September 2020

As we slide down the lockdown scale, business is starting to rebuild, reorganise and recover. Yes, the quarter is likely to show disastrous results for the economy, but South Africa has faced this type of maelstrom before. With many recessionary periods over the past two decades, South African businesses have learnt to be resilient and nimble, and those that haven’t are no longer with us.

Our lead feature for September comes from Curo Fund Services. We talked to CEO Barri Maggott back in April and found out about some of the exciting plans this third-party administration business had in the pipeline. At that stage, the pandemic was worsening but it’s full effect not yet realised. Now we ask Curo what has had to change and what impact the situation has had on future growth.

As everyone keeps saying – this is not a situation that will resolve itself over night and the effects on public health and the economy will be long-lasting. The key here is innovation. How can a company innovate to stay relevant and ensure it meets to existing and new needs of its clients? Not an easy task, but one which is now faced by all.

The fact of the matter is that business must go on. Money continues to move, people still require products and services, and those that thrive when times are tough are always those that gain when the tide turns.

Get in touch now and tell us how you’re handling the situation and what you’re doing to better meet the needs of clients in these unusual times. LinkedIn and Twitter is where you’ll find us.