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    Entrepreneurship: should I get a partner or not?

    Entrepreneurial endeavour will be a collective effort from idea to execution, resulting in a business being built around a partnership of complete equal ownership and responsibility, a South Africa-based expert said this week. More commonly, however, an idea will sprout from a single individual who, upon cultivating the concept and embarking on their entrepreneurial journey, […]

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Rural South Africa gets new ATMs

Some rural areas of South Africa have been provided with non-cash dispensing Automatic Teller Machines (ATMs) with deposit capability to help them access banking services. First National Bank (FNB), which has recently launched the initiative for the first time in the country, said the roll-out of the new generation of ATMs sought to improve access […]

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Newly-rated Retail Capital raises R200 million to help struggling businesses

Retail Capital, which provides working capital to businesses, is said to have raised around R200 million to date through institutions such as Futuregrowth, Ashburton and Gen-X Credit Opportunities Fund. The company, which has recently been awarded the BB(ZA) rating, said being a rated financial institution would allow it to access new pools of capital at […]

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South Africa’s Entrepreneur of the Year competition 2017 seeks entrants

South Africa’s small and medium business owners wishing to enter the 2017 edition of the Entrepreneur of the Year competition should visit www.eoy.co.za for more information or send their to [email protected], the organisers said this week. Entries close on 31 May 2017. The competition offers winning entrants prizes valued at over R2 million, with cash […]

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Retiring? Avoid the following 5 money mistakes

Retirement planning is an ongoing process which requires one to make wise investment decisions. “Retirees must have a clear strategy regarding how their retirement funds will be invested to sustain themselves through the years beyond retirement,” Preenay Sathu, channel head at South Africa’s First National Bank (FNB)’s financial advisory, said this week. Though individual circumstances […]

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Nigeria’s digital economy set to create 3 million jobs in next 10 years

Financial services within the Nigerian digital economy are set to create over three million new jobs and add US$88 billion to the country’s gross domestic product (GDP), according to reports from Geneva. A digital economy summit currently taking place in this city of Switzerland is being attended by ministers of Nigeria, Mexico, Kenya, Argentina, Colombia, […]

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Junk status: South Africa’s SMEs in tight corner

The recent downgrade of South Africa’s sovereign credit rating to junk status by Standard and Poor’s (S&P) and Fitch means that lending and seeking loans will become more costly for both local consumers and businesses, as interest rates and costs rise to adapt to this new volatile economic environment, an expert warned last week. Local […]

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