I bet you noticed a renewed surge of South Africans looking to emigrate, just as Covid hit. It was early 2020. In response, the hashtag #Iamstaying started trending but it would be another five months before Jarette Petzer saw the need to change the slogan and start the Move1Million movement. As it happened #everyonewasstaying, whether they wanted to or not.
It’s ironic then, that with all the disruption and loss caused by the virus,
The quicker you want your company to achieve its goals, the sooner you should consider hiring a part-time FD or CFO.
That’s because a part-time FD or CFO will provide your company with the high-level financial expertise necessary to scale up (things you and your team may not even be aware you need), for a fraction of the cost of a full-time FD/CFO.
Hiring a part-time FD or CFO provides your company with many advantages that really help it to grow and stand out in any marketplace.
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.
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.
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.
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’,
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.
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.
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,
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,
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