Net 1 to fight the National Credit Regulator

Net 1 has come out guns blazing accusing the NCR of making “inflammatory allegations” that it claims are “riddled with factual inaccuracies”.

 

The company’s terse response follows a notice issued by the NCR earlier this week announcing that it had applied to the National Consumer Tribunal to have Moneyline Financial Service’s registration cancelled.

 

The NCR accuses Moneyline of contravening the National Credit Act (NCA) by extending credit to consumers receiving child support and foster grants where the grants were used as income for assessing a consumers’ credit affordability.

 

Moneyline was also accused of granting credit to consumers receving social grants without assessing their debt repayment history and without taking into account their monthly living expenses.

 

The NCR went on to say that Moneyline’s credit agreement with consumers “is not in the prescribed form and does not contain crucial information about the rights and obligations of consumers. Moneyline Financial Services does not keep and maintain documentation in support of the affordability assessments relating to consumers’ income and debt repayment history.”

 

Dr Serge Belamant, Net 1 chairman and CEO, responded to the allegations today saying the company was “perplexed” by the NCR’s decision to release a statement into its investigation into Moneyline’s practice without informing the company first and for failing to give his company a right of response to the allegations.

 

“We strongly deny any contravention of the NCA and will oppose the NCR’s application. As a South African- and US-listed public company, we adhere to stringent internal controls and compliance procedures and we are subjected to regular internal and external audits, all of which are documented and accessible for review by any regulator,” said Belmant in a statement.

 

“We reiterate our commitment to provide affordable, responsible financial inclusion services to all citizens of South Africa, especially those who have no other access to formal financial services and often require short-term credit to improve the lives of their family units,” he said.

 

Wikus Olivier, a debt counsellor at DebtSafe said that it’s entirely ethical and legal for credit providers to extend finance to any section of the population provided that credit providers perform proper affordability assessments, expense analysis and checks and balances to ensure a consumer can reasonably afford the amount of credit extended to them.

 

Depending on the credit amount the applicants seek, Olivier said Moneyline’s lending practice could potentially lead disenfranchised consumers into a debt trap.

 

NCR CEO Nomsa Motshegare earlier condemned the practice saying: “The use of child support grants as income for purposes of conducting affordability assessments on credit applications is totally unacceptable. It deprives children of money meant to provide for their daily necessities.”

 

Source: Destiny Connect

Municipal rates and taxes track at 2.5 times the inflation rate

Second fastest-growing operating cost item for property owners and investors

To put some numbers around the issue, consider that total operating costs for commercial properties in 2014 averaged R47/m², of which R11.60/m² went to municipal rates and taxes. That means municipal rates and taxes effectively doubled in real terms since 2000, when rates and taxes accounted for R4.93/m².

As Gopal points out, the report concludes that rates and taxes are the second fastest-growing operating cost item for property owners and investors. Indeed, only electricity costs have risen at a higher pace.

“Real increases in rates and taxes have been especially pronounced in the retail sector. Since 2007, retail property rates and taxes have grown by inflation plus 11.6%,” says Gopal.

The report pinpoints other trends that raise red flags for the property sector. While municipal rates and taxes largely moved in line with commercial property values during the early 2000s, before the global recession, the opposite has been the case ever since.

In recent years, rates and taxes in SA have increased at a significantly higher rate than commercial property values.

“By June 2014, that growth had resulted in an over-recovery of commercial rates and taxes of about 12%, and there is little likelihood the gap will close in the foreseeable future,” explains Gopal.

The analysis further finds a weak relationship between a property’s market value and the level of rates and taxes levied. The largest mis-pricing is in the office and industrial sectors of the market – typically sectors where properties have unique characteristics that could impact their value.

To attract more built investment

The report notes that some smaller municipalities could change their rates policies to attract more built investment. Nelson Mandela Bay, Buffalo City and Mangaung all charge commercial property rates over two cents in the rand, a position that is not considered pro-business.

“A lower ‘cents in the rand’ rate could act as a catalyst for increase investment flows,” comments Gopal.

This is echoed by SAPOA’s regional Chairman for KwaZulu-Natal Edwin van Niekerk, who believes that municipalities would do well to expand the rates base rather than simply increasing the burden on existing landlords.

“Rates and the cost of doing business are a key consideration in corporate location decisions. It’s a balancing act that cities get wrong at their peril,” he adds.

Still, as he underscores, it’s important to consider the context of individual municipalities. “Consider the case of Ethekweni, which has large areas of previously-disadvantaged communities and a significant need for infrastructure development,” he elaborates. “It’s not realistic to compare that with a municipality which is almost fully developed.”

The challenge is that property rates and taxes are a key generator of revenue for municipalities. This year, property rates and taxes brought in 17% of total municipal revenue for the eight municipalities included in the study.

