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SME News

Google launches startup accelerator for women in Africa

Google has announced that it has launched the Google for Startups Accelerator: Women Founders Africa Program, its first dedicated startup accelerator for women founders in Africa. Applications are now open for the inaugural programme, Google said. "The programme aims to empower and support women founders on the continent by providing resources and opportunities for them to scale their startups and address African problems," Google explained.

Win a R10,000 online shopping spree with Mastercard and PayFast 

Due to last year’s success, we’ve partnered with Mastercard again to run an exciting national competition that will reward 75 online shoppers who use their Mastercard card to checkout via PayFast on any South African website. From 14 November to 19 December 2022, online shoppers who do so can stand the chance to win one of ninety R10,000 online shopping sprees.  

Kudos to the winners of the 2022 South African Small Business Awards

The National Small Business Chamber (NSBC) is thrilled to announce the winners of the 14th annual South African Small Business Awards. They drawn from the 'Top 20' winners whose names were released to the nation and the media on 1 November 2022. Click here to see the Top 20 Winners.

In thanking all entrants, participants and sponsors, NSBC founder and CEO, Mike Anderson said the judges had a difficult task, with entrepreneurs and small businesses pushing the innovation boundaries.

Santam’s Most Loved Local Radio Competition

Santam is back with the third edition of SA's Most Loved Local Business.  

Local businesses are at the heart of every community. They’re places people gather to shop, eat, catch up on work or with each other. They’re also key to our economy. That’s why we want to recognise and celebrate the local businesses we can’t live without.

Santam is back with the third edition of SA's Most Loved Local Business campaign. Join us in celebrating and supporting the local businesses that go above and beyond to turn their customers into true fans.

And the winners of the 2022 South African Small Business Awards are…

“It’s that time of year again when the NSBC announces the names of the ‘Top 20’ Award Winners from a wealth of candidates,” says Mike Anderson, Founder and CEO of the NSBC. “It is never an easy task, given the sheer number of exceptional South Africans who have created thriving and innovative businesses.”

This year marks the 14th anniversary of the prestigious South African Small Business Awards, which recognises the tireless journey, hard work and outstanding achievements of small businesses and entrepreneurial success.

Says Anderson: “This is a celebration of the most outstanding businesses and the extraordinary individuals behind these successful and growing enterprises.”

Fund offers relief for SMEs in agro-processing and manufacturing sector

A recently-launched fund is offering qualifying small and medium size enterprises (SMEs) in the agro–processing and manufacturing sectors access to much needed debt funding. The South African SME Debt Fund –  a partnership between Sanlam Investments and the Eskom Pension and Provident Fund (EPPF) – was launched in the second quarter of 2022 with initial capital of R400-million available to help SMEs in these sectors reach their full potential.

Eligible businesses should have a three-year track record, high-growth potential and stable business strategies. The loans are priced at a maximum interest rate of prime, with an equity upside to yield a further 5% return. Loans will be repaid within a maximum period of 60 months. The fund is focussed primarily on supporting black-owned businesses; however, all eligible applications will be considered.

Loadshedding, petrol and interest rate hikes hit SME confidence levels

South African small and medium-sized enterprises (SMEs) confidence levels took a dip in the second quarter of 2022. This is according to the recently released Q2 2022 SME Confidence Index conducted by specialist SME financier, Business Partners Ltd, which reveals that SME confidence that the South African(SA) economy will be conducive to business growth in the next 12 months declined during Q2 of 2022, a stark contrast to the first quarter.

The Business Partners Ltd SME Confidence Index, which celebrates its 10th year anniversary in 2022, measures business confidence levels relative to labour laws, access to finance, state-level interventions and broader socioeconomic realities. During this quarter, the index recorded its highest number of respondents.

Celebrating 11 years of Small Business Friday

#AbsaSmallBizFriday is springing into action once again, heralding opportunities for every South African to help a small business along by supporting them on Friday, 2 September 2022.

“Small business and entrepreneurship is the backbone of the South African economy, not only in serving their communities but by creating job opportunities as they grow,” says founder and CEO of the National Small Business Chamber (NSBC) Mike Anderson.

Start your own business with the right foundation in place to ensure sustainability

Article provided by Business Partners

Aspiring entrepreneurs urged to enter business plan competition

South Africa has been established as one of the continent’s 'big four' startup ecosystems, alongside Egypt, Kenya and Nigeria, according to the 2022 South African Startup Ecosystem Report. Yet, as the most recent Global Entrepreneurship Monitor revealed, education and training are amidst the most pressing challenges for aspiring local entrepreneurs. An investment into skills development and knowledge sharing is therefore key to stimulating growth within the SME sector.

Will you be Access Bank’s 2022 Womenpreneur Pitch-A-Ton South Africa winner?

Article provided by Access Bank - South Africa

Hot on the heels of Access Bank’s Womenpreneur Pitch-A-Ton Africa 2021 where South Africa’s Rotondwa Musitha - owner and founder of Trash Converters - took fifth prize in the event, Access Bank South Africa now seeks to replicate a local win in the Access Bank Womenpreneur campaign.

Launched on 1 August 2022, the South African programme is a women-in-business support initiative that offers the opportunity to progressive, motivated women of our country to pitch their business and stand a chance to win a financial boost , as well as a R50 000 education voucher.

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