A company is a living entity that goes through stages just like a person. Transforming an established business is often like getting a grown-up person to change. To say it can be hard is an understatement. But it is the first step to breathing new life into a company...
In many respects, the South African Airways business rescue was a landmark case in South Africa as it was the first State-Owned Entity (SOE) that was placed into business rescue. However, what was supposed to be a solid test case for future business rescues of similar...
In oceanography, a rogue wave refers to a massive wave that pops up, seemingly out of nowhere, when multiple unlikely natural phenomena collide. In the deep ocean, these waves routinely sink large ships. In business, they decimate growth and risk mitigation plans....
A quarterly business confidence index compiled by FirstRand Ltd.’s Rand Merchant Bank unit and Stellenbosch University’s Bureau for Economic Research jumped to 50 in Q2, from 35 the previous three months. At the same time, a monthly index by the SA Chamber of Commerce...
Risk management has always played an important part in any business. The ability to predict an event that will have a material impact on a company or an industry trend that will significantly influence the company’s actions is key to the company’s survival. This is...
The pandemic has accelerated a trend that has been unfolding over the last decade. As the world has grown more digital and complex, the range of decisions that leaders need to make has broadened, spanning from big picture strategic thinking to careful execution, to...
The short- and long-term insurance ombuds jointly returned almost R300m to aggrieved consumers last year as complaints spiked during the Covid-19 pandemic. Both offices said that while complaints initially dropped off in the early stages of the first lockdown...
The number of employed people fell again at the start of 2021 as SA’s second wave of coronavirus infections and the associated lockdown shrunk job opportunities across all age groups. While 55% of survey respondents in the National Income Dynamics Study — Coronavirus...
One of the best ways to deal with disruptive changes is to start by looking within. Emotional Intelligence is a tool you can use to develop your internal world in a structured way. It will help you unlock new ways of relating to your co-workers and staff and will...
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