In South Africa it is estimated that some 80% of all businesses have family ownership involvement.
However, most family businesses do not survive beyond the third generation summed up in the saying: “The father merchant, the son gentleman, the grandson beggar”. The leading causes of family businesses failures is not distinguishing between the family and the business and not addressing the ownership and transfer of wealth between generations.
- We can provide an objective viewpoint to help navigate the special dynamics that impact a family owned business
- We can help you successfully design and implement the correct solutions for your business including introducing appropriate succession
- We can assist the family to introduce other shareholders or position the business for an exit or partial exit if so desired