With South Africa’s bleak economic forecast of a gross domestic product (GDP) growth rate of 0.5% for the remainder of 2016, small, medium and macro enterprises (SMMEs) may face tremendous financial pressure. In light of this, SMME’s may need to review their budgets and cut out unnecessary expenses. According to Colin van Zyl, Commercial Accounts Executive at Risk Benefit Solutions (RBS), an independent insurance and risk specialist, business owners may unknowingly be paying more for their insurance policies than necessary. (more…)
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