["HELP SAVE LIVES AND WIN FOUR CARS EASY WAYS TO ENTER ISSUE 3 VOL 23 51 Scan the code alongside | Visit nsri.org.za Contact Dina on 021 430 4703 or [email protected] R800 PER TICKET | Ts & Cs apply. Society Lottery Scheme registered with the National Lotteries Commission (Reg No. 00077\/36) CEO GLOBAL MAGAZINE","IMF APPROVES $3 BILLION BAILOUT FOR GHANA TO REVIVE ECONOMY \u00a0IMF APPROVES $3 BILLION BAILOUT FOR GHANA TO REVIVE ECONOMY: THE\u00a0INTERNATIONAL MONETARY FUND\u00a0(IMF) APPROVED GHANA\u2019S REQUEST FOR A $3 BILLION\u00a0BAILOUT\u00a0TO SUPPORT THE\u00a0DEBT-LADEN WEST AFRICAN NATION\u2019S ECONOMIC RECOVERY, ACCORDING TO PEOPLE FAMILIAR WITH THE MATTER. he West African\u00a0economy\u00a0will 1.7% stronger at 10.8625 per dollar by 4:47 p.m. in\u00a0Accra, Ghana\u2019s capital. The t receive an initial disbursement country\u2019s\u00a0eurobond\u00a0maturing in 2032 rose of about $600 million, two of the 0.6 cents to 40.3 cents on the\u00a0dollar. people said. The IMF\u2019s \u201c$3 Billion Ghana took Executive Board tough economic met to discuss bailout decisions, including approval for to revive increasing\u00a0taxes\u00a0and the program on economy imposing losses on Wednesday and domestic\u00a0investors, to is scheduled secure the package to announce from the IMF. The its decision fund\u2019s backing came later in the day. after the country Spokespeople last week clinched for the\u00a0IMF\u00a0and financial assurances Ghana\u2019s Finance from a bilateral- Ministry declined creditors group to immediately that\u2019s co-chaired comment. by\u00a0China\u00a0and\u00a0France. Ghana\u2019s cedi has become the world\u2019s The three-year\u00a0loan\u00a0will help replenish best performer against the dollar over Ghana\u2019s\u00a0foreignexchange\u00a0reserves, which the past six months as\u00a0investors\u00a0bet have dropped almost 50% from a peak in the nation was on the brink of securing August 2021 as the\u00a0centralbank\u00a0used them the IMF\u00a0funding. The\u00a0currency\u00a0traded to defend the cedi. Continue reading. BYMARK-ANTHONY JOHNSON JIC HOLDINGS CEO 52 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","KENYA LAYS GROUND TO LIFT MINERAL EXPLORATION FREEZE KENYA LAYS GROUND TO LIFT MINERAL EXPLORATION FREEZE: KENYA IS RACING TO FINALISE THE DIGITISATION OF\u00a0DATA\u00a0ON OWNERS OF\u00a0MINERAL\u00a0RIGHTS, LOCATION, THE VALIDITY OF PERMITS AND COMPLIANCE WITH REGULATIONS, INCLUDING PAYMENT OF FEES, TO LAY GROUND FOR PRESIDENT\u00a0WILLIAMRUTO\u00a0TO LIFT THE BAN ON PROSPECTING PERMITS rincipal Secretary for Mining Elijah Dr Ruto, who took over power last September, has pledged to unlock the P Mwangi says a secure mineral potential of the sector and make it a rights system will improve key driver of Kenya\u2019s growth under his regulation of the sector activities, including administration. new\u00a0exploration\u00a0of ores, which has been on ice since November 2019. Besides exploration,\u00a0Kenya\u00a0has not renewed or issued new\u00a0mining\u00a0licences The country, under the previous since 2015 when then Mining minister administration of President\u00a0UhuruKenyatta, Najib Balala revoked the licences of 65 stopped issuing prospecting licences companies, forcing mining firms to operate in 2019 to allow fresh mapping under a gazette notice of\u00a0mineralresources. BY MARK ANTHONY, \u201cWe are working round the clock to see JIC HOLDINGS CEO whether the issue of online [mining] cadastre, geophysical data as well as equipping and modernising the geological laboratory at Madini House are done,\u201d Mwangi told Business Daily. \u201cIf they are done then the\u00a0moratorium\u00a0may be lifted. But, of course, it is the prerogative of the president to lift the moratorium. We may do everything, but that does not make the president lift it.\u201d The three-year-long moratorium has slowed new\u00a0investments\u00a0in the sector, which contributes less than a percentage to the country\u2019s gross domestic product (GDP). CEO GLOBAL MAGAZINE ISSUE 3 VOL 23 53","GHANA\u2019S CEDI BECOMES WORLD BEATER ON IMF BAILOUT APPROVAL WAGERS. IT\u2019S OFFICIAL: GHANA\u2019S CEDI BECOMES WORLD BEATER ON IMF BAILOUT APPROVAL WAGERS: GHANA\u2019S\u00a0CURRENCY\u00a0HAS BECOME THE WORLD\u2019S BEST PERFORMER AGAINST THE\u00a0DOLLAR\u00a0OVER THE PAST SIX MONTHS AS\u00a0INVESTORS\u00a0BET THE NATION IS ON THE BRINK OF SECURING\u00a0INTERNATIONAL MONETARY FUND\u00a0BOARD APPROVAL FOR A $3 BILLION BAILOUT. he\u00a0cedi\u00a0has advanced 33% The cedi strengthened for a fourth day, to t since November, the biggest 10.95 per dollar by 9:57 a.m. in\u00a0Accra. gain among about 150 currencies tracked by\u00a0Bloomberg. Ghana\u2019s \u201cOn the back of positive sentiment dollar\u00a0bonds\u00a0have delivered a strong and if the authorities receive the first performance too, providing investors with tranche of\u00a0funding, the cedi is likely to a return of almost \u201ccountries also see gains in the 12%, more than coming days, to trade the 3.6% average at levels below 10 for emerging and against the dollar, frontier peers in a \u201dsaid Daniel Kavishe, Bloomberg index. an\u00a0Africa\u00a0economist at Rand Merchant Bank, Ghana anticipates need in a note to clients. the disbursement \u201cA similar reaction of \u201cthe first \u201ctrusted seen in other markets tranche of $600 partners\u201d that have received million will come an IMF program immediately\u201d when that has coincided the\u00a0IMF\u00a0board with an immediate meets on disbursement of funds.\u201d Wednesday, Minister of State for Finance Mohammed An IMF spokesperson confirmed a Amin Adam said earlier this week. The next Wednesday board meeting but said the $600 million will follow in November, with lender wouldn\u2019t be able to comment on the remainder to be disbursed in equal amounts to be received until the meeting portions of $350 million every six months, takes place.