Business rescue VS liquidation: What is the difference?
South Africa has been experiencing very slow economic growth and international rating agencies have subsequently downgraded South Africa’s investment outlook to “junk status”. This, and a myriad of other factors, have negatively impacted South African businesses, especially small and medium business enterprises. Many of these struggling enterprises are now at a crossroads: do they continue […]
How to ensure that your supply chain runs smoothly
Supply chain management is the flow that businesses follow when planning, creating and executing their product. This begins at obtaining the product’s raw materials and carrying it through to production, and finally, product distribution to the final customer: Obtaining raw materials The supplier receives these raw materials Product is manufactured The finished product is distributed The retailer receives the final […]
TRANSFERRING BUSINESS 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 […]
CORPORATE GOVERNANCE – FINANCIAL YEAR-END OF A COMPANY
Every company has a financial year. A company’s financial year is any 12-month period that the company uses for accounting purposes. The financial year-end of a company is usually the end of any quarter, such as the end of February, June, September or December. Even though the financial year of a company is usually a 12-month period, […]