If there is one thing more deeply entwined in every area of life than anything else – it’s money. Everything you do – from education to career to lifestyle – is about how you are going to earn it, save it, invest and benefit from it. Looking after it is paramount, but not that easy to do on your own. The benefits of engaging a professional advisor should far outweigh any fees you may be charged. The purpose is to increase your net value and secure your future. And perhaps there isn’t a price on that? When seeking financial advice, you need to know you are talking to someone who is not only qualified and thoroughly experienced, but also trustworthy, dependable, courteous, empathic, and genuinely concerned about what is best for you. Because it’s not only about making money – it’s about your life, dreams, family and future. Good financial decision-making is the key to enhancing standards of living, peace of mind and lifetime security. The numerous benefits of having sound professional financial advice: A well considered plan and strategy will provide an overall picture of your financial situation – and allow you to seize opportunities to monitor, review, and make the necessary changes to complement changes in your life circumstance. A financial advisor will give you not only the best of his or her mind, but also integrity, empathy and heart. A planner may often act as financial counsellor, coach and mentor to help motivate clients to live their lives and dreams to the fullest. An advisor is an important defense mechanism preventing you from deviating from your plan to your detriment. He or she is armed with the right tools and systems to help protect you from you, such as: cancelling investments or policies at the wrong time or for the wrong reasons. Advisors keep you focused on goals rather than the sensationalism of the media and unsettling, but usually transitory, world events. An advisor has the expertise and knowledge to help you choose . . .
• This World Hypertension Day, Novartis warns of unhealthy habits that raise your blood pressure Johannesburg, 17 May, 2017 – The old adage ‘take it with a pinch of salt’ is meant to be a positive one – implying that a pinch of salt is of little consequence. But for those with high blood pressure and chronic heart conditions, that pinch of salt could be enough to push your daily salt intake into dangerous territory. Dr Thomas Kowallik, CEO and Country President of Novartis South Africa, says excessive salt intake is one of several factors increasing the risk of hypertension (high blood pressure). “World Hypertension Day on 17 May seeks to raise awareness of the health risks associated with hypertension, and the steps people can take to lower their risks of developing hypertension.” According to the International Society of Hypertension, hypertension is the major risk factor for cardiovascular disease and was named 'the number one killer' by the World Health Organization (WHO) in The World Health Report in 2002. People with hypertension have a four times higher risk of stroke and twice the risk of myocardial infarction (a heart attack) of those with normal blood pressure, says the Society. Lifestyle factors, such as physical inactivity, a salt-rich diet with highly processed and fatty foods, and alcohol and tobacco use, are cited as reasons for the rapid increase in the number of people with hypertension worldwide1. “South Africans have unacceptably high levels of hypertension, with up to 30% of adults known to be hypertensive2. High salt consumption is a key driver of hypertension, and there is strong evidence to indicate that South Africans consume up to 2-3 times the recommended daily allowance of 5 g,” says Kowallik. “Salt from processed food makes up as much as 75% of total salt intake in high-income countries3. South Africans tend to follow international trends to include unhealthy processed foods in their diet, and on top of that, they season . . .
Acknowledging that there is strong competition, University of Johannesburg hockey manager Elize le Roux said their women's team were ready to keep on fighting in the Varsity Hockey tournament this weekend. Despite some close results, the defending champions could win only one of four matches in the opening weekend in Stellenbosch and they will be striving for a change of fortunes in the second phase of the competition, which starts in Potchefstroom tomorrow. There will be three more rounds of matches before the play-offs take place on Monday, with the final being contested on May 22. While UJ are somewhat off the pace, six points behind fourth-placed NWU-Pukke, Le Roux said they had had a chance to reflect on their performances. "This year the competition is very strong," she said. "Due the format of the competition the break gives you a chance for reflection and time to regroup. "There are possibly four clear teams so far showing top-four status, but this can change at any stage due to the nature of sport." The unbeaten Maties team lead the log on 12 points, followed by UP-Tuks, Wits and NWU-Pukke on nine points apiece. UJ, NMMU-Madibaz and Free State are all grouped on three points. UJ will be up against Wits, UP-Tuks and Madibaz this weekend. Despite the defeats, Le Roux said the spirit in the camp remained positive. "We have some new staff and players so we have been working further on the players' belief in the processes we are putting forward. We want to create a belief in the brand and in what we want to achieve." She added they knew it would be tough but still felt they had a chance of qualifying for the top four. "We don't want to give away anything in terms of our strategy, but we are ready to make a big effort." The UJ hockey manager said the standard of women's hockey had risen because players were being increasingly exposed to tournaments such as Varsity Hockey and the Premier Hockey League. "Playing the sport at . . .
