Tag: business management

Succession and continuity planning is an essential endeavour for high-net-worth entrepreneurial families looking to safeguard their family businesses and the financial security of the next generation. Expert insights are provided on how to navigate this complex process effectively to ensure that families who run businesses can continue to thrive even if their circumstances change.

It is widely known that business families are currently experiencing the largest wealth transfer in recent history, with over $84 trillion being transferred from...

Starting a new business is an exhilarating venture, filled with both opportunities and challenges. However, the path to success requires more than just a great idea - it demands a strategic approach, careful planning, and the ability to adapt to evolving market conditions. 

What does it take to be an effective leader in today’s business world? Mike Teke, the CEO of Seriti and well-known entrepreneur, has more experience than most as a leader. His opinion is heeded and followed by many.

South Africa is facing a number of critical challenges. Two of the most worrying are a faltering economy and a crisis in leadership which is leaving many of our future business leaders either waiting on the side lines or, even more tragically, leaving the country.

Today is Heritage Day, and for many South Africans, this is an appropriate time to reflect on the assets that they’ve built up over years, and possibly generations. In these uncertain times, it’s important to re-evaluate the value of your assets, and to determine how best to leave a legacy.

Spaza shops are at the heart of many South African informal communities, selling small quantities of everything, from groceries and home care products to medication and cleaning supplies. For the millions of citizens who live hand-to-mouth, the role of the spaza shop as a bulk breaker is a lifeline.

The advent of COVID-19 has led to people losing their jobs and seeking ways of securing their financial future against the current disruptions. Rather than wait for employment opportunities, people are taking matters into their own hands.

Life and business are not mutually exclusive. Business can, and must work for you, not the other way around. We have been conditioned to believe that being willing to sacrifice everything is the ‘right thing to do’ and the entrepreneurial way. That is a flawed approach.

In the aftermath of the virus outbreak, 2020 has certainly been a challenging year for the manufacturing sector. The World Bank predicts the pandemic will push Sub-Saharan Africa into its first recession in 25 years with growth predicted to fall to -3.3% for 2020. Reduced demand has taken its toll on the balance sheet and cash flow of most producers.