In an era defined by information and innovation, businesses all understand the importance and value of data. However, the true potential lies not just in its collection, but in leveraging it as a strategic asset. Lee Wearne, Data Strategist at Insight Consulting, unravels the key to unlocking your organisation’s data maturity in his article. Lee emphasises the critical role of people, along with processes, and technology in leveraging data as a strategic asset.
Mergers & Acquisitions (M&A) has long been a vital part of the global financial ecosystem, with the first deal dating back to the 1870s. Until recently Africa hasn’t developed enough companies of scale for successful M&A to drive highly profitable exits, with M&A on the continent accounting for only 2% of global deal value.
Overall, establishing a business in a free zone might seem pricier at first compared to a mainland setup, given the extra charges levied by free zone authorities, including license fees, visa fees, and registration fees. Nevertheless, free zones frequently provide inducements like tax exemptions, discounted office space, and additional benefits that could potentially balance out these initial costs over the long term.
The significance of leadership development cannot be overstated, especially when considering statistics from the World Economic Forum, which anticipates that 50% of all employees will require reskilling by 2025, with leadership being one of the top skills in demand. Furthermore, organisations with leadership development programs are reported to be 86% more capable of responding to adversity.
The accessibility of generative AI tools has lowered the barriers for would-be criminals, while the transition to hybrid work models and geographically dispersed teams has expanded the attack surfaces they can exploit. In this context, the overlap of AI technology and the interests of financial leaders becomes increasingly significant, says Ryan Mer, CEO of eftsure Africa, a Know Your Payee (KYP) platform provider.
The South African fraud landscape is becoming increasingly risky as fraudsters and scammers look to target individuals with highly sophisticated scams in an environment where it is becoming increasingly difficult for lawmakers and authorities to bring these criminals to justice.
Meeting last week in Abuja and Lagos for the 2023 Energy Transition Forum, Nigeria’s leading energy experts have outlined the country’s roadmap to decarbonisation, and discussed what it will take to deliver universal access to clean energy for Nigerian households and businesses.
As technological advancements and market dynamics continue to evolve, staying ahead of the curve is no easy feat. For Senzo Mbhele, Managing Director at Tarsus On Demand, the vision for the future is rooted in the belief that a successful business should be built ‘for the people, by the people’.
Companies are shifting away from viewing success only through a financial lens, by taking on a more progressive, people-centred and purpose-led approach to business. Savina Harrilall, Chief People Officer at Mukuru, shares insight on how to recognise and develop the unique talents of each employee that creates value beyond profits. By embracing diversity, connecting with communities and fostering strong leadership to empower employees, South African businesses are able to make a positive impact.