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 Media releases - South Africa

 

 

 

Business Partners approves over R1bn in SME funding over the last 12 monthshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-partners-approves-over-r1bn-in-sme-funding-over-the-last-12-monthsBusiness Partners approves over R1bn in SME funding over the last 12 monthsDuring the last financial year, Business Partners Limited (BUSINESS/PARTNERS) - a leading risk financier for SMEs in South Africa and selected African countries approved R1.049 billion in funding through 295 investments for small and medium enterprises. 2018-06-06T22:00:00.0000000Z
Breaking down borders - Top considerations for SMEs expanding into Africahttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/breaking-down-borders-top-considerations-for-smes-expanding-into-africaBreaking down borders - Top considerations for SMEs expanding into AfricaIn light of Africa Day on the 25th of May, more South African and medium enterprise (SME) owners should be encouraged to look at how they could expand their operations into the rest of the continent. 2018-05-22T22:00:00.0000000Z
Adopting sustainability strategies can boost SA SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/adopting-sustainability-strategies-can-boost-sa-smesAdopting sustainability strategies can boost SA SMEsMany startup and small and medium-sized enterprise (SME) owners in South Africa believe that sustainability strategies are only relevant to large corporates, but there are many advantages to making sustainability the foundation of any new business. 2018-05-15T22:00:00.0000000Z
High data costs continue to hamper SME growth in SAhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/high-data-costs-continue-to-hamper-sme-growth-in-saHigh data costs continue to hamper SME growth in SAIt is imperative to reduce the cost of data in South Africa to contribute to minimising the cost of running a small and medium enterprise (SME) and improve their growth. 2018-05-13T22:00:00.0000000Z
Entrepreneurship is a career – not a back-up planhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/entrepreneurship-is-a-career-–-not-a-back-up-planEntrepreneurship is a career – not a back-up planThe current perception around entrepreneurship in South Africa needs to change, with more regarding it as a viable career choice instead of a back-up plan for unemployment. 2018-04-02T22:00:00.0000000Z
Pre-Budget 2018 commentaryhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/pre-budget-2018-commentaryPre-Budget 2018 commentaryFollowing an inspiring and predominantly growth friendly State of the Nation Address (SONA) on Friday, 16 February by President Ramaphosa, South Africa now gears up to find out how National Treasury plans to minimise the country’s revenue deficit, currently at an estimated R50.8 billion. 2018-02-19T22:00:00.0000000Z
Economic turnaround holds opportunities for SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/economic-turnaround-holds-opportunities-for-smesEconomic turnaround holds opportunities for SMEsThe South African economy is showing early signs of turning the corner after a couple of years of disappointing growth and high volatility. 2018 holds promise of increased opportunities for local small and medium enterprises (SMEs). This is according to Ben Bierman, MD at Business Partners Limited (BUSINESS/PARTNERS), who says that although this turnaround is by no means a certainty, SMEs can consider shifting from survival mode to a more opportunity-seeking stance.2018-02-05T22:00:00.0000000Z
SMEs in education sector vital to bolster skills in South Africahttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/smes-in-education-sector-vital-to-bolster-skills-in-south-africaSMEs in education sector vital to bolster skills in South AfricaThe skills deficit which currently faces South Africa has a detrimental effect in the economy and is one of the contributing factors for the country’s high unemployment rate. This is according to David Morobe, regional general manager at Business Partners Limited (BUSINESS/PARTNERS), who says that the recently released Critical Skills Survey Results for 2017 by Xpatweb - which reported that 77% of local organisations struggle to recruit critically skilled individuals – highlights this struggle. 2018-01-30T22:00:00.0000000Z
SMEs: cyber-crime can cost you more than you thinkhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/smes-cyber-crime-can-cost-you-more-than-you-thinkSMEs: cyber-crime can cost you more than you thinkAs the world is settling in to the Fourth Industrial Revolution – a technology-driven landscape that increasingly blurs the physical world with the digital world, through developing arenas such as mobile connectivity, artificial intelligence, the Internet of Things and next-generation robotics – businesses are faced with a new set of digital challenges, which includes the increased prevalence and sophistication of cyber-attacks.2017-11-27T22:00:00.0000000Z