The Hollard Jozi Urban Mountain Bike Adventure, taking place at Marks Park on the 28th May 2017, is NOT your average mountain bike race. Naturally this means it comes some not so average prize categories! Here’s a breakdown of the prizes up for grabs in 2017. You don’t need to be a racing snake to ride the Hollard JUMA, but if the thought of carbon frames and podium finishes excites you, there is over R80 000 up for grabs in the race categories. For the 54km, prizes for Juniors up to Grand Masters, with a trophy and prizes for the Top Ten. For the 22km the there’s R6000 in total waiting for the top three. For those in it, just for cleats and giggles, why not enter one of the following fun categories. For those who love riding with your saddle down low, the 54km BMX category for you! First BMX rider home on the 54km will shred their way to R3 000. If you like big bikes (and you cannot lie…) we have R2000 to give away to the winner of the Fatboy / Girl bike category. And for those lean, mean single speed machines… the Single Speed category, where the winners can ride away with up to R2000 in prize money. Making it a family affair? Make some pocket money by entering the Parent & Child category, a total of R3000 to give to the winners of the 55km and up to R5000 for the 22km winners. Fancy yourself a bit of a Spielberg when it comes to single track? Why not enter the Best Rider video category; we have a whopping R5 000 up for grabs for both the 22 KM and 54 KM Best Rider Videos. Requirements: 3 – 4 minutes long. Must include music that best fits the Hollard JUMA and the sponsor’s logos. For the corporates, it’s time to settle that office beef and do some good while you’re at it. The winners of the Fastest Corporate Team for both the 22km and 54km will receive R5 000, a trophy plus R5 000 to the charity of your choice! The Hollard JUMA is not your average mountain bike race and we want to see some out of the ordinary outfits. Winners of the Best . . .
JOHANNESBURG, South Africa – 10 May, 2017 – Samsung Electronics has announced financial results for the first quarter ended March 31, 2017. Samsung’s revenue for the quarter was KRW 50.55 trillion (R594 billion)*, an increase of KRW 0.77 trillion (R9 billion)* YoY, while operating profit for the quarter was KRW 9.90 trillion (R116 billion)*, an increase of KRW 3.22 trillion (R38 billion)* YoY. In the first quarter, sales for the memory and display businesses increased, owing to high ASPs and strong sales of premium products. However, revenue from the mobile business decreased due to a decline in flagship product sales. Profits were driven by the components businesses, namely the semiconductor division and the display panel segment. The memory business posted significant earnings growth, both YoY and QoQ, led by favourable supply-demand conditions and sales growth of premium high-density enterprise SSDs. The System LSI business improved its earnings on the back of increased sales of application processors for flagship smartphones and greater demand for image sensors and display driver IC (DDI). For the display panel business, LCD maintained solid earnings QoQ due to robust sales of large high-resolution panels under favourable ASP conditions. Overall OLED performance improved YoY, due to strong demand, and slightly improved QoQ as a result of increased sales of new flexible products. For the IT & Mobile Communications (IM) Division, earnings declined QoQ due to price adjustment of the Galaxy S7. As for the Consumer Electronics (CE) Division, earnings for the TV business declined YoY due to higher panel prices. Regarding the recently acquired Harman, its earnings were consolidated into Samsung’s first quarter results beginning March 11. As a result, its impact on the first quarter financials was minimal. Looking ahead to the second quarter, the company expects to achieve growth on the back of continued robust memory performance together with . . .
