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 Media releases - South Africa

 

 

 

Overcoming fears of starting a businesshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/overcoming-fears-of-starting-a-businessOvercoming fears of starting a businessIt is important for aspiring entrepreneurs to not let their fears stand in the way of starting a business. This is according to David Morobe, Regional General Manager at Business Partners Limited (BUSINESS/PARTNERS), who says that, in light of World Entrepreneurs Day taking place on 21 August, there is a need for more South Africans to take the leap into entrepreneurship.2018/08/20 10:00:00 PM
Improving SMEs’ access to finance imperative for SAhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/improving-smes’-access-to-finance-imperative-for-saImproving SMEs’ access to finance imperative for SAIn recent years, the number of financiers that make funding available to small and medium enterprises (SMEs) in South Africa has increased significantly. Yet in spite of this, each year sees countless SMEs struggling to access business finance, according to Anton Roelofse, Regional General Manager at Business Partners Limited.2018/08/15 10:00:00 PM
The benefits of going green for small businesseshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/the-benefits-of-going-green-for-small-businessesThe benefits of going green for small businessesBecoming more environmentally sustainable is not only viable for small businesses, but could yield even greater benefits as these small and medium enterprises (SMEs) grow. This is according to Stanton Naidoo, Executive General Manager: Property & Asset Management Services at Business Partners Limited, who mentions that many SME owners still mistakenly believe, that going green should only become a priority once a fledgling business has managed to establish itself as a profitable enterprise. 2018/07/18 10:00:00 PM
Fear of failure hinders South Africa’s aspiring entrepreneurshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/fear-of-failure-hinders-south-africa’s-aspiring-entrepreneursFear of failure hinders South Africa’s aspiring entrepreneursAccording to the 2017/2018 Global Entrepreneurship Monitor Report, 43% of South Africans perceived good entrepreneurial opportunities, yet only 11% of entrepreneurs were engaged in Total Early-stage Entrepreneurial Activity and had taken the steps to start a new business. Further to this, 31% of respondents had reported to have a fear of failure when starting a business.2018/06/18 10:00:00 PM
Enabling Generation Z to drive entrepreneurship in South Africahttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/enabling-generation-z-to-drive-entrepreneurship-in-south-africaEnabling Generation Z to drive entrepreneurship in South AfricaAccording to the latest research by Statistics South Africa, youth unemployment in the country stands at a disappointing 52,4% for the first quarter of 2018. This number could however be minimised if the public and private sector join forces to build a supportive entrepreneurial ecosystem for the younger generation, which statistics show are more open-minded to entrepreneurship as a career choice than generations before them. 2018/06/11 10:00:00 PM
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. 2018/06/06 10:00:00 PM
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. 2018/05/22 10:00:00 PM
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. 2018/05/15 10:00:00 PM
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. 2018/05/13 10:00:00 PM
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. 2018/04/02 10:00:00 PM
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. 2018/02/19 10:00:00 PM
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.2018/02/05 10:00:00 PM
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. 2018/01/30 10:00:00 PM
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.2017/11/27 10:00:00 PM
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.2017/10/31 10:00:00 PM
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. 2017/10/24 10:00:00 PM
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. 2017/10/18 10:00:00 PM
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. 2017/10/09 10:00:00 PM
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.2017/10/03 10:00:00 PM
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. 2017/09/12 10:00:00 PM
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.2017/08/14 10:00:00 PM
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. 2017/08/09 10:00:00 PM
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.2017/07/30 10:00:00 PM
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. 2017/07/19 10:00:00 PM
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.2017/07/18 10:00:00 PM