Business Valuation Guide
Valuation methods, normalising earnings, and the factors that move value, with worked examples.

BlackLeaf
Architects behind enduring family and corporate wealth.
They decline on structure. A strong business inside a weak structure still gets declined. The BlackLeaf Capital Readiness Protocol, the BCRP, finds and corrects those structural defects before a financier or buyer sees the file. Credit committees, equity investors and buyers test more than the income statement. They test who owns what, where the assets sit, whether the entities make sense and whether the records are complete and consistent. A defect found late costs price, time or the deal itself.
Written by the BlackLeaf team, this is the 2026 edition: 10 pages, free to read online or download as a PDF. It is general information for South African owners, boards and families, and is not legal, tax or investment advice. Speak to a qualified adviser before you act on it.
The BCRP finds and corrects structural defects in a funding file before a financier or buyer does.
Valuation methods, normalising earnings, and the factors that move value, with worked examples.
Control, deadlock, exits, drag and tag rights, and succession, in plain language.
Hub-and-spoke structures, and how to separate asset-holding companies from trading risk.
Architects behind enduring family and corporate wealth.