When is enough, enough for a failing business?https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/when-is-enough-enough-for-a-failing-businessWhen is enough, enough for a failing business?In an economy that is becoming increasingly accustomed to strained trading conditions, many business owners are entering into cash flow struggles and finding themselves grappling with how to save a troubled company, or whether this is even a possibility.2017-10-31T22:00:00.0000000Z
New technical assistance programme launched for SA SMEs to drive business success ratehttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/new-technical-assistance-programme-launched-for-sa-smes-to-drive-business-success-rateNew technical assistance programme launched for SA SMEs to drive business success rateThe majority of business failures can be attributed to financial, management and reporting factors that can ordinarily be addressed through mentorship and technical assistance support throughout a business’s life cycle. This is supported by the 2014 Turnaround Management Survey which estimates that as much as 36% of business failures were caused by inadequate financial management. 2017-10-24T22:00:00.0000000Z
MTBPS: economic growth crucial to SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/mtbps-economic-growth-crucial-to-smesMTBPS: economic growth crucial to SMEsWhile local small and medium enterprises (SMEs) have many wishes for the upcoming Medium-Term Budget Policy Statement (MTBPS) that will improve the ease of doing business, none of these will be significant unless the ultimate outcome of the speech is improved economic prospects. 2017-10-18T22:00:00.0000000Z
Franchising holds growth opportunities for SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/franchising-holds-growth-opportunities-for-smesFranchising holds growth opportunities for SMEsThe resilience and vitality of the franchising industry in South Africa is more apparent than ever, and increasingly becoming a notable asset to the country. 2017-10-09T22:00:00.0000000Z
Tourism sparkles amongst SA's economic gloomhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/tourism-sparkles-amongst-sas-economic-gloomTourism sparkles amongst SA's economic gloomThrough the storm clouds of a distressed economy, the South African tourism industry stands out as a ray of sunshine. And, with travel and tourism expected to contribute 9.4% to the GDP of South Africa in 2017 – according to the PwC’s Hospitality outlook: 2017-2021 – small business owners operating in the sector need to be taking heed of the sector’s gaps and opportunities if this goal is to be realised, and exceeded in years to come.2017-10-03T22:00:00.0000000Z
Gender equity drives SA entrepreneur to successhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/gender-equity-drives-sa-entrepreneur-to-successGender equity drives SA entrepreneur to successThere is still a misconception in South Africa that certain sectors are reserved for specific genders, however, Lola Robertson, owner of Armadillo Concepts – a Kempton Park-based manufacturer of high quality automotive roll-top covers – was not deterred by her male counterparts’ misgivings when she started out as a junior buyer at the company, 17 years ago. 2017-09-12T22:00:00.0000000Z
Which SA sectors are ripe with opportunity for local SMEs?https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/which-sa-sectors-are-ripe-with-opportunity-for-local-smesWhich SA sectors are ripe with opportunity for local SMEs?Following two consecutive declines in GDP, sending the South African economy into a technical recession in early June 2017, current sentiment about economic growth prospects remains strained. Despite this negative sentiment, there are sectors within the economy that present a number of opportunities for small and medium enterprises – and could contribute to the economic growth that the country is desperately seeking.2017-08-14T22:00:00.0000000Z
Improving gender diversity key for success in uncertain timeshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/improving-gender-diversity-key-for-success-in-uncertain-timesImproving gender diversity key for success in uncertain timesGender diversity is vital for business success in an environment of increasing uncertainty. As the country celebrates women during August, Kgomotso Ramoenyane, Executive General Manager of Human Resources at Business Partners Limited (BUSINESS/PARTNERS), says that small and medium enterprises (SMEs) can benefit significantly from improving gender diversity in their companies because of the complementary skills, different perspectives and ideas women bring. 2017-08-09T22:00:00.0000000Z