Source:

Luminance is Free

Businesswoman Judy Dlamini has taken over the debt owed by luxury Hyde Park store Luminance to the National Empowerment Fund (NEF).

 

She said on Friday she has, “through my private company, acquired all of the outstanding debt associated with the Luminance transaction from the NEF”.

 

“I have done this as a businesswoman who believes she can position the venture for growth in the South African fashion retail sector.” It is unclear how much debt was outstanding. The NEF lent Luminance R34.1 million, but said some of the debt had been paid.

 

Dlamini would not answer specific questions, saying “Luminance, as a private company, will not engage further in internal business details that do not involve people who are not shareholders”.

 

Luminance is owned by Ndalo Luxury Ventures, which is 65% owned by Khanyi and Venetia Dhlomo. Nonduna Investments, which is the Dlamini’s family investment vehicle, owns 15%.

 

Dlamini did not say which company had acquired the debt, nor did she answer questions about whether this meant she would become a bigger shareholder in Luminance.

 

Dlamini also sits on the boards of Anglo American and Aspen.

 

 

Source: City Press

Loeries 2014: All the winners

A noticeable camaraderie and mutual respect was evident, with all work being applauded, not only that of the winning agency concerned. Maybe everyone realises that apart from sheer talent, how much hard work, technical skill and good management is required to bring award winning work to fruition nowadays.

Speaking at DSTV Seminar of Creativity earlier in the week Stephen Doyle from www.doylepartners.com in NYC, had remarked that the standard of Communication Design of which he was a judge, was impressive and that there was much of the work that he wished he had done himself.

The industry as a whole can be proud of their achievements, not least of all because so much of the work is devoted to enhancing and facilitating not only business, but also worthy causes in our region.

A total of 142 trophies were handed out, three of which were Grands Prix – awarded to Anti Est and Grid Worldwide Branding for “#Unlearn”, in Design Mixed-Media Campaign; Mi-Fone and One Kingdom Creative Studio for “Oju Africa App”, in Digital & Interactive – Mobile Applications & Sites; and Coca-Cola South Africa and FCB South Africa for “A rainbow for the Rainbow Nation”, in Outdoor Media.16 Gold Awards and nine Craft Gold Awards were handed out. Of these, four Student Gold and three Student Craft gold were awarded.

The awards were judged by over 140 local and international experts in their fields, including three international jury chairman from San Francisco, Melbourne, New York City, as well as regional judges from Accra, Dar es Salaam and Nairobi.

Winners in the following categories were announced at Saturday night’s award ceremony:

Student Awards; Print Communication & The Times Newspaper Award; Outdoor & Collateral; Ambient, In-Store, Alternative Media, Direct Mail & Field Marketing & the ADreach Street-Pole Award; Communication Design & the Antalis Creative Use of paper Award; Digital & Interactive Communication; and the Unilever Ubuntu Award for Sustainable Marketing.

