Latest newsSouth Africa's small business sector is a tough environment to break into, but those who succeed in weathering the storms of the first few years of business, have a real shot at scaling their business to new heights. Arguably, effective financial management is the single most important aspect of running a successful venture, part of which involves saving on a regular and consistent basis. 19 Jul 2023 Read more The idea of starting your own business, especially in the face of the challenges that exist within the South African environment, may feel daunting. But don't be discouraged - every thriving business empire ever built, began as nothing more than an idea. That is a universal truth that applies to businesses of every kind and size, from history-making brands like Apple to your local spaza shop. 18 Jul 2023 Read more As the new, emerging businesspeople, South African youth represent immense potential. They are expected to play a pivotal role in growing the economy, enabling social cohesion and driving positive change. 17 Jul 2023 Read more While small businesses may very well be the unsung heroes of the South African economy, their contribution to national development is unmistakable. Creating an enabling environment for entrepreneurship is therefore not only good for business but it is also necessary to build a more equitable and prosperous economy. 14 Jul 2023 Read more The important role that small businesses play in sustaining and growing the South African economy has been well-documented. Estimates show that small and medium-sized businesses (SMEs) contribute as much as 34% to the country's total GDP. 5 Jul 2023 Read more The winter months are typically slower for many South African small businesses, particularly for those active in the tourism and retail sectors. Traditionally, the colder weather keeps consumers indoors, resulting in fewer weekends away, as well as a noticeable drop in non-essential shopping trips. This year, the seasonal downward trend is set to be exacerbated by the ongoing energy crisis, rising interest rates and the depreciation of the rand. For the millions of affected small businesses, surviving this slump will require laser-focus on strategic planning and the constructive use of time over quieter periods. 4 Jul 2023 Read more At just under 21 million, South African youth make up the country's largest demographic. Referred to by World Bank vice president for Africa as being the continent's most 'valuable asset', African youth represent untapped potential. They are, in a very real sense, the future leaders, innovators, scholars and entrepreneurs who will play a central role in determining the trajectory of socioeconomic development in South Africa. The extent of that role, however, relies on whether the youth are provided with the support needed to counter ills such as economic exclusion, limited education and training, restricted access to funding as well as inequality. 3 Jul 2023 Read more 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. 30 Jun 2023 Read more Several economic analysts and financial sector experts have identified Africa as the next frontier for growth and development. Currently, the continent has the youngest population in the world, with a median age of 18.8 years as of 2022. This, coupled with the fact that several of its markets are nearing maturity, signifies a golden opportunity for businesses to take the lead in stimulating economic growth. Powered by this momentum, African small businesses are the key to provide solutions to address some of the continent's most pressing challenges. 2 Jun 2023 Read more Lockdown restrictions and periodic office closures during the pandemic hampered the administrative capabilities of several key governmental departments, including the Deeds Office. Just as we were experiencing some improvements, the advent of Stage 6 load shedding has resulted in another backlog in the processing of property registrations, many of which involve commercial properties. With some careful planning and preparation, however, business owners can play a proactive role in expediting the process. 1 Jun 2023 Read more Countries all over the world are witnessing the measurable realities of climate change in the form of increased water scarcity, changing rainfall patterns, extreme droughts and intensified natural disasters such as floods. Great emphasis has been placed on the role of governments, policymakers and leaders of big business in driving the sustainability agenda. But there is much that can be done at a grassroots level, starting with small businesses as the building blocks of socioeconomic development. 31 May 2023 Read more The cost of load shedding in South Africa has exceeded an estimated R1.2tn - notwithstanding the losses accumulated during the current financial year. Some of this financial impact has been shouldered by the thousands of small businesses which are the backbone of the economy. The real cost of load shedding, however, goes beyond just rands and cents - the energy crisis continues to have a profoundly negative impact on the overall morale and productivity levels of the country's employees. 30 May 2023 Read more While small businesses may very well be the unsung heroes of the South African economy, their contribution to national development is unmistakable. Creating an enabling environment for entrepreneurship is therefore not only good for business but it is also necessary to build a more equitable and prosperous economy. 8 May 2023 Read more Did you know that J.K Rowling, world-renowned author of the Harry Potter series was rejected 12 times before a publisher agreed to publish her work? Or that Steven Spielberg was rejected several times by the University of Southern California before being successfully admitted as a cinematic arts student? 5 May 2023 Read more The escalation of the energy crisis in South Africa, which has brought with it the onset of indefinite stage 6 loadshedding, has had an eroding effect on business confidence. Across all indicators, the confidence of small- to medium-sized enterprises (SMEs) has plummeted once more after following an upward trajectory in the lead up to the end of 2022. Hopes of making a comeback will rely on the ability of small businesses to divert to alternative sources of energy. 4 May 2023 Read more According to data published by the South African Reserve Bank, the accumulative loss of stage six load shedding amounts to between R204mn to R900m per day. A proportion of these losses are incurred by the thousands of small businesses who simply do not have the resources to install backup sources of energy to continue operations during power cuts. In a bid to provide business owners with much needed relief and finance to invest in viable alternatives, Business Partners Limited has today launched a R400m Energy Fund for small- to medium-sized enterprises (SMEs). 21 Apr 2023 Read more The recent decision by the National Energy Regulator of South Africa (NERSA) to authorise an almost 19% price hike on electricity has been met with fierce criticism from several fronts, including the small- to medium-sized enterprise (SME) sector. 3 Apr 2023 Read more Small and medium-sized businesses (SMEs) are the backbone of economic development in emerging markets like India, South Africa, Kenya and Colombia, where these enterprises contribute up to 40% of national GDP. Recent years have seen the SME sector in these nations develop at different speeds, with countries like Brazil joining economic powerhouses like the UK and America in topping the list of countries with the largest new business growth. In these inspiring examples are key learning opportunities for South African small businesses. 31 Mar 2023 Read more Supporting and financing women to pursue their entrepreneurial ambitions is central to achieving the broader objective of fostering a more diverse and inclusive business environment. In a country like South Africa, where small businesses have been found to be one of the strongest drivers of GDP growth, the need to support women entrepreneurs aligns with the greater call for economic development. 29 Mar 2023 Read more The South African Women Entrepreneurs Job Creators Survey found that women gravitate towards industries whose development supports job creation. The financial inclusion of women entrepreneurs as active contributors to the South African economy is therefore one of the most important building blocks of a more equitable and economically active society. Collective and systematic efforts towards making this vision a reality is beginning to produce promising results, with more South African women becoming business owners. 8 Mar 2023 Read more
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Email: az.oc.srentrapssenisub@seiriuqne
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