Relationship Bankers in Profile / Absa / Nadia Valli — Lionesses of Africa



Tell us a little about yourself and the career path that led you to becoming a Relationship Banker at Absa.

I started my banking career at Standard Bank and filled various roles to uplift myself and learn in various departments. I ended my career at Standard Bank as an Account Analyst and moved to Absa as a support for the Commercial Relationship Manager. I was then promoted to Commercial Relationship Banker and Premium Relationship Banker. I was recently promoted to Area Coverage Manager: KZN Inland.

Tell us more about your role at Absa and how you work with entrepreneurs – what does it entail?

I was recently promoted to an Area Manager role, managing a team of bankers in various roles in the KZN Inland area. So, I essentially manage bankers for start-up businesses up to high-value clients. In terms of entrepreneurs, we have a variety of support structures from new business upward. We essentially want to partner with clients to become their go-to bank to support all their needs. In understanding entrepreneurs, we need to understand their business – this is critical for solutioning each client on a one-on-one basis.

A Relationship Banker has a key role to play in the business life of a woman entrepreneur – what kind of support and services do Absa offer to women entrepreneurs in the Lionesses of Africa community?

We currently have various initiatives supporting women entrepreneurs. Due to the various product offerings and lending solutions, it is critical to understand the business to effectively solution accordingly. Thus, the initial one-on-one engagement is crucial to opening the various opportunities to the entrepreneur.

Do you have any advice to share with women entrepreneurs who are in growth mode and want to establish good working relationships with an expert such as yourself at Absa?

The world is your oyster and we, as Absa Bank, are proud to unpack these opportunities and to become your financial partner. It is critical that we place you with the correct, highly qualified colleague. I therefore offer myself to the women entrepreneurs. They can reach out to me so that I can understand their strategy and business plans. Once I have had the discussion, I will link them to the appropriate colleagues to partner with them and solution effectively.

What gives you the most satisfaction in your role as a Relationship Banker?

The most satisfying thing about being in a relationship role is becoming a trusted adviser to the client and becoming their financial partner in their growth.

What is the single piece of advice that you would give to women who are interested in starting up in business in terms of managing their business finances?

Be clear on what you want to achieve and how to get there. If one strategy does not work, adapt and change accordingly to meet the needs of the market/clients. Be clear on your suppliers, as they will also impact your business – make sure that you don’t have limited suppliers and off-takers and be flexible to change.

How can women entrepreneurs contact a special Relationship Banker such as yourself at Absa in their own region? Where should they start?

It is really difficult to get the right fit for a financial partner and to ensure that the women entrepreneurs are linked to the correct colleague is crucial. Therefore, I am available for the initial contact, whereafter I will partner the entrepreneurs with the correct colleague within Absa. “Together, we can do great things.”

To contact Nadia, see her details below:

Nadia Valli

Area Coverage Manager managing Commercial Relationship Executives, Private Banking and Small to Medium Enterprises

Contact details:

T: +27 34 328 9800

Cell: 063 6821423

Absa Business and Private Banking Suite, 2 Whyte Street, Newcastle, 2940

Email: Nadia.Valli@absa.africa



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Rise Into Your Own Power by Lynette Beer — Lionesses of Africa



Book Review

Business coach and author, Lynette Beer, believes we are all born for greatness and success, and in her book Rise Into Your Own Power, she provides her wealth of expertise and insights to show you how to be the person you are meant to be. Importantly, it is a guide that helps you to build great relationships in life and in business by starting with knowing yourself, your strengths and weaknesses, and learning how to be the best version of yourself.

Lynette Beer, author of the book, Rise Into Your Own Power, believes that we are born to be creators, explorers, leaders, thinkers, and to touch the lives of others. As women and as entrepreneurs, she believes we are born to be somebody, to leave our mark, and to change the world. In her book, Lynette shares how we can work to exceed the limits placed on us by others, to live a life of success, and to have a spirit of excellence. She believes we were born to be extraordinary and to live beyond our circumstances, rather than be defined by them, and her insights in her book show us how to achieve these goals. Just as route maps direct us to our destination, may this book encourage and guide you on the road to greatness and freedom, to be the person you are meant to be.

Author Quotes

More often than not, your greatest enemy stares you in the face every morning.

Learn to silence that deceitful inner voice that constantly tells you you’re not worthy or capable, and seize the power of choice to rise into success, right now, in this very moment.

Every day, you have the power to change your story.