Prize Category Brand Product Entry Agency Title
Silver Brand Identity & Collateral Design – Logos Fonts For The Future Fonts For The Future Shift Joe Public Fonts For The Future
Silver Brand Identity & Collateral Design – Logos 5 and 10 Architectural Rendering Services Boomtown Between 5 and 10
Bronze Brand Identity & Collateral Design – Logos Punk Corporate Identity Punk / King James Group I AM PUNK
Campaign Bronze Brand Identity & Collateral Design – Identity Programmes Nestle Professional Nestle Professional Lowe Cross Colours Thought for food
Campaign Bronze Brand Identity & Collateral Design – Identity Programmes The Post Office The Post Office Retouching Studio Joe Public Meet The Post Office
Campaign Bronze Brand Identity & Collateral Design – Identity Programmes The Hardy Boys The Hardy Boys The Hardy Boys THB Group CI
Campaign Bronze Brand Identity & Collateral Design – Posters & Billboards ANTI EST #UNLEARN Grid Worldwide Branding (Pty) Ltd ANTI EST #UNLEARN
Gold Brand Identity & Collateral Design – Direct & Promotional Mail Antalis Arjowiggins Paper Range Shift Joe Public Start The Day With Paper
Bronze Brand Identity & Collateral Design – Direct & Promotional Mail Nandos How does Nandos make you feel? Black River FC How does Nandos make you feel?
Silver Brand Identity & Collateral Design – General Collateral Adidas Orlando Pirates 140 BBDO The Ghost
Campaign Bronze Brand Identity & Collateral Design – General Collateral Joburg Zoo Night Tours Y&R South Africa See what comes out in the dark
Bronze Brand Identity & Collateral Design – General Collateral Absa Sponsorship The Jupiter Drawing Room (South Africa)Johannesburg Make Think Did
Bronze Three Dimensional & Environmental Design – Architecture Steyn City Development Steyn City Clubhouse Boogertman & Partners Architects The Disappearing Clubhouse
Bronze Three Dimensional & Environmental Design – Interior Design & Temporary Structures ANTI EST #UNLEARN Grid Worldwide Branding (Pty) Ltd ANTI EST #UNLEARN
Bronze Three Dimensional & Environmental Design – Package & Industrial Design LAND ROVER JAGUAR LAND ROVER Y&R South Africa LAND ROVER BOTTLE CAP
Gold Publication Design – Book; Magazine & Newspaper Design Fonts For The Future Fonts For The Future Shift Joe Public Fonts For The Future
Silver Publication Design – Annual Reports; Brochures & Technical Literature South African Maritime Safety Authority South African Maritime Safety Authority Shift Joe Public Expanding Possibilities
Bronze Publication Design – Annual Reports; Brochures & Technical Literature Wildlife and Environment Society of South Africa Annual Review human.kind Advertising WESSA Annual Review 2013
Bronze Motion Graphic Design – Broadcast Design & Graphics SuperSport Absa Currie Cup Thackwell & Whittaker SuperSport Absa Currie Cup Promo
Grand Prix Design Mixed-Media Campaign ANTI EST #UNLEARN Grid Worldwide Branding (Pty) Ltd ANTI EST #UNLEARN
Campaign Gold Design Mixed-Media Campaign Fonts For The Future Fonts For The Future Shift Joe Public Fonts For The Future
Campaign Silver Design Mixed-Media Campaign Chamber of Mines SA Mining Quirk Cape Town (Pty) Ltd COMSA : Whats Yours Is Mined
Campaign Bronze Design Mixed-Media Campaign Interactive Africa Design Indaba The Jupiter Drawing Room (South Africa) Cape Town Design Indaba – Spread the Word
Craft Certificate Design Crafts – Photography The Hardy Boys The Hardy Boys The Hardy Boys THB Group CI
Craft Gold Design Crafts – Illustration ANTI EST #UNLEARN Grid Worldwide Branding (Pty) Ltd ANTI EST #UNLEARN
Craft Gold Design Crafts – Typography Fonts For The Future Fonts For The Future Shift Joe Public Fonts For The Future
Craft Certificate Design Crafts – Typography ANTI EST #UNLEARN Grid Worldwide Branding (Pty) Ltd ANTI EST #UNLEARN
Craft Certificate Design Crafts – Typography Antalis Arjowiggins Paper Range Shift Joe Public Start The Day With Paper
Bronze Digital & Interactive – Internet Advertising First National Bank FNB League of Innovators Gloo Digital Design FNB League of Innovators
Campaign Bronze Digital & Interactive – Email marketing Heat Magazine Heat Magazine Publicis Machine Letters
Bronze Digital & Interactive – Email marketing Right2Know Right2Know Ireland/Davenport Confidential E-mail
Gold Digital & Interactive – Website Wrigley Skittles DDB South Africa Smuggle the Rainbow. Taste the Rainbow.
Silver Digital & Interactive – Website Merchants on Long African Concept E-Store Pier2Pier Merchants Online
Bronze Digital & Interactive – Website Capitec Bank Capitec Bank Website Quirk Cape Town (Pty) Ltd Capitec Bank Website
Gold Digital & Interactive – Microsite Brandhouse Beverages Johnnie Walker King James Group King Of Flavour
Bronze Digital & Interactive – Microsite BirdLife South Africa Save Our Seabirds Festival Utopia The Penguin Run
Silver Digital & Interactive – Social Media PharmaDynamics Efferflu C Immune Booster Saatchi & Saatchi South Africa Project Trapped
Silver Digital & Interactive – Social Media Metro FM The 13th Metro FM Music Awards King James II Pilgrimage
Bronze Digital & Interactive – Social Media The Haven Night Shelter on Napier The Street Store M&C Saatchi Abel The Street Store
Silver Digital & Interactive – Applications; Activations & Interactive tools First National Bank FNB ATM Switch Gloo Digital Design FNB ATM Switch
Silver Digital & Interactive – Applications; Activations & Interactive tools Johnnie Walker Johnnie Walker King James Group Johnnie Walker Whisky Profiler
Bronze Digital & Interactive – Applications; Activations & Interactive tools Labello Labello FCB South Africa (PTY) LTD and HelloComputer The Electric Kiss Project
Bronze Digital & Interactive – Mobile Advertising MINI MINI JCW Gloo Digital Design MINI JCW
