Article by Riaan Petersen (Head of Business Banking Segment Solutions, Absa Retail and Business Bank) Governments across the world are taking drastic measures to reduce the spread of COVID-19. At the time of writing this article, the virus affected 199 countries and territories, 536.6k confirmed cases, 24.1k deaths and 124.4k recoveries. There are now more […]
Article provided by Lulalend We’re here for you… The coronavirus has the potential to have a devastating effect on South African businesses and the economy at large. We want to let you know that during these tough times we are here to help you, and we will stay focused on our mission of providing fast […]
Article provided by Old Mutual Old Mutual as a responsible business is committed to assisting SMMEs and therefore contribute towards alleviating the impact of the high unemployment, poverty and inequality. To this end, Old Mutual has invested R103m towards assisting SMMEs and has also committed an incremental R500m to further advance the agenda for supporting […]
Article provided by Retail Capital Guy Hosking, Chief Financial Officer at SME Funder, Retail Capital, has looked at the 2020 budget and here are his first impressions, particularly as it relates to small businesses in South Africa.
Small and medium-sized enterprises (SMEs) make up the backbone of the South African economy. They make up 91% of all private sector businesses, provide employment to about 60% of the labour force, and their total economic output accounts for roughly 34% of South Africa’s GDP. But the sector’s growth is being hampered by a lack […]
Article provided by Xero For small companies, cash flow is everything. Even small gaps can hurt supplier relationships, incur additional fees and can be the difference between staying in business and going under. It’s no surprise, then, that recent research by Xero of over 500 SMEs found that cash flow and late payments were the […]
Article provided by Noble Prosperity It’s that time of the year when business owners are planning business and projects for the new year. But alas, January is but a distant memory and our budgets and cash flow projections for the new year have still not been finalized. I get it. We all get busy with […]
