Article provided by Merchant Capital Alternative lender, Merchant Capital, has launched an innovative short-term finance product to give the hard hit restaurant sector a much-needed injection of working capital to help ease the economic impact of the national lockdown regulations. “The product, RE-BOOT, will allow successful applicants to buy stock, pay wages, boost deliveries, deep […]
Article provided by Retail Capital Seventy-five percent of small and micro businesses will close down if the lockdown runs past 30 June, according to a survey by the South African SME Finance Association (SASFA) and assimilated by HeavyChef. The survey involved 2300 business owners and found that even under Level 4, 70% of SMEs are […]
Article provided by Hot 91.9FM From practical tips for small businesses and entrepreneurs to providing a platform to promote their services and products, Hot 91.9FM is dedicated to being the voice of SMEs. Hot 91.9FM is a community radio station, based in Northriding, that broadcasts to Johannesburg North and surrounding areas. We play Joburg’s best […]
In a daringly innovative move, managing director of the award-winning Hot 91.9FM, Lloyd Madurai, today announced the launch of Hot 91.9FM’s new online buying platform, Lock ‘n Load. Lock ‘n Load is a package that has been tailor-made for the exclusive benefit of small businesses that have reopened or are reopening as the lockdown eases […]
The COVID-19 pandemic has wreaked financial havoc throughout the nation, leaving many small business owners struggling in its wake. According to the National Small Business Chamber (NSBC), 86% of small businesses said they had suffered negative effects as a result of the pandemic and only 14% of small business owners said they had experienced limited […]
The President’s announcement indicated a move from Level 4 to Level 3 at the end of May 2020 for most of South Africa, except the hotspots. Cape Town and Johannesburg, the two dominant areas for small businesses are firmly in the Covid-19 red zones, therefore uncertainty remains in these areas. Even at Level 3, 75% […]
“During this national crisis our sole purpose is to support small businesses throughout the nation. The main thing to remember is small businesses are not alone, we’re here to help guide them. If there is one thing we know about business owners and entrepreneurs within the SME sector, it is that they are enormously resilient. […]
