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ISBN: I feel like I just blinked and is already half gone! With each passing year, time seems to speed up — maybe it had a gentler, less frantic trajectory when we measured its passage according to the seasons and not how long it takes for something to download? And yet when I think back on the year, so much has happened. COVID continues to impact our lives and while businesses and individuals are adjusting to the new normal, the growth of socioeconomic and geopolitical tensions have been exacerbated by 3 years of the pandemic.
Russia and Ukraine loom large - with North Korea firing 3 ballistic missiles into the sea for good measure. That was in February — and in May, one of the best pieces of news I received was that our unemployment rate had dropped in Q1. With only a thousand kilometres separating them, Durban and Gqeberha have been pummeled by opposite ends of the climate change extreme events spectrum: flood and drought.
Fittingly, at Davos this year, sustainability, adaptation and mitigation were top of the agenda. Also strengthening the voice from the South, Damon Galgut won the Booker prize for his novel The Promise which I am busy reading and the Gift of the Givers organisation continues to do wonderful humanitarian work across the globe.
Celebrating success is what we do here at Topco Media — and this bumper 17th edition of our flagship publication Standard Bank Top Women Leaders is no exception.
Leila Fourie, CEO of the JSE, graces our front cover and inside we have an abundance of articles, interviews, podcasts, as well as tips and advice celebrating entrepreneurship, empowerment, leadership, tenacity and innovation. One of the great things about being digi-first is that we are able to embed links into our content for your edification and delight and in this edition our podcasts include Shirley Zinn, Vera Songwe, Rolene Strauss, Mariana Santos, Aisha Baker and Mushfiqoh Samodien.
We hope you enjoy the read. BeSafe Gratitude. I too have experienced a devastating loss. I lost my mom to. What is grounding me is the gratitude that I have for the time we did have with her. We want to be the bank, which, across the continent, has the highest number of customers who survive through this time with their businesses intact and their livelihoods intact.
However, more than anything, very close to my heart, is the ability to continue to pay all salaries to secure the livelihoods of our people.
During the pandemic we continued to pay a hundred percent of all salaries. As an organisation, we want to create the highest value for our shareholders. Success is not about the one who has got the highest profit or even the lowest loss. Success, right now, means providing the best support to the people of our continent. In South Africa alone, over 3 million people have lost their jobs.
There are many women out there who have children that do not have access to the Internet and therefore cannot attend on-line school classes. Conversations are now more important than ever.
Some of the conversations we need to have are. How are we going to help each other? How do we help our businesses survive?
How do we make sure that we can get out of this so that we can live, and continue to pay school fees and buy groceries for our children? We also must think beyond survival. We must think about thriving. We need to think about how we start making pivots in our business models to ensure that our business is in fact future ready.
We also need to think about how we prepare the next generation of women and our children to be ready to thrive. I am hoping that we can use this time we are in to redefine leadership. Perhaps we can pivot success and leadership away from wanting more and more and make it more about giving.
We must also start having a conversation which redefines success and leadership for the young women and young men of this country and this continent, so that ultimately humanity can continue to thrive and survive through this time. I believe that ultimately, leadership is giving by creating additional value that will grow our continent. In her latest interview with us, Lindy-Lou talks about courageous leadership during the pandemic, and how South African women who are struggling to survive in these difficult times, can prevail.
Please unpack your role at Standard Bank. What excites you about being a Marketing Executive for the Bank? Being responsible for that transformation and observing its positive impact on communities is rewarding. Financial empowerment is a core enabler of many things, which results in progress and makes dreams possible. In your view, how important is localisation for the South African economy? Localisation is critical for rebuilding and strengthening our local economies.
It shifts economic activity into the hands of many of our small to medium sized enterprises that are currently challenged due to the pandemic. Many South Africans have lost their jobs, unemployment figures are rising, and income levels. These businesses are owned by our neighbours, families and friends, they influence our lives every day, often in infinitesimal but sometimes in grand, immeasurable ways.
Small regional businesses collaborate to create products that serve community needs thereby strengthening community cohesion. This also drives awareness to consumers about products, thereby increasing the customer base. As a bank, we partner with clients to grow and help build their legacy. So, we can do all of their financial management and take that stress away.
From an educational and an assistance point of view, we plan to continue our awareness campaigns. Our digital banking offerings are always being streamlined and refined to enable more contactless transactions. We also provided discretionary relief on credit agreement instalments for up to 3 months for customers unable to earn an income during the prescribed period — April — June Qualifying Standard Bank Business Current account holders and owners of a small business with a turnover of less than Rmillion a year, were offered a day payment holiday on their credit cards, home loans, and vehicle asset finance for the prescribed period — April to June Clients with existing student loans who met the requisite criteria were also offered a payment deferment for the prescribed day period as a relief measure.
