Telkom has announced that its CEO and executive director Sipho Maseko will step down on 30 June 2022. The telecoms company said the process to appoint a successor is well underway and a designated group CEO will be announced in the not too distant future.
It is possible that cooking oil prevented more looting in South Africa in the last week than the president, the ANC, the intelligence community, the army and the police combined. This, without question, says something about the versatility of the product. It says even more about the state of the state. When you are shown up by canola, you might want to revisit your strategy.ByHoward Feldman
Performance Media across Search, Social and Programmatic platforms is the single fastest growing area of digital media in South Africa. Combine that with the detailed analysis of campaign management, tagging and ad operations, and it becomes apparent that these highly specialist functions require a highly specialised unit.
The Transnet Port Terminals website has been hacked, implying that all companies under Transnet have been affected. All Transnet websites were down at the time when reporting was done for this SA Trucker article. The publication cited sources who requested to remain anonymous because they are not allowed to speak to the media.
The Covid-19 pandemic has hit South Africa's small business sector hard and there are grim statistics to bear this out. Those statistics will not be repeated here. After all, if you are a small business owner setting out on the road to recovery, the last thing you probably want is more details of the toll the pandemic has taken on small enterprises. Far more useful would be some good, solid tips on how to build back better after any business setbacks.ByAmeen Hassen
We learned several key lessons during 2020 that we can take forward into the new year. One is that virtual events are here to stay. We will definitely host in-person events when this is possible, but our eyes have been opened to the possibilities and benefits that virtual events bring. Mostly, though, we’ve realised that resilience, adaptability and sustainability are going to be critical to get us through the coming year and beyond.
So what are the key trends we can expect in the coming year?
More than ever, NPOs need multiple income streams
2020 highlighted the old social investment adage that while self-generated income is hugely helpful, it’s not that reliable. Funders are increasingly looking for diversified income streams and recurring giving to drive sustainability within beneficiary organisations. When funders see predictable revenue streams, they’re more comfortable that their investments are going to make an impact within an organisation that can get through uncertain times and is set up to scale.
According to CSI consultancy Trialogue, South African companies spent an estimated R10.7bn on corporate social investment (CSI) in the 2020 financial year...
26 Nov 2020
A bigger focus on measuring impact
Around the world, there is a real need for NPOs and social investors to find ways to effectively measure the impact of their efforts and investments. This comes off the back of a decrease in both private sector and government funding, at a time when social needs have increased dramatically.
To support this, more than 95 NPOs and businesses from the Nation Builder community have been working to establish a standardised reporting guideline for impact management reporting. This guideline, to be launched in March 2021, will set a solid foundation for alignment on reporting approaches in the sector.
We will also launch an impact management reporting masterclass series in May 2021. These masterclasses will take participants on a deep dive into the various aspects of impact reporting. Our aim with these free products is to ensure that every investment of time or resources helps achieve long-term, sustainable change in the lives of those who need it the most.
Pan-African network for social investors African Venture Philanthropy Alliance (AVPA) recently launched its inaugural report on the state of social investment financing in Africa...
11 Nov 2020
More collaboration for greater impact
A key lesson we learned in 2020 is that we’re truly stronger when we work together. In 2021, we can expect to see more partnerships, mergers and joint ventures than ever before as NPOs and the social impact community looks to find ways to maximise their impact with limited resources. We’ve already seen unprecedented levels of collaboration between the private sector and NPOs this year to understand shared challenges, and between different NPOs to expand their operations into areas that aren’t traditionally their core strengths.
Some NPOs may even consider mergers, or sharing core infrastructure, as they look to be as lean and effective as possible. By driving greater collaboration between all parties in the social investment space, we will certainly gain new insights and have greater impact.
2020 has been one of the most challenging years the South African social investment sector has ever faced. But by taking the lessons we’ve learned on board, we’ll be able to face 2021 as a more resilient and sustainable sector – ensuring the best possible support of the most vulnerable in our nation.
About the author
Keri-Leigh Paschal is an executive trustee at social impact initiative Nation Builder.
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