Issue 11 - August 2011 - Your Money

August 2011 - Issue 11
www.yourmoneyec.co.za
New Actually Magazine Programme
to be launched in the Bay
By Lynn Erasmus
The Eastern Cape can now boast with its very own weekly television show to be launched in September.
The brainchild behind the 26 x part series, titled ‘PROTOCOL’, is Phumla Citeko, owner of the Abomgquba we-Africa
development services and Jujuma Productions based in Port Elizabeth. Her passion for the Eastern Cape was one of the
many reasons that won her the airing rights on this DSTV channel: “PROTOCOL offers the viewers a front-of-house seat
as it discovers the sights and sounds of this vibrant and unique region of South Africa. It also focus on the arts and culture
of the province and highlights some of the pertinent issues that face the people who live in and around the Eastern Cape,”
she said.
PROTOCOL will be aired on Monday evenings from 20:00 – 20:30 on DSTV Channel 901 and is a ‘free to be air’ service.
All the viewer needs is a decoder to access the programme. “To access the programme you simply have to sms, phone or
email us with your decoder’s barcode and smart card number – we’ll then log you onto the channel. It’s really that easy
but best of all, the channel won’t cost you anything extra,” Citeko said. Citeko has ten year of experience within the
film industry, from set dresser, actress, model and director, to now taking on a more behind the scenes role as Executive
Producer of PROTOCOL. She is currently also serving on the Nelson Mandela Bay film steering committee.
To find out more about this exciting programme or to have the opportunity to advertise your product or service to a national
audience at a very competitive rate, email: lynn@yourmoneyec.co.za
In this issue of Your Money...
Khusta Jack talks about the
effect of Tenderpreneurship in
SA.
2
Anton du Preez offers guidance
with regards to policies
available for Cancer patients. 3
Your Money’s August Entrepreneur
of the Month:
Nonzwanga Thisani 5
Watch it Grow.
Nelson Mandela Bay Noticeboard
Entrepreneurial Seminar:
We are hosting a free informative Entrepreneurial seminar to aid emerging
and existing entrepreneurs with the where, who, what, when and how to of
running a business.
Date: 6 August 2011
Venue: Centenary Hall (New Brighton Community Hall)
Time: 10:00 – 12:00
Cost: Free to the public (just book your seats in time.)
Our quest speakers will be Khusta Jack and Motse Mfuleni who will share
their experiences and the ups and downs of Entrepreneurship with our guests.
A big thank you to our sponsors: the Centenary Community Hall management
team, the Mandela Bay Development Agency (MBDA), the Ombudsman
of Banking Services (who is specially flying down from Johannesburg to
attend the seminar), Standard Bank, Nelson Mandela Bay Business Chamber
(NMBBC), Kingfisher Fm, KQ Fm and Boston College City Campus.
Boston College will sponsor a 50% paid bursary for a one year course in
Entrepreneurship and a fully sponsored subject in Entrepreneurship. This is a
fantastic opportunity for our guests to enhance their education. Please phone/
sms/email to book your seat in time: Cell: 074 582 0319 or email: info@
yourmoneyec.co.za.
Business Card Hour (BWA)
Date: 16 August
Venue: Pixel High Tea (178 Main Road, Walmer)
Time: 11:00 – 12:00
Hurdles and Help: RBAA road to success (BWA)
Date: 16 August
Venue: Little Walmer Golf Club, River Road
Time: 17:00 for 17:30
Back to basics: Marketing and personal selling: Full day
workshop with John Burger (NMBBC)
Date: 23 August 2011
Venue: NMBBC Boardroom
Time: 08:00 until 16:00
Cost: R500 / Member price: R450
Leadership Lounge: Women in Leadership (BWA)
Date: 23 August 2011
Venue: Goldfields Auditorium, NMMU North Campus
Time: 12:00 – 13:00
Business Card Hour: (BWA)
Date: 30 August 2011
Venue: Ro-Anne’s Coffee Shop (Villiers Road)
Time: 11:00 – 12:00
For all the NMBBC events contact (041) 373 1122 or e-mail Maritza Beer
on events@nmbbusinesschamber.co.za or Lesley Domingo on functions@
nmbbusinesschamber.co.za for more information. For all the BWA events
contact Samantha Bowers: (041) 367 1104 or email: pe@bwasa.co.za for
more information.
“An entrepreneur sees an opportunity which others do not fully recognise, to meet an
unsatisfied demand or to radically improve the performance of an existing business.
They have unquenchable self-belief that this opportunity can be made real through hard
work, commitment and the adaptability to learn the lessons of the market along the way.
They are not diverted or discouraged by scepticism from ‘experts’ or from those from
whom they seek backing and support, but willing to weigh all advice and select that
which will be helpful. They are prepared not just to work seriously hard but to back
their judgment with personal investment at a level which will cause problems if they
are wrong about the opportunity. They understand that achievements are the result of
team work and knows how to choose the necessary blend of talents and inspire them
with their vision.”