Small Enterprise customers with an annual turnover of R20 million and over annually were also offered payment relief for the period April — June In line with our COVID Business and SMME Support initiative, customers in financial distress due to being negatively impacted by COVID lockdown and the resultant slowdown in the economy, were offered a loan linked to the prime interest rate to help cover operating expenses such as salaries, lease agreements, fulfilment of supplier contractual obligations, utilities, etc.
Africa is our home and we drive her growth. What does it mean to you to be a courageous leader in these times? Being a courageous leader means showing up and being conscious of the energy that one transfers. The time to empower is now; people need hope now. We believe that empowering women can accelerate growth in Africa as is evident in our support of initiatives such as the UN Women He4She movement.
We also recognise the positive societal impact made by phenomenal female entrepreneurs by sponsoring initiatives like Top Women, among others. I am also giving talks and mentoring women. What gets you up in the morning? My passion for life and my desire to inspire positive transformation through leading with a purpose. If you had an extra hour in the day, how would you spend it?
I would honestly use it to talk more and take longer walks with my teenage daughter, Lebone. I would force her to talk and remove her headphones; that would be my power hour of quality time with my princess. Do you have a message for the women out there struggling to survive in these difficult times? Each day in my role is never the same as another, which keeps it exciting.
I really enjoy engaging with businesses and understanding how they have achieved and grown as they have. Business owners and entrepreneurs have achieved so much in an extremely challenging environment and I am always fascinated by their stories. As Head of Business Clients at Standard Bank South Africa, I see my role as being incredibly important to not only serve as a leader to the Business Clients team by providing strategic direction and leading the team to achieve our goals, but also to serve as a leader in building our nation.
My job also allows me the opportunity to tackle complex problems with colleagues as well as keep up to date with a dynamic financial services environment, which keeps things stimulating and exciting.
In line with our purpose to grow Africa, I truly believe that the work we do to support businesses and help them grow results in economic growth and positive social outcomes. We recognise the importance of helping female entrepreneurs to start, manage and grow their businesses. There are also plans underway to reach women entrepreneurs and support them with registering their business, opening a bank account, and preparing funding applications in addition to providing other types of support.
We have so many success stories that speak to our mission to become a leading partner for businesses deeply invested in the growth of our clients; and especially our female clients helping them become active participants in and contributors to the economy, creating employment and uplifting the communities they operate within — paving the way for other female entrepreneurs.
For those businesses looking to find alternative ways to network with other businesses and diversify their client base with customers globally, we encourage them to join TradeClub which is our exclusive digital platform that allows one to explore new markets around the world or.
I think this is so true for entrepreneurs. Becoming a business owner is no easy job; you must have a vision for your business and be ambitious enough to realise it. To participate in government procurement processes and supply chain opportunities, women-owned businesses should start by ensuring that their business is procurement ready — do you have all the resources required to successfully get the job done?
Can you demonstrate your ability to deliver on the contract in your application? Standard Bank Enterprise Development runs the Women Empowerment Presidency initiative which is aimed at the development of black women-owned businesses to be procurement ready. Government will ring-fence procurement opportunities that banks are expected to fund to support SMEs and help them build capacity to deliver. We have also recently launched the Basali Southern Sotho name for women Development Programme in August , which is an in-depth skills development programme reaching women that will run for 12 months focusing on design thinking, business management , business process and compliance, legal, financial literacy, digital marketing and sales, and personal mastery as key modules amongst others.
They may find it more difficult to secure investors or raise collateral for loans compared to their male counterparts. These duties make it harder for a woman to dedicate her time towards running a business. We have had to work harder to prove that we deserve a seat at the table and can be taken seriously in our chosen professions and careers.
In my spare time I enjoy spending time with family and friends, reading novels and I try to get a game of golf in every now and then. Venus and Serena Williams — strong female athletes with great success as professional tennis players. Michelle Obama — she is such an inspiring female leader and a true supporter of women supporting women.
And of course, Nelson Mandela, the greatest leader South Africa has ever known.
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Tesla, Inc. Tesla designs and manufactures electric vehicles electric cars and trucks , battery energy storage from home to grid-scale , solar panels and solar roof tiles , and related products and services. Through its subsidiary Tesla Energy , the company develops and is a major installer of photovoltaic systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3. The company's name is a tribute to inventor and electrical engineer Nikola Tesla.
He has served as CEO since According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power.
