May 2014

1 Issue 2| May 2014

Social|Economical|Political Minded Leaders MAY 2014

Tsepiso

Makhubedu

Youth and student

Spending in SA

“I started doing business

at the age of 12”

R19.50 ISSN 2310-8827

ISSU

E 0

02

Money

caught with

pants almost

down.

Silent

Of spaza shops?

Voting EFF?

2 Issue 2| May 2014

“Entrepreneurship is not a career but a religion” Komane Golden-Circle of Concern Magazine Founder & Editor-In-Chief

3 Issue 2| May 2014

“Entrepreneurship is not a career but a religion” Komane Golden-Circle of Concern Magazine Founder & Editor-In-Chief

4 Issue 2| May 2014

Dear South Africa 8

Forewords from Junior editor 9

Tsepiso Makhubedu 12

Funding Institutions 16

ABC ‘s of a business plan 18

Books to read as an Entrepreneur 21

Money lender caught with pants almost down. 22

The silent death of spaza shops 25

Competition in banking industry! Good or Bad? 28

Youth and Student spending in SA 30

DA visits Soshanguve twice in a month 36

Voting EFF 37

YOLO misused or misunderstood? 40

Debate 42

Youth and Student

spending in SA

Editorial Letter

Finance & Business

Law & Economics

Entrepreneurship

Social & Politics

5 Issue 2| May 2014

Sports as a career in SA 44

You have a degree in Sport Management, NOW

WHAT? 46

South Africa promoting mediocrity with the

current educational policies. 50

Unemployment rate in SA 53

Education

6 Issue 2| May 2014

THE MAGAZINE TEAM EDITOR-IN-CHIEF

Komane Golden | [email protected]

JUNIOR EDITOR

Molebogeng Mashobane | [email protected]

FINANCE EDITOR

Kulani Mhlanga | [email protected]

LAW & ECONOMICS EDITOR

Donald Msiza | [email protected]

JOURNALISTS

Athi-Enkosi Majavu

Simphiwe Nkosi

Bongani Rakgalakane

Prince Moeng

Andrew Sako

Marvin Malaka

PHOTOGRAPHER

Reinhard Nell

SUBSCRIBTION

Simphiwe Nkosi | [email protected] | 071 328 7107

ADVERTISING

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PUBLISHER

CATHEL Group (Pty) Ltd | [email protected] | www.cathelgroup.co.za

Services

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Project consulting

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Strategic Plans

Due Diligences

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Studies

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Business Solutions

Business and Manage-

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Turn Around Plans

Business Training Includ-

ing: Workshops, seminars

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Research Plans & Reports Proposals and Investment

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Opinions expressed in this publication are those of the authors and do not necessarily reflect those of this mag-

azine, its editor or its publishers. The mention of specific products in articles or advertisements does not imply

that they are endorsed or recommended by Circle of Concern Magazine or its publishers in presence to others

of a similar nature, which are not mentioned or advertised. While every effort is made to ensure accuracy of

editorial content, the publishers do not accept responsibility for omissions, errors or any consequences that

may arise therefrom. Reliance on any information contained in this publication is at your own risk. The publish-

ers make no representations or warranties, express or implied, as to the correctness or suitability of the infor-

mation contained and/ or the products advertised in this publication. The publisher shall not be held liable for

any damages or loss arising , incurred by readers of this publication or any/ other person/s. The publisher dis-

claim all responsibility and liability for any damages, including pure economic loss and any damages, resulting

from the use of any service or product advertised in this publication. Readers of this publication indemnify and

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mailto:[email protected]

7 Issue 2| May 2014

8 Issue 2| May 2014

Dear South Africa

I wish I could talk to you privately but I am quite sure that E-Video is

watching us just like Eat-All that is erroneously pronounced as E-toll.

After I heard by Zimbabwe that you are paralysed I then asked the

folks how, they seem to be ill-informed too. Please tell me what real-

ly paralysed you and who caused that. All I want to see is you and

check how can I be of help to you and rescue you from fats mouths

of the mafias.

It is politics or civil obedience that brought hunger to your people?

Was the BEE really bee for some people to get honey from it? Why

our policies are still treated as employment contract? Who really

came up with the tenderpreneurship model? Why people lack fellow

feeling and try to hide with Christianity? Why charity is confused

with tax avoidance? Most importantly why are you nameless and

called South Africa because you are at south of Africa.

My wish is to erase the line that is used to divide the poor from the

rich, the ugliest from the pretty ones, and the politicians from the

compatriots. Enough with questioning but I still want to bump into

you though to discuss this whole terror thing. Please come back my

beloved country and I would love to bond with you again

Editor-In-Chief Komane Golden

EDITORIAL

9 Issue 2| May 2014

Write to the Editor

Express yourself by writing a letter to the editor. The editor reserves the right

to edit and make changes where necessary. The opinion expressed by readers

is not that of Circle of Concern and printers of the magazine. Please write in a

language that is free from racism, sexism and does not promote hatred. Let-

ters are not published on first come first serve basis. All the letters must be

directed to the following email:

[email protected]

Editorial Letter to Readers

It feels like I am writing a love letter, the excite-

ment of writing this editorial letter to our won-

derful readers. Presenting the second issue of

CIRCLE OF CONCERN magazine covering eco-

nomic, social and political concerns from all

around the world. I hope that after reading this

refined magazine you will realise that no one

knows everything and it is important to keep on

paging through those leaves. When it gets

though, we depend on the boundless hope be-

cause it allows us to go where we have not been

and it teaches us to believe in ourselves. Never

underestimate your own strength and believe.

Everything that happens to you is a reflection of

what you believe about yourself. The global mo-

tivational speaker Les Brown once said that

someone’s opinion of you does not have to be

your reality.

Hope that you enjoy this issue, do not forget to get a

next month copy of the magazine or you can simply

subscribe and it will be delivered to you. If you wish

to achieve worthwhile things in your personal and

career life, you must become a worthwhile person in

your own self development.

Power to our women

EDITORIAL

Molebogeng Mashobane– Junior Editor

Junior Editor

10 Issue 2| May 2014

“Let your dreams take you to where your soul is.” Unknown


“Let your dreams take you to where your soul is.” Unknown


COVER STORY

Co-Founder of Royal-T Books, author, motivational speaker and a

patriot of financial literacy, social entrepreneurship and youth em-

powerment.

By Komane Golden


Biography

Tsepiso Makhubedu was born on the 17th of March 1993 in

the beautiful township of Kanyamazane, into a single mother

headed household as the middle child of three sisters. From

the tender age of 12 (in 2005), she founded a successful

events management company which was dissolved in 2011 in

order to pursue the establishment of a publishing company,

Royal-T Books, which she founded with an amazing young

man, Comfort Dhlamini. She is the runner-up of the second

season of The Big Break Legacy reality TV show competition -

the youngest person and only woman in history, to have made

it to this profound level.

She has made her life's mission to push the advancement of

financial literacy and the entrepreneurial spirit of the masses

as she believes that these two elements are the basic drivers

of the prosperity of an economy.

In all essence, she is a powerful, young woman who is willing

to do anything to ensure that her work is as great as her ambi-

tion.

How did you come about being a social entre-

preneur?

