Category Archives: Business

Small and Medium-Sized Businesses: How to Stay Healthy and Profitable

Today getting an SME going is incredibly difficult as they face enormous red tape (FICA, getting loans, VAT registration and so on) and have difficulty getting access to money as financial institutions prefer funding large corporates where, for a similar … Continue reading

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Companies: “XBRL” is Coming Soon. What is it and Are You Affected?

The Companies and Intellectual Property Commission (CIPC) will from 1 July 2018 require that all Annual Financial Statements (AFS) submitted to the CIPC be in eXtensible Business Reporting Language (XBRL) format. What is XBRL and what are its benefits?  It … Continue reading

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Risk Management for Your SME

“All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but in calculating risk and acting decisively” (Niccolo Machiavelli) We are all aware that business, as with life, is full of risks and things go … Continue reading

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Lessons for Your Business: How Does the World’s Most Successful Company Keep Growing?

Amazon is now regarded as the best company in the world – its market capitalisation is approaching R800 billion and its founder Jeff Bezos is the world’s richest man. Year after year in customer satisfaction surveys Amazon invariably comes out … Continue reading

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Practical Tips on Cash Flow

“Never take your eyes off cash flow because it’s the life-blood of business” (Richard Branson) The Companies Act is underpinned by the assumption of liquidity and solvency – directors and owners are mandated to ensure the business can meet all … Continue reading

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How to Grow Your Small Business Rapidly with Digitalisation

“Digitalisation – the use of digital technologies to change a business model and provide new revenue and value-producing opportunities” (Gartner Glossary) Surveys show that small to medium-sized businesses (SMEs) are not fully aware of the potential that technology and digitalisation offers … Continue reading

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Make Sure You Have a Shareholders’ Agreement

A well-known attorney recently said he is constantly surprised by the number of shareholder disputes that could be quickly resolved if there was a shareholder agreement. The importance of shareholder agreements Human nature is fickle and a few years after … Continue reading

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Middle Managers – They’re Vital to Your Success!

“The conductor of an orchestra doesn’t make a sound. He depends, for his power, on his ability to make other people powerful” (Benjamin Zander, Conductor and author of “The Art of Possibility”) It is generally accepted that the most successful … Continue reading

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You Need Independent Directors, not Herd Mentality

“Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently.” (Steve Jobs when he was reinstated as CEO of Apple)  The Companies Act tasks directors to … Continue reading

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The Password Guru Got it All Wrong!

How many times have we entered a website and been asked to enter a new password which is at least 8 characters long and contains 1 capital letter, 1 number and 1 symbol like “@”? We end up with a … Continue reading

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