Tag: budget

Taking control of your financial health through effective budgeting can be beneficial and liberating. By creating a budget and smartly managing your expenses, you can ensure that your hard-earned money lasts longer and works towards securing a prosperous future.

South Africa commemorates Youth Day on 16 June 2023. With this in mind, we thought it prudent to tackle the importance of establishing good financial habits from an early age. The Oxford Dictionary defines the word habit as “a settled or regular tendency or practice, especially one that is hard to give up”.

While digital transformation may seem like an overwhelming exercise for enterprises with a large investment in legacy infrastructure, the reality is that it has become imperative. The longer businesses delay, the further behind they will fall when it comes to their ability to innovate and be agile in the face of change.

In today's rapidly evolving business world, the role of the CIO has become increasingly vital in driving organisational productivity. However, these executives are confronted with challenges such as outdated technology, insufficient infrastructure, and increasing technical debt. 

Recently, I wrote about what I would tell my 26-year-old self. This piece was well-received because it resonated with many people. You see, hindsight is 20/20, and so the ability to have access to some wisdom that comes with age is priceless.

You don’t have to be an economist to notice that inflation is biting at the moment. In fact, you’ve probably felt it yourself, noticing how, every month, a little more of your salary goes into things like food and fuel. In fact, South Africa’s monthly inflation rate has consistently been above the upper limit of the Reserve Bank’s three to six percent target range since April this year, peaking at 7.8% in July. 

It’s incredible how many people make resolutions about getting themselves in shape when a new year begins. Very few of us, it seems, think about the ‘financial hangover’ that we are dragging into a new year and how much getting personal finances back in shape could benefit our lives. 

As manufacturers seek to eliminate process inefficiencies and maximise profitability, they are adopting automation and turning to digital technologies that provide them cross-departmental visibility and control of their operations.

We often hear that South Africans are not saving and investing enough. A report from Genesis Analytics in partnership with the Financial Sector Conduct Authority (FSCA) showed that 90% of South African retirees can’t sustain their standard of living prior to retirement, and two-thirds of members have less than R50,000 in their retirement fund.

How small businesses manage growth, and the expansion of their teams is always a hot topic. We are often asked how best to go about it as many businesses make the mistake of thinking growth and expansion is directly linked to their staff complement, yet this could not be further from the truth.