I started doing business at the age of 12 but by that time it

didn’t click to me that I am an entrepreneur. At that age I was

involved in event Management Company. As a child I never

knew what to do with the money that is why we came with

the business idea of starting a publishing business which can

be used to advocate the concept of financial literacy to kids.

Why entrepreneurship not employment?

I would say that it is the matter of gaining full control of your

destiny and still make enough money to sustain yourself for

the kind of lifestyle that you want. I can easily make it in the

corporate sphere but I chose to take all the energy and the

drive that I had and rather push towards fulfilling my dream by

starting my empire. I want to spend the rest of my life chasing

a passion not a pension.

Interview Quotes

I started an event management

company with other two partners at

the age of 12.

It is the matter of gaining full control

of your destiny.

I chose to take all the energy and

the drive that I had and rather push

towards fulfilling my dream.

I want to spend the rest of my life

chasing a passion not a pension.

Don’t go there for money. Let your

passion drive you

Most entrepreneurs will tell you

that you wont have down once you

get to the top, trust me there are

ups and downs.

Business is so hard

that even a rational

person would give up

If it was not for love.

COVER STORY

By Komane Golden


What do you have to as an entrepreneur to

get to the top?

I would say that you have to be bold and be-

lieve in what you bring to the market. I think

when you start getting business a lot of things

fall into perspective; if you think about it busi-

ness requires so much time and energy. That’s

where you will have to start prioritising, un-

fortunately you will have to cut some people

in your life, and it might have to be your

friends or family. You must stick to the people

that will get you further in life. But at the end

of the day people are going to tell you that

you are self-made and it’s all about you. There

is no such thing as self-made entrepreneur;

we are all the victims of our surrounding. You

surround yourself with the best of the best to

get to the top. Remember that quality thrives

over quantity.

Interview Quotes

We have to lose in order to

gain

The only thing that will keep

you going is passion

Every entrepreneur must have

financial literate


COVER STORY

Do you believe in giving back to the community?

YES! Even if you believe in God or what, just know that the

universe requires you to give back something. No one is go-

ing to fill your glass even if its already full, so you need to get

some of them out. I do a lot of seminars to help young peo-

ple to bring the to the circle of financial literacy. We go to

schools with my NPO to teach young ones about teenage

pregnancy and giving away toiletries. We don't want these

young girls to start doing nasty stuff because they want to

buy themselves those toiletries.

How can young entrepreneurs be part of the solu-

tion?

Young entrepreneurs, if you see a spaza shop problem in

your community go there and talk to those owners. Give

them what you have, it might be expertise or full solution of

the kind of a problem they are facing. Don’t go there for

money, go with the mentality of changing and bettering the

world. You will never know your powers until you use them.

As you mentioned that you started a company at

the age of 12, then what were you doing with the

profit?

Oooh (Laughs) it’s a funny story. I realised that we made a

lot of money, obviously we you buy things in bulk turn to be

cheap. We would split the profit into three because we were

three. We blew the money , so it wasn’t sustainable business

because we were financially illiterate and didn't know what

to do with the money. The whole story led to the establish-

ment of Royal-T Books. We didn't know that we are entre-

preneurs by that time, it only came now.

FUNDING INSTITUTIONS

Business Partners Lim-ited

Commercial Banks

Khula Enterprise Fi-nance

Communities Fund and Small Business Hub Pro-gramme and Small Busi-ness Hub network

Industrial Development Corporation - (IDC

South African Invest-ment Network

Sasfin Private Equity

The International Tour-ism Marketing Assis-tance Scheme (ITMAS)

African Contractors Fi-nance Corporation (Pty) Ltd

Business Finance Pro-motion Agency (BFPA)

National Youth Develop-ment Agency: National Youth Fund

The Land and Agricul-tural Development Bank of South Africa (Land Bank)


ABC’s of a business plan FIVE out of seven small businesses started in South Africa will fold in the first year. This is against a global average of one out of two small business-es that fold in the first year. This startling figure was released by Trade and Industry Minister Rob Davies at a media briefing ahead of the tabling of his budget vote in Parliament. A study by SmartCompany shows that 50% of SMME’s started said they fail because of poorly designed business models or no business plan. Alan Lakein said, “Failing to plan is planning to fail”. This article aims at giving simple advice about how to construct a business plan that will be bankable and which will also be operational and craft a route of success for the business in order to curb the above statistic. If you don’t know exactly where you’re going, how will you know when you get there?

A business plan is the compass that directs a company in the desert of challenges. Business owners can easily derail if not guided by a plan. A fi-nancial business plan is the kind of business plan written with the sole aim of getting fund/ finance from financial institution. An operational business plan is the real driving force behind the success or failure of achieving the objective(s) of the business plan. It has to do with the intangible aspect of business plan. According to Standard Bank, a business plan is a detailed overview of the current position of a business, where it wants to go, and how it plans to achieve its goals. It is a summary of a business's past, pre-sent and future.

The simple act of writing down your idea and outlining how the business will operate can be helpful to ensure that you communicate your vision and that everyone is on the same page. It also helps you benchmark and check your progress as the company grows. Your business plan should be clear and provide a roadmap for your company. Without a plan, you’ll find it more difficult to communicate your vision and see a path to growth.

Now that you understand why you need a business plan here is a template of a business plan below:

Executive Summary

Within the overall outline of the business plan, the executive summary will

follow the title page. The summary should tell the reader what you want.

Clearly state what you're asking for in the summary. It includes things like

Business ideas, prevailing situation (e.g. global economic crisis), critical

success factor, financial statements/ forecast etc.

ENTREPRENEURSHIP


Competitive Analysis

The purpose of the competitive analysis is to determine the strengths and

weaknesses of the competitors within your market, strategies that will pro-

vide you with a distinct advantage, the barriers that can be developed in or-

der to prevent competition from entering your market, and any weaknesses

that can be exploited within the product development cycle. Include data

about; industry analysis, degree of competition, waves in the industry, major

competition, cutting edge product/ service, opportunities, strengths, weak-

nesses, risk(treats) etc.

Design & Development Plan

The purpose of the design and development plan section is to provide inves-

tors with a description of the product's design, chart its development within

the context of production, marketing and the company itself, and create a

development budget that will enable the company to reach its goals.

Operations & Management Plan

The operations and management plan is designed to describe just how the

business functions on a continuing basis. The operations plan will highlight

the logistics of the organization such as the various responsibilities of the

management team, the tasks assigned to each division within the company,

and capital and expense requirements related to the operations of the busi-

ness.

Financial Factors

The financial plan consists of a 12-month profit and loss projection, a four-

year profit and loss projection (optional), a cash-flow projection, a projected

balance sheet, and a break-even calculation. Together they constitute a rea-

sonable estimate of your company's financial future.

Business Description

The business description usually begins with a short description of the indus-

try. When describing the industry, discuss the present outlook as well as fu-

ture possibilities. You should also provide information on all the various mar-

kets within the industry, including any new products or developments that will

benefit or adversely affect your business.

Market Strategies

Market strategies are the result of a meticulous market analysis. A market

analysis forces the entrepreneur to become familiar with all aspects of the

market so that the target market can be defined and the company can be po-

sitioned in order to garner its share of sales.

