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MyPE

MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

Shelley Farrington

Focus on family businesses

22 July 2016 By Alan Straton

Shelley Farrington

Did you know that Volkswagen is a family-owned business, with the Porsche family owning more than 30% of the company's shares, and that the Walton family owns more than half the shares of United States retail giant Wal-Mart? In fact, family businesses are estimated to account for approximately 70% of global GDP annually and for more than 50% of jobs in most countries. And when the financial climate is tough, it is family businesses that tend to outperform their non-family … [Read more...] about Focus on family businesses

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