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    • <span>Employment</span> Equity Reporting

      Employment Equity Reporting

      What is it?

      The Employment Equity Act strives to remedy past discriminatory employment policies and practices – specifically those prejudiced against a person’s race, gender or disability. It also seeks to decrease the wage gaps between employees.

      The Act requires designated employers to submit an Employment Equity Report detailing the composition of their workforce to the Department of Labour – this includes permanent, non-permanent and foreign nationals employed by the organisation. The deadline for all electronic submissions for the 2012 reporting period is 15 January … • • • more

    • <span>Increase</span> employee work efficiency: just add water

      Increase employee work efficiency: just add water

      One of the many concerns in any business, especially large corporations, is the issue of employee work efficiency. There are various factors that influence efficiency and one which tends to pop up during performance reviews is always health-related.

      You might be surprised to know that one of the leading causes of ill-health is the lack of quality office water which means that employees tend to drink less than their daily requirement. This leads to a host of health concerns which impacts on their health negatively, … • • • more

    • <span>SA</span> SMEs need to create cash cushion

      SA SMEs need to create cash cushion

      During an economic downturn Small and Medium Enterprises (SMEs) are often hit the hardest. Unlike large corporations, SMEs do not have the large cash reserves required to navigate the turbulent economic conditions currently being experienced in South Africa.

      The National Debt Mediation Association (NDBA) announced earlier this week that there has been a substantial increase in small businesses going under due to financial stress, and that many people are taking out personal Micro Loans to support their businesses.

      According to Gerrie van Biljon, Executive Director … • • • more

    • <span>Cutting</span> the costs under pressure

      Cutting the costs under pressure

      What is the sequence of events when a business falls under financial pressure? Though the details can differ depending on the situation and who the entrepreneur is, there are certain stages that businesses could experience when they face the crunch.

      The first stage is that of hope, that tomorrow things will be better and this is just a passing phase. If we are patient things will right themselves. But then the pressure mounts, the cash flow deteriorates and a plan is needed.

      The natural step … • • • more

    Articles

    • 3 major reasons why your business should use debit order collections as soon as possible

      Once you’ve started a business there are many hurdles new owners must overcome. It is often surprising to new businesses owners how difficult, complicated and frustrating collecting money from debtors can be. After all, you are merely acquiring funds which are rightfully yours. Debit collecting is an effective method to ensure you receive money you are owed.

      However, debit order collections also provide three distinct advantages that can dramatically aid your business: making you and your business more effective, thus increasing your profit.

      1. Debtors … • • • more

    Money & finance

    • A quick guide on how to raise venture capital

      Raising venture capital is not just about presenting your business plan and pitching your idea – there’s a lot you can do beforehand to boost your chances of raising the venture capital your startup needs.

      Deciding what type of capital you need is one of the first decisions you should make. Do you need early stage capital, expansion capital or payout capital? Knowing which category you fall under is important for you to know before you approach any investors.

      If you need a small amount … • • • more

    The community

    • Graduating from a life of learning

      Most business owners have to build their enterprises from scratch. The same goes for Anelene van Wyk, except that her 14-room guest-house business in Springbok in the Northern Cape is merely the culmination of an entire life built out of nothing.

      At the age of 17, she was orphaned when her mother died in a fire that gutted the family home in Nababeep. Her father had died when she was six. She had no choice but to leave school with only a Standard 7 (Grade … • • • more

    Tips, tricks & tools

    • Business as a movie script: 5 hot business tips from movie icons

      Business inspiration can come from anywhere, even Hollywood. Here are five business tips you can get from famous movie and the story lines they follow.

      1. Take the risk

      In Die Another Day, James Bond is asked if he is a gambling man and his response is, “If the stakes are right.” Starting your own business is always a gamble, but a good question to ask yourself is: Is it worth the risk? Will the reward in the end make it worthwhile? Usually, the greater … • • • more