In situations of extreme stress, where assumptions are exploded and the most carefully planned budgets and projections prove ineffective, problems appear so large they can seem insurmountable. According to organisational theorist Karl E. Weick’s seminal January 1988 paper, Small Wins: Redefining the Scale of Social Problems, a problem’s size “often precludes innovative action” because the […]

Essential to the execution of international trade between buyers and sellers are Incoterms®, or International Commercial Terms. Incoterms® rules exist to provide specific guidance to individuals participating in the daily import and export of global trade.               These rules account for the assumed cost risks and responsibility for importers or buyers at each point of […]

Small, Medium and Micro Enterprises (SMMEs) are widely recognised as the driving force of the South African economy. The National Development Plan (NDP) has stipulated actions to stimulate the growth and sustainability of the SMME market, envisaging that SMMEs will create 90% of new employment opportunities and contribute between 60-80% to national Gross Domestic Product […]

In the next installment of Letsema Talks, we speak to Moshe Unterslak, a Consultant at Letsema, about FICA, the associated 2017 Amendment Act and its impact on financial institutions and the regulatory environment they operate in. Our conversation follows Moshe’s recent article, FICA Amendment Act: What you need to know. To find out how Letsema’s […]

Financial institutions are constantly being confronted with greater scrutiny, increasing tax audits, and regulatory changes. The requirement to find more efficient and effective ways of conducting global tax information reporting, including but not limited to the Foreign Account Tax Compliance Act and the Common Reporting Standard, has become a vital business need. In the past, […]

In the latest installment of Letsema Talks, Rowan McDonald, Partner: Corporate Finance at Letsema, talks about how business valuations have been impacted by the COVID-19 pandemic, what businesses can do when assessing their own situation, and his thoughts on COVID-19’s impact on future economic development, among other topics. To find out more about how Rowan […]

In the next installment of Letsema Talks, Annabel Fenton, a Senior Consultant at Letsema, discusses how technology has changed how communities are defined and COVID-19’s impact upon social connection, among other topics. Our conversation follows Annabel’s recent article, ‘Constructed communities’ in the time of COVID-19 To find out more how the Strategy team can help […]

In the next installment of Letsema Talks, Tafadzwa Mudyiwa, Associate Partner at Letsema, talks about the different relief options available to SMEs within the public and private spheres, and how they can make themselves as resilient as possible in this time of economic crisis. Letsema Talks · Letsema Talks: SME relief strategies in a time […]

In the next installment of Letsema Talks, Yoshlin Pillay, a Consultant at Letsema, elaborates on what supply chain visibility (SCV) is and why SCV transcends operations to play a key role in an organisation’s strategic planning. Our conversation follows Yoshlin’s recent article, The what, why and how of supply chain visibility. Letsema Talks · Letsema […]

In our latest episode of Letsema Talks, we speak to Manav Sachdeva, an Associate Partner at Letsema, about digital procurement, its evolution, current trends within the space and the role it plays in a business’s COVID-19 response and recovery strategy. Our conversation follows Manav’s recent article, Procurement eAuctions: Delivering savings in a tough economy, written […]