News & views

2017 Entrepreneur of the Year® competition now open for entries

The instrumental value that entrepreneurs add to the South African economy is indisputable – they are an important cog in the creation of the much-needed jobs in the country. It is therefore encouraging that the challenges and obstacles which impede this valuable sector are receiving some much-needed attention from both the public and private sectors – with the inclusion of small and medium enterprises (SMEs) in the State of the Nation Addres...
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Warehouse boom takes hold as manufacturing declines

The slow decline of manufacturing in South Africa is making its impact felt in the local property market as demand for factory space wanes. Shane Padayachy, property finance specialist at Business Partners Limited, says one the defining property trends of 2017 is the move away from factory premises to warehouses. More and more owners of industrial property are converting their old smoke stacks into distribution-type premises, and new development...
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‘Now is the time for a pro-SME Budget’

In year that promises better economic growth than that of the past few miserable ones, South Africa’s business owners are likely to follow this month’s tabling of the national Budget with more interest than usual, says Siphethe Dumeko, Chief Financial Officer at Business Partners Limited, the leading local risk financier to small and medium enterprises (SMEs). Any measure that can boost the economy beyond the projected 1.1% growth fo...
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Meteorological and economic drought poised to end in 2017

Just like the latest rains hold the promise that at last the drought may be broken, the signs are everywhere that South African business owners can, for the first time in quite a while, look forward to a year in which the economy will start flowing forward again, says Ben Bierman, Managing Director of Business Partners Limited. In fact, the breaking of the drought is one of the factors that makes Bierman optimistic that the local economy can ach...
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Everyone has a role to play in stimulating entrepreneurship

Very often, any discussion about stimulating entrepreneurship devolves into a litany of things the government should be doing, but in reality there is very little that government can do on its own to persuade more South Africans to start their own businesses, and to support them to grow and prosper, says Byron Jeacocks, Business Partners Limited regional general manager. Entrepreneurship is everyone's concern – parents, teachers, accountan...
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Becoming a mentor

If you are a veteran in the SME sector, are running a very successful business or just feel you have something to offer a budding entrepreneur, you may consider becoming a mentor. Let's look at the characteristics of a good business mentor. Mentorship is all about giving back and contributing to the growth of someone who may be where you were as a would-be business mogul. Most entrepreneurs who are starting out or struggling, can't afford t...
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SA tourism’s good run looks set to last

There are no signs that the gravity-defying performance of the South African tourism is likely to subside any time soon, says Anton Roelofse, regional general manager of Business Partners Limited (BUSINESS/PARTNERS). Neither the stagnant local economy of less than 1 percent growth, nor a sluggish global economy of less than 3 percent growth, nor even the bureaucratic hurdles imposed for a while by the Department of Home Affairs on internat...
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The business of tourism

Tourism is one of the largest industries in South Africa and is considered one of the major booster of the economy. With South Africa becoming a destination of choice for sporting, business and cultural events, a wide range of opportunities exist for entrepreneurs in the travel and tourism industry. There is a common misconception that the tourism industry is mainly about providing accommodation to tourists, such as guesthouses, lodges, bed n br...
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Gap between male, female entrepreneurs still shrinking

If there is a single figure that illustrates the force that women are becoming in the South African economy, it is that no less than 41% of the clients of Business Partners Limited (BUSINESS/PARTNERS) are women-owned small and medium enterprises. Of the R310m invested by BUSINESS/PARTNERS in the women entrepreneurs in the 2016 financial year, a remarkable number went to women-owned small and medium enterprises (SMEs) in the traditionally m...
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Every young person a winner in this business plan competition

Whether you have your toes in the water already, or whether you are still standing on the side, there are few better opportunities to take the plunge into starting your own business than the upcoming Business Plan Competition for Aspiring Young Entrepreneurs. For the hundreds of participants in the competition, which started this June and culminates during the Global Entrepreneurship Week in November, the programme is much more than going a...
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