\u00a0 subject to IMF reviews, he said. BYMARK-ANTHONY JOHNSON, JIC HOLDINGS CEO 54 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","AFRICAN UNITY: RWANDA, KENYA SIGNS NINE COOPERATION AGREEMENTS AFRICAN UNITY: RWANDA, KENYA SIGNS NINE COOPERATION AGREEMENTS - REST OF AFRICA, TAKE NOTE: RWANDA AND KENYA ON TUESDAY, SIGNED NINE AGREEMENTS AIMED AT CREATING FRAMEWORKS FOR COOPERATION IN MUTUAL AREAS OF INTERESTS. his was part of the agenda of It is estimated that there are more than 10,000 Kenyans living in Rwanda. T President William Ruto\u2019s two-day state visit in Rwanda where he Kagame noted that the people of Rwanda held bilateral talks with President Paul and Kenya are also united by a common Kagame and will later be hosted to a state vision for a more stable region. banquet tonight. Ruto said that the signed MoUs in different Six agreements signed by both countries\u2019 sectors will consolidate the relationship Ministers of Foreign Affairs, Dr Vincent between the two countries, present a new Biruta and his counterpart Alfred Mutua momentum and create new impetus for include correctional services, diplomatic the expansion of engagements between training, ICT, health, youth, and cooperative both countries. development. \u201cJust like Rwanda is a gateway for us in In addition, three agreements in education, the Great Lakes Region, we are also aware agriculture, and gender were signed by that #Mombasa is an important port for the each country\u2019s respective ministers. people of Rwanda and creates the synergy between our two economies and we will Rwanda and Kenya have for a long time continue building the network necessary enjoyed cordial bilateral ties across for us to benefit from it,\u201d he added. different sectors of development. Continue reading. Kagame said that the new areas of \u201c Six cooperation will bring people in both agreements countries even closer, with regional signed integration and trade being a big part of by both the equation of private sector growth. countries \u201cWe are happy that Rwanda is home to a large and vibrant Kenyan community, we are grateful for their contributions to our development. I hope that we can leverage this shared interest to equip our youth with the skills and knowledge to innovate and compete.\u201d CEO GLOBAL MAGAZINE ISSUE 3 VOL 23 55","Recession Fears and Earnings Fear of a global recession has been a dominating topic since Given current recession expectations, if the US does the start of 2023 as central banks around the world continue experience an economic downturn, it would likely be similar to to raise rates in their fights against inflation. The possibility the recession experienced during 2001, which was shorter and of recession hangs in the balance and largely depends on shallower than those of 2008 and 2020. the interest rate trajectory, which looks to be abating, but the feared consequences are heavily based on historic experience. Although markets did drop substantially during the 2001 recession, the valuation of the stock market was in bubble For example, since the year 2000, the US has experienced territory. Before the 2001 Dotcom bubble burst, US equities three recessions, of which all were preceded by periods of were heavily over valued; the price to earnings ratio (PE) rising rates. reached a maximum of more than 45 at the top of the market. Consensus estimates currently point toward the US Following the latest earnings season in the US, the current experiencing a recession toward the end of 2023 but predict S&P500 PE ratio is 18.5, much more reasonably valued. that it would be a mild recession. Additionally, earnings for the last financial quarter have exceeded analyst expectations by a comfortable margin. The This is in contrast with the deep recessions experienced figure below shows the difference between actual reported in 2008, during which US GDP growth reached a minimum earnings and analyst expected earnings for each of the S&P of -3.3% year-on-year, or the aftermath of the pandemic 500 companies for the first quarter of 2023. lockdowns in 2020, which shrunk the US economy by 7.7%. 56 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","New Road Capital (Pty) Ltd, is an Authorised Financial Services Provider. FSP License Number 50488 \u201cearnings for the last financial quarter have exceeded analyst expectations On average, earnings were 7% better than forecast, with 77% With the current backdrop of a more reasonably valued of companies beating analyst forecasts\u2014including the large- equity market, coupled with better than estimated earnings cap FAANG members. The implication is that, at least for the performance so far, and considering that the S&P500 is already first quarter of 2023, US businesses have not been affected over 13% below its all-time high\u2014in preparation for one of the by the predicted economic slowdown to the extent that was most anticipated recessions in history\u2014 things may turn out to anticipated. Although not impossible for global markets to be different than expected. fall into another bear market, it is important to consider the underlying data before making conclusions. BY GARRETT NEL, NEW ROAD CAPITAL Disclaimer: New Road Capital (Pty) Ltd, 2017\/650486\/07 and FSP number 50488, is an authorised discretionary financial services provider under the Financial Advisory and Intermediary Services Act (No. 37 of 2002). The information and any opinions displayed herein are of a general nature and do not constitute advice. New Road Capital takes all care to provide current and accurate information as at the date of publication but accepts no liability for errors, omissions or subsequent changes. Any references to data, assumptions, targets, benchmarks or examples are as indicators