Faster funding process needed for SA’s SMEs

One of the biggest pain points for South African SMEs trying to grow in a tough market is that the funding process just takes too long: generally, between 2-3 months, with some funders taking as long as 9 months, says the chief executive of one of the country’s leading SME finance specialists, Spartan SME Finance. […]

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Seasonal SMEs: Don’t spend your extra cash all at once

Save a portion of festive season profits for an emergency fund The festive season is a time when many seasonal small and medium enterprises (SMEs) reap the rewards of increased consumer spending, such as additional sales and accommodation bookings from the influx of holiday makers and festive season shoppers. This spike in earnings offers the […]

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The opportunities for SMEs in a recession

While 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. However, […]

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Five tips to avoid penalties for failing to file your company’s income tax return

If your small business’s income tax returns are not up to date, now is the time to get your affairs in order. From December, the South African Revenue Service (SARS) will start imposing ‘administrative penalties’ on companies that receive final demands to submit returns. Unlike personal taxpayers, companies were not fined in the past for […]

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Latest Posts

Schools around the world teach entrepreneurship – here’s how to do the same

12th December 2018 | No Comments

Teaching entrepreneurship in schools usually extends to bake sales and market days. While these are great ways to teach children about product development, budgeting, finance, and profit and loss, they don’t encourage true entrepreneurial thinking. We need to focus on developing skills that will help learners solve real-world problems and prepare them for the future […]

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Corner Bakery Grows Year on Year on Year

12th December 2018 | No Comments

CORNER BAKERY is probably most well known in the Engen Quickshops, in forecourts across Southern Africa – as the most convenient and delicious place for a premium pie, healthy snacks and an invigorating cup of Equatorial Coffee. The brand has seen a steady year-on-year growth creating a landscape where South Africa’s largest bakery franchise group […]

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SA duo named to global ‘inspirational women in mining’ list

6th December 2018 | No Comments

A 28-year-old Mine Overseer and the deputy CEO of De Beers Consolidated Mines are among the seven Anglo American employees named to Women in Mining’s annual 100 Global Inspirational Women in Mining list last month. Dineo Phaladi, a Mine Overseer at Anglo American’s Kumba Iron Ore, Kolomela Mine, and Nompumelelo ‘Mpumi’ Zikalala, the deputy chief […]

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In this photo: Left: Jason Newmark (MD of Futureproof Western Cape), Dr Surve (founder of the Imagine Awards), Right: Lisa Illingworth (Co-founder of Futureproof and CEO)

Futureproof SA Receives Coveted Imagine 2018 Award

4th December 2018 | No Comments

Honouring organisations and individuals for their contribution towards social change in South Africa, the inaugural Imagine Awards took place on Friday, 30 November 2018 in Cape Town. The Imagine Awards was founded by Survé Philanthropies, the private foundation which houses several of the Survé family’s philanthropic initiatives and in 2018, more than 100 companies were […]

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Tsogo Sun Entrepreneurs graduates celebrate living the legacy

30th November 2018 | No Comments

Big achievements and lasting legacies dominated at the ‘Living the Legacy’ themed Tsogo Sun Entrepreneurs Graduation Ceremony on 31 October, when 33 entrepreneurs celebrated completing their first year, 13 graduated from second year to alumni status, and Lowe Furniture & Décor from Bloubosrand in Johannesburg won the 2018 Achiever Award. The ceremony, which was held […]

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