Grand Prix Digital & Interactive – Mobile Applications & Sites Mi-Fone Oju One Kingdom Creative Studio Oju Africa App
Bronze Digital & Interactive – Mobile Applications & Sites Modjaji Books bookly NATIVE VML bookly
Campaign Gold Digital Integrated Campaign Nedbank Ke Yona NATIVE VML Ke Yona
Campaign Silver Digital Integrated Campaign Brandhouse Johnnie Walker King James Group King Of Flavour
Campaign Silver Digital Integrated Campaign PharmaDynamics Efferflu C Immune Booster Saatchi & Saatchi South Africa Project Trapped
Campaign Silver Digital Integrated Campaign Wrigley Skittles DDB South Africa “Smuggle the Rainbow. Taste the Rainbow.”
Campaign Bronze Digital Integrated Campaign Exclusive Books Exclusive Books Thirtyfour Opening Lines
Campaign Bronze Digital Integrated Campaign Modjaji Books bookly NATIVE VML bookly
Craft Certificate Digital Crafts – Interface & Navigation Hollard Hollard Ascend NATIVE VML Hollard Ascend
Craft Gold Digital Crafts – Illustration; Photography & Graphic Design Nestle Professional Nestle Professional Lowe Cross Colours Thought for Food
Craft Certificate Digital Crafts – Illustration; Photography & Graphic Design Punk Corporate Identity Punk / King James Group I AM PUNK
Craft Certificate Digital Crafts – Best use of Technology First National Bank FNB ATM Switch Gloo Digital Design FNB ATM Switch
Craft Certificate Digital Crafts – Best use of Technology Punk Corporate Identity Punk / King James Group I AM PUNK
Grand Prix Outdoor Media Coca-Cola South Africa Coca-Cola FCB South Africa (PTY) LTD A rainbow for the Rainbow Nation
Campaign Bronze Outdoor Media City Lodge Hotels Road Lodge TBWAHuntLascaris Johannesburg We Use Our One Star For What Counts
Bronze Outdoor Media Nedbank Savvy Joe Public Water Billboard
Silver Street-Pole Foodcorp Bobtail Joe Public Streetpole for dogs
Campaign Bronze Street-Pole Volkswagen Volkswagen Side Assist Ogilvy & Mather Cape Town The Posters That Know What’s Coming
Bronze Ambient Media National Responsible Gambling Programme National Responsible Gambling Programme Havas Worldwide Johannesburg Dice
Silver In-Store Warwick Wines The Grape Shed Thirtyfour Wine Awards
Gold Alternative Media & Field Marketing The Haven Night Shelter on Napier The Street Store M&C Saatchi Abel The Street Store
Gold Alternative Media & Field Marketing CHEVRON/CALTEX LICENCE TO LIVE Y&R South Africa LICENCE TO LIVE
Silver Alternative Media & Field Marketing Tiger Brands Tiger Brands TBWAHuntLascaris Johannesburg The Tiger Alphabet
Silver Alternative Media & Field Marketing Absa Sponsorship The Jupiter Drawing Room (South Africa)Johannesburg Make Think Did
Bronze Alternative Media & Field Marketing Fox International Channels Fox Crime Channel Ireland/Davenport Fox Crime: Cinema Crime Scene
Bronze Alternative Media & Field Marketing Avis Chauffeur Services Aqua / Wunderman AVIS CHAUFFEUR RIDE
Bronze Alternative Media & Field Marketing Salvation Army Salvation Army Blanket Drive Owenkessel Leoburnett Cover Drive
Campaign Gold Newspaper Advertising Bose Noise Cancelling Headphones Ogilvy & Mather Johannesburg Noise Cancelling Headphones
Campaign Silver Newspaper Advertising Mail & Guardian Mail & Guardian TBWAHuntLascaris Johannesburg Freedom is knowing
Campaign Silver Newspaper Advertising GUN FREE SOUTH AFRICA GUN FREE SOUTH AFRICA Y&R South Africa TWO HANDS
Campaign Bronze Newspaper Advertising Unilever Omo DIG The Hardy Boys Clean Never Discovered
Campaign Bronze Newspaper Advertising Boxman Boxman MCSaatchi Abel Cracks
Gold Tactical use of Newspaper One School at a Time Project English Joe Public Project English Print
Campaign Bronze Tactical use of Newspaper Freq’ncy Sound Studio Freq’ncy Sound Studio Publicis Machine Relocation
Campaign Bronze Tactical use of Newspaper Volkswagen Volkswagen Side Assist Ogilvy & Mather Cape Town The Press Ads That Know What’s Coming
Bronze Tactical use of Newspaper Nedbank Capital Nedbank Capital Sustainability Awards Joe Public The Future Newspaper
Campaign Silver Magazine Advertising Foodcorp Bobtail Joe Public When they wont let go
Gold Posters Volkswagen Golf R Ogilvy & Mather Cape Town Terminal Velocity
Campaign Bronze Posters District Six Museum Walking Tours Ogilvy & Mather Cape Town District Six Ex-Residents
Campaign Bronze Posters LAND ROVER JAGUAR LAND ROVER Y&R South Africa Herds
Campaign Bronze Posters Flight Centre Student Flights TBWAHuntLascaris Johannesburg Travel before its not fun anymore
Campaign Bronze Posters Origin Coffee Roasters Origin Dark Roast Coffee Joe Public Wake-up Calls
Campaign Craft Certificate Print & Collateral Crafts – Art direction CNA Halloween Promotion Promise Masks
Craft Certificate Print & Collateral Crafts – Art direction The Haven Night Shelter on Napier The Street Store M&C Saatchi Abel The Street Store
Craft Certificate Print & Collateral Crafts – Art direction Wrigley Skittles DDB South Africa Smuggle the Rainbow. Taste the Rainbow.
Craft Gold Print & Collateral Crafts – Writing Bryanston Parallel Medium School Bryanston Parallel Medium School Joe Public Stories
Craft Certificate Print & Collateral Crafts – Writing Nandos 1918 – Forever Black River FC 1918 – Forever
Craft Certificate Print & Collateral Crafts – Writing Sprite Sprite Ogilvy Africa Bill the Billboard
Campaign Craft Gold Print & Collateral Crafts – Photography District Six Museum Walking Tours Ogilvy & Mather Cape Town District Six Ex-Residents
Campaign Craft Certificate Print & Collateral Crafts – Photography LAND ROVER JAGUAR LAND ROVER Y&R South Africa Herds
Campaign Craft Certificate Print & Collateral Crafts – Photography Roofings Roofings electric fencing Scanad Uganda Shock
Campaign Craft Gold Print & Collateral Crafts – Illustration CNA Halloween Promotion Promise Masks
