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One in four South African business closures are a result of financial difficulties. But, business owners can weather the storm of tough economic times if they stick to a few basics, like effective planning and budgeting. In this CNBC interview Kobus Engelbrecht, Marketing Head of Sanlam’s Business Market, offers valuable advice to entrepreneurs in the current marketplace where money is tight. He suggests businesses consider their efficiencies given that even minor daily expenses at the office can add up over time, and says that staying in touch with clients, employees and suppliers can maximise opportunities and minimise losses. A realistic cash-flow projection and a back-to-basics approach to keep track of how money is spent are some of the other areas of advice offered to help business owners navigate their way through the economic downturn.

 

 

Consider Pros and Cons before Nominating a Beneficiary on a PolicyConsider Pros and Cons before Nominating a Beneficiary on a Policyhttp://www.sanlam.co.za/businessblog/articles/Pages/consider-pros-and-cons-before-nominating-a-beneficiary-on-a-policy.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/Bus_blog_beneficiaryPolicy.jpg, /businessblog/PublishingImages/Bus_blog_beneficiaryPolicy.jpg2/12/2019 9:48:22 AM0114570aspxhttp://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2019-02-11T22:00:00ZWhen someone is nominated as a beneficiary in respect of the death benefits on a policy of long-term insurance, the advantages and disadvantages must be weighed up carefully with your financial planner before a final decision is made.
Preparing for AI: Is your business ready?Preparing for AI: Is your business ready?http://www.sanlam.co.za/businessblog/articles/Pages/is-your-business-ready-for-ai.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/Bus_blog_xero.png, /businessblog/PublishingImages/Bus_blog_xero.png2/7/2019 2:18:19 PM0135678aspxhttp://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2019-02-06T22:00:00ZWe can’t talk about Artificial Intelligence (AI) in the future tense anymore: it’s here, and it’s changing the world. Business intelligence and analytical processes are being rapidly automated.

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Implications of National Minimum WageImplications of National Minimum Wagehttp://www.sanlam.co.za/businessblog/articles/Pages/implications-of-national-minimum-wage.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/Bus_blog_implications.jpg, /businessblog/PublishingImages/Bus_blog_implications.jpg1/22/2019 2:23:11 PM0153443aspx3729http://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2019-01-21T22:00:00ZThe national minimum wage (NMW) of R20 per hour came into effect on 1 January 2019. What exactly does this mean for employers and employees?
No water, no work - must employees be paid?No water, no work - must employees be paid?http://www.sanlam.co.za/businessblog/articles/Pages/no-water-no-work.aspxhttp://www.sanlam.co.za/businessblog/PublishingImages/NoWater_ArticleBlogBanner.jpg, /businessblog/PublishingImages/NoWater_ArticleBlogBanner.jpg11/16/2017 7:58:10 AM0169810aspx4156http://www.sanlam.co.za/businessblog/articles/Pages/Forms/AllItems.aspxhtmlFalseaspx2017-11-15T22:00:00ZSome businesses need water in order to function. The prevailing drought in the Western Cape has led to interruptions, which may result in employees not being able to work. Are the employees entitled to be paid?

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