Press releases

Business unusual: SMEs adapting to junk status landscape

Ratings agencies Standard and Poor's (S&P) and Fitch Ratings have both recently downgraded South Africa’s sovereign credit rating to junk status, which, based on the simple mantra of higher risk equals higher return, means that both existing and new funds borrowed by South Africa will become more expensive. The knock-on effect of this will be that lending and seeking loans will become more costly for both South African consumers a...
More

How a business plan can make or break a start-up seeking finance

A wedding planning start-up nets R400 000 on Shark Tank Funding for early-stage start-ups is notoriously hard to find as not many financiers are prepared to invest, given the inherent high risks involved in backing a business with no proven track record. This, coupled with statistics revealing that one in five start-ups fail within the first five years, makes it even more of a challenge for a first-time entrepreneur to convince a...
More

Are you pitching your business short?

Securing finance lies in the detail, says SA SME financier Access to funding is often cited as the greatest hurdle to starting a business. However, contrary to many entrepreneurs’ belief, there are various institutions with funding available in South Africa which too often isn’t tactically tapped into. This is according to David Morobe, regional general manager at Business Partners Limited (BUSINESS/PARTNERS), who says that there ...
More

The right time to become a full-time entrepreneur

The Minister of Small Business Development, Lindiwe Zulu – who was speaking at the Global Entrepreneurship Congress which took place in Johannesburg last week – encouraged aspiring entrepreneurs to research opportunities that are available in the market before starting a business of their own. The reality for most entrepreneurs is that this research period involves beginning their business journey whilst they are employed full-time. Th...
More

Budget Speech Commentary by Business Partners Limited – Ben Bierman

Minister of Finance Pravin Gordhan delivered a balanced and conservative budget which strives to continue the necessary fiscal consolidation, attempts to address inequality, and will likely ensure that South Africa has a realistic chance of avoiding a ratings downgrade. From a small and medium enterprises (SME) perspective, this should create an economic environment that is more conducive to growth and opportunity. This is according to Ben Bie...
More

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...
More

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), ...
More

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...
More

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...
More

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...
More