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Managing a business

The digital deception: The rise of AI insurance fraud threatens the industry and consumers

Across the world, the emergence of AI and deepfake technology has upped the ante in the fight against insurance fraud. AI-generated images are being created in droves to trick insurers into processing claims when the items are, in fact, in perfect condition.

From photos of cars doctored to look like they have been in serious accidents to household contents with realistic-looking damage plastered on top – the arms race between insurers and fraudsters has escalated.

Strengthening cash flow management: essential strategies for South African SMEs

Article written by Rencia Jansen van Vuuren (Founder at ProFinance Solutions )

Cash flow management is a fundamental aspect of running a successful business, especially for small and medium-sized enterprises (SMEs) in South Africa. In a landscape characterized by economic volatility and unique local challenges, maintaining a healthy cash flow is crucial for business sustainability and growth. This article outlines key strategies for managing cash flow effectively, drawing on the types of financial solutions available from various service providers in the South African market.

7 practical and simple ways South African SMEs can digitise their businesses

Digital transformation is revolutionising the way small and medium-sized enterprises (SMEs) operate across the globe, and South Africa is no exception. As technology continues to develop at a rapid pace, it is playing a crucial role in helping small businesses streamline operations, improve customer experiences, and remain competitive in an ever-evolving market.

Here are seven practical and simple ways South African SMEs can digitise their businesses;

Your guide to setting up an online store

If the events from recent years have taught us anything, it’s that online shopping is here to stay. And it’s no wonder that something you can do from the comfort of your home, on any device and at any time is only growing in popularity.

Whether you run a brick-and-mortar store and want to capitalise on the ease of online shopping, or if you want to take your business fully digital, setting up an online store can be a smart decision for your business.

Wellbeing at work: how to keep your team healthy

Article written by Alex Hoffman (Engagement Manager, Syft Analytics)

Health, wellness. These are big buzz words, ones which are, perhaps, preferable to illness. Have you noticed the transition from discussions around "mental illness" to discussions around "mental health" for instance? This renewed emphasis on health may seem like a good thing, but I tend to be sceptical.

For all this talk about wellness, we live in an increasingly unwell society. According to a report conducted by The Lancet in June 2020, "obesity has tripled since 1975, and around 2 billion people are overweight worldwide". This, coupled with tobacco and alcohol use (or abuse), air pollution, insufficient physical activity, and unhealthy eating habits contribute to most non-communicable diseases (NCDs), that account for 72% of deaths worldwide. The Lancet report argues that governments are not doing enough to improve issues surrounding inequality, economic crises, or continuing environmental damage, which cumulatively impact upon health.

Beyond bonuses: creative ways to motivate and reward employees

Motivating employees isn't as simple as giving traditional bonuses. Today, organizations are beginning to discover more holistic approaches.

Motivating and rewarding employees has evolved beyond traditional bonuses that revolve around financial incentives. Although giving an incentive remains important, organizations increasingly recognize the value of creative and holistic approaches to employee motivation. These strategies boost morale, foster a positive work culture, enhance productivity, and improve employee retention. Here are some innovative ways to motivate and reward employees beyond monetary bonuses.

Different rules for women

Article written by Catherine Wijnberg (Founder of Fetola)

Every August I am asked to reflect on the special journey of women in business, and every year I struggle to give the answer that people expect from me, which is to agree somehow when it comes to business, that women are not the same as men.

The truth of the matter is that personally, I have always approached my role as a business leader with the attitude that there are no special rules for female founders – you are either good, in which case you succeed, or you are not, in which case you fail.

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