Chris Oakley OBE, chairman of web design company Chapter Eight.
Kobie Potgieter gives advise
on how to avoid emotional
buying.
7

2 YOUR MONEY August 2011 - Issue No. 11
Dear Readers,
We would like to wish all the fabulous ladies out there a happy and
successful women’s month! In celebration of Women’s month we
compiled carefully selected articles specifically aimed to assist and
inform the women across all sectors. Hope you enjoy the read!
In our previous edition we had the amazing Sanet Mey, owner of
Miracle Comfrey Cream featured as our Entrepreneur of the month.
Sanet said her local bank manager in Patensie phoned her out of the
blue one day, after she received a free copy of Your Money, handed
to her at a busy intersection in the Bay. She said Sanet has now: ‘put
Patensie on the map’. We are happy to assist Patensie.
In this edition we featured another inspiring lady, Nonzwanga Thisani
who sacrificed the comfort of her home for an entire year – along with
her family, in order for her to realise her dreams or running her own
business. This just shows us that anything is possible if you dare to
dream big and to have the courage to follow through.
On the 6th of August we are hosting an Entrepreneurial seminar to
inspire and motivate fellow entrepreneurs. We sometime hear aspiring
entrepreneurs say that they don’t have the finances to turn their ideas into a profitable business. The
aim of this seminar is to prove that you can start a business without capital and still make a success
of it. Most of our entrepreneurs started their businesses without funding.
We would also like to congratulate one of our previous Entrepreneurs, Christilene Bush, owner of
Headcandy Hairsalon in Westbourne road, on being the only hair salon in South Africa to go through
to the GOLDWELL’s Color Zoom competition in Miami during the month of October. Here she
will compete against 2500 of the top hairstylists in the world. We wish Christilene all the best in
her feature endeavours and we know she will make the most of this fantastic opportunity to not only
represent South Africa, but also the Nelson Mandela Bay.
We encourage our readers to keep on sending your article requests, and Entrepreneur of the month
nominations. Looking forward to hearing from you.
Lynn Erasmus - Publisher
Your Money - Watch it grow!!!
Cell: 074 582 0319
Email: lynn@yourmoneyec.co.za
Design and Layout:
Melanie Le Roux
Contact Details:
info@yourmoneyec.co.za
Cell: 074 582 0319
Fax: 086 576 7168
Reg no: 201010137823
Disclaimer:
Your Money is a monthly publication distributed throughout the Nelson Mandela-bay
metro and Jeffrey’s bay regions. It is an independent community newspaper that aims to
inform the public about their financial needs. The publication will not be held responsible
for the information herein or the accuracy thereof or for any consequences arising there
from. We reserve the right to edit content where we see fit. The views and opinions expressed
in the publication are not necessarily those of the editor, publisher or the publication.
The effect of Tenderpreneurship in SA
By Khusta Jack
South Africans have an insatiable propensity to
craft their own vocabulary. One of these words
or concepts is tenderpreneurship.
Tenderpreneurship is the occurrence where
some well connected elite turn themselves
into “entrepreneurs” overnight by supplying
goods or services, procured by the government
with no value addition. In simple language,
tenderpreneurship is a well orchestrated
economic manipulation of a social and political
system in an unstable political environment.
Once the governing control systems are
undermined from the top, there will be no way
of curbing this social malaise.
During my development studies in university,
I used to resent the association of corruption
with the developing world, particularly sub-
Saharan Africa. In development studies,
literature tenderpreneurship is rent-seeking.
The two concepts’ definitions are similar.In less
complicated language these concepts refer to
bribery, fraud, corruption, theft, etc. especially
when it involves government bureaucrats
and political office bearers in collaboration
with unscrupulous businessmen.A spineless,
obtuseness and an appeasing government
becomes fair game for tenderpreneurs in any
part of the world.
The outcome of this system is the extraction
of uncompensated value from others without
making any contribution to productivity. The
“economic” role played by tenderpreneurs is
to confuse corrupt rulers to follow or impose
burdensome regulations that may negatively
effect the citizens or consumers, and in doing
so undermine the normally acceptable trading
norms.
The end result of this misdirection of national
resources is: the drying up of public expenditure
money, declining life expectancy, collapse of
the education system, emigration of skilled
personnel, escalation of abject poverty, and the
fast withdrawal of serious investors.
This socially unproductive use of state money
is the source of the current financial crisis
faced by our municipalities. Blade Nzimande,
though sometimes makes dubious lip-service
pronouncements, told reporters last year that
“corruption was a great danger to all that has
been achieved in democracy and to all that
is yet to be achieved”, whilst referring to the
rampant corruption engulfing every organ of
state.
Who can fault Zakes Mda when he wrote the
following to Nelson Mandela in 1998, “Sir I am
writing to you this letter to voice my concerns
about the corruption, nepotism and cronyism
that have found their way into the South African
civil service and parastatals. Accompanied by
a burgeoning patronage system and the greed
that has taken over our lives, these threaten to
destroy the wonderful country that you and
your comrades have created for us all”.