ENTREPRENEURSHIP


A bankable business plan must account for the three “Cs” that every

bank/ banker look out for in any business plan. They are; Character,

Credit and Collateral. Some elements of challenge must be incorpo-

rated in the business plan for it to be complete. Action plans must be

clearly mapped out to direct the actions of business stakeholders. This

is important to be included in the business plan so as to take care of

the stress that comes with implementing business plan.

In conclusion, the real value of creating a business plan is not in having

the finished product in hand; rather, the value lies in the process of

researching and thinking about your business in a systematic way. The

act of planning helps you to think things through thoroughly, study

and research if you are not sure of the facts, and look at your ideas

critically. It takes time now, but avoids costly, perhaps disastrous, mis-

takes later. The rate of business failure will be reduced significantly if

individuals should just learn how to write both bankable and opera-

tional business. “If you don't know where you are going, you'll end up

someplace else.” ― Yogi Berra

ENTREPRENEURSHIP


BOOKS For Aspiring Entrepreneurs

BOOKS


T he Financial Intelligence Centre Act (FICA) 38 of 2001 defines, in section 1 of the Act, ‘money laun-dering’ as; an activity which has or is likely to have

the effect of concealing or disguising the nature, source, location, disposition or movement of the proceeds of un-lawful activities or any interest which anyone has in such proceeds. On Wednesday the 16th of April ’14 the South African Reserve Bank ordered South Africa’s four largest banks to pay a collective sum of R125 million in fines for having failed to put measures into place to guard against any money laundering activities as per according to FICA. The SARB conducted inspections at respective banks and came to a conclusion that none of them had put in place, as per according to FICA, money laundering combating measures. Standard Bank was ordered to pay a sum of R60 million for having failed to improve measures in regards the detec-tion of property associated with terrorists. Interestingly enough, though fined for the very same reason, Nedbank is to only pay an amount of R25 million. FirstRand immedi-ately committed to resolving the issues detected by the SARB inspection after having being told to pay R30 million worth of fines. All banks, inclusive of the Amalgamated Banks of South Africa, now-again, a corporate baby of Bar-clays, Absa which is to pay R10 million to contribute re-spectively into the Criminal Assets Recovery Account as per according to FICA. The SARB has however in a statement highlighted that the failure to implement the germane measures necessitates not that the banks had been facilitating prohibited trans-actions; however, logically it is reasonable to conclude that not having watertight safeguards makes the country’s fi-nancial market susceptible to being manipulated by mon-ey launders and terrorists.

In terms of Section 22 of FICA an institution has a duty to keep record of business relationships and transactions of every person whom in terms of Section 21 of the same Act a duty is imposed on institutions to identify and verify inter alia, his identity before establishing relationships with. Standard Bank respectively acknowledged failure to comply with Section 22. In January 2014 the Standard Bank’s UK subsidiary, Stand-ard Bank plc was fined £7.6m by the UK’s Financial Con-duct Authority for failures in its money-laundering con-trols. The fine related to the way in which the bank as-sessed commercial customer risk and followed the author-ity’s review of some historical client files initiated between December 2007 and July 2011. This, however, has no bear-ing whatsoever on the South African subsidiary, if any-thing, it only says relevant authorities need to do regular inspections and impose huge fine where necessary for the financial sector to be as immaculate as desired. FICA was promulgated to combat money laundering activi-ties and the financing of terrorist and related activities; to impose certain duties on institutions and other persons who might be used for money laundering purposes and the financing of terrorist and related activities and it is widely accepted that banks are in the front line in the fight against money laundering. If they accept business from high-risk customers, or any other customer for that matter without having properly identified the person in terms of FICA, they are placing themselves in a position where it is easy to be used for clearly prohibited activities in terms of legislation, they must have effective systems or measures, controls and practices in place to manage that risk. The banks had failed in that regard and the SARB must be sa-luted for having its job well done! [email protected] @nmsiza

By Donald Msiza

Money lenders

caught with

pants almost

down

LAW & ECONOMICS


D evelopment is what eve-

ry South African longs

to see but do we really

know the price tag of it? The ques-

tion might even make you nod

your head doubtfully but the truth

of the matter is that there is

“nothing for mahala”, indicating

that someone must suffer as a re-

sult.

Urbanising townships and rural

areas threatens the forthcoming of

most mini-shops, because people

can get the same products at the

cheaper price somewhere else or

might even consider shopping at

the most sophisticated place so

they say. These spaza shops can-

not compete with the well-

established supermarkets like

Shoprite. Spaza shops play a sig-

nificant role in transitional & de-

veloping countries like South Afri-

ca, in easing successful adjustment

to globalisation & structural im-

provements.

The presence of these mini-shops

provides a means of survival to the

majority of deprived individuals in

poor communities and they even

give a credit facility, which makes

them unique. This shows the ne-

cessity of rescuing these mini-

shops because they are currently

under fire. Something has to be

done and urgently.

If we let these mini-shops die, then

we are simply padlocking entre-

preneurial potential in our beloved

country. Where are you going to

buy bread in the morning when all

these huge supermarkets are still

closed? They are small but make a

difference in our communities.

Their importance cannot be disput-

ed at all, mostly in poor communi-

ties.

Spaza News reported that there are

at least 100 000 spaza shops in South

Africa- with an estimated 40 000 lo-

cated in Gauteng province and with a

collective turnover of R7 billion per

annum. Each spaza shop employs be-

tween two to three people, who in

turn support an average of four fami-

ly members. This translates into al-

most one million people benefiting

from the existence of a spaza shop in

their neighbourhood but the bigger

question is who benefits from that

employment? Even if that is not the

theme of this article but it is im-

portant that in future, we address

such.

Silent

By Komane Golden


Health issues are still looming be-

cause foreign internationals spaza

shops are criticised of being unhy-

gienic as they sell and sleep in the

same nest. This happens because

majority of these shops are not

monitored and even if they are,

maybe people monitoring them

take bribes. The health might as

well drive consumer‟s mind to

consider buying from those bigger

supermarkets than spaza shops.

These problems might as well con-

tribute to so-called silent death of

spaza shops. If issue like this one

is not properly addressed, we

might see numerous graves of spa-

za shops in few years to come.

Given the fact that most spaza

shop owners are N business clue-

less, this issue might not be a

problem at all.

A worth-taking journey to

Soshanguve streets unveiled

shocking comments on this prob-

lem. Themba Sibanyoni, a Busi-

ness administration student at

UNISA said, “Spaza shops will

not die now, it is part of township

tradition”. “Buying at these mini-

shops is quiet convenient because

you cannot buy one cigarette at

Shoprite or Spar. They might be

experiencing sales decrement but

they are still relevant to us”, he

added. What he says make much

more sense because their operating

hours favours everyone including

workers and they are close to our

homes.

The spaz shop owner who request-

ed to remain nameless said, “The

income is declining but our cost

also decrease because we can save

transport cost by buying our stock

close-by”. What he says makes

sense because the cost also went

done; it is the matter of using Cost

Benefit Analysis to understand the

situation. “Our spaza shops will

always be relevant to our people

because we sell per unit. There is

no need of complaining about the

situation, we need to find a way of

holding our customers. He turns to

be one of the amazing spaza shop

owner I have ever met because he

sounds positive at all time. What

he actually told me changed my

views on this issue and motivates

me to work on solution not wast-

ing time analysing the situation.

