National Business Xposure Magazine 25th Edition January 2020

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Digital Magazine

LET ’S TALK LEGAL BUSINESS PERSPECTIVE ON ANTENEPTUAL AGREEMENTS

BUSINESS FOCUS

CYBER CRIME

SHORT-TERM INSURANCE IS SET TO BIG SHAKE UP IN 2020

WHAT IS IDENTITY THEFT & HOW CAN I PREVENT IT?

TECH REVIEW WHAT 4IR MEANS IN THE CONTEXT OF SOUTH AFRICA?

CONVERSATION WITH

FEZILE DHLAMINI

FOUNDER & CEO, GREEN SCOOTER

REFLECTIONS OF THE NEW YEAR INSIGHT FEATURE

AUTHENTICITY IS A SUPERPOWER

MORE INFORMATION ABOUT SMALL BUSINESS RUNWAY EXPO 2020


PUBLISHING CREDITS CHIEF EDITOR Benito Mamaile editor@businessxposure.co.za EXPERT CONTRIBUTORS Frans Nel Dr. Travis Bradberry Morgen Moyo Msuku Media Madelain Roscher Amina Williams Jacques Loots Elena Agaragimova South African Risk Information Centre PICTURES Intellectual Media Cover Interview Pictures Credit: Pixel Kollective Entrepreneur of the month Pictures Credit: SBR DESIGNERS Intellectual Media and Communications LEGAL Loots Attorneys

Fezile Dhlamini Founder & Chief Executive Officer

Green Scooter ZA

COVER INTERVIEW

PAGE 05 - 09

ACCOUNTS Istora Rapule accounts@businessxposure.co.za DISTRIBUTION Intellectual Media and Communications (Pty) Ltd PUBLISHED BY Intellectual Media and Communications (Pty) Ltd 81 Cassandra Avenue Bedworth Park 1939

HIGHLIGHTS

Office Hotline

: +27 (0)11 083 8777 : +27 (0)81 322 5747

ADVERTISING ENQUIRIES Office : +27 (0)11 083 8777 Email : editor@businessxposure.co.za

IN THE KNOW

ARTICLES Disclaimer:

NBX ENTREPRENEUR OF THE MONTH

National Business Xposure and Intellectual Media and Communications considers its sources reliable and verifies as much data as possible. National Business Xposure (EAN 0 606110 895835). However, inaccuracies can occur, consequently readers using this information do so at their own risks. National Business Xposure does not accept responsibility for omissions or errors. the points of view expressed in articles by attributing writers and/or in advertisements included in this magazine do not necessarily represent those of the publisher. Any resemblance to real persons, living or dead is purely coincidental. Whilst every effort is made to ensure the accuracy of the information contained within this magazine, no legal responsibility will be accepted by the publishers for loss arising from use of this information published. All rights reserved. No part of this publication may be reproduced or stored in a retrievable system in any form or by any means without the prior written consent of the publisher.


BENITO MAMAILE CEO & Business Development, Intellectual Media and Communications Platform Architect & Chief Editor, National Business Xposure South Africa

JACQUES LOOTS Admitted Attorney & CEO Loots Attorneys South Africa

DR. TRAVIS BRADBERRY Coauthor of Emotional Intelligence President at TalentSmart United States of America

MORGEN MOYO Founder My Success Hub South Africa

ELENA AGARAMIGOVA CEO & Talent Development Agar Consultancy United Arab Emirates, Dubai

MADELAIN ROSCHER MD, Multi Award Winning PR Specialist at PR Worx South Africa

AMINA WILLIAMS Founder & CEO Willamina Media South Africa

JIMMY MSIBI CEO, SHERQ Specialist Masweja SHERQ Management South Africa

ISAAC NDHLEBE CEO, Training Assessor & Coach IN Solutions South Africa


CHIEF EDITOR’S LETTER

TAKE ACTION – “ AIM, READY, FIRE! ”

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COVER INTERVIEW

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COVER INTERVIEW

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COVER INTERVIEW

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COVER INTERVIEW

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GUEST BLOG

Frans Nel Marketing Consultant, Brand Builder, Entrepreneur, Writer, Storyteller & Teacher Frans Nel

“ It’s becoming difficult to discern between what is true or real and what is false or fake.”

Amidst the abundance of faux, authenticity is a superpower. 10

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ENTREPRENEUR OF THE MONTH

SMALL BUSINESS RUNWAY

NBX ENTREPRENEUR OF THE MONTH

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ENTREPRENEUR OF THE MONTH

GCINA MADONSELA

ALSO AVAILABLE ON nbxnow.businessxposure.co.za 12

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SMALL BUSINESS RUNWAY


SMALL BUSINESS RUNWAY


SMALL BUSINESS RUNWAY

SMALL BUSINESS RUNWAY EXPO

SPONSORSHIP

SPONSORSHIP

VISITORS

www.smallbusinessrunway.co.za

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SMALL BUSINESS RUNWAY

▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

www.smallbusinessrunway.co.za 16

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SMALL BUSINESS RUNWAY

SPEAKER’S BIO

Founder, P&H Boutique

SPEAKER’S BIO

Author & Tech Enthusiast

SPEAKER’S BIO

• • • •

PR and Marketing Maven

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SMALL BUSINESS RUNWAY

SPEAKER’S BIO

Economist, Global Speaker and Business Strategist

SPEAKER’S BIO

Enterprise Development Specialist

SPEAKER’S BIO

Author & Business Developer

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CAREER & LIFE

Elena Agaragimova, Career/Performance Consultant United Arab Emirates, Dubai

REFLECTIONS OF THE NEW

YEAR

• • • • • •

• • • • • •

Elena Agaragimova

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Amina Williams Publicist, Digital Strategist & Social Media Manager Willamina Media aminawilliamspr