About the author

Lynette Beer is a Business Coach, Author, and Specialist on how to fulfill your life’s purpose, unlock your potential, and build more meaningful and lasting relationships in business. As a global thought leader in the field of human behaviour, Lynette believes that in order to be content personally, and to be successful professionally, you must firstly have a healthy relationship with yourself, and secondly, have the ability to develop symbiotic relationships with others. And to accomplish the latter, requires a solid understanding of self and others. With this realization in mind, Lynette set out to demystify and simplify the dynamics of people. In the process, she discovered a proto-psychological theory formulated by ancient Greek philosophers that suggests that all people can be classified into four fundamental personality types. Based on this theory, she ideated the Four-Colour Temperament Model© that is simple enough for anyone to understand and easy to incorporate in daily life and work practices.

www.lynettebeer.co.za



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Ellen Tshidi Cooper, a South Arican entrepreneur creating an eco-friendly marketplace for startups — Lionesses of Africa



Tell us a little about your team

I am lucky to have a team of 2 dedicated individuals, without them I wouldn’t have gotten this far. Lelo, who is our copy-writer, is mainly focused on writing our weekly blogs and newsletters, covering topics around conscious beauty, fashion, home decor, and lifestyle. Mosa does our PR, media communication, and vendor relationship. I (Ellen) manage our e-commerce, social media content creation, and sales. My other unofficial team member is my husband who is my biggest support.

Share a little about your entrepreneurial journey. And do you come from an entrepreneurial background?

The first business I ever attempted was in 2012, it was a fashion business called ‘Walk Tall Boutique.’ As a tall woman and former model I always struggled with finding clothes that fit me properly. I saw a gap in the market and started to build on this idea. At the time I was also an air-hostess and a university student living in Dubai. It was tough to keep it going and manage it when I spent the majority of the time in the air or in another time zone. Although my first business wasn’t a success due to the timing of it all, I decided to focus on my Business Degree whilst working as an air hostess, this gave me the foundation and skills I needed. Prior to this, I had completed an internship in the Technology, Programming sector.



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The Key to Your Self-Care Goals Is Thinking Small and Here’s Why — Lionesses of Africa



by Lori Milner

When making progress on self-care goals, having a good intention is not enough. In my work as a coach and trainer, I know people genuinely have every good intention to show up on the calendar without guilt to make time for their self-care goals. They make promises to themselves, intending to honour them, but ultimately these agreements get broken. The excuses are coming from a good place — my boss needed something, I didn’t have enough time or my bed was too warm. I’ve realized that this lack of follow-through is not a character flaw nor a motivation problem. The real barrier is thinking too big.

If you associate exercise with needing 60 minutes of your time, then no wonder you never make progress. Thinking big is going to paralyze you. Instead, the answer is to think small. The secret to getting control over your life and working towards your dreams is making one tiny bit of progress every single day on the things that matter to you. In other words, how can you create micro wins?

Be specific.

The more specific you are about what ‘done’ and ‘doing’ looks like, the more likely you will make progress. Saying I want to be more mindful is too broad; it doesn’t clarify what specific action you must take. Instead, you can define ‘Done’ as staying calm when triggered by a stressful situation.

‘Doing’ means that every time I start a meeting, I will take ten deep breaths or every time I walk into my office, I will think of three things I am grateful for. Done could mean — I want to run a 5km race in 6 months. Doing is committing to a 20-minute walk three times per week. Shifting your focus to something that your mind perceives as a doable task will naturally increase positive energy, direction, and motivation.

Think in micro-choices.

We all make mistakes with our self-care goals. It’s human nature to give into instant gratification rather than stay focused on the long term goal. For example, when that cake comes out at the party, or you hit snooze because those extra ten minutes feel like they will change your entire day.

The good news is that one wrong choice does not equal permanent failure. It’s precisely that — one incorrect choice.

If you can see your day as a series of micro choices, you can make the next decision better. Drop all or nothing thinking — ‘oh well, I missed my walk today, so I may as well ditch the entire day and start again tomorrow.’

This thinking justifies a domino effect of poor choices like going for the doughnut or procrastinating on your tasks. Forgive yourself and move ahead with your day to ensure that the next choice aligns with your goals.

Put your choice under a microscope so you can prevent it from happening again. Maybe you had disrupted sleep, and the trigger was relying on food to give you an instant energy boost? The sooner you can identify the trigger, the sooner you can create sustainable change. Each good choice resulting in a positive action is a micro win. These wins stack up over time, which is how you make progress. It is not about one colossal decision but micro-choices throughout the day toward your goal.

Consistency is key.

The number one excuse for lack of progress on self-care goals is time.