or illustrations only and are not fixed or guaranteed and clients should not assume any performance or guarantees apply unless such has been explicitly confirmed in writing. Past investment performance is not necessarily indicative of future performance. As clients remain responsible for the investment, product and counterparty risks of their decisions, they should consult with their advisors and independently assess and confirm all material information before taking any action. The NEW ROAD CAPITAL co-named funds (as defined in BN 778 of 2011) are registered under Boutique Collective Investments (RF) (Pty) Ltd (\u201cBCI\u201d), a registered Collective Investment Schemes Management Company in terms of the Collective Investment Schemes Control Act 45 of 2002, supervised by the Financial Sector Conduct Authority (\u2018FSCA\u2019). New Road Capital (Pty) Ltd, is the FSCA approved and appointed investment manager of the co-named CIS funds. Boutique Collective Investments (RF) (Pty) Ltd (\u201cBCI\u201d) is a registered Manager of the Boutique Collective Investments Scheme, approved in terms of the Collective Investments Schemes Control Act, No. 45 of 2002 and is a full member of the Association for Savings and Investment SA. Collective Investment Schemes in securities are generally medium to long term investments. The value of participatory interests may go up or down and past performance is not necessarily an indication of future performance. The Manager does not guarantee the capital or the return of a portfolio. Collective Investments are traded at ruling prices and can engage in borrowing and scrip lending. A schedule of fees, charges and maximum commissions is available on request. BCI reserves the right to close the portfolio to new investors and reopen certain portfolios from time to time in order to manage them more efficiently. Additional information, including application forms, annual or quarterly reports can be obtained from BCI, free of charge. A fund of funds is a portfolio that invests in portfolios of collective investment schemes that levy their own charges, which could result in a higher fee structure. Income funds derive their income from interest-bearing instruments in accordance with Section 100(2) of the Act. The yield is a current yield and is calculated daily. Boutique Collective Investments (RF) Pty Ltd retains full legal responsibility for the third party named portfolio. Performance figures quoted for the portfolios are from Morningstar, as at the date of this document for a lump sum investment, using NAV-NAV with income reinvested and do not take any upfront manager\u2019s charge into account. Income distributions are declared on the ex-dividend date. Actual investment performance will differ based on the initial fees charge applicable, the actual investment date, the date of reinvestment and dividend withholding tax. Annualised return is the weighted average compound growth rate over the period measured. Investments in foreign securities may include additional risks such as potential constraints on liquidity and repatriation of funds, macroeconomic risk, political risk, foreign exchange risk, tax risk, settlement risk as well as potential limitations on the availability of market information. Although reasonable steps have been taken to ensure the validity and accuracy of the information in this document, BCI does not accept any responsibility for any claim, damages, loss or expense, however it arises, out of or in connection with the information in this document, whether by a client, investor or intermediary. This document should not be seen as an offer to purchase any specific product and is not to be construed as advice or guidance in any form whatsoever. Investors are encouraged to obtain independent professional investment and taxation advice before investing with or in any of BCI\/the Manager\u2019s products. CEO GLOBAL MAGAZINE ISSUE 3 VOL 23 57","HELP SAVE LIVES & YOU COULD WIN FOUR CARS 58 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","The NSRI needs your help to keep saving lives. Take a ticket now and support the efforts of our incredible volunteers. There are four cars to be won in total \u2013 the 1st prize winner takes home two cars, the 2nd and 3rd prize winners each take home one car. Tickets are limited so you have an excellent chance of winning. Choose from a variety of payment options at nsri.org.za or scan the code below. Ts & Cs apply. CEO GLOBAL MAGAZINE Society Lottery Scheme registered with the National Lotteries Commission (Reg No. 00077\/36) ISSUE 3 VOL 23 59","PROGRESSING TOWARDS THE AFRICA WE WANT AFCFTA\u2019S ALI: WATCH FOR MORE AFRICAN TRADE THANKS TO\u00a0GUIDED TRADE INITIATIVE: ON YOUR MARK, GET SET, GO! THE RACE IS ON TO GET THE LONG-DELAYED\u00a0AFRICAN CONTINENTAL FREETRADE AREA\u00a0(AFCFTA) FULLY UP AND RUNNING. 60 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","\u201cAfCFTA signatories will phase out tariffs on 90% of goods by 2030 ut the only way to reach this AfCFTA signatories will phase out tariffs on \u201cThe Secretariat developed 90% of goods by 2030 at the latest. They\u2019ll complementary strategies that mix B particular finish line is to wrap get more time to scrap tariffs on 7% of trade policy elements and value up negotiations on rules of goods that are considered sensitive, and chain\u00a0development\u00a0to fast-track the origin\u2014a key step for harmonising rules the remainder will be excluded. conclusion of the negotiation in the areas and determining the nationality of products of automobiles and textiles,\u201d Ali said in that will be traded across\u00a0Africa\u00a0under While at least 46 of the agreement\u2019s an interview. \u201cFurthermore, the ministers the\u00a0AfCFTA. This is important to ensure that 54 members have submitted tariff- responsible for trade recently agreed on only genuine African goods benefit from reduction schedules, they\u2019re still haggling the three protocols under Phase 2 of the tariff concessions and that these goods can over\u00a0textiles\u00a0and motor vehicles\u2014which AfCFTA negotiations: intellectual property actually be traded under the preferential account for about 10% of the rules of origin. rights, investment, and competition policy.