There are only four shareholders...— Martin Cassidy, Truco
You have to run the business on the same fundamentals you’d run any business.— Martin Cassidy, Truco
A “family business” refers to a commercial entity owned and managed by one or multiple generations of a family.
Family business is the oldest and most common model of economic organisation.
The vast majority of businesses throughout the world — from corner shops to companies with hundreds of thousands of employees — are considered family businesses.
About 44% of the richest 400 people in the world derived their fortunes through their membership of, or in association with, a family business, according to Forbes.
Some of the world's largest family-run businesses are Walmart (United States), Samsung Group (Korea) and Tata Group (India).
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
We’re the largest rubber hose manufacturer on the Continent.— Martin Cassidy, Truco
We’ll seldom bet the house on anything.— Martin Cassidy, Truco
The three most important rules in business are, ‘never run out of cash’, ‘never run out of cash’ and ‘never run out of cash’.— Martin Cassidy, Truco
You have to look at it not as a family business, but as a business owned by family.— Martin Cassidy, Truco
We have a policy to protect the company from pressure from outside shareholders.— Martin Cassidy, Truco
Private equity scares me…— Martin Cassidy, Truco
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Strata Legal (Pty) Ltd Director Brandon Irsigler.
Who comes to mind? The Money Show’s Bruce Whitfield interviews Rob Worthington-Smith, founder of FarSightFirms.
The Money Show’s Bruce Whitfield interviews Dlala Nje founders Nickolaus Bauer and Michal Luptak.
The Legalese Director doesn't look like a lawyer. His “law firm”, he insists, is not a law firm. Bruce Whitfield interviews him…
The Money Show’s Bruce Whitfield interviews David Frost, CEO at Southern Africa Tourism Services Association.
Bruce Whitfield interviews Prof Ruth Hall (Institute for Poverty, Land and Agrarian Studies - University of the Western Cape).
Eskom spokesperson Khulu Phasiwe says there will be no load shedding this week as Eskom looks to get back to normal.
On Technobyte this week the traditional doorbell goes hi-tech, Uber wants to fly you and Google is launching an AI lab in Ghana.
Show host Eusebius McKaiser says EFF's leader Julius Malema's comments on Indians are grossly unacceptable and irresponsible.
Check out the latest tweets and social posts on What's Gone viral with Khabazela...
Minister of Public Entreprises Pravin Gordhan explains the condition of state owned enterprises and the changes he is making.
MEC of Education in the WC Debbie Schäfer says South Africa doesn't need more historians but children should be economy savvy.
Stage 1 load shedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.
Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.
Earn peanuts, but want to start investing? You can now buy even tiny fractions of a share at a time. And it's very simple!