Blog - FD Centre South Africa

Posted on September 18, 2020September 18, 2020

As you emerge from the ‘government life support’ phase of this COVID crisis and look to plan your future in an uncertain world, preparation is essential.

As we attempt to return to business as usual during what some commentators are forecasting to be the worst economic collapse in our lifetimes, businesses will need a clear strategy to help them emerge into what will, for many, be a very different landscape.

South African SMEs with a turnovers’ between R25Mil – R500Mil will be crucial in driving an “economic renaissance” and helping South African Entrepreneurs move forward with renewed vigor and resilience.

Posted on September 14, 2020

Recently, I read a thought provoking article from a few years back, highlighting a key message for entrepreneurs and CEOs – Why organizations need a good CFO for their business? Especially now during these trying times, a CFO provides sound stewardship and guidance, helping restructure to create sustainable financial viability and long term success for business.

Critical to success, the CFO needs to understand the core business model, economic drivers and cashflow cycle.

Posted on September 1, 2020September 1, 2020

As part of the lockdown implemented by our government in March, they announced the Covid-19 Loan Guarantee Scheme amounting to R200bn. The Scheme was to be managed by the commercial banks on behalf of the government. The initial take-up of the scheme was poor, commercial banks only advanced R12bn of the allotted R200bn. Government acknowledged that some of the conditions applied were too restrictive and loosened some of the criteria during July 2020.

Posted on June 29, 2020June 29, 2020

If you are a fan of the guest brokers on Bruce Whitfield’s Money Show, you would know – there are bargains to be had in listed shares right now. We have all heard the stories of fabulous fortunes being made in times of recession. ‘Take a punt’ they say.

Still… going along in this particular bear market might not be such a sure thing. Deep discounts need to be weighed up against the long-term impact that the pandemic might have on markets (insert ‘new normal’,

Posted on June 2, 2020

Covid19 has been quite a shock to the system, grinding the world to an abrupt halt and causing economies to nose dive. All over the world business owners are grappling with the after effects of C19 and have never been as busy. Your business, that was built to be on auto pilot for day to day tasks, now requires you to rethink many processes and often only the business owner or senior management can deal with these new issues.

Posted on May 4, 2020May 5, 2020

There has been a significant response by National Treasury, the South African Revenue Service, the private sector and various government bodies in respect of relief measures aimed at minimising the negative effect of COVID-19. This article will cover two aspects; first a brief summary of the measures recently introduced by National Treasury and SARS in so far as they relate to tax relief for businesses and individuals. Second, we’ll give you details of the various kinds of funding streams available to businesses to combat the financial implications of COVID-19.

Posted on March 18, 2020April 18, 2020

If history has taught us anything, it’s that the only constant in life is change.

Over the course of the last century alone there have been a litany of challenges and numerous disasters, all of which have one thing in common – they’ve all passed.

Some months from now – it’s impossible to predict the true timeline – the current situation we face with Covid-19 will too have passed. It will have left in its wake a trail of debris and destruction which we ought not minimise,

Posted on March 1, 2020

A lack of cash can not only stall your company’s growth but also place its very existence under threat.

It doesn’t matter how profitable the business may be; cash flow problems can place it under severe pressure, according to the FD Centre’s Chairman Colin Mills in his book ‘Scaling Up How to Take Your Business to the Next Level Without Losing Control and Running Out of Cash’.[1]

“You might think you’re immune from danger because your business is experiencing a high level of growth,

Posted on January 25, 2020

Amanda Brown, FD at The FD Centre in Kent (part of the CFO Centre Group)

Back in 2017, with over 25 years of FD board experience, Amanda started thinking about the benefits of a more diverse way of working. She was hoping for more flexibility – which would allow her to be around for her children. What is it they call it these days – being present?

It wasn’t that she was unhappy in her current role or that there was any big decision to be made.

Posted on December 20, 2019December 20, 2019

Hearsay, you may shout! How can I possibly run my business without a budget? Can I hold managers accountable? How can I reward and incentivise my staff to perform?

And, most importantly, how do I measure my financial performance on a monthly basis? All these are very valid questions, but an annual business budget is not the best financial management tool to achieve this and can drive limiting behaviours.

What if I were to say there is a better way.

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Blog and Latest News.

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Can Commercial Banks do more to help Government provide relief to SMME’s?

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Liquidity Crunch Much?

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Now may be the time to attack

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New Draft Tax Relief Bills, released on 01 May 2020

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“This too shall pass”

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Where To Find The Cash You Need

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“Working with many different businesses, allows me to keep the thrill of making a difference to business successes but also be around for the family moments that I wouldn’t want to miss.”

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Business Budget – A Simpler, More Effective Approach

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