Citadel Global advises businesses to find the right partner to ensure effective cash management

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 77%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

[SPONSORED] ‘A company such as ours helps a business cut through the noise.' Citadel_Global Moneyweb business cashflow cashmanagement

JEANETTE CLARK: Currently volatility is the order of the day, and medium- to large-size businesses must find solid footing in these ups and downs, also when it comes to cash management and achieving the required liquidity to keep operations performing optimally.

By deploying more dynamic and active cash-management strategies, businesses can often increase revenue as well as improve their tax position on returns earned on these types of cash holdings. JEANETTE CLARK: I know you have previously stated that too many businesses have their cash reserves deposited in non-interest-earning current accounts. Are there ways for businesses to earn a decent return from their cash reserves without subjecting the returns to the normal corporate tax rate?

JEANETTE CLARK: Working capital is surely the biggest factor you need to assess, depending on the business’s cash-flow requirements. How do your strategies consider this and still optimise returns on this cash? BIANCA BOTES: When you start looking at financial service providers in South Africa, we can name 10 just off the top of our heads. Within those companies all of them have different products, different funds that a client can choose from. Each of those funds comes with its own terms and conditions, returns, tax implications.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF warns against global economic fragmentation from Ukraine warThe International Monetary Fund warned against global economic fragmentation as a consequence of Russia’s invasion of Ukraine, saying that undoing decades of integration will make the world poorer and more dangerous.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Global inflation demon to get worse | CitypressInflation is wreaking devastating havoc on the lives of South Africans – and things are about to get a lot worse. This is the consensus among economists and experts as the ripple effects of Russia’s invasion of Ukraine are felt across the world. Weird how 'socialist' countries managed to keep their inflation in check!? 🤷🏾‍♂️ Lies lies lies , this is a result of poor decision making by our government. The base fuel cost is 9.74 . Growth has been destroyed by lockdowns , Loadshedding by CyrilRamaphosa and his people. Stop misleading people. We must not forget that our country, like all the others, had to start the banknote printing press to support our economy during the COVID period. When there is too much money in circulation, it is also a cause of inflation.
Source: News24 - 🏆 4. / 80 Read more »

S&P Global decision to revise SA's credit rating outlook to positive is welcomedThe ratings agency has also affirmed the long term foreign and local currency debt ratings at BB minus and BB respectively. Eskom_SA RalfBittkau CityPowerJhb CityPowerJhb MichaelSun168 no Power in Olivedale. CPWEB3408166 reference number.
Source: ewnupdates - 🏆 30. / 53 Read more »

Global food crisis: fears grow that Russian blockade may unleash famine – The CitizenGrain in Ukraine could rot as people around the world are left hungry.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Global elites return to Davos under Ukraine storm
Source: ewnupdates - 🏆 30. / 53 Read more »

TAKE A LOOK | Global chain voco opened its first African hotel, in JHB – and we like it | BusinessinsiderTAKE A LOOK | Global chain voco opened its first African hotel, in JHB – and we like it
Source: BISouthAfrica - 🏆 34. / 51 Read more »