We should not forget that many of

spaza shop owners do not have

formal business management qual-

ifications and it makes it is diffi-

cult for them to adapt to these

changes. Most might even do not

know that there is Macro, Market

and Micro environment. Signifi-

cant numbers of these spaza shops

are run just for survival. Education

can play a huge role in preparing

the aspiring entrepreneurs for tran-

sitions like this one. Nonetheless,

their born knowledge of customer

service helps a lot in attracting

new customers and retaining old

ones. As they are operating in an

informal sector, it is harder for

them to get information timely and

that poses as a threat.

To sustain and safeguard these

spaza shops, we need to come to-

gether as academics, professionals,

business people and the communi-

ty. Student it is your turn to play

your part in building the great na-

tion. You don‟t have to have mon-

ey in order to give back; that busi-

ness knowledge could impact posi-

tively .Education is the key and

will always be. Let‟s educate them

on how to run a business effective-

ly. Do you believe that spaza

shops are dying slowly but sure-

ly?

Source: sustainable livelihood foundation paper


Good or Bad?

By Prince Moeng

i n most sectors of the econo-

my there is broad agreement

that competition is good for

consumers because it pro-

motes innovation and drives

down prices. Financial markets

are among the most heavily regu-

lated of all and banking is an in-

dustry that has long been largely

protected from the rough and

tumble of competition.

According to a research by KPMG,

the retail banking industry in

South Africa is a highly competi-

tive market. The depressed credit

market coming out of the finan-

cial crisis if 2009 has resulted in

local banks embarking on a more

focused undertaking to increase

revenue – either through in-

creased growth into the ‘high-risk

high-return’ market of unsecured

lending, or supplementing the low

growth in interest income with

FINANCE FINANCE


Professor Frank Allen from Univer-

sity of Pennsylvania says, “If banks

were guaranteed healthy profits

their owners would have little in-

centive to take big bets and risk

losing the bank”.

The unsecured lending market has

been shrouded with allegations of

reckless lending practices that are

non-compliant with the National

Credit Act (The over indebtedness

of customers starts to rear its ugly

head and the serviceability of

loans comes into question).

When banks make an investment,

they demand a rate of return that

incorporates various premia

above benchmark rate. One of

these is a risk premium to cover

future losses. The total premium

charged becomes smaller in more

competitive markets. The ques-

tion is: will fierce competition

cause banks to cut the total pre-

mium so much that it is smaller

than the necessary risk premium?

To believe that this will not be the

case, we have to believe that

banks are perfectly rational, know

what the necessary risk premium

is and will not cut the total premi-

um they charge below this. Given

recent experience, it seems un-

likely that banks are so rational. It

seems more likely that cut-throat

competition will cause banks to

cut their premia so low that they

do not cover risk. And, when the

inevitable crisis comes, they will

be in danger of insolvency.

On the other hand, more competi-

tion can also broaden the custom-

er base of the financial system,

leading to greater diversification if

risk, whereas large concentrated

banks can pose systemic risks be-

cause they are interconnected.

Competition can be a powerful

source if useful innovation and

efficiency, ultimately benefitting

enterprises and households; com-

petition can also foster stability

through improved lending tech-

nologies; competition, however,

can also endanger stability if

mixed with the wrong kind of reg-

ulation. Banks are striving to grow

customer volumes and to gener-

ate fee income through services

(card fees, administration fees,

transaction fees).

One of the local banks has taken

an approach with the recent intro-

duction of a new bank loyalty pro-

gramme, offering attractive incen-

tives to clients. Another has

through a digital media strategy

including social network mar-

keting or above the line mar-

keting.

Finally, competition can foster

efficiency in banking, putting

downward pressure on interest

margins, resulting in higher depos-

it rates for savers and lower lend-

ing rates for borrowers. It can

push banking systems towards

new, previously unbanked groups;

foster the development of new

products, with ultimately positive

repercussions for private sector

development, individual welfare,

and economic development.

With the above said, do we need

more competition in the banking

industry or not?

@princrmoeng

If banks were guaranteed healthy

profits their owners would have

little incentive to take big bets and

risk losing the bank

FINANCE


By Kulani Mhlanga

Youth and student

spending in Sa.

FINANCE FINANCE


W henever I reminisce

about my childhood

days my face always

blossoms into a huge grin, those

were good days. Most of my

splendid childhood memories are

vague, but the memory of the day

my uncle got me a bright pink pig-

gy bank and gave me a simple les-

son about the importance of sav-

ing and it is still as fresh as the

morning dew. Every Friday I

would chip in 10 cents into my

bank, I would feel so proud after

putting 10 cents into my bank. I

always felt like I had just per-

formed a noble act. I saved for a

few more years but as I grew old-

er the novelty wore off and I

stopped saving as I did not see

why I had to anymore. Most

youngsters save at some point in

their lives, but at some point the

saving comes to a halt.

With the release of the SA Stu-

dent Spend report 2014 by Stu-

dent Village there has been a

number of results which show

that students have their priorities

on other matters other than sav-

ing. Saving goes beyond just

getting discounts on your pur-

chases, it also means putting

money away for the rainy day.

This means that you actually have

to pretend to forget about the

money you’ve stashed away until

the rainy day comes banging on

your door. Saving is essential be-

cause it doesn’t just allow you to

retire in a comfortable manner it

also serves as an insurance policy

that you can access at in those

emergency moments without a

hassle.

Savings

Spending

Student savings Vs. Student spending

FINANCE


The study conducted by Student

Village shows that students

spend most of their money on

food & groceries, computer

equipment & other gadgets,

clothing and footwear, alcohol

beverages and toiletries & cos-

metics’. This is what one expects

to find in a student’s shopping

trolley. The study further reveals

that 33% of students don’t save

at all and only about 41% of stu-

dents save, but they only save a

meager amount of no more than

R250.

Petronella Mogakane(25), a quan-

tity surveying student from the

Tshwane University Of Technolo-

gy, says her idea of saving in-

cludes her chipping in loose

change from her shopping into

her jewellery box. “The money

ends up in the vending machine

for a coke few days later” she

added. Rhulani Chawane(19), a UJ

accounting student, said most of

her money was spent on food,

clothes, toiletries, BIS and enter-

tainment. “There’s only a small

amount of money left to save

after I’ve bought the essentials, so

I only save every other month”.


By Marvin Malaka

The Democratic Alliance candidate

for Premier of Gauteng and Nation-

al spokesperson Mmusi Maimane

was on a campaign trail in the

Soshanguve area April 24, 2014. He

visited block KK and Boitumelo Day

Care Center/Orphanage in

Soshanguve block X to distribute

blankets to destitute children in

the area. This visit is a second one

in the space of a month from the

DA Leadership. First, it was Hellen

Zille now it is Mmusi. The commu-

nity of block X came out in huge

numbers both elderly and young

people, to witness the handout

ceremony.

According to Ward 27 DA candi-

date counsellor in waiting Mr Mi-

chael Mokhari the blue brigade

took their time to reach out to the

less fortunate. “We identified a

centre that has children who are

disabled and living in an orphan-

age, we as the DA we felt that it’s

time for us to give back to the com-

munity. We decided that for start-

ers we will give them blankets to

keep warm this

winter. It’s not

the beginning ,we

gunning to gain

power in Ward

27, said Mokhari.

