1 year ago

Opportunity Issue 99

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Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors and looks to provide its readers with first-hand knowledge about South African business. Opportunity also looks to present South African business to international markets that may have interests in investing in South Africa. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

GOVERNANCE Tourism 101

GOVERNANCE Tourism 101 needed to recover from Covid-19 blitzkrieg Hamza Farooqui, founder and CEO of Millat Investments, argues for creating sustainable investment in South Africa. The SAVE OUR BEACH HUTS campaign, run by The Beach Hut Trust, is a public and private collaborative initiative. The objectives are to Preserve, Protect and Promote the Beach Huts, Cape Town’s most iconic structures. To us, they represent opportunity and hope for South Africa. To the world, they represent a reason to travel here. The campaign aims to create employment, restore an icon, promote tourism and generate a Beach Huts-inspired industry that will sustain them indefinitely. The opportunities are endless and we are calling on all businesses to see how they can help support #SaveOurBeachHuts. Credit: A Gorman Photography For South Africa to rebuild its tourism industry amidst the ravaging effects of Covid-19, it will need a “tourism for dummies” approach – ensure the safety of tourists, have a coherent strategy and create an enabling business environment. In other words, let’s get back to basics. There are three things that South Africa’s tourism has going for it: year-round mild climate, welcoming people and authentic cultural diversity. But there are three things that go against it: an absence of safety, a lack of coherence between all tourism role-players and the unwillingness to be open for business on a global scale. All of these cracks need to be addressed if we are to rebuild tourism. It really comes down to government getting the basics right first. It needs to create an environment in which tourism businesses, particularly global brands, can thrive. Make South Africa safe for tourists I hail from an immigrant family who came to these shores seeking a better future. Over the years we have seen the country evolve from the euphoria of 1994 to the urgent need for constructive economic growth. As a family we are deeply committed to playing our part. In many respects, it probably has to do with our history as immigrants, who have fire in their bellies to bring about change and make an impact on their adopted home. However, there have been spurts of xenophobic attacks, the recent riots and embedded racism in our structures. All of these 38 |

FLEET MANAGEMENT Increase fuel efficiency with MyGeotab Jobin Thayilchira explains how fuel FLEET MANAGERS can track fuel using MyGeotab to increase fuel efficiency. Fuel is one of the biggest expenses for many companies. It is an integral part of fleet management, taking up approximately 30% to 40% of the total fleet operating costs. This article discusses the key strategies for increasing fuel efficiency while showcasing fuel tracking features offered through MyGeotab. The following strategies can be considered for ensuring optimised fleet operations: Bigger fuel wins? Compare trends Look at the bigger picture. Ask the following: • What has been our last three months fuel and idling trend? • What’s our aggressive driving and kilometres driven trend? Reducing idling, speeding and mileage will reduce fuel consumption, further reviewing the trend reports can help track progress. Crossreferencing and examining trendlines can be an indicator of whether or not programmes are working. Kilometres driven Considering whether drivers are taking the most efficient routes or whether the fleet is dispatching the most efficient people for the call is a contributor to fuel consumption. Geotab’s solution is ideal for managing kilometres travelled, primarily because you will get full visibility into kilometres and routes taken. Reducing kilometres driven on a daily basis could potentially lead to more customer visits per day, helping you maximise your productivity. How Geotab calculates fuel usage Our calculation: engine reported fuel data, imported fuel data and the GPS-calculated distance travelled. MyGeotab calculates the fuel used during a trip for a vehicle by querying the Device Total Fuel Used Metric from the engine. The fuel economy is then reported as the fuel amount used over the distance travelled with the given fuel (L/100km). How Geotab captures fuel data? Depending on the engine protocol in place, information is broadcast through the electronic control module (ECM) for some vehicles, while others require a request for data. In some cases, fuel must be calculated on our end, using other diagnostics like mass air flow. Tracking fuel usage in MyGeotab Fuel consumption is one of the top areas to target if a company is looking for ways to reduce costs. Money saved on fuel can be redirected to other business areas, such as human resources, operations, marketing, training or product development. The features available on MyGeotab fleet management software use processing power to create various dashboards, reporting on fuel usage and other areas of concern. Fill-Ups report The Fill-Ups report available can point you to unmatched fuel transactions that need further investigation. Telematics device fill-up data can report on imported fuel transactions. Fleets can use their telematics data to validate fuel transactions. A fill-up event is defined as anytime fuel is added to the vehicle. The report will show you a brief summary, including total fuel added and total cost, for the time period you select. Geotab works continuously on fuel data output, to optimise accuracy and support for vehicles. Geotab Africa’s plug-and-play solution makes it easier for you to measure and manage your fuel usage, identify any overconsumption and make an informed decision. | | +27 11 564 5417 | 39

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