WealthWisemagazineSouth Africa

Oct/Nov 2012Vol II/No. 15

William DukEntrepreneurof theYear

www.wealthwisemag.com

The Entrepreneurship IssueMaster the Art of House FlippingActive vs Passive Investing

GregMasonTheBusinessCoachon SABC 3

Celebrating Entrepreneurship

ForeWord

uilding a nation ofentrepreneurs is, inour opinion, the bestanswer to South

Africa’s unemployment andskills development issues.In this edition of WealthWisemagazine, affectionately titled“The Entrepreneurship Issue”,weadvocateforawidersupportfor local entrepreneurs,particularly the small, mediumand micro enterprises (SMME)whoareresponsibleforcreatingmore than half of the jobs inthe country’s formal sector.

We hope that our publicationwill inspire you to make everyday, long­lasting changes to awealthier future.Denisa OosthuizenManaging Editor

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We chat with business coachGreg Mason about his show,TheBusinessCoachonSABC3,on assisting businesses andentrepreneurial TVshowsandwe look at entrepreneurialawards as a ramp of

showcasing new upcomingentrepreneurial talent. MeetWilliam Duk, the winner ofSanlam/Entrepreneur of theYear 2012 competition, whoseinspirational journey tobusiness success is not to bemissed.Going beyond entrepreneurialchallenges and the currentstate of affairs in South Africa,there are fundamentalchanges happening worldwidein the way we work and buildour careers.ExpertGraemeCodringtonandco­authorof recently launchedbook “NavigatingYourCareer”shows us how we can future­proof our careers and makeevery working day aworthwhile and happy one.

Email:denisa@wealthwisemag.co.zaeditor@wealthwisemag.co.zaFacebook: WealthWisemagazineTwitter: @WealthWisemagLinkedIn:www.linkedin.com/company/wealthwise­magazineWeb:www.wealthwisemag.com

October/November 201 2

Contents

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Coverstory8 Greg Mason, The Business Coach onSABC314 Inerview Marius le Roux, Standard Bank

LifeWise18 Life and Financial Choices

MoneyWise21 How to Tighten Your Savings Belt23 Resources at Lowest Valuation in Over aDecade26 Active versus Passive Investing How tobenefit from economic gloom30 Mastering the Art of House Flipping

BusinessWise34 Navigating Storming Seas ­ What to dowhen your business is in turmoil38 William Duk, Entrepreneur of the Year201244 Entrepreneurship in South Africa

CareerWise47 Transform Your Career48 Sending HRdepartments back to school

Lifestyle52 Burrata ­ a Somellier'sBusiness Dream57 Books60 Events

Regulars2 ForeWord4 Contents5 Contributors62 In next edition

Paul Leonard is anexecutive director ofConsolidated FinancialPlanning. He runs the EasternCape region and has becomewell known throughout theEastern Cape for his dailypersonal finance insert calledMONEY TALK on Algoa FM,which has been on air sinceOctober 1994.Read his article on life andfinancial choices in LifeWisesection, page 18.

Andrew Dittberner isSenior Investment Managerat Cannon Asset Managementand portfolio manager of theCannon Flexible Fund.Cannon Asset Managers is aniche investmentmanagement company basedon the philosophy andprinciples of value investingas an investmentmanagement approach.Read Andrew's analysis onresources in MoneyWisesection, page 23.

Tendani Mantshimuliis Liberty’s very own expert inthe science of economics. Shehas extensive experience inthe field, having worked atthe South African ReserveBank for nine years as aSenior Economist, as well aslecturing at the University ofLimpopo for nine years.Read Tendani's advice onsaving in MoneyWisesection, page 21 .

Contributors

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Jan­Carel Botha is aCertified Financial Planneprofessional, Financial atUltima financial planners and2012 Financial Planner of theyear. He has been a guestspeaker on various topics offinancial planning, whichincludes being a guest onSummit TV’s show, TheSummit Investor and alsoregularly features as studioguest of Wealth ThroughFinancial Planning on localradio station, Impact radio103FM.Read Jan­Carel's feature aboutactive versus passive investingin MoneyWise section, page26.

JP Farihna is GeneralManager at Property24. Hewas also managing Director ofiafrica.com. JP has worked forthe JHB Stock Exchange andDeutsche Bank London. JP isthe founder of the OnlinePublishers Association. He setup the Nielsen//Netratingssystem in SA. JP joinedKorbitec as General Managerof Property24 in 2010.Read JP's article about houseflipping in MoneyWisesection, page 30.

Catherine Wijnberg isis an enterprise activist andCEO of Fetola, an enterprisedevelopment and economicempowerment agency with avision to change lives for thebetter.Read Catherine's article aboutbusiness challenges inBusinessWise section, page34.

Contributors

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WealthWise magazinePublisherREO Media SolutionsManaging EditorDenisa Oosthuizendenisa@wealthwisemag.co.zaEditorialeditor@wealthwisemag.co.zaSales and MarketingAdvertisingsales@wealthwisemag.co.zaGraphic DesignREO Media SolutionsLayout: Nial l Brown

Cover: Greg Mason - The Business Coach

Photos: dreamstime.com and contributors' photos

Webwww.wealthwisemag.comwww.wealthwisemag.co.zaCopyrightShould you wish to make use of any of the contentdisplayed, please contact us ateditor@wealthwisemag.co.za.

Anton Ressel is anexperienced businessdevelopment consultant with aspecial focus on community­based businesses, emergingentrepreneurs, small­scalemanufacture and the creativeindustries. He is an AssociateConsultant at ED and CSIspecialist agency Fetola, whichspecialises in assistingemerging entrepreneurs,SMEs, grassroots projects andcommunity basedorganisations to attain newlevels of success.Read Anton's feature aboutentrepreneurship inBusinessWise section, page44.

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Contributors

CoverStory

reg Mason is TheBusiness Coach,the man whotraded his

successful years in thecorporate financial servicesindustry for assistingentrepreneurs to tackle andovercome challenges andobstacles in business inSABC’s reality show, “TheBusiness Coach”.His passion for businesscoaching has developedover more than a decadespent in the corporatefinancial world, and also asHead of Change for one ofthe largest financial services WealthWise magazine:

How is The BusinessCoach different fromother business shows inthe country? What arethe show’s strengths?Greg Mason: The show isnot just about pushing

content at the participants,it’s fundamentally abouthelping small businessowners change their self­limiting beliefs aboutthemselves and theirbusinesses, and providingpractical advice andguidance to assist them toovercome stumbling blocks.Through the process, theyare coached to think like abusiness owner. They gethomework and tasks to do.They have to physically takeaction and are often pushedout of their comfort zones.Each episode is filmed overa period of a month, soviewers get to see changesin the business owners takeshape. What is important isthat the viewers at home,many of whom are aspiringor existing entrepreneurs,can identify with some of

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groups in South Africa,where he interacted withtwelve different companies.A certified business andexecutive coach with fiveyears experience in activelycoaching SMEs owners, Greg

is now taking his passion totelevision, meeting withvarious entrepreneurs infront of the cameras anddeveloping solutions to theirmost challenging issues, bydrawing from his diverseexperience in accounting,HR, IT, strategy andbusiness planning, changemanagement and projectmanagement.We chatted with Greg abouthis involvement in the showand the challenges faced bytoday’s South Africanentrepreneurs.

Greg Mason,The Business Coachon SABC3

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by Denisa Oosthuizen

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