Campaign Craft Certificate Print & Collateral Crafts – Illustration Origin Coffee Roasters Origin Dark Roast Coffee Joe Public Wake-up Calls
Craft Certificate Print & Collateral Crafts – Typography Castle Castle Lager Thirtyfour Save our indigenous forests
Gold Ubuntu Award Exclusive Books Exclusive Books 140 BBDO Exclusive S.E.E.D Library
Silver Ubuntu Award KFC South Africa Add Hope Ogilvy Public Relations South Africa Faces of Hope
Bronze Ubuntu Award Modjaji Books bookly NATIVE VML bookly
Bronze Ubuntu Award Khayelitsha Cookies Scrumptious Cookies Y&R South Africa Scrumptious Cookies
Gold Student – Motion Graphics Ubuzu Ubuzu Font North-West University Ubuzu
Silver Student – Motion Graphics Bronte’s Story Bronte’s Story Title Sequence AAA School of Advertising Cape Town Bronte’s Story
Silver Student – Motion Graphics Creep TV Creep TV North-West University Creep TV
Silver Student – Motion Graphics EL Hannez Self-Promotional North-West University EL Hannez
Bronze Student – Motion Graphics Short Film – Animation Wegkruipertjie AFDA The South African School of Motion Picture Medium and Live Performance Wegkruipertjie
Bronze Student – Motion Graphics Short Film Rift AFDA The South African School of Motion Picture Medium and Live Performance Rift
Craft Gold Student Crafts – TV; Film & Video Crafts Ubuzu Ubuzu Font North-West University Ubuzu
Bronze Student – Radio Commercials MTN MTN Mahala Airtime AAA School of Advertising JHB MTN – I’m a Hero – Pastor
Bronze Student – Radio Commercials Nando’s Nando’s AAA School of Advertising JHB Nando’s E-toll
Bronze Student – Radio Commercials Lion Matches Lion Matches AAA School of Advertising JHB Lion Strike
Campaign Bronze Student – Newspaper & Magazine Advertising Scrabble Scrabble AAA School of Advertising JHB Equal Playing Field
Bronze Student – Newspaper & Magazine Advertising Sandisk Sandisk Safe Data Storage AAA School of Advertising Cape Town Sandisk 2. Carousel Of The Mind.
Campaign Silver Student – Posters The Body Shop Colour Crush Lipstick Red &Yellow School The Body Shop Effect
Silver Student – Posters Sleep Cycle Infographic on Dreaming AAA School of Advertising Cape Town The Dreamatorium
Silver Student – Outdoor; Collateral & Alternative Media Beacon All-Sorts AAA School of Advertising Cape Town Poppable Billboard
Silver Student – Outdoor; Collateral & Alternative Media SPCA SPCA Rescue Horses Stellenbosch Academy of Design and Photography Rescue Horses
Silver Student – Outdoor; Collateral & Alternative Media Know-It-Wall Know-It-Wall The Open Window School of Visual Communication Know-It-Wall
Campaign Bronze Student РLogos and Identity Programmes The Breadline Eatery Restaurant/ Caf̩ Red&Yellow School The Breadline Eatery
Campaign Bronze Student – Logos and Identity Programmes MK MK Social North-West University MK Fokken Dans
Gold Student – Collateral Design National Geographic 2014 Diary/Almanac AAA School of Advertising Cape Town Almanac of Extremely Average Animals
Gold Student – Collateral Design Calendar Calendar Stellenbosch Academy of Design and Photography Expose
Bronze Student – Collateral Design South African Post Office Stamps for South African Folk Tales AAA School of Advertising Cape Town Folk Tales
Bronze Student – Architecture; Interior Design & Environmental Graphics Fishbone Rocking Chair Fishbone Rocking Chair greenside design center college of design Fishbone Rocking Chair
Silver Student – Publication Design Food for thought Food for thought North-West University Food for thought
Bronze Student – Publication Design Inglourious Basterds Universal Character Profile AAA School of Advertising Cape Town Inglourious Basterds
Bronze Student – Publication Design Linotype Linotype brochure Red&Yellow School Type Wars
Silver Student – Package Design Folklore Folklore Packaging AAA School of Advertising Cape Town Folklore Packaging
Silver Student – Package Design Supplements SA Supplements SA Stellenbosch Academy of Design and Photography Kettlebells
Bronze Student – Package Design Timberland Brave and Curious Red&Yellow School Brave and Curious
Bronze Student – Package Design VANS Shoes VANS Shoes Stellenbosch Academy of Design and Photography VANS Versatile
Bronze Student – Package Design Bhuti Craft Beer Bhuti Craft Beer North-West University Bhuti Craft Beer
Bronze Student – Package Design Born and Bread Born and Bread North-West University Born and Bread
Gold Student – Digital & Interactive Communication Recollection Recollection Online Hospice Store AAA School of Advertising Cape Town Recollection
Bronze Student – Digital & Interactive Communication Digital Mom Digital Mom greenside design center college of design Digital Mom
Craft Gold Student – Print & Design Crafts – Illustration Sho’t left Sho’t Left-an illustrated zine The Open Window School of Visual Communication Sho’t Left a zine
Craft Certificate Student – Print & Design Crafts – Illustration n/a Adam The Open Window School of Visual Communication Adam
Craft Certificate Student – Print & Design Crafts – Illustration Body of Habits Body of Habits illustrated zine The Open Window School of Visual Communication Body of Habits zine
Craft Certificate Student – Print & Design Crafts – Illustration Book Illustration Book Illustration Stellenbosch Academy of Design and Photography Georgy Porgy
Craft Certificate Student – Print & Design Crafts – Illustration Honest Chocolate Honest Chocolate Stellenbosch Academy of Design and Photography Honest Chocolate
Craft Gold Student – Print & Design Crafts – Typography Pylon Typeface Pylon Typeface North-West University Pylon Typeface
Craft Certificate Student – Print & Design Crafts – Photography n/a As One: A Collection of Images Exploring The Way We Live The Open Window School of Visual Communication As One

