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Sage Gives 5 Tips SME Should Consider When Setting Up CSI programme

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For many business builders, corporate social investment or philanthropy is an imperative, writes Joanne van der Walt, Sage Foundation Programme Manager for Africa.

There are many good reasons for businesses to roll out a formal corporate social investment programme, from complying with black economic empowerment (BEE) codes to building employee morale and to simply giving something back to the community.

However, the challenge is to ensure that the funds and time you invest in charity deliver the impact you are expecting.

Here are five tips for rolling out a social investment strategy that is meaningful for your business and for the organisations and communities you work with.

Don’t Let It Be About Compliance Alone
If you’re a busy entrepreneur, you might be tempted to simply donate some money to a charity to get a tax break, build relationships with a client or comply with the BEE code for your sector. However, programmes that make a difference are as much about your time and commitment as they are about your money.

Be strategic in your thinking – look at the resources you have available and how you would like them to make a difference. Decide which causes you are most interested in supporting – if you are a supplier of baby products, visiting local orphanages is a great place to start donating to. Or you might be passionate about education or healthcare, and have expertise that can help non-profit organisations (NPOs) in these sectors.

Once you have done that, you can put together a strategy that outlines what resources you will mobilise, to what end and how you will measure success. This gives us a framework where we can make a real impact.

Focus On Measurable Influence
If you are serious about using your resources to make a difference, try to invest in measurable outcomes. Ask your NPO partners what they could achieve with the time, skills and money you are able to donate, and work with them to reach their goals in a sustainable manner.  It’s easy to write a cheque, but more meaningful to leave a real legacy.

For example, don’t simply donate R5,000 to a community school – work with the principal and teachers to set up a small library and perhaps partner with local organisations to donate books on a regular basis.

This will also be an opportunity for you to ensure that the library is always well-maintained. Rather than donating a computer, make the goal to ensure that the charity’s administrator can use an accounting package and send marketing mailers to donors.

Listen to your NPO partners
Entrepreneurs and businesspeople often step into a charity or a community with preconceptions about how they will help and what their partner should be doing.

They often think that their strategic insights and business skills mean that they should dictate how an NPO conducts its business.

However, it’s best to start by listening. Ask the people in the community or the people who work full-time in the NPO about their problems, their experiences and their approach.

You’ll usually find out that there are good reasons why they do things in a way that seems strange to a businessperson, or that your ideas about where their problems lie are incorrect.  It’s best to approach each engagement in a spirit of humility and partnership.

Get Your Colleagues Involved
Your corporate social investment programmes will deliver the most value to your business and your NPO partners if you get your people involved.

Volunteering makes your colleagues feel good about themselves and proud to be part of your business. It can even help you to retain or attract staff. Millennials, especially want to work for companies that is part of something meaningful.

Be Committed
Effective social engagement is about long-term relationships and commitment. Rather under-promise and over deliver than make commitments you might not to be able to keep.

Many NPOs are badly let down when a company promises them funds or help, then fails to follow through. For example, in some cases, volunteers lose interest before they finish painting the building or planting the garden.

These programmes are not just about Mandela Day or Christmas. They should be long-term investments in helping to make the world a better place. It takes time and sustained effort to make a real difference to the organisations with which you partner.

For us at Sage, we are committed to doing business the right way, by investing and supporting non-profit partners that are helping people reach their true potential.

 


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E-Business

Microsoft to Boost AI Growth with $80Bn Investment

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Microsoft has announced plans to invest $80 billion in the 2025 fiscal year to expand its data centre infrastructure.

Microsoft to Boost AI Growth with $80Bn Investment

The investment will focus on supporting the training of artificial intelligence (AI) models and the deployment of AI and cloud-based applications.

The company disclosed this initiative in a blog post on Friday, emphasising its commitment to advancing AI and cloud technology.

Since OpenAI launched ChatGPT in 2022, investment in AI has surged as businesses across sectors strive to integrate artificial intelligence into their products and services.

AI requires enormous computing power, pushing demand for specialised data centres that enable tech companies to link thousands of chips together in clusters.

Before now, Microsoft has invested billions of dollars to enhance its AI infrastructure, broadening its data centre network.

Analysts project Microsoft’s fiscal 2025 capital expenditure, including capital leases, to reach $84.24 billion, according to Visible Alpha.

The company’s capital expenditure in the first quarter of the fiscal year rose by 5.3% to $20 billion.

As the primary backer of OpenAI, the tech giant is considered a leading player among Big Tech companies in the AI race, owing to its exclusive partnership with the AI chatbot developer.

More than half of Microsoft’s $80 billion investment will be allocated to the United States, Brad Smith, vice chair and president noted in the blog post.

