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4th Quarter 2009
    Spend Wisely –
    it should be a mean and lean Christmas for SA consumers
         During last year’s Christmas season, consumers were cautioned not to overspend – and a year later as the global recession has
         taken its toll in South Africa, the message is no different. “Consumers are generally worse off than they were a year ago – the
         economy is in a recession, inflation remains stubborn and the possibility of further job losses persists” says Peter Setou, Senior
         Manager: Education & Strategy at the National Credit Regulator (NCR).

                                                   “A reckless Christmas spend will cause untold financial stress
                                                    into the new year and consumers need to keep an accurate
                                                    tally on exactly what they will spend this season – and should
                                                    plan in advance, rather than wait until its too late, where one
                                                    would find that he/she is already over-indebted. Rather start
                                                    formulating a budget now. All those little purchases can add
                                                    up to one big debt burden. Consumers should not be tempted,
                                                    nor should they give way to social pressures to spend – they
                                                    need to admit and accept their financial limitations.”

                                                    Setou advises that a Christmas budget is crucial. “Putting down on paper the realities
                                                    of income and daily living expenses will concentrate the mind on exactly what is
                                                    available for gifts, travel and entertainment over this period. It is a reality check for
                                                    many consumers in denial.” He also urges consumers to give great consideration as
                                                    to how bonuses and thirteenth cheques will be spent. “The repayment of debt, even
    Peter Setou
                                                    some savings, would be the preferred route, rather than unplanned spending.”

         “Another good plan is to be proactive and to double-up on your regular payments such as mortgage or rent, lights and water.
          That way you would have given yourself some breathing space after the holiday season for New Year costs such as school fees
          and uniform”, added Setou.

         Besides being extra vigilant over Christmas, Setou encourages consumers to regularly revisit their spending patterns. “Lifestyle
         changes should be made if required, rather than simply going further into debt to keep up the same standard of living. This
         could mean a downgrade in car or even sharing transport. Become more effective at comparing prices and effective shopping,
         ignore tempting product and credit advertisements, shut yourself off from those deceivingly expensive “no-deposit” offers,
         and be a disciplined borrower, saver and spender. There are many consumer bodies, media articles and websites that offer a
         host of money-saving tips to consumers. In all of this information and advice, there will always be something for a specific
         consumer to try.”

         The NCR in conjunction with the South African Savings Institute (SASI) and the Consumer Protection Forum which comprises
         of all the nine Provincial Consumer Affairs Offices, the Department of Trade and Industry (dti), and other sector regulators
         such as Financial Services Board (FSB); Council for Medical Aid Schemes; Independent Communications Authority (ICASA) and
         the National Energy Regulator of South Africa (NERSA) will be running joint campaigns and sensitizing consumers during this
         season. Consumers are advised to take these bold initiatives seriously.

         In an environment when job losses are still occurring, Setou urges those who have been retrenched to carefully manage their
         retrenchment packages.

         While consumers have had some relief this year from a 5% cut in interest rates, Setou says these benefits should not simply be
         seen as opportunities to return to reckless spending habits. “Consumers should channel these savings into repaying debt or
         building up a small emergency fund.”

         With some consumers having learnt some very wise spending tricks over the past year of recession, Setou advises that these
         are lessons well learned. “Put the brakes on overspending, think before you buy as debt costs more than you think, spend
         wisely this festive season and remember to save for the New Year, concluded Setou”.
    Companies Act and King III changes the Insurance Risk
    Goalposts for Directors and Officers
          Directors and officers of companies in South Africa will be increasingly vulnerable to legal action by shareholders, creditors,
          employees and the public following the introduction of the new Companies Act and King III guidelines on corporate behaviour.

          Kerry Curtin, Manager, Financial Markets Division Risk Services at Glenrand M.I.B. Limited, says under the Companies Act,
          tighter restrictions and obligations will be placed on the performance and due diligence of directors and officers and both
          their corporate and personal assets will be on the line as never before.

                                                    “The legislation, as presently proposed, highlights the personal liability of South
                                                     Africa’s directors for breaches of their fiduciary duties and that they may be sued for
                                                     loss and damages caused.”

                                                    “Add to this the revised King code and report on governance for
                                                     South Africa (King III) due to replace the existing King II code
                                                     on 1 March 2010, and it’s not overstating the case to say that
                                                     Directors and Officers’ liability could prove critical to the very
                                                     financial survival of South African companies, not to say the
                                                     personal financial survival of individual directors.”

                                                    “Clearly the goalposts are changing with the Companies Act changes defining a
                                                     more onerous legislative framework for corporate governance and King III in turn
                                                     defining the moral imperatives.”

                                                    “South Africa is not alone in this. Recent high profile international and local cases
                                                     highlight the fact that the statutory, regulatory, legal and shareholder long knives
                                                     are out for companies and directors who are perceived to be or are proven to have
    Kerry Curtin
                                                     strayed from the corporate straight and narrow.”

         “The quantums involved in such cases are on the increase. An analysis of South African actions in this respect show a variety of
          motivating factors for actions, including alleged irregularities, schemes put into place to protect executive directors, awards
          of licenses, repudiation of contracts, loss of share price, manipulation of share price, failure to carry out due diligence, etc.”

          In one instance on record R15m has been paid out in costs to date.

         “The Companies Act, part of government’s corporate law reform project, is aimed at improving regulatory oversight and
          redress for shareholders. Directors will be expected to act in good faith in the best interests of the company and with a degree
          of care, skill and diligence that may be reasonably expected of a person in that position.”

         “Although these obligations have always been expected of directors, for the first time their levels of responsibility will now be
          legislated and among the areas of contention are board packages, prohibition of directors from carrying on business recklessly,
          with gross negligence or with intent to defraud, trading under insolvent circumstances and so on.”

         “The Act also makes provision for a new body known as the Companies and Intellectual Property Commission which will
          examine this conduct when a complaint is lodged. “

         “Moreover, the Act introduces a solvency and liquidity test and a duty is imposed on directors to consider if it is reasonable to
          go on trading when company liabilities exceed assets.

    “The King III report on corporate governance in South Africa has a different emphasis on how a company relates to, among
     other factors, the economic life of the community in which it operates.

    “However, the two entities are inter-related on a ‘corporate behaviour’ level, the one having statutory teeth, the other
     emphasising moral imperatives.

    “This principle of governance of corporations on a statutory basis operating in tandem with a code of corporate principles and
     practices has taken root internationally, notably the United States.

    “In this context, a ‘one-size-fits-all’ approach to protecting and ring-fencing directors and officers against the risk arising from
     these regimens is not workable.

    “The good news is that it is possible to mitigate the situation following a classic insurance risk management approach to
     indemnify directors and protect a company or director against the liabilities and expenses of defending litigation arising out
     of alleged malpractice. However many directors and officers are confused as to where to begin to protect themselves and their
     companies and boards are looking for guidance.

    “Fundamentally it’s about identifying potential liabilities by assessing a board’s current compliance with legislation, establishing
     an effective risk management programme that should entail, amongst other steps, the training of directors in their duties and
     responsibilities and setting up a system of checks and balances to ensure compliance.

    “And thirdly, applying risk transfer via Directors and Officers’ liability insurance, determining cost effective premiums and
     plugging liability gaps with covers correctly structured within the context of good governance protocols.

    “Ultimately a programme of this nature must inculcate an organisational culture that supports ethical and responsible
     behaviour in addition to reducing the frequency and magnitude of possible claims against directors and officers.”

    Is true B-BBEE now a real possibility?

         Keith Levenstein, CEO of EconoBEE – SA’s leading BEE Consultancy – welcomes the announcement that the National
         Treasury has issued a draft document aimed at reconciling the PPPFA with the B-BBEE codes.

         “This week the National Treasury issued a draft notice in a bid to reconcile the PPFA (Preferential Procurement Policy
          Framework Act) and B-BBEE codes. The PPPFA dictates how government should issue, adjudicate and award tenders and
          the previous methodology used meant that tenders were awarded using a narrow based method. In truth a company’s
          complete B-BBEE status meant nothing - only ownership and management were taken into account when tenders were
          awarded. This will now change!

                                                “Based on the previous regulations, a 20/80 principle for tenders below R500,000
                                                 was implemented, and a 90/10 principle implemented for any amount greater
                                                 than R500,000. Using this principle, a tender would be evaluated by allocating
                                                 80 points to the tender itself – price, product, service, guarantees etc. 20 points
                                                 would then be allocated by evaluating their HDI (Historically Disadvantaged
                                                 Individual) status and achievement of their RDP (Reconstruction and Develop-
                                                 ment Programme) goals. Effectively this meant that tenders were awarded tak-
                                                 ing only ownership and management into account and not considering a com-
                                                 pany’s BEE status at all.”

                                                “The draft regulations now state that those 10 or 20 points are now solely based
                                                 on the company’s BEE level. This, in addition to the increase in 20/80 threshold
                                                 from R500, 000 to R1 million ensures that more companies, and subsequently
                                                 people, are able to benefit from the proposed changes. Therefore, if a company
                                                 tenders to government for business and has achieved a level 4 in terms of the
                                                 BEE score card, then they are automatically allocated 12 points out of 20. If, on
                                                 the other hand, the company is non-compliant in terms of the BEE score card,
                                                 then they receive zero points on the tender adjudication. For tenders above R1
                                                 million the 90/10 principle applies. The 10 points are allocated based on BEE lev-
                                                 el. For example, a level one company earns 10 points, a level four gets 5 points
    Kevin Levenstein
                                                 and a non-compliant company earns zero points.