If you can replace the mindset of needing more time with consistent action, you will no longer view time as a barrier. The beauty of consistency is that it compounds. I recently read the fifth book of Harry Potter with my daughter. The book is 800 pages, and it felt like we would never complete it. We started in December and completed it in three months, and we only read about 20 minutes per day except on weekends when we had more time to read. If you spend 15 minutes every day reading, meditating, doing yoga, studying, walking, painting, practicing a language or music — you name it — you will make progress. This is why thinking big can paralyze you from starting. You have convinced yourself that you need an hour to work on something, which will immediately deter you. When you think small and show up consistently, you will create daily micro wins and ultimately achieve your goal.

Trust the process.

Creating a micro win in isolation feels useless. One fifteen-minute session of writing or a five-minute meditation feels pointless. The key to making progress on your goals is to trust the process. There will always be a gap between creating micro wins and achieving your goal. If you start eating healthier, drinking more water or walking, there can be at least 3 to 6 weeks before you see the tangible result.

This interim period is a danger zone. You interpret the lack of tangible results as failure or that your effort is not worth it. If you can trust the process of creating daily wins and still persevere despite the results, you will eventually achieve your goal. Micro wins created consistently over time is what yields results.

The second part to trusting the process is you need to turn down the volume of the inner critic who constantly reminds you that you should be further than you are. Focus on creating daily wins and tune into your inner coach. Your inner critic is like a toddler; if you ignore the tantrum long enough, the child realizes it needs a new strategy. If you stop paying attention to the destructive self-talk, it will stay muted.

The reward is the journey, not the outcome.

It’s easy to get obsessed with the outcome because the end goal is what motivates you — being able to run 5km, get the promotion, buy the dream car or play a song on your guitar. When you finally achieve your goal, there is anti-climax and a feeling of ‘Is this all there is?’ Then you move the goalposts and start on the next goal. Perhaps a 10km or another degree. The MBA was all you ever wanted because you convinced yourself that when you achieve it, your happiness will skyrocket, and everything you have ever wanted will be achieved with a piece of paper. When you complete your MBA, it is not the paper you should be focusing on but who you have become along the way. Things that would have previously terrified you, you don’t think about anymore. Thinking small means focusing on the incremental wins along the way, not only the huge goal.

If you don’t find joy in the day-to-day journey, it may be the wrong journey. Of course, it’s challenging and not every part is sunshine and rainbows, but if you are on a sprint to the finish line, you may miss the scenery along the way.

Aim for progress, not perfection.

Change is difficult because you don’t want to experience discomfort in the process — the discomfort of feeling like a beginner and out of your depth.

When you can replace perfection with progress, you will start to appreciate each micro win and how it sets you up for success over time. Progress is what encourages you; this is the secret to motivation. When you pick up the guitar after a few weeks of practice, do the chords begin to make more sense than they did two weeks ago?

Author Niel Gaman said every writer has one million bad words in them. To get to the good stuff, you need first to purge those million words. I loved this analogy because it permitted me to be awful at the beginning of my writing career rather than feel despondent and give up. Instead of allowing my inner critic to use this opportunity to taunt me, I saw this as a process I needed to work through. When I think about my progress over the years, it is remarkable. What used to take me a week to write an article, I can complete in a few hours. It is being able to look back and appreciate where I was and where I have come.

Final thoughts.

When it comes to goal setting and creating a compelling future vision for your life, think big. When it comes to making these dreams a reality, think small. Focus on the incremental actions and daily micro wins that will lead you there.

We fail to recognize that the small decisions you and I make daily create our destinies. Every ‘overnight’ success took at least ten years to get there. It’s never one achievement that suddenly catapults them to success but consistent focus and deliberate daily action.

The purpose of the goal is to set the direction; the real win is growing into the person worthy of the goal.

Here’s to thinking small.

Warm wishes,

Lori



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How to transform your hand-crafted artisan business into an impactful world-class brand — Lionesses of Africa



by Tapiwa Matsinde

Learning and refining your craft skills has taken a lot of your time and energy, and those of the artisans you work with. You are starting to see the results of your dedication and commitment and are now ready to take your business and work to the next level by positioning and presenting it in a way that reflects its high-quality craftsmanship and sophistication. Whether you are keeping your focus within your local markets or seeking to appeal to a global audience, excellence in craftsmanship, creativity and presentation are essential for successfully positioning your business as a world-class brand. To help you transform your hand-crafted artisan business into an impactful world-class brand here are key areas to pay attention to:

Define your vision. Get clear on your mission, values, and purpose and use that as a guide to developing your craft and business. As you do so hold on to what makes your work unique.

Get to know your market. The global standard of artisanal excellence is demanding. Observe the market, observe your peers, observe your customers. Understand what each of these areas needs then work to deliver it by taking note of what is expected and adapting what you’ve learned to suit your business.