Others have already seen tenderpreneurships’
bitter consequences at its genesis stage.
Training solution for SMEs that is winwin
all round!
By Albert Verster – Principle of Boston City Campus and Business College
A lot of companies recognize the value of
training their employees, but are constrained by
factors which may be financial or logistical. It
doesn’t always make financial sense to arrange
training for staff when you have 10 people and
they all have different training needs. You may
need facilities for training which are not freely
available, such as computer equipment or
training rooms. Due to these and other factors,
a vital part of staff development falls by the
wayside.
Boston City Campus and Business College has
a solution for such companies. According to
Kerry Damons of Boston, “through the SME
Training Voucher Project Scheme, companies
can now train different staff members in
different skills at different times through an
accredited institution, and get the training
sponsored by their SETA!”
One of the objectives of the National Skills
Development Strategy (NSDS) 2005 – 2010
is that of skills development for SME’s (small
medium enterprises). In support of the NSDS,
the BANKSETA is one of the SETA’s that
decided to participate in the SME Training
Voucher Project Scheme. This training voucher
system is intended for organisations registered
with various SETA’s such as the BANKSETA,
and with less than 50 employees (SME’s).
“The intention of this project is to increase the
investment in training and development by
small companies through a training voucher
scheme. Owing to the success of the project,
its duration has been extended at the various
SETA’s,” Damons said. The training voucher
can obviously only be redeemed at the training
provider and must be authorized. Companies
must familiarize themselves with the various
terms and conditions that are in place at the
various SETA’s.
“Recruitment is likely to be the most costly
expenditure in your business. So it pays to get
it right first time. Once you’ve got the staff you
want you can’t afford to let them drift. Coaching,
training and development are crucial not just
to ensure you have the skilled employees you
need but also to reap the rewards of a loyal
and motivated workforce who appreciate the
investment you make in them and in turn give
their best to the business,” Damons said.
In addition, if your staff members aren’t up to
date with the use of technology it will have a
negative impact on your efficiency and customer
service. Something as simple as computer and
IT courses allows the staff to build on existing
IT skills and enhance productivity. Other skills
that can enhance the profits and productivity
of a business include financial understanding
through bookkeeping and sales and marketing.
These courses provide personal development
for your employee as well as building a better
company for you.
For more information about Training Vouchers
for SMEs, contact your SETA or Boston City
Campus and Business College: Port Elizabeth
on 041 363 0778 or visit www.boston.
co.za. Boston offers over 50 dynamic career
qualifications nationwide.
August 2011 - Issue No. 11
THE OMBUDSMAN FOR BANKING SERVICES
Providing South African banking customers with a free,
informal dispute resolving service.
This Women’s month, take charge of your banking
and be on the alert for ATM banking related scams!
Card Cloning - Card cloning or counterfeiting can be described as a process whereby a
genuine bank card’s magnetic-stripe is copied and then placed on a duplicate card. This
cloned card can then be used to make purchases at point of sale devices and to make
withdrawals from Automated teller machines (ATM). With the advanced technology your
ATM card can be cloned and used in a matter of minutes and you would only notice it later.
• Do not use machines that appear to be malfunctioning or where the card slot seems to
have been tempered with.
• Do not ask for help and make sure that there is no one near while you do your transaction.
• Make sure to check your bank statement regularly so that you can see if any
transactions have been made in your account.
• Use an ATM in a secure and well lit area.
• If the machine retains your card, call the bank immediately to cancel the card.
Card Swapping Another variation of scams is the card-reader jam and swap. This can
happen at the ATM and when using your card for purchases. At the ATM the thief jams the
card reader with a foreign object. As soon as the victim unsuccessfully tries to insert his card
into the ATM, the thief approaches offering to help. The thief then puts his hand over the
victim’s card as it is inserted into the card reader and by means of sleight-of-hand he then
substitutes an old card he had in his hand with the victim’s card. He then inserts this old card
into the ATM and requests the victim to enter his PIN. The victim, thinking his card has been
inserted, enters his PIN. The thief, now having seen the PIN and being in possession of the
card, disappears to another ATM nearby to withdraw.
• Never ask or accept help from anybody at the ATM.
• Do not put your PIN number in full view of anybody, even a bank staff member.
• When using your debit card for purchases, in order to avoid your card being swopped
insist that the card swiping machine be brought to you rather than trust the person to
process the payment out of your sight.
• If they cannot bring the card swiping machine, go with them to it, and make sure that
the card returned to you is actually your card.
• Do not key in your PIN number in full view of the person offering you assistance.
The Ombudsman for Baning Services (OBS) resolves individual complaints
about banking services and products. We aim to do this impartially, fairly and
confidentially.