\u201d AfCFTA regime. Product-specific rules in these sectors tend to be more restrictive, and their average He also notes that the AfCFTA \u201cis preferential margins are twice the average more than just tariff reductions; it in sectors where product-specific rules enables\u00a0investors\u00a0to have access to that have already been approved. huge market which will attract investment, driven by rules of origin that prioritise Mohamed Ali, Director of Trade in Goods African inputs and value-added goods and Competition at the\u00a0AfCFTA Secretariat, and services. Additionally, guided trade takes a cup-half-full approach to the rules interventions allow us to promote the of origin negotiations, noting that about development of intra-African regional 90% of them have been agreed. And, he value chains in the key strategic areas, says, the Secretariat has come up with a notably automotive, agro-processing, plan to nudge AfCFTA countries over the pharmaceuticals, and transportation\u00a0and finish line. logistics.\u201d CEO GLOBAL MAGAZINE BY MARK-ANTHONY JOHNSON, JIC HOLDINGS CEO ISSUE 3 VOL 23 61","INtheKNOW F1 ABANDONS PLANS TO RETURN TO SOUTH AFRICA F1 ABANDONS PLANS TO RETURN TO SOUTH AFRICA OVER TIES TO RUSSIA: THE MUCH ANTICIPATED RETURN OF THE SOUTH AFRICAN GRAND PRIX TO THE F1 CALENDAR IS OFF BECAUSE OF THE COUNTRY\u2019S RELATIONSHIP WITH RUSSIA.. outh Africa have taken a neutral Ultimately, my ancestors are from there so Had South Africa made it onto the 2024 that\u2019s why it is important for me personally.\u2019 calendar, it would likely have taken the S stance on the #war in #Ukraine place of the Belgian Grand Prix which has and refused to condemn the F1 CEO Stefano Domenicali echoed this been under threat for some time despite its invasion, but over the past month they sentiment, adding that an African race popularity among fans and drivers. have been accused of providing arms to would be their next priority once they had Russia \u2013 claims the country\u2019s President sorted the additions of the Miami and Las But with F1 chiefs determined to have a Cyril Ramaphosa has strongly denied. Vegas Grand Prix. record-breaking 24-race calendar, they will now likely strive to renew its contract for at The situation has put the African nation in And though there have been many difficult least another year. a difficult place politically, a situation F1 financial hurdles to overcome, there was chiefs have recognised and now reportedly confidence that a deal could be struck BY MARK-ANTHONY JOHNSON acted on. soon for the event to be held at the newly renovated Kyalami circuit. \u201cThe situation According to Racing News 365, plans to has put the revive the race that was last held in 1993 The South African Grand Prix was African nation in have been abandoned, news that will no first held back in 1962 and moved doubt disappoint fans who have been to Kyalami five years later where it a difficult place calling for its return for years. remained until the mid-1980s when politically it was removed from the calendar This will include Lewis Hamilton, who has because of Apartheid, before returning repeatedly stated his desire to race in in 1992 only for financial issues to see it Africa, saying back in April 2022: \u2018We\u2019re cancelled just a year later. pretty much on every other continent, so why not? 62 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","CEO GLOBAL 2023 AWARDS SUBMISSION & NOMINATIONS These awards ISSUE 3 VOL 23 63 are about you, your contribution, your influence and not about the organisation you represent COMPLETE ONLINE AT: WWW.CEOGLOBALGROUP.COM \u2022\t Please complete ALL questions in the Entry Form to speed up your route to the list of finalists. \u2022\t All documentation needs to be submitted in order for the entry to be considered. CEO GLOBAL MAGAZINE","AFREXIMBAN LAUNCHES $3 BILLION KENYA PROGRAMME EFRAIM BANK LAUNCHES $3 The financing package will be BILLION KENYA PROGRAMME implemented using several - WHAT YOU SHOULD instruments, including loans, KNOW:\u00a0AFRICAN EXPORT guarantee facilities, trade IMPORT BANK\u00a0(\u201cAFREXIMBANK\u201d OR THE \u201cBANK\u201d) SIGNED A services,\u00a0investment\u00a0banking US$3 BILLION COUNTRY and advisory services. PROGRAMME WITH THE GOVERNMENT OF\u00a0KENYA. Kenya will be the first THE OFFICIAL SIGNING country to access CEREMONY WAS WITNESSED Afreximbank\u2019s recently BY PRESIDENT WILLIAM RUTO introduced Climate AT STATE HOUSE IN\u00a0NAIROBI. Change Adaptation Facility to be implemented he memorandum was as a component of the country programme, with t signed by Kenya\u2019s an US$800 million Kenya Honourable Cabinet Climate Change Adaptation Facility Secretary of the Ministry (KCCAF). This will be directed of National Treasury and towards developing 200 irrigation Economic Planning, Professor schemes under a\u00a0public private Njuguna Ndungu, and the partnership\u00a0framework using President and Chairman structures that are budget and of the Board of Directors sovereign-debt-neutral.\u00a0 of Afreximbank, Professor Benedict Oramah, in the BYMARK-ANTHONY JOHNSON, presence of President William JIC HOLDINGS CEO Ruto. The memorandum establishes a framework for the implementation of the Country Programme for the Republic of Kenya. The three-year Country Programme of up to US$3 billion will support viable\u00a0trade\u00a0and trade- related\u00a0investments\u00a0in Kenya in both the private and public sectors. 