Source: Bizcommunity

Jimmy Choo to list on London Stock Exchange

The group said in a statement that its owner JAB Luxury has agreed to float a 25% stake in a partial initial public offering (IPO) on the London Stock Exchange.

 

The firm did not state how much cash it was aiming to raise, but media reported the IPO could generate around £600 million (R10.9 billion).

 

“Jimmy Choo is an outstanding business operating in one of the fastest growing segments of the luxury market,” said Pierre Denis, chief executive of Jimmy Choo, in Tuesday’s statement.

 

He added: “Jimmy Choo is a clear success story with strong momentum and I am confident that our future as a public company can only extend our reputation and position in this attractive sector.”

 

The group, currently owned by investment company JAB Luxury, enjoyed sales of £282 million (R5.1 billion) in 2013.

 

Sales jumped 9.4% to £150.2 million (R2.7 billion) in the first half of this year, or six months to the end of June, compared with a year earlier.

 

The brand was founded by Malaysia-born Jimmy Choo in 1996 with British socialite Tamara Mellon.

 

It became a household name after repeatedly featuring on high profile TV shows including Sex and the City, and was worn by celebrities and royalty, including Britain’s Princess Diana.

 

Jimmy Choo has since developed into a luxury fashion brand encompassing shoes, handbags, leather goods, scarves, eye wear and fragrances.

