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 Media releases - South Africa

 

 

 

COVID-19 lessons for SAs restaurant industryhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/covid-19-lessons-for-sas-restaurant-industryCOVID-19 lessons for SAs restaurant industryWhile many sectors have found reprieve in the easing of the national lockdown to Alert Level 1, which includes the reopening of borders to tourists, the South African restaurant industry is experiencing a slow recovery. Strict operating hours, limitation on number of patrons that can be accommodated, health protocols and social distancing measures remain in place for all restaurants, and added to this, a growing fear of a “second wave” is likely to keep many patrons away from restaurants for some time to come. From having contributed R6-billion monthly to the national economy and employing more than 500,000 people last year, COVID-19 has resulted in many once-bustling restaurant businesses having to fight for survival.2020/10/11 10:00:00 PM
A turbulent voyage of recovery ahead for SA tourismhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/a-turbulent-voyage-of-recovery-ahead-for-sa-tourismA turbulent voyage of recovery ahead for SA tourismSouth African tourism, arguably the hardest hit sector in an economy reeling from the Covid-19 pandemic, will probably only return to its pre-Covid-19 levels in 2022, says Anton Roelofse, regional general manager at Business Partners Limited (BUSINESS/PARTNERS).2020/09/15 10:00:00 PM
BUSINESS/PARTNERS allocates R100 million in much-needed COVID-19 relief to clientshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-partners-allocates-r100-million-in-much-needed-covid-19-relief-to-clientsBUSINESS/PARTNERS allocates R100 million in much-needed COVID-19 relief to clientsMany South African businesses continue to face an uncertain future, doubtful if they will ever fully recover from the economic impact of COVID-19.2020/08/18 10:00:00 PM
Female entrepreneurs have better risk profile for business loanshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/female-entrepreneurs-have-better-risk-profile-for-business-loansFemale entrepreneurs have better risk profile for business loansWhile female-owned businesses are still in the minority in South Africa, the growth of entrepreneurship among women in the country has been encouraging. In the last year, a survey conducted by SME South Africa found that around 47% of South African small and medium enterprises (SMEs) are led by women – a 6% increase from the previous year. This increase has brought an interesting fact to the fore, which is that female-owned businesses also present a lower statistical risk for business financiers.2020/08/06 10:00:00 PM
Adapting your business to thrive in a COVID-19 worldhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/adapting-your-business-to-thrive-in-a-covid-19-worldAdapting your business to thrive in a COVID-19 worldAs South Africa transitions into level three of lockdown, many local businesses have finally been given the green light to resume operations. This is welcome news, considering the alarming South African SME Finance Association (SASFA) projection that 75% of small and micro businesses may be forced to close down if the lockdown runs beyond 30 June.2020/07/05 10:00:00 PM
Special Adjustment Budget should prioritise SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/special-adjustment-budget-should-prioritise-smesSpecial Adjustment Budget should prioritise SMEsOn Wednesday, 24 June, Minister Mboweni will table the Special Adjustment Budget, which has come about as a result of the COVID-19 pandemic and ensuing national lockdown. With certain sectors of the economy still struggling to get back on their feet, there is a real need to provide greater support for the small and medium enterprises (SMEs) that have been hit the hardest by this pandemic.2020/06/22 10:00:00 PM
COVID-19 Sukuma Relief Programme for SA SMEs hits capacity – temporarily.https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/covid-19-sukuma-relief-programme-for-sa-smes-hits-capacity-–-temporarilyCOVID-19 Sukuma Relief Programme for SA SMEs hits capacity – temporarily.Just days after applications opened for the Sukuma Relief Programme – an initiative aimed at supporting small and medium enterprises (SMEs) that are financially impacted by COVID-19 – the fund has been oversubscribed, with applications for financial assistance far exceeding the current available capital of R1 billion. This includes both completed applications and applications in progress.2020/04/05 10:00:00 PM
Here’s how to apply for Covid-19 business fundinghttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/here’s-how-to-apply-for-covid-19-business-fundingHere’s how to apply for Covid-19 business fundingPositioned to provide widespread and sustainable support for small and medium enterprises (SMEs) that are financially impacted by COVID-19, the newly-established Sukuma Relief Programme comprises two distinct and separate relief offerings – one for formal sole proprietors and another for other business entities, namely close corporations, companies, and trusts.2020/04/02 10:00:00 PM