64 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","ZIMBABWE TO INTRODUCE GOLD-BACKED DIGITAL CURRENCY This will allow those holding small ZIMBABWE TO INTRODUCE GOLD- amounts of Zimbabwe dollars to BACKED DIGITAL CURRENCY SOON: exchange their money for digital tokens ZIMBABWE WILL SOON INTRODUCE to store value and hedge against currency volatility, the A GOLD-BACKED #DIGITALCURRENCY report said. MEANT TO STABILISE THE LOCAL The tokens will help ensure that those with low UNIT FROM ITS CONTINUED amounts of currency can buy the gold units \u201cso that we DEPRECIATION AGAINST THE leave no one and no place behind,\u201d Mangudya told the DOLLAR, STATE-RUN SUNDAY MAIL Sunday Mail. REPORTED, CITING #CENTRALBANK Last year, the southern African country also introduced GOVERNOR JOHN MANGUDYA. gold coins in bid to mop up excess liquidity and stabilise the local unit. Officially, the local currency Zimbabwe abandoned its currency in 2009, replacing trades at Z$1,000.4 against the dollar but readily it mainly with the #USdollar after an episode of changes hands at Z$1,750 on the streets of the capital. hyperinflation rendered the local money worthless. Mangudya said current exchange rate volatility was The Zimbabwe dollar was reintroduced in 2019 in a bid due to expectations of increased foreign currency to revive the stagnating economy, but the government supply in the market when the tobacco auction season in June decided to make the greenback legal tender started in March, the Sunday Mail reported. again to try and tame rampant price increases. To date, since the start of the auction season, Zimbabwe has exported 54.9 kilograms of tobacco valued at $307 million. During the same period last year, it had shipped 57 million kilograms valued at $295.5 million. \u201cLOCAL CURRENCY TRADES AT Z$1,000.4 BYMARK-ANTHONY JOHNSON, JIC HOLDINGS CEO CEO GLOBAL MAGAZINE ISSUE 3 VOL 23 65","LIFEstyle AN AFFORDABLE LIFES MAHINDRA 66 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","STYLE BRAND CEO GLOBAL MAGAZINE BY CARL WEPENER ISSUE 3 VOL 23 67","hen a new model is For example, some lifestyle factors that I have found the XUV 700 to be one of the could contribute to a unique car model most enjoyable vehicles on a 5\u00a0000km W launched it is usually include: road trip as it just ticks off every box that aimed at a specific target is essential. Powerful, good fuel economy, market. The target markets differ as per the Adventure: If the car is designed for well bult comfortable, modern and manufacturer\u2019s strategies. Mahindra has adventure seekers, then lifestyle factors excellent value for money. launched two models specifically aimed that make it unique could include off-road at the lifestyle sector of the market and capabilities, ruggedness, and durability. Or, The Mahindra Scorpio-N is much more this too has numerous interpretations from it could be touring, long distance travelling rugged than the XUV 700 as it equipped consumers and manufacturers alike. comfort and family friendly interior, for the more hazardous off road lifestyle practicality and compliance to specific traveling over sand, rocks and other Taking the two models in question into needs. Versatility also plays a major role in obstacles without missing a beat. consideration, being the Mahindra XUV 700 this sector. and the Mahindra Scorpio-N. In this case I have travelled 4\u00a0700 kms with the I cannot comment on every vehicle being Both of the Mahindra\u2019s have these unique Scorpio-N doing all of the above and sold as a \u201clifestyle\u201d vehicle, but I can look lifestyle qualities except that they differ in again was pleasantly surprised by its ride at factors that may contribute to a unique purpose based on the lifestyle choice of comfort on and off road, its excellent fuel lifestyle for the two Mahindra models. the buyer. The Mahindra XUV 700 is a jewel consumption averaging 11.9 km per litre. for lifestyle requirements even on gravel The lifestyle factors that could make a car but will not be good doing sand and off Both these Mahindra models are luxurious. model unique can vary depending on the road trips. Both cars are designed for those who value target audience and the purpose of the car. luxury and comfort, which is an essential 68 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","lifestyle factor that make it unique as it Another lifestyle factor that is many Its excellent off-road capabilities: The includes premium materials, advanced times overlooked is sustainability over a Scorpio-N was tested on Klein Tafelberg technology features, and refined styling. prolonged period. Mahindra vehicles have off road track and it showed that it has the already proved this with its current models. ability to handle rough terrains and adverse \u201cFamily-friendly\u201d is an essential part of weather conditions. It features high ground lifestyle: Both the XUV 700 and Scorpio-N Both models are designed for those who clearance, robust suspension system, and are designed for families, and lifestyle value sustainability, and what further make skid plates to protect vital components. factors that make it unique includes it unique include eco-friendly materials, spacious interiors, multiple seating fuel-efficient engines, and advanced The Scorpio has proven its durability and configurations, and advanced safety recycling capabilities.These are general reliability to me through and through. The features. lifestyle factors that contribute to a unique Scorpio=N is built to last and is able to car model or models. The specific lifestyle withstand harsh environments. It is reliable, Although the XUV 700 is a petrol engine factors that make the Mahindra XUV 700 with sturdy construction and high-quality while the Scorpio-N is a diesel engine with as well as the Mahindra Scorpio-N