51 West Street, Houghton, Johnnesburg
P.O Box 5728, Johannesburg, 2000
Telephone: 011 712 1800
Fax: 011 483 3212
Email: info@obssa.co.za
Website: www.obssa.co.za
Estate Planning and Trust Services
Short Term Insurance
Professional Tax Services
Business Cover and Insurance
Company Group Benefits
Call for more info: 074 582 0319 Call for more info: 074 582 0319
YOUR MONEY
CANCER - A Life changing event
By Anton du Preez – Meadow Group Financial Services
Over the past few years I have personally seen
what devastating effects Cancer has not only
on the patient but also on their friends and
family.
The 2010 Discovery Life statistics have shown
that Cancer makes out 25% of death claims so
far. Women make around 2/3rds of this claim.
For claims under disability, Cancer certainly is
at the top list and women take up again, 2/3rds
of the statistics.
We understand that a life changing illness not
only has a major impact on your emotional and
physical bearings, but also on your financial
security.
We would therefore advise our clients to
make sure that their medical aid policies
offer and cover exactly what their needs and
requirements are. Always read the fine print of
your contracts!
For example: How would Oncology be
provided for under your medical aid cover?
Here I have found that most medical aids might
state they cover 100% unlimited, but when one
investigates more in depth you find that there
is mostly a Rand maximum value of cover they
pay up to, and in most cases I have seen R200
000 per year, per member to be the case.
3
So by being placed onto the Oncology
treatment benefit program of your medical
aid by your doctor or specialist, you might
be covered for drugs, chemotherapy, other
medication, consultations, x-rays etc, but after
your yearly limit has been reached, you might
be liable for the balance of all costs within that
year or perhaps a percentage, like 20% of the
amount due.
This is where Gap cover will benefit you. It
acts as a top up on this particular area, but
also the cases of overcharge in hospital or the
excess you pay for undergoing a scan or scope.
You could also consider a supplementary
Cancer protector that focuses more on a
monthly benefit to be payable during these
Cancer stages and or a standalone female
benefit that focuses only on cancer under
females.
Feel free to arrange a meeting with myself to
find out how we can help you.
We wish all you wonderful women out there a
Happy Women’s month!!
Anton du Preez: 083 4452 066.
Important legal requirements to consider
before buying or selling a business
By Erica Fitzgibbon – Practicing attorney
An important piece of legislation to keep in mind when selling or purchasing a business or the
goodwill of such business or any property forming part thereof (not in the ordinary course of
that business), is section 34 of the Insolvency Act of 1936. This section affords protection for a
purchaser against creditors of a business he/she is acquiring, especially against those he might not
be aware of.
Section 34 provides that if the sale was not advertised in terms of section 34, the transfer of the
business, property or goodwill shall be void against the creditors for a period of six months after
the sale. In other words the law will regard it (as far as creditors of the business are concerned) to
not have taken place. Where the transfer is declared void in terms of section 34, it means that the
ownership in the assets (fixed or moveable) or business did not pass to the transferee. Therefore
you could find yourself in a situation of “losing” the asset/business that you`ve paid for, and in a
struggle to recover the money paid for it.
What to do to avoid this situation? Make sure that a notice is placed in two issues of a local
English news paper and in two issues of a local Afrikaans news paper as well as in one issue of the
Government Gazette. Your attorney or legal consultant can assist you in the wording and placing
of these notices. The act provides further though that the actual transfer of the business or assets
must not take place before 30 days after the date of the last advertisement and not later than sixty
days after the date of the last advertisement.
The wording of section 34 is very specific and does not provide for deviation from the provisions
thereof. Non compliance with any part of the provisions therefore results in no protection for the
purchaser. Any party who ignores the provisions of section 34 does so at his/her own peril!
For an evaluation of your business contracts, legal services required and or compliancy with the
Consumer Protection Act, contact Erica Fitzgibbon Attorney on:
Cell: 084 350 7105
Office: 041 368 5147
Fax: 086 667 0418
email: attorney.erica@gmail.com.
Erica has 10 years of practical experience while working for Business Partners.

4 YOUR MONEY August 2011 - Issue No. 11 August 2011 - Issue No. 11
Advertorial: The Mandela Bay Development Agency
(MBDA) celebrates Madiba month in style, on Route 67!
By Lynn Erasmus
The MBDA was established in 2003 by the
Nelson Mandela Bay Municipality (NMBM),
with support of the Industrial Development
Corporation (IDC). It is a special purpose
development company which has become the
driving force behind urban regeneration in
Nelson Mandela Bay. One of their biggest
projects up until now has been the upgrading
of the Central Business Development (CBD)
area.
In September they will have their official
launch of the much anticipated, Route 67.This
will become a major tourism attraction, not
only for local tourist, but from an international
perspective as well. On this route, 67 art
pieces will be on display, starting off at the
Campanile, through Jetty Street, and up to the
Donkin reserve.
As part of the MBDA’s Madiba celebrations,
they invited three schools from New Brighton
to experience this route with our very own,
Miss SA Teen, Mikaela Oosthuizen (15). She
is the youngest contester and the first from
the Bay to have ever won this title. “I am very
proud to have won this title, but then Mandela
has always been my rolemodel,” Mikaela said.
