Tag: COVID-19

Chief Economists from in a variety of countries globally released the Global Economic Outlook paper this week which provides detailed insights into the global obstacles and opportunities. Surprisingly, while the pandemic may not be over, the major economies are shifting their mindset and focusing increasingly on the potential risks and rewards of a more sustainable long-term recovery and route to sustainable growth.

South Africa was born in war, its growth has been marked by crises and ruptures, and it once again stands on a precipice. History of South Africa explores the country’s tumultuous journey from the aftermath of the Second Anglo-Boer War to the COVID-19 pandemic.

If a business suddenly had no access to its business documents and financial records, the consequences would be severely felt. And if the company suffered a cyberattack, it could be devastating. These are just two reasons why cloud computing has become so important, and why moving to online accounting can genuinely help small- to medium-sized enterprises (SMEs).

Storing data securely and using it appropriately should not be merely a compliance-driven practice; it should be a cornerstone of any business. Not only does appropriate data protection and use protect your business from risk, but it is also key to building customer trust, without which, no business can survive for any reasonable length of time.

Four in five small businesses want to become more knowledgeable about financial management, but two thirds lack the support they need. New research reveals that South African small businesses are making mistakes costing them an average of R91,311 per year due to a lack of financial knowledge.

Whilst most corporations across the world have had to make drastic changes to their business operations as a result of the COVID-19 pandemic, many business leaders believe that the disruptions caused by the pandemic have inadvertently introduced more advantages than disadvantages. 

International Fraud Awareness Week is taking place from 14-20 November, highlighting an increasing problem that organisations around the world are facing. According to the Association of Certified Fraud Examiners (ACFE), businesses lose around 5% of their annual revenue globally due to fraudulent behaviour, which experts estimate amounts to a total annual loss around the world of $3.7 trillion.

The pandemic forced everyone to spend more time online than they did before. This was out of necessity because of remote working and the need to buy services and products online. A global collective of highly sophisticated networks of criminals are aware of this larger, captive online audience, and they have innovated and stepped up both the frequency and the complexity of their attacks.

Global Entrepreneurship Week celebrated entrepreneurs and aims to inspire more young people to make their mark in society. It's a timely reminder that we need to support youth entrepreneurship in South Africa to address our unemployment crisis and catalyse economic growth.

How to handle everything (and everyone) around you when all hell breaks loose, from the international bestselling author of Surrounded by Idiots. Not everything goes the way we want it to - the world or people around us sometimes just spin out of control. Just consider the COVID-19 pandemic for starters.