 

Source: Destiny Connect

Jay Z buys luxury champagne brand

Hip-hop mogul Jay Z has always been synonymous with the luxury French champagne Armand de Brignac, also known as Ace of Spades for years. And just yesterday he proved his loyalty to the brand by purchasing it for an undisclosed amount.

 

Sovereign Brands, the New York-based wine and spirits company that owned the label would not be drawn into commenting on the value of the deal.

 

Armand de Brignac is produced by a staff of eight people at the Cattier family home in the French town of Chigny-les-Roses, with the golden bottles bearing an ace-of-spades insignia. A bottle currently retails at $225 (R2 506).

 

While the winemaking house was established in 1763, the Armand de Brignac line was only launched in 2006 – the same year it was discovered by Jay Z who featured the it in his video for the hit Show Me What You Got.

 

Yvonne Lardner, a spokeswoman for Sovereign Brands said the company has had a “wonderful relationship” with Jay Z. “He became interested in owning the brand and made us an offer we simply couldn’t refuse,” she said. “To establish an iconic, credible high-end champagne in such a short period of time is something trulyremarkable,” she added.

 

In one high-profile incident, Jay Z showed off a display of 350 bottles of Armand de Brignac in 2012 when he and his wife Beyoncé threw a fund-raising party for President Barack Obama at a New York nightclub.

 

The giant presentation was quickly covered up however, with Obama’s re-election campaign team presumably concerned about him appearing surrounded by $300-a-bottle champagne.

This acquisition is the latest business venture for Jay Z, whose original name is Shawn Carter. His past transactions have included a stake in the Barclays Center arena in Brooklyn that he later sold .

Forbes magazine has estimated his net worth at $520 million (R5,8 billion). The magazine said this week that Beyoncé was the highest-earning woman in music last year, raking in $115 million (R1,2 billion).

Jay Z and other rappers have frequently extolled the joys of champagne. His song Young Forever envisioned a time in which “you never get old and the champagne’s always cold.”

But hip-hop’s relationship with champagne has not been without its difficulties. Louis Roederer’s Cristal brand was always a favorite among hip-hop artists until in 2006 Jay Z  called for a boycott of the brand because of comments by an executive that he deemed to be racist.

The executive, who was commenting on hip-hop’s association with champagne, denied the allegations.

Source

Instagram success, what business can learn from Khaya Dlanga

It’s visual, emotive, social, and addictive. It also lives up to the adage, “A picture tells a thousand words!”
 

Instagram is currently one of the fastest growing social media sites worldwide, increasing its active user base by 23% in the last few months according to GlobalWebIndex.

The increasing growth of Instagram doesn’t surprise active user, Khaya Dlanga, Senior Communications Manager of Creative Excellence and Digital at Coca Cola. Khaya says he does not recall precisely how he joined Instagram, but remembers reading an article about it being more social than Flickr. He joined Instagram and has not looked back.

“I’m on Instagram now and I post what I like. Eat your heart out Steve Biko. (This is how spontaneously I post; I will go and post a “I post what I like” picture just now. Hold on a second while I do it.‘)” He did, check his Instagram.

Overall though, Instagram is behind by numbers when compared to the likes of Facebook, YouTube, Google+, Twitter and even LinkedIn.

The meteoric rise of Instagram in South Africa is right now.

Investing in Instagram

The SA Social Media Landscape 2014 research study concluded by World Wide Worx reveals that just over half of marketers surveyed will increase their Social Network spend next year. 67% of these marketers intend to invest on Instagram in 2015. This is an increase by a staggering 32% from the previous year.

The same Marketers, with optimistic expansion plans on Instagram admit that management buy-in, skills shortage, and budget are the biggest deterrent to moving swiftly into the Social Network space, and of course, Instagram.

There is a huge gap in skills and readily available success case studies to benchmark against. Many admit that they have already set up Instagram accounts. After all, barrier to entry is low. But these accounts are not yielding any results.

Instagram is “extremely foreign” says one such marketer, “We are on Instagram, contributing to the daily conversation but no one cares to hear what we have to say.”

Finding a social angle

Instagram sensation, author and former Head Mentor of Future Leaders Khaya Dlanga, insists that Social Networks, should be social and businesses must find a social angle when they are on Instagram

“I rarely use Instagram for work, but sometimes I do. When I do use it for business, it’s relaxed. It’s a combination of who I am. I can be funny and random. For example, I will take a line from famous South African songs and write a “funny” thesis about the line – it’s a new approach and it’s fun. My Instagram is definitely social. Sometimes I post Bible verses. Or I might tell a story, like when I fell asleep while I was sitting right next to Thabo Mbeki and he was speaking. Luckily, I never drooled on him.”

The South African solution for organisations struggling to gain traction on Instagram may be to look no further than what is available as a benchmark. And what we have available are private “home bred” Instagram accounts doing better than business “home bred” Instagram accounts.

