Herd mentality: Why do you do what you do?

Most of us have got personal habits, family traditions, cultural beliefs, company culture and societal norms which we ascribe to, live by, propagate and perpetuate. All this regardless of whether or not we actually know the reason(s) behind why we hold these beliefs or norms. The word normal is derived from norm. A norm is defined by the Merriam-Webster dictionary as standards of proper or acceptable behaviour. When something becomes taken as proper or acceptable behaviour it is considered normal.

Business opportunities are everywhere...even in the most unlikely places - News24 Voices

Being an avid reader and also one who is passionate about business, whenever I come across stories which show creativity and ingenuity- I can’t but acknowledge such exploits. As a frequent traveller, I get to pass through the airport a number of times and something one never can miss after passing through the security check are the gentlemen doing shoe shine. All the times I see them I am impressed by the simple yet profitable venture. Same way there are quick massage, manicure and pedicure sta

Preventing January (financial) disease - News24 Voices

When I was young boy, I used to hear older people talking about the ‘January disease’ at the beginning of the year. Although I was inquisitive I never asked anyone what this ‘disease’ was all about- although it seemed it was a serious epidemic.  I used to have the following question in my mind, “if it is a disease which people know about, surely there should be a doctor or some medicine to treat it?” Naïve as though my musings might have been when I was young, seeing we have just under 40 days

Guide for graduates

Cape Town - Not everyone has the good fortune to attend a university or other tertiary institution.To then land a job and start earning an income is another great achievement, and a privilege many don’t get to experience.Moving from barely making it from month to month on a low allowance to receiving a monthly pay cheque is a huge jump and nothing short of a culture shock.Suddenly, it seems like you can get all those things you used to want and could never afford. Therein lies a trap which many

Commentary on the Special Economic Zones Bill

On the 23rd of January, the Minister of Trade & Industry Dr Rob Davies gazetted the draft Special Economic Zones (SEZ) Bill for public comment. The bill is a welcome move as the government has acknowledged there is a deficiency with the current Industrial Development Zones (IDZ) framework. The major challenges which characterise the existing IDZs have been highlighted and steps have been outlined for dealing with them. Now what is left is the translation of the good ideas which are there on paper into practical action steps that need to be taken by the government and other related stakeholders.

‘No tax holidays’ for SEZ investors

The department of Trade and Industry wants to create an economically enabling environment for the investors of the proposed special economic zones (SEZs), but does not intend to create “tax holidays”. Speaking in Parliament yesterday, department deputy director-general Tumelo Chipfupa said a more holistic approach to financial support would be pursued by the government, development finance institutions and parastatals to make the SEZs a success. Chipfupa said incentives were a major weakness a

SEZs ‘need incentives’ to fix IDZ deficiencies

The restructuring of the country’s industrial development zones (IDZs) into special economic zones (SEZs) could provide a solution to the mismatch between available skills and available jobs, but the government would have to do more with tax incentives, investment experts said yesterday. The Department of Trade and Industry (dti) said last month that it was looking to restructure the IDZs and create holistic SEZs instead. The department has gazetted the SEZ Bill, which is open for public comment.

‘More development zones needed’ | IOL Business Report

The Department of Trade and Industry should look at spreading the industrial development zones (IDZs) to other parts of the country if South Africa was serious about boosting its manufacturing economy, analysts at Frost & Sullivan said yesterday. If the country’s manufacturing industry was competitive enough, it would be able to attract foreign direct investment (FDI) flows and South Africa would see fewer investors leaving for countries like China, said research analyst Tatenda Zingoni. The m

Multi-currency regime in Zimbabwe- The Thinker

Dollarization is the process whereby a country takes on the use of another country’s currency, in most cases the US dollar. The process is called dollarization even if the currency being used is the Pula, Rand, Pound or any other currency. In the case of Zimbabwe, US dollars, SA rands, Botswana pula and British pounds are currently being used. The terminology of “multi-currency” regime is therefore used to refer to this prevailing currency position.