In addition Mem-

ber of Parliament

Steven Mogalapa

who is the con-

stituency head in the Soshanguve,

Mabopane and Winterveld region

said “We as the Democratic Alli-

ance we want to show the nation

that we care for people and we are

part of the community. Today we

started at block KK handing out so-

lar lights because the people who

are living there the current govern-

ment no longer care for them, so

we will be bringing such services to

make sure the people are self-

POLITICS

Mmusi Maimane www.maimane.com

Helen Zille www.da.org

They must vote for a party

that they believe can bring

a change in their life.


W ith the polls hav-

ing being set for

the 7th of May,

parties have been

out and about convincing, con-

verting and convicting ordinary

citizens of the South African coun-

try to vote, startlingly enough, it

has only been the ANC (African

National Congress) that has suc-

cessfully been able to commence

and even come closer to culmi-

nating a campaign on its name,

and only on its policies. On the

other hand, it is disturbing to note

that from the DA (Democratic Alli-

ance) to PAC (Pan African Con-

gress), every party campaigns us-

ing the failures of the ANC rather

than their own manifestos. The

DA and the EFF have been on the

verge of taking the SABC to court

over the ostensibly violence in-

citing adverts, what one records in

the adverts, more like in any other

attempt of both the parties, the

motive is mortify the ANC rather

to convince the citizens to accept

their policies and vote them in

power.

The contention advanced here is;

that the ANC must win but with a

lesser majority than in the previ-

ous so as dilute its power and also

have parties like the EFF influence

policy making in the parliament.

What then happens when every-

one handles their ballots using the

same line of thinking and a

‘wrong’ party wins?

POLITICS

In his message to the youth with a

few days left before the elections

he said, “They got 20 years of de-

mocracy, and this democracy was

not easy and cheap so they must

go out and vote and by so doing

they must exercise their rights and

minds by going to vote in numbers.

They must vote for a party that

they believe can bring a change in

their life.”

Deputy Chairperson Matlhogonolo

Marumo says the democratic alli-

ance stands a good chance to run

the Ward come the preliminary

elections for councillorship in ward

27. “We will win this ward hands

down because everywhere we go

people want to turn blue. We

have sensible heads and most of all

we have good hearts, concluded

Marumo” ,he concluded.

By Donald Msiza


The DA goes around, especially

in Gauteng and complains about

the lack of proper service delivery

(on the part of the ANC) whereas

it has not really been able or will-

ing to develop the townships in

that province in which they al-

ready have governing authority,

what more about one in which

they do not already have power?

How stupid does Julius Malema

think we are thinking we will en-

trust the future of the country to

some axed bitter youth league

President? Asks a registered vot-

er.

I have been told; that when voting

a party you are also advancing

something of the unknown, there

are some policies which you must

guard against. In honest truth, the

DA has never promised the con-

stituency anything, should they

become of power and never pro-

vide anything they can always

contend; we never said we will do

so and so but only said ANC did

not do so and so. The EFF has

never studied economics, hence

their policies will in actual fact pull

the country to its level (and we

know its level way down) or

worse, to that of Zimbabwe. The-

se are some of the concerns ad-

vanced by some of the voters

ahead of the coming elections.

Are we, as the electorate ex-

pected to vote in to power a party

which loses five (or more) of its

key members a week prior to the

big day? How will we vote a party

formed of division into division,

isn’t that what COPE (Congress

of the people) will bring to the

country both internally (nationally)

and externally (internationally with

other countries, traders), division?

Terror Lekota is one of those peo-

ple, with his minions, who should

have positively responded to the

President’s appeal to all those

that have left the ANC for no par-

ticular reason to re-join.

When you hear of the IFP

(Inkatha Freedom Party) you ipso

facto think of Zanele Magwaza-

Msibi, then there’s blood, a loss

of a lot of lives. Now, why would

we entrust the most pivotal of de-

cisions concerning the country to

such violent people? The IFP’s

campaigns come across as the

unstoppable strikes in the mines,

violent in their own way; you

could swear the SAPS would just

pop and ask them to disperse.

The ANC apparently has a good

story to tell yet the youths are

considering voting the EFF,

COPE reported a 60 people gain

in the week before the poll. Dr

Mamphele Ramphele, Gayton

McKenzie and Kenny Kunene are

reportedly returning to business

after their manoeuvres amount to

nothing on the 7th. The question

is; who do we vote for, and

POLITICS POLITICS


POLITICS


How many times have you heard of people doing the most irresponsible things and using

the new term “YOLO” (You Only Live Once) as an excuse for recklessness?

If you are reading this short article right now and have never used the acronym YOLO,

chances are, you were NOT born in the 1990’s. My main concern, however, lies in the mis-

use of the term. We should use it for positive things like educating ourselves and encourag-

ing people to achieve their dreams but these days, it is utilised to persuade one’s peers in-

to doing things that are dangerous or detrimental to their health, like the abuse of drugs

and alcohol. YOLO seems like a death trap that makes you want to go out and experience

life in the most dangerous manner but the question I battled with for some time was

whether the term is misused or misunderstood. And I came to the conclusion that; it is ac-

tually BOTH. Misunderstanding begets Misuse, so we will straighten things up:

YOLO means get up and get started on your career,

YOLO means stop wasting your life on useless things and negative

thoughts,

YOLO means you will never get another opportunity like the current

one,

YOLO means you are responsible for your own destiny,

YOLO means it starts NOW,

So live wisely and act cautiously because you only live once.

No need to stress– that’s a believe

BY Lethukuthula Kubeka


Circle of

ECONOMICAL

POLITICAL

SOCIAL

A W A KE NI NG TH E M A SS E S | E DU C AT I NG O U R N AT I O N

A page dedicated to political, social and economical de-bates for young people. Its time we acknowledge the fact that problems we are currently facing cannot be solved using one perspective, consolidating them will easy our way to economic emancipation

FINANCE

I am going to

vote because I

am not happy

with the current

leadership of the

country, hahaha

now you reduc-

ing my chances

of getting ten-

ders ,how do you

picture South

Africa in the next 100 years if we continue with this

kind of leaders? It has to stop, wasting money on e-

tolls and making life hard. E-toll is expensive and the

price of petrol as well which makes it difficult for a

person with an average salary to survive , Some peo-

ple make a living from transporting goods. Where will

the get money for e-toll? Petrol? And still make profit?

Thembi Hlungwani

I am voting be-

cause it’s the

smart thing to

do, besides be-

ing my constitu-

tional right, its

my love for my

own country

that drives me

to vote and the

fact that our

uncles , grand

parents and family friends , even neighbours actual-

ly stood up to the oppression which was apartheid

that gives that sense of pat on the back, acknowl-

edging that I honour all the like of Solomon Mah-

langu, Chief Luthuli, Tambo and Robert Sobukwe

who fought , died and injured for this one chance to

vote. Amon Mgidi


FINANCE

I am think-

ing of actu-

ally boy-

cotting the-

se upcoming

elections

merely rea-

son that I

don't see

accountabil-

ity there-

after. All

efforts are put in now that its election time, People

are easily persuaded by government suddenly delivery

to boost voters confidence.

Siphiwe Khumalo

Because

the future

belongs to

us as

young

people,

We are the

future

leaders

and It is

important

that we contribute to our county’s growth devel-

opment and since we all cant be MECs...we can

voice our opinions and help make decisions

through our votes.

