After years of successfully consulting to the companies which make up Ivory Holdings and their clients, Ivory Business Consultants is undertaking the next phase in its evolution after opening its services to the SME market in South Africa early in 2012. A name change to Sprout Business Consultants (trading as Sprout Consulting) – a fitting moniker for a consultancy which aims to initiate and support the growth of its clients, Sprout Consulting is positioning itself to take advantage of the need for business assistance in this segment.
Sprout Consulting offers comprehensive business consulting and outsourcing in the areas of IT, Finance, Human Resources and Marketing and as the demand for services has grown, so has the business. Sprout Consulting boasts an experienced team of over 15 professionals and a panel of expert strategic partners who provide a suite of business services allowing companies to focus on their core strengths. From assisting in developing the company strategy to outsourcing the payroll, Sprout Consulting can help all along the way.
Kevin Watson, a chartered accountant with an MBA, heads up Sprout Consulting and has worked in many industries in four different countries over the past 20 years. “The trend in fractional ownership of assets is well known to all, but there is significant shift around the globe to fractional ownership of the administration side of the business, especially in the SME market”, says Watson. “In the finance area for example, not many companies can afford a full time financial director and as such, the finance team may not be getting the best direction and management may not have easy access to the right advice. Mistakes can be costly. Sprout Consulting are able to offer SME’s the ability to totally outsource a business function (I.T., Finance, Marketing or HR) and/or have a representative at director level sit in on board meetings for our clients.”
Sprout Consulting is the only business consultancy SATIB can find which offers these comprehensive services and packages, making it a pioneer in its field.
Take the headache and risk out of running your own administration and create the time needed to produce and sell your products. Contact Kevin at kevin@sproutconsulting.co.za or 0861 728 4248 to discover whether your business can benefit.
Visit Sprout Consulting's website http://www.sproutconsulting.co.za.
Source: SATIB Insurance Brokers
Wednesday, October 31, 2012
Wednesday, October 17, 2012
Breaking News - SASRIA net profit cover
SASRIA (The South Africa Special Risks Insurance Association) has announced an option to include cover for Net Profit as an addition to the Business Interruption cover they currently provide.
Background
SASRIA was formed in 1979 initially in response to the need to provide cover for damage as a result of politically motivated riots which the conventional insurance industry were not willing to cover.
This cover was later extended to cater for damage caused by non–political riot, public disorder (including labour disturbances, civil unrest, strikes and lockouts), as well as terrorism. Particularly relevant currently given the degree of unrest the country is facing.
Latest Development
Whilst the Material Damage cover i.e. over buildings and contents etc. has always been available, cover for Business Interruption following damage was only introduced later and is restricted to either a) the specified Standing Charges or b) Working Expenses of the business i.e. up till now cover for Net Profit has been unavailable.
We’re pleased to advise that this cover is now available at the same rates as pertaining to Standing Charges/Working Expenses e.g. where there is a 12 month Indemnity Period the cost is R634 per R1M net profit on an annual basis, or R63.40 per R1M monthly.
This additional cover is optional and will not impact on any current arrangements. It is not available on it’s own and as for the Standing Charges/Working Expenses cover it does not afford the extensions that can be purchased for conventional (non–riot cover), however, it can be a vital element in providing true compensation in the event of an incident.
Recommendation
It would be SATIB’s strong recommendation that, where SASRIA Standing Charges/Working Expense cover is in place, the Net Profit cover be considered i.e. having decided (through your having purchased the cover) that there is a risk to the business, it would make sense to extend the cover for what was previously uninsurable – the additional cost should be fairly nominal and we would suggest, is well worth it.
Where you don’t purchase cover currently for SASRIA Business Interruption we would urge that you consider the risk most carefully – the spate of lack service delivery action, industry unrest – mining and other, truck driver strikes and the like, are resulting in alarming damages with severe financial impact (where uninsured).
Please do not hesitate to contact your SATIB Account Executive for more information/guidance in this regard or you can contact Gavin George (ggeorge@satib.co.za) or Bernadine Swinny (bswinny@satib.co.za).
Source: SATIB Insurance Brokers
Background
SASRIA was formed in 1979 initially in response to the need to provide cover for damage as a result of politically motivated riots which the conventional insurance industry were not willing to cover.
