The retail and wholesale sector, as well as the FMCG market, are evolving continuously and are faced with myriad challenges, such as a slowing economy, which is impacting upon margins, as well as the emergence of global competitors. Many factors are at play – the pace of technological change, consumers wanting immediate responses and professionals wanting a holistic work-life balance. All this has meant that retailers have had to amend their business models to cater for the changing demands in order to sustain their business today and transform it for relevance tomorrow.

The manufacturing sector is continuously being challenged with high input costs to their manufacturing processes. They continuously seek innovative ways to reduce their input costs so that margins remain attractive. More and more businesses are capitalising on natural resources, such as energy-efficient buildings, in an endeavour to contain input costs.

Automotive companies must look for new ways to redefine their future against the backdrop of pricing pressures and aggressive competition. Some of the challenges faced in this sector include carbon emission considerations, lack of infrastructure for electric vehicles, declining new vehicle sales and high interest rates.

At BDO, we can assist you in embracing opportunities and challenges. Using the combined knowledge and experience of our staff and partners, we can provide tailored audit, advisory and tax services to achieve your goals. We provide a wide range of guidance in the following areas:

• Audit and assurance
• Internal audit
• Advisory encompassing feasibility studies, impact analysis etc
• Tax

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