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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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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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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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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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 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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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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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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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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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 […]
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 […]