Skip to content Skip to sidebar Skip to footer

Nyathelani SA – Turning limitations into opportunities

Meet the Absa Small Business Friday featured small business of the week – Nyathelani SA.

Nyathelani SA is a company that focuses on backup power, electrical installations and construction. Zandile Vuma started Nyathelani in 2004 and has been the powerhouse in keeping the business growing and developing.

From humble beginnings, she sold atchar to foreign markets, and she used the money gained from these sales to finance a business which bought and resold clothing. By bootstrapping her business, she took her initial steps towards financial stability.

Read more

Nedbank Happiness Survey reveals what makes South Africans happy

According to the findings of the Nedbank Happiness Survey, which was undertaken at the end of 2023 by Nedbank in partnership with the Gordon Institute of Business Science (GIBS), South Africans generally feel happy and are flourishing.

Based on over 10,000 data points, the Happiness Survey, which is reportedly the largest study of its kind ever conducted in South Africa, delivered an average happiness score on the PERMA model of 4.15 out of 5.

The survey leveraged PERMA – a model that measures five essential components that contribute to human well-being and a sense of flourishing, namely positive emotions, engagement, relationships, meaning, and accomplishment.

While most participants (over 68%) were found to be ‘flourishing’ or ‘flourishing a lot’, the results also highlighted nuances across different dimensions and demographics.

Read more

Why optimism and entrepreneurship go hand in hand (and why it’s crucial to a growing business)

Blind optimists.’ That’s what entrepreneurs have been referred to throughout history – and for good reason. Entrepreneurs have the unique ability to envision a future that doesn’t yet exist and to take steps to make that vision a reality, even though they may be unsure whether those steps are being taken in the right direction.

‘Just start,’ is the one piece of advice many of those notoriously optimistic entrepreneurs share with people who ask them how they’ve managed to achieve what they have. To follow that advice and ‘just start’ – to begin creating something you truly believe will be the next big thing, you have to be optimistic. Otherwise, why start? What would all the time, money and effort be worth in the end?

Read more

How to build a fleet for your business (And what to look for in the first place)

The question is simple

As simple as “What needs doing?”. The answer, however, takes some time to wrap your head around.

The vehicles you choose are critical to the operations of your business and leave a lasting impression on the road and your customers. But the choice is tough, it’s long-lasting, and frankly – it's something you’d like to get done and never have to think about again. Read on.  

With a whirlwind of options, finding a decent starting point can be utterly overwhelming and the notion of a perfect fleet can begin to sound quite ridiculous. Where do you even start?  

Right here.    

We’ll be breaking down the essential elements you need to consider when building your fleet. Because there is a perfect fleet, and this is your cheat sheet on what to look for.  

Read more

Red flags to look out for when it comes to fraud

Fraud has been in the news a lot recently. Between the fallen unicorn, Theranos, and the collapse of FTX, we seem to be surrounded by large-scale scandals. But fraud isn't limited to multi-million-dollar enterprises. It's pretty insidious - even in smaller businesses. So, you must know what the tell-tale signs are.

We are very committed to helping smaller businesses detect potential fraud and nip any fraudulent activities. That's why we introduced our Anti-Fraud feature set and have built dedicated courses on Fraud and the Anti-Fraud tools on Syft Campus. In this article, we will look at some of the most common red flags that could alert you to fraud so that you know what to look for in your organization.

Read more

6 small business metrics you should measure

“How is your business doing?” when asked this question some entrepreneurs may say “OK” but not truly know the facts and figures of how their business is doing. By keeping track of metrics that relate to your business goals, you can measure and clearly see if your efforts are working or where you need to make adjustments. Here are six metrics to measure to know the health of your business.

Read more

Mbewu – Growing healthy communities

Meet the Absa Small Business Friday featured Small Business of the week – Mbewu.

Mbewu is a platform that gives small-scale farmers and agri-businesses the opportunity to sell directly to the public. They invest a lot of time in vetting incredible small-batch producers so you receive produce from the best local providers.

Charmaine Kearabilwe Monama started Mbewu back in 2018 as a side hustle while juggling her corporate career as a market researcher and brand consultant. The motivation was to find a more affordable way to keep feeding her family healthy foods. When COVID-19 hit, Mbewu grew exponentially, and this led to her resigning from her corporate job in 2021. This was a huge leap of faith, but it has paid off. They opened their first brick-and-mortar shop in Randburg Square in 2022.

Read more

Xero unveils breakthrough tech behind Just Ask Xero to improve accuracy of accounting tasks

GenAI-powered JAX beta coming soon will help small businesses complete accounting tasks wherever they are

Xero, the global small business platform, today unveiled at Xerocon London, groundbreaking technology underpinning its upcoming AI-powered smart business companion Just Ask Xero (JAX). The proprietary technology helps ensure greater accuracy while using AI in the accounting process.

Read more

Breaking ground. Pushing the boundaries

The new Amarok, already awarded with the 2024 International Pickup award and the 2024 South African Car of the Year award for the 4x4 Double Cab category, continues to inspire by including a standard 5-year/150 000km warranty on top of the standard 5-year/100 000km maintenance plan. Now you can experience the #AmarokDrivingForce with extended peace of mind.

Read more

Get the best business tips delivered to your inbox!

© NSBC Africa 2023. All Rights Reserved.