This cover was later extended to cater for damage caused by non–political riot, public disorder (including labour disturbances, civil unrest, strikes and lockouts), as well as terrorism. Particularly relevant currently given the degree of unrest the country is facing.
Latest Development
Whilst the Material Damage cover i.e. over buildings and contents etc. has always been available, cover for Business Interruption following damage was only introduced later and is restricted to either a) the specified Standing Charges or b) Working Expenses of the business i.e. up till now cover for Net Profit has been unavailable.
We’re pleased to advise that this cover is now available at the same rates as pertaining to Standing Charges/Working Expenses e.g. where there is a 12 month Indemnity Period the cost is R634 per R1M net profit on an annual basis, or R63.40 per R1M monthly.
This additional cover is optional and will not impact on any current arrangements. It is not available on it’s own and as for the Standing Charges/Working Expenses cover it does not afford the extensions that can be purchased for conventional (non–riot cover), however, it can be a vital element in providing true compensation in the event of an incident.
Recommendation
It would be SATIB’s strong recommendation that, where SASRIA Standing Charges/Working Expense cover is in place, the Net Profit cover be considered i.e. having decided (through your having purchased the cover) that there is a risk to the business, it would make sense to extend the cover for what was previously uninsurable – the additional cost should be fairly nominal and we would suggest, is well worth it.
Where you don’t purchase cover currently for SASRIA Business Interruption we would urge that you consider the risk most carefully – the spate of lack service delivery action, industry unrest – mining and other, truck driver strikes and the like, are resulting in alarming damages with severe financial impact (where uninsured).
Please do not hesitate to contact your SATIB Account Executive for more information/guidance in this regard or you can contact Gavin George (ggeorge@satib.co.za) or Bernadine Swinny (bswinny@satib.co.za).
Source: SATIB Insurance Brokers
Monday, October 15, 2012
SATIB's reach in Africa
Africa is at the beginning of an economic revolution across the full breadth and length of the continent creating investment opportunities in every sector, with a special focus on tourism infrastructure. This key developmental sector is where SATIB Insurance Brokers has earned its recognition as probably the fastest growing risk advisor in Southern Africa.
SATIB has over 22 years’ experience in dealing with the vagaries of providing insurance and risk management advice to businesses where specialist knowledge is essential. Our relationships and expertise in dealing with the individual demands of each country have positioned us as leaders in insurance throughout Africa. We are proud to have representative branches in Botswana, Namibia, Zambia and Zimbabwe, in addition to our five branches in South Africa. SATIB has also established insurance relationships covering key business areas in East, West and North Africa as well as the Indian Ocean islands. It is these structured partnerships which are facilitating the company’s growth strategy for the African side of the business.
The understanding of risk is essential for organisations operating in the tourism sector in Africa along with the assurance that the risk investment is placed professionally and strategically for absolute peace of mind.
Proven evacuation and incident management services are critical risk components as Africa develops its natural resources in remote areas and this is where we at SATIB are particularly strong with our SATIB24 Crisis Call team.
We support sustainable conservation programs through the SATIB Trust, as we believe that this incredible continent must preserve its unique wildlife, flora and fauna and oceanic heritage.
We look forward to Africa’s development and being part of your risk assessment team as investment propels this continent into the future.
Source: SATIB Insurance Brokers
SATIB has over 22 years’ experience in dealing with the vagaries of providing insurance and risk management advice to businesses where specialist knowledge is essential. Our relationships and expertise in dealing with the individual demands of each country have positioned us as leaders in insurance throughout Africa. We are proud to have representative branches in Botswana, Namibia, Zambia and Zimbabwe, in addition to our five branches in South Africa. SATIB has also established insurance relationships covering key business areas in East, West and North Africa as well as the Indian Ocean islands. It is these structured partnerships which are facilitating the company’s growth strategy for the African side of the business.
The understanding of risk is essential for organisations operating in the tourism sector in Africa along with the assurance that the risk investment is placed professionally and strategically for absolute peace of mind.
Proven evacuation and incident management services are critical risk components as Africa develops its natural resources in remote areas and this is where we at SATIB are particularly strong with our SATIB24 Crisis Call team.
We support sustainable conservation programs through the SATIB Trust, as we believe that this incredible continent must preserve its unique wildlife, flora and fauna and oceanic heritage.
We look forward to Africa’s development and being part of your risk assessment team as investment propels this continent into the future.
Source: SATIB Insurance Brokers
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