Innovation vital for SME survival in SAhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/innovation-vital-for-sme-survival-in-saInnovation vital for SME survival in SA2017 has so far been a turbulent year for South Africa, with the country’s GDP contracting by 0.7% during the first quarter, pushing the local economy into a technical recession. This impacted negatively on consumer confidence and although this can have a detrimental effect on the trading conditions for small and medium enterprises (SMEs), if SME owners tap into their entrepreneurial prowess and innovate, they can find opportunity despite the doom and gloom.2017-07-30T22:00:00.0000000Z
Commercial property a viable nest egg for SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/commercial-property-a-viable-nest-egg-for-smesCommercial property a viable nest egg for SMEsIn light of National Savings Month, which aims to promote debate around the key aspects and benefits of saving, Jeremy Lang - regional general manager at Business Partners Limited (BUSINESS/PARTNERS) - says that traditional savings vehicles may not always be the best option for small and medium enterprises (SMEs), and that investing for growth may be more beneficial than sitting on a lump sum of cash. Lang says that in the current economic environment, investing in property may be a viable option for SME owners to consider as a long-term savings mechanism. 2017-07-19T22:00:00.0000000Z
Is your business on target?https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/is-your-business-on-targetIs your business on target?The half-time break for a sports match offers a crucial few minutes for both the coach and players to review and tweak their game plan, and in a similar way, business owners should view the half-way mark of the year no differently.2017-07-18T22:00:00.0000000Z
Entrepreneurship offers SA youth hope amidst recessionhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/entrepreneurship-offers-sa-youth-hope-amidst-recessionEntrepreneurship offers SA youth hope amidst recessionAdding to the woes of South Africa’s unemployment rate hitting a 13-year high of 27.7%, Statistics SA’s Quarterly Labour Force Survey for the first quarter of 2017 revealed that the youth unemployment rate rose by 1.6 percentage points to 38.6%, and with the economy entering a technical recession, businesses are likely to slow expansion and hiring, further hindering the prospect of future employment. 2017-06-19T22:00:00.0000000Z
If SA thinks like an entrepreneur, the entrepreneurial data isn’t all doom and gloomhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/if-sa-thinks-like-an-entrepreneur-the-entrepreneurial-data-isn’t-all-doom-and-gloomIf SA thinks like an entrepreneur, the entrepreneurial data isn’t all doom and gloomSouth Africa has recorded one of its lowest levels of entrepreneurial activity since 2002, according to the recently released Global Entrepreneurial Monitor (GEM) South Africa report 2016-2017. And with such a finding, it is easy to become pessimistic about the country’s prospect of ever improving its levels of entrepreneurship - and all the job creation, wealth creation, and prosperity that goes with it. 2017-06-04T22:00:00.0000000Z
Leading SME risk financier’s results show solid investment deals but warns of stark challenges aheadhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/leading-sme-risk-financier’s-results-show-solid-investment-deals-but-warns-of-stark-challenges-aheadLeading SME risk financier’s results show solid investment deals but warns of stark challenges aheadOver the past year, Business Partners Limited (BUSINESS/PARTNERS) - a leading risk financier for SMEs in South Africa and selected African countries - approved 327 investment transactions, amounting to over R1,14 billion, and, in the process facilitated the creation of 12 395 jobs.2017-06-04T22:00:00.0000000Z
A financial immunity boost for local SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/a-financial-immunity-boost-for-local-smesA financial immunity boost for local SMEsAs South Africa’s newly appointed Finance Minister Malusi Gigaba continues to engage with international investors in an attempt to salvage the country from a third credit rating downgrade, local businesses brace themselves for the inevitable ripple effects caused by a low growth economic environment and the increased burden placed on domestic banks. 2017-05-14T22:00:00.0000000Z
Customer service in a technology driven worldhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/customer-service-in-a-technology-driven-worldCustomer service in a technology driven worldIn a world dominated by fast-paced, on-demand service - both online and offline - local businesses need to evaluate the role social media and technology play within their business and whether their customer service strategy is up-to-date and meeting their customers’ growing expectations. 2017-04-19T22:00:00.0000000Z