With new taxes on the horizon and energy costs already high, the cost of doing business is set to rise substantially. To navigate these challenges, companies need to adopt a multifaceted approach that includes cost management, energy efficiency, technological innovation, and tackling corruption. Additionally, energy costs are a significant burden for many businesses, especially those in manufacturing. Although the initial investment may be high, the reduction in energy costs over time can be substantial. By analysing customer behaviour, market trends, and operational efficiency, businesses can identify areas for improvement and optimise their strategies.

Source: Daily Nation July 18, 2024 20:47 UTC