Lessons can be borrowed from individuals like brand personality Craig Howes, who has the hearts of over 172,000 followers on Instagram without the benefit of large corporate budgets. Yet engaging!

The human side to brands

Khaya, believes that the only role to be played on Instagram is an authentic account of who you are, as an organisation or even as a person

“I can be serious, funny, quirky…. I can share travel pictures. There isn’t one thing you will find; I can be all these things. Don’t be cold and disconnected from who you are. People have to get your essence even when you are promoting yourself. You can promote yourself but don’t come across as an ass. Promote your business but be interesting about it.”

By mid-October Khaya Dlanga had 1229 posts on Instagram, with over 20,000 followers, and he followed 963 people. Of the 1229 posts, only about 24% had his face personally. Less than 30% of his personal Instagram photos were be about him directly. On evaluation, his Instagram account had excellent engagement.

“You have to go to where the people are; you must bring the human side of the brand to life. It’s really that simple. Social Networks are about people; make your brand human there” he concludes.

Source: Bizcommunity

Hungry Lion serves up Guinness World Record on Heritage Day

On Heritage Day, Hungry Lion set a new Guinness World Record for the largest serving of fried chicken, handing out over 1.6 tons free chicken to Mitchells Plain residents from a mega sized, 4-metre version of its Pride Bucket, which was specially produced for the attempt.
 

Residents received 13,644 free pieces of king sized chicken with a free Coca-Cola. This broke the current record of 1,076 kg by the Qatar Food Company at the Karaage Festival in Japan.

While queuing at Liberty Promenade Mall, crowds were entertained by the popular Shoprite TopStars singers, a compilation of 12 top singers from the competitions’ eight year history. The group of singers recently released their All-stars CD and performed from the Coca-Cola mobile concert rig erected at the event.

Guinness Book of Records will officially verify the world record and, according to its requirements, two independent auditors were present to ensure the record was true to the submission requirements stipulated.

 

Source: Bizcommunity

HCI's Golding and Hogan both quit

The intrigue surrounding Hosken Consolidated Investments (HCI) deepened when executive chairman Marcel Golding quit along with Barbara Hogan‚ a non-executive director and former cabinet minister‚ over allegations of political interference at TV station e.tv.
 

Investment group HCI is a controlling shareholder of e.tv through its Sabido Investments subsidiary. HCI said last week it had suspended Golding and was instituting disciplinary action against him after he had allegedly bought R24m in shares in Ellies‚ a distributor of set-top boxes and other digital equipment‚ without board approval.

Golding challenged his suspension in the Labour Court last week‚ but it ruled that he should face disciplinary proceedings. He announced his resignation shortly thereafter.

eNCA‚ an e.tv news channel‚ reported on that Golding is looking at pursuing a claim for constructive dismissal against HCI at the Commission for Conciliation‚ Mediation and Arbitration.

Golding claimed in his court papers that he was being pushed out of the group because he had been trying to protect e.tv’s editorial independence.

Annexed to his papers were e-mails and letters exchanged between him‚ Johnny Copelyn (the other co-founder of HCI)‚ e.tv’s Chief Executive Bronwyn Keene-Young (who is married to Golding) and HCI director Yunis Shaik. These relate to the station’s coverage of government infrastructure projects.

Secret agreement to broadcast dam opening

In one of the letters Shaik says e.tv had an “agreement” with Economic Development Minister Ebrahim Patel to broadcast an event where President Jacob Zuma would open a new dam.

Patel is a former general secretary of the South African Clothing and Textile Workers Union (Sactwu). Golding and Copelyn are both former unionists. The largest shareholder of HCI is Sactwu with a 32% stake.

However‚ Judge Anton Steenkamp said in his ruling that while there could be substantial evidence of editorial interference and it was “worrying”‚ it was not central to Golding’s application.

In one of three regulatory statements‚ HCI said: “We note the resignation of Barbara Hogan and express our surprise at the hostile manner in which it is couched and publicly distributed. We thank Barbara for her services to HCI and assure the public that‚ perhaps other than Marcel himself‚ no other board members see this matter similarly.”

According to Bloomberg‚ Hogan’s letter said Shaik had told her that Sactwu was frustrated that e.tv was not giving Patel enough coverage.

“I am mindful of the briefing that Yunis Shaik gave me when he claimed that Sactwu had lost patience with the editorial practices of e.tv‚ citing the failure to give prominent coverage to Patel’s economic pronouncements‚” she wrote in a letter dated October 26.

The eNCA website said Hogan had claimed that the Ellies share-deal investigation was done in an “unprofessional way”.

 

For more about these allegations of political interference at TV station e.tv click here.

 

Source: Bizcommunity