         “With minor exceptions, this is exactly what we have been asking for over the past four years.
         The main difference is that a company’s BEE score is now used in evaluating tenders, rather
         than the unscientific and arbitrary manner, usually based on the now discredited narrow based
         format. A good scorecard will now become more important, and more useful to businesses,
         many of which had to try to comply with contradictory requirements.”

         “This will have the effect of encouraging businesses to become B-BBEE compliant and get a good scorecard based on
          broad-based principles because those companies will now see the opportunity of getting business that was previously
          denied to them. A good scorecard now means a lot more than simply having black ownership, since black ownership on
          its own does not ensure a good broad-based score. It will certainly mean that more majority white owned companies do
          get government business, but only those with a good broad-based score. The B-BBEE score is a good indication of how
          much transformation has taken place in a company, and we believe that those companies that have genuinely made an
          effort and succeeded do deserve to get the credit for their sustainable actions.” concludes Levenstein.

    Different talents and remuneration structures needed in the
    post-crisis financial services order
        The financial services industry is stabilising and companies in this sector need to position themselves for a new financial
        world order, once the world has been through the current global financial crisis.

         Capital requirements and cost of capital will be higher in a more stringent regulatory environment. This means a re-
         engineering of the business into a low-cost more sustainable model which will require a shake-up in staff deployment,
         performance objectives and career development.

                                                  PricewaterhouseCoopers, in its report Re-engineering the organisation: Man-
                                                  aging talent in the day after tomorrow, examines how leading financial services
                                                  organisations are gearing their talent strategies to the unprecedented market
                                                  conditions and changing realities facing the sector.

                                                  Pam Maharaj, PwC SA Director: People and Change Solutions , says that in pre-
                                                  paring for the upturn, the first and most important step is to define a clear strat-
                                                  egy for survival and growth, and map out what talents and capabilities are re-
                                                  quired to deliver it. “This means re-inspiring the remaining workforce in order to
                                                  sustain productivity in the near-term - as well as ensuring the company is ready
                                                  to respond swiftly and decisively when the eventual upturn arrives. And for new
                                                  talent, companies will be looking for people suited to a simpler and more sus-
                                                  tainable ‘back to basics’ approach, and not necessarily the leading performers of
    Pam Maharaj
                                                  the pre-crisis market.”

         Maharaj says that after ruthless job-shedding, financial services organisations may be left with an anxious and disil-
         lusioned workforce. “Experience shows that productivity dips in the aftermath of such upheaval. Staff may be unclear
         about their roles, especially if they are taking on responsibilities from laid-off former colleagues. To re-connect with their
         staff and galvanise them for the journey ahead, senior management must be willing to come out onto the ‘shop floor’
         and explain the strategy at the business and how retained staff fit into the changes ahead.

        “This means a new breed of executive that can re-inspire a potentially demoralised workforce
         and guide the organisation along an unfamiliar strategic path. We will certainly see the
         attributes of leaders in this sector changing as growth slows, margins tighten and social and
         political engagement becomes more crucial.”

         Undoubtedly there will be significant changes to industry compensation in order to promote a more sustainable balance
         between risk and reward. Tom Winterboer, PwC SA Financial Services Lead Partner, says rewards will be restructured to
         more closely align with the organisation’s changes in strategy and desired behaviour.

        “We see quick fixes such as blanket curbs on bonuses which assuage the critics for now, but are not appropriate in the
         long-term. Organisations must develop a sustainable risk-adjusted basis for compensation that appropriately balances
         short- and long-term incentives. They also need to start recognising and rewarding risk, regulatory and relationship
         competencies as core skills. Remuneration decisions must be underpinned by robust governance structures and there
         should be a clear line of sight between performance, reward and career progression.”

         Winterboer also highlights the need for an appropriate balance between financial and non-financial performance indica-
         tors to avoid any conflict between what gets paid and what gets done. “The optimum design for a sustainable approach
         includes risk-adjusted remuneration, deferred compensation, and a balanced scorecard of nonfinancial measures that
         reward teamwork, risk awareness and other favourable attributes, alongside financial performance.”

    Winterboer says remuneration design needs to be specifically tailored to the various divisions within a financial ser-
    vices company. “For example, within capital market businesses, there is growing recognition of the importance of clear
    measurement of and personal accountability for the value contribution of trading desks and, where possible, individual
    traders. Rewards must reflect the cost and risk-adjusted profit attributions of these front office divisions, and the per-
    formance of the portfolio or individual trader must be tracked and linked to deferred compensation. Financial reward
    measures should also be augmented with rewards for teamwork, information sharing and other key aspects of business
    development and control.”

    For back office functions such as risk and compliance, Winterboer says at present, a significant proportion of the rewards
    for these control teams are geared to the profitability of the frontline business. “This can create an inherent conflict of
    interest in which control teams may not want to challenge front office personnel as this could have a negative impact
    on their bonus potential. This highlights the importance of independent appraisal and compensation for these support
    functions and integrating their reward structures into the enterprise risk management (ERM) framework. Tying compen-
    sation to risk-based performance objectives can provide a powerful lever for instilling risk awareness in the enterprise.”

    For senior executives, Winterboer says remuneration scorecards must be ever more closely aligned to strategic objec-
    tives. “Share options will remain important despite their currently reduced value, though longer time horizons and dura-
    tion are likely to be a growing feature.”

    Besides compensation structures being increasingly aligned to risk management, Winterboer says there also needs to be
    an environment where staff at all levels of the business are able and indeed encouraged to challenge key decisions, even
    if this goes against the prevailing strategic grain.

    “Control teams must be able to maintain the necessary independence to provide effective scrutiny and oversight and
     ensure that management takes appropriate account of their concerns. Embedding risk officers within business teams is
     an invaluable approach, but these personnel must then ultimately report to a centralised risk function – rather than that
     business team head - which has the final say over their appointment, performance appraisal, remuneration and career

    Maharaj concludes that the new financial order will require different talents and leadership as well as a marked shift in
    culture, rewards and career progression that will firmly embed the operational and strategic changes presently taking
    place in organisations.

    The PwC ‘Re-engineering the organisation: Managing talent in the day after tomorrow’ report builds on market observa-
    tions and some of the themes raised in the report ‘The day after tomorrow: A PricewaterhouseCoopers perspective on
    the global financial crisis’.

                                                                                                     Portfolio Update

    A wish for 2010
    Chief Executive

         It is absolutely unbelievable that I am writing my end of year message to our members again. It does just feel like yesterday…

         This year I am not going to be dwelling in the past, suffice to say that 2009 was a fantastic year for the IoD.

         We are looking forward to 2010 with great anticipation……the soccer, our 50th anniversary and many new initiatives!

         As we plan for a new year, we should all be pondering the most important lessons in life:

         1.   Life is fleeting and it goes quickly.
         2. Its good to be different.
         3. Keep on the sunny side of life.
         4. Make time for adventure in your life.
         5. Accept that life is not always a picnic.
         6. Entertain the idea of changing your life if you don’t like it.
         7.   Try to prepare yourself for the obvious.
         8. Life is simple, so keep it that way.
         9. Laughing, crying, joy and anger… All are vital. All make us human.
         10. Greed will bury even the lucky eventually.
         11. Bad things do happen to good people.
         12. Uncertainty is caused by a lack of knowledge.
         13. Hesitation is the product of fear.
         14. Most of the time what you are looking for is right in front of you.
         15. Chance is a gift, so act on chance when given the opportunity.
         16. Kindness and hard work will take you further than intelligence.
         17. Carelessness is the root of failure.
         18. Stepping outside of your comfort zone will put things into
              perspective from an angle you can’t grasp now.
         19. Motivation comes in short bursts. Act while it’s hot.
         20. Taking ownership of failure builds the foundation for success.
                                                                                           Lindie Engelbrecht
         21. If you never act, you will never know for sure.

         The team at the IoD wishes you the best for the 2010. Spend less time and energy on things and more time and energy on people!

                                                                                                    Portfolio Update

    2009 - The year that was
    Board Advisory Services

         The demand for the IoDs board effectiveness reviews (Board appraisals)
         continues to be in record demand with just over 40 board evaluations
         conducted for both private and public companies in the last two years alone.

         Encouragingly, this year saw a further increase in follow-up board appraisals
         where companies were keen to benchmark current board effectiveness
         against previously rated scores. It was pleasing to note that generally Boards
         that were re-assessed had improved their board governance processes
         substantially and they believed that the process had been a valuable one.

         Our focus for 2010 will be to retain our market leadership and to develop
         additional suitably qualified and experienced facilitators to meet the
         increasing level of demand for this service.

         For further information on Board Advisory Services please contact, Lebo
                                                                                            Lebo Botolo
         Botolo on 011 430 9900 / lebob@iodsa.co.za.

    Governance Assessment Instrument
    Centre for Corporate Governance

         One of the biggest highlights for the IoDs’ Centre for Corporate Governance
         in 2009 was the progress made on the development of our Governance
         Assessment Instrument (GAI). GAI is an automated web-based tool that
         will serve as both a measure and an enabler of good corporate governance
         structures and practices. GAI, once fully developed, will contain practical
         guidelines on how to implement good governance, and the first module is
         already complete and ready for use by public companies.

         The IoD Centre for Corporate Governance aims to complete all other modules
         of GAI early in the first quarter of 2010. These modules will translate King III
         and show how it applies to SMEs, non-profit organisations, certain funds,
         state owned companies and state entities.

