Invest Africa: How Family Firms remain in Business
I was recently featured on the 35th edition of the Invest Africa series, joining in on a panel discussion looking at how family businesses retain longevity across generations… According to the Small...
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Top Family Businesses in South Africa
Working hard to get your family business off the ground? South Africa lays claim to a host of successful family businesses in varied fields, from retailing and mining, to fast food and health and...
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Shared Services – Maybe.
If you had asked me as to whether or not shared services is the way to go three years ago, I would have said “No”. I’ve run a successful retail business for many years now; and I’ve experienced...
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KPMG study shows nearly 60% of family owned businesses are struggling to find...
Our global survey – Family matters: Financing family business growth through individual investors, has found that 58% of family businesses are currently seeking external financing to fund their...
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Family Businesses Stay Close to Family
When your family has built and developed a company through multiple generations, you usually wish to maintain strong links through majority ownership and taking day-to-day management roles within the...
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Successful leadership lessons for family businesses
To successfully lead a family business you need a system that results in decisiveness and unity. Why? Because if your leadership roles are poorly designed and badly structured, you set your family...
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Preserving wealth vs. Accumulating wealth: the challenge for family business
One of the major goals of a successful family business is the accumulation and preservation of wealth, designed to safeguard the lifestyle of generations to come. It’s important for the owners of a...
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Family business tips for improved cyber-security
Barely a day goes by without a cyber-attack or other incident hitting the mainstream press. Recently we have seen a number of high-profile cases with large companies such as TalkTalk and Sony Pictures....
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When to pass the family business on
Comparison between tax on family business transfer upon inheritance or during retirement While the majority of countries treat gifts on inheritance in no materially worse a way than retirement, certain...
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The biggest life event in your family business
Family Business: With statistics showing that only 30% of family businesses survive into the second generation, with a greatly decreased percentage making it into each generation after that – how you...
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Do your family business meetings add value?
How are your family meetings structured? Are they ‘one in, all in’, ‘us and them’ or is there a clear structure which all family members understand and observe? Structure ensures that the ‘right’...
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What do family businesses need to plan for?
No two family businesses are the same. They each have their own unique mix of family dynamics and business challenges. The dynamics and challenges also aren’t static and change over time depending on...
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The family business – till death do us part
An individual owning a successful family business needs to identify clear commercial and family objectives before weighing up the various impacts of either selling or keeping the business. Having...
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Family enterprise diversified
The demographic reality for most business families is that their enterprise has to grow and diversify to support the needs and ambitions of a growing family. It is all about the family A family...
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Grooming your business for sale [I]
Getting your business ready for sale can help improve pricing and reduce the time to complete a transaction, but there are two other compelling reasons to begin grooming your business: Most of the...
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Feedback report on KPMG Family Business Conference 2017
KPMG Enterprise South Africa, hosted its fourth Family Business Conference on 18 and 19 September 2017, at the Radisson Blu in Sandton. With the initial day of the conference focusing on key business...
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What’s the tax bill for transferring a family business in South Africa?
Succession planning is a vital consideration for business families to effectively transfer their business from one generation to the next. Although estate planning generally focusses on an individual...
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