya Angelou

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