         For further information on GAI or any technical assistance you may need in
         terms of Corporate Governance please contact, Natasha Bouwman on 011
                                                                                            Natasha Bouwman
         430 9900 / natashab@iodsa.co.za.

                                                                                               Portfolio Update

     Director Development

                                                       There is no doubt that the highlight for 2009 has been the release of
                                                       King III which has seen a number of training programmes around the
                                                       report this document over-subscribed! A special word of thanks goes
                                                       out to our members and director development alumni who continue to
                                                       support our director development initiatives, even in times of economic
                                                       challenges. We would like to commend you on your commitment to
                                                       personal development as a director or potential director and hope that
                                                       you lead by example.

                                                        We already have a list of anxious delegates who want to know what
                                                        training is planned in 2010, so look out for our E-update soon. Our 2010
                                                        programme calendar is also available on our website and bookings will
                                                        be accepted for programme dates made active on the IoDSA website.

                                                        We have also introduced as part of our offering in 2010 ‘the Being a Director
                                                        Alumni Update’ and ‘Insights into the New Companies Act’ that will hopefully
                                                        assist directors, company secretaries and senior managers to understand
         Portia Gumede
                                                        and keep up to date with the requirements of the new legislation.

        Once again, congratulations to all 2009 successful ADP delegates. We are already receiving a number of applications for
        the January, 2010 intake.

        We have welcomed a new member to the team - Thilomi Govender to admini-
        strate our short open-programmes and seminars, whilst I continue to
        administrate ADP and oversee general operations in the department and
        Vuyo Machimana administrating in-company programmes and other longer
        programmes. We wish Thilomi the very best!

        I trust that 2009 has been a success for all IoD members and Director Develop-
        ment Alumni – and I wish you all a wonderful year ahead!

        For further information on Director Development programmes, both in-company
        and open programmes, please contact Portia Gumede on 011 430 9900 /
                                                                                           Thilomi Govender

        As we near the end of 2009, you would expect things to start slowing down,
        but the IoD membership department had one of its best months of the year
        during October.

        Thank you to all those members that have referred new potential members
        and continue to do so, it is always encouraging to know that the IoD is being
        spoken about in such a positive light and that we make a difference to our
        current members.

        We sent invoices for 2010 membership subscriptions during the third week of
        November, please ensure payment is received timeously, and once again thank
                                                                                            Sam Taylor
        you for your support and commitment to the IoD.
                                                                   Regional Roundup - Gauteng

     IoD 6th Annual Business Update and King III launch

        The Institute of Directors (IoD) key objective and that of its annual conference is to promote good governance in the
        public and private sectors. Following wide acclaim for the IoD Business Update Conferences, the 2009 event offered the
        business community a powerful one-day executive forum focusing on today’s most pressing issues.

        The highlight and focus of the 2009 conference was the launch of the third King Report on Corporate Governance with
        the aim to highlight the major changes that were made to the report, with a number of international and local speakers
        who are all experts on their fields.

                                                                    Regional Roundup - Gauteng

     IoD Annual Golf Day

        On 2 November, the IoD held its
        Annual Golf Day at Country Club
        Johannesburg in Woodmead. With
        our lead sponsor, Ernst & Young,
        the day turned out to be one of
        the largest the IoD has hosted.

        224 golfers played on the two
        CCJ courses, Woodmead and
        Rocklands making it the one of
        the biggest fields in recent years.

        The IoD extends a very
        big thank you to all
        our members who par-
        ticipated as well as our
        guests, sponsors and or-
        ganisers. A special men-
        tion to the following com-
        panies who sponsored holes and/or prizes, Aprio, Aves Cyber Security, Ernst & Young, Ethos
        Private Equity, Euphoria Golf Estate & Hydro, Global Golf Gloves, Huge Telecom, Merensky Tim-
        ber, PG Group, Sasria, Stallion Security and Zebula Country Club & Spa.

        Once again the day was organised by Sharon Bruyns from Dale Hayes Golf Events, who helped ensure a fantastic day for all
        while Dale Hayes our MC for the evening, had everyone in stitches once again.

        Congratulations to all our winners on the day, who have been mentioned below.
        Chris Jiyane won longest drive on Woodmeads 6th, Warren Roberts won longest drive on Woodmeads 9th, Yong Kang Kim
        won nearest the pin on Woodmeads 13th, Anthony O’Reilly won longest drive on Rocklands 3rd, Craig Sumption won Longest
        Drive on Rocklands 9th and Neil Dundas won nearest the pin on Rocklands 17th.

        Special mention must go to Alwyn Smit who made a hole-in-one on Woodmeads 15th.

                                                                    Regional Roundup - Gauteng

      16th to 12th place lost on a countout with a total of 78 points.
     – 16th place went to Ian Barrable, Jan Jordaan, Stefan Schoeman and Dieter Stapel on Rocklands.
     – 15th place went to Chris Jiyane, Rowan Crowie, Dhiroo Kallian and Hugh Moffat on Woodmead.
     – 14th place went to Matome Modipa, Owen Mabundla and Yong Kang Kim on Woodmead.
     – 13th place went to Darren Smith, Simphiwe Mehlomakulu and Simpson Nondo on Woodmead.
     – 12th place went to Andrew Mari Lewis Musasike Raymond Ndlovu and Lovemore Sithole on Rocklands.
     – 11th place went to Paul Kent, Daryl Horney, Kevin Homann and Bruce Stevens who won the countout with a total 78 points.
     – 10th place went to Kevin Wotshela, Don Pupuma, Seabelo Pilane and Elias Mabena with a total on 79 points on Rocklands.

      9th and 8th place lost on a countout with a total of 80 points.
     – 9th place went to Naresh Pather, Leon Labuschagne, Clinton Crowie and Andre de Wet on Woodmead.
     – 8th place went to Charl Ueckerman, Vernon Carr, Jaco van der Merwe and John Rogers on Woodmead.
     – 7th place went to Bobby Mosidi, Phops Matsepe, Philly Motsepe and Joe Mazibuko who won on a countout with 80 points
         on Rocklands.
     – 6th place went to Andrew Wildman, Julie Bruyns, Brad Forge and Paul Alves with a total of 81 points on Rocklands.
     – 5th place went to Brian Dundas, Palello Lebaka, Wahed Rasool and Neil Dundas with a total of 82 points on Rocklands.
     – 4th place went to Ivan Williams, Edmund Bartlett, Naas Ferreira and Renier Engels losing on a countout with a total of 83
         points on Woodmead.
     – 3rd place went to Vusi Mbonani, Nick Maredi, Mandla Madi and Elias Radebe who won on a countout with a total of 83
         points on Woodmead.
     – 2nd prize went to Shadrack Tsatsi, Cecil Thokoane, Sakkie Bonga and Peter Rangata with a total of 85 points on Rocklands.

     And finally well done to our 1st place winners, John Salmon, Craig Sumption, Gavin White and
     Fred van Zijl with total of 87 points on Rocklands!

     Thanks for joining us!

                                                           Regional Roundup - Western Cape

     Powerful conversations for New Leaders

        Research indicates that a massive 70% of the working population are
        neither engaged nor committed¹. Put this in other terms if this were the
        Springbok rugby team then only about 3 or 4 of the squad are ready to get
        out onto the field and play their hearts out.

        Should business be worried about this? Absolutely! A recent McKinsey
        war for talent survey² research indicates that a high performer generates
        from about 50% to 70% more than an average performer.

        This is just some of the research quoted by Ron Hyams at his recent talk
        on Powerful Conversations for New Leaders. He starts by saying that this
        is actually not a talk, but a conversation – a two way dialogue between
        presenter and audience. He goes on to say that the most powerful
        conversations start with questions. Questions open up ideas, answers
        close them down. The best leaders have a vision – they know where they
        are going – and they have the skill to take others with them based on
        their ability to ask powerful questions.

         Hyams explains that what distinguishes the best leaders is not just
         technical skills. Rather it is about having a combination of hard technical
         competence and soft skills – emotional intelligence, pro-activity, ability
         to build relationships and the ability to have four types of conversation:
        •	 The	conversation	for	possibility	–	this	is	about	seeding	an	idea,	creating	a		
            future distinct from the past
        •	 The	conversations	for	alignment	–	this	is	about	engaging	others	to		
            contribute to the leader’s vision – this ownership energises and              Ron Hyams
            unleashes the wisdom of the whole team
        •	 The	tough	conversation	–	this	is	about	creating	enough	courage	and		
            safety in the team that it can tackle the difficult issues whether this is about poor performance, or diversity issues
        •	 The	accountability	conversation	–	this	is	about	creating	an	ethos	where	instead	of	the	boss	chasing	their	reports	the		
            people themselves hold themselves accountable for execution

        Key principles
        •	   There	are	a	number	or	key	principles	that	underpin	Hyams	leadership	programmes:
        •	   The	belief	that	everyone	has	more	potential	than	they	realize
        •	   The	recognition	that	the	biggest	obstacles	to	our	potential	are	often	mental	–	and	that	we	can	transform	these		
             obstacles by understanding the beliefs that shape our self image
        •	   To	fully	engage	people	at	work	you	have	to	consider	the	whole	person	–	mind,	heart	and	guts

        A new style of leadership
         When leaders take more of a coaching style then people can expect the following benefits:
        •	 an	opportunity	to	do	what	they	do	best	
        •	 recognition	and	praise	
        •	 care	for	them	as	a	person	
        •	 encouragement	of	them	as	a	person	
        •	 opportunities	to	learn	and	grow

                                                          Regional Roundup - Western Cape

     Significantly, Gallup research with millions of employees indicates that these are precisely the sorts of factors that are
     consistently found to motivate people. Indeed, it is not primarily pay, company culture or working conditions that cause
     people to stay or leave a company – but rather the quality and style of the manager.

