Category Archives: Business

Sometimes the best management is to take a back seat

“When the best leader’s work is done the people say ‘We did it ourselves’” (Lao Tzu) Management is probably more of an art than a science – sometimes you need to get actively involved in an issue and other times … Continue reading

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How to prepare your business plan

“If you fail to plan, you are planning to fail!” (Benjamin Franklin) Previously we discussed why a business plan is so important, this month we look at the mechanics of compiling it. There are many templates available (most banks have … Continue reading

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5 reasons to never overlook your business plan

“How can I be so stupid?” (John Cleese recalling when he pitched the BBC to start the Monty Python’s Flying Circus show without a business plan) When setting out on a new venture or adding a new section to your … Continue reading

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Your websites of the month: Buying or selling anything? How to use facebook marketplace

By all accounts Facebook Marketplace is giving Gumtree, OLX and other online classifieds a real run for their money in both the personal and business markets. It is now used every month by 800 million people in 70 different countries. … Continue reading

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Your shareholder agreement versus your Memorandum of Incorporation – There is only one winner

Shareholder agreements usually form the backbone of shareholder relationships as they govern, for example, how shareholders sell their shares, how shareholder disputes are settled and the type of authority required for certain transactions. The Companies Act makes it clear that: … Continue reading

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Don’t let a death or disablement destroy your business

The greatest need in many small businesses is for cash flow. Picture this scenario: Three people start a business and after a few years it is beginning to make profit – in a year it will go cash positive. One … Continue reading

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Business Rescue Options: Going the Informal Route v the Companies Act Route

The business rescue provisions in the Companies Act are regarded as progressive and world class and there is evidence that it has worked well. Yet a 2016 survey showed that more distressed businesses opted for an informal approach and appear … Continue reading

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Companies: What is an Alternate Director? A Curious Role…

“‘Alternate director’ means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in substitution for a particular elected or appointed director of that company” (Companies Act) Situations can arise … Continue reading

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How You Can Detect Fraud in Your Business

Few things are as devastating to a business’ reputation as internal fraud – it undermines staff morale and creates a new uncertain relationship with stakeholders such as suppliers, investors and compliance authorities. News bulletins and newspapers all talk of the … Continue reading

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The CIPC Is Taking On Wrongdoing by Directors – A R4.3bn Example

The Companies and Intellectual Property Commission (CIPC) has often been viewed as just an administrator and recorder of decisions made by companies. In February however, the CIPC issued a Compliance Notice to the Public Investment Corporation (PIC) instructing it to … Continue reading

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