The Integrated Reporting Committee of South Africa (IRC of SA) unanimously voted to welcome the South African Institute of Professional Accountants (SAIPA) as a member as of 15 March 2017. It is a prestigious appointment that benefits both the IRC of SA and SAIPA, providing professional growth and development opportunities across the board. “There are only eleven other organisational members, including one other IFAC accredited body in South Africa, which in itself is an achievement,” says Darren Gorton, Finance Executive, SAIPA. “The IRC of SA was founded in 2010 by Mervyn King, the creator of the King Report, and is focused on the need to develop better, and more sustainable, reporting standards. Our becoming a member of the institution is a privilege and forms part of our strategic vision for 2017 and beyond.” Chaired by Professor Mervyn King and boasting institutional members such as the JSE, the IOD, SAICA, CIMA, the IIA and the Banking Association of South Africa, the IRC of SA plays a fundamental role in developing guidelines and good practice for Integrated Reporting. The latter ignites the development of Integrated Thinking which delivers tangible value to both Professional Accountants and their clients. By becoming members of the IRC of SA, SAIPA now offers its own members the chance to build their portfolios and expertise within this exacting and rewarding field. “We are extremely focused on developing our own members and giving them the opportunities to become value creators,” explains Gorton. “This membership opens their access to learning and growth which will enhance their professional standing and capabilities.” Understanding integration The financial reporting landscape today is dominated by listed companies thanks to the Corporate Governance principles outlined in King IV, which replaced King III effective from 1 April 2017. This is driven by the fact that organisations which wish to remain listed have to show how they meet these . . .
Payroll compliance in the South African market is complex and demanding. Organisations must obey the rules to ensure they don’t face unexpected fines, lose essential funds or suffer reputational damage. Personnel business practices must adhere to the law, paperwork needs to be kept up to date, and records must be maintained – and payroll must receive the support it needs to keep the business compliant. “It is critical for your business to have formally qualified people with a deep experience in compliance, who keep current with legislature,” says Teryl Schroenn, Chief Executive Officer, Accsys. “In addition, the business can invest in software tools that are designed to support compliance and pay attention to standard corporate governance procedures.” Whether the business is small or large, expertise in compliance is vital. For smaller organisations, the skillsets can be outsourced or they can hire a payroll practitioner with a broad spread of expertise. The enterprise, on the other hand, should ensure that senior management is given the responsibility and the tools it needs to keep up to date with compliance. Access the toolkit Schroenn adds: “Payroll must be looked after and taken seriously. Encourage attendance on regular training and courses, keep them up to date on legislation and ensure that their value to the organisation is recognised. It is an easy place for people to be neglected, but they can add inordinate value if treated with respect. They are the gatekeepers of compliance.” In addition, the business should follow standard corporate governance procedures. Many of these steps are common sense, often they are ignored by the business. “A good example is that the person who calculates the payroll shouldn’t be the one who pays it over to the bank,” says Schroenn. “It is amazing how many people do that. Separate duties to ensure your business has a failsafe scenario, that the work is checked and that the data is secured.” There are also . . .
Kohler is constantly looking for opportunities to partner with designers to ignite the power of this world-class brand, boasting a heritage of over 143 years in innovative and leading edge design. The Design Joburg event is perfectly positioned as a platform for close and meaningful collaborations with interior designers, to showcase Kohler as a bathroom and kitchen brand, in sync with the needs of the discerning designer and home owner. Kohler Highlights at Design Joburg: • Together with Atelier Interiors the distinctiveness of a Kohler bathroom experience comes alive in a collaboration fused with modern contemporary and timeless design. Inspired by Kohler’s ability to seamlessly fuse innovation and technology this specific space aims to showcase the sleek, and ultra-contemporary products available to create a bespoke bathroom experience. Deemed as an absolute showstopper, the Kohler Mica Round Basin, with the thinnest edge Kohler has ever produced in a basin, will be adding its cutting-edge design to enhance the contemporary ambience of this space. This piece draws its popularity thanks to its durability, made of Supramic® material and DFI stain-resistant surface coating, making it easier to clean. The Kohler Composed Mixer will also be on display, the Titanium finish makes this mixer uniquely edgy, cool and a stunning addition to any modern interior including dark spaces or a bright backdrop. • Working alongside Ditau Interiors, Kohler will be giving the modern-man exactly what he wants to create the ultimate 21st century man-cave. Modern enough to meet the needs of the evolving man yearning for a hi-tech lifestyle, while still creating a restorative retreat that is healing in its nature and naturally appealing in its appearance. The Kohler Derring® Basin from the range of Kohler Artist Editions Basins complements this man cave impeccably with its textural beauty that cleverly combines glaze and pattern to create a palette of ever changing, light . . .
