The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
'Gee voorkeur aan plaaslike diensverskaffers tydens groot geleenthede'
Die president van die Mangaung Kamer van Koophandel en Nywerheid (MCCI), Nancy de Sousa, beklemtoon dat plaaslike diensverskaffers en besighede voorkeur moet geniet wanneer groot geleenthede in sentraal Suid-Afrika plaasvind. De Sousa het gepraat met verwysing na die ANC se verjaardagvieringe op 8 Januarie, wat die afgelope naweek in Bloemfontein…
Ramaphosa re-election leads to easing of policy uncertainty
The North West University’s (NWU’s) Policy Uncertainty Index (PUI) dropped to 53,2 in the fourth quarter of 2022 following the re-election of Cyril Ramaphosa as the President of the African National Congress (ANC). NWU Economics Professor, Waldo Krugell, tells the OFM Business Hour, that the index stood at 59,6 in…
Adapting to 5IR requires a ‘softening of the attitudes’
Adapting to the Fifth Industrial Revolution (5IR) will require a softening of attitudes by organisations. This is according to Chris VanderWalt, the founder and Managing Director of Sapiens@work who explained to the OFM Business Hour that the 5IR marks a development of a symbiotic relationship between technology, data, artificial intelligence…
OFM Sake-uur: Hoe beter jy klante behandel, hoe beter jou besigheid-Willie Grove
Die Grovés streef daarna om die gesinswaardes, wat hul besigheid die sukses maak wat dit vandag is, blywend te maak. Hul onderneming, wat 'n huishoudelike naam vir baie is, is in die 1900's gestig en word al vir meer as 'n eeu lank bedryf.
Software escrow agreements a must-have for IT systems
Active software escrow agreements are increasingly becoming a must-have for businesses as insolvencies surge across varied industries including information technology (IT). Guy Krige, Director at Escrow Europe, tells the OFM Business Hour, that software end users (clients) are at risk should their software developers end up disappearing owing to financial…
41% of SA businesses experienced a loss in revenue due to ransomware – Mimecast
Roughly 41% of South African businesses experienced some loss in revenue due to ransomware over the last year. This is according to Duane Nicol, senior product manager for Awareness Training at Mimecast who was on the OFM Business Hour on Monday to unpack the findings outlined in Mimecast’s State of…
Asset seizures and how involved businesses are impacted
Attorney and founder of the Legal Affair, Nonhlanhla Mtshali, unpacks what assets seizures by varying law enforcement agencies entail. Mtshali further answers how this impacts businesses, should the target of these seizures be entrepreneurs or the heads of establishments.
Getroue klante en personeel sleutel tot sukses - Morné Breytenbach
Soos meeste sake-eienaars was Morné Breytenbach se missie toe hy sy besigheid 28 jaar gelede begin het, om 'n sukses daarvan te maak sodat hy in staat sou wees om werksgeleenthede te skep en uiteindelik vir sy gesin op die lang termyn te voorsien. Morné Breytenbach vertel aan die OFM…
Leverage Black Friday, festive season fever to your business' advantage
Erin Louw, founder of fempreneur networking app - Xena - urges business owners to make the most of the Black Friday and all-round festive season hype in prepping for 2023. Unfortunately, Louw reveals that 63% of female businesses surveyed said they aren't offering Black Friday specials owing to a plethora…
Robustness – taking businesses one step beyond resilience
Robustness takes businesses one step beyond resilience. Business thought leader, strategist, author and founder of 'At that Point', Juanita Vorster explains that robustness is one step beyond the disruption that change brings in her conversation with the OFM Business Hour.
OFM Sake Uur: Grootste wins in verhoudings - Carlo Rohrs
Om in pas te bly met jou klante se behoeftes en op hoogte te wees van die nuutste markneigings in die kleinhandelbedryf is die sleutel tot die sukses van enige pandjieswinkel. Die eienaar van Bedelia's The Bargain Masters in Welkom, Carlo Rohrs, meen om 'n tweedehandse item vir elke nuwe…
Sibanye avoids closure of FS mine as restructuring gets underway
Sibanye-Stillwater describes the restructuring of its South African operations as “a retrenchment avoidance process”. Sibanye’s senior VP for investor relations, James Wellstead, tells the OFM Business Hour that they are trying to avoid closing down the Beatrix 4 shaft near Welkom in the Free State, despite the mine’s drop in…
Harrismith sakelui werk moedig voort
Sakelui op Harrismith sit ten spyte van talle uitdagings steeds skouer aan die wiel om dié Oos-Vrystaatse dorp te verbeter. Luidens die hoof uitvoerende beampte van die Harrismith Sakeforum, Ben Deysel, bly kragonderbrekings 'n bedreiging vir die plaaslike ekonomie. Hoewel gevestigde besighede ietwat meer in staat is om die uitdading…
Macufe labour case a lesson in upholding integrity and honesty at work
Charl Ranger a Senior Dispute Resolution Official at the Consolidated Employers Organisation (CEO) stresses the importance of being honest and upholding your integrity should your personal interests clash with your duties in the workplace. Ranger was speaking in reference to a labour matter dating back to 2015 involving a Chief…
FSCA’s regulation of crypto in SA creates trust signal within the industry
The Financial Sector Conduct Authority’s (FSCA’s) recognition of crypto assets as a financial product is the first step in creating a trust signal within the industry in South Africa. This is according to Louis van Staden, Luno’s General Manager responsible for Customer Acquisition, Onboarding and Payments, who calls this regulatory…
NWK Meganisasie - landbou hommeltuie
Elsabe Richards-May het met Jacobus Claassens, operasionele bestuurder van Landboubestuursdienste by NWK en Frikkie Bronkhorst, bestuurder van heelgoedere en presisieboerderytoerusting by NWK Meganisasie, gesels oor die landbou hommeltuie wat NWK nou aanhou.
Urth - a lesson in diversification
The key to success for Bloemfontein restaurant, flower and garden shop, Urth, lies with the diversification of the services offered. The Managing Director of Urth, Risna Opperman, tells the OFM Business Hour, that the restaurant/eatery industry in the Free State capital is quite competitive with new restaurants opening up. It…
SA has a poor savings culture – FNB executive
South Africans are more prone to spending money than saving it. This is according to Himal Parbhoo, the Chief Executive Officer (CEO) at First National Bank (FNB) cash investments. Parbhoo’s insights came as World Savings Day takes place on 31 October 2022. He was on the OFM Business Hour to…
Mangaung businesses make notable improvements in settling Centlec debt
Mangaung Metro’s power utility, Centlec, says businesses in the area have made notable improvements in settling their debt for services rendered. Centlec spokesperson, Lele Mamatu, tells the OFM Business Hour that those who aren’t servicing their debt will have their lights switched off. The local power utility has been on…
Will burnout leave work in South Africa?
Burnout can be defined as a chronic work-related stress that is not being successfully managed, and this stress has an effect on one’s well-being – however, will burnout leave work for the employees and employers of South Africa? OFM's Olebogeng Motse has a chat with Lyle Markham, an Industrial Psychology…