Celebrating the Year-End: Smart Choices for Western Cape Businesses As the year comes to a close, many businesses in the Western Cape find themselves pondering an age-old question: Should we host a year-end party? For some, it’s a cherished tradition, while for others, it’s an optional indulgence. With the stunning backdrop of the Cape’s wine […]
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Struggling to Hit Revenue Targets? Here’s What Might Be Holding You Back Revenue targets are the cornerstone of business growth and performance. They guide decision-making, shape employee expectations, and help leaders forecast and reward success. But what happens when your team consistently falls short of those targets? Missing the mark can feel frustrating, especially when
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South Africa’s Reality Check: National Treasury’s Candid Economic Outlook in the Medium-Term Budget Policy Statement Understanding What It Means for Businesses and Investments South Africa’s latest Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana brought a sobering perspective on the nation’s economic trajectory. While it embraced realism and transparency, it tempered the
5 Essential Strategies for Managing Startup Debt Whether you’re launching a fintech app or a fish and chips shop, managing debt is essential for most startups. As your business grows, you might need to take out a loan for marketing, infrastructure, or expanding your team. Knowing how to handle this debt effectively is key to
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Be Cautious When Accessing Your Three-Pot Retirement Savings! As of September 1, 2024, South Africa’s retirement system has evolved with the addition of two new ‘pots.’ This change allows South Africans to access a portion of their retirement funds before they retire, without the need to resign from their jobs and withdraw all their savings,
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How and When to Save a Struggling Start-Up
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Psycological Pricing Strategies that can Save Your Business Nothing is more important when running a successful business than pricing your products accurately. Most business leaders are already examining the maths, costs and business considerations behind pricing, but there is also an entirely separate consideration which needs to be taken into account – human psychology.Human psychology
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What you can do if you have a Budget Shortfall Government’s approach to balance this year’s National Budget 2024 shortfall of R15 billion didn’t set a positive example for South African individuals and businesses that face the same economic challenges but are, unlike government, unable to side-step spending cuts by squeezing taxpayers and tapping into national reserves.
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SARS Tax Tables and Tax Calculator Budget 2024 effectively brought an increase in personal income tax by not adjusting the tables for tax rates, rebates and medical tax credits, while also implementing substantial increases in ‘sin’ taxes and introducing a proposed global tax on multinational companies. This selection of official SARS Tax Tables and other useful resources
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