Tesla began production of its first car model, the Roadster sports car, in The Model 3 is the all-time best-selling plug-in electric car worldwide, and, in June , became the first electric car to sell 1 million units globally. Tesla has been the subject of many lawsuits and controversies arising from statements and acts of CEO Elon Musk and from allegations of creative accounting , whistleblower retaliation, worker rights violations, and unresolved and dangerous technical problems with their products.
The company was incorporated as Tesla Motors, Inc. Ian Wright was Tesla's third employee, joining a few months later. Musk became the chairman of the board of directors and the largest shareholder of Tesla.
Straubel joined Tesla in May as chief technical officer. A lawsuit settlement agreed to by Eberhard and Tesla in September allows all five — Eberhard, Tarpenning, Wright, Musk, and Straubel — to call themselves co-founders.
Musk took an active role within the company and oversaw Roadster product design at a detailed level, but was not deeply involved in day-to-day business operations. Prototypes of Tesla's first car, the Roadster, were officially revealed to the public on July 19, , in Santa Monica, California , at a person invitation-only event held in Barker Hangar at Santa Monica Airport.
Co-founder Marc Tarpenning, who served as the Vice President of Electrical Engineering of the company, also left the company in January Tesla began production of the Roadster in In January , Tesla ceased production of the Roadster, and in June the company launched its second car, the Model S luxury sedan.
Tesla announced the Tesla Autopilot , a driver-assistance system, in In September that year, all Tesla cars started shipping with sensors and software to support the feature, with what would later be called "hardware version 1". That year Tesla also started its philanthropic effort.
Tesla made multiple contributions of solar power to areas recovering from disasters in , in particular installing a solar plus storage system to restore electricity at a hospital in Puerto Rico , following the destruction from Hurricane Maria.
Tesla began selling its fourth vehicle model, the Model 3 sedan, in July It was highly anticipated, which prompted the company to try to speed up production.
By the end of , the production problems had been overcome, and the Model 3 was the world's best selling plug-in electric car for the year. Giga Shanghai was the first automobile factory in China fully owned by a foreign company, and was built in less than six months. In March , Tesla began deliveries of its fifth vehicle model, the Model Y crossover.
Morgan 's Ryan Brinkman, suggested investors exercise caution as Tesla was "dramatically" overvalued. In October , Tesla told Electrek that it had dissolved its public relations PR department with the exception of a few PR managers representing Tesla's European and Asian markets , becoming the first automaker to do so.
Tesla hit its goal of building 0. After 49 days of accepting the digital currency, the company reversed course on May 12, , saying they would no longer take bitcoin due to concerns that "mining" the cryptocurrency was contributing to the consumption of fossil fuels and climate change.
On March 22, , Tesla launched its new car factory outside Berlin, with Chief Executive Elon Musk handing over the first deliveries to customers. Musk said in an email sent to employees that he was reducing salaried headcount by 10 percent because the company had become "overstaffed in many areas", adding that "hourly headcount will increase.
Tesla's first vehicle, the first-generation Tesla Roadster, is no longer sold. Tesla has plans for a second-generation Roadster , a semi-truck , and a pickup called the Cybertruck. The Model S is a five-door liftback sedan. Deliveries began on June 22, The Model S was the best-selling plug-in electric car worldwide for the years and , selling an estimated 50, units in It is offered in 5-, 6- and 7-passenger configurations.
The Model X was developed from the full-sized sedan platform of the Model S. The rear passenger doors open vertically with an articulating "falcon-wing" design. Deliveries started in September The Model 3 is a four-door fastback sedan. Tesla unveiled the Model 3 on March 31, Since March , the Model 3 is the world's best selling electric car in history, and cumulative global sales passed the 1 million milestone in June The Model Y is a compact crossover utility vehicle.
The Model Y is built on a platform that shares many components with the Model 3. The Model Y was unveiled on March 14, A version of the Model Y is also expected to be produced at Giga Berlin once the factory is open.
In a surprise reveal at the end of the event that introduced the Tesla Semi on November 16, , Tesla unveiled the second generation Roadster. The SpaceX Package will include cold air thrusters that will increase the speed even more. Those who made a reservation at the event were allowed a test drive with a driver in the prototype. The Tesla Semi is an all-electric Class 8 semi-trailer truck announced in November Musk confirmed that two variants would be available: one with miles km and one with miles km of range.
A minute charge would provide miles km of range. Musk initially said in that Semi deliveries would start in and be selling , trucks a year, but deliveries were later delayed to and then The Cybertruck is a pickup truck unveiled on November 21, The only discontinued Tesla vehicle model is the original Tesla Roadster.
