A guide to Forex Trading in South Africa

A guide to Forex Trading in South Africa

Trading of foreign currency is an ever-growing market. This type of trading is fast-paced and unpredictable with potential for high risk as well as great rewards. Now more accessible to less affluent individuals, forex trading provides an array of individuals with opportunities for creating wealth.

What is forex trading? Here are a few basic concepts:
Foreign Exchange trading, commonly known as Forex Trading is the buying and selling of different global currencies.

The prospective trader acquires an amount of money in the currency of their choice (known as the base currency). The goal is to sell off currency for another.
Read more

Marriage in community of property pros and cons

Marriage in community of property pros and cons

What does Community of Property mean?

Getting married is a big step in a number of ways. The union of two lives doesn’t only end on the wedding day. Individuals become one not just emotionally and spiritually, but also financially. It’s important for couples to plan for the marriage thoroughly. This includes making arrangements for financial implications of marriage.

In South Africa, if you get married without making arrangements for signing an antenuptial contract, you are automatically married in community of property.

Getting married in community of property means that the assets you and your partner owned before and during your marriage are combined. It also means that you will need to obtain written permission from your spouse to buy or sell property.
Read more

Tips on how to create a Small Business Marketing Plan

A good marketing strategy attracts the right kind of business. It’s important to examine each part of the strategy, to ensure that you achieve maximum benefits.

What is a marketing plan?
This is a document that spells out the company’s goals and the proposed strategies and business tactics that can be used to achieve them. It should be flexible and should reflect current trends to help you stay ahead of competitors.

Important steps to consider:
Identify the audience each activity is targeted to:
Read more

Why prenuptial contracts are important

Prenuptial contracts – There are a range of laws which govern the way that two people are joined in marriage. Various legal documents must be drafted before people get married so that each party is legally protected.  Before getting married, there are a few changes that need to be clarified, such as changes in ownership and property rights. Even though getting married is a special step in life, it’s also important to remain realistic about difficulties and challenges that arise which may lead to divorce. It’s for this reason that an Antenuptial contract is highly recommended for newlyweds.

Read more

How Small Business Cash Flows work

Running a small business can have great opportunities and potential. It also comes with numerous demands and challenges. Business owners require a specific skill set to run successful businesses. They also need to be able to manage funds effectively and efficiently.

Why cash management is important:
Managing the use of cash flow is important and enables the business to run more efficiently. Part of this is ensuring that there is a balance of debt and income. By managing cash efficiently while still a small business; it will make the transition to being a larger corporation simpler.
Read more

Ways to get the best results out of your business advertising budget

Ways to get the best results out of your business advertising budget

Advertising is a powerful tool used for bringing your product or service into the public eye to attract customers. Effective management of advertising funds can help to improve overall business functioning. Here are a few ways you could get the best results out of your business advertising budget:

Define your target market:
When you have a product or service that you want to promote, advertising is the most powerful tool you can use. When you are fortunate enough to have a business that has a budget specifically designated for advertising, a wise move would be to find ways of ensuring that you use these funds effectively.
Read more

Memorandum of Incorporation – what you should know

Forming a business goes beyond having a vision and business sense. There is also a substantial amount of legal proceedings involved. Having a company also means that it will need to be recognised as a legal entity. This way, the company can receive necessary legal benefits and will be compliant with all necessary requirements.

What is a Memorandum of incorporation?

Before implementation of the Companies Act of 2008, companies had to be registered by way of both a Memorandum of Association and Articles of Association. Once the new Act was enforced, companies had to register with a single Memorandum of Incorporation (MOI).
Read more

Books all entrepreneurs need to read

Books all entrepreneurs need to read

Reading books can help you gain insight and inspiration as an entrepreneur.  You can gain some valuable tips on how to improve not only as an individual, but also as a business owner.

Here are 10 books all entrepreneurs need to read:

Enchantment by Guy Kawasaki:
“There are two kinds of people and organisations in the world: eaters and bakers. Eaters want a bigger slice of an existing pie, bakers want to make a bigger pie.”

This book advises on how you can really take care of your customers.
Read more