When starting a small business, some business owners rely on their personal finances to help start it and their credit history has an impact on whether they will get a loan or not. This also applies when they apply for a business loan, as creditors look at the major stakeholders’ credit history before they give a loan. Therefore, small business owners must take ownership of their financial fitness in a personal and business capacity. Mike Anderson (NSBC Founder & CEO) spoke to  Ans Gerber (Head Data Insights & Marketing Service) from Experian on how to handle your debt dilemma.

Adumo, a leading South African payment solutions provider, has just launched its Indirect Partner Programme, a strategic move set to redefine the fintech space. This initiative aims to empower businesses by simplifying complex payment processes, encouraging industry collaboration and expertise, and opening new revenue streams.

The payment landscape is evolving at breakneck speed, presenting businesses with a complex web of challenges. Merchants now face the daunting task of keeping pace with a multitude of payment methods, from contactless cards to digital wallets and beyond. This diversity, while beneficial for consumers, often leaves businesses struggling to manage an increasingly intricate technological infrastructure. Compounding these issues are the ever-tightening security and compliance requirements, which demand constant vigilance and expertise.

Article written by Chipo Mushwana (Nedbank)

Lately, the idea of a completely cashless digital economy has gained much attention. While this shift seems likely for advanced countries, its practicality in Africa, including South Africa, suggests a different path. Though digitisation promises economic growth and financial inclusion, Africa's situation is more nuanced and complex. Of course, there’s no question that digitisation is key to addressing many of the financial challenges we face in Africa.

With a huge portion of the population still lacking mainstream banking services, transitioning to digital payments could be the most effective strategy to integrate more individuals into the formal financial system.

Hands up if you’re tossing and turning, constantly worrying about balancing your bond, bills, school fees, and other expenses while trying to chip away at your debt. You’re not alone! Did you know this financial stress and anxiety might actually be making you sick?

According to Hayley Parry, a financial coach at Truth About Money, financial stress is one of the leading causes of health problems. This stress might manifest as aches, tiredness (often caused by sleep deprivation), mood swings, and feelings of fear and anger. Worries about money are frequently accompanied by a sense of shame since most of us don’t like to admit that we’re struggling.

Article written by Rencia Jansen van Vuuren (Founder at ProFinance Solutions )

Cash flow management is a fundamental aspect of running a successful business, especially for small and medium-sized enterprises (SMEs) in South Africa. In a landscape characterized by economic volatility and unique local challenges, maintaining a healthy cash flow is crucial for business sustainability and growth. This article outlines key strategies for managing cash flow effectively, drawing on the types of financial solutions available from various service providers in the South African market.

Every July, South Africa celebrates National Savings Month, an important initiative led by the South African Savings Institute (SASI). This campaign aims to promote financial literacy across the nation, with a specific focus on entrepreneurs, emphasizing the critical importance of saving and investing for future security. For thirty years, Mastercard has been committed to helping businesses save and spend their money wisely across Africa. Supporting the thriving of small businesses is vital to our mission of promoting economic growth and prosperity throughout the continent.