Archive | SMEs

2013 Sanlam/Business Partners Entrepreneur of the Year competition: entries open until June 16

2013 Sanlam/Business Partners Entrepreneur of the Year competition: entries open until June 16

Entrepreneurs in South Africa have just less than two months left to submit their entries at the 2013 Sanlam/Business Partners Entrepreneur of the Year, the organisers said today. Entries close on 16 June 2013. The competition is open to entrepreneurs from all industries who fall into one of these categories: ·         Emerging Entrepreneur: An entrepreneur […]

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 Business, market opportunities key to Africa’s poor advancement, UNDP report says

Business, market opportunities key to Africa’s poor advancement, UNDP report says

Cape Town, South Africa.  Involving low-income communities in markets and businesses across Africa is essential for economic growth to translate into sustainable development, according to a United Nations Development Programme (UNDP) report released today. Realising Africa’s Wealth – Building Inclusive Businesses for Shared Prosperity draws upon 43 in-depth case studies and a database of 600 […]

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Is Cape Town becoming South Africa’s IT entrepreneurship capital?

Is Cape Town becoming South Africa’s IT entrepreneurship capital?

Forget the business energy of Johannesburg, the city of gold. Brush aside Pretoria, the ‘sluggish’ capital city of South Africa, with its phlegmatic businesses and government buildings looking like monasteries. Here comes Cape Town, South Africa’s second-biggest city, which is said to be emerging slowly but surely as the continent’s Silicon Valley. In other words, […]

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South Africa's 'rigid' tax, labour laws obstacle to SMEs

South Africa’s ‘rigid’ tax, labour laws obstacle to SMEs

JOHANNESBURG, SOUTH AFRICA. South Africa’s tax and labour laws are preventing the country from fostering entrepreneurial talent, thus resulting to opportunities to create new jobs being significantly limited, Daily Buzz director Andrew Brown said this week. While South Africans have a natural tendency towards running their own businesses, the government needs to do far more […]

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Sustainability: ‘complicated’ road for Small and Medium Enterprises?

Sustainability: ‘complicated’ road for Small and Medium Enterprises?

Sustainability is defined by the United Nations World Commission on Environment and Development as ‘meeting the needs of current generations without compromising the ability of future generations to meet their own needs’. However, it seems as if the topic is taboo for some African SMEs, mostly black-owned. Many African SMEs, whose short-term goal is to […]

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Top 10 reasons why Africa’s small businesses fail

Top 10 reasons why Africa’s small businesses fail

There are top 10 reasons why most small businesses fail: inadequate business planning, insufficient capital, lack of management experience, poor location, poor inventory and cash flow management, over-investment of fixed assets, poor credit arrangements, personal use of business funds, competition or lack of market knowledge, and low sales, or not pricing properly. This, according to […]

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SMES SA PIC

Africa’s SMEs contribute to economy, but struggle to survive

Small and medium enterprises (SMEs)’s contribution to employment, income and economic growth cannot be underestimated, according to several studies conducted across various parts of the world. But some analysts believe the lack of adequate financing of small business has the potential to hurt the SMEs-economic growth casual link, and compromises countries’ policy to fight unemployment. […]

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