TOGETHER WITH US ENTERPRISES (PTY) LTD

BUSINESS PROPOSAL

DURATION: INDEFINITE

WORK ABSENTEEISM AND SICK LEAVE INSURANCE PLAN AS WELL AS

UNFORSEEN ILLILITERACY AND UNEMPLOYMENT INSURANCE PLAN

Target Market: Insurance Companies

PREPARED BY

Mr. Zenani France Sibanyoni

E mail: zenanisibanyoni@gmail.com

All Rights Reserved!

 TOGETHER WITH US ENTERPRISES (PTY) LTD

PURPOSE AND RATIONALE OF THE PROPOSAL

The title of the invention shall be Work Absenteeism and Sick Leave
Insurance Plan.

In accordance with statistics work absenteeism costs South African

economy R16 billion a year.

However, Work absenteeism costs SA economy R16bn a year-

Bhekisisa
bhekisisa.org/article/2014-08-12-sa-losing-r16bn-a-year-due-to-absenteeism
1.

Aug 12, 2014 The South African economy loses between R12- to R16-billion a
year as a result ofabsent workers, according to Occupational Care South

In addition, according to statistics sick leave also costs the economy of

South Africa billions in losses.

Sick leave costs SA billions | Fin24

www.fin24.com/Economy/Sick-leave-costs-SA-billions-20130910
1.

2.

Sep 10, 2013 The index also shows that sickness-related absenteeism has
increased fourfold since 2007. The resulting cost to the economy has been

However, the predicament is not only located in South Africa as according

to statistics the United States losses tremendously.

U.S. Workforce Illness Costs $576B Annually From Sick Days To

www.forbes.com//u-s-workforce-illness-costs-576b-annually-from-sick-days-to-wor
1.

2.

Sep 12, 2012 From absenteeism due to illness to the cost of disability and
workers compensation, poor health costs the U.S. economy more than a half
a
 Depression Costs U.S. Workplaces $23 Billion in Absenteeism | Gallup
www.gallup.com/poll/163619/depression-costs-workplaces-billion-absenteeism.aspx
1.

Jul 24, 2013 Furthermore, the cost of absenteeism estimates shown in this
analysis exclude other potential economic costs associated with depression,

All the above statistics are shocking, and what is more astonishing is that
there is no insurance for all these vast losses.

Thus it is important that in the South African and global economy we need
to have Work Absenteeism and Sick Leave Insurance.

It therefore makes sound and feasible economic sense to insure these

extreme losses to the economy.

Rationale

Process- The process is fairly simple because the aforesaid insurance product
could be sold to the insurance giants by the inventor or the inventor can
register with the Financial Services Board in order to operate in accordance
with the law.

In case the inventor sells the aforesaid innovative insurance product, then the
requisite Sale Agreement could be prepared and signed by the parties.

Useful- This is an invention that possesses a specific and significant utility and
would be an integral part of the insurance industry.

The invention would be capable of performing its intended function, as would

be evidenced by successful testing. Utility can also be found in doing
something in a more economical and effective fashion.

This invention would make insurance business fascinating, convenient and

smooth.

It would be novel and lucrative insurance products that would be exciting to the
clients as well as further boost the economy, especially the Gross Domestic
Product (GDP) as it would be introduced globally.
 The protection is also intended to be applicable both in South Africa and
Worldwide.

Client Companies Characteristics

However, our company is 100 % black, and in the event that you work with us that will
increase your BEE and BBBEE credentials as well as scorecard.
Thus this will give our client companies access to national, provincial and local
government work.
The state parastatals like Eskom, SAA, Transnet and so forth are also checking BEE and
BBBEE score cards before giving work to companies.
This professional service is in line with the requirements and stipulations of Broad Based
Black Economic Empowerment (BBBEE).
In other words the client companies would also be in compliance with some of the pillars
of BBBEE like equity, management component as well as Enterprise Development.
The BBBEE does not center around equity ownership only, it also involves a number of
pillars like management component, employment equity, preferential procurement,
enterprise development as well as community initiatives or corporate social
responsibility programmes (CSR).

The relations between the company and the client companies could be regulated by a
joint venture agreement or sale agreement. We are not cast in stone as we will
accommodate any plausible commercial arrangement that could be forwarded.
Our Sibanyoni would be more than capable and equipped to draft the said agreements due
to the qualifications that he commands.
He has matric certificate, B Proc degree, UCT Preferential BEE Certificate, UNISA
Human Resources Certificate and FrontPage Certificate.
In this manner the company and client companies would have the benefit of terms of
reference.

Corporate Social Responsibility Programs

The company will engage in Corporate Social Responsibility to uplift the indigent
communities.

Composition of the work schedule of the company

Our company would undertake the work as depicted in the aforementioned competencies
and responsibilities.
Competent vs. Not yet Competent

The aforesaid professional services rendered by our company would be competent,

efficient and seamless as our aforesaid Sibanyoni has adequate educational tools to
discharge the duties.
However, Sibanyoni has a four year law degree (B Proc), UNISA Human Resources
Management Certificate as well as UCT Preferential BEE Certificate.

Associated Assessment Criteria

- Basic market research is conducted to determine market needs in

relation to own business content;
- Our CSRP activities and goals are appropriately aligned to
identified market needs;
- Progress is determined at regular intervals and corrective action
taken where necessary;
- Personal and business productivity is monitored and enhanced on
an ongoing basis.

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