Retirement: Surviving the Interest Rate Cycle

retirement financesWith the economy growing at a slower tick than previously expected, the South African Reserve Bank recently took a decision to lower interest rates. At 8.5%, the lowest interest rate in several decades, the prime lending rate has been reduced in order to encourage economic growth an assist South African businesses who find they are facing challenging times. However, one group of people may not benefit from low interest rates: retired people who rely on money market funds for their monthly incomes. Continue reading

Business Strategy – Let Us Assist You

business-strategyA comprehensive business strategy is essential to the success of every company, from a small sole proprietorship to a large corporation. Business strategy offers business owners and managers the opportunity to take a step back in time and space and view their businesses from a new perspective, weighing up the costs and benefits of management systems, marketing goals, and the day-to-day running of the business. Continue reading

Company Cars, Personal Use, and PAYE

company-car taxEmployees who have the use of a company car may sometimes use the vehicle for personal use – this is a fringe benefit which must be taxed by adding it to the employee’s PAYE each month. If you have an employee who has been assigned a company car this taxation process is essential in order to comply with SARS regulations. Here is a quick guide to the taxation of personal use on company vehicles: Continue reading

Don’t Get Caught in a Sales Funnel

sales-funnelEvery business relies on sales and marketing to attract new customers and retain existing ones. When it comes to attracting new customers, one effective strategy involves creating awareness of a product or service, contacting potential clients and customers, and selling your products and services in a convincing way which will turn the potential customer’s interest in your product into a willingness to buy. Continue reading