Tag: corona virus

The scale of the national COVID-19 lockdown is unprecedented in living memory. The repercussions – personal, professional, national and international – will reverberate for years to come. As entrepreneurs, we need to be making the right decisions for right now to ensure that our businesses and our people’s livelihoods do not become another casualty of the virus.

With South Africa being on a national lockdown and the world facing a global pandemic due to the coronavirus, employers need to take special precautions to ensure the safety of their employees. Contingency plans together with the right contingency manager can help to mitigate the impact of these disruptions.

As the coronavirus sweeps its way around the globe, the trends established in most countries in terms of taming its spread after lockdown appears similar to that set in China. While it might take somewhat longer for some of those countries that started their control measures later, the outlook seems positive and the trend is definitely moving in the right direction.

The Minister of Cooperative Governance and Traditional Affairs has promulgated the regulations applicable during the lockdown Alert Level 4.

Although it’s recommended in King IV, succession planning is often neglected because it’s an uncomfortable subject. The COVID-19 crisis should act as a wake-up call for organisations to ensure not only that they have a plan to govern an orderly succession for key senior posts, but also an emergency back-up plan.

As many small to medium enterprises (SMEs) in South Africa reel from the financial repercussions of the COVID-19 pandemic and subsequent lockdown, it is important that they embrace technologies that will help them overcome current challenges and ready themselves for a ‘new normal’.

If there is one thing that the national lockdown has highlighted, it is the need for South African law to recognise electronic signatures to authenticate important legal documents such as Last Wills and Testaments.

Consumer concerns related to COVID-19 including fears of being infected by the coronavirus while attending to their banking matters and stress related to debt issues have come to our attention. In response to President Ramaphosa’s address on the measures to contain the spread of the coronavirus, we urge consumers to remain calm and to follow the stringent measures in place to protect both themselves and their families. 

Our world has changed. The aspects that we have accepted as daily occurrences, and those that we have taken for granted, are no longer possible.

South African investors are still absorbing the twin blows of being downgraded by Moody’s into junk territory and, just four days later, the expected Fitch decision to take the South African sovereign debt rating down a further notch into junk territory.