ANNUAL ROADSHOWS 2018 South Africa - Land of Gold, Platinum and - - PowerPoint PPT Presentation

South Africa - Land of Gold, Platinum and Diamonds….

ANNUAL ROADSHOWS 2018

Proud sponsor

• f the 2018

JCSA Road Shows

2

Agenda

JCSA Presentation Mrs Lorna Lloyd – CEO

• Legislative requirements for Tourists to provide proof of payment and

VAT Refunds to Tourists

• Jewellex Africa 2018
• Jewellers to Participate at Retail / Consumer Shows
• Social Media Marketing Campaign
• Jewellery Council of SA Risk / Security Initiative
• Launch of JCSA Skills Certificate for Skills not Registered

3

Agenda

JCSA Presentation Chris van Rensburg - Chairman

• Consumer Protection Act – Indemnities and Disclaimers
• SA Diamond and Precious Metals Regulator – Proposal –

Empowerment Fund

• The New Mining Charter
• Standards for Valuation Practices
• X-Ray Caratage Testing Metals

4

Legislative Requirements for Tourists – Proof of Payment and VAT Refunds to Tourists

• Legislated that foreign tourists must declare proof of payment for cash

sales exceeding R10 000 – bank statement / ATM receipt.

• Submission made to SARS and National Treasury together with the

Diamond Dealers Club of SA to increase the threshold to USD $10 000. Awaiting meeting date

• VAT Refund pay-outs to tourists taking too long. JCSA to assist – contact

at Tax Refund Office – track claims

5

Jewellex Africa 2018

6

• Saturday, 6th to Monday, 8th October -

SCC

• Exciting line-up - R100 000 cash draw –

to be spent at exhibitor of choice

• Educational Speakers
• Exhibitors to have 5-minute slots in

Speakers Corner

• JCSA Collection Awards to be exhibited

in Metcon Coffee Shop

• Gin and Wine Bar –Tastings and

Cocktails

• Cocktail Function - Michelangelo -

no cost. Cash Bar

2018 Jewellex Sponsorships

7

• Brinks – Lanyards
• GIA – Carrier Bags
• Metal Concentrators - Coffee Shop
• BYL Diamonds – Registration
• Cape Precious Metals – Gin and Wine Bar and Cocktail Function
• Water Bottles – CJR Gift Sales

Jewellers to Participate at Retail / Consumer Shows

8

• ABSA Event
• Aimed at high-end Jewellers
• First prize – Champagne Festival
• Top clients of ABSA
• Decorex
• 2019
• Johannesburg and possibly Cape Town
• Dedicated area for jewellers – to include in Decorex marketing

Social Media Marketing Campaign

9

• Social Media Marketing Campaign during non peak periods
• Awareness Campaign – jewellery and JCSA branding
• January to December – R800 000 – Ebony & Ivory Agency
• Competition – R16 000 to spend at a JCSA member store

~ New Beginnings ~ ~ April No Fools~ ~ Christmas in July ~ ~ Spring September ~ Black Friday November ~

Winner NWJ - Gateway Winner NWJ – Vaal Mall

Social Media Marketing Campaign

10

• Aimed at people interested in getting married, engagement, newlyweds,

anniversary, birthdays, jewellery, relationship status

• April No Fools - 6 064 entries to competition and reached almost 197 000

people

JCSA Internal Marketing Campaign

• JCSA Consumer Facebook Page Competition
• Valentines Day
• Mothers Day
• Fathers Day
• Sponsors:

11

Mother’s Day Competition

12

Professional Technical Skills Certificate

13

• Established by JMASA to recognise skills acquired by employees
• Acknowledge so much informal training in the workplace
• ‘Certificate’ formal recognition - benefits employee and employer
• Bench Technician
• CAD Technician
• Indian Jewellery Bench Technicians
• Surface Finishing Technician
• Jewellery Casting Technician
• Refining Technicians
• Production Setting Technicians
• Certificate issued to staff – signed by JCSA and Employer
• Recognition of workplace skills training by SADPMR – transformation

audits

Jewellery Council Risk Initiative

• JCRI in operation for 7 years
• Regular updates of crime incidents reported by jewellery stores -

Consumer Goods Council.

• JCSA and CGCSA – met with Council of Shopping Centres - attempt to

improve safety and security in and around shopping centres.

• Agreement reached that shopping centres implement a list of identified
• recommendations. Jewellers in the shopping centres will also be

expected to implement a list of identified recommendations, depending on their size. This list was sent to members at the end of last

• year. Follow up taking place now to measure

14

KZN Incident Report

15

Agenda

JCSA Presentation Chris van Rensburg - Chairman

• Consumer Protection Act – Indemnities and Disclaimers
• SA Diamond and Precious Metals Regulator – Proposal –

Empowerment Fund

• The New Mining Charter
• Standards for Valuation Practices
• X-Ray Caratage Testing Metals

16

Consumer Protection Act - Indemnities and Disclaimers

• Guidelines on Indemnities and Disclaimers drafted

by JCSA Legal Counsel – circulated

• CPA radically changed the way of conducting business, specifically to product

liability and weighing up obligations on part of jeweller

• Since inception of CPA strict liability applies and ANY party in the supply

chain may be sued jointly and severally by a consumer for any harm

• Some Salient Points that apply to jewellers:

17

• Return of Goods – 10 days for a full refund if sold through direct marketing or

where consumer did not inspect goods

• Any notice of a consumer agreement must be drawn to the consumer’s

attention in simple, clear terms and verbal to an illiterate consumer.

• One cannot divert liability to consumer in the event of gross negligence or

recklessness, internal theft or fraud on the part of jeweller or staff

• Warrantee on repaired goods is three months after

repairs and does not apply to normal wear and tear.

18

Consumer Protection Act - Indemnities and Disclaimers

• Where a jeweller has possession of deposits, money or property belonging

to consumer, jeweller must assume liability for any loss

• When consumer fails to pay for or collect goods in possession of jeweller,

consumer should be made aware BEFORE entering into a transaction that jeweller reserves the right to sell goods to defray costs

• Due to strict liability in CPA, members should deal with all issues which may

pose a risk to their operations through clearly displayed or printed indemnity and disclaimer provisions – seek expert legal counsel

19

Consumer Protection Act - Indemnities and Disclaimers

SADPMR – Proposal – Empowerment Fund

• Jewellery Industry Liaison Committee set up between JCSA and SADPMR -

liaise with key industry players - discuss updates in SADPMR as well as contentious issues

• SADPMR – Discretion -Transformation not working in current format –

alternative to joint ventures / partnerships

• Proposal - establish Empowerment Fund
• Enterprise Development
• Industry buy-in

20

The New Mining Charter

• Letter to DMR Minister and met with the DMR Task Team

for Growth and Competitiveness relating to the New Mining Charter

• Proposal - establish Empowerment Fund
• Requested Minister to consider reviewing framework of thresholds for

applying Codes of Good Practice under Precious Metals Act

• Current thresholds set out in the framework - 5kg and up or estimated

maximum turnover is great than R3.8 million - seen as a medium and large business

21

Standardising Valuation Practices

22

• Revision of JCSA RecommendedValuation Practices annually
• Proposal to insurance companies:
• Replacements versus cash settlements
• Replacements by jeweller who sold item
• JCSA to vet jewellers on insurance panels
• Companies on insurance panels to be members - JCSA and subject to

Arbitrations Rules of council

• Membership offer to insurance companies

VALUATION PRINCIPLES AND PRACTICE

X-Ray CaratageTesting Metals

• Best Practice Guidelines on XRF Metal Testing

23

24

JCSA Road Shows 2018

Please join us for drinks and snacks