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Business Insight: Proactive strategies for businesses to tackle financial difficulties

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Proactive strategies for South African businesses facing financial challenges, including cash flow management and dispute resolution.

Business Insight: Proactive strategies for businesses to tackle financial difficulties. Think of frequent power outages, rising interest rates, along with never-ending petrol prices and interest rate hikes. These obstacles are enough to make anyone’s head spin and so it becomes imperative for businesses to adopt some clever thinking to tackle the tough times.

Try mediation or dispute resolution When facing financial difficulties and contractual disputes, businesses should explore mediation and alternative dispute resolution methods. Mediation offers a collaborative and cost-effective approach to resolving disputes, helping businesses reach mutually beneficial agreements with creditors, contractors or other stakeholders. You might just end up with a win-win solution for you, your suppliers, and anyone else involved.

King Charles III will host Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, and his wife, for a state visit to the UK. A number of stars that make up the cosmopolitan Amakhosi squad will be representing their countries during the FIFA international window.

 

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