Build a community. When your audience is connected to what you do, they become your champions, passionate people who become invested in your success by telling others about your brand. To achieve this kind of support means keeping in contact with them. You can do this through regular newsletters, by engaging with them on your social channels, and by taking care of your customers through the level of customer service you offer. World-class brands excel at delivering exceptional customer service.

Share the stories of your work. Give your audiences an insight into the inspirations, skills, motivations, heritage, and history that have inspired your work. You can do this through words, video, images, and audio. Whatever methods and channels you use to share your stories keep in mind to maintain quality over quantity.

Make a good impression. Investing in branding that reflects the quality of your work is essential. If you don’t have one yet, do consider creating a website to showcase your creations. Seek to present your best genuine self.

Embrace design thinking. Combining craftsmanship with innovative design aesthetics can improve your products, by taking your handcraft work from grassroots to gallery-level collectible creations.

Take your time to produce high quality products. World-class brands are not built overnight, but by one collection or product at a time. See what works, then make it better, paying attention to the small details. Often, this means producing small batch or limited edition collections of your creations, which in turn can increase your work’s value.

Be selective about where you show and sell your work. The businesses in your sector that you choose to align your business with will reflect on the value of your work. Positioning your business with other businesses at the level you want to reach can act as a motivator by encouraging you to keep raising your standards.

These are just a few ways in which to raise the standard of your artisan craft brand. If you are interested in learning more about what you can do, I invite you to visit my Mentoring Sessions, where you will find dedicated resources, articles, and information to get your handcraft business to where you want it to be.



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Triggered? What You Should Do Instead of Reacting — Lionesses of Africa



by Anja van Beek

 It is often said that culture is the competitive edge for any organisation. Culture is also referred to as the personality or character of the business. So it leaves us with the question: “Where does emotional intelligence (EQ) fit in?” 

When working with people in a workplace or any setting, for example, people respond differently. The “how” they respond to that specific situation or matter, is what sets the tone for what can be seen as the acceptable behaviour. This will then drive the culture of the business – which are the unwritten rules driving behaviours. The organisation, the culture, and ultimately the bottom-line will suffer when executives and team members act and respond in a less-than-emotionally-mature manner in the workplace.

EQ – a critical skill in the knowledge economy

The term emotional intelligence was coined in the 1990’s and popularised by psychologist and author Daniel Goleman in his book “Emotional intelligence: Why it can matter more than IQ”.  

EQ, in short, is to better recognise and manage emotions. It can provide insight into triggers and most importantly, it is the ability to not only recognize, name and understand the emotion but also to manage the impact of emotions on the behaviour in your life. It is also the ability to use this awareness to manage your behaviour, relationships and your interactions with others.

TalentSmart tested emotional intelligence alongside 33 other important workplace skills, and found that emotional intelligence is the strongest predictor of performance, explaining a full 58% of success in all types of jobs.

Therefore, emotional intelligence has an impact on all interactions among groups, friends, and family. When these encounters are founded on emotionally mature behaviours, better outcomes, improved performance, or greater team traditions can emerge, all of which contribute to the development of a stronger culture.

The 4 S’s of EQ

Daniel Goleman divides EQ into:

  • Self-awareness – the competency to understand the impact of your emotions

  • Self-regulation – the ability to manage your emotions in a healthy way

  • Social awareness – to have empathy and awareness of others

  • Social skills – to build strong relationships, inspire and motivate people

In the technology-driven world that we live in, workplaces must have the following main ingredients:

  • Having a (strong) sense of belonging,

  • Vulnerability to building a psychologically safe workplace and

  • Having a shared purpose.

Humans are hard-wired for connection. We are also triggered by internal or external sources — some conscious and others subconscious, many times during the day. 

Self-leadership is therefore essential for the workplace of the future. Through our interactions and the development of any company’s culture, we all contribute to the development of these unwritten norms – and we should ensure it is positive. 

Leaders – how are you showing up for your teams?

Since you are the group’s most powerful individual, your teams will pay close attention to everything you say and do.

For team members to excel, be challenged, and feel like they have a purpose in their job, leaders must foster an environment and culture that allows them to bring their best self to the table. Leaders must constantly remember that the way you lead, the things you do and say, affect how others feel on the inside.

As we enter year three of the pandemic and confront global difficulties that force us to live in a state of uncertainty, empathy in the workplace is now taking on a new level of significance and necessity.

EQ becomes crucial. What do you say when a co-worker has missed a deadline three times in a row in the past week? What should you do if the team feels unmotivated because you decided to go back to the office full-time? Or when they are waiting for someone else to act rather than taking responsibility for improving a client’s situation. On the other hand, do you acknowledge the team’s modest gains and not just focus on the big stuff? 

