There was this business banker that advised his client to take forward for the next 12 months to hedge his import risk. The client ended up with a R2million forex loss for that year.
To make matters worse, this guy used the same client as an example of how not to run your business in training interventions. The example quoted losses, being under capitalised and bad planning. Fortunately the same client received better advice and managed to turn the loss into a R1,8mil profit the next year.
Reply With Quote
Did you like this article? Share it with your favourite social network.