Tag: legacy

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

Read our exclusive cover story titled Family Business - can you unlock the dynamics of tradition, innovation and legacy by Alan Barr, Partner and Creagh...

When he died in 2014, author Chris van Wyk left behind an impressive literary legacy. The scope of his work was broad – poetry, children’s books, short stories and biographies. But perhaps he is best remembered for his memoir Shirley, Goodness & Mercy, which chronicles his growing up in Riverlea and introduces us to the colourful characters who helped to shape his life and inform the stories he wrote.

The only personal finance book you will ever need! It is never too late, or too early, to become more intentional about your finances. Unexpected life events can severely expose the financial vulnerability of individuals and households who are ill-prepared.

If you have an entrepreneurial spirit and have already laid the groundwork to turn your dream into a successful business, now is the time to consider what kind of legacy you are building. This begins with your employees and the security you offer as a leader. Entrepreneurs have the power to shape lives and communities by the thousands, and they should be able to protect what they’ve built.

As the new year unfolds, many business leaders across Africa are assessing the 2023 year to chart an increasing resilient path ahead. Last year, major key events unfolded that had global repercussions on supply chains, businesses and the leaders of those businesses.

According to recent research from the Master of the High Court of South Africa, it’s estimated that 15% of South Africans who die have a will in place, which means that five out of six don’t. If you die without a will, your estate will be intestate. This can be a long and drawn-out process, and the assets from your estate will not be in line with what you wanted.

Business leaders are not always willing or able to take on the challenge of transforming the existing operating model. They face resistance due to turf wars, internal bureaucracy, legacy working methods, technology debt and corporate politics. In fact, over 31% of business leaders consider resistance to change within their organisation a pivotal barrier to redesigning the operating model.

Although cryptocurrencies are on an upward trajectory in South Africa, a cryptocurrency wallet is worthless without its key or password. That was the reality for a 24-year-old Bitcoin-holder in 2021, who, after mining 20 Bitcoin for more than ten years when the cryptocurrency was still only worth a few cents, lost his wallet key and access to around R14.18 million in Bitcoin.

Approximately half of Africa’s family-owned businesses believe their customers do not trust them. This key finding from our Africa Family Business Survey 2023 should be viewed as a notable concern for the continent’s family businesses, many of which have spent decades crafting their legacy.