One of my favourite quotes is Viktor Frankl’s words “Between stimulus and response there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.” This is sometimes easier said than done.

So, instead of reacting to a certain moment or heated argument, what should you do?

Take a pause. Never underestimate the impact of taking a few deep breaths to slow down your heartbeat and be able to evaluate what is happening and what will be the best way to respond to this situation.

Be aware of the 4 F’s. When you are trigged, you are in fight, flight, freeze or fawn state. A chemical reaction results in our neocortex (thriving, problem-solving part of the brain) to not functioning optimally. Instead of allowing an unconscious habit to drive your reaction, reactivate the neocortex and be mindful in choosing how you want to respond. To reactivate your neocortex, ask yourself a question (such as: What is the real issue for me? What might support a different explanation? What if this was someone else behaving in this way? What is my behaviour communicating? ) to notice what is really going on in the moment? 

Name the emotion. It is helpful to be able to name the emotion you are experiencing and consider what is the emotion trying to tell you. Instead of being angry, perhaps you are disappointed with how your idea wasn’t taken despite you being verbally told that your idea was the best idea?

Reframe your thinking. We often jump to a conclusion and easily take things personally. Reframe your thinking by considering what other possible reasons may be for the person to act the way they are behaving. A level of self-awareness is also hugely beneficial. For example: ‘What is my role in this scenario. How have my behaviour impacted the other person’s view – without being aware of it?’

Tactfully share what you are experiencing. Remember, an experience is made up of four elements – what am I observing, thinking, feeling and wanting.  When sharing your experience, a good start is to start with the “I”. For example, when the project’s team leader did not schedule sufficient time on the agenda: “I noticed that this is the third time that we didn’t have sufficient time allocated to the brainstorming topic. I feel disappointed that my idea wasn’t heard after the request to make the research a priority.  How can we ensure we have sufficient time allocated to this agenda-point moving forward?

Remain curious. Ask questions to truly understand the other person’s perspective.  Help me understand why do you want to achieve XYZ? What is the real issue for you? If you choose X what are you saying no to?   

The sweet spot for raising EQ awareness in teams

It is when…

  • We all choose to respond in an emotionally intelligent way, and we care and connect with colleagues as humans, so that we can grow and contribute to the overall purpose of the business.

When the above is in place, we will create organisational cultures that make team members want to go to work in the mornings and WILLINGLY share their talents to help the business grow. Those are the businesses that reach the balance of profit and purpose and create a space where people can be successful. 



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3 Ways of Reaching and Engaging Transformational Consumers — Lionesses of Africa



by Onyinye Umeokoro – FutureSoft Team

In order to continue to survive, businesses need to continuously reach new consumers and continuously engage these consumers to boost that bottom-line. If you are reading this then you probably own and run your own business or plan to own and run your own business in the near future and want to learn how to attract these consumers that will help you fatten up that bottom line. What you may not know is that you are most likely looking for transformational consumers.

What are Transformational consumers?

Tara-Nicholle Nelson describes transformational consumers as citizens of the world and web who view life as a continual series of personal disruption campaigns: behaviour-change projects to live healthier, wealthier, wiser lives.

Now you may be wondering why transformational consumers should be the target for your business, well here is why….

Transformational consumers are:

  1. Constantly working on themselves in the form of wellness, personal development or financial success.

  2. Taking concrete steps to achieve goals through things like 30-days Challenges, investment apps, and online education

  3. They are early adopters of new products and technologies that they believe will further their transformational aspirations.

  4. They are also highly influential on the buying behaviour of everyone around them

In the United States of America for example, transformational consumers are 50% of all adults and spend 4 Trillion USD annually (which is about 25% of US consumer spending). It is evident that these consumers have a huge purchasing power and are worth targeting for businesses in the US.

Consumer trends are quite similar in Nigeria, although annual consumer spend is significantly lower….so now the question is how do you capture and retain these transformational consumers that are said to exist somewhere out there?

In a world where there is increasing pressure on businesses to stay relevant and constantly improve their products and services, positioning and differentiating your business from your competition is more crucial than ever.

You can do this by redefining your business as one that is focused on solving a problem, interested in helping the consumer achieve their goals and dedicated to their growth and life transitions.

I’ve put together 3 ways of reaching and engaging transformational customers…

1. Rethink your Customer

This first part is a bit bulky, but I will try to summarize as much as I can and write more about this in subsequent posts. Rethinking your customer focuses on understanding your customer’s journey. It is important to look at your customers not just as the people who currently pay for your products and services, but also as the people who have the problem your company exists to solve.