     So a more participative style of leadership is an approach whose time has come. The approach is particularly in tune with the
     values and aspirations of today’s Generation Y workforce (born 1981 to current). Gen Y’s approach to work can be summarized
     as “what can you do for me?” They don’t want to be told what to do and will resist a more traditional authoritarian ‘tell’ style
     culture. A coaching style of leadership appeals because the questioning approach encourages self responsibility and this
     resonates with Gen Y values including:

     •	   Growth	and	development	opportunities
     •	   Individual	contribution
     •	   Doing	it	your	way
     •	   No	rules

     Ron argues that the old style autocratic leadership style has had its day “the heroic leader is
     dead”. He suggests that we need a new inclusive style of leadership and quotes an old African
     proverb “if you want to walk fast, walk alone, if you want to walk far, walk together”.

     ¹ Enterprise IG 2004
     ² McKinsey War for Talent survey

                                                                                  New Members

     The IoDSA welcomes all our New Members

        Mr JW John Abbott           Mr W Werner Buys                    Ms NS Nola Dlamini
        Mrs S. Somayyia Adam        Mr DJ David Caine                   Ms CB Caroline Dlamini
        Mr AM Ashraf Adam           Mr NC Neil Caldwell                 Mr SR Sandile Dlamini
        Ms DL Deidre Adams          Mr J James Campbell                 Mr P.M Mkuseli Dlikilili
        Mr GW Gregory Adams         Mr GJM Gilbert Carlin               Mr K Kenneth Dlomo
        Mr E Elvis Ademba           Mr BA Brian Carver                  Mr TC Thulasizwe Dludlu
        Ms RM Refilwe Africa        Ms SG Sumaya Castle                 Mr S Sean Doel
        Mr DH Dereck Alexander      Mrs SWA Sharon Castro Carballo      Ms N Nyreen Downie
        Mr C Christopher Allen      Mr ML Marc Cattaneo                 Dr RL Robin Drennan
        Mr MSO Simon Aphane         Mrs D Dumile Cele                   Mr P Pierre du Plessis
        Mr D Duncan Armstrong       Mr I Isaac Chalumbira               Mr J Jacques du Plessis
        Mr PD Peter Arnott          Mr R Russel Chappe                  Mr W Wynand du Plessis
        Mr M Mohammed Badat         Mr BA Bruce Chelius                 Mrs CD Catherina du Plessis
        Mr Q Quintin Badenhorst     Mr V Vashenthren Chetty             Mr PG Pieter Du Preez
        Mr FJ Fredrik Badenhorst    Mr W Wu Chia-Chao                   Mr J Jacques du Toit
        Mr AJ Albertus Badenhorst   Mr M Marlon Chigwende               Mr WF Williem du Toit
        Mr KH Kgabo Badimo          Mr L Livingston Chilwane            Mrs RD Richelle Dykes
        Mr RM Robert Baker          Mr C Charles Chirume                Mr JB Barry East
        Dr HN Hans Balyamujura      Mr E Ernest Cilliers                Mr BJ Brian Eaton
        Mr M Mteto Bam              Mr JPL Jacob Cloete                 Mr BE Bradley Edwards
        Mr TC Thomas Barker         Mr BJ Brandon Close                 Mr H.J Hendrik Ehlers
        Mr RJ Roelof Barnard        Adv GL Gerrit Coetzee               Ms B Birgit Eimbeck
        Mr GN Gordon Barnes         Mr H Heinrich Coetzee               Mr FRL Frederik Eksteen
        Mr NJ Nicholas Battersby    Mr WJ Willem Coetzee                Ms AM Anne Ekstein
        Mrs J Janine Baxter         Mr J Johann Coetzee                 Mr LE Lee-John Ellis
        Mr D Desmond Beemiah        Ms H Hanlie Coetzer                 Mr CJ Neels Els
        Mr PB Pierre Bekker         Mr AH Ashley Cohen                  Mr B Benjamin Engelbrecht
        Dr GRM Gregory Bellairs     Mr PHT Paul Colditz                 Prof AP Andries Engelbrecht
        Mr E Eugene Beneke          Mrs KA Kerry Colley                 Mr SJ Salomon Erasmus
        Mr A Anthony Berman         Mr AF Andrew Connold                Mr S Stephen Erlank
        Mr JG Jonathan Best         Mr J John Considine                 Mr A Aadil Essop
        Mr S Stephanus Bester       Mr CR Craig Coombe                  Mr R Rashied Essop
        Mr JA Jan Bezuidenhoudt     Mr E Elmer Cousins                  Prof PN Peter Ewang
        Ms U Unathi Bhe Kanda       Mr E Eugene Cox                     Mr J Jochen Faber
        Ms JK Joy Bhengu            Mr KJ Kenneth Croly                 Mr KD Kirankumar Fakir
        Mr ZJ Zamindlela Bhengu     Mr C Clinton Crowie                 Mr AC Alan Farthing
        Mrs N Natasja Blok          Dr GC Gert Cruywagen                Mr AO Adeyemi Fatunla
        Mr GH Graham Boden          Mr CT Craig Daly                    Mr PH Petrus Ferreira
        Mr MC Murray Bolton         Mr MJ Michael Davies                Mr ZL Zola Fihlani
        Mr E Eldred Boonzaaier      Dr J Johanna De Beer                Mr KH Kevin Fihrer
        Ms JL Jennifer Booth        Mr F Frikkie de Bruin               Mr GA George Filen
        Dr M Michelle Booysen       Prof D Dawid de Jongh               Mr GA Grant Finnemore
        Mrs H Hannetjie Boshoff     Mr CK Christiaan De Klerk           Mr PD Paul Finney
        Mrs DA Dina Bosman          Mrs M Michelle de Pons-James        Mr S Shaun Fisher
        Mrs C. Christa Botha        Mr A. Anton De Souza                Mr BM Bradley Forge
        Mr K Ken Botha              Dr TJ Tielman de Villiers           Mrs M.A Marjorie Forssman
        Mrs AJ Alida Botha          Mr TD Thomas De Villiers- Viljoen   Mr PJ Petrus Fourie
        Mr MC Marthinus Botha       Mr DN Daryl De Vos                  Mr A Adriaan Fourie
        Mr G Gerbrand Bothma        Mr CJ Chris de Vos                  Mr JR John Francey
        Mr W Werner Bouwer          Mr A Andre De Wet                   Mr A Arne Frandsen
        Adv A Andre Bouwer          Mr HC Hendrick De Wet               Ms RL Reshmili Frank
        Mr JW Jan Bouwman           Mr A Andre De Wet                   Dr G Grant Freedman
        Mr A Alastair Bovim         Mr AF Andre de Wet                  Mr W Walter Frese
        Mr EM Everton Bowers        Mr PR Philippus de Wet              Ms HC Helena Friedrich
        Mr GA Grant Bowes           Mr Grant Grant Defries              Mr L Loyiso Galada
        Mr IJ Izak Bredenkamp       Mr RA Richard dela Harpe            Mr AK Kayyoom Ganie
        Mr H Heinrich Bredenkamp    Ms RS Rosemary Dennis               Mr DHL Dinesh Garbharran
        Mr C Christopher Brindley   Mrs D Diana Dessington              Mr GE Gareth Gates
        Mrs MA Mary-Anny Britz      Mr T Thamsanqa Dibishi              Mr M Michael Gcabo
        Mr E Edwin Brown            Mr TM Trevor Dickinson              Mr A Alroy Gericke
        Mr G Gary Bryce-Borthwick   Mr MJ Mpho Dipela                   Mr AC Angus Gibb
        Mr MJ Michael Burger        Mr EM Emsley Dipico                 Adv D Debra Gill
        Mr MG Marlon Burgess        Mr JA Johnny Dladla                 Mr K Kelvin Glen

