Media room

Now is the time for a pro-SME Budget

Any measure that can boost the local economy beyond the projected 1.1% growth is at the top of the 2017 National Budget Speech wish-list for South Africa's vital small and medium enterprise (SME) sector. Coupled with the hope that there is no further political turmoil, the ideal scenario for existing and aspirational SME owners would be long-term stability within the economic cluster. This is according to Ben Bierman, Managing Director of Busi...
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Buy your dream entrepreneurial business

When it comes to starting a business venture, many people think that an out-of-the-box, unique idea is needed in order to develop and build a company. However, this notion is progressively changing as more and more budding entrepreneurial-minded individuals are looking to seasoned entrepreneurs for their starting block in the form of an offer-to-purchase. Christo Botes, executive director at Business Partners Limited (BUSINESS/PARTNERS), ...
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Local SMEs resurface upbeat for business growth in 2017

77% of South African small and medium enterprise (SME) owners surveyed in the fourth quarter 2016 Business Partners Limited SME Index believe that 2017 will yield greater growth for their businesses than 2016. The survey measured the attitude and confidence levels of South African SME owners across various sectors of the economy. In addition, for the first time in about two years (quarter 2 of 2014), all seven of the survey’s broader confi...
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SA SMEs can expect light in 2017 after dark 2016 tunnel

Business Partners Limited outlook for SMEs in 2017 From a small and medium enterprises (SME) perspective, the current economic environment is more conducive to growth and opportunity than it was a year ago. This is according to Ben Bierman, Managing Director of Business Partners Limited (BUSINESS/PARTNERS), a specialist risk finance company for formal SMEs. “2016 saw a shift in terms of global politics and economic issues, specifical...
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The festive season survival guide for SMEs

With the festive season already in full swing, it is imperative that both seasonal and non-seasonal businesses alike take heed of the holiday’s pressures and ensure business continuity in order to retain customers and steady profit margins for the new year. Byron Jeacocks, Regional General Manager at Business Partners Limited (BUSINESS/PARTNERS), says that if business owners don’t plan accordingly for this busy time of year, there m...
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Taking holidays seriously

In the mind of many entrepreneurs there is a short-lived conflict that flares up at least once a year when the family starts making plans for the holiday. On the one hand, they know that a holiday would do them good. On the other hand, there are a million issues still to sort out in the business. Inevitably, the business wins the argument, because those ‘million’ issues that need to be sorted out are always loud and urgent and the co...
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SMEs survive another tough year

South African small and medium enterprise owners were exposed to one of the toughest years in decades, not only for economic reasons but also for factors influencing business activity levels. The effects of the various challenges experienced in the country spread to all levels of the economy – from large corporates to small and medium enterprises (SMEs) – and have left business owners with a few lessons to learn from for 2017. This is a...
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Building your small business into a big brand

When it comes to marketing a small business, the fundamentals remain the same as they are with big businesses, yet many small and medium enterprises (SMEs) fail to action even the simplest marketing initiatives effectively, often to the detriment of the business’ success. David Morobe, Regional General Manager at Business Partners Limited (BUSINESS/PARTNERS), says that many SMEs don’t pay marketing functions as much attention ...
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All size businesses to consider environment impact

As South Africa continues to grapple with the devastating effects of the drought that has plagued the country, local businesses are urged to take their environmental sustainability responsibilities seriously in order to counter the implications of climate change that are impacting the country, its people and communities. With eight provinces across the country having already been declared drought disaster areas, the Water and Sanitation De...
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Failure to plan and mentor the demise of SA family businesses

In an economy where jobs are scarce, inheriting a family business – especially those traditionally known for strength and economic resilience - can be considered a privilege and an advantage. While an estimated third of South African family businesses will pass their business to the next generation, many don’t successfully plan for this, often leading to the demise of the business. Figures by the Family Firm Institute reveal that...
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