Tag: transformation

The findings of PwC’s inaugural Voice of the Consumer Survey highlight changing attitudes toward responsibly sourced and eco-friendly goods. Released in May 2024, the findings are based on 15 years of research and insights from over 20,000 shoppers in 31 countries. 46% of respondents reported buying more sustainable products to reduce their personal environmental impact. These evolving attitudes have caught the attention of South African e-commerce businesses, given the growth of online shopping.

There is a problem with Enterprise and Supplier Development (ESD) programmes in South Africa. We are finding out the nature of the problem and what can do about it. South Africa has a strong financial and capacity development landscape for Small, Medium and Micro Enterprises (SMMEs).

In Johannesburg, City Improvement Districts (CIDs) play a crucial role in urban development and management. These districts focus on collaboration. Property owners and tenants work together to tackle critical urban challenges. As a result, they enhance the quality of business environments.

Does anyone remember when banks and insurance companies lamented that customer information couldn’t be leveraged effectively? This was because it was locked up in silos. Surprisingly, you don’t need a long memory - this was only about 12 months ago. And it remains a major issue for large organisations. Many still struggle to integrate disparate divisions dealing with the same customers, but separately.

When was the last time you bought something with physical cash or wrote out a cheque? In fact, how often do you even have to do money transfers on your laptop rather than your phone? When did you last have a one-on-one appointment with your insurance broker? Pick any area of finance and you’ll likely find similarly big changes over the past couple of decades. 

Two years ago, we warned that organisations failing to embrace data, artificial intelligence (AI), and technology would risk being left behind by their competitors. A year later this prediction came true as organisations ranked technology as the most disruptive force in organisations in 2023 and rocketed to the top of the corporate agenda.

The recent gazetting of the Legal Broad-Based Black Economic Empowerment (B-BBEE) Sector Codes of Good Practice (LSC) occurred on September 20, 2024. This is a significant milestone for the transformation of the legal profession in South Africa. It marks a pivotal moment, aligning with the nation’s constitutional commitment to equitable economic participation.

As South Africa continues its journey toward a sustainable energy future, wind energy has emerged as a crucial element of the country’s renewable energy mix. With its rich wind resources and increasing demand for clean energy, the sector is well-positioned to contribute significantly to the nation’s energy goals. Despite this promising outlook, several significant challenges could impede its growth.

Have you ever been in a workplace situation with a difficult manager? These managers can test your patience, resilience, and professional sanity. Instead of letting these experiences drown your spirit, use this opportunity as a learning experience and practice your skill of speaking up.

In South Africa, businesses are required to contribute to the social and economic development (SED) by the Broad-Based Black Economic Empowerment (B-BBEE) Act of 2003. This legislation stipulates the assessment of SED performance through a scorecard covering enterprise development, skills training, job creation, socio-economic projects, and preferential procurement.