Christian Ruben

NADA highlights economic challenges and opportunities for South Africa’s Auto Finance and Insurance Sector “As we navigate through a period of significant economic uncertainty, the role of F&I professionals has never been more critical. These dedicated individuals are at the forefront, helping customers make informed financial decisions amid challenging market conditions. Despite facing numerous hurdles, from stagnant economic growth and high inflation to increased regulatory demands, F&I professionals are demonstrating remarkable resilience and adaptability. Their unwavering commitment to maintaining the highest standards of compliance is essential in supporting both consumers and the automotive industry as a whole. Together, we are committed to steering our industry through these turbulent times and towards a more stable and prosperous future.” Brandon Cohen, NADA Chairperson, opening address at the 2024 F&I Industry Virtual Summit. Read more here: https://bit.ly/3VnZGhH

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We are proud to announce our strategic partnership with the Botswana Chamber of Mines (BCM), driving sustainable economic growth through our Citizen Economic Empowerment Programme(CEEP) agenda. With a Memorandum of Understanding and an investment commitment of BWP2.25 million over three years, Stanbic Bank Botswana is supporting the mining industry by fostering mentorship, funding, and sector support. We are dedicated to promoting value chain development and a sustainable future for Botswana's economy. The Bank’s investment is broken down as follows: Stanbic Bank will provide financial resources in the form of grants worth BWP500,000.00 (per year) to entities that have been identified by BCM and Stanbic Bank as potential manufacturers with confirmed off-takers. Stanbic Bank shall accord BCM and beneficiaries use of the state-of-the-art Accelerate Incubator in Gaborone Stanbic Bank will also provide BCM with BWP250,000.00 per year in sponsorship towards the Annual Local Manufacturing Summit. This partnership will facilitate greater access to financial resources and expertise for mining companies, supporting their efforts to invest, innovate, and operate sustainably. Together, we aim to create a conducive environment for growth and prosperity in the mining sector. #CEEP #Miningsector #Sustainableimpact

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Light commercial vehicles dominate vehicle sales in April In April 2024, light commercial vehicles (LCVs) dominated with 433 units sold, indicating robust business and trade activities while passenger vehicles follow closely with 411 units, a report released by Simonis Storm reveals. In this same month, vehicle sales in Namibia fell to 899 units, down from 1,451 units in March and 1,004 units in April 2023, marking the lowest monthly sales recorded this year. “This represents a negative growth rate of 38.0% m/m and 10.5% y/y. The decline in sales was primarily driven by commercial vehicles, contributing to the overall drop compared to the previous month,” the research firm said. https://lnkd.in/dBgdeGgu

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Have you read some of the determinations made by the FAIS Ombud? Is your F&I complying with TCF? Of particular interest to motor dealer F&I’s is this one: https://bit.ly/3Wo1acH #motorinsurance #FinancialServicesIndustry #FAIS #treatcustomersfairly

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The two-pot retirement system, which is currently expected to come into effect on 1 September 2024, will bring about major changes to the retirement landscape and the rules governing retirement funds. This is what you need to know if you work in the private sector. https://bit.ly/4cJ8WDH

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Navigating Economic Challenges: Strategic Insights for South Africa’s Manufacturing Sector In the face of persistent inflation and high interest rates, South Africa's manufacturing industry is experiencing significant challenges. With the repo rate currently at 8.25% and substantial interest rate cuts unlikely before mid to late 2024, businesses must adapt strategically to thrive in this tough economic landscape. Here's what manufacturers can do to stay resilient and drive growth: Enhance Operational Efficiency: Implement cost-saving measures and lean manufacturing practices. Invest in automation and advanced technologies to boost productivity and reduce costs. Diversify Financing Strategies: Explore alternative funding options like equity financing, venture capital, and government grants. Use financial instruments to hedge against interest rate and currency risks. Strengthen Financial Resilience: Refinance existing debt and manage debt levels prudently. Optimize cash flow by negotiating better terms with suppliers and customers. Focus on Market and Product Diversification: Expand into international markets to reduce dependency on the domestic economy. Invest in R&D to innovate and diversify product offerings. Enhance Value Proposition: Prioritize quality and unique value propositions to maintain customer loyalty and justify premium pricing. Strengthen relationships with key customers through tailored solutions and excellent service. Advocate for Policy Support: Collaborate with industry associations to advocate for supportive government policies and incentives. Engage in public-private partnerships to benefit from infrastructure investments and other initiatives. By adopting these strategies, South Africa's manufacturing sector may better navigate economic uncertainties and position itself for sustained growth. Time to innovate, adapt, and thrive together! https://lnkd.in/d6s8aZ-q #Manufacturing #EconomicGrowth #BusinessStrategy #Inflation #InterestRates #SouthAfrica #Innovation #Resilience