She believes that the best way one can teach is
to live by example and finds this trait the most
inspiring in Madiba. She believes this project
will start changing people’s perceptions about
Port Elizabeth. “It’s great that we are focusing
on all these new developments and I always
promote my city wherever I go. We might
not be a Cape Town, but we have our own
attractions here that are unique to our city,”
Mikaela said.
The principle of Kamma Primary in New
Brighton, Mrs. Nobanto Oliphant said the
children thoroughly enjoyed the walk,
including herself. “It is great to see Port
Elizabeth is following in Cape Town’s
footsteps, we are now busy building our own
‘Table Mountain’ so to speak. Route 67 is a
beautiful and worthwhile tourist attraction,
especially the stature and the writing on the
walls. We should follow Mandela’s example
and be as loving, caring and dedicated as he
is,” Nobanto said.
She said what she embraces the most since
Mandela was freed, is the breaking of barriers
and being able to communicate freely without
hindrance and frustrations across the racial
divides.
On Mandela day, the Nelson Mandela Bay’s
executive mayor, Zanoxolo Wayile also rolled
up his sleeves and assisted in planting 94 trees
in and around the city. “To be able to pay
tribute to and honour the father of our nation,
Madiba, by donating just 67 minutes of our
time is always a pleasure. What better way to
celebrate our legendary leader than by making
every day a Nelson Mandela Day,” the Mayor
said.
He said he was encouraged to see the number
of private sector companies, public institutions,
the religious sector and individuals who rolled
up their sleeves on Mandela Day helping their
fellow human beings faced by social ills and
fighting poverty.
“To you all I say, “Nangamso” meaning,
continue to do this work to help mankind.
Don’t stop after Nelson Mandela Month,” the
Mayor said.
Our very own, Miss SA Teen 2010, Mikaela Oosthuizen
(15) sitting infront of the iron lady statue, or better known
as “the protector of the Bay” at the Donkin Reserve.
Call for more info: 074 582 0319
Nelson Mandela Bay’s Executive Mayor, Zanoxolo Wayile,
planting one of the 94 trees in Missionvale on Mandela
day, with Chuma Myoli, from the MBDA.
Front(l-r): Tarryn Kock, from the MBDA and Xolani Bobi,
a grade 7 pupil at the Jarvis Gqamlana Primary School
in New Brighton proudly signed their names on the sheet
with 2010 Miss SA Teen, which will be presented to the
Nelson Mandela Foundation. At the back: (L-R) , Mrs.
Nobanto Oliphant, principle of Kamma Primary in New
Brighton and Chuma Myoli from the MBDA.
Photo’s taken by:Tracey Anderson from Prodesign
photographers.
By Lynn Erasmus
In celebration of Women’s month, we
searched for a dynamic and inspiring
woman who not only made a huge success
of her own life, but also enriched the lives
of those around her. In Nonzwanga we
found the strength, determination, courage
and savvy business sense of the true
entrepreneur.
This is Nonzwanga’s story of passion
and turning dreams into a reality through
hard work and making sacrifices. In 2005
Nonzwanga’ husband, Zithulele was
retrenched from a large corporation. As a
close family they discussed the possible
consequences thereof and their available
options.
“I always dreamed of owning my own
guesthouse one day, but I never had a
reason or driving force behind me to turn
this into a reality. But after my husband
informed me about his retrenchment I
knew that this was a sign from God to start
my own business.”
While Nonzwanga was working in the
day as a teacher at a local High School
in Kwanebuhle she would formulate her
plans of how to turn her three bedroom
house in Uitenhage into a guesthouse. In
the meantime Zithulele used their old
Mazda to taxi passengers around as a
means of generating income.
In 2006, she registered her company,
Rainbow Guesthouse and sold their Mazda
to buy a Condo venture – to serve two
major needs. During the day the Condo
was used to transport their guests, and at
night it served as a bed for the children.
“We basically turned our double garage
into our family home. At night we would
park the Condo in the garage, push
the seats down and make a bed for the
children. My husband and I would then
pull down the single bed and sleep there
each night. In the mornings we would
get up early, refresh ourselves quickly,
get dressed and while I would cook our
guests breakfasts, my husband would park
the Condo in the driveway, all before our
guests would wake up. It was exhausting
but exhilarating all at once.”
A glimmer of amusement filled
Nonzwanga eyes as she relayed her story.
She recalled how the family would be
on standby, just waiting for the moment
that the guests would leave for work so
that they could begin performing their
daily tasks, Nonzwanga would go teach
Business Economics to her pupils, the
children would head to school and hubby
would begin his day of taxi driving..
.
“Every now and again we would have an
alert guest asking us where we stayed,
and then I would say with a smile on my
face and a wave of my hand: ‘Just around
the corner,’ and carry on with what ever
I was doing as if the question was of no
concern. There was never a dull moment,”
Nonzwanga laughed.