unique. materials. different performance factors, they both excel in performance. Both are designed Let\u2019s take the Mahindra Scorpio-N and Going on a trip, on or off road the Mahindra for driving enthusiasts, look more in depth what makes it unique. Scorpio-N proved to be spacious As mentioned above, Scorpio-N 4x4 SUV and versatile. It has ample space for lifestyle factors that make it unique include is associated with adventure, exploration, passengers, cargo, and equipment. powerful engines, advanced suspension and off-road capabilities. Essential lifestyle It also has flexible seating and cargo systems, and responsive handling on and factors that make the Scorpio-N 4x4 SUV configurations to accommodate a wide off road. vehicle desirable include: range of needs. CEO GLOBAL MAGAZINE ISSUE 3 VOL 23 69","FOLLOWING IS A SHORTENED SPEC SHEETS FOR COMPARISON BETWEEN THE TWO MODELS. Having had the chance to drive most of the Mahindra competitors over the last 4 months I feel qualified to say that both models are great value for money, both in price, quality and standard features that lacks from most of the competitors. THERE ARE THREE MODELS TO CHOOSE FROM: Engin specs 2E.n0gLinTeu\trbo-pet\trol TGDi\t\t\tXwrUitinVg\t700 AX5 \tFrom R 474,999 at time of Power XUV700 AX7 From R 524,999 149 kW @ 5000 rpm XUV700 AX7 L From R 559,999 (Tested Torque 380 Nm @ 1750 rpm model) Standard features for the XUV AX7 L are: I removed the third row of seats to further The Scorpio=N may not be the most Add to that the stunning Skyroof\u2122 enhance its loading capacity without attractive and stylish vehicle, but its robust (panoramic sunroof) and distinct having to hitch a trailer. and strong looks make it desirable for its LED lights and the result is a car purpose and everyday use.. that is as stylish as it is practical and Advanced safety features are essential and technologically advanced. the Scorpio-N is the only ladder frame SUV Overall, the lifestyle factors that make the that scored a 5 in the international NCAP Scorpio-N 4x4 SUV so desirable revolve Here are some of the most prominent tests. Safety is always a priority, especially around its ability to handle challenging XUV700 features and accessories you when driving off-road and the Scorpio-N terrains and situations, while also providing can\u2019t help but love: have advanced safety features, such as comfort, safety, and advanced features. electronic stability control, traction control, Electronic Stability Program and advanced braking systems. THE SECOND NEW \u2022\tWireless Android Auto and Carplay MAHINDRA, being the XUV 700 \u2022\t 10.25\u2033 Dual HD Super screen Add to the above advanced technology \u2022\tADAS \u2013 Front Collision Warning features such as GPS navigation, rearview, (seven zero zero) is as good and lifestyle \u2022\tADAS \u2013 Automatic Emergency Braking side and front cameras, infotainment orientated as its sibling and only lack the \u2022\tADAS \u2013 Lane Keep Assist system that enhance the overall driving 4x4 experience and also the diesel engine. \u2022\tADAS \u2013 Smart Pilot Assist experience, and you have an amazing It is more sophisticated than the Scorpio-N \u2022\t Leatherette Interior 4x4 SUV that makes it so much more but does not stand back in any area except \u2022\t 18\u2033 Diamond Cut Alloy wheels enjoyable and convenient.Stylish and sleek for its serious off road ability. \u2022\t Reverse Camera and Park Assist design is always important but should not \u2022\t7 Airbags 360 Surround View System compromise functionality in the overall Both of the Mahindra models are 7 seaters \u2022\t Blind view Monitoring design of the vehicle. and well equipped. I have found that the \u2022\tWireless Charging value you get for your money is much \u2022\t Continuous Digital Video Recording more than in competitors double the price. \u2022\t Sony Immersive 3D Sound Technology \u2022\t 12 Speakers \u2022\t LED DRL \u2022\t Fog Lamps 70 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","Equipment selected for the vehicle. The Mahindra Scorpio-N is built to Length: 4,662 mm\t Width: 1,917 mm High Beam Assist* conquer any terrain using its 4XPLOR \u2022\t Rear Wiper & defogger intelligent terrain management Height: 1,857 mm (without Ski Rack & Antenna) \u2022\t Latest Generation Electronic Stability technology. With a simple press of Wheelbase: 2,750 mm Program (ESP) the button, this electric shift-on- Fuel tank capacity: 57 litres \u2022\t Cornering Lamp the-fly four-wheel drive system \u2022\t R17 or R18* Diamond Cut Alloy will transform your vehicle from Mahindra Scorpio-N SafetyFeatures \u2022\t LED Clear-view Headlamps with Auto two-wheel drive mode into an Booster unstoppable force that can take on Thanks to its superior engineering, \u2022\t Auto Headlamps just about anything. the\u00a0all-new Scorpio N\u00a0is ready and \u2022\t Rain Sensing Wiper* able to take on any challenge while The Scorpio-N gives you three distinct keeping you safe at all times. No *Model-dependant driving modes, designed to provide matter where your journey takes you, a personalised driving experience the Mahindra Scorpio-N will look Global NCAP \u2018Safer Choice\u2019 Award for depending on your mood. Zip mode after you with several intuitive safety being the safest car in India. is perfect for smooth city rides; Zap features, including the following: brings out the real Mahindra SUV The Mahindra Scorpio-N shortened performance; and Zoom amps it up \u2022\t Electronic Stability Control (ESC) spec sheet is as follows: for an intense thrill ride that\u2019s sure to Scorpio-N Z4 Diesel from R 465,000 leave you feeling exhilarated! \u2022\t Hill Hold Control + Hill Descent Control at time of writing The new Mahindra Scorpio-N is a \u2022\t Driver Drowsiness Detection (DDD) legend in the making and to find out Scorpio-N Z8 4\u00d72 