South Africa’s best butchers will be given a well-deserved platform to showcase their international-level skills, demonstrating creative preparation and uses of beef, lamb and pork at The Fire & Feast Butcher’s Festival (#fireandfeast), presented by Crown National, taking place over Johannesburg’s Ticketpro Dome from 26 to 28 May. “This is the first event of its kind in South Africa and we are really excited to be providing this unique opportunity for the public to see the best at work,” said Paul Edmunds, Sponsorship and Content Manager at Reed Exhibitions, festival organisers who have partnered with Crown National on the event. “Visitors can expect to learn interesting new ways to prepare meat from leading butchers with some of the country’s best chefs on hand to demonstrate cooking techniques using a variety of modern utensils.” The National Butchers’ Challenge Presented by Crown National Giving South African butchers a major push onto the international stage is the National Butchers’ Challenge presented by Crown National. The contest, which will run throughout the festival, sees 10 teams consisting of six members each, competing in a three-hour time slot where they will be required to prepare and present cuts of beef, lamb and pork. The six members will be assigned specific tasks with no overlap and assistance allowed. Their overall performance will be assessed by a panel of judges with representatives from the South African Chefs Association and South African Meat Industry Council scrutinising several aspects such as hygiene, knife skills, marketability of the cuts, presentation and the uniqueness of the product formulation. The best butchers of this challenge - organised by leading South African butcher, Caroline McCann and renowned chef, Arnold Tanzer – will go on to represent South African at the World Butcher’s Challenge taking place in Belfast, Ireland in 2018. The SA Free Flame Championships Keeping the competitive flame alive will be . . .
The Absa Pride, a group of Absa-invited riders and clients that participate in the Absa Cape Epic and a variety of Absa organized events throughout the year, had their final get together for the 2017 Absa Cape Epic recently. The focal point of the evening was the highly anticipated announcement of the winner of the 2017 #Conquerasone competition in association with Bicycling Magazine. The event was hosted at LandRover Sandton and had a number of key personalities from the mountain biking fraternity in attendance, including Absa Cape Epic Founder, Kevin Vermaak, Absa Pride riders from over the years as well as Springbok legends John Smit and Joel Stansky. As part of the #Conquerasone campaign, Absa hosted two separate #Conquerasone inspired competitions. The first competition was a pre-race competition launched in partnership with Bicycling. Riders were encouraged to share inspirational stories of adversity whether on a bike or in their personal lives with the public being mobilized to vote for their favorite story. The winner of the first competition was Justin Jeffery. Justin story and journey is more than deserving and a complete celebration of the human spirit. As a biokineticist, he has been working to help rehabilitate people who have brain and spinal cord injuries. Over the years he has participated in a number of races, which he does on a tandem to provide people with various disabilities an opportunity to experience the race. Justin’s main mission is to continue to inspire and assist people with limited physical ability to experience joy on the bike. His story is one that totally epitomizes #Conquerasone. The second competition was hosted during the 2017 Absa Cape Epic race. The premise of the competition was to celebrate and recognise the spirit of teamwork and perseverance at the race. Over the 8 days of the race Absa challenged all participants to rally those around them to conquer the world’s premier mountain bike race. On each day of the . . .