YOUR MONEY
Your Money’s August Entrepreneur of the Month:
From sleeping in a garage for an entire year with a family of four, to today
being the proud owner of the Rainbow Guesthouse, -Catering, -Transport and –
Restaurant chain throughout the Bay. We bring you our August Entrepreneur of
the month, Mrs. Nonzwanga Thisani.
Within 6 months of living out of their
suitcases and sleeping in the garage,
they saved up enough money, along
with Zithulele’s retrenchment pay-out,
to start building an extension onto their
guesthouse. Zithulele’s taxi business also
picked up at great speed and they bought
another Venture for him to drive around
and a Jetta for their fist employee.
In September that year, Rainbow
Guesthouse was awarded a 3-star grading
from the Tourism Grading Council. While
being a loving mother, devoted wife, an
attentive teacher during the day and a
friendly host at night would be more than
enough for most, Nonzwanga felt that
she could do more and decided to add
part time studies through Intec College
in Guesthouse Management to her list of
achievements .
In April 2007 her hard work payed off and
she was able to resign from her teaching
post. In 2008 they acquired two more
Combi’s and converted the double garage
into two en-suite bedrooms. Rainbow
Guesthouse can now cater for up to 20
people at a time and has five vehicles
available for the transport business.
“I like new challenges and while I was
always cooking for my guests, I realised I
had a great passion for making great food,
which not only tastes good but is also
well presented. So I started the Rainbow
Catering Company and am now registered
with the Municipality to obtain catering
tenders on offer.”
This was once again not enough for this
dynamic woman and she needed an outlet
to cook with passion on a more full-time
basis – and here the Rainbow Restaurant
in Kwanubuhle was born. From traditional
African meals, braai’s, pap&vleis to
formal three-course meals, Nonzwanga
always lives up to her motto: Excellence
is our norm!
Nonzwanga said she believes her success
is due to the great support from her family
and her passion for whatever she involves
herself with. She admits that it is sometime
difficult to penetrate an existing market,
but determination and excellence always
sees her through.
“My advice to fellow Entrepreneurs would
be NOT to chase the money, but instead to
chase the passion. Use every opportunity
you can get and make the most of it.
Remember you will never get the same
opportunity twice! Also, mingle with likeminded
people who you can learn from
and try to educate yourself and enhance
Call for more info: 074 582 0319
5
your skills on a continuous basis. I did not
use a cent to start my business, I used what
I had and made the most of it.”
“My advice to fellow
Entrepreneurs
would be NOT to
chase the money,
but instead to chase
the passion.”
Photography by Beverley Darlow.

6 YOUR MONEY
Your Average Joe: Men’s lives might
be simpler, but being a woman is much more fun
By Kim Murison
On shopping days
can I clearly get to
see the difference
between women
and men’s needs.
While my partner
casually tosses in
some toothpaste
for his toiletry
needs, I carefully
select vitamin
enriched shampoo
and conditioner,
facial scrub, rollon,
body spray and loads more. The toiletry
aisle really makes me realise how different
men and women’s needs are, but that’s not
where it ends.
“You really don’t need to pack three pairs of
shoes for a camping trip,” Partner moans.
“What if one gets wet or dirty? Besides, I have
different outfits for each day and the shoes need
to match them,” I say. Partner sighs deeply.
On said camping trip, I slather on sunscreen
and some hair protection serum against the
damaging rays of the sun for a trip to the
beach. Partner barely checks if his shorts are
clean. While I’m sporting a new sun hat for the
occasion, Partner is wearing mismatched flip-
flops because: “I didn’t have time to look for a
full pair.” I shake my head in amazement.
Then a much anticipated friend’s wedding:
the perfect opportunity for a new dress or
shoes, carefully selected after visiting several
different stores with the sisters for a girly day of
bonding. What does Partner do: ‘sniff-checks’
shirts and moans when I insist he wears some
cologne from the birthday gift sets he has.
Preparation for the wedding starts early as
well. Time is needed for hair, nails, make-up
and attire-selection. It could take anywhere
between one and four hours.
Partner starts his prep when I say I’m done and
does his thing in the time it takes me to walk
from the bedroom to the front door.
It seems so much easier to be a man and
definitely much easier on the pocket when it
comes to grooming and looking good. Part
of the fun of special occasions is in the pretty
dresses and colours of make-up, the selecting
of the right shoe and the discussion of said
shoe with friends...
Being a man might be easier, but being a
woman is much more fun.
Happy Women’s month!!
What does your personal brand
say about you?
By Michelle Campbell – Publicist and PR
Whether you realise it or not, you already have
a personal brand. It is out there and the people
who you interact with- whether it be on a daily
basis or as a once off, have already formed an
opinion about you.
In fact, this usually happens within 15 seconds
of first meeting someone. It starts off on a
subconscious level, but once they get to know
you better, this information is then transferred
to a conscious level. Personal branding is a
way in which you market yourself to the world
around you. Personal branding is unavoidable
and even if one lived as a recluse in the
Himalayas, you would still be branded- as a
‘recluse’- naturally so.
