Small Business Focus

How to respond to the VAT hike (and capitalise on the rising cost of everything)

VAT is on the rise.

Petrol levies are up.

Costs will rise, everywhere.

There will be shifts, changes and adjustments to pass the costs on.

Consumers will push back against retailers.

Retailers will push back against their suppliers.

They will push against their staff, service providers and anywhere else they can.

All parties in the value chain will tussle to hold on to their margins.

What can you do as a business owner to respond positively to the push and capitalise on the rising costs of everything?

The Money Show's Bruce Whitfield interviewed Aurik Business Accelerator founder Pavlo Phitidis.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

In tougher times… you really don’t want too much change in staff…

Pavlo Phitidis, Aurik Business Accelerator

There are so many pay-as-you-go offices… That trend is accelerating… How much space do you actually need?

Pavlo Phitidis, Aurik Business Accelerator

You’ve got to enable people to work digitally…

Pavlo Phitidis, Aurik Business Accelerator

We’ve saved R180 000 per year on our accounting software…

Pavlo Phitidis, Aurik Business Accelerator

It’s always worthwhile to look at your risk management and funding costs annually.

Pavlo Phitidis, Aurik Business Accelerator

Click here (then “like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : How to respond to the VAT hike (and capitalise on the rising cost of everything)


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Family business succession - what often goes wrong (and how to get it right)

Family business succession - what often goes wrong (and how to get it right)

Mind the generation gap! The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

How to break a deal without scorching the earth

How to break a deal without scorching the earth

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

'We’re gatvol! Government must fulfil what it has been promising since 1995'

'We’re gatvol! Government must fulfil what it has been promising since 1995'

Bruce Whitfield interviews Jennifer Cohen (Small Business Institute) and Aurik Business Accelerator’s Pavlo Phitidis.

How to avoid business owner burnout (or how to overcome it if it’s too late)

How to avoid business owner burnout (or how to overcome it if it’s too late)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder and small business guru Pavlo Phitidis.

How Africa Innovation Summit aims to help realise our awe-inspiring potential

How Africa Innovation Summit aims to help realise our awe-inspiring potential

Africa cannot outsource its development. Bruce Whitfield interviews Tracey Webster, Chief Visionary at Enterprise Room.

Need access to booming African markets? You may want to check out ‘Yiedi’…

Need access to booming African markets? You may want to check out ‘Yiedi’…

Yiedi CEO Jayshree Naidoo on gaining access to African markets as well as the challenges entrepreneurs are likely to face.

Popular articles
[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

The chilling call Henri van Breda made to emergency services on the night his mother, father and big brother were hacked to death.

SANDF soldier arrested for robbery on trial for attempted murder

SANDF soldier arrested for robbery on trial for attempted murder

Operations chief, General Barney Hlatshwayo's personal driver was arrested on Tuesday.

[WATCH] 'These thugs need to be arrested and rot in jail'- Bongani Bingwa

[WATCH] 'These thugs need to be arrested and rot in jail'- Bongani Bingwa

Bongani Bingwa shares his thoughts on the Panyaza Lesufi 'effigy' incident on Wednesday.

Everything you know about success is (mostly) wrong

Everything you know about success is (mostly) wrong

Allon Raiz on “Barking up the Wrong Tree: The Surprising Science behind Why Everything You Know about Success Is (Mostly) Wrong”.

Defence: State has failed to prove that Van Breda killed his family

Defence: State has failed to prove that Van Breda killed his family

Henri van Breda’s legal team presented its closing arguments in the Western Cape High Court.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.

Is Shakespeare still relevant to SA's school curriculum?

Is Shakespeare still relevant to SA's school curriculum?

How relevant is Shakespeare in SA's English literature which is written in a manner that no one speaks today?

3 reasons for the petrol price hike (and why it will hurt more than you think)

3 reasons for the petrol price hike (and why it will hurt more than you think)

Economist Dawie Roodt says that the petrol price hike is going to boost the cycle of inflation and force interest rates up.