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Entrepreneurship offers SA youth hope amidst recessionhttps://www.businesspartners.co.za/en-za/media centre/Media-releases/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. 2017/06/19 10:00:00 PM
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/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.2017/06/04 10:00:00 PM
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/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. 2017/06/04 10:00:00 PM
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 expensive2017/04/10 10:00:00 PM
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 funding2017/03/29 10:00:00 PM
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 into2017/03/27 10:00:00 PM
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.2017/03/22 10:00:00 PM
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.2017/02/26 10:00:00 PM
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.2017/02/16 10:00:00 PM
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 2017.2017/01/22 10:00:00 PM
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.2016/12/19 10:00:00 PM
The festive season survival guide for SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/the-festive-season-survival-guide-for-smesThe festive season survival guide for SMEsWith 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.2016/12/19 10:00:00 PM
SMEs survive another tough yearhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/smes-survive-another-tough-yearSMEs survive another tough yearSouth 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 2017.2016/12/12 10:00:00 PM
Building your small business into a big brandhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/building-your-small-business-into-a-big-brandBuilding your small business into a big brandWhen 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’ success2016/12/06 10:00:00 PM
All size businesses to consider environment impacthttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/all-size-businesses-to-consider-environment-impactAll size businesses to consider environment impactAs 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. 2016/11/30 10:00:00 PM
Failure to plan and mentor the demise of SA family businesseshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/failure-to-plan-and-mentor-the-demise-of-sa-family-businessesFailure to plan and mentor the demise of SA family businessesIn 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.2016/11/24 10:00:00 PM
2016 a particularly disruptive year for entrepreneurial landscapehttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/2016-a-particularly-disruptive-year-for-entrepreneurial-landscape2016 a particularly disruptive year for entrepreneurial landscapeGlobal Entrepreneurship Week (14 – 20 November) Many local entrepreneurial businesses have the potential to thrive under pressure. However, in the midst of a volatile economy small and medium enterprises (SMEs) do require a particular level of certainty to flourish and implement growth strategies.2016/11/20 10:00:00 PM
Young, aspirant entrepreneur duo awarded top national prizehttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/young-aspirant-entrepreneur-duo-awarded-top-national-prizeYoung, aspirant entrepreneur duo awarded top national prizeTwo young entrepreneurs, Bahle Nteleki and Mazizi Njokweni, have been crowned the national winners in the 2016 Business Partners / SME Toolkit Global Entrepreneurship Week's Business Plan Competition for Aspiring Young Entrepreneurs at an awards ceremony held in Johannesburg this morning. The two entrepreneurs will as a result be equipped with the tools and practical knowledge required to turn their promising business idea into a reality.2016/11/09 10:00:00 PM
Retrenchment: not always the solution to survive in an economic downturnhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/retrenchment-not-always-the-solution-to-survive-in-an-economic-downturnRetrenchment: not always the solution to survive in an economic downturnMirroring the economic strain that many South African households are experiencing, many local businesses too are feeling the economic "heat" as owners grapple to maintain turnover and profitability. During this time, many business owners consider or even implement retrenchments, but there are a number of factors to consider before taking such drastic action.2016/10/19 10:00:00 PM
Raising profit margins in a stagnant economyhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/raising-profit-margins-in-a-stagnant-economyRaising profit margins in a stagnant economyAdvice to SME owners South Africa's current economic environment poses a real risk for small and medium enterprise (SME) owners given its stagnant growth, and it is increasingly more difficult for local businesses to sustain themselves, let alone increase profit margins.2016/09/29 10:00:00 PM
Culture shift required to boost SA entrepreneurship levelshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/culture-shift-required-to-boost-sa-entrepreneurship-levelsCulture shift required to boost SA entrepreneurship levelsEconomic growth in South Africa has, for the last few months, been in the spotlight – especially as ratings agencies keep a close eye on developments in the country. Given entrepreneurs’ significant contribution to GDP, reported at 42%, the expectation remains for entrepreneurs to bolster growth in the country. As we review our heritage this Heritage Month, the question however remains, is a culture of entrepreneurship being promoted in South Africa?2016/09/21 10:00:00 PM
Five things entrepreneurs can do after hours to aid self-developmenthttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/ive-things-entrepreneurs-can-do-after-hours-to-aid-self-developmentFive things entrepreneurs can do after hours to aid self-developmentIt has become commonly accepted that entrepreneurs spend more time working after hours than conventional employees who work the standard 9-to-5 job. The fact that the small and medium business sector contributes approximately R530 billion to the South African economy through working beyond the standard business hours – according to a global survey by Sage in 2015 – is proof that entrepreneurs are not afraid to put in the extra hours 2016/09/16 10:00:00 PM
Untapped tourism sector key to meeting SA economic challengeshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/untapped-tourism-sector-key-to-meeting-sa-economic-challengesUntapped tourism sector key to meeting SA economic challengesAs many sectors within the South African economy continue to struggle with growth projected to be low, one sector that continues to thrive is the local tourism industry. Anton Roelofse, regional general manager at Business Partners Limited (BUSINESS/PARTNERS), says that recent figures show the tourism sector to be one of the country's best performing and consistently stable industries – growing faster than the local economy. Despite tough economic conditions, the sector highlights the opportunities that exist for ambitious, determined entrepreneurs.2016/09/12 10:00:00 PM
Mayors challenged to involve local SMEs in stimulating job creationhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/mayors-challenged-to-involve-local-smes-in-stimulating-job-creationMayors challenged to involve local SMEs in stimulating job creationWe are approaching 100 days since the local government elections and as newly elected mayors of South Africa's municipalities begin to tackle the many governmental challenges that face them, there is significant opportunity to boost job creation among small and medium enterprises (SMEs), especially those that provide vital products and services to municipalities and local authorities.2016/09/01 10:00:00 PM
Gender gap in entrepreneurship gradually receding, but still exists, says SME financierhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/gender-gap-in-entrepreneurship-gradually-receding-but-still-exists-says-sme-financierGender gap in entrepreneurship gradually receding, but still exists, says SME financierFemale entrepreneurs are playing an increasingly significant role in the South African economy, with financing figures from local small and medium enterprise (SME) risk financier, Business Partners Limited (BUSINESS/PARTNERS), showing an encouraging cultural and empowerment shift in the country. 2016/08/24 10:00:00 PM