Top insurance tips for achieving success on a shoestring budget. The prolonged effects of the economic downturn in South Africa has placed many small businesses under undue strain.
South African businesses are facing a number of headwinds from several fronts. The turbulence of the global and local economic climate, coupled by the most recent interest rate increases, rising inflation and the high cost of fuel and electricity are among the biggest obstacles to business continuity and growth.
Here are some operational tips to help get your business started on the right foot, and ideally turn a tough year into a sustainable year.
While business owners in traditionally high-risk industries like trucking tend to be more aware of the need for curated cover given the regular transit of valuable goods, other entrepreneurs often make the mistake of underestimating possible risk factors to their operation.
The festive season can be a stressful time for business owners, forced to deal with reduced staff counts, increased demand for goods and ever-evolving stock inventories
In the January-June 2022 period, 15.2 million domestic trips were taken, an increase of 23.8% compared to the same period in 2021. International arrivals were up 147% for January to June 2022 as against 2021. Forward bookings increased by 328% in August.
In challenging economic times, it's more important than ever to embrace the spirit of ubuntu and support local businesses. It's also vital that SMEs look out for each other, establishing mutually beneficial networks that enable them to attract and retain new clients
Opening a small business in stable economic times is daunting. In uncertain times, even more so. Yet South Africa is home to start-ups and entrepreneurs alike who are pursuing their dreams
Being a woman at the helm of a logistics enterprise comes with its fair share of challenges, but Nonkosi Dyantyi, CEO of Lebama Group Logistics, wouldn't have it any other way.
With the right type of business liability insurance in place, you can go a long way towards mitigating the repercussions of any kind of slip-up, enabling your organisation to avoid reputational and financial damage in the process.