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 Media releases - South Africa

 

 

 

Supporting women-owned businesses benefits allhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/supporting-women-owned-businesses-benefits-allSupporting women-owned businesses benefits allDuring the State of the Nation Address (SONA) last month, President Cyril Ramaphosa referred to the newly passed policy, which sets aside 40 percent of public procurement for women-owned businesses. This important development has the potential to meaningfully increase the number of women-owned businesses in South Africa, open their access to markets, while stimulating economic activity. Added to this, as the country starts looking to the small and medium enterprise (SME) sector to help rebuild the country’s economy, women in business may see an opportunity to grow like never before.2021/03/07 10:00:00 PM
SME wishlist to help rebuild South Africa’s economyhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/sme-wishlist-to-help-rebuild-south-africa’s-economySME wishlist to help rebuild South Africa’s economyThe global economy has been left winded and weak by the effects of the COVID-19 pandemic and governments the world over have a difficult task ahead. With the Minister of Finance delivering his much-anticipated 2021 National Budget this Wednesday (24 February 2021), one can’t help but reflect on what solutions need to be implemented to rebuild what was lost in 2020 because of the pandemic and years of low economic growth before then. Whatever the solutions, they need to be monumental and perhaps even radical in order to revive our economy.2021/02/22 10:00:00 PM
Why a recession might be a good time to start a new business venturehttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/why-a-recession-might-be-a-good-time-to-start-a-new-business-ventureWhy a recession might be a good time to start a new business venture: Considering that South Africa won’t see the full roll-out of a COVID-19 vaccine until later this year, and is still reeling from the first and second COVID-19 wave, one might assume that now is not an opportune time to consider starting a new business venture. However, the opposite may in fact be true, if history is anything to go by - according to Rene Botha, Stellenbosch Area Manager for Business Partners Limited (BUSINESS/PARTNERS).2021/02/16 10:00:00 PM
Business owners will watch Budget for signs of hopehttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/business-owners-will-watch-budget-for-signs-of-hopeBusiness owners will watch Budget for signs of hopeThe scale of the devastation brought upon small businesses by the Covid-19 pandemic is such that the Budget speech this year could make a tangible difference by simply conveying hope, says David Morobe, executive general manager at Business Partners Limited.2021/02/14 10:00:00 PM
SME financing 101: Knowing your options is key to survivalhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/sme-financing-101-knowing-your-options-is-key-to-survivalSME financing 101: Knowing your options is key to survivalWhen President Cyril Ramaphosa addressed the nation on the country’s response to COVID-19 on Monday 1 February 2021, small and medium enterprises (SME) owners across the country gave a unified sigh of relief, as certain lockdown restrictions were eased. Yet despite this easing of restrictions, SMEs have been under pressure for some time thanks to a sluggish economy, which the pandemic only served to compound.2021/02/09 10:00:00 PM
Planning for the uncertainties of 2021https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/planning-for-the-uncertainties-of-2021Planning for the uncertainties of 2021The pandemic, the lockdown, load shedding, South Africa’s downgrade and all the social and political uncertainties that have conspired to make 2020 one of the most difficult years for business owners look set to continue into 2021, even though we may be over the worst of at least some of our ailments.2021/01/26 10:00:00 PM
How to prepare your SME for a resilient 2021https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/how-to-prepare-your-sme-for-a-resilient-2021How to prepare your SME for a resilient 2021As 2021 kicked off with another Lockdown extension and a new wave of COVID-19 infections, businesses have experienced a tough start to the year as they continue to navigate the “new normal”. However, on the plus side, the past year has taught business owners and small-to-medium-sized businesses (SMEs) some significant lessons in agility and resilience, making them better equipped for what they might face in 2021.2021/01/19 10:00:00 PM
SME lessons from a tough yearhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/sme-lessons-from-a-tough-yearSME lessons from a tough yearIf your business has made it this far, congratulations! You have likely survived one of the biggest collective economic crises of our generation. As we approach the end of a year that can only be described as ‘unprecedented', it is important to reflect on the lessons that business owners can learn from it, and how best to implement effective strategies for the year ahead, based on these insights. 2021/01/09 10:00:00 PM
#DATAMUSTFALL for local SMEs to thrivehttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/datamustfall-for-local-smes-to-thrive#DATAMUSTFALL for local SMEs to thriveDespite recent intervention from the Competition Commission, South Africa still has some of the most expensive mobile data rates on the continent. In fact, from lowest to highest data tariffs, Research ICT Africa’s Retail African Mobile Pricing (RAMP) Index ranked South Africa 33rd out of 46 African countries this year.2020/11/30 10:00:00 PM
Top lessons learnt from the COVID-19 crisis in 2020, and how to use themhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/top-lessons-learnt-from-the-covid-19-crisis-in-2020-and-how-to-use-themTop lessons learnt from the COVID-19 crisis in 2020, and how to use themNow that we are almost a year into the biggest collective business crisis of our generation, it is a good time to reflect on the lessons that business owners can learn from it, and how best to implement strategies based on these insights, says Jeremy Lang, regional general manager at Business Partners Limited.2020/11/25 10:00:00 PM
SA SMEs see light at the end of COVID-19 tunnel, index revealshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/sa-smes-see-light-at-the-end-of-covid-19-tunnel-index-revealsSA SMEs see light at the end of COVID-19 tunnel, index revealsFollowing a year of unprecedented challenges, South African small and medium enterprises (SMEs) appear to have seen a glimmer of light at the end of a long, dark COVID-19 tunnel.2020/11/22 10:00:00 PM
Timely payments key to SMME survival in challenging economyhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/timely-payments-key-to-smme-survival-in-challenging-economyTimely payments key to SMME survival in challenging economyDespite a legal requirement that invoices and claims be paid within 30 days or Manager: Marketing at BUSINESS/PARTNERS – one of Africa’s leading risk finance companies for small businesses – is urging both Government and the private sector to address this unsustainable culture of late payments. within the period contractually agreed upon, a Public Service Commission (PSC) report has revealed that South African small, medium and micro enterprises (SMMEs) are owed billions in unpaid invoices by Government departments. The report is based on grievances handled by the PSC from 1 January to 31 March 2020. 2020/11/14 10:00:00 PM
Opportunity Alert- Growth of online retail is shaking up SA logisticshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/opportunity-alert-growth-of-online-retail-is-shaking-up-sa-logisticsOpportunity Alert- Growth of online retail is shaking up SA logisticsWhen bricks and mortar business owners start thinking about ecommerce - as virtually all of them did when the lockdown and Covid-19 restrictions hit the economy this year - their first thoughts go to the IT infrastructure required. They think about the shiny new website functionalities and mobile apps that will allow their customers to buy online. 2020/10/25 10:00:00 PM
What SA SMEs are hoping for in the mid-term budgethttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/what-sa-smes-are-hoping-for-in-the-mid-term-budgetWhat SA SMEs are hoping for in the mid-term budgetWhile President Ramaphosa’s Economic Reconstruction and Recovery Plan provides an important framework for South Africa’s revitalisation and growth trajectory, it lacks necessary detail in terms of initiatives to support the small and medium-sized enterprises (SMEs) that will serve as the engine of growth for this economic recovery. 2020/10/20 10:00:00 PM
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