Business Partners Limited statementhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-partners-limited-statementBusiness Partners Limited statementBusiness Partners Limited (BUSINESS/PARTNERS) notes and welcomes all comments and statements shared as part of the national dialogue around the R1 billion funding from the Rupert Family and Remgro Limited. The company would like to stress, that the money made available for small and medium enterprise (SME) support by the Rupert Family and Remgro is in fact a donation. It would also like to reiterate that the administration of these funds are subject to certain criteria. These criteria have been specifically designed in order to sustain the Fund in the long-term. The objective is to administer the donation in a way that will retain capital in the trust after the COVID-19 crisis. The company remains committed to share further details around the criteria, repayment terms and how to apply for the financial aid this week.2020/03/30 10:00:00 PM
Business Partners Ltd ready to take applications for the Rupert Funding by the end of the week.https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-partners-ltd-ready-to-take-applications-for-the-rupert-funding-by-the-end-of-the-weekBusiness Partners Ltd ready to take applications for the Rupert Funding by the end of the week.The disruption brought on by the Coronavirus Disease 2019 (COVID-19) has left many small-and-medium enterprises (SMEs) across the world uncertain about their future. Couple this with a low growth environment, South Africa entering a technical recession, and the country’s ratings downgrade to sub-investment grade by Moody’s on Friday, local SMEs have been dealt a particularly bad hand.2020/03/28 10:00:00 PM
WOMEN BUSINESS OWNERS: SA NEEDS YOUhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/women-business-owners-sa-needs-youWOMEN BUSINESS OWNERS: SA NEEDS YOUIn light of International Women’s Day, that will be celebrated on Sunday 8 March, with the theme “Each for Equal”, it is important to encourage more women to go into business. When the disparity of too few women-owned businesses is addressed, it will help stimulate much-needed economic activity and have a hand in tackling local challenges like unemployment and poverty.2020/03/09 10:00:00 PM
IFC, Business Partners Limited and Goldman Sachs 10,000 Women Partner to Support Women-Owned Businesses in South Africa https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/ifc-business-partners-limited-and-goldman-sachs-10-000-women-partner-to-support-women-owned-businesses-in-south-africaIFC, Business Partners Limited and Goldman Sachs 10,000 Women Partner to Support Women-Owned Businesses in South Africa IFC, a member of the World Bank Group today announced a R600 million ($41 million) investment in Business Partners Ltd. (BUSINESS/PARTNERS) to strengthen women-owned businesses in South Africa and help create tens of thousands of jobs.2019/12/17 10:00:00 PM
Business owners at high risk of burnout - here’s how to deal with ithttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-owners-at-high-risk-of-burnout-here’s-how-to-deal-with-itBusiness owners at high risk of burnout - here’s how to deal with itHigh stress is a natural part of life for business owners. For one, you manage people, which is a major stressor all by itself. At the same time, you have to build and shape your enterprise while everything is on the move and you are racing against competitors. You also don’t have a boss to blame or complain to. Of course you are going to get stressed out, says Erika Wassenaar, group training manager at Business Partners Limited (BUSINESS/PARTNERS).2019/12/12 10:00:00 PM
Business owner’s checklist for a thoughtful marketing strategyhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-owner’s-checklist-for-a-thoughtful-marketing-strategyBusiness owner’s checklist for a thoughtful marketing strategyAll business owners are engaged in marketing, whether they like it or not, but not all of them put a lot of thought into it, says Byron Jeacocks, regional general manager at Business Partners Limited. The difference between having a thoughtful marketing strategy on the one hand, and simply rushing headlong into the market on the other is often the difference between business success and failure, growth and stagnation, and longevity and a flash in the pan, says Byron.2019/12/12 10:00:00 PM
How the interest rate cut will impact SA business ownershttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/how-the-interest-rate-cut-will-impact-sa-business-ownersHow the interest rate cut will impact SA business ownersWhile there has been a great deal of focus this year on the difficulties faced by local businesses, given the current tough economic conditions, the Reserve Bank’s announcement of an interest rate cut of 25 basis points to 6.5%, the first easing since March 2018, comes as a welcome relief for cash-strapped businesses. 2019/07/17 10:00:00 PM
