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ASA: Oct 2019 Issue
EDITORIAL: BEING EXCEPTIONAL – GERINDA ENGELBRECHT We are bombarded with negative news all day long. We feel disgust and anger about the rising crime rates, the increase in brutal killings and violence against women. We feel angry when we see corporates and public sector companies mismanaging funds and some even fear for the future of…
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Hlengiwe Ndlela: Power of professional thinking Award
AUDITING LECTURER: UNIVERSITY OF KWAZULU-NATAL (UKZN) Giving up is just never an option for Hlengiwe Ndlela. She knows exactly how hard failure can knock one down. But she has overridden ‘fail’ multiple times, replacing it with the stamp of success. Today, she mentors scores of students into confident professionals because she knows sometimes all you…
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Gideon Botha: Simplifying your success Award
SENIOR FINANCIAL MANAGER: NEDBANK GROUP Gideon Botha is a well-rounded researcher and futurist with a balanced outlook on life. He is that exceptional example of an academic who intelligently puts all the knowledge gained to work by addressing core issues in South Africa’s private health care system. And to top that, he’s put a great…
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Lize Lubbe: Influence Category Winner
PRINCIPAL: PHATISA Pioneering spirit has led her to deliberately choose the road less travelled at every pivotal moment. And with investing and entrepreneurship being the golden thread that runs throughout her career, the results of her leading huge impact investment projects across the african continent have been extraordinary. In her spare time, she is a…
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Rhett Finch: Lead Category Winner
CFO: KING PRICE INSURANCE As CFO of king price insurance, Rhett finch has successfully guided the r100-million start-up to a R3,3-billion company in six years. their business model has saved their clients over R150 million in decreasing premiums. and best yet, their 900 staff members are like one big ‘royal’ family who enjoy ‘fun with…
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Léan Boezaart: Develop Category Winner
CO-FOUNDER: FREEDOM OF MOVEMENT From a single leather bag, Léan Boezaart and the team have ignited freedom of movement (FOM) to a premium south African lifestyle brand that ranges from the trendiest leather bags and footwear to aesthetics timepieces. today they proudly boast 10 FOM concept stores, with one based in Amsterdam READ FULL ARTICLE…
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New WhoYou app seeks to curb SA’s rising identity fraud
26 SEPTEMBER 2019, JOHANNESBURG — There’s a new way to combat rising identity fraud in South Africa thanks to a locally developed app called WhoYou™ which turns smartphones into advanced ID fingerprint scanners. Latest statistics from the South African Police Service (SAPS) have shown a total of 83,823 commercial crime cases were reported in the…
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Enhanced data analytics requires an advanced data storage platform for accurate financial risk profiling
By Hayden Sadler, Country Manager According to Statistics South Africa, the economy shrank by -3.2% in the first quarter of 2019. This ongoing economic downturn has had an impact on many industries, forcing them to relook at the way they do business. In the financial services sector in particular, it has become important to minimise…
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Beware of 45% tax on restricted shares in start-ups
Founders, directors and employees of start-up companies in South Africa should be aware that acquiring or owning shares carrying restrictions such as ‘lock-ins’ could land them with a tax liability at 45%. ‘If you hold restricted shares, you pay a much higher tax rate when you exit or when the restrictions lift– at the marginal…
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