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  • Caban Investments Ltd - State Owned Enterprises, who should run them? - COETSA PART 3
    our own context that placing people into positions that are not suitable can have a disastrous effect on our economy Ultimately the poor suffer Not having enough power has affected the manufacturing sector slowing our economic growth and resulting in retrenchments Furthermore the load shedding activity has affected in particular small and medium enterprises SME Our economy should be structured to assist SMEs not hinder them SME development will result in a dramatic reduction in our unemployment rate Board of Directors and senior managers of SOEs should be selected through a panel This panel should have representation from organisations and individuals that have a direct bearing on the effectiveness of the economy Therefore this panel should be represented by Government Captains of Industry Through organised bodies Representative bodies of SMEs Panel of Economists The panel should have a secretariat that will scrutinise applicants Applicant s qualifications would be carefully investigated Furthermore the secretariat would disqualify any applicant that has a relationship with any member of government above and including the level of senior manager The secretariat must have investigative capabilities and proper investigation on all aspects of the CV should to be conducted before a candidate is put forward to the panel Any incorrect information would result in automatic rejection of the applicant Nepotism will also be completely eliminated The secretariat would be given clear briefs for the type of applicant required For instance the COO of Eskom would be required to be a qualified engineer the CFO should be a qualified accountant and so on Therefore someone with a beautician diploma will not be put forward as the financial controller of the SABC The secretariat would be funded by business and the officers of the secretariat would be appointed by the panel The workings of the panel and secretariat

    Original URL path: http://www.caban.co.za/caban/blog/item/180-state-owned-enterprises-who-should-run-them?-coetsa-part-3 (2016-04-26)
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  • Caban Investments Ltd - BBBEE: Can it work? - COETSA Part 2
    doing transactions with the rich get richer and the poor stay poor In this blog post I would like to focus on the ownership element of BBBEE Businesses should want to actively get involved in BBBEE but it needs to make financial sense There is always a resistance to doing something if you re forced to do so How do you make it attractive for entrepreneurs to do a BBBEE deal First of all there should be a database of previously disadvantaged controlled business that want to expand their operation by entering into a BBBEE deal The database should be concise and have enough information to be able to make an initial assessment A business that wants to enter into a BBBEE deal will similarly place their particulars on the same database Therefore both parties can make an initial assessment through the database before communicating with each other A matching service if you will Through corporate advisors negotiations can commence To try to do a sale on your own would not be wise if it s not your area of expertise Many negotiations have failed due to miscommunication A corporate advisor is an expert in this field and will negotiate the best possible outcome for both parties Choosing the right business partner is crucial to the success of the transaction Refer to our blog dated 2 April 2014 with regard to business partners The sale of a percentage of a company to a BBBEE company must be done on a fair value basis The amount of business that the BBBEE partner will bring to the company should be factored into that fair value What s important there MUST be an exchange of cash for the shares sold It cannot be done purely on the amount of business that the BBBEE

    Original URL path: http://www.caban.co.za/caban/blog/item/178-bbbee-can-it-work?-coetsa-part-2 (2016-04-26)
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  • Caban Investments Ltd - 2015 Message
    some of these highlights But for the majority of the people in our land 2014 will be remembered the same as the years before a day to day struggle for survival without much chance to change their circumstance One of the biggest regrets of my life is that I was totally ignorant to what was happening around me during my school varsity and early career years I cannot claim any credentials in the fight against apartheid To some extent I benefited from the system I was brought up in a middle class home went to good schools and studied part time at night while I did my articles during the day The fact that I am white gave me more opportunities including a job and the beginning of a good life To be honest I did not pay attention to politics It was only after 1992 that I woke up I woke up to the fact that I was asleep and not paying attention to the situation in our country for so many years That troubles me as an individual as I am a compassionate man So how is it that I did nothing about it The most obvious answer is what could I as an individual do Caban was thought of and created on the 1st of May in 2012 It was officially launched on the 1st of March 2013 I am very proud of our achievements to date Our biggest achievement as a collective is that we all have a passion to make a difference As Cabanites we have a burning desire to change the status quo We say that the only way to solve the economic apartheid that is strangling the development of South Africa is by creating jobs Jobs are created by assisting entrepreneurs and that