                                                                                   New Members

     Ms N Noxolo Gogo                  Mr NSA Nhlanhla Hlubi               Ms PT Pamela Khumalo
     Dr W Wynard Goosen                Mr BA Basil Holford                 Mr S Senele Khumalo
     Ms SH Susan Gottgens              Mr J Jongisizwe Hopa                Mrs C Cecilia Khuzwayo
     Mr JD Jacob Gouws                 Ms D Dorethea Horak                 Mrs R Ruth Kibuuka
     Mr EA Erik Gouws                  Mr DM Derek Hughes                  Mr AV Alan Kimble
     Mr MS Marten Govender             Mr MJ Malcolm Hughes                Mr GB Guy Kimble
     Mr M Maneshrin Govender           Mr MJ Michael Hughes                Mr JW John King
     Adv K Karthigasen Govender        Mr JF Jean Human                    Mr AI Anton Klopper
     Ms P Pinglavathee Govender        Mr HM Milton Hunkin                 Mr WE Werner Koekemoer
     Mr D Dheeraj Gowrie               Mr J John Hutton                    Mr NG Nicolas Kohler
     Mr JC John Gradidge               Mrs A Annalie Huxham                Reverend JJ Julian Kok
     Mr MD Martin Graham               Mr J Jerry Igwilo                   Ms T Thato Koma
     Mr B Bruce Greeff                 Mrs F Farah Imam                    Mr F Feroz Koor
     Mr G Gavin Green                  Mr IWM Ian Isdale                   Dr MN Mampho Kotelo-Molaoa
     Ms MT Marion Green-Thompson       Mr V Vuyo Jack                      Mr AL Anthony Kotton
     Mr N Noah Greenhill               Mr SD Steven Jack                   Mr E Errol Kotze
     Mrs L Leonie Greyling             Mr RD Richard Jackson               Mr HJ Hermans Kriel
     Mr MA Magnus Gricius              Mr TKJ Tervern Jaftha               Mr H Heinrich Kriel
     Mrs R Rachelle Grobbelaar         Mr A Alex Jahn                      Mr MI Marc Krouse
     Mr E Elmar Grobbelaar             Mr CG Ceri James                    Dr JW Jan Kruger
     Mr BH Bernardus Groenewald        Mr L Louis Janse van Rensburg       Mrs JA Johanna Kruger
     Mr PS Petrus Groenewald           Mrs SC Susanna Janse van Rensburg   Mr BA Bafana Kubedi
     Mr MP Martinho Guambe             Mr DJ Dirk Jansen van Vuuren        Ms E Elizabeth Kumalo
     Mr M Michael Gullan               Ms WD Wendy Jeavons                 Mrs L Linda Kumbemba
     Mrs D Desiree Gullan              Mr JJ Jethro Jewell                 Ms N Nqobile Kunene
     Mr F Fikile Guma                  Mr U Umesh Jivan                    Mr KO Kutoane Kutoane
     Mr J.X.B Jehoshaphat Gumede       Mrs RS Rene Jobse                   Mr C Chirag Lakhani
     Mr T Thomas Guta                  Mrs L Lynelle John                  Mr IMF Ismail Lambat
     Mr LH Leon Haasbroek              Ms U Ursula Johnson                 Mr TJ Timothy Lane
     Mr CV Colin Habberton             Mr IA Ian Jones                     Mr TB Timothy Langdon
     Mrs PAL Pearly Habib              Mr G. Garth Jones                   Dr DJ Daniel Langner
     Mr A. J Adrian Haddow             Mr A Anthony Jones                  Ms A Althea Lapoorta
     Mr DP Daniel Hall                 Mr R Ronald Josias                  Dr JM Jacobus Laubscher
     Mr AL Andrew Halls                Mrs EG Elizabeth Joubert            Mr R Roy Lawrence
     Mr G Gavin Halse                  Mrs EM Elizabeth Joynt              Ms JM Joy-Marie Lawrence
     Mr R.T Reginald Haman             Dr I Irwin Juckes                   Mr AJ Andrew Layman
     Mr NC Nigel Hamilton-Smith        Mr D Dave Kahwa                     Mr HP Hendrik Le Roux
     Mr EJ Edward Hampson              Ms H Hileni Kaifanua                Mr G Gerhard Le Roux
     Mr JE Jacobus Hanekom             Ms GN Gisela Kaiser                 Mr JWS Johan Le Roux
     Mr MJ Michael Harper              Mr O Ompatile Kalaben               Ms JRJ Johanna Le Roux
     Ms FL Fuzili-Levy Hassen          Ms LG Lena Kalake                   Ms AR Anna-Rosa Le Roux
     Mr AA Akbar Hassim                Ms R Rachel Kalidass                Mr WA Wade Leaf
     Mrs J Jocelyn Hathaway            Mr D Dharmesh Kalyan                Mr P Phatela Lebogo
     Mrs FJ Francina Hattingh          Mr KE Kaitira Kandjii               Mr KS Kenneth Lekitima
     Mr JP John Haveman                Mr 045235 Barend Kaynie             Mr BW Bhekumuzi Lembede
     Mr R Ralph Havenstein             Mr A Anton Keet                     Ms LM Lesidorah Lesutu
     Mr C Carl Haycock                 Ms TC Tebogo Kekana                 Mr JC Jacobus Liebenberg
     Mr W Winston Hayden               Ms GK Grace Kelobonye               Mr AR Allen Liversage
     Mr AS Alexander Headbush          Mrs R Rene Kenosi                   Mr A Andrew Logan
     Mr A Ajith Heeralal               Mr AJ Alexander Kerrod              Dr CN Christoffel Lombard
     Mrs L Leanne Heerink-Smit         Mr JB James Kershaw                 Ms WJF Wilhelmina Louw
     Mrs L Lydia Hendricks             Mr H Harshud Keshav                 Mr SP Stephen Love
     Mrs Z Zulfa Hendricks-Johaadien   Ms GM Gillian Kettaneh              Mr MI Marc Lubner
     Mr N.J.M Nicolaas Henn            Mr PA Phazha Kgalemang              Mr WH William Lugemwa
     Mrs T Tracey Henry                Ms MT Mankoe Kganakga               Mrs JA Jennifer Lupton
     Prof MA May Hermanus              Ms MP Mashadi Kgatla                Ms H.N Hlonela Lupuwana
     Mr JA John Hewlett                Mr TN Thulanemathel Kgomo           Mrs RN Ruth Luzuka
     Mr SJ Steven Heynes               Ms D Ditebogo Kgomo                 Mrs M Margaretha Lyons
     Dr M Michiel Heyns                Mr MB Maleke Kgotlagomang           Mr ST Sydney Mabalayo
     Mr D Duncan Hill                  Mrs NN Nto Khasu                    Mr TL Thando Mabandla
     Mr AG Alexander Hill              Mr MN Mosito Khethisa               Mrs K Bibi Mabe
     Mr D.W Dale Hillary               Mr P Paseka Khetsi                  Mr MP Moffet Mabelane
     Mr EO Edward Hillary-Edjere       Mr CTL Naledi Khohlokoane           Mr E Elias Mabena
     Ms JK Janine Hills                Mr B Bhavik Khoosal                 Mr F Frans Mabitsela
     Ms RL Reekeletseng Hlapolosa      Mr AM Avhatakali Khorommbi          Ms MSS Matlhogo Maboe
     Mr LED Lemuel Hlatshwayo          Dr MR Milovan Khosa                 Mr L Luvuyo Mabombo
     Ms B.G Busisiwe Hlongwane         Mr P Pete Khoury                    Mr AC Aukney Mabunda

