Tag: FamilyBusiness

Safeguarding your family business for the next generation goes beyond just having a will - particularly when the family is dependent on income from the business. While the United Nations estimates that family-owned or managed businesses generate about two-thirds of global GDP and 60% of jobs, a successful business means far more than an income-producing asset for many South African families.

Succession planning and integrating the next generation remain critical and challenging issues for many family businesses. Without a thoughtful and structured approach, business owners risk undermining their legacy. They also risk weakening the long-term sustainability of the enterprise. This happens when family, ownership, and business systems are not prepared for the transition.

In the evolving landscape of South African business families, the concept of wealth has expanded beyond mere financial accumulation. This aligns with the global shift from traditional wealth creation focused solely on financial assets to a broader definition that includes human and social capital.

Cybercrime in South Africa is reaching new heights in 2025, with attacks becoming increasingly sophisticated and frequent. According to industry estimates, cybercrime is projected to cost the South African economy over R2.2 billion annually.[1] This surge highlights the urgent need for stronger digital defences across all industry sectors.