Archive | SMEs

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South Africa’s franchising industry growing, now employing 344 000 people

Recent figures from the Franchise Association of South Africa’s (FASA) have shown that in a year of the country’s low overall economic growth, the franchising sector’s share of the country’s Gross Domestic Product (GDP) in 2017 is reported at R587 million (about US$40 million) and accounts for 13.3% – an increase from 11.6% recorded in […]

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How to become your own big ‘investor’

‘Investing’ is a concept that is often misunderstood as requiring extensive financial and industry knowledge coupled with years of experience. This for many is seen as a major stumbling block as opposed to an opportunity to learn the ‘art of investing’. This statement emanates from South Africa’s First National Bank (FNB), one of the country’s […]

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Entrepreneur of the Year® winners

South Africa’s 2017 Best Entrepreneurs of the Year announced

Willem van der Merwe, owner of Africa Biomass Company (ABC), has been crowned the 2017 Entrepreneur of the Year in South Africa, the continent’s biggest economic powerhouse. “Through the establishment of ABC, which specialises in land clearing, wood chipping and wood recycling, van der Merwe has not only created a successful business by clearing landowners […]

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South Africa’s ABSA Bank, China Development Bank sign US$100m deal to help SMEs

ABSA, one of South Africa’s largest banks, has this week signed a deal worth US$100 million with China Development Bank (CDB), a Special Facility Agreement meant to provide funding to Small and Medium Enterprises (SMEs) operating on the continent. Johannesburg-based ABSA is a subsidiary of the Barclays Africa Group Limited (BAGL). Barclays Africa is present […]

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Improve gender diversity to survive in uncertain times

Gender diversity is vital for business success in an environment of increasing uncertainty, a South Africa-based expert said this week. Kgomotso Ramoenyane, executive GM for Human Resources at Business Partners Limited said small and medium enterprises (SMEs) could benefit significantly from improving gender diversity in their companies because of the complementary skills, different perspectives and […]

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Is investing in your business a form of saving?

Entrepreneurs should view investing in a business as a form of saving, a South Africa-based expert said this week. “As entrepreneurs we constantly battle with the dilemma of trying to save money versus investing it back into our businesses,” Charles Meyerowitz, co-founder and CEO of specialty asset backed financier Lamna, said. “It’s important that SMEs […]

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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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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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