As people interact with you, whether it’s face
to face, on email, social media, telephonically
or any of the other ways we communicate, they
will automatically form mental associations
that connect you with certain labels. This
happens automatically as our brains are wired
to recognise patterns and form associations.
Thus the labels people attach to you become
part of your personal brand.
Our brands, can either work for us or against
us. We need to continuously monitor our own
brands and work on areas where we feel we
may need to improve. With sales people for
example- it is not their product or service that
the potential customer buys into, but rather the
personal brand of the sales person. If the buyer
successfully buys into the personal brand of
August 2011 - Issue No. 11 August 2011 - Issue No. 11
the salesperson, invariably the sale will take
place and the customer will continue on a long
relationship with the salesperson, provided the
salesperson maintains or improves the personal
brand which was bought into in the first place!
A quick way to monitor your personal brand is
to continuously ask those around to (without
putting too much thought into their answers)
best describe you in three words. This will give
you a good indication of how other sees you
and how they process your personal brand. You
should also do this exercise yourself from time
to time. How would you describe yourself in
three words if I had to ask you that question
right now?
Surprisingly you will find that your answers
will change quite drastically from time to time.
Take cognisance of how you communicate with
others (how quickly do you answer that email,
do you air your ‘dirty laundry on Facebook, do
you arrive for a function if you said you were
going?) and be aware of the fact that everything
you do, sends a message to others.
Remember, there is no such thing as reality,
only perceptions. What perceptions are you
creating?
Avoid Emotional Homebuying
By Kobie Potgieter, Owner of Remax Independant
Every year,
thousands of
people enter the
home market or
others decide
it’s time to
relocate and
buy a new
home. This can
be one of the
most exciting
times in one’s
life, full of
new beginnings -- as long as you buy the right
house for you.
Often, however, our emotions cloud our better
judgment and this can lead us into buying a
home that’s simply not right for us.
No matter how much money you have most of
us get emotionally involved with our decision
to buy or sell a home. There are many reasons
for this. Firstly for many of us it is the largest
purchase we will make and because of this it
can be tied to our ongoing financial security.
It is also the place you live, so even if it is not
one of your biggest assets, making the right
decision can dramatically impact your life.
Perhaps the biggest risk emotionally is
falling in love with the wrong home. Maybe
you fell in love with the fabulous backyard,
and overlooked the fact that there’s only one
bathroom for your growing household. Or
it could be the expanded family room that
caught your attention -- even though the house
is located on a very busy street. After all even
“Buckingham Palace” is on a main road.
When you get too emotionally involved in this
decision you can often make critical mistakes
that you may regret for a lifetime. It also can
dramatically impact your quality of life and the
lives of those you care most about.
It’s also easy to jump into the wrong home if
you’re relocating to a sought-after area and are
afraid that you won’t find another home close
by. And if you begin to equate a home with
your happiness -- imagining the “perfect” life
that the breakfast nook and bedroom fireplace
will create -- you’ve already lost control. As
tempting as it may be to assume that all of your
problems will disappear as soon as you get the
keys to your flawless abode, we all know that it
takes more than a house -- even a “perfect” one
-- to make us happy. And in time, the novelty
will wear off and you’ll suddenly see the things
you couldn’t with your rose-colored glasses.
Most mistakes when buying a new home are
emotionally based. So how do you stay in the
control when your emotions are going in a
million different directions, from excitement
to hope to anxiety?
You need to take the emotional tug-of-war out
of the decision and remember your priority list
of Needs and Wants. You are then much more
likely to make a decision that will satisfy you
and your family in the long-term.
Indeed, the best option is to approach homebuying
with as much logic and savvy as you
would any other major decision, and only
when you have removed the emotions are you
able to think clearly.
Little Walmer Golf Estate- Early R4 000 000
This grand, architecturally designed home is situated in the secure
and Upmarket Little Walmer Golf Estate. The front door opens into
a spacious double volume reception room with marble stairs that lead
up to the first floor. There are two bedrooms on the ground floor with
the remaining rooms and living areas on the first floor (which opens
directly onto the golf course).
The living areas are open plan and flow seamlessly through to one
another, with the sunroom and lounge both opening into the sunny
garden, which leads onto the green of the first tee. There are no fences
around any of the properties, creating a friendly and neighbourly
environment. Air conditioners in all the bedrooms and the lounge
ensure comfortable living conditions all year round.
The home is fitted with an armed response alarm system and there is a
security gate across the passage, allowing one to secure the first floor
bedrooms at night. An automated irrigation system in the front and back
feeds the garden and one has highly reduced membership fees for the
Little Walmer Golf Club. There is an access controlled entrance to the
estate with 24-hour guards and an electrified perimeter fence.
4 Bedrooms (2 En Suite), 3 Bathrooms, Lounge, Dining Room, Kitchen
with Scullery, Sun Room, Double Garage on Remote, Domestic/Guest
Room with En Suite.