    Original URL path: http://www.caban.co.za/caban/blog/item/177-2015-message (2016-04-26)
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  • Caban Investments Ltd - Convention for the Economic Transformation of South Africa (COETSA)
    Archbishop of Cape Town Thabo Makgoba Through these blog posts we aim to draw more attention to the movement Participants All role players that are active in the economy have to be included Our suggestion is the following groupings Government Trade Unions Captains of Industry Entrepreneurs Each body would have one vote therefore government won t be able to force any resolution For resolutions to be carried it would require a 75 vote An arbitration panel of judges could be used for impasses Issues that need to be addressed We cannot have a society that is dependant of social grants Over 13 million people depend on the state which is costing our country R120 billion a year Our society is quickly loosing respect for itself and the ideology of entitlement is becoming entrenched The money should be slowly be reallocated to SME development It is a proven fact that through SME development a country can decrease unemployment and stimulate the economy Now that there is a Ministry in place that specifically addresses this issue they should be given a large budget to assist this area The management of the funds should be given to role players that have an established track record in this area of expertise Below are some of the issues that we feel needs discussion Private enterprise is key to the economic transformation of South Africa Initiatives that tried to address this issue have failed therefore must be abolished New ideas have to come out from COETSA Initiatives such as BBBEE and Nedlac have to be changed to be more effective State Owned Enterprises must be run by business people and should be appointed through a subcommittee of COETSA Unions cannot embark on wildcat strikes Legislation should be put in place for minimum qualifications for trade union leaders It is clear that the current leadership have no basic knowledge of economics as their actions have resulted in job losses and a decrease in our country s GDP They should not have such power Mines have to be more socially responsible These injustices have to be addressed In one of our previous blogs we came up with a solution of proper distribution and balance is this area A percentage of our GDP has to be directed to entrepreneurs Again the mechanics of how this could work would be dealt with in COETSA There are obviously much more issues but the resolution of the above will go a long way in solving most pressing issues Proposed Agenda for COETSA The role players would have to agree on the point of reference We believe the agenda below would be a good start Entrepreneurs need to be supported SOE to be addressed Independent watchdog on corruption Firm legislation that government officials their family and close friends cannot engage business with the state CIPC privatised Making it easy to start a business Workers more inclusive See our mining blog Unions to engage positively proper through realistic framework and BBBEE policy changed As

    Original URL path: http://www.caban.co.za/caban/blog/item/175-convention-for-the-economic-transformation-of-south-africa-coetsa (2016-04-26)
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  • Caban Investments Ltd - CALLING ALL KHAYELITSHA ENTREPRENEURS
    Contact Us Skip to content 24 Jun CALLING ALL KHAYELITSHA ENTREPRENEURS In CABAN Blog Written by Dylan James Caban Investments Ltd has partnered with Mzukisi Lembeni to establish a company that will assist entrepreneurs based in Khayelitsha Cape Town The new entity will be called Qinisanani Investments Ltd Mzukisi passion for helping entrepreneurs fits perfectly Caban s vision and aims hence the joint venture The company will emulate Caban s business model in providing a host of services for Khayelitsha entrepreneurs These services include business support accounting mentoring websites social media assistance in opening markets and the provision of capital We are calling on all entrepreneurs in Khayelitsha to send in their nominations for a chance to be part of Qinisanani Investment We will select ten finalists from all properly completed nominations and who will be required to do a 15 minute presentation of their business before a panel of the directors of Qinisanani Investment Mzukisi Lembeni and Dave Romero Out of the ten finalists five will be selected to become a part of the Qinisanani Entrepreneurship Programme The applicants will then be selected according to the below criteria The company must have a direct positive social impact in the community The company must be operational for at least six months and not more than two years The applicant must be age of 21 upwards The company must be based in Khayelitsha A COMPANY SUMMARY IS REQUIRED WITH ALL APPLICATIONS A formal business plan registration documents and financials are not required We will work with the winners to ensure that the business is fully compliant CLOSING DATE FOR NOMINATIONS IS SATURDAY 12 JULY 2014 VENUE Look Out Hill Khayelitsha DATE Saturday 19 July 2014 TIME 09 00am 13 00pm LATE APPLICANTS WILL BE DISQUALIFIED FOR MORE INFORMATION PLEASE EMAIL This