The process of rethinking your customer should begin with customer research and mapping out the customer journey so you understand their pain points and know when the best time for your intervention is.

There are several ways that you can go about carrying out customer research and the route you decide to take should depend on the industry you are playing in as well as your budget. Let me know if you need a few pointers on what would work best for you.

Ultimately, the goal of customer research should be to gain a better insight into your customers and how best to reach and engage them online.Good research allows you to create content that resonates with consumers, because you know what their exact problem is and how best to solve it. The better you know your customer, the more tailored your content can be and the higher your engagement will be.

2. Rethink what you sell

It is important that you begin to position your products and services as transformational. So, let’s say you sell notebooks….guess what you need to market them in a way that suggests that you are not just selling notebooks — rather you are selling and promoting a lifestyle that has the potential of improving the mental health of the consumer and helps keep track of the consumer and his / her transition growth process by journaling.

Tell beautiful, engaging and aspirational stories of transformation with your products and services. Look for several creative ways to tell the same story over and over again in such a way that you keep the consumer inspired and wanting more.

3. Rethink your Competition

A lot of business owners see or think of competition as people or businesses that sell or render similar products and services — this is not necessarily a bad thing, but what it does is that significantly limits you in your thinking with regards to your target segment and with regards to the barriers to entry they may face.

It’s time to widen your thoughts and address barriers to entry as well as buying objections when thinking about how you can reach transformational consumers.

Reaching and engaging transformational customers will require you to think outside of the box and be innovative. Here’s an example…..A Travel Agency in Nigeria needs to look beyond other agencies as their competition and take into account the fact that a lot of people who would like to travel believe they cannot afford it and don’t know that there are fun ways to save for travel. Creating a product or service that solves this challenge sets you apart in your industry.

Onyinye Umeokoro is a member of the FutureSoft Team. Future Software Resources Ltd. (Futuresoft), is one of Nigeria’s leading digital & technology solutions companies, providing a broad range of solutions for the scaling African enterprise, to consistently attract and retain its target audience, optimize its processes and increase its bottom line. Futuresoft CEO and founder, Nkemdilim Uwaje Begho, is a seasoned Information Technology professional with over 15 years of industry experience in Africa’s largest emerging economy with a deep purpose and focus on bridging the digital divide and transforming Africa by harnessing the benefits of digital.



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It’s in the Nurture, not the genes! — Lionesses of Africa



By Lionesses of Africa Operations Department

We have been looking back at the incredible Lionesses who have previously graced the cover of our Lioness Weekender Magazine recently, and amongst the many fascinating questions posed to these inspirational leaders by Melanie in their interviews, there is always one asking how they got the entrepreneurial bug. More often than not the answer includes the fact that one or both of their parents were an entrepreneur. This got us wondering – is there any correlation to this or was it just luck (some who enjoy the 9-5 stability and simply do not understand the drive of a late night entrepreneur struggling with cash flow and supply bottlenecks, might argue ‘bad luck’ of course), that creates the entrepreneurial drive.

Unsurprisingly to us (given the above sample and our knowledge of our >1.5 million membership) according to a paper ‘Why Do Entrepreneurial Parents Have Entrepreneurial Children?’ by Lindquist, Sol and Van Praag (here), it turns out that “The single strongest predicator of entrepreneurship is parental entrepreneurship. Having an entrepreneur for a parent increases the probability that own birth children become entrepreneurs by 60%.” – Good grief – as if we don’t have enough pressures already!

Any difference between nature or nurture? Do ‘own birth’ or ‘adoptive’ have any different effects? “Our…exercise with adopted children reveals that both biological and adoptive parents make significant contributions. [However] The effect of post-birth factors (i.e., the effect of adoptive parents) is approximately twice as large as the effect of pre-birth factors (i.e., the effect of biological parents).” So although genes have a lot to do with it, the real impact is through nurture, the impressions we subconsciously leave with our children as they grow up (again – such pressure!).

Perhaps this is because the kids move into the family firm?

The data available doesn’t agree – in fact “[I]nheritance can only explain a small fraction of this intergenerational association…In our data, only 2.2% of all entrepreneurs enter for the first time in the same industry as their parent and in the same year as their parent exits entrepreneurship. If we broaden this measure to include offspring that become an entrepreneur one year before or after their parent’s exit, then this number rises to 4.4%.” So, incredibly small, that surprised us, but looking again at the inspirational Lionesses interviewed by Melanie, none (that we can remember) were on the cover because they had been part of the ‘Lucky Gene Club’ as Warren Buffet calls inheritors of the family business, so their data agrees with ours.

