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Posts Tagged ‘Finance’
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January 24, 2020

The rise of intelligent financial planning

The role of the modern CFO is evolving.

From accounting specialist to dynamic, business performance leader, CFOs are increasingly responsible for both rapidly identifying business opportunities – and intelligently guiding their companies accordingly.

Yet, many CFOs continue to rely on static planning processes – traditional approaches to data collection and decision making, based on spreadsheets and point-in-time budgets.

In doing so, they may be putting companies at a significant disadvantage.

“Because the planning process is slow, sluggish and reactive, business leaders find out too late if they have overspent budget or are losing market [...]

7
 
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August 20, 2019

Mobile phones are replacing bank accounts in Africa

It doesn’t look like the hub of an online bank. But that’s what the yellow and blue metal kiosk becomes when Albert Agane locks himself behind the metal bars every day at 6am.

From his perch along a dusty suburban thoroughfare in Accra, the 28-year-old helps fellow Ghanaians withdraw or deposit cash for accounts they operate from their mobile phones. All they need do is text.

Mobile money is the fastest-growing source of income for wireless-network operators like MTN and Vodafone’s Safaricom unit, outpacing data since many Africans don’t have the latest smartphones. They need agents like Agane because ATMs and bank branches are out of reach, or too costly.

“In a [...]

16
 
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July 11, 2019

What to consider before venturing into franchising

Many entrepreneurs consider going into franchising as a guaranteed route to attaining business success.

“Despite the sector having a higher success rate compared to its counterparts, franchising has its pros and cons and will not necessarily be suitable for every entrepreneur. Entrepreneurs who are considering or have decided pursuing franchising as a business opportunity should perform due diligence to avoid making costly mistakes,” says Morne Cronje, Head of Franchising at FNB Business.

He shares key factors that entrepreneurs should consider to determine if franchising suits their needs and business endeavours.

Is franchising right for me?

Acquiring a tried [...]

5
 
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July 1, 2019

SEZ COULD REVIVE MANUFACTURING CAPACITY IN VAAL TRIANGLE

Although growth has been subdued for several years, there is still potential to open up opportunities for both small and established businesses while stimulating economic activity and creating much-needed jobs in the country. SEZs are key in helping us to develop a global competitive economy and achieve our industrial policy objectives.

SEZ’s are particularly attractive for international investors who are looking to set up operations in the country as they can reduce the cost of doing business through incentives from the Department of Trade and Industry (DTI). These include favourable corporate tax rates, customs, infrastructure and employment benefits, and much [...]

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