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Paid leave for volunteering: it’s about more than giving back

16 April 2018

If you’ve ever donated your personal time to help others, you’ve likely experienced what psychologists call the ‘Helper’s High’, or the feeling of euphoria we experience when we help others. It’s addictive and we want to experience it again and again.

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How effective business solutions can help African distribution companies to grow

10 April 2018

From volatile foreign exchange rates to complex customs clearance procedures to unreliable logistics, African distribution companies face a range of challenges. At the same time, they have great opportunities to grow by meeting the continent’s increasing appetite for consumer goods from FMCG brands to electronics.

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Dear accountant, let the bots take your job

05 April 2018

Some 49% of respondents in Sage’s annual Practice of Now research, which surveyed 3000 accountants globally, say they would automate tasks like number crunching, data entry, and email and diary management.

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The clock is ticking for African companies to get ready for the General Data Protection Regulation

04 April 2018

A new data privacy and protection framework called the General Data Protection Regulation (GDPR) will come into effect across the European Union on 25 May this year – and it will change the game for African businesses, too. If your business based in Africa handles personal data about European residents and citizens, you will be expected to comply, even if you do not have a direct presence in Europe.

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Five accounting habits to break for any small business

26 March 2018

When you first started your business, you probably didn’t anticipate how much time it would take to balance your books and manage your cash flow – a major stumbling block for most small businesses.
‘Accountant’ is one of the many hats you wear as a small business owner, even if you’ve had no formal training and don’t enjoy number crunching.

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How to prepare for – and survive – late payments

23 March 2018

Late payments, bad debt and unexpected expenses are just some reasons why small businesses run into cash flow problems, which can impact their sustainability and profitability.
A recent study by Sage – ‘Late Payments: The Domino Effect’ – found that 15% of invoices in South Africa are paid late, while more than 88% of payments due to Small & Medium Business’s are never made or are made so late that businesses are forced to write them off as bad debt.

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Sharpening African manufacturers’ competitive edge with technology

20 March 2018

African countries from South Africa to Ethiopia to Nigeria are pinning some of their hope for economic growth and job creation on industrialisation. With its young population, dynamic growth and rapidly improving infrastructure, sub-Saharan Africa has the potential to become a manufacturing powerhouse in the years to come.

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The hidden VAT opportunities for small businesses

19 March 2018

For more than 25 years, the VAT rate has remained unchanged at 14%. Unlike with income tax, many businesses have never had to adjust their systems or train their teams on new VAT rates. Until now.
In preparing for the adjustment, your small business should grab the opportunity to review all other areas of your business and figure out where you can do more with less.

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NPOs invited to Sage Foundation’s ‘Platform for Change’ workshop

13 March 2018

Sage Foundation, in partnership with Phambano Technology Development Centre through TechSoup South Africa, invites South African non-profit organisations (NPOs) to attend a free workshop to see how powerful software tools can help them to save time and improve efficiency. The workshop will take place in Johannesburg on 20 March.

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