                                                                          New Members

     Mr AT Aubrey Mabuza         Mrs SR Sindiswa Maseko-Khumalo   Mr EM Ezrom Mofi
     Mr JA John Macdonald        Mr D Dzivhuluwani Mashila        Mr MM Majoro Mofokeng
     Mrs M Maja Macdougall       Ms TJ Thoko Mashimbye            Mr R Ramotse Mogale
     Ms WB Wendy Machanik        Mr MS Malambule Mashinini        Ms NR Ntokozo Mogorosi
     Mr SJ Stuart Mackenzie      Dr IN Innocent Mashiyane         Mrs Edith Edith Mogotsi
     Mr RH Roderick Mackenzie    Mr TM Thabo Mashologu            Mrs S Shehnaz Mohamed
     Mr P.A Paul Maclons         Mr GN Goddard Masiavhula         Mr F Fahim Mohamed
     Mr F Fidelis Madavo         Ms H Happy Masondo               Mr HM Hendrick Mokadi
     Adv T Taki Madima           Mr WK Webster Masvikwa           Mrs TEM Tebogo Mokela
     Mr ME Mampodi Madisha       Mrs NB Nomvula Maswanganyi       Mr T Thabo Mokgatlha
     Ms NC Nompumelelo Madonda   Mr K Kganki Matabane             Mr GM Gabriel Mokgoko
     Mr PJ Phila Madondo         Mr RHS Rathata Matabane          Mr N Nthimotse Mokhesi
     Mrs MB Motsehoa Madumise    Mr N Nosipo Matanzima            Ms L Lebohang Mokhesi
     Mr MC Motabo Maduna         Mrs MM Morongoe Matela           Mr SE Sobi Mokholo
     Ms K Kesebone Maema         Mr MH Mbendeni Mathe             Mr ML Madimetsa Mokoatlo
     Mr M Malinda Mafela         Mr ENJ Erasmus Mathe             Mr B Boitelo Molapo
     Mr M Mpilo Mafu             Mr PS Petrus Mathebula           Mr D.S David Molapo
     Mr V Virendra Magan         Mr SJ Shaniseka Mathebula        Mr CW Chrtstiaan Molcer
     Mr P Peter Mageza           Ms ZB Ziphozethu Mathenjwa       Mrs SP Stephina Molefi
     Mrs TD Tabea Magodielo      Mr PT Phinias Mathews            Mr NC Nsizwa Molepo
     Ms CS Coretta Magongoa      Mr CDG Christopher Mathias       Mr IM Isaac Molibeli
     Mr MT Maurice Magugumela    Dr J Joseph Matjila              Dr BOS Bojobi Moloabi
     Mr J Jeethan Maharaj        Mr N Ntise Matlhoko              Mr ME Modibedi Moloi
     Mr S Suren Maharaj          Mr TH Themba Matsane             Mr JK Joseph Moloto
     Mr S Shaneel Maharaj        Mr MP Mooketsi Matsepe           Mr PP Pitsi Moloto
     Mr N Nischal Maharajh       Mr D Duncan Matshoba             Mr A Albert Monk
     Mr S Sandile Mahlaba        Mr NR Nkhangweni Matsila         Ms PM Patricia Monteiro
     Mr V Vusumuzi Mahlangu      Mr ML Motlatsi Matsoso           Mrs J Jayshyree Moodley
     Ms SYU Siphokazi Mahlangu   Mr G George Matthee              Mrs L Lanushar Moodley
     Mrs D Dephney Mahosi        Mr MJH Marthinus Matthyser       Ms K Komilla Moodley
     Mr AMR Andrew Mahosi        Mr NG Nkosinathi Matu            Mr B Bruce Moore
     Mrs JM Japhtaline Maisela   Mr D.N Darius Maweni             Mr S Sanjay Moothiram
     Mr WSM Wilfrgo Majola       Mr S Siyabonga Mbarywa           Mrs JA Jacquilin Moreau
     Mr M Mongezi Makhalima      Ms NP Nombeko Mbava              Ms JWG Jean Morgan
     Mr SC Sihle Makhaza         Mr N Nigel McClure               Mr NP Nikolai Moroff
     Mrs PL Precious Makhaza     Ms C.L Cheryl McCree             Dr CN Chester Morris
     Mr P Patrick Makhubela      Mr PJ Patrick McDonald           Ms NC Nolene Morris
     Mr PB Bassy Makwane         Mrs SA Susan McDonald            Mr R Ranthoyakgale Morule
     Mr L Leonard Makwinja       Mr K Kevin McGill                Ms AK Alma Moses
     Mr JP Jacob Malatse         Mr N Neville McIntyre            Ms KPE Khomotso Mosoane
     Mr MM Mpho Malie            Mr G Graeme McKellar             Mr WJ Willem Mostert
     Ms BKA Barati Malinga       Mr J James McKenzie              Mr EM Ezekiel Mothamaha
     Mr S Sello Malomane         Mr PS Peter McLaren-Kennedy      Mr R Retselisitsoe Motlojoa
     Mr PM Phillip Mamabolo      Mr JD James McLuckie             Ms Z.A Zeona Motshabi
     Mr SM Samson Mamabolo       Mr S Sifiso Mdakane              Ms MJ Mmabarwa Motshegwa
     Ms GT Gloria Mamba          Mr ZR Zwilenkosi Mdletshe        Mrs OY Orateng Motsoai
     Mr KI Khutso Mampeule       Mr F. Friedel Meisenholl         Mr JM Josias Motsoeneng
     Dr PM Percy Mangoaela       Mr SN Stanley Melnick            Mr PA Pule Motsoetla
     Mr A Abel Mangolele         Mr SB Scott Melville             Ms VV Victoria Moya
     Mr E Elais Manoka           Mr RF Rodger Metelerkamp         Ms MN Margaret Nontwanazana Moyake
     Ms PT Priscilla Mantashe    Mr JW John Meyer                 Mr M Michael Mpanza
     Mr GMB Gundo Manyatshe      Mr SD Stephen Meyer              Mr MP Molotsi Mpatsa
     Dr SW Shephard Maphisa      Mr LW Lukas Meyer                Mrs LS Lorraine Mphahlele
     Mr DN Dumisani Maphumulo    Mrs BJ Babalwa Mgolombane        Mr VV Victor Mrawu
     Ms B Belinda Mapongwana     Ms NE Nokuke Mhlambe             Ms N Nompumelelo Msezane
     Mr T Thabiso Maponyane      Mr IA Ian Middleton              Mr RP Ramoleke Msiza-Masuku
     Mr R Rodney Marais          Mr G George Mienie               Ms DJMS Dudu Msomi
     Dr CF Charles Marais        Mr AT Anton Mitchell             Ms LV Lindiwe Mthayise
     Mr PD Paul Marais           Mr BP Bonginkosi Mkhize          Mr C Charles Mthembu
     Mr AA Andrew Maren          Mr F Faisal Mkhize               Mrs T Thokozile Mthembu
     Mr AWN Andrew Marinos       Mr SR Sello Mkhondo              Mr JM Justin Mthembu
     Ms C Chandrika Marrie       Mr PM Papa Mkwane                Mr SV Solomon Mthembu
     Mr R Risenga Maruma         Dr V Vuyo Mlokoti                Mr S Sandile Mthiyane
     Ms S Sizakele Marutlulle    Mr S Siyabonga Mngoma            Mrs M Morgandree Mudaliyar-
     Prof B Benjamin Marx        Mrs S Simangele Mngomezulu       Sheopardshad
     Mr L Lucas Maseko           Mr TC Tebogo Modipane            Mr DI David Muir
     Ms N Nokuthula Maseko       Mr H Hugh Moffat                 Ms J Jena Mukina

                                                                                New Members

     Mr NJ Nicolaas Muller          Mrs WM Wilhemina Nyamane           Mr D Devanand Pramjeeth
     Mr SH Stephan Muller           Mr JA Jini Nzima                   Mr PE Peter Prentice
     Mr A Alexander Munro           Mr TD Thomas O’Connell             Mrs RH Rebecca Pretorius
     Mr DD Daniel Munslow           Mr PL Pieter O’dendaal             Ms SJ Samantha Preuss
     Mr GT Guy Murray               Mr P Paul O’Riordan                Mrs E Elva Price
     Mr CB Chadamwari Mutambara     Mr L Lincoln O’Shea                Mrs J Jeanne Prinsloo
     Mr LR Lekitlane Mutsi          Adv W Wentzel Oaker                Mr RK Reetsang Pule
     Mr JA Joseph Mutungama         Mrs F Ferose Oaten                 Mr RP Refiloe Pule
     Mr R T Reginald Muzariri       Mr B Bernard Obehofer              Mr WJ Willem Punt
     Mr DC Daniel Myburgh           Mr SR Stephen Olckers              Ms S Sjaneen Pyper
     Mr SM Stephen Mylrea           Mr P Philip Oliver                 Mr LRR Luke Quinn
     Mr PS Preakant Nagin           Mr MJ Michael Olivier              Mr T Thamsanqa Radebe
     Dr AGV Arulsivanathan Naidoo   Mr J Johan Olivier                 Ms S Safeea Rahiman
     Mr R Ravindren Naidoo          Mr AW Andre Olivier                Mr TM Thomas Rakale
     Mr R. Ram Naidoo               Mr W Warren Olsen                  Adv JM Josephine Ralefatane
     Mr SV Sivalingum Naidoo        Mr PD Pieter Oosthuizen            Mr OML Orapeceg Ramagaga
     Ms LS Loshni Naidoo            Dr JH Jacobus Oosthuizen           Ms R Renusha Raman
     Mrs T Thiroshnee Naidoo        Mr J.J Jacobus Oosthuysen          Mr RM Robert Ramasodi
     Mr A Anandthan Naidoo          Mr RO Robert Opini                 Dr N Narissa Ramdhani
     Mr S Savendra Naidoo           Mr JP Johannes Opperman            Mrs N Nonhlanhla Ramikosi
     Mr K Kevin Naidoo              Ms WL Wendy Ovens                  Mr S. Sherwin Ramlall
     Mr C Christopher Naidoo        Mr A Anton Paich                   Ms E Eureka Ramnath
     Mr J Jayson Naidoo             Dr M Mani Palani                   Mr SM Shadrack Ramosa
     Mr D Dayalan Naidu             Mrs B Bulelwa Paledi               Mr JT Jeffrey Ramovha
     Mr L Lerako Naphtaly           Mr Z Zamiwonga Pambuka             Mr DJ David Randles
     Mr A Abel Naphtaly             Mr B Bajith Panday                 Ms K Khabonina Raphoto
     Mrs AM Albertina Naphtaly      Mr JC Jacobus Pansegrouw           Mr M Matodzi Ratshimbilani
     Mr M. Muhammad Nathie          Mr AC Andre Parker                 Mrs L Lerato Ratsoma
     Mr JJ Jean Naude               Mr R Richard Parker                Mr R Isack Rawoot
     Ms E Estelle Naude             Mr GM Gary Parker-Nance            Mr PD Paul Ray
     Mr M Martin Naude              Mr AT Andrew Parkinson             Ms NI Nalindra Reddy
     Ms T Thandeka Ncube            Mr DP Daniel Parsons               Mr D Dayalan Reddy
     Mr J Joseph Ndala              Mr O. Oresti Patricios             Mr PM Pragalathan Reddy
     Mr M Mande Ndema               Mrs C Catherine Paul               Mr DN Daniel Reichenberg
     Mr EK Elvis Ndlovu             Ms LT Louise Paulsen               Ms C Cynthia Reynders
     Mr SM Shongwe Ndoro            Ms JM Jackie Pearce                Mr CE Christopher Riley
     Mr F Fidzani Nduna             Mr MC Marius Pelser                Mr DJ Dennis Ritter
     Ms J Janine Nel                Mr BJ Bhekamafa Phakathi           Adv RC Raymond Robertson
     Mr WH Willem Nel               Mr RG Ronald Phala                 Mr SV Stuart Robinson
     Ms LM Landiwe Nene             Mr SD Sibusiso Pheza               Mr CJ Colin Robinson
     Mr R Robert Nesengani          Mr WHI Wayne Phillips              Mr BJ Bruce Rodrigues
     Mr G.T Gavin Neunborn          Mr AJ Anthony Phillips             Mr AJ Alvaro Rodrigues
     Mr AM Alpheus Ngapo            Mr SD Stephen Phiri                Mr L Landon Romano
     Ms NU Ntombiyombuso Ngcobo     Mr TA Tshabalala Phofa             Mr DA David Rose
     Mrs LO Linda Nghatsane         Mr L Livhuwani Phume               Mr D Dewald Rossouw
     Ms NA Ntombifuthi Ngidi        Mr WH Wessel Pieters               Mr A Alwin Rottcher
     Ms LN Lindiwe Ngobese          Mr A Andre Pieterse                Mr HD Hanzel Roux
     Dr BS Baldwin Ngubane          Dr GJ Genis Pieterse               Mr PM Phildon Roux
     Ms M Mesela Nhlapo             Mr F Fred Pietersen                Mr JH Jan Roux
     Mr ML Matthew Nicholls         Mr ALD Albert Pike                 Mrs ME Margaret Sacks
     Ms BN Bongiwe Njobe            Mr D Devan Pillay                  Mr S Stephen Sadie
     Ms M Mmamodiane Nkadimeng      Mr GJ Goonaseelan Pillay           Mr A Abubekir Salim
     Dr SV Sipho Nkambule           Mrs V Vaneshree Pillay             Mrs JE Janice Salvado
     Mr SS Solomzi Nko              Mr AC Anthony Pillay               Mr N Nadeem Samad
     Mr MB Mahloko Nkosi            Mr MA Martin Pinard                Mr BG Brent Samson
     Mr GV George Nkosi             Mr JA Juan Pinillos Saer           Ms JA Julie Sanderson
     Ms N Nosizwe Nokwe             Mrs EP Elizabeth Pinnock           Mr KMW Koen Sandra
     Ms J Jane Notten               Mr GM Geoffrey Pinnock             Mrs E Erica Sathian
     Mr SB Sandile Ntanzi           Mr MA Alfred Pitse                 Mr G George Sazeides
     Ms NN Nthabiseng Ntsele        Mr EW Eric Platt                   Mr RM Rolf Schmidt
     Mr BS Bongani Ntshangase       Mr EMC Ettore Poggi                Mrs T Tina Scholtz
     Mrs MJ Mpolai Ntshingila       Mrs SJ Samantha Pokroy Bossenger   Mr WP Wilhelm Scholtz
     Mr MC Mnguni Ntuli             Mr KB Kim Pomario                  Mr JG Johan Schonfeldt
     Mr AR Anil Nundlall            Mrs PA Phyllis Porter              Mr HLF Henry Schreuder
     Mr M Mutshutshu Nxumalo        Mr M Monehela Posholi              Mrs ET Eve Schroenn
     Mr E Edmund Nxumalo            Mr JJ Johannes Potgieter           Ms ML Mantahli Sefo
     Mrs MPP Mokgethoa Nyama        Mr MM Marius Potgieter             Mr TM Tshitego Segaetsho

