As climate change accelerates, South African businesses face increasing risks from extreme weather events such as floods, droughts, and wildfires. These disasters can cause financial losses, disrupt supply chains, and halt operations. The World Economic Forum warns that businesses failing to address climate risks could lose up to 7% of their earnings by 2035.
As South African businesses become increasingly reliant on digital platforms, the risks associated with cybercrime continue to grow at an alarming rate.
Running a business comes with its fair share of uncertainties. No matter how carefully you plan, there is always the risk of unforeseen events disrupting operations and threatening your financial stability.
Getting a business off the ground often requires having to fulfil multiple roles from accounting and office admin to operations management and stock control. Business support services can be a real game-changer for entrepreneurs.
When looking at specific types of businesses, there is a lot to consider. At MiWay we see this not as a passing trend but as a key evolutionary step in the growth of the industry to enable better, more comprehensive customer experiences.
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