Kobie Potgieter 082 771 2578
Call for more info: 074 582 0319 Call for more info: 074 582 0319
YOUR MONEY
To BEE or not to BEE
By Lynn Erasmus
Having a black business partner is not
neccassary to obtain a good B-BBEE
scorecard. This is according to Yolandi van
Tonder, B-BBEE verification Specilist from
Emex Trust, a SANAS accredited B-BBEE
verification agency.
“There is a great misconception out there that
you have to sell a portion of your company to
obtain BEE status, this is not true. Companies
who’s turnover is under R5 million per annual
will be exempted and receive a level 4 B-BBEE
status,” van Tonder said.
Having B-BBEE status can improve business
opportunities and even give you the edge over
the competitor.
As from December, the new Preferential
Procurement Policy Framework Act (PPPFA)
will be reconciled with B-BBEE, especially
with regards to the tender processes.
“The PPPFA states that you are awarded 10
points for being a level 1 BEE contributor.
If you were non-compliant you would get no
points. In order to win the tender your prices
need to be 10 points better than your competitor
who may be level 1,” van Tonder explained.
If the company’s turn-over is between R5
million – R35 million per annum, then they will
be classified as a Qualifying Small Enterprise
(QSE). This will mean that any four of the
seven elements can be chosen to be measured
on. Here ownership can be excluded under one
of the seven elements.
7
If the company’s turn-over is over R35 million
per annum, they will be classified as a Generic
Enterprise and will have to comply with all
seven elements as seen below:
• Ownership - black ownership /shareholding
of the company.
• Management and Control - Senior Top (e.g.
CEO) or Other Top management.
• Employment Equity – Black line management
who are permanently employed.
• Skills Development – Cost of training
provided to your black employees.
• Preferential Procurement – Goods or services
purchased from an entity with a valid B-BBEE
certificate issued within your measured
financial year period.
• Enterprise Development – Black owned
(more than 50% black owned) entity that you
have assisted for further development.
• Socio-Economic Development –
Contributions made towards your black
employees, or the greater good of black
beneficiaries.

8 YOUR MONEY
How to change a tyre
A survey conducted by spice4life.co.za has revealed that nearly 65% of South African women
are less than confident when it comes to changing their vehicle’s tyres. Keep this copy of Your
Money close to your spare-wheel and jack in the unfortunate event of a flat tyre and no-one in
sight to assist you.
1.First keep the following tools, (in working order) in your car at all times.Get a reliable and
portable jack to lift your car. An inflated spare tyre (same size as the rest of your tyres.)A wheel
spanner to remove and fit the wheel back on.
2. Park your car on an even ground or turn your wheel towards the pavement and park as close to
it as possible to avoid rolling. Pull the handbrake up and put car in gear. If it is the back wheel,
you will have to take the handbrake off to ensure the wheels can be loosened and safely removed.
3. Loosen the hubcap (unless you have mag wheels) and the wheel nuts before you jack the car.
Most nuts loosen anti-clockwise, unless they have an ‘L’ written on them, in which case you turn
clockwise. Don’t remove the nuts completely.
4. Once the wheel nuts are loose, jack your car up, but not too high – the further you lift the car,
the further you’ll have to lift the new wheel off the ground.
5. Remove the wheel nuts and take the wheel off, (don’t lose the wheel nuts!)
6. Place the new wheel on and loosely tighten the wheel nuts. Only tighten them completely once
you have lowered your car back onto the ground. Tighten the nuts as firmly as possible, stand on
the wrench if you need to, and don’t forget to put the hubcap back onto your wheel once you’ve
finished.
Lastly, don’t forget to get your punctured or flat tyre fixed or replaced as soon as possible.
Source: http://www.firstforwomen.co.za/How-To-Change-A-Flat-Tyre
Nissan leaf to make an appearance
at Joburg motor show
The groundbreaking Nissan LEAF, Nissan’s
mass market zero emissions electric vehicle
which has already been rolled out in Europe,
Japan and North America, will be showcased
at the 2011 Johannesburg International Motor
Show to be held at the Nasrec MTN Expo Centre
in October.
The first in a series of EV vehicles to be
produced by the Japanese auto manufacturer,
the LEAF has already won accolades as 2011
World Car of the Year and European Car of the
Year. Popularly known as the Joburg Motor
Show, the event will also provide a platform
to showcase Nissan’s wide range of vehicles,
which feature advancements made in low
emissions technology:
“We are dedicated to lowering our carbon
footprint to ensure a sustainable future. This is
reflected in on-going technological development
to reduce the impact of our vehicles on the
environment”, Mike Whitfield, Nissan SA’s
managing director said.
An estimated 275 000 visitors - many from
Africa, Europe and the Far East, are expected to
attend the Joburg Motor Show, which is open to
the public from 08 to 16 October 2011.
just how BIG small can be
Call for more info: 074 582 0319
33429 COTY mag 210x273.indd 1 11/24/10 3:47:00 PM
August 2011 - Issue No. 11