the pride of Africa's women entrepreneurs
by Sylvia Walker
To say that it’s a tough business environment right now is an understatement. While many of us are trying to put food on the table, others simply have no income. Adaptability is key and we have to rethink how we operate our personal as well as business finances. New circumstances are creating a new normal for us. Some tips and pointers as to how to adapt and switch our thinking.
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Impact Partner Content: Absa / Absa Forex
Keep your business in balance with these foreign exchange (FX) strategies for COVID-19 and beyond. Right now, the only thing that’s certain is uncertainty. As any entrepreneur will tell you, the COVID-19 pandemic – with its lockdowns and downturns – has brought confusion and volatility to almost every aspect of doing business.
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Impact Partner Content: Absa / Absa Forex
Whether you’re sending or receiving money cross-border, investing offshore or planning a trip (post-lockdown, of course), here are the facts you need to know about foreign exchange (FX).
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From the Lionesses of Africa Operations Dept
Last weekend, we looked at ‘Lean Transformations’ and within that we pointed out that McKinsey had shown that 70% of transformations failed due to no buy-in from or a failure to carry these important stakeholders: Board, Management, Employees (and not necessarily in that order).
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From the Lionesses of Africa Operations Dept
So we’ve all heard of the 4 C’s of Diamond buying (cut, colour, clarity and carat) and now thanks to a fabulous Lioness Co-Lab we have the 5 C’s with an amazing collaboration between Clare Appleyard, founder of Katannuta Diamonds and Vicki Bain, founder of Chocoloza, meaning we now have Cut, Colour, Clarity, Carat and Chocolate! Who could ask for more?
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From the Lionesses of Africa Finance Dept
So we had a very interesting and busy week. It got us thinking that the issues we were seeing from the Lionesses sensible enough to give us a call and get our Head of Finance (‘HoF’) to simply ‘kick the tyres’ of deals before they sign (including one that was initially refused finance and has now gone back with a tighter and more rounded application) were probably representative of many issues that our larger membership was also facing and having to decide upon.
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Kathryn Main - Money Savvy Kids
We all know that life during COVID 19 is filled with countless unavoidable worries of the financial kind. Some may feel it more than others, but we all feel it non-the-less. We are losing our jobs, taking salary cuts and closing our once thriving business. Basically, we go into level 1 of survival mode when it comes to our finances due to the crunch we feel.
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by Thandekile Moloko
Many of us have well wishes for the new decade that many have crowned 20-plenty. With the pandemic ushering us into a year that doesn’t really seem like plenty, there are a few things that we need to bear in mind. Sure, these are trying times, we are all worried about our families, mental wellbeing, job security, and the ever so important financial security. This period of our lives has somewhat placed a spanner in the works of what is meant to be a great year.
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by Sylvia Walker, author of SmartWoman
It’s been a tough year financially as the world has reeled under the impact of Covid-19. For many, the financial impacts have been far-reaching and it’s been a daily battle just to keep afloat. As the economies slowly start opening up again and business start operating, some people are left with financial devastation – how and where do you start rebuilding and moving ahead?
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Impact Partner Content: Absa / by Justin Schmidt
The manufacturing sector saw capacity utilization fall to 79.3% in February, a 7-year low, indicating that there was rising pressure on the sector even before COVID-19 enforced lockdown restrictions. This underutilization was driven by a lack of demand, as well as the high levels of load shedding.
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by Ronel Jooste CA(SA), Financial Consultant, Speaker and Author of ‘Financially Fit and Wealthy’
Concerns were rightfully raised about the various relief options which have been announced to help individuals and businesses who have been affected by the national lockdown in South Africa, enforced to stop the spread of the Coronavirus. It became evident that most relief funding options are in the form of a loan repayable with interest.
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Impact Partner Content: Absa / by Michael Keenan, Peter Worthington & Wessel Lemmer
Farmers’ expertise lies in the production of agricultural commodities, but the exchange rate is critical to farmers’ profitability. South Africa has one of the most volatile exchange rates in the world, for a complicated variety of reasons, which adds to the risk faced by agricultural producers in South Africa’s risky environmental situation, with unpredictable rainfall. Absa’s expertise in financial markets can help agricultural producers to manage their foreign exchange risks to the benefit of their bottom line.
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Impact Partner Content: Absa
The recent global health crisis has many of us deeply concerned about the health and wellbeing of our family, friends and employees. Not to mention the impact it has on us as business owners. We may consider a multitude of strategies, tactics and angles, but at the end of the day it effectively comes down to one thing – the lifeblood of our businesses…cashflow!
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by Sylvia Walker, author of SmartWoman
The world is in crisis, grappling with a new reality. With lock downs and other rules to curb the spread of the Coronavirus, money issues have rocketed to the fore. Many business face ruin as they cannot operate, individuals find themselves off work with no pay, others may be on short pay and yet others are being retrenched as their businesses can no longer operate. Some are fortunate, though, in that they can work from home, or are being paid by their employers irrespective of whether they are working or not.
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by Eldari Visser
Without a doubt we have been attacked. Many of us feel it in our core as humans. We hear of devastating news, people that mourn and people that suffer. This has a tremendous impact on the psychological thinking of a human as validation that we are still in control. We surely don’t feel in control. The only way to feel in control is to make a living. Work makes us feel that we are..... in control!
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