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Posts tagged [cost saving ideas]

Cost-saving ideas to survive the restaurant recession

Cost-saving ideas to survive the restaurant recession

In June, credit rating agency Moody’s announced the downgrade of South Africa’s major banks. This followed the country’s April rating downgrades by Standard & Poor’s and Fitch. Many South Africans were saying hello to junk status without realising its implications. The downgrades have weakened the rand, making imports, and items like fuel and food, more expensive. This has led to many people tightening their belts in an effort to save. But doom and gloom aside, you can still ensure the survival of your restaurant if you employ these simple cost-saving ideas.

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