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Steps taken to safeguard Eskom

In his maiden Medium Term Budget Policy Statement (MTBPS) in October, Finance Minister Nhlanhla Nene said that steps to safeguard power parastatal Eskom have been taken to secure its financial stability. Eskom will borrow R250bn over the next five years supported by existing guarantees from government. Government will provide at least R20bn in funding raised through the sale of non-essential assets.

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Considering selling your business? – Don’t leave it too late!

Timing the sale or exit from a business is critical and there are a number of factors to consider besides the very important aspects of personal life-style changes and goals. Other considerations such as the continued growth and sustainability of the business are very important to a buyer. These considerations will therefore affect the maximization of the sale value, says George New, Manager, Horizon Capital, a corporate finance and asset management company that specialises in the sales and acquisition of medium-sized enterprises.

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