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You wish to ensure that your family business leaves a lasting legacy? PwC will help you do so by providing you with a variety of professional services that your trusted advisor will tailor to your specific demands.
The family business faces the same economic challenges as any other organisation operating in the corporate business environment. Yet it is different: beyond economics, it has a number of unique strengths and weaknesses rooted in its ownership structure.
Where other companies might measure success in quarters, family businesses measure success in generations. Where others might focus only on value, business families focus on values. But at the same time, family dynamics and non-business considerations can derail even the most profitable enterprise, particularly when catalysed by events such as a generational transition or an external economic crisis.
At PwC's family business consulting, dedicated specialists have worked with the top family businesses around the globe for decades. We have a keen understanding of the unique subtleties of family businesses, and we have the tools, experience and focus to help family businesses optimise the positive forces in family enterprises, while anticipating and minimising conflicts and risks.
We assist families in developing comprehensive solutions around their family governance, succession planning, family business strategy, family office and philanthropy. With our Next Gen Club and our annual Family Business Conference, we create platforms for the top SA family business leaders to share, learn and network with each other. From the first generation to the seventh generation and beyond, SA family businesses know they can rely on our specialists to be their trusted business advisors.
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PwC Africa Family Business Conference
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Watch the PwC Africa Family Business Conference 2022
Our PwC Africa Family Business Conference 2022 - what a day packed with valuable conversations and great networking!
PwC Africa Family Business Conference 2019
Highlights of the 2019 PwC Africa Family Business Conference
At PwC we have a significant focus on family-owned businesses. We know that the most successful family businesses are those in which there is a good balance between professional management and responsible business ownership on the one hand, and a healthy family dynamic on the other.
Common challenges that family businesses typically experience:
- Establishment of healthy family governance, balanced with professional corporate governance
- Sound, robust and well communicated succession planning
- Timely identification of new leadership and future talent
- Open communication with the next generation
- Conflict resolution
- Funding and access to capital.
Diagnostic
Family businesses go through various stages of growth and development over time. Each generation and stage of development faces its own unique challenges.
Read our testimonials
PwC assisted the Benchmark Group in creating their first family constitution. Their investment in getting to the right solution alongside us that are practical to implement and in the best interest of our family and business have been invaluable. The depth of experience and the range of possible examples offered by the team made it possible for us not to reinvent the wheel or pay possible school fees for mistakes/challenges that could be avoided. The owner strategy experienced brought our family closer together and afforded us the opportunity to be transparent and challenge each other. The process comes highly recommended.
PwC assisted Butoit Beherend (Edms.) Bpk. In creating their first family constitution. The in-depth process was guided by PwC following their “Owner Strategy” model. The family is grateful and proud to now have our first written and agreed family constitution. PwC’s guidance in getting to the right solutions alongside us that are practical to implemented in the best interest of our family and business have been invaluable.
“The first meeting with Catharina was a breeze. I really appreciated her background and expertise in family business. She created space for open and honest conversations whilst sharing best practice notes with us. She encouraged us to explore our feelings and opinions and allowed for our uniqueness to be reflected in our constitution. After three workshops, I got the impression that she really cared about our success, which gave me a lot of comfort. Conversely, I appreciated how frank she could be and how she was able to, not only pick up on the elephant in the room, but address this as well.”
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