Honeybee S’phe Kubeka

Whatever your political views. It is important that

you exercise your democratic vote. By voting you may

be able to keep those who are in power in the office

or remove those you least desire out of the office.

Freedom has cost too much blood and agony to relin-

quished at cheap price of rhetoric and people died to

make thus South Africa free and those people never

had an opportunity to vote. Although that freedom

sees to be waning little by little but we should still

vote even if it means voting the lessor of two or more

evils. I strongly feel that if you don't make your voice

to be heard when it matters. You don't have the right

to complain. The failure to vote will result you being

governed by you inferiors. Political opinion polls, call-

ing radio stations, writing open letter and prayers

without actions wont make any difference. However

vote is the only sure fire way to express our griev-

ance and indicate to politician what you the citizens

actually want and desire. Remember those who per-

ceive they too smart to engage in politics.

Buntu Dingiswayo

LET’S TALK MZANZI

June Question

Is it relevant to make entrepreneurship a school subject and why?

Send your comment to: [email protected] WhatsApp the answer to: 074 955 1704


By Simphiwe Nkosi

So we all know that not everyone

finds the academic environment

suitable to their way of life. We

don‟t all have dreams of grandeur,

dreams of a 9 to 5 in the Cooperate

world. Some of us want to follow

our passions. When I talk of „us‟, I

talk of the ones who were not so

great at mathematics and account-

ing, the ones who had early morn-

ing practice for rugby and soccer.

So what is our future, where do we

fit into the greater design of life

and work? Do we just become cogs

in a dreadful workplace environ-

ment? Fortunately that may not the

case; there is a light at the end of

the tunnel.

With universities, colleges and uni-

versities of technology offering a

wide range of courses that offer

one inclined to the sporting variety

of courses that open up the work

environments sporting side. And

no you won‟t just be studying how

to be a prep school. A career in

Sport and Fitness can range from

being a yoga instructor to a sport

coach or manager and even a per-

sonal trainer. If you are interested

in coaching sports you should con-

sider the range of Coaching Sci-

ence or Sport Management cours-

es. After completing such a course

you will be able to coach sports

teams at schools, universities or

clubs. These courses also cover

basic managerial skills which will

give you the edge in the

competitive

market. With

the combination of theory and

practice you will be able to plan

tournaments, tours and games as

well as train the sport teams.

Many universities offer sports sci-

ence as a degree or even a diploma,

even the most prestigious of South

Africa‟s Universities, so sports sci-

ence is a legitimate career path.

Universities such as the University

of Pretoria offer a comprehensive

course in sport science. Who

knows; whilst studying you might

bump into one of South Africa‟s

sporting icons, Caster Semenya,

while she is there acquiring her

degree in sports science.

Once you are done completing

your degree in sports science, one

can then branch out into various

aspects within the sporting work-

place. These careers such as a

Sport Medicine Physician (where

you will be tasked with treating

musculoskeletal injuries that occur

as a result of participation in

sports, such as knee and shoulder

injuries, ankle sprains, head inju-

ries, tendonitis and fractures of the

sports elite of South Africa with

opportunities to go across borders).

Sport Psychology (where you as-

sess, diagnose and treat psycholog-

ical, emotional and

behavioral disorders

in athletes).

ACADEMICS


Sports and games are very im-

portant for us. They keep us

healthy and fit. They offer us a

change from the monotony of dai-

ly life. It is a useful means of en-

tertainment and physical activity.

Sports and games help in charac-

ter building. They give us energy

and strength.

Sports and games are means of

mental and physical growth. Dur-

ing sports we come to learn many

things. We learn how to maintain

mental balance in the midst of

hopes and despair. They help us

learn how to tackle difficult situa-

tions. Sports develop a sense of

friendliness. They develop within

us team spirit. They shape our

bodies and make them strong and

active. They give us energy and

strength. They remove tiredness

and lethargy. They improve blood

circulation. This improves our

physical well-being.

Sports and games improve our

capability. They improve our effi-

ciency. Either study or work

alone makes us exhausted. We

remain no longer efficient to do

any work. Sports remove our

mental exhaustion. Sports are an

integral part of education. Educa-

tion without sports is incomplete.

Keeping their value in life, chil-

dren are taught some sorts of

games in the very early stage in

school. These days‟ sports are a

part of academic curricula.

Sports are particularly important

for the youth. They contribute in

the formation of character. They

inculcate in them good values. It

is therefore, that sports competi-

tions are held at school and col-

lege levels. The students who per-

form well in these competitions

are promoted to play at the na-

tional and international levels.

Thus sports help in career growth

also.

Sports and games give us an op-

portunity to grow in life. These

days, sports have been commer-

cialized. They have become a

good means of earning. A sports

person who does well in sports is

showered with name, fame and

wealth. He becomes a hero over-

night. Sports have great potential

to offer career opportunities. So

we should take them very serious-

ly from the very early age of our

lives. Sports offer opportunity to

prove talents.

Thus, sports have great value in

life. Sports facilities are being

developed in rural and semi-

urban areas. There are play-

grounds in villages. Sports infra-

structure are being developed

everywhere so as to promote

them. Various sport organizations

are also doing well in promotion

of sports.

So can we say Sports science is a

good career move well as George

F.? Will says “Sports serve socie-

ty by providing vivid examples of

excellence.” So chase that dream

because in life you have to make

your passions your work and your

work your life.

Services

Market research

Retainer consulting

Cash Flow Analysis

Project consulting

Business Plans

Company Profiles

Strategic Plans

Due Diligences

Feasibility and Viability

Studies

Financials

Business Solutions

Business and Management

Consulting

Turn Around Plans

Business Training Includ-

ing: Workshops, seminars and

in-house training

Marketing Plans

Marketing and Market Re-

search Plans & Reports Proposals and Investment

Seeking

Contacts: Physical Address: 80 Cilliers Street, Suite 214 Adverto Tow-ers, Sunnyside, Pretoria

E-mail address: [email protected]

Fax.: 086 275 5370 Tel.: 087 734 9140

Mobile: 076 027 0633

ACADEMICS

mailto:[email protected]


By Simphiwe Nkosi

So you have a degree in Sports

Management, now what? Sport management is a field of study concerning the

business aspects of sports and recreation. Some ex-

amples of sport managers include the front office

system in professional sports, college sports manag-

ers, recreational sport managers, sports marketing,

event management, facility management, sports eco-

nomics, sport finance, and sports information. Many

colleges and universities offer bachelors‟ and mas-

ters‟ degrees in sport management. But the question

then arises on what you do with this qualification.

This certain profession is slowly increasing in popu-

larity, but statistics suggest that it will not be to pro-

vide employment opportunities due to the sudden

explosion in supply. Entry level persons with a de-

gree in sports management can expect an hourly

wage due to the higher level of interest and fewer

available jobs.

So yes we all know that the job hunting environment

is not for the faint hearted, you need to have what is

referred to, in interview techniques, a polished three

C approach. First, when you are lucky enough to get

that interview at Orlando Pirates‟ Training academy

to be a part of their Sports fitness team.