Seven questions business owners should ask themselves at the midyear markhttps://www.businesspartners.africa/media-centre/media-releases/south-africa/seven-questions-business-owners-should-ask-themselves-at-the-midyear-markSeven questions business owners should ask themselves at the midyear markBy the midyear mark, businesses have six months of information to dictate where they need to reallocate resources and take corrective measures that will mitigate the impact of inefficiencies or ineffectiveness in the business during the second half of the year. This is according to Jeremy Lang, Regional General Manager at Business Partners Limited (BUSINESS/PARTNERS), one of Africa’s leading risk financiers that has consistently approved over R1 billion in business loan finance per annum over the last five years. He says that in order to build strengths and eliminate weaknesses, business owners should ask themselves the following seven questions as the basis of a midyear review. 2019/07/14 10:00:00 PM
Seven questions business owners should ask themselves at the midyear markhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/seven-questions-business-owners-should-ask-themselves-at-the-midyear-markSeven questions business owners should ask themselves at the midyear markBy the midyear mark, businesses have six months of information to dictate where they need to reallocate resources and take corrective measures that will mitigate the impact of inefficiencies or ineffectiveness in the business during the second half of the year. This is according to Jeremy Lang, Regional General Manager at Business Partners Limited (BUSINESS/PARTNERS), one of Africa’s leading risk financiers that has consistently approved over R1 billion in business loan finance per annum over the last five years. He says that in order to build strengths and eliminate weaknesses, business owners should ask themselves the following seven questions as the basis of a midyear review. 2019/07/14 10:00:00 PM
The advantages that the gig economy holds for local businesses and young professionalshttps://www.businesspartners.africa/media-centre/media-releases/south-africa/the-advantages-that-the-gig-economy-holds-for-local-businesses-and-young-professionalsThe advantages that the gig economy holds for local businesses and young professionalsThe number of people rendering professional services on a temporary basis, has increased significantly in South Africa. Statistics SA estimates that between 2017 and 2018, temporary employment rose from 2,6 million to 3,9 million.2019/06/19 10:00:00 PM
The advantages that the gig economy holds for local businesses and young professionalshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/the-advantages-that-the-gig-economy-holds-for-local-businesses-and-young-professionalsThe advantages that the gig economy holds for local businesses and young professionalsThe number of people rendering professional services on a temporary basis, has increased significantly in South Africa. Statistics SA estimates that between 2017 and 2018, temporary employment rose from 2,6 million to 3,9 million.2019/06/19 10:00:00 PM
Entrepreneurial development key to SA's economic recoveryhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/entrepreneurial-development-key-to-sas-economic-recoveryEntrepreneurial development key to SA's economic recoveryDuring his first State of the Nation Address, President Cyril Ramaphosa emphasised that the growth of the economy will be sustained by small businesses, as in the case of many countries. When viewed in light of South Africa's economy contracting by 3.2 percent in the first three months of 2019 – the largest quarterly drop in a decade – David Morobe, Executive General Manager at Business Partners Limited (BUSINESS/PARTNERS), says that this is a situation that can only be remedied by the financing and robust development of young entrepreneurs. 2019/06/17 10:00:00 PM
Business Partners Limited approves R1 billion in business finance in 12 monthshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-partners-limited-approves-r1-billion-in-business-finance-in-12-monthsBusiness Partners Limited approves R1 billion in business finance in 12 monthsDuring the last financial year, Business Partners Limited (BUSINESS/PARTNERS) - a leading risk financier - approved R 1 027.5 million in business finance to 308 businesses in South Africa, representing a notable increase in the number of companies that it was able to reach this year, up from 295 businesses last year. 2019/06/05 10:00:00 PM
Ignorance is a luxury SA SMEs cannot affordhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/ignorance-is-a-luxury-sa-smes-cannot-affordIgnorance is a luxury SA SMEs cannot affordLocal small and medium enterprises (SMEs) need to give themselves every opportunity to gain from dynamic changes in world markets that are happening at an ever-increasing pace. Jeremy Lang, Regional General Manager at Business Partners Limited (BUSINESS/PARTNERS), the leading financier of SME business owners, says fluidity and uncertainty in the global economy need not be a threat and can actually help nimble businesses to exploit new opportunities. 2019/05/09 10:00:00 PM
2019 National Budget speech: Five positive, key take-outs, for local SMEshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/2019-national-budget-speech-five-positive-key-take-outs-for-local-smes2019 National Budget speech: Five positive, key take-outs, for local SMEsFinance Minister Tito Mboweni today referenced the private sector as the key engine for job creation in his National Budget speech. 2019/02/19 10:00:00 PM