Is your business prepared to recover from a ransomware attack in 2021?

Ruben Onsu

Kate Mollett, Regional Director for Commvault.

Cyber crime is a multibillion-dollar international industry and is not going away. Ransomware has taken centre stage, with large and highly publicised attacks costing global enterprises significant sums and even putting some out of business. Given the current economic climate, the ongoing work-from-home scenario and the rapidly growing attack surface, the situation is only going to get worse. Ransomware is also becoming increasingly sophisticated, more difficult to detect and harder to recover from. For businesses, the question is not if they will be attacked, but when. Being adequately prepared for recovery is critical.

read more

Local business network welcomes 2021 budget

Ruben Onsu

Fourways Chamber of Commerce and Industry has welcomed the tax adjustments made by the minister of finance, Tito Mboweni announced in his 2021 budget speech.

The business network said tax adjustments announced by the minister would assist local businesses to grow and have some savings following the devastating impact caused by Covid-19 lockdown regulations.

The CEO at the business network, Linda Blackbeard said they were, however, disappointed with the budget allocated to the Department of Education this year.

“As a developing state, to allocate more budget to social grants than to education is truly disheartening. We need to spend more

read more

SA’s business cost of COVID-19

Ruben Onsu

SMMEs are not coping with the effects of the pandemic, while fraud and suspicions hovering over temporary relief schemes has not given businesses much faith.

Following the strict lockdown regulations currently in place in South Africa, many breweries and micro-brewers are struggling to keep their doors open. Owner of Just Brewing Co. Julian Pienaar had to close a restaurant he co-owned and let some of his staff go, but managed to keep three out of his eight employees, including the chef who now works in his brewery. Picture: Xanderleigh Dookey-Makhaza

JOHANNESBURG – While the global community has praised South Africa

read more

Lionesses to roar in business

Ruben Onsu

A social organisation working to advance Africa’s women entrepreneurs, Lionesses of Africa, aims to help women realise their potential in the business sector.

In its recent instalment of the Lioness Lean In virtual discussion on 5 March, founder and CEO Melanie Hawken encouraged women entrepreneurs to take their place in the economy and business sector. To help women do this, the organisation launched the South African Women’s Entrepreneurs Job Creators Survey.

The survey aims to provide insights into the potential of women-led businesses and their capacity to create employment in an economy and country which currently suffers from

read more

SA Covid-19 assistance initiative props up businesses

Ruben Onsu

By ANA Reporter 47m ago

Share this article:

JOHANNESBURG – An initiative set up to help South African businesses cope with the economic fallout from the Covid-19 pandemic said on Tuesday it had helped 320 stay afloat, saving more than 2000 jobs.

The Covid Business Rescue Assistance (COBRA) initiative released its statement a week after data from the national statistics agency showed South Africa’s economy contracted by seven percent in 2020 — after edging up 0.2 percent in 2019 –as the health crisis took its toll.

The success of the initiative shows that

read more

Lawmakers Should Avoid Impulse to Tax All Stock Trades

Ruben Onsu

U.S. amateur traders have blown up traditional Wall Street maneuvers — and the entire world is watching. Last week, amateur retail investors banded together to buy traditionally unassuming stocks including GameStop, AMC, Bed Bath & Beyond, and Nokia. Although their goal may have been to stick it to short-selling wealthy hedge funds, the result was market instability.

The episode sent Wall Street into a tailspin, and it’s just the latest rebellion against long-established, big institutions in this country.

Already, conversations about the events are shaping discussions around public policy and the role our lawmakers should play in regulating Wall Street.

read more