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 Media releases - South Africa

 

 

 

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.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.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
SA SMEs anticipate a more realistic state of Ramaphoria in the 2019 Budget Speechhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/sa-smes-anticipate-a-more-realistic-state-of-ramaphoria-in-the-2019-budget-speechSA SMEs anticipate a more realistic state of Ramaphoria in the 2019 Budget SpeechThis time last year, following the election of President Cyril Ramaphosa, South Africa was on the cusp of a widespread optimistic rapture that has subsequently been coined “Ramaphoria”. While it is probably fair to say that not all expectations were met in the past year, it is also necessary to acknowledge that the country’s macroeconomic challenges, and especially the challenges to rectify and improve the institutional framework and ethos, were greater than expected.2019/02/05 10:00:00 PM
Top sectors for SMEs in 2019https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/top-sectors-for-smes-in-2019Top sectors for SMEs in 2019While the South African economy has been underperforming for a number of years, the first positive signs of turnaround started to become visible by the second quarter of 2018, and by the end of the third quarter, data supplied by Statistics South Africa showed that the economy had indeed grown by 2.2 percent, compared to the previous quarter. This positive uptick is expected to have a positive effect on business confidence in 2019.2019/01/23 10:00:00 PM
SMEs urged to prioritise cash flow in 2019https://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/smes-urged-to-prioritise-cash-flow-in-2019SMEs urged to prioritise cash flow in 2019The South African Reserve Bank (SARB) recently increased the repurchase (repo) rate by 25 basis points to 6,75 percent. In light of the negative impact this will have on the cost of debt, and given the ongoing lacklustre economic climate, South African small and medium-sized enterprises (SMEs) have been cautioned to buckle up for what is predicted to be a challenging year. 2018/12/12 10:00:00 PM
The opportunities for SMEs in a recessionhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/the-opportunities-for-smes-in-a-recessionThe opportunities for SMEs in a recessionWhile South Africa has entered a technical recession, we believe that already established small and medium enterprises (SMEs) in the country will have more to gain from continuing to conduct business introducing initiatives for improving business efficiency, instead of trying to recession-proof their operations with drastic measures such as downsizing staff and the like. 2018/12/12 10:00:00 PM
Young techpreneur awarded for wow-factorhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/young-techpreneur-awarded-for-wow-factorYoung techpreneur awarded for wow-factorInnovative techpreneur, Khomotso Malakalaka, was announced as the national winner of the 2018 SME Toolkit BUSINESS/PARTNERS Business Plan Competition for Aspiring Young Entrepreneurs – a competition that saw 800 young aspiring entrepreneurs attend business planning workshops across the country to equip them with the necessary skills and tools to turn their business idea into a reality – in Johannesburg on 21 November 2018. 2018/11/20 10:00:00 PM
It's never too late to start a businesshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/its-never-too-late-to-start-a-businessIt's never too late to start a businessWhilst the country continues to battle a high unemployment rate – which increased to 27,5 percent, according to the Quarterly Labour Force Survey for the Third Quarter of 2018 – the narrative of entrepreneurship as a viable career choice should be widely promoted and encouraged across all generations.2018/11/14 10:00:00 PM
Stress management key to growing a small businesshttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/stress-management-key-to-growing-a-small-businessStress management key to growing a small businessMany South African small and medium enterprise (SME) owners are grappling with the stress and strain of running a business. This was confirmed by the findings of the second quarter 2018 SME Confidence Index, which reveals that 76 percent of the SME owners surveyed say that the pressure of running their own business can sometimes be overwhelming and limit their potential.2018/10/28 10:00:00 PM
SMEs to transform SA's education sectorhttps://www.businesspartners.co.za/en-za/media-centre/media-releases/south-africa/smes-to-transform-sas-education-sectorSMEs to transform SA's education sectorThe education sector in South Africa remains a catch-22, with public schools struggling to yield positive results and private schools being too costly for many South African households to afford. This challenge, however, signals a gap in the market and provides an opportunity for small and medium enterprises (SMEs) in the private education sector to flourish while contributing to improvements in the education sector. 2018/10/20 10:00:00 PM
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