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BBBEE Verification - Why And How?

BBBEE Verification Why And How

Introduction
The Broad-Based Black Economic Empowerment Amendment Act No. 53 of 2003, as amended, (hereinafter the “BBBEE Act”) and the Codes of Good Conduct aim to accelerate the participation of black people in the economy by encouraging change in the following key areas of business: ownership, skills development and enterprise development.

When implemented correctly, Broad Based Black Economic Empowerment has the potential to boost economic growth, that will not only benefit businesses, but assist to create a more skilled workforce in South Africa.

But for most businesses the question remains: “How – and why – do I make it work for my business?” BBBEE Scorecard Verification can be quite a lengthy process and assessing the challenges in complying with all the elements can be daunting.

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Why Asking For Help Will Boost Your Sales Confidence

Why Asking For Help Will Boost Your Sales Confidence

Sales can be a tough game and it is certainly not for the faint of heart. Not that I want to scare you off ever doing sales! With this being said, the reality is you can boost your sales confidence. The more you work at growing your confidence the easier sales becomes.

Why not ask for help? We’ve been raised in a society where we get things done, we don’t ask for help and usually go it alone. Sometimes this is a good thing. However, if you’re really struggling to boost your sales confidence and you truly want to grow as a person and scale your business, why not reach out to the experts?

Perhaps a mere Google search will suffice, or you can ask within your network as to who can help you. Or reach out on LinkedIn or Facebook to find the sales experts in your field.

You’d be surprised at what you’ll find. And even more surprised with the results once you’ve entered into this sales journey with that one person who resonates with you and your business.

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Modern business: cancellation or variation of contracts via email

Modern business  cancellation or variation of contracts via email

Introduction
Doing business in this technology-driven era, and the tools used by the modern business person, have constantly and rapidly evolved in the last few decades.

Gone are the days of posting letters or hand delivering documentation. Even the once modern fax machine has seen better days. Today, we send most of our messages, letters and documents via email; we buy and sell goods and services online; and we interact with customers, suppliers, clients and contractors via email and other electronic means.

Technology has not always been easy for everyone to embrace, but one needs to take a step into the digital world to succeed in business moving forward. However, this does influence the way you contract with the stakeholders mentioned above. And with contracting comes the Rules and Regulations of the law which still needs to be abided by.

This begs the question – can we cancel or amend a written contract via email (or text message)?

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The 3 Top Sales Tools to run your Business in the best way

The 3 Top Sales Tools to run your Business in the best way

This week I had the privilege of running a sales workshop for the Women In Business Program. The roomful of aspiring women business owners required ideas on how to build sales confidence and also practical tools to implement in their business immediately.

Thanks to being on this entrepreneurial journey for close to a decade I’ve had the opportunity to try and test many applications (apps) and means of doing business effectively and seeing tangible results.

Based on my workshop I wanted to share my top 3 sales tools with you so that you can implement them readily to start seeing tangible productivity results which will ultimately lead to a growth in sales.

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Cryptocurrencies - what about tax?

Cryptocurrencies

Cryptocurrencies have taken the world by storm but many of us have no idea what they are or how exactly they work. To add to this lack of understanding by the general public, our Regulators also seem to be stumped. In the Budget Review 2018 speech, the Finance Minister alluded to the amendment of the relevant Tax Laws to deal with Cryptocurrencies. This has to date not been done.

Given the uncertainty as to the nature of Cryptocurrency, it is important to understand where they fall in terms of current legislation and regulations for tax purposes. Cryptocurrency is defined as a digital currency that uses encryption techniques and a decentralized system to allow for transactions without using middlemen like banks.

In terms of the South African Reserve Bank Act1, the South African Reserve Bank (also known and hereinafter referred to as “SARB”) governs the management of currency and has the sole right to issue coins and notes, which is a legal tender. The SARB has stated that Cryptocurrencies do not have legal-tender status in South Africa.2

Cryptocurrencies or virtual currencies are further not defined as securities in terms of the Financial Markets Act.3 They are therefore not subject to the regulatory standards that apply to the trading of securities.

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