    Original URL path: http://www.caban.co.za/caban/blog/item/127-calling-all-khayelitsha-entreprenuers (2016-04-26)
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  • Caban Investments Ltd - Economic Apartheid in South Africa - How can the Developed World Help?
    apartheid is an economic apartheid Poverty and unemployment separate the people of South Africa as strongly if not more as the laws put in place by the apartheid government did So I pose the following question Should we not turn back to the people to solve the issue Could the same dynamism and love for the land that prevented full out civil war not be used to create jobs and eliminate unemployment This is hardly a new or novel question The recent election proved that economic freedom is top of mind clearly illustrated by the over one million votes for Julius Malema s Economic Freedom Fighters I would however wish to add one further question Is it jobs we need to create Or do we need to create new and sustainable businesses It is broadly accepted that in order for South Africa to be able to gainfully employ all job seekers the size of the economy will need to triple in size This would be simple if we could just triple the turnover of existing businesses which would also make investors exceptionally happy and boost the JSE dramatically but truthfully this is not likely nor would it have the desired result Our only option is to start up new companies And for this we need entrepreneurs In South Africa we have a large number of unemployed entrepreneurs with great ideas and the fire in their hearts to do what needs to be done to be successful They yearn to uplift their families and their country Yet the entry level to business is above the grasp of most Existing interventions such as providing working capital assisting with business plans and enrolling into supplier development programmes do work but the failure rate is high and post intervention sustainability low Another primary yet

    Original URL path: http://www.caban.co.za/caban/blog/item/126-economic-apartheid-in-south-africa (2016-04-26)
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  • Caban Investments Ltd - A solution to South Africa’s mining strike?
    The human distress that surrounds this issue eclipses the numbers and a speedy and sustainable resolution to the impasse is vital not only to stem the sliding Rand but also to put an end to the violence and suffering of the miners and the communities that reply so heavily on the mining sector I pose the following idea as a potential solution using Anglo American Platinum as an example The market capitalisation of Anglo American Platinum is around R129 billion according to Bloomberg It has a total work force of approximately of 50 000 Anglo American Platinum like most listed companies has a share incentive scheme These schemes give executives an option to purchase the companies share at a certain price the scheme in essence lends the money to an employee so that the employee can take up the option The difference between the option price and the increased value of the share belongs to the employee There are time frames involved but normally an employee can exercise the option after three years at which point the share should have grown and the difference is a bonus to the employee It is a bit more complicated than this but you get the jest If an employee has a share option it stands to reason that it is in their best interest for the business to do well The better the profits the more the share will climb thus producing a bigger bonus The suggestion is as follows take 5 percent of Anglo American Platinum and place it in a Share Incentive Trust This will equate to a once off expense in the income statement of R6 3 billion Give all the employees a share option at the current price If you divide the share options equally amongst the 50 000

    Original URL path: http://www.caban.co.za/caban/blog/item/119-a-solution-to-the-south-africa%E2%80%99s-mining-strike? (2016-04-26)
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  • Caban Investments Ltd - Wear your scars of life as medals
    everything will be fine rap You want to be left alone you just want to be When you feel like this what do you do Here is my advice Sometimes it is fine just to let yourself go into that feeling It s fine to feel the pressure the fear the anxiety We are all human and it is impossible to always feel positive and motivated You don t have to feel guilty for feeling down it s not a sin Be conscious of the fact that you re feeling that way and make a decision that you will get out of state within a day Do not allow yourself to carry on with such feeling for longer than a day If you let yourself go be conscious that by the next morning you will out of that feeling If you let it persist for more than 24 hours you have a problem and it s time to communicate with your mentor I look back at my ups and downs The lows have been quite hectic but the highs have superseded my expectations I know that sometimes things don t go according to plan But of late things have gone spectacular well On 1 of May 2012 I made a decision to start again with no capital no income and no assets 16 May 2014 will remembered as the day a nominated advisor NOMAD said they will back our listing of our company on AIM of the London Stock Exchange This particular NOMAD is one of the largest This feeling I felt back in 1997 when I listed my first company The feeling is overwhelming This is huge for Caban due to the fact that we will be able to assist many more entrepreneurs Furthermore we are proving that it

    Original URL path: http://www.caban.co.za/caban/blog/item/111-the-war-within (2016-04-26)
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