“People don’t mind price increases as much as they mind surprises.” (Robert Cialdini, Psychologist and Business Author) Costs go up and so do prices. And yet most businesses raise prices later than they should. A global study by Simon-Kucher found that less than a quarter of companies adjust prices multiple times a year as needed, with almost 30% discussing price changes only once annually, and 26% waiting for new customer tenders or contract expirations. By the time owners t

“A rich man without charity is a rogue; and perhaps it would be no difficult matter to prove that he is also a fool." (Henry Fielding, English writer and judge) Across the country, tens of thousands of groups run feeding schemes, environmental projects, schools, clinics, and training centres, often built on passion rather than profit. But while “NGO” is the word most people use, it’s not actually a legal term in South Africa. Entrepreneurs who fund or collaborate with non-pro

“The South African Revenue Service is always ready to assist taxpayers to fulfil their legal obligations.” (SARS) Acknowledging that taxpayers often find it difficult to settle tax debt due to financial challenges, SARS has launched an expedited debt compromise process to help eligible taxpayers settle outstanding tax debts swiftly and on more favourable terms. The normal debt compromise process remains available to all taxpayers, and learnings from this expedited process wil

“Financial planning causes a struggle between the rational brain and the emotional brain.” (Michael C. Finke, author of Money Management...

“Mixing personal and business finances might seem harmless, but it’s a costly mistake that can lead to tax headaches, legal risks, and...

Last month’s Budget 3.0 withdrew the contentious proposed VAT changes. This resulted in inflation-linked fuel levy increases of 16c for...

“… the economy needs to grow much faster and in an inclusive manner. This is the central objective of the current administration.”...

“I do not gather things, I prefer to rent them rather than to possess them.” (Jerzy Kosinski, Polish-American writer) Deciding whether to...

“One of the fun things about venture capital is you are constantly learning new ideas and strategies from one business and then applying...

“The cold, harsh reality is that we have to balance the budget.” (Michael Bloomberg, former New York City Mayor)

“Our bigger challenge… is that our pie is not growing fast enough and this limits our ability to generate sufficient revenues to...

“Never take your eyes off the cash flow because it’s the lifeblood of business” (Sir Richard Branson, entrepreneur, investor, and author)