What about having the bank of Mom and Pop on tap and with doors that open with a single glance from those ‘puppy eyes’? Surely rich parents would encourage a desire to start one’s own business, turn that hobby into a US$ printing machine? – Think again – “…in our analysis, neither parental income nor parental wealth explain the intergenerational transfer of entrepreneurship.” On our side we would suggest (although do not have the data) that the ATM of our parents has had a larger impact as we are a community that has been forced to bootstrap, where raising money from ‘Friends and Family’ are first, second and third in the queue (and there is ample data on that as across the globe female owned and run business have a minuscule amount of success with banks, VC and PE firms). However that is an impact on the business, not a reason…

There are other issues at play as well “Environmental factors include peer effects (Nanda and Sørensen 2010), and regional influences (Reynolds, Storey, and Westhead 1994). Several heritable traits, such as risk aversion (Cesarini et al. 2009a), extraversion (Bouchard and Loehlin 2001), and overconfidence (Cesarini et al. 2009b), [that all] relate to the choice for entrepreneurship”.

So where does that leave us?

Having to tread carefully with our kids, we would suggest!

Clearly we have a far greater influence on our children’s future role in life than we ever thought possible (gone are the days when we could order one to be a Doctor, one a Lawyer, one a…), this is subconscious influence. This creates a large responsibility and we would suggest that here is where our thoughts over ESG (Environmental, Social, and Governance) can guide.

If our children have a higher than normal chance of becoming an entrepreneur, then we have a responsibility through our actions, to show the way. Obviously just telling our kids to do ‘x’ will not have an impact (when has it ever!), this is subconscious nurture, it’s the actions, the kindness, the drive in our parents that we remember and what guides us years later, like a muscle memory in sports. Our parents didn’t just tell us, they lived it. We did a quick poll. “Always say good morning to Farmers, they’ve earned the respect”; “Let small business vans first, they are in more of a hurry than you”; “Pay small businesses first” (good one that one), were the quick memories that flowed from our team.

ESG sadly is coming under a bit of pressure these days with ‘Greenwashing’, ‘ESG-washing’ and so on. As companies are compelled by laws in the US, EU and elsewhere to report on such things, so the fees they pay to accountants increase. If one ignores the fact that we are never ones to worry about generalisations getting in the way of a good story [indeed – Ed.], this is perhaps why now more than ever the ‘G’ in ESG is so important. The Governance part – zero fraud, absolute refusal to play any part in corruption (which spreads through businesses and countries like a cancer), well conducted audits, and so on are so essential.

Live the Green in Environmental – really live it. At home split the plastics, the recyclables and ensure they get to the right place. Food waste and scraps – into the compost they go. Grow your own vegetables if you have space, if not – herbs (we have huge problems with our Coriander, plant in separate tubs otherwise when one ‘shoots’ they all go – clearly soul mates!).

And Social – our ability to live together peacefully and equally is first and foremost the essential factor in this part. We live this already in the way in which our inspirational membership treat their employees with kindness, empathy and fairness (fairness being such an essential leadership quality). Whenever we visit a Lioness’ company (these days more often via zoom sadly) and when we see instagram posts, there are the smiling and happy faces of the employees in the background – not because the Lioness is ‘soft’ on them, but because they are being treated with kindness, empathy and fairness within a safe and healthy environment. It is one of the main impacts recognised that businesswomen the world over also have a greater positive impact in their communities. When your kids have a ‘take your Daughter to work’, also take yours out into the community, they will see your happy and easy interaction with complete strangers and be inspired.

All of these ESG parts are not for the tick box, but actually good business. This is what we as Lionesses do well, but can also be subconsciously passed on to the next generation.

Finally, be positive and have high energy. That is not to say we paint everything rosy, we are realistic, but can still be positive.

As Melanie wrote in one of her recent GML Blogs (here)

Yesterday, I had the pleasure of speaking to over 200 women entrepreneurs at one of our regular, inspirational webinars. I love these events, it’s like getting a big boost of adrenalin and can-do spirit, and supports my belief that if you put enough women entrepreneurs in a room, great things happen. As always, I was struck by the incredible positivity and high energy levels in the audience. It was wonderful to see and hear, and it got me thinking about the importance of having a positive mindset as entrepreneurs. As women shared their stories and experiences, what came across loud and clear was that if you are constantly looking for positive outcomes in life and business, you are more likely to achieve them. It’s that classic approach of choosing to look at life and business as a glass half full, not half empty. Yes, there will be challenges, and lots of them. Yes, there will be mistakes made, sometimes expensive ones, and it will feel like success is a long way away. But if we have a positive mindset, we look at every experience as a learning opportunity. We make the most of every situation we find ourselves in, and we work hard to get the best and most positive result from it. That’s a positive mindset, and it can be a real asset to us in business and in life.” 