                                                                                    New Members

     Mr R Roshmeier Segal              Mr DA Desmond Struwig               Mr J Johan van Schalkwyk
     Brig.Gen CD Chandler Sehurutshi   Mr AS Andries Strydom               Mr MCJ Marthinus van Schalkwyk
     Mr JM Jonas Sekhampu              Mr B Benjamin Strydom               Ms R Rentia van Tonder
     Mr MI Mohlouoa Seoe               Mr S Sias Strydom                   Mr JHL Jan Van Vreden
     Mr SP Selaotswe Sepeng            Mr DC Donald Stuart                 Mr F Fancois Van Wyk
     Mr M Mothobi Seseli               Ms J Jennifer Stumbles              Ms LM Liza van Wyk
     Mr TB Tsepang Setipa              Mr MP Matthew Subben                Mr P Paul van Wyk
     Mr TP Tshepo Setlau               Mr D. Dean Subramanian              Ms N Niki van Wyk
     Mr MJ Molefe Setshedi             Title Initials First Name Surname   Mr N Nicolaas van Wyk
     Mr S Siboniso Shabalala           Mr LC Louis Swart                   Mr FW Frederik Van Zyl
     Mrs NR Nomaswazi Shabangu         Ms BJ Beatrix Swart                 Mr FJ Frederik van Zyl
     Ms SPJ Sibongile Shabangu         Mr LP Lourens Swart                 Mr G Govindsamy Veeran
     Mr JM John Shaetonhodi            Mr MG Michael Swatman               Mr KA Kenneth Venn
     Ms M Monica Shale                 Mr R. A Robert Sylvester            Mr CP Christiaan Venter
     Mr F Freddie Shava                Mr J Johan Tait                     Ms E Edith Venter
     Mr FC Fraser Shaw                 Mr MB Magoro Tema                   Mrs G Gerda Venter
     Mrs BD Barbara Shepherd           Mr P Peter Temple                   Mr A Andre Vermeulen
     Dr OC Oscar Shimange              Mr CF Carel Terhoeven               Mrs E Elmarie Verster
     Mrs NL Nyeleti Shirilele          Mr KE Koenehelo Thejane             Mr HS Hycinth Vezi
     Mr TMW Thandukwazi Shongwe        Mrs S Sanet Theron                  Ms M Mary Vilakazi
     Mr V Vusi Sibeko                  Mr J Jason Theunissen               Mr JA Johannes Viljoen
     Mr VB Victor Sibeko               Mrs S Sonette Thiart                Mr WT Wikus Viljoen
     Ms ZA Zilungile Sibisi            Mr M Makgane Thobejane              Mr L Lorenzo Virgili
     Mrs GR Given Sibiya               Ms P Peta Thomas                    Mr RV Riaan Visser
     Mrs PD Priscilla Simelane         Mr W Winston Timmie                 Mr WR Willie Viviers
     Mr D Daniel Sims                  Ms MG Maletsha Tlaletsi             Mr DJJ Daniel Vlok
     Mrs R Ramona Singh                Mrs R Refiloe Tlali                 Mr G Gunter Vogel
     Ms N Nishani Singh                Mr MM Misha Tolksdorff              Mrs C Cindy-Lou Von Pannier
     Mrs T Thobeka Sishuba-Mashego     Mr C Colm Tonge                     Mr R Reynold Von Ronge
     Mrs FP Fikisiwe Sithebe           Ms K Khatija Tootla                 Mr DA Deon Vorster
     Mr XG Xola Sithole                Mrs AJ Amanda Tregoning             Mrs M Muitheri Wahome
     Ms S Siphokazi Sithole            Mr LPT Lepene Tsaagane              Ms ME Magdalena Waldeck
     Mr TI Thulani Sithole             Dr Y Yuchia Tsai                    Mr GRI Gorden Walters
     Ms N Nonzukiso Siyotula           Mr M Michael Tsandilis              Mr AK Anthony Walther
     Mr X Xavier Smith                 Ms T Thato Tsautse                  Mr P Paul Warner
     Ms R Rene Smith                   Mr M Modupe Tsiki                   Mr GG Grant Webb
     Mr J James Smith                  Mrs SJ Susan Turner                 Mr LA Leonard Weincier
     Mr DA Dennis Smith                Mr LD Lodewyk Turvey                Dr M Mark Welman
     Ms CL Charlene Smith              Mr TS Thabo Twala                   Mr J John Wentzel
     Mr F Francois Smith               Mr MA Mogamat Tyer                  Ms AC Aletta Westervelt
     Mr SI Stephen Smith               Mr HJ Heinrich Ueckermann           Mr G Gordon Whitcher
     Mr GR Gregory Smith               Mr D Daryn Utian                    Mrs VS Vanessa White
     Mr MJ Mark Smith                  Mr C Colin Vallis                   Ms SN Siobahn Whitehead
     Mr RD Robert Smith                Mrs S Shereen Vally-kara            Mrs J Julie Wiggins
     Mr RC Roger Snelgar               Mr M Mohamed Valoria                Mr AJ Andrew Wildman
     Mrs S Sharon Snell                Mr PF Petrus van Den Steen          Mr MA Mark Williams
     Mr J. Jaco Snyman                 Mr A Antonius van der Hoek          Mr MAR Mark-Anthony Williams
     Ms M Mala Somaru                  Mr FF Frederick Van der Linde       Mr A Anthony Williamson
     Mr VM Victor Songelwa             Mr HW Henry Van der Merwe           Mr JS James Wilson
     Mr M Minal Soni                   Mr J Johannes Van der Merwe         Mr PD Peter Wolmarans
     Ms C Carrie Soverall              Mr JA Jan van Der Schyff            Dr GG Gustaaf Wolvaardt
     Mr PE Preston Speckmann           Mrs P Phia Van Der Spuy             Mr T Tim Wood
     Mr PH Philip Spies                Mrs SD Sandra van Esch              Mrs LL Liesel Worthmann
     Mrs S Sarah Spolander             Ms DM Dalia van Gaalen              Mr W Mark Wynn
     Mr RB Robert Spoon                Mr HS Hendrik Van Gaas              Mr MK Mncedisi Xego
     Dr AG Anthony Stacey              Mr A Alwyn van Gensen               Mr A Andrew Zondi
     Mr S Sean Stanton                 Mr AL Adrian van Heerden            Mr MW Mbuso Zungu
     Ms H.M Helen Starke               Mrs MC Melanie Van Heerden          Mr LF Lindokuhle Zungu
     Mr JH Jacob Steenkamp             Mrs K Karen van Helsdingen          Mr NB Moses Zungu
     Mrs LA Lanice Steward             Mrs BA Bernice van Leeuwen
     Dr JL Johannes Steyn              Mr D Dirk Van Niekerk
     Mr BC Bheke Stofile               Ms AL Adri Van Niekerk
     Mr A Aivery Stokes                Mr JC Johannes Van Reenen
     Mr SJ Salomon Stols               Mr M Martin van Rensburg
     Mr M Monde Stratu                 Mr AJ Andries Van Rooyen
     Mr HC Heremias Strauss            Mr AR Allan Van Ryn
     Mrs EP Elizabeth Stroebel         Mr MA Marcel Van Schadewijk

