Understanding the two-pot retirement system: Questions and answers
As of 1 September 2024, significant changes have been introduced to the retirement landscape in South Africa with the implementation of the two-pot retirement system. This system allows members of pension funds, provident funds, and related schemes to access a portion of their savings while still working. With this shift, it is essential to understand […]
Networking online
How to make professional connections remotely-and why it matters. On paper, networking is a relatively simple task. Mingle with like-minded professionals while sipping wine and you greatly increase your chances of landing a coveted role, or building your dream career. Pre-COVID, gearing up for a networking event, you would probably have walked into a venue, […]
Finding someone to step into your shoes: Succession planning for your business
The Eskom crisis demonstrates again the importance of proper succession planning—IoDSA. The current crisis at Eskom has a number of governance lessons for South Africa—one of which is the vital importance of proper succession planning for key senior positions. The imminent departure of both the chief executive (CEO) and chief operating officers (COO) of Eskom […]
10 Tips for embracing change in 2023
How to overcome ‘change fatigue’ and create a winning working environment Let’s be honest we’re all tired. The truth is that fatigue is a very common feeling for most of us by the time December rolls around, as we deal with a year’s worth of pressure in addition to the demands of always being available […]
Is your business covered for loss of income?
It’s all well and good being paid out for your assets, but what about the foregone earnings in the meantime? Small business owners who have a short-term commercial insurance policy are often not aware that they may not be covered for the loss of income, under a standard commercial policy. Although a standard short-term insurance […]
How to future-proof your business before the next crisis
While the possibility of a global pandemic was always at the back of our minds, its emergence still managed to catch us off-guard and wreaked havoc on every aspect of our lives, particularly the world of work. Therefore, it’s safe to say that Covid-19 has been a wake-up call for organisations to rethink their priorities […]
How is your business going above and beyond the call of duty?
Every business in the world sells something. They sell goods or services in order to address a need or desire of a consumer, and to achieve a profit in the process (at the very least only to ensure its sustainability). Before the introduction of many modern technologies (the internet specifically), focussing solely on quality goods or services in order to make profit was the common thing to do. Business owners could often […]
The seven questions that could make or break your contracts
Your business success relies on your interaction with clients/customers and other businesses. Your profit is directly proportional to the behaviour of these external role-players. Dealing with individual clients/customers does come with some risk – especially if you offer a line of credit. However, your agreements with other businesses, in which greater risk and sums are applicable, you cannot afford to take a wrong […]
5 Digital networking tips to help your business stand out
The importance of networking – especially during COVID-19 – should not be overlooked. While many business owners have been struggling to stay afloat in the economic downturn that has resulted from the events of 2020, they may have been neglecting one of their key resources in maintaining their success. Good networking skills are one of the most […]
The transfer of power
The desire of being an entrepreneur naturally comes with you wanting your business to be successful and remain that way. When transferring business power through succession from your generation to the next poses some risk but it can be successful if done properly. Creating a successful succession allows a business to continuously thrive despite who […]