Tag: risk

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South African businesses, particularly small and medium-sized enterprises (SMEs), face economic challenges including currency pressure and operational costs. While some suggest reducing imports, strategic importing is crucial for competitiveness and continuity. Imports support local industries and stabilize supply chains, ultimately ensuring businesses can navigate economic uncertainty effectively.

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When importing or exporting goods, securing the appropriate insurance is crucial. Cargo insurance helps mitigate risks during transport, encompassing various types, including general average and export credit risk insurance. Proper packaging can prevent losses. It’s essential to consider insurance costs, typically around 1% of the cargo’s value, to safeguard your investments.

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