Diesel from R more, please download the brochure. \u2022\t ABS + EBD 510,000 All trim levels, from the base model Scorpio-N Z8 4\u00d74 Diesel from R to the top-spec Mahindra Scorpio-N \u2022\t Parking Sensors 560,000 (Tested model) Z8L, come standard with an attractive Standard features for the Mahindra 5-year\/150,000km warranty and a \u2022\t Front Airbags (Standard) Scorpio-N are as follows: 5-year\/100,000km service plan. \u2022\t Electronic Stability Control (ESC) \u2022\t Front + Side + Curtain Airbags* \u2022\t Hill Hold Control + Hill Descent Control Few SUVs at this price offer the \u2022\tABS + EBD same level of technology, comfort Tyre Pressure Management Systems (TPMS) \u2022\t Rear Parking Sensors and styling as the new Mahindra \u2022\t Front Airbags Scorpio-N. Here are some of the \u2022\t E-call & SOS Switch* \u2022\tTouchscreen Infotainment most prominent\u00a0Mahindra Scorpio-N \u2022\t Steering Remote Controls exterior features and accessories: \u2022\t ISOFIX \/ i-SIZE Compatibility \u2022\t Front + Side + Curtain Airbags \u2022\tAdrenoX Connect, Alexa Built-in Sunroof* Mahindra Scorpio-N Colours \u2022\t Inbuilt Navigation \u2022\tWireless Android Auto + Apple CarPlay \u2022\t Chrome Grille* Set yourself apart from the rest and \u2022\t Rear Camera drive away in style with the option of \u2022\t Rich\u2013Coffee Black Leatherette Interiors \u2022\t Skid Plates 6 beautiful\u00a0colours available for your \u2022\t Push Button Start Mahindra Scorpio-N: \u2022\t Sunroof \u2022\t Signature Dual Barrel Headlights \u2022\t Same as Z8 4\u00d72 Diesel Dazzling Silver\t Everest White\t \u2022\t 4XPLOR \u2013 Intelligent 4\u00d74 System \u2022\t Auto Headlamps + Auto Wiper* Deep Forest\t\t Napoli \u2022\t Mechanical Locking Differential BlackGrand Canyon\t Red Rage \u2022\t Brake Locking Differential \u2022\t Rear Wiper, Washer & Demister The 2023 Scorpio-N model is In both our lifestyle road trips using powered by the impressive mHawk \u2022\t Sting-Like LED Daytime Running the Mahindra models we have had (Diesel) engine connected to a no problems, no aversive or quality 6-speed automatic transmission Lamps* issues or even a single rattle or and optional 4X4. This new Mahindra complaint from our human or four Scorpio-N looks set on redefining \u2022\t Signature Metallic Scorpio-tail Element* legged passengers. the D-segment SUV category and will offer drivers a new age of power, \u2022\t LED Projector Fog Lamps* I personally prefer a five seater for my strength, and adventure. purposes and this is possible in both \u2022\t LED Sequential Turn Indicator models albeit in the Scorpio you need CEO GLOBAL MAGAZINE to physically remove the third row to Engine\tPower\t Torque \u2022\t Ski-rack get a large load area. If I am Mahindra I will consider two things with the new \u2022\t Chrome Door Handles* models. \u2022\t Tall Stacked LED Tail Lamps One, to have a diesel engine available for the Mahindra XUV 700. \u2022\t Rear Spoiler Two, to make the mechanical difflock T\u2022\tyDreiasm* ond Cut R18 Wheels With 255\/60 available for the two-wheel drive Mahindra Scorpio-N. *Model-dependant Mahindra have already shown Mahindra Scorpio-N Dimensions with its Karoo double cabs that the Mahindra products are tough and well The Mahindra Scorpio-N has a built. After doing 9\u00a0700 kms I have commanding presence on the road no reason to believe that it will be with a well-proportioned body and different for the two new models. imposing stance. It\u2019s a big vehicle without being bulky with the following I will welcome any of the new dimensions: Mahindra products into my garage. ISSUE 3 VOL 23 71","LIFEstyle XCELLENCE IN THE FIR BMW X1 The BMW X1 has been a firm favourite in South Africa for some years and this trend is expected to continue with the 2023 model. With its robust appearance and its functional versatility, the new BMW X1 embodies the real experience of freedom and independence that we as South Africans all enjoy. 72 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","RST DEGREE CEO GLOBAL MAGAZINE BY NIKI LOUW, MOBILITY CORRESPONDENT ISSUE 3 VOL 23 73","The 2023 BMW X1 offers interior THE MOST NOTABLE The interior design stands for driving CHANGE IS THAT OF THE pleasure and versatility. Key features T improvements, including more INTERIOR. of this reinterpretation include a slim space for passengers and their dashboard that serves as a stage for luggage, as well as a comprehensive The new X1\u2019s slightly larger exterior BMW\u2019s curved display and a \u201cfloating\u201d upgrade of the infotainment system, and dimensions result in more cabin space. armrest with an integrated control panel, let me just say this, literally everything is Inside the X1 there are five full-size seats ultimately allowing the BMW X1 that extra new, modern and unrecognizable from its and its versatile cargo capacity increases room underneath the centre console predecessor. practicality. contributing to the great versatility of the All-New X1. The All-New BMW X1 is available with The new model offers significantly more both petrol and diesel derivatives, with a standard equipment than its predecessor. The raised seating position, the generous, fully electric vehicle teased for our South versatile space and the feeling for the African soils in the near future. Once likely to be found on high-end latest functionality characterize the driving models, these upgrades are now experience of the new BMW X1, and why Having driven both derivatives I will kick standard on the entry-level model. not add attention to detail into the mix as off to say that the BMW X1 sDrive18d is The standard equipment includes the well. the variant I fell for as it feels similar to the two-zone automatic air conditioning BMW X1 sDrive18i. The diesel sister just has and the multimedia system BMW Live You will definitely find time flying by as that extra \u201coomph\u201d in torque that makes Cockpit Professional Plus, with integrated you appreciate all the fine details in the for a more frugal driving experience, plus navigation. design elements from the taillights to that fuel efficiency as a pairing winner in our of the interior accents, a nice way to spend unpredictable fuel situation throughout the a relaxing Sunday afternoon if I do say so country. myself. 