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 Media releases - South Africa

 

 

 

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
Business unusual: SMEs adapting to junk status landscapehttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-unusual-smes-adapting-to-junk-status-landscapeBusiness unusual: SMEs adapting to junk status landscapeRatings agencies Standard and Poor's 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 expensive2017-04-10T22:00:00.0000000Z
How a business plan can make or break a start-up seeking financehttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/how-a-business-plan-can-make-or-break-a-start-up-seeking-financeHow a business plan can make or break a start-up seeking financewedding planning start-up nets R400 000 on & SharkTank 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 financier to approve funding2017-03-29T22:00:00.0000000Z
Are you pitching your business short?https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/are-you-pitching-your-business-shortAre 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 into2017-03-27T22:00:00.0000000Z
The right time to become a full-time entrepreneurhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/the-right-time-to-become-a-full-time-entrepreneurThe right time to become a full-time entrepreneurThe 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.2017-03-22T22:00:00.0000000Z
Budget Speech Commentary by Business Partners Limited – Ben Biermanhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/budget-speech-commentary-by-business-partners-limited-–-ben-biermanBudget Speech Commentary by Business Partners Limited – Ben BiermanMinister 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.2017-02-26T22:00:00.0000000Z
Now is the time for a pro-SME Budgethttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/now-is-the-time-for-a-pro-sme-budgetNow is the time for a pro-SME BudgetAny 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.2017-02-16T22:00:00.0000000Z
Buy your dream entrepreneurial businesshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/buy-your-dream-entrepreneurial-businessBuy your dream entrepreneurial businessWhen 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. 2017-02-09T22:00:00.0000000Z
SA SMEs can expect light in 2017 after dark 2016 tunnelhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/sa-smes-can-expect-light-in-2017-after-dark-2016-tunnelSA SMEs can expect light in 2017 after dark 2016 tunnelBusiness 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, specifically in South Africa, which brought about stronger cooperation between the private sector, government and civil society to better foster and increase the success of SMEs in 2017.2017-01-22T22:00:00.0000000Z
Taking holidays seriouslyhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/taking-holidays-seriouslyTaking holidays seriouslyIn 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.2016-12-19T22:00:00.0000000Z