The Take Off with Bongani Mtolo and Nonala Tose

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Entrepreneurs rise this is your chance if you would like to take part send us a message with your name to 060 584 2250 , we will get in touch.

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First Thing is First | In a victory judgment for “Please Call Me” (PCM) inventor Nkosana Makate yesterday, the Gauteng High Court, Pretoria found he was shortchanged by Vodacom and that the cellphone giant must go back to the drawing board to come up with a suitable amount.

• The court gave Vodacom’s CEO Shameel Joosub one month in which to recalculate what is owed to Makate, using the guidelines issued by the court.
• Judge Wendy Hughes made it clear that the calculations used by Joosub earlier in offering Makate R47 million, for what the judge called a brilliant invention, was by far too conservative and he is entitled to at least   5% of total voice revenue generated by his invention.
• The North Gauteng High Court in Pretoria also ordered that Makate is entitled to 27% of the revenue generated by the return of calls sent through the Please Call Me platform
• The Please Call Me service, which was launched in February 2001, allowed Vodacom subscribers to send a 'Please Call Me' text message free of charge to another user on the same network. Makate had in previous court hearings stated that the Please Call Me system, which he invented while employed by Vodacom, had earned the company about R70 billion in revenue.
• Makate and Vodacom have been involved in the protracted court battle over payment for the concept since 2008. 

Guest: Nkosana Makate, Please Call Me inventor

#TheTakeOffInterview | #TeenagePregnacy Pregnancies among adolescent girls remain a global problem. An estimated 21 million girls aged 15–19 years in developing countries become pregnant and about 12 million of them give birth every year.

• Even before the pandemic, in South Africa, 16% of young women aged 15-19 had begun childbearing. The figure ranges between 11% in urban areas and 19% in rural areas.
• In 2019, nearly 130,000 babies were delivered to girls aged 10 to 19 in public health facilities in South Africa which further increased to an additional 136,386 babies in 2020. The country has recorded an unacceptably high rate of teenage pregnancies in just the first quarter of 2021, with more than 36,000 babies delivered to girls of the same age group (already marking one-third of the annual average – 30.47%).

 Guest: Marumo Sekgobela, Save the Children South Africa

First Thing is First | If you knowingly or unknowingly spend money that was mistakenly deposited into your account,  have you committed a crime? Is it possible to avoid prosecution if you spend the money knowingly? What would be the valid acceptable reasons for avoiding prosecution ? Walter Sisulu University student Sibongile Mani, who received R14 million into her student account from the National Student Financial Aid Scheme (SFAS), has been found guilty of theft by the East London Regional Court.

The former accounting student was accused of theft after spending R818,000 of the money.

• Mani was only entitled to receive R1,400 and had received the money in error.
• The former student activist spent the money on various items including alcohol, cigarettes, electrical appliances, bedding, toys, and gift cards.
• The court dismissed Mani's version that she had no intention to deprive NSFAS of its money and that she had no knowledge of the specification of the loan agreement she had with NSFAS.  
• She was only entitled to a R1 400 food allowance and was accused of failing to report when R14 million was instead credited to her erroneously. She chose to embark on a spending spree. 
• She is accused of failing to report the error and embarked on a spending spree, blowing more than R800 000 in 73 days.

Guest: Bruce Hendricks the managing director of Hendricks Harmse

Attorneys a Cape Town law firm specializing in criminal law

#BusinessMeetsPleasure|

Entrepreneurs rise this is your chance if you would like to take part send us a message with your name to 060 584 2250 , we will get in touch.

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BusinessMeetsPleasure|

Entrepreneurs rise this is your chance if you would like to take part send us a message with your name to 060 584 2250 , we will get in touch.

We will take 5 calls to determine the winner

Competing Entrepreneurs for today:

Orgasm Adult Shop- An adult store

Song: Marvin Gaye-I want you 

VS

Car Serv Auto Repairs, A car Service Clinic

Song: Bill La Bounty-Livin it up 

Call Number 089 110 2000

WhatsApp 060 584 2250

#BusinessMeetsPleasure|

Entrepreneurs rise this is your chance if you would like to take part send us a message with your name to 060 584 2250 , we will get in touch.

We will take 5 calls to determine the winner

Competing Entrepreneurs for today:

Orgasm Adult Shop- An adult store

Song: Marvin Gaye, Sexual healing

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Niptech Solutions, A technology solutions company

Song: Glen Lewis,  Sunshine MidTempo 2000 

Call Number 089 110 2000

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#BusinessMeetsPleasure|

Entrepreneurs rise this is your chance if you would like to take part send us a message with your name to 060 584 2250 , we will get in touch.

We will take 5 calls to determine the winner

Competing Entrepreneurs for today:

Orgasm Adult Shop- An adult store

Song: Marvin Gaye, Sexual healing

VS

Niptech Solutions, A technology solutions company

Song: Glen Lewis,  Sunshine MidTempo 2000 

Call Number 089 110 2000

WhatsApp 060 584 2250

#MoneyMondays| What’s the difference between a warranty and a guarantee?

As consumers we are spoiled for choice, so how do we know that what we choose is what we get? Often you select a product based on a certain quality of production.  within this framework, the term warranty or guarantee is often used interchangeably. But what exactly is a warranty and how does it differ from a guarantee?

Guest: Gerald Mwandiambira , Award winning CFP® Professional , Speaker and Author

For professional financial planning and wealth creation and management, visit www.askgerald.co.za

Twitter: @AskGeraldCFP

Twitter| @MintDeejay