74 VOL 23 ISSUE 3 CEO GLOBAL MAGAZINE","The fully digital BMW Curved Display Constantly increasing prices for new For those looking at getting into one for with state-of-the-art graphics is the focal vehicles have led to a decline in sales of the very first time, it is an excellent choice. point of the new BMW X1. The screens traditional sedan and hatchback models BMW is proud of the old slogan \u201cpure merge into one unit behind a continuous from German premium brands on the driving pleasure\u201d and the BMW X1 fully glass surface which is one of the cleanest South African market. delivers on that promises. transitions we have seen to date. Consumer preferences have shifted from In conclusion the 2023 BMW X1 is an To top off the leap forward both X1 hatchbacks to crossovers and SUVs, upmarket, versatile and practical SUV sDrive18i and sDrive18d are paired as meaning the X1 is likely the BMW model that embodies an authentic experience of standard with a seven-speed dual-clutch most South African new car buyers want both freedom and independence in daily transmission with power delivery directed to buy. driving. The new model offers a much to the front wheels. The BMW X1 sDrive18i broader selection of standard equipment will produce a total peak output of 115kW You might find yourself wondering how compared to what was offered by its and 230Nm where the diesel sister will expensive the All-New BMW X1 is, well, predecessor, making it a great value for produce 110kW and 360Nm. with a price range starting from R760\u00a0000 consumers. as of now in June 2023, I can safely say that Both derivatives have a seamless you get a lot of BMW for your hard earned The X1 is arguably the BMW model most acceleration and by the time you look at Moola. South African new-car buyers hope to your speedometer you might find yourself purchase, and BMW prides itself on its going faster than you intended, and that Taking into consideration the soaring prices time-honoured tagline of \u201cSheer Driving is due to the superior ride comfort of the of vehicles in our current economy, the Pleasure,\u201d which the 2023 BMW X1 delivers. All-New BMW X1. All-New X1 can be considered as good value for money for those looking to stay committed to their luxury German tastes, to well built and state of the art technology. CEO GLOBAL MAGAZINE ISSUE 3 VOL 23 75","WHY ALL AFRICANS SHOULD TAKE THE AFCFTA SERIOUSLY HOW IMPLEMENTATION COMMITTEES ARE MOVING THE AFRICAN FREE TRADE AREA FROM TALKS TO ACTION: A FULLY IMPLEMENTED\u00a0AFRICAN CONTINENTAL FREE TRADE AREA\u00a0WOULD TRANSFORM ECONOMIES, RAISE AFRICAN GROSS DOMESTIC PRODUCT BY 9% AND REDUCE\u00a0POVERTY\u00a0BY 50 MILLION. t could also be a catalyst We will then discuss the role of private sector action to I for further changes and attract investment from support the AfCFTA, following within\u00a0Africa\u00a0and beyond. However, these benefits recent\u00a0WEF\u00a0meetings depend on finalising the\u00a0negotiations, which, compared with and publications on the the case for other\u00a0trade\u00a0agreements, have gained much AfCFTA. There is much momentum \u2013 and, crucially, on the full implementation of all scope for aligned action the provisions and associated instruments. to make a change in implementation this There are roles for both the public and the private sectors. year. We first discuss the role of the African public sector in implementing the\u00a0AfCFTA\u00a0through the formation and Africa\u2019s year of operation of National Implementation Committees (NICs), implementation based on a new AfCFTA\u2013ODI paper. The Assembly of 76 VOL 23 ISSUE 3 the\u00a0African Union\u00a0(AU), the highest governing body, has recognised 2023 as the year of accelerated implementation of the AfCFTA. Also, in line with the decision of the 31st Ordinary Session of the\u00a0AU\u00a0Assembly, held on July 1-2, 2018 in Nouakchott, Mauritania, AU member states committed to set up NICs to facilitate the implementation of the Agreement. A new AfCFTA Secretariat- ODI paper identifies appropriate institutional forms for NICs as well as 10 core functions for such committees to be effective. It also outlines five elements in an AfCFTA template for effective NIC formation and operation. There is much momentum around NICs throughout Africa. Some NICs have been in existence since early on \u2013 from around the time the agreement came into force (e.g. Ghana, Nigeria, C\u00f4te d\u2019Ivoire) \u2013 and have collaborated with the\u00a0privatesector\u00a0to make trade under AfCFTA rules a reality (matchmaking and certification for the Guided Trade Initiative, or GTI, in Ghana), developed monitoring and evaluation systems (Nigeria), or engaged in high-profile public events (C\u00f4te d\u2019Ivoire). Keep reading. BYMARK-ANTHONY JOHNSON, JIC HOLDINGS CEO CEO GLOBAL MAGAZINE","CEO GLOBAL MAGAZINE ISSUE 3 VOL 23 77","Keep your business powered up. Connect & Unlimit your business reach with Core Fibre Lite from R549. Lite R549 Add an Inverter Trolley from only R412 pm. 40\/20MBPS PM X 12 *Image used is only for advertising purposes. The actual product may differ from the image. Pure Uncapped Call 10213 Click Telkombusiness.co.za Go to any Telkom shop Terms and Conditions apply. E&OE. Deals valid while stocks last. Full Ts and Cs can be viewed on www.telkombusiness.co.za."]
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