Best Practice Financial Management Principles of SMEs in South Africa The evolution of market dynamics accentuated the focus of large corporate enterprises towards the emerging world in search of growth and competitive advantage (Miller & Shamsie, 1996). Globalization and Information Communication Technology (ICT) development are at the forefront of...

Why is cash flow so important? Cash flow is the lifeblood of any business. Cash is absolutely critical in the growth and well being of a business. Business owners must plan and prepare for all future events and market changes. The most important aspect of planning is effective cash flow management....

Bookkeeping is a skill that is sadly overlooked in many small businesses and entrepreneurial ventures, because business owners try to minimise expenditure on “extras”. However, bad financial management – both on the large and small scales – leads to the closure of over half of all new business venture. In this...

Most businesses are created, at least in part, to make money, and financial achievement is an important way to measure the success of a business. An important part of the process is constantly re-evaluating and redefining your financial goals – and it’s not as simple as just trying to make more...

Saving extra cash monthly is probably one of the hardest things to do, but it's the number one rule you must obey in order to be able to invest in assets and be able to build passive that will generate even more money.

We have compiled some quick tips in our February issue of WealthWise magazine to help you finally decide to save and open a savings account as a first step to your financial freedom.

WealthWise is South Africa’s first free digital magazine about wealth, wealth management, business and investments. We are offering  easy-to-use, accessible and practical advice, tips and tricks on how to take your wealth to the next level. In other words, WealthWise focuses on financial education and ways of achieving wealth, but...

We've started a new blog  for Pastel Accounting Partner and Xpress software users,  we put varied tips and hints HERE.Examples of the types information you will find: TCP/IP configuration ->  stabilize and optimize your network. Pervasive Configuration -> Ensure Data Integrity and Optimize Data AccessStep By Step How To's Its new as at this blog date, so we would love...

Hi! I;m Barry and used to have a construction business until the recession took it away. I am sure there is many more people like me who lost it all, including the jobs that go with it, but we have to somehow get up and running again.

Problem: What can one do to get finance from a financial institution for a new venture? Here's the bad news: Without at least 80% (and mostly 100%) security for the loan, ABSOLUTELY NOTHING!! I have an business plan rated by all banks I applied at as "EXCELLENT". Loan required only R200 000 - R250 000, gross profit estimated around R1.3 mil in the first year, but "Sorry, we can't help you." 20 permanent jobs in 12 months, more to come, good profit, excellent business plan, cheap to run, excellent profit prospects, what more would they need? IDC, Shuttleworth Foundation, Khula, a wheel barrow full of others: NO GO.