ACADEMICS


You have to first be Calm; prepare well for the inter-

view. Do your research, practice answering possible

questions they may ask you about them, yourself and

the job. Second you have to be Confident, now this is

the trickiest of the three C‟s as most prospective inter-

viewees confuse confidence with arrogance. There is

a simple solution to this, remember that these are your

future employers and not your friends. I know it may

seem a little harsh, but from personal experience, I

have learnt that keeping this thought at the back of

your mind keeps you both alert and professional. The

third and final C is known as Conquer, the name ex-

plains itself, go into the interview and knock the socks

off your prospective employers‟ feet.

I know you are wondering how you even get the job

interview in the first place; well with the growing

speed of online applications, one can now find job

opportunities at the click of a button. There various

websites that allow one to post their CV online, which

allows it to viewed by over a million prospective em-

ployers.

Examples of one of these sites which has been said to

be reliable avenue would be indeedjobs.co.za and

jobisjob.co.za. These sites allow you to browse jobs in

your particular field of qualification, upload a CV

with your details such as name, contact details and a

certified copy of your transcripts. The one benefit

which allows one to feel comfortable with these two

sites is mainly the fact that the pool of possible em-

ployers is large and the replies from potential employ-

ers are kept private. Furthermore the details of your

interview are emailed to you using the contact details

that you provided during your sign up.

You do not have to worry about safety, you cannot be

scammed as these sites do not have subscription fees

witch require banking details, and they simply serve

as a platform for prospective employers and employ-

ees to interact.

So the key to using your qualification is not to just sit

around and wait for a job you have to put you CV out

there and let the work environment know that you‟re

ready and willing to tackle the challenges of the work-

ing world. As the Zulu proverb says „Uzoyithola kan-

jani uhleli ekhoneni?‟ which simply translates to how

can you get it when you are lazy.

ACADEMICS


“Education is the most powerful weap-

on which you can use to change the

world”, famous words by the late Nel-

son Mandela

In 1976 the youth of south Africa took a stand against

a mediocre standard of education, then referred to as

Bantu education, 38 years later; we as academic

scholars ask the question of whether or not the lives

of those who died on the 16th of June 1976 were not

in vain.

After the end of the apartheid era, one of the first

mandates of the new regime was to improve the edu-

cation of South Africa in an effort to redress the ine-

qualities created by the apartheid regime, through

giving education opportunities to those that were

previously disadvantaged in order for them to be-

come an integral part of the post-apartheid economy.

OPINION

By Simphiwe Nkosi


In 1994 the GNU (Government of National Unity) was

formed and in association with the ANC (African Na-

tional Congress), they sought to develop new educa-

tional policies intended to benefit the nation as a

whole. Former president F.W. De Klerk (1997) said

that the new policy proposals were flawed as they

did not take into account the context of the post-

apartheid environment that they would be imple-

mented in and were thus doomed to fail as long term

measures to provide education to all South Africans

on a larger and equitable manner.

When one considers the state of education 20 years

later, his statement holds true. When one refers to

the Education Statistics in South Africa published in

March 2013 we see that with regards to the students

that qualified to write the Senior Certificate Examina-

tion, of the 496 090 students that qualified, 147 973

failed the examination. This means that only 70% of

the students that wrote the examination passed. In

an academic setting where the requirement to pass

are 40% or more in 3 subjects, and 30% in the other

4 of which one must be a national language. With the

bar set so low, how is it that the pass rates are so

low? That is the question in the mouths of the educa-

tion system critics. Some may ask the question, why

the department allows a student to progress with

such low marks is a mystery. These qualifications

stop them from advancing their academic endeav-

ours, essentially limiting the students to a higher cer-

tificate instead of diploma or degree courses at the

higher learning level. It is clear that admission re-

quirements of higher learning and tertiary institu-

tions contradict the requirements for a student to be

considered to have ‘passed’ their secondary phase of

study.

When one considers that a matric certificate is not

sufficient for one to have decent employment oppor-

tunities, it brings to light the question: why create

such a low required pass mark of 30-40%, when the

advancing of one’s academic aspirations is hindered

by this? When the required passing mark at the sec-

ondary school level is at 35% and the average is at

this level, is this conducive to building a generation

of students that is motivated to chase the economi-

cally competitive career choices? Setting the bar at

such a low levels limits the students because they are

challenged at a mediocre level and they aim for an

average of 35% to pass. Students are restricted to a

higher certificate, an academic setting where the re-

quirement to enter into the field of study is a Na-

tional Senior Certificate (NSC) with a minimum of

30% in the language of learning and teaching of the

higher education institution as certified by the Coun-

cil for General and Further Education and Training

OPINION


When one compares South Africa‟s expenditure in education to

that of other economically developing countries such as Kenya it

is that there is fundamental error in the administration of educa-

tion in South Africa. For instance, Kenya spends the equivalent of

$221 per child on a child‟s education in the primary phase of edu-

cation, whilst South Africa spends the equivalent of $1225 per

child, yet South Africa accomplishes less than that of Kenya‟s

government regardless of the large expenditure difference. Cor-

ruption scandals such as the Limpopo book scandal of 2012 can

be considered as one of the reasons for the problems within the

administration of education in South Africa. When one delves

deep into the Limpopo scandal we see that the first issue that aris-

es is lack of accountability. It was under the education minister

Dickson Masemola that the mismanagement of funds and dys-

function of the logistical management within educational service

delivery occurred, but when questioned he passed the buck to the

national department. Maladministration of funds can be consid-

ered as the root of this administrative debacle. In 2011, the mis-

management of funds meant that the department could not afford

to purchase the textbooks for the 2012 academic year. The Na-

tional Treasury later found that maladministration is rife in the

department of education.

R2.2-billion of the educational budget was squandered in unau-

thorised expenditure, further the department's supply chain man-

agement systems were chaotic and invoices in excess of R190-

million remained unpaid. Essentially, the department lurched into

bankruptcy under Masemola. As things turned out, Limpopo pu-

pils in certain grades went without textbooks for most of the 2012

academic year. Such events of maladministration are prevalent in

South Africa and can be considered as a key reason for the cur-

rent crisis. These issues should be addressed with precision and

efficiency, with transparency being the key. The administrative

departments within the department of education need to be put

under the microscope and new policies must be instituted, as pos-

sible solutions to the maladmistration epidemic in the Department

of education are being researched.

A possible solution to mend the education in South Africa would

be to amend the chapter two of the constitution under the bill of

rights to further secure that the right to education is protected.

This amendment would specify that accountability should be in-

tricately linked to those charged with administering education,

making it a constitutional crime if the services are not provided.

The second solution to solve the level of education within South

Africa would be to institute provide pre-kindergarten education to

4-year-olds, especially in the countries poor counties. This would

provide a sufficient and sustainable foundation for scholars, so

that the pass mark requirement could then be increased to 50%

gradually.

The Department of Education needs to fix the current problems

first before looking at possibly changing then curriculum again.

Otherwise these problems will prevail.

OPINION


South Africa Unemploy-

ment Rate Falls in Q4

2013

In the last quarter of 2013, South

African jobless rate slowed for the

second straight quarter to 24.1

percent, from a revised 24.5 per-

cent in the previous period. The

expanded definition of unemploy-

ment, including people who

stopped looking for work, was rec-

orded at 34 percent.