The Roadster was the first highway legal serial production all-electric car to use lithium-ion battery cells and the first production all-electric car to travel more than miles km per charge. It is also the first production car to be launched into space ; it was carried into a Mars-crossing orbit by a Falcon Heavy rocket test flight on February 6, On July 20, , Musk detailed his new master plan for Tesla.
It includes more affordable cars produced in higher volume, solar roofs, mid-size vehicles, SUVs and pickup trucks, as well as the refinement of autonomous vehicles and the creation of a sharing economy , in which cars can be active while the owner is not using them. Also in , Musk revealed Tesla's intention to produce a car cheaper than the Model 3. In April , Musk announced Tesla's intention to launch an autonomous taxi service by the end of using more than 1 million Tesla vehicles.
Tesla subsidiary Tesla Energy develops, builds, sells and installs solar energy generation systems and battery energy storage products as well as related products and services to residential, commercial and industrial customers. The subsidiary was created by the merger of Tesla's existing battery energy storage products division with SolarCity, a solar energy company that Tesla acquired in Tesla Energy's generation products include solar panels built by other companies for Tesla , the Tesla Solar Roof a solar shingle system and the Tesla Solar Inverter.
Other products include the Powerwall a home energy storage device and the Powerpack and Megapack , which are large-scale energy storage systems. Future services which have been discussed include: Autopilot as a subscription, [] paying for a Wi-Fi hotspot in the car, [] and the "Tesla network" a ride-sharing offering.
In , Tesla began building a network of volt fast-charging Supercharger stations. As of June [update] , Tesla operates 36, Superchargers in 3, stations worldwide [] an average of 9 chargers per station. The Supercharger is a proprietary direct current DC technology that provides up to kilowatts kW of power. Model S and X cars ordered before January 15, , [] and between August 3, , [] and May 26, , [] received free unlimited supercharging.
Model S and X cars ordered between January 15, , and August 3, , got kWh 1, MJ of free Supercharging credits per year, which provides a range of roughly 1, miles per year 1, kilometres per year. In , Tesla launched the " Destination Charging location " network by providing chargers to hotels, restaurants, shopping centers and resorts and other locations where Tesla owners may spend an hour or more to provide on-site vehicle charging at twice the power of a typical home charging station.
Destination chargers are installed free of charge by Tesla-certified contractors; the locations originally were required to provide the electricity at no cost to their customers. Tesla vehicles' software is regularly updated over-the-air when new software and firmware versions are released. This allows the cars to remain up to date and improve after purchase.
Available upgrades include basic Autopilot, Full Self Driving, [] acceleration boost for Model 3 owners , [] and rear-heated seats for Model 3 owners. All Tesla cars come with "Standard Connectivity" which provides navigation using a cellular connection, and the following only over Wi-Fi or Bluetooth : internet browsing, music streaming with a paid subscription , and, when parked, video streaming and " caraoke ". Tesla service strategy is to service its vehicles first through remote diagnosis and repair.
If it is not possible to resolve a problem remotely, customers are referred to a local Tesla-owned service center, or a mobile technician is dispatched. In , Tesla recommended having any Tesla car inspected every 12, miles or once a year, whichever comes first. In early , the manual was changed to say: "your Tesla does not require annual maintenance and regular fluid changes," and instead it recommends periodic servicing of the brake fluid, air conditioning, tires and air filters.
At the time of Tesla's founding in , electric vehicles were very expensive. This would allow them to progressively bring down the cost of batteries, which in turn would allow them to offer cheaper and higher volume cars. The next models, the Model S and Model X, are more affordable but still luxury vehicles. The most recent models, the Model 3 and the Model Y, are priced still lower, and aimed at a higher volume market, [] [] selling over , vehicles each quarter.
Tesla continuously updates the hardware of its cars rather than waiting for a new model year, as opposed to nearly every other car manufacturer. Unlike other automakers, Tesla does not rely on franchised auto dealerships to sell vehicles. Instead, the company directly sells vehicles through its website and a network of company-owned stores.
In these areas, Tesla has locations that it calls galleries that the company says "educate and inform customers about our products, but such locations do not actually transact in the sale of vehicles.
Tesla generally allows its competitors to license its technology, stating that it wants to help its competitors accelerate the world's use of sustainable energy. Tesla develops many components in-house, such as batteries, motors, and software.
Tesla was the first automaker to use batteries containing thousands of small, cylindrical, lithium-ion commodity cells like those used in consumer electronics. The batteries are placed under the vehicle floor. This saves interior and trunk boot space but increases the risk of battery damage by debris or impact see crashes and fires.
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