Opportunity - Issue 94
Quarterly journal for business and industry in South Africa Business unusual It has been estimated that the economy will take two to three years to recover from Covid-19 and the subsequent economic collapse. From now to there, the journey will indeed be business as unusual. My pledge, as the new editor of Opportunity magazine, is to provide cutting-edge content that guides our readers on how to rise above the current business trajectory and to circumvent the consequences that are now laid before them. In this issue, Mike Townshend from Foord Asset Management writes, in ‘The evolving politics of oil’ (page 8), that oil has caused wars, assassinations, man-made disasters, coups and still affects every person in the world today. On page 10, Rebecca Major from leading global law firm, Herbert Smith Freehills, shares her insight on how to navigate African oil and M&A deals in these volatile times. Both of these writers will present more on these topics at Africa Oil Week. The transport services sector has been severely affected by the pandemic, but help is at hand. Digital transformation is set to disrupt the sector – technology has transformed the railway industry globally and implementing technological innovations could be a game-changer for rail transport in South Africa. Read more on page 17. Celebrating Women’s Month in August, Opportunity interviews the newly appointed CEO of Petroleum Agency South Africa, Dr Phindile Masangane (page 12), as well as founder and owner of Nemesis Accounting, Shani Naidoo (page 14). The South African Chamber of Commerce and Industry (SACCI) has a pivotal role to play in guiding the business of its 22 000 members. The Chamber believes that businesses should actively engage in the strategic and recovery implementation processes towards inclusive growth – read more in the CEO’s message on page 4. Let’s work together in building a resilient, risk-savvy and formidable nation. Alexis Knipe, Editor
Quarterly journal for business and industry in South Africa
Business unusual
It has been estimated that the economy will take two to three years to recover from Covid-19 and the subsequent economic collapse. From now to there, the journey will indeed be business as unusual. My pledge, as the new editor of Opportunity magazine, is to provide cutting-edge content that guides our readers on how to rise above the current business trajectory and to circumvent the consequences that are now laid before them.
In this issue, Mike Townshend from Foord Asset Management writes, in ‘The evolving politics of oil’ (page 8), that oil has caused wars, assassinations, man-made disasters, coups and still affects every person in the world today. On page 10, Rebecca Major from leading global law firm, Herbert Smith Freehills, shares her insight on how to navigate African oil and M&A deals in these volatile times. Both of these writers will present more on these topics at Africa Oil Week.
The transport services sector has been severely affected by the pandemic, but help is at hand. Digital transformation is set to disrupt the sector – technology has transformed the railway industry globally and implementing technological innovations could be a game-changer for rail transport in South Africa. Read more on page 17.
Celebrating Women’s Month in August, Opportunity interviews the newly appointed CEO of Petroleum Agency South Africa, Dr Phindile Masangane (page 12), as well as founder and owner of Nemesis Accounting, Shani Naidoo (page 14).
The South African Chamber of Commerce and Industry (SACCI) has a pivotal role to play in guiding the business of its 22 000 members. The Chamber believes that businesses should actively engage in the strategic and recovery implementation processes towards inclusive growth – read more in the CEO’s message on page 4.
Let’s work together in building a resilient, risk-savvy and formidable nation.
Alexis Knipe, Editor
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of Legal, Business, Finance and Entrepreneurship and of People<br />
Performance and Development.<br />
Why should companies choose Nemesis Accounting?<br />
We are geared for the South African SME. Having been through<br />
the low end of starting a business to where we are now, puts us in<br />
a synergistic position with South African businesses. Also, the fact<br />
that we are using psycho-social methodologies in our problem-solving<br />
applications with our clients has shown us that this is the way to go to<br />
achieve impactful results. We serve an international client base and<br />
have been since 2010. Our international clients are all referrals from<br />
KPMG. We have intensive experience with the South African Reserve<br />
Bank and international transacting. The nature of our game is problem<br />
solving and advancement.<br />
huge CSI impact in terms of social development and socio-economic<br />
upliftment and sustainability. SME Warrior and Nemesis Accounting<br />
are involved from a training and learning perspective for CSI and<br />
socio-economic execution and development.<br />
What has been the highlight of your career?<br />
2010: Nomination for Small Business Entrepreneur of the Year<br />
2018: Our first Women’s Day Event<br />
2019: Qualifying as a GCologist – GC Index (UK) accredited facilitator<br />
and trainer and Masters NLP practitioner<br />
2020: The launch of SME Warrior Entreprenuer Academy. An online<br />
platform of learning and development comprising of the Schools<br />
What should we hope to see from Nemesis Accounting in the near future?<br />
As we stand now, we are restructuring our service offerings to include<br />
business advisory service as well. We have been working on this for<br />
the last year and this will be one of our new features. We will be<br />
offering this and additional customised offerings to small businesses.<br />
What is your personal mission for Nemesis Accounting?<br />
My purpose is to utilise all my qualifications and skills for the<br />
benefit and upliftment of skills development and enhancement in a<br />
forever-changing economy. The goal is to bring about life-changing<br />
sustainability and transformation to businesses, business owners and<br />
individuals in their personal capacities.<br />
How has Covid-19 impacted your business?<br />
At the onset of Covid-19, we already knew the biggest dip would be<br />
the small business clients. Fortunately, due to our international client<br />
base, this has cushioned the impact a bit. We are continuing and have<br />
made slight changes to mitigate further effects.<br />
PROFILE<br />
THE COVID-19 NEW BUSINESS WOMAN OF THE FUTURE<br />
SME Warrior will be hosting a virtual seminar looking at the<br />
current/post Covid-19 pandemic business woman. The seminar<br />
sets out to address the challenges that lie ahead for women in<br />
business current and post-coronavirus pandemic. It will probe<br />
what lies ahead for her, the new trajectory she will face, a new<br />
way of thinking, new habits and the grounded intrinsic values<br />
she will need.<br />
Founder of SME Warrior and Director<br />
at Nemesis Accounting, Shani Naidoo<br />
feels that irrespective of the Covid-19<br />
pandemic, the gains that have been<br />
made so far in addressing inequalities<br />
faced by women in business have<br />
been quite reserved.<br />
www.kearney.com<br />
“Even before the coronavirus pandemic, women have always<br />
been marginalized when it comes to the business world,” says<br />
Naidoo. In 2017, Statistics South Africa found that despite<br />
women making up just over half of the population, they remain<br />
relatively unrepresented in positions of authority and power. The<br />
same report by Stats SA found that out of the top 40 JSE-listed<br />
companies, only one company had a female CEO.<br />
Join us on 28 August 2020, as we talk about these inequalities<br />
from the past, the challenges and who women will need<br />
to become to surpass this now and continuing after the<br />
Covid-19 pandemic. For any enquiries and to reserve your spot,<br />
email info@smewarrior.biz or shani@nemesisaccounting.co.za.<br />
Follow our social media platforms: LinkedIn: SME Warrior Za<br />
Facebook: SME Warrior<br />
Twitter: smewarriorza<br />
Awaken the Warrior Within
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