A destination of ideas
We have created a system that in practice rewards inefficiency, makes peers and managers afraid to tackle incompetence and perpetuates a belief that the employer is by default the one that ends up paying. In fact, the CCMA claims a 70% settlement rate – meaning that in 70% of cases the employer is encouraged to simply settle to get rid of the problem, whether justified or not.
Do small business owners understand what rights they have when dealing with errant employees within their probationary period? Or will most end up being held for ransom by their employees who understand the labour law better than they do? By re-thinking the labour law’s ‘probation clause’ we would reduce some of the risks inherent to being an entrepreneur
One of the Finweek / Aurik BizAccelerator entrepreneurs is making big strides in their business
If you pair an entrepreneur up with an existing business where the owner is wanting to retire, the new entrepreneur will take an already successful business forward in leaps and bounds not only because all the value drivers that make a business successful are in place, but also because technology has changed and the retiring owner will certainly not have taken advantage of new technologies and the new entrepreneur will.
President Jacob Zuma’s commitment to ensuring that government departments pay small and medium enterprises (SMEs) within 30 days, made during his recent State of the Nation address, should be embraced by South Africa’s small and medium enterprises (SME) sector.
Leading financial journalist Bruce Whitfield recently wrote a cover story where he picked the five worst CEO jobs in South Africa. While there were a number of obvious candidates (Telkom, Lonmin and SAA), the less obvious selection was that of “The South African Entrepreneur”. Bruce argued that local entrepreneurs find the deck stacked against them from a regulatory perspective and an entrepreneur-unfriendly operating environment.
Small businesses could drop two places in their BEE ratings if they fail to meet minimum requirements.
The South African Institute of Professional Accountants (SAIPA) has called for the creation of a unified, strategic national policy to assisting small business
A talented leader and one of the pioneers of black business, Mabuza is a breath of fresh air within the troubled business lobby group. Busa couldn’t have wished for a better leader.