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Is Your Debt Collections Process Compliant? Ensure your business adheres to legal and ethical standards with our guide on debt collection in South Africa. ✅ Key points include: ➡️ Understanding the legal framework ➡️ Maintaining accurate records ➡️ Sending Section 129 Letters ➡️ Attempting negotiation before legal action ➡️ Enforcing debt recovery if necessary Protect your rights, maintain ethical practices, and nurture valuable customer relationships. 🌐Visit our blog for a step-by-step guide - https://lnkd.in/e_rZEcPS.. #DebtCollection #BusinessCompliance #SouthAfrica #CreditManagement #CredItData

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Embracing the future: The evolution of the CFO to Chief Value Officer The South African Institute of Chartered Accountants (SAICA) recently hosted the International Federation of Accountants (IFAC)’s Professional Accountants in Business (PAIB) Advisory Group meeting in Cape Town. Vincent Motholo, SAICA’s Board Chairman, shared his professional journey and insights from his role as CFO at the University of Cape Town (UCT). He emphasised the transformative shift from CFO to Chief Value Officer (CVO).   Transition from CFO to Chief Value Officer: ▪ Strategic Partnership: Collaborating closely with all areas of the organisation to align financial strategy with UCT's Vision 2030 goals of sustainability, transformation, and excellence. ▪ Broader Risk Landscape: Proactively managing risks and opportunities beyond traditional financial metrics, ensuring long-term organisational resilience. ▪ Integrated Reporting: Moving from traditional annual reports to integrated reports that provide a holistic view of financial, social, and environmental performance. ▪ Innovative Team Composition: Building a diverse finance team with experts from various fields such as behavioural science, data science, sustainability, and industrial psychology. ▪ Focus on People: Prioritizing mental wellness and promoting diversity in leadership to create a high-performing, inclusive work environment.   Vincent’s leadership at UCT highlights how the role of a finance leader is evolving to drive value creation across the organisation. His vision reflects a commitment to making a meaningful impact, both within UCT and the broader accountancy profession.   Read the entire article: https://lnkd.in/eAnh3ekr   Nominate now for the CVO of the Year Awards and recognize those who are transforming the finance function: www.cvosvanhetjaar.nl   #CVO #ChiefValueOfficer #CFO #Leadership #ValueCreation #Sustainability #Transformation #Excellence #FinanceLeadership

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Pension Fund Mid-Year Outlook 2024 Mike Adsetts, Chief Investment Officer of Momentum Investments, joined a panel on Asset TV South Africa to discuss the impact of the recent South African elections, governance, asset allocation, and the upcoming two-pot system on the pension fund industry. #investments #retirement #pensionfunds https://lnkd.in/d7FMTXfU

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In the last five years, technological change has had a significant impact on how CEOs in South Africa have delivered value – this is one of the findings from PwC’s Africa Business Agenda: South Africa Perspective, which covers sentiments from South Africa CEOs. Discover more insights here: https://lnkd.in/d7zdHtSF #AfricaBusinessAgenda

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Motor vehicle tax: Revenue raising or environmental protection plan? In today's Business Daily Africa, Kennedy Mugambi, a Tax Advisor at KPMG East Africa shares insights on the #FinanceBill2024 motor vehicle tax proposal. You can read the full article here: https://lnkd.in/d4TTADDh

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In this National Treasury of South Africa explainer video, we explore the Public Finance Management Act & Municipal Finance Management Act. Click here to watch; https://bit.ly/3yre93b

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The Assessment of Professional Competence (APC) is a multifaceted process demanding significant perseverance, patience, and dedication. One of the primary challenges I encountered pertained to time management, both during the 5 day pre-release period and on the examination day itself. I personally struggled with how long it takes me to conduct research on each trigger and even how long it takes me to read the information of the day. So in my confusion, I would feel so overwhelmed and lost. I knew I needed some form of structure in order to be able to conquer APC. Therefore, this specific video in the APC series is dedicated in covering the following area: PART 1: PRE-RELEASE PERIOD 1. Time management in the 5 day pre-release period 2. Templates / formats used 3. How to use highlighters to guide you 4. Intentional reading of PRI 5. Number of files to keep for APC Please don’t forget to like and subscribe 🤍 YouTube link: https://lnkd.in/dxYY9ekG Auditor-General of South Africa #AGSAYoungProfessionals #AGSABrandAmbassador #APCBuddy #APCPlug #SAICAAPCExam #PreReleasePeriod

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