Absa Group Limited, commonly known as Absa and formerly the Amalgamated Banks of South Africa until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange. What form of ownership is Absa currently?

The __________ change involves any organisational change that develops and optimises established processes, strategies and procedures.

Swanson (2017) proposed a business plan development checklist and project planner that entrepreneurs can use when developing their business plans. Which of the following is NOT one of the necessary aspects to be attended to when developing a business plan?

Kgomotso Lerole is a young upcoming entrepreneur from Soshanguve Township in Tshwane Municipality. Kgomotso used all the money she saved while working as a beauty therapist on a passenger liner to open a beauty spa (sole proprietorship) in a township. Her Lerole Health and Beauty Spa was so successful that she decided to open another spa in Atteridgeville. Which of the following are the disadvantages that come with the type of ownership of Kgomotso’s business?

i. It is the easiest and less expensive to set up.

ii. The owner endures unlimited liability for any losses sustained by the business.

iii. The owner must provide all the expertise necessary to make the business a success.

iv. The owner must comply with a number of formalities and legal requirements for the establishment of a sole proprietorship.

Choose the correct combination below.

Which one of the following was identified as the most problematic factor for doing business in South Africa according to the World Economic Forum?

Which one of the following statements is NOT true regarding a business with a legal personality?

Sizwe Dlamini has recently been retrenched and received his severance pay. He is considering using some of the money he received from his former employer and provident fund to start a business. Which one of the following factors is most important when it comes to starting a business?

Kudakwashe Musona decided to register her business as a legal business entity. Her friend, Pretty Mazwai, is going to be her business partner and will contribute 50% of the capital they will require to get the business started. However, neither Kudakwashe nor Pretty wants to take personal liability for the business, and they also do not want to appoint a director. For which type of legal entity would you suggest she register?

Thami, an entrepreneur, owns a small takeaway restaurant that sells fish and chips in central Johannesburg. It is challenging for him to attract customers as his business is new and not well known. He cannot purchase bulk inventory because he cannot afford it. He also lacks knowledge of running a business. A friend of his has advised him to join a franchise. Which of the following benefits of joining a franchise will enable Thami to solve his problems? 

a. An entrepreneur can enter a franchise with little or no understanding and knowledge of the franchise business and benefit from the experience through guidance provided by the franchisor.

b. A franchisee enjoys independence in running the franchise.   

c. A franchisor has the necessary purchasing power to buy inventory in bulk and can negotiate lower prices, and a franchisee will benefit from the lower prices.

d. A franchisee can learn the franchisee’s operations from the franchisor through hands-on training, acquire management skills or attend training on business management through the franchisor.  

e. A franchisee will benefit from the franchise’s known and established brand. The franchisor also helps the franchisee to promote the business through advertising.

Floyd is the owner of a fleet of taxis operating in Protea, Soweto. After his accountant’s resignation he decided to handle the business’s finances. He seeks advice from you regarding challenges he is encountering in tracking the expenditure and the cash flow of the business. Which one of the following skills do you think Floyd needs to acquire to manage his business’s finances?