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SME News

FedEx starts using electric vehicles for deliveries in South Africa

FedEx Express, a subsidiary of FedEx, have announced the deployment of its first 10 electric vehicles (EVs) in South Africa, as part of the company's continuing efforts to reduce its carbon footprint and promote sustainable logistics.

Introducing EVs in South Africa marks an important milestone for FedEx, as the company works towards its goal to transform its entire global pickup and delivery fleet to zero-emission electric vehicles by 2040.

To achieve this, FedEx Express will purchase 50% of its new vehicles as electric by 2025 and 100% of purchases will be electric by 2030.

Call for increased SME sector support to foster SA economic recovery

The onset of COVID-19 in 2020 and subsequent energy crisis, have dealt deafening blows to the small- and medium-sized enterprises (SME) industry. Now, as the sector and the country at large fights to enter a phase of economic stability, small businesses represent one of South Africa’s most promising opportunities for economic recovery.

This is according to Jeremy Lang, Chief Investment Officer at Business Partners Limited who believes strongly that the vital function which small businesses play within South African society is multi-faceted. As he says: “A move to support small businesses is a move to support the economic growth of the country.”

Millions for startups to grow their businesses

“South Africa has hundreds of thousands of small businesses – so many that they contribute over 40% of our country's gross domestic product and employ two-thirds of all South African workers. This means that, the more support they receive, the more people they can employ, and the more successful our country becomes”, says Mike Anderson: NSBC Founder & CEO.

Anderson says, “With more support, small businesses have the potential to breathe new life into the South African economy and play an even bigger role in economic growth and job creation. Small businesses represent countless hours of hard work, commitment, resilience, and thousands of jobs. When South Africans support the small, they make a big impact. Providing as much support to small businesses as possible is an investment in our communities and South Africa’s collective economic future”.

Xero report reveals small business growth in the face of economic adversity

Political, economic instability and loadshedding are top issues, small firms optimistic about business survival and growth

South African small businesses are determined to face a challenging economic environment with optimism and resilience, according to Xero’s sixth State of South African Small Business report. 

New research from global small business platform Xero, reveals the three main concerns for small businesses are political and economic instability (70%); revenue loss due to loadshedding (46%) and crime, poverty, and civil unrest (19%). While there are many challenges, South Africa’s small businesses have thrived in the face of adversity. 

Santam Women of the Future 2023 Competition

It’s that time of year again when Santam partners with FAIRLADY and TRUELOVE to kick off the annual Santam Women of the Future competition to seek out the most inspiring and resilient women entrepreneurs in the country.  Lancôme, the internationally renowned beauty brand, has come onboard as a beauty partner for the 2023 competition.

​The awards, now in its ninth year, have become a well-known, prestigious platform for recognising women-owned businesses and assisting in not only contributing to the further success of the winning enterprises but also garnering them international recognition.

South African small businesses remain resilient despite challenges

South African small and medium businesses (SMBs) remain optimistic about their prospects despite a challenging 2022, where rising costs significantly impacted profitability. This is according to Sage's annual survey of almost 12,000 SMB leaders globally, called Small Business, Big Opportunity.

The findings from the survey reveal that 83% of business decision-makers are confident their company will be successful 12 months from now, an increase from 2022 of 76%. Over a third (41%) say that working more efficiently is increasing business confidence.

Looking to the next twelve months, over half (54%) of South Africa’s SMBs expect an increase in revenue, with 42% expecting to increase their workforce.

SME Launchpad to offer free outdoor advertising to small businesses

Tractor Media Holdings, one of South Africa's leading independent media owners, is allowing entrepreneurs and small medium enterprises (SMEs) the opportunity to promote their businesses through its nationwide network of digital boards - for free.

A new initiative from the media owner that aims to support the country’s economic recovery, the SME Launchpad is a platform that will allow small businesses to benefit from widespread marketing exposure across Tractor’s roadside digitals and Digilite networks in Johannesburg, Cape Town or Durban.

A look at the trends that will drive the development of the South African SME sector in 2023

Last year was a turbulent period for South Africa’s small business sector. With it came all the trappings of a business survival bootcamp: rising petrol costs, supply chain instabilities, high inflation, interest rate hikes, unreliable electricity supply, and a political horizon marked by uncertainty. For the small and medium-sized enterprises (SMEs) who were put through their paces and came out on top, 2023 holds its fair share of obstacles and opportunities, many of which exist within the realm of technological innovation.

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