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aminawilliamspr

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BUSINESS FOCUS

Short-term insurance set for a BIG SHAKE UP in 2020

Mutoda Mahamba, CEO & Co-Founder of Solvency

“ ALSO AVAILABLE ON nbxnow.businessxposure.co.za

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BUSINESS FOCUS

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• • • • • •

• •

+27 (0)62 528 2324

www.ebonokoholdingsltd.co.za info@ebonokoholdingsltd.co.za

26 Sturdee Avenue, Rosebank Johannesburg 2196


TECH REVIEW

What 4IR means in the context of South Africa? Contributed by

Ekart Zollner | Bizcommunity

.

We live in an era that is more and more defined by technology and terminology, and whether we like it, not, whether we are ready, or not, we are in the midst of it already.

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For Entrepreneurs by Entrepreneurs

MEMBER BENEFITS

▪ ▪ ▪ ▪ ▪ LEARN MORE: WWW.SIMODISA.ORG

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MONEY MATTERS

“ NOT PLANNING IS PLANNING TO FAIL ”

• • • •

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Mowash

082 315 7852 073 002 4255

Best Breakthrough App Developer

2019


IN THE KNOW WITH SABRIC

Source: SABRIC The South African Banking Risk Information Centre • •

• • • • •

• • •

• • •

• • •

• • • •

• •

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LET’S TALK LEGAL

By Jacques Loots

Loots Attorneys An Admitted Attorney

All business owners know the challenges involved with the building and establishing of healthy business and although many businesses survive serious hardship and challenges, the marriages of the business owners do not. If both parties to a marriage own their own businesses this can become quite an arduous matter to resolve in divorce settlement negotiations. WHAT CAN YOU AS A BUSINESS OWNER DO TO AVOID LOSING YOUR BUSINESS IN CASE OF A DIVORCE? Registering the correct Ante Nuptial Contract prior to your marriage will ensure that the necessary protection is in place. Failure to register an Ante Nuptial Contract in South Africa will result in a marriage being regarded as in community of property. In the case of a marriage in community of property both parties to the marriage own a 50% share of the business. In the event of divorce and in the instance where the one party is unable to purchase the shares of the other party, both parties will own a 50% share in the business. You can imagine the damage that this could do to a business if 2 people who did not see a future together as husband and wife tries to manage a business together. IF NOT IN COMMUNITY THEN WHAT OTHER OPTIONS ARE THERE? When entering into an Ante Nuptial Agreement you will have the following options: 1. OUT OF COMMUNITY EXCLUDING THE ACCRUAL SYSTEM. This has the effect that each party retains his own assets and liabilities whether acquired prior to or during the existence of the marriage. Both spouses have full and independent contractual capacity and in the event of divorce each parties retains control over their own assets. This also protects the parties against claims from the other party’s creditors which can be beneficial for the party that does not own a business as it provides protection in the event that the business of the other party fail.

2. OUT OF COMMUNITY INCLUDING THE ACCRUAL SYSTEM This is probably the most reasonable marriage system for the majority of couples. Including the accrual system permits a form of sharing, consistent with a primary objective of marriage, but permitting retention of each party’s independence of contract and ability to retain their own unique separate estates. Accrual is the sharing of what the separate estates may have grown during the existence of the marriage. Each party is allowed to deduct whatever they have brought into the marriage as a startup value and whatever was accrued during the existence of the marriage is then shared between the parties. The difference with a normal marriage in community of property is however that each party retains his or her separate estate and that the creditors of one party may not attach or sell the property of the other party for judgment debt. In practice it can be observed as follows: Each party retains his or her own estate. Each party may accumulate assets and incur liabilities without interference from or assistance of the other spouse. The estate of each party is determinable separately. In the event of divorce, the monetary value of the smaller estate is subtracted from the monetary value of the larger estate, the difference is split, and the party having the larger estate pays half of the difference between the two estates to the party with the smaller estate.

Unfortunately many couples entering into a marriage decides that a marriage out of community of property is unfair to the other party as it is perceived that one party does not want to share his assets with the other party or does not trust that the marriage will survive and wants to keep everything to himself or herself. In the highly competitive society we are currently and with financial hardships killing of a lot of small businesses, this should rather be seen as a safeguard of the assets of the other party in the event that something does go wrong with the business or as a second chance that couples may have in the event of one of the parties being blacklisted for bad debt as it safeguards the name of the other party. For any questions you may have or to register your Ante-Nuptial Agreement please contact our offices to set up an appointment.

082 441 7150 31

231 General Hertzog Road, Three Rivers

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MIND MAPPING

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