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28
NOV

Software escrow agreements a must-have for IT systems

Active software escrow agreements are increasingly becoming a must-have for businesses as insolvencies surge across varied industries including information technology (IT). Guy Krige, Director at Escrow Europe, tells the OFM Business Hour, that software end users (clients) are at risk should their software developers end up disappearing owing to financial constraints or being acquired by a bigger company.
23
NOV

41% of SA businesses experienced a loss in revenue due to ransomware – Mimecast

Roughly 41% of South African businesses experienced some loss in revenue due to ransomware over the last year. This is according to Duane Nicol, senior product manager for Awareness Training at Mimecast who was on the OFM Business Hour on Monday to unpack the findings outlined in Mimecast’s State of Ransomware Readiness 2022 report. Nichol warns that cybercriminals will up the ante over the festive season as retailers seek to make the most of the period from a profit perspective.
23
NOV

Asset seizures and how involved businesses are impacted

Attorney and founder of the Legal Affair, Nonhlanhla Mtshali, unpacks what assets seizures by varying law enforcement agencies entail. Mtshali further answers how this impacts businesses, should the target of these seizures be entrepreneurs or the heads of establishments.
22
NOV

Getroue klante en personeel sleutel tot sukses - Morné Breytenbach

Soos meeste sake-eienaars was Morné Breytenbach se missie toe hy sy besigheid 28 jaar gelede begin het, om 'n sukses daarvan te maak sodat hy in staat sou wees om werksgeleenthede te skep en uiteindelik vir sy gesin op die lang termyn te voorsien. Morné Breytenbach vertel aan die OFM Sake-Uur om lojale personeellede te hê, wie se jare by die besigheid wissel van 6 tot 16 jaar, is waaraan hy sy besigheidsukses toeskryf, dít en lojale kliënte.
21
NOV

Leverage Black Friday, festive season fever to your business' advantage

Erin Louw, founder of fempreneur networking app - Xena - urges business owners to make the most of the Black Friday and all-round festive season hype in prepping for 2023. Unfortunately, Louw reveals that 63% of female businesses surveyed said they aren't offering Black Friday specials owing to a plethora of factors. She provides tips on countering these challenges in her OFM Business Hour sit-down below.
15
NOV

Robustness – taking businesses one step beyond resilience

Robustness takes businesses one step beyond resilience. Business thought leader, strategist, author and founder of 'At that Point', Juanita Vorster explains that robustness is one step beyond the disruption that change brings in her conversation with the OFM Business Hour.
15
NOV

OFM Sake Uur: Grootste wins in verhoudings - Carlo Rohrs

Om in pas te bly met jou klante se behoeftes en op hoogte te wees van die nuutste markneigings in die kleinhandelbedryf is die sleutel tot die sukses van enige pandjieswinkel.
Die eienaar van Bedelia's The Bargain Masters in Welkom, Carlo Rohrs, meen om 'n tweedehandse item vir elke nuwe item te hê, is wat sy besigheid van die res onderskei.
Hy vertel aan die OFM Sake Uur sy passie vir verkope het op 'n jong ouderdom ontwikkel nadat hy in die koop- en verkoopbedryf grootgeword het.
Advertensies op OFM en mondelinge reklame is van sy grootste bemarkingsinstrumente.
11
NOV

Sibanye avoids closure of FS mine as restructuring gets underway

Sibanye-Stillwater describes the restructuring of its South African operations as “a retrenchment avoidance process”. Sibanye’s senior VP for investor relations, James Wellstead, tells the OFM Business Hour that they are trying to avoid closing down the Beatrix 4 shaft near Welkom in the Free State, despite the mine’s drop in productivity and profitability. At risk in this restructuring process are just under 2000 jobs as well as 465 contracts which are mainly at the Beatrix 4 shaft and less so at the Kloof 1 plant in Gauteng. Sibanye says rising input costs, such as loadshedding, as well as a general drop in production has led them to this restructuring decision.
09
NOV

Harrismith sakelui werk moedig voort

Sakelui op Harrismith sit ten spyte van talle uitdagings steeds skouer aan die wiel om dié Oos-Vrystaatse dorp te verbeter. Luidens die hoof uitvoerende beampte van die Harrismith Sakeforum, Ben Deysel, bly kragonderbrekings 'n bedreiging vir die plaaslike ekonomie. Hoewel gevestigde besighede ietwat meer in staat is om die uitdading te oorbrug, is dit die kleiner besighede wat die risiko loop om hul deure te sluit. Hy het met Kayla Barker op die OFM Sake-Uur gesels.
07
NOV

Macufe labour case a lesson in upholding integrity and honesty at work

Charl Ranger a Senior Dispute Resolution Official at the Consolidated Employers Organisation (CEO) stresses the importance of being honest and upholding your integrity should your personal interests clash with your duties in the workplace. Ranger was speaking in reference to a labour matter dating back to 2015 involving a Chief Director at the Free State Department of Sports, Arts and Culture who procured business from the department for her guesthouse during the Macufe festival. The Labour Court in mid-October 2022 found in favour of the employer on the matter, following what appears to be years of back-and-forth litigation between the parties.
07
NOV

FSCA’s regulation of crypto in SA creates trust signal within the industry

The Financial Sector Conduct Authority’s (FSCA’s) recognition of crypto assets as a financial product is the first step in creating a trust signal within the industry in South Africa. This is according to Louis van Staden, Luno’s General Manager responsible for Customer Acquisition, Onboarding and Payments, who calls this regulatory step “an incredible moment” for the industry.

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