Message from Alan Hoffmann
28-Jul-2009
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The world economic downturn has affected every country and literally every business in the world. South Africa is no exception and government has announced that South Africa is most certainly in a recession. From international financial news and local reports it seems fairly clear that the economic downturn will last well into 2010. At Hoffmann we believe that the general downturn will continue for the balance of this year and well into next year. Many of the leading companies that Hoffmann deal with have advised their marketing and financial people to work for turnover to facilitate cash flows - even at the expense of profit. Hoffmann believes and strongly recommends staying away from any new long term debt and to look at every aspect of your costs to determine how any of your current costs can be reduced. |
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- Stock levels are being increased substantially over all product ranges.
- Hoffmann have investigated new products in totally different fields of business which will be presented in Johannesburg before the end of 2009 to Hoffmann dealers.
- Hoffmann dealers will be invited to Johannesburg to see these new products first hand and have discussions on the introduction of same to the Hoffmann dealer network in South Africa.
- There is also exciting news on our current products most of which have been upgraded with better features which will be demonstrated to Hoffmann dealers when they visit Johannesburg to inspect the new products.