Your children will thank you.

Stay safe.



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Impact of agriculture on the environment


Praveen Dwarika, Managing Director of Afgri’s Lemang Agricultural Services chats about the impact of agriculture on the environment and how farmers can be more environmentally friendly.



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Ban on movement of cattle – African Farming


By Liana Mocke

Cattle are now virtually restricted everywhere in South Africa since a national ban on the movement of cattle due to foot-and-mouth disease was introduced on 16 August.

The sudden announcement by the department of agriculture, land affairs and rural development was officially proclaimed on Tuesday. Guidelines have been issued on what the ban entails.

This is how cattle are confined

The three-week ban only applies to cattle, as the movement of these animals has been identified as the main cause of the outbreaks.

In terms of the ban cattle may not be moved between properties, except when the livestock are transported to registered abattoirs and slaughtered immediately. 

Cattle may not be transported between farms, areas and sites to be sold. The ban also applies to shows, breeding, rituals, lobola or any other reason.

The animals may also not be transported to feedlots and may only be moved from feedlots if it is directly to a registered abattoir. 

Cattle may also not be moved for export or import purposes. The governments of Botswana and Namibia issued statements yesterday to inform their livestock owners about the ban and its impact on animals that would be imported or exported to or from South Africa.

Grace period almost over

A concession was made for cattle that were already at auctions and feedlots when the announcement was made.

If cattle are already at auction pens or showgrounds for which the show or auction was scheduled for 17 or 18 August, these livestock may be moved, but from Friday 19 August no cattle may be moved to or from auctions and shows. 

Insecurities and headaches

The sudden announcement is however already causing major headaches and uncertainties for farmers, auctioneers, abattoirs and feedlots.

For example: The department initially said in its statement on the ban that cattle may indeed be moved for ritual purposes. According to the latest indications, this is no longer the case. 

According to dr. Michael Swart, state veterinarian in the Western Cape, the national ban creates problems for many farmers, such as dairy farmers, who are also now affected by the ban.

“Dairy farmers who sell their bull calves will not be able to do so at the moment, according to the ban. These farmers will now have to feed the calves until they can be sold and moved. 

“Injured cattle that must be emergency-culled will also first need a health certificate from private veterinarians.”

He says farmers who have breeding bulls will also not be able to transport the bulls whilst the ban is in effect. 

This is how the disease can still spread

In addition to obvious reasons such as the illegal movement of cattle during the enforcement of the ban, the disease can continue to spread through, for example, saliva in water. 

According to Swart, a sick cow’s saliva can end up in troughs and be transmitted to other animals that way.

“The disease can also spread from cattle to game and it is therefore possible that free-ranging buck can get the disease and spread it further.”

Vaccinations

Vaccinations are only given in areas where there are outbreaks, and therefore not preventively in areas free of foot-and-mouth disease.

According to Swart, vaccinations against the virus are part of the control strategy and are only applied in disease control areas, together with restrictions on movement.

“Countries that import our meat will not simply import from areas where vaccinations against foot-and-mouth disease are applied, even if the areas are declared free of the virus.”

According to the department a total of 388 449 vaccinations were recorded. 

The vaccination campaign in KwaZulu-Natal began on 15 March and continues in the province’s disease control area where the virus may be in circulation. A risk-based approach is followed with more than 256 000 cattle already vaccinated in the province.

In the Thulamela area in Limpopo animals are vaccinated at dip tanks where there have been positive cases, as part of efforts to build up resistance.

Vaccinations of cattle in affected areas in the North West, Mpumalanga, the Free State and Gauteng have also already started. 

Quarantine and roadblocks

If any animal tests positive for foot-and-mouth disease, the entire premises and animals with which the positive animal(s) were in contact are considered positive.

All farms in the North West, the Free State, Gauteng and Mpumalanga affected by outbreaks are under quarantine and strict access control is applied to these affected farms. 

The minister also expanded the disease control area in KwaZulu-Natal. The disease control area in Limpopo, which was originally declared in 2019, has also been enlarged. Restrictions on the movement of cloven-hoofed animals, their products and breeding material from, to, through and in these two areas still apply.

Visible patrols by veterinarians and roadblocks are deployed in high-risk areas and where information has been obtained about the possible movement of animals.

The culling of livestock has already took place in certain areas, on farms, at feedlots and auctions, after which the environment was disinfected. 



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