                                                                                                        To Diarise

     Events To Diarise in the 1st Quarter 2010

        29      January    GAI launch breakfast
        10      February   Ali Bacher Breakfast
        25      February   Governance Breakfast
        15      April      New Members Cocktail

        Western Cape
        28      January    Opportunity in Adversity

     Director Development Programmes to diarise in the
     1st Quarter 2010

        11      January    Being a Director Alumni Update
        12      January    Being a Director Alumni Update - Fully Booked
        13      January    Being a Director Alumni Update - Fully Booked
        14      January    Being a Director - Part 1: A practical approach to implementing Corporate

        15      January    Being a Director - Part 2: Increasing Board Effectiveness and Adding Value
        18-22   January    Accelerated Directorship Programme ADP
        25      January    Being a Director Alumni Update
        27      January    IoD Insights to King III
        3       February   Being a Director Alumni Update
        3-4     February   Secrets to being an effective Company Secretary
        4       February   Being a Director - Part 3: Director’s Role in Risk and Strategy
        11      February   Insights to Companies Act, 2008
        17      February   IoD Insights to King III

        28      January    Finance for Directors
        11      March      Being a Director Alumni Update

        Eastern Cape
        3       February   IoD Insights to King III
        18      March      Being a Director Alumni Update

        Western Cape
        4       February   IoD Insights to King III
        4       February   Finance for Directors

     PR and Advertising. The Power Couple

          Directors who want to grow their brands with tight budgets should look to public relations to do more of the work. In
          conjunction with grassroots promotions, PR, events and multimedia marketing are the most effective tools your marketing
          teams can use.

                                                      In fact, your marketing and communications teams should be demanding big ideas
                                                      that engage with your consumers – in multi-dimensional ways. The era of forcing a
                                                      message onto the consumer is long gone. This where PR is so effective.

                                                      PR that integrates with your above- and below-the-line campaigns will get the best
                                                      results. And will ensure you get a hearty ROI from your communications budget.

                                                      PR supports your above-the-line comms in two ways,

                                                      Firstly, it is a highly effective preface to your advertising. If you’re introducing a new
                                                      brand, a brand extension, news about an existing brand or a even launching a new
                                                      campaign about your brand, then PR should always be included in the mix to add
                                                      credibility to your above-the-line messages. Then allow the advertising to sustain
     Desiree Gullan
                                                      its growth.

           Secondly, PR is successful in backing-up your advertising. Post launch, you still have to provide solid information about brands,
           upon which consumers can make rational buying decisions and PR is highly effective in getting a trusted expert – a journalist
          – to explain what your brand is all about.

          The most effective brand communications work together to nurture relationships between your existing consumers and
          strike up a new relationship with potential consumers. Such relationships will result when your communications and their
          core ideas –transcend individual mediums. What’s important is that they all work together in a brand-centric™ manner to
          give a unified message to your target audience or any sector of your stakeholders.

          Here are some reminders of the foundations of PR’s success,

          1. Media coverage increases credibility
          Paid advertising increases your brand’s awareness and your target market’s recognition, while media publicity increases
          credibility. When your target market reads a story about the excellence of your brand online, in the press or hears about it on
          the radio, they are much more likely to have a positive reaction to your advertising and your brand.

          2. Media coverage helps you attract “quality” prospects
          As Public Relations increases credibility, it helps you attract those who want the best. When people have heard of your brand and
          have a favourable impression of it, it is easier to attract and hold their attention while you communicate your brand messaging.

          3. Media coverage turns your brand into a player
          Editorial coverage in important publications or broadcast mediums will enhance your brand’s credibility and position it as a player.

          4. PR gets a better ROI on your marketing budget
          Your PR practitioner should get you more added value from the media in which you are placing your advertising spend. Also, a
          professional and highly networked team should syndicate newsworthy releases – written to the highest quality and relevant
          to the specific medium and their readers.

           Growing your brand requires multiple solutions. No one medium can do it all. PR is a powerful tool – especially in collaboration
           with other mediums – in pre-empting and supporting your messaging to ensure greater reach and greater results.
     Reckless trading - personal liability for directors

        If you are a director of a company, what happens if it trades recklessly or fraudulently? Can you be held personally liable
        for the debts of a company? In Saincic and Others v Industro-Clean (Pty) Ltd and Another 2009 (1) SA 538 (SCA) the court
        looked at this issue and found that a causal link need not exist between the offending conduct and debts incurred as
        a result of the offending conduct (though the absence of a link may save the director from liability). Section 424 of the
        Companies Act, 1973 is wide enough to cover a declaration of personal liability for debts incurred after the period when
        the offending conduct took place if the debts replaced those incurred when the offending conduct took place.

        Section 424 of the Act provides for personal liability of any person who is knowingly a party to the carrying on of the
        business of a company in a reckless or fraudulent manner.

        The object of the section is not to create joint and several liability between the delinquent director and the company in
        the interest of creditors. If the company cannot pay the creditors, the creditors are entitled to claim from the director
        without having to place the company into liquidation. Nor does the creditor have to first exhaust the assets of the
        company before proceeding against the director. All that is required is that there should be evidence of the company’s
        inability to pay its debts and reckless or fraudulent conduct.

                                                                      This principle will still exist in terms of the new Companies Act,
                                                                      2008. A director will not be able to escape liability due to the
                                                                      excuse of non-involvement with the board’s decision or with
                                                                      the actions of a company. However, the potential liability
                                                                      of a director is amplified with the new Act. A director may
                                                                      be declared delinquent or placed under probation if he/she
        grossly abuses the position of director, takes personal advantage of an opportunity that should be an opportunity for the
        company or intentionally or by gross negligence inflicts harm upon the company. Section 76 of the new Act sets out the
        standards of a director’s conduct. A director is expected to exercise his/her function in good faith, for proper purposes, in
        the best interests of the company and with the degree of care, skill and diligence expected of a person in such a position.
        In order not to be personally liable a director will have to show the above and that he/she took reasonably diligent steps
        to become informed of a company’s activities and actions and made or supported the decision believing that it was in
        the best interests of the company or that he or she voted on the advice of a competent committee, employee or external
        professional adviser.

        A director may in terms of section 77 be held liable for any loss, damages or costs sustained by the company as a result
        of the director’s fault. The liability of a person in terms of this section is joint and several with any other person who is or
        may be held liable for the act.

        Proceedings against the director must be commenced within three years after the act or omission that gives rise to that liability.
        The director may also be ordered by a court to pay the costs of the other parties to the court proceedings and to restore
        to the company any amount improperly paid by the company as a consequence of the blameworthy act.

        A court may relieve a director wholly or partly from liability if the court finds that the director
        acted honestly and reasonably, provided the director is not guilty of wilful misconduct or wilful
        breach of trust.

        The days of the passive director will be over. Individuals must realise that acceptance of a directorship can lead to personal
        liability if responsibilities are not diligently undertaken.

     Key Contacts

        National Office – Johannesburg            Western Cape Branch – Cape Town
        PO Box 908, Parklands 2121                PO Box 300, Constantia 7848
        Tel (011) 430 9900, Fax (011) 444 7907    Tel (021) 715 3757, Fax (021) 715 3762
        iodsa@iodsa.co.za                         iodwestcape@iodsa.co.za

        Eastern Cape Branch – East London         KwaZulu-Natal Branch – Durban
        PO Box 313, East London 5200              PO Box 50661, Musgrave 4062
        Tel (043) 726 9898, Fax (043) 726 9899    Tel (031) 266 5196, Fax (031) 266 5196
        tbalshaw@gtec.co.za                       iodkzn@iodsa.co.za

        Chief Executive                           Finance
        Lindie Engelbrecht- lindie@iodsa.co.za    Angela Steyn - angelas@iodsa.co.za
                                                  Daleen Henning - daleenh@iodsa.co.za
        Board Advisory Services
        Lebo Botolo - lebob@iodsa.co.za           Marketing & Public Relations
                                                  Michelle Blundell - michelleb@iodsa.co.za
        Centre for Corporate Governance
        Ansie Ramalho - ansier@iodsa.co.za        Events & Administration
        Natasha Bouwman – natashab@iodsa.co.za    Samantha Taylor - samt@iodsa.co.za

        Chief Operating Officer                   Regional Chairpersons
        Angela Oosthuizen - angelao@iodsa.co.za   KwaZulu-Natal: Don McArthur - dmcarthur@deloitte.co.za
                                                  Eastern Cape: Tony Balshaw - tbalshaw@gtec.co.za
        Director Development                      Western Cape: Barrie Jack - barrie.jack@ananzi.co.za
        Portia Gumede - portiag@iodsa.co.za

        National Office Support

        Director Development                      Office Support
        Vuyo Machimana - vuyom@iodsa.co.za        Phumzile Matukane - phumzilem@iodsa.co.za
        Director Development                      Office Support
        Thilomi Govender – thilomig@iodsa.co.za   Claudia Nekatambe - claudian@iodsa.co.za
        Finance Assistance                        Production
        Joel Banda - joelb@iodsa.co.za            Johannes Sangweni - johanness@iodsa.co.za
        Frontline                                 Training Centre
        Carl Crawford - carlc@iodsa.co.za         Octavia Lengoati - octavial@iodsa.co.za
        KZN Secretariat                           W Cape Secretariat
        Fiona Trevethan - iodkzn@iodsa.co.za      Jill Britt - iodwestcape@iodsa.co.za
        Membership Support
        Albert Wadi - albertw@iodsa.co.za


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