Risk strategies for the recession
Grant Thornton have released a well-written commentary on risk management that has featured in Daily Maverick. I guess we are all awaiting the national growth figures for the second quarter to June 2017 after the disappointing previous periods. They reflect on the need for businesses to examine their forecasts, cash flows and working capital cycles. On the Garden Route a further factor over the past few months has been the Knysna Fires and how that will impact individual businesses in coming months. The retail sector is also experiencing tougher trading conditions.