From Q3 2013 to Q4 2013, the

number of unemployed persons

decreased by 50 000 over the peri-

od. Over the same period, discour-

aged job-seekers declined by 97

000, while the other (not economi-

cally active group) increased by

159 000, resulting in an increase of

63 000 in the not economically ac-

tive group as a whole.

In the same period, employment

increased by 141 000, largely due

to an increase of 123 000 in the

informal sector and 64 000 jobs in

the formal sector. Both the Agri-

cultural and Private Households

industries shed jobs (by 27 000 and

20 000 respectively). The highest

employment gains quarter-to-

quarter were observed in the Com-

munity and social services, Con-

struction, and Trade industries. Job

losses were observed in five indus-

tries, and of these, the Agriculture,

Finance and other business ser-

vices, and Private households in-

dustries shed most jobs (27 000, 23

000 and 20 000, respectively).

Regionally, the highest employ-

ment gains were observed in the

Western Cape, Eastern Cape and

North West. KwaZulu-Natal was

the only province that experi-

enced job losses (of 42 000) in Q4

2013.

Unemployment Rate in South Africa decreased to

24.10 per cent in the fourth quarter of 2013 from

24.50 per cent in the third quarter of 2013. Unem-

ployment Rate in South Africa is reported by the

Statistics South Africa. Unemployment Rate in

South Africa averaged 25.26 Per cent from 2000

until 2013, reaching an all time high of 31.20 Per

cent in the first quarter of 2003 and a record low of

21.50 Per cent in the fourth quarter of 2008.

General Information


Labour Last Previous Highest Lowest Forecast Unit

UNEMPLOY-

MENT RATE

24.10 2013-12-31 24.50 31.20 21.50 24.20 2014-03-31 Percent [+]

EMPLOYED

PERSONS

8495000.00 2013-12-31 8453000.00 8512000.00 3694977.00 8425041.76 2014-03-31 [+]

LABOUR

COSTS

351.90 2013-08-15 346.30 351.90 3.20 356.66 2013-12-31 Index

Points

[+]

LABOR FORCE

PARTICIPA-

TION RATE

57.10 2013-11-15 57.10 60.80 53.60 57.93 2014-03-31 Percent [+]

RETIREMENT

AGE MEN

60.00 2014-01-01 60.00 65.00 60.00 60.00 2014-06-30 [+]

RETIREMENT

AGE WOMEN

60.00 2014-01-01 60.00 60.00 60.00 60.00 2014-06-30 [+]

UNEMPLOYED

PERSONS

4830.00 2013-11-15 4880.00 4880.00 3873.00 4958.97 2014-03-31 Thousand [+]

WAGES 422676000.00 2013-11-15 398113000.0

0

422676000.0

0

14639220.00 420876995.4

8

2014-03-31 ZAR THO [+]

WAGES IN

MANUFAC-

TURING

54706000.00 2013-11-15 48676000.00 54706000.00 11800149.00 53294244.36 2014-03-31 ZAR THO [+]

POPULATION 52.98 2013-12-31 52.20 52.98 17.40 53.59 2013-12-31 Million [+]

South Africa Unemployment Rate Down to 24.7%

in Q3

In the third quarter of 2013, South African jobless

rate decreased to 24.7 percent, the lowest value in

almost two years. The number of people without

work went down to 4.66 million, down from 4.72

million in the previous three months. Published on

2013-10-29

South Africa Unemployment Rate At 2-Year High

in Q2

In the second quarter of 2013, South African unem-

ployment rate increased to 25.6 percent, the highest

rate in two years. Between the first and the second

quarters of 2013, the labour force increased by 222

000 persons, reflecting a rise in the number of both

unemployed persons (122 000) and employed persons

(100 000). Published on 2013-07-30

South Africa Unemployment Rate Notes

In South Africa, the unemployment rate measures the

number of people actively looking for a job as a per-

centage of the labour force.This page provides -

South Africa Unemployment Rate - actual values,

historical data, forecast, chart, statistics, economic

calendar and news.

Calendar GMT Country Event Refer-

ence

Actual Previous Forecast

2013-05-06 10:30 AM South Africa Unemployment Rate Q1 2013 25.2% 24.90%

2013-07-30 10:30 AM South Africa Unemployment Rate Q2 2013 25.6% 25.2% 25.1%

2013-10-29 09:30 AM South Africa Unemployment Rate Q3 2013 24.7% 25.6% 25.4%

2014-02-11 09:30 AM South Africa Unemployment Rate Q4 2013 24.1% 24.5% (R) 24.6%

2014-05-05 10:30 AM South Africa Unemployment Rate Q1 2014

24.1% 24.2%

General Information

http://www.tradingeconomics.com/south-africa/unemployment-rate



http://www.tradingeconomics.com/south-africa/employed-persons



http://www.tradingeconomics.com/south-africa/labour-costs



http://www.tradingeconomics.com/south-africa/labor-force-participation-rate




http://www.tradingeconomics.com/south-africa/retirement-age-men



http://www.tradingeconomics.com/south-africa/retirement-age-women



http://www.tradingeconomics.com/south-africa/unemployed-persons



http://www.tradingeconomics.com/south-africa/wages

http://www.tradingeconomics.com/south-africa/wages

http://www.tradingeconomics.com/south-africa/wages-in-manufacturing




http://www.tradingeconomics.com/south-africa/population

http://www.tradingeconomics.com/south-africa/population

http://www.tradingeconomics.com/articles/10292013094404.htm





Goals and Objectives Project Goals and Objectives

The goals and objectives for the project will focus on giving

as much information as possible to the learners/youth.

To establish a consistent relationship between the schools

and the community (stakeholders).

To help students in and around the Vaal region to obtain

information about the different career opportunities that

are out there.

To give them the opportunity to hear it first hand from

people within respective career fields.

To instill entrepreneurship culture.

To instil a mindset of being an employee to one of being

an employer.

The event will also serve as a motivational session to the

students/youth.

To encourage sustainable economic growth in future

This will be a 100% social responsibility project

This project is aimed at:

Inviting at least 600 or more students/youth in and

around the Vaal Region

Targeting Secondary schools and Youth in general

The program for the day will be drafted closer to the

date of the event

The project will include the co-ordination

of the following:

Infrastructure (venue, stage and sound system)

Catering for the guests

Mobilization of information (newspapers and radio)

Ushers (For control purposes)

Entertainment (Performing artist)

MC.

4 guest speakers (20 min each) and the main speak-

er (40 min)

Successful entrepreneurs(speakers)

Career information pamphlets from different aca-

demic institutions

Bursaries information

Kick starting you own business information

Entrepreneur finance institutions (e.g. Umsobomvu

Youth Fund)

Presents

Target Group: Grade 10-12 and Youth in general

Date: 17 May 2014 at 10:00 till 16:00

Place: Saul Tsotetsi Main Hall, Sebokeng

Contacts: Boitumelo 073 425 4822

Lerato 071 054 1989

[email protected]


Tell us more about it and we will

feature your business in the next

month’s copy.

SEND YOUR BUSINESS PROFILE TO:

[email protected]


“One of the huge mistakes

people make is that they try to

force an interest on them-

selves. You don't choose your

passion; your passions choose

you”

Jeff Bezos (Chairman and CEO

Of Amazon)

May 2014

Documents

Transcript of May 2014