see money differently
SEEING THE BIGGER PICTURE THROUGH THE COVID-19 ENVIRONMENT
e are all aware of the individuals and businesses that have been adversely affected as a result of the chaos caused by the Covid-19 pandemic. Interest rates are at historical lows and Nedbank’s economic forecast for the next 12 to 18 months predicts a sharp downward trend.
In this challenging economic environment, it is more important than ever to manage and invest funds optimally in relation to cash flow needs. Cash flow is, without doubt, one of the most critical components of success for any business. In fact, according to a U.S. Bank study, 82% of business failures can be attributed to poor cash flow management. That being said, every growing business needs capital to invest in expansion – or to pivot to remain relevant in the extreme uncertainty we currently face. Every business has unique cash requirements, so how does a business owner ensure that surplus cash is managed in a manner that yields maximum returns in harmony with the company's liquidity requirements? Marcia Mathsa, Nedbank’s Corporate Saver and Investment Specialist for Limpopo, says that Nedbank Business Banking is
Nedbank has made available a raft of relief measures to benefit clients across the bank.
committed to assisting its clients overcome their financial obstacles and provide sound financial advice in managing their funds.
‘The pandemic and struggles of business highlight the need for expert advice, and a needs-based conversation with a Nedbank business manager can result in optimal financial solutions that make all the difference,’ says Mathsa. The investment sector will continue to be impacted for some time to come, but Nedbank has made available a raft of relief measures to benefit clients across the bank. We will continue to partner with our clients to provide expert advice on investments during what is a most challenging period not just for our country – but the world. To find out more about how Nedbank can partner with your organisation to grow a greater South Africa, please email Marcia Mathsa at MarciaMat@Nedbank.co.za or visit www.nedbank.co.za/business.