“Today, the United States leads the global AI race due to the investment of private capital and innovations by American companies of all sizes, from dynamic start-ups to well-established enterprises,” Smith remarked.

 

 

 


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NDPC to Impose Heavy Fines on Defaulting Data Processors, Controllers this Year

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Nigeria Data Protection Commission (NDPC) has announced plans to significantly ramp up enforcement and impose substantial fines on data controllers and processors that violate the Nigeria Data Protection Act (NDPA) of 2023.

NDPC to Impose Heavy Fines on Defaulting Data Processors, Controllers this Year

Vincent Olatunji, national commissioner/CEO. NDPC

This was disclosed by Dr Vincent Olatunji, national commissioner/CEO of the Commission, in a video message outlining the Commission’s 2025 agenda, shared on the agency’s social media platforms.

A statement issued by the Communications Division of the Commission on Friday quoted Dr Olatunji as saying that, “For data controllers and processors, there is going to be massive enforcement. We have never really issued any fine, but going forward, you’ll hear us giving heavy penalties.”

He assured Nigerians that their data rights, as guaranteed by the NDPA, will be fully protected, and defaulting data controllers and processors will face strict consequences.

The Commissioner highlighted the NDPC’s extensive engagements with stakeholders across public and private sectors to promote awareness and compliance with the Commission’s mandate.

The efforts, he said, have resulted in the signing of Memorandums of Understanding (MOUs) with key organisations, including the National Insurance Commission (NAICOM), National Lottery Regulatory Commission (NLRC), the Data Privacy Office of Canada, and the Dubai International Financial Centre Authority (DIFC), among others.

Dr Olatunji also shared that the NDPC will advance to the second phase of its Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027) in 2025.

This phase is expected to create job opportunities within Nigeria’s data protection and privacy ecosystem, particularly for young people.

The Commission has been actively training Nigerians in data protection and privacy, creating a pool of globally competitive experts within the data protection sector in 2025.

“There are a lot of data controllers and processors that are looking for people to work with them. Now those that we have trained in 2024, those we have certified, we are going to do more this year to actually launch them to the job market where they can really work with data controllers and processors,” he said.

Additionally, the NDPC will continue nationwide efforts to promote data protection awareness.

The Commission aims to educate citizens about their rights and the importance of data privacy while reminding data controllers and processors of their obligations under the NDP Act.

Dr Olatunji emphasised that these initiatives are part of the broader goal to embed a culture of data protection and privacy in Nigeria.

As part of its international engagement efforts, Nigeria will host the “Network of African Data Protection Authorities Conference” in May 2025, with over 40 nations with existing data protection laws expected to attend.

According to Dr Olatunji, this global event will position Nigeria as a leader in the data protection ecosystem, and bring significant economic benefits to the country.

The NDPC reiterated its commitment to ensuring data protection and privacy become integral to Nigeria’s digital landscape, building trust and fostering economic growth, the statement added.


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NIPOST Reports 275 Percent Revenue Growth in 2024

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Nigeria Postal Service (NIPOST), achieved a 275 percent increase in revenue for the year 2024, according to Tola Odeyemi, postmaster general.

NIPOST Reports 275 Percent Revenue Growth in 2024

At the beginning of the year, NIPOST set an ambitious target of generating N10 billion in revenue.

Although specific figures for the end of the year were not disclosed, the reported increase suggests a significant recovery for the postal service, which had previously faced consistent decline.

Odeyemi, who made the disclosure while listing NIPOST’s achievements for the year recently, attributed the growth to a series of reforms aimed at enhancing service quality and eliminating revenue leakages

The NIPOST boss detailed the steps taken to boost revenue, noting the implementation of Point of Sale (PoS) terminals in high-transaction areas, which has streamlined payment processes and improved customer experience.

She said, “One of the major achievements for us in 2024 has been a 275% increase in revenue from 2023. We achieved this by plugging a lot of the revenue leakages that we have by deploying PoS terminals for payment in our high transaction areas, as well as ensuring that our quality of service goes up.”

Looking ahead, Odeyemi outlined NIPOST’s plans to sustain this growth trajectory.

She said the organisation has embarked on renovations and upgrades of key locations in Abuja, Lagos, and Kaduna, alongside enhancements to the Postal Institute, which is central to the agency’s change management initiatives.

Furthermore, she stated that NIPOST is gearing up for several major developments in 2025, including the rollout of a national addressing system and digital postcode services, specialised logistics for agriculture and healthcare, and a relaunch of its financial services.

“There will be infrastructure upgrades, which will take place across the Federation and there will be an increase in access to government services through your local NIPOST location,” she said.


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