Steri Stumpie Is Bringing The Steri-bration To The People As The Brand Celebrates Its 50th Birthday Over the last half a decade, Steri Stumpie has cemented itself as South Africa’s favourite flavoured milk brand. Two years ago, the brand had to put a big celebration back in the fridge and now, to celebrate their 50th birthday, the brand is bringing the spontaneous, colourful and fun to South Africans around the country because, let’s face it – lately life has been a little colour-less, fun-less & flavour-less thanks to ‘you know what’. Steri Stumpie will be hosting an array of Steri-brations at popular locations around Johannesburg and Cape Town. The Steri-mobile will be visiting hotspots around the cities and adding a little colour and flavour to fans of the popular drink and celebrating everything this iconic brand stands for.Throughout the years, Steri Stumpie has become a staple in the South African beverage industry. With its array of delicious flavour, packed with natural goodness, Steri Stumpie remains a firm favourite with adults and children alike. For any brand, reaching a milestone half a century is a feat on its own – and that’s worth celebrating!These activations will see Steri Stumpie throwing the ultimate celebration with incredible music, selfie walls, product giveaways and so much more.Catch the Steri-mobile in Johannesburg on:2 September: Johanneburg Zoo and Zoo Lake3 September: Ghandi Square and Rosebank College4 September: Sandton Central Park9 September: Johanneburg Botanical Gardens and Emmarentia Dam10 September: Golden Harvest Park11 September: Lion Park and James & Ethel Gray ParkCatch the Steri-mobile in Cape Town on:16 September: Camps Bay and Clifton Beach17 September: Green Point Park18 September: Strand and Gordon’s Bay23 September: Muizenburg Beach24 September: Sea Point Promenade25 September: Eden on the Bay, Melkbosstrand, Bloubergstrand Beach and Blaauwberg Beach30 September: Stellenbosch Botanical Gardens & Die Boord1 October: Hout Bay Beach, Bay Harbour Market & Chapman’s Peak Drive2 October: Simon’s Town8 October: Kirstenbosch Botanical GardensTo celebrate their 50th birthday in style, Steri Stumpie has teamed up with some of Mzansi’s hottest personalities. Cassidy Nicholson, Khanyisa Jaceni, Reece C Lewis, Juandre Nortje, Liam Stoffberg and Holly Rey will be attending some of the celebrations where they will be creating content for their social channels and interact with fans – all while enjoying that Steri Stumpie goodness.
Fintech offers SA businesses up to R3 million in fast funding in just two hours
Fintech company GroWise Capital, a specialist small business funder, is able to provide business funding of up to R3 million in as little as two hours after the completion of a 5-minute online application. “We have honed our model to assess the propensity of a client to make repayments and the sustainability of their cashflow. This model enables us to viably fund businesses that other funders tend to avoid. Clients get quick and flexible funding, designed around the particular needs of their businesses – and it is available when they most need it,” says Jonti Strimling, GroWise co-founder and chief risk officer. Alternative business funders have a differentiated approach to mitigating risk and understand the cashflow requirements of small businesses. They, therefore, make quick decisions and tailor the funding and repayments to each client’s specific circumstances. Offering cash advances, merchant cash advances and stock advance funding, GroWise has four payment runs each day to successful applicants. Funding requests span various sectors, including construction, logistics, fuel supply and various verticals of the supply chain within each industry. GroWise offers funding from R35,000 up to R3 million. After the online application is submitted, a dedicated and skilled consultant contacts the entrepreneur immediately. Feedback is given within 24 hours and payouts can be made within two hours of approval. The business’ suitability for funding is assessed using a variety of financial and non-financial data points such as day-to-day transactional data and social media presence. GroWise offers short-term funding solutions, with repayment terms ranging from 6 weeks to a year. There is no upfront fee and repayment methods are split processing through a point-of-sale credit card terminal, and debit order. The specific terms of the funding are bespoke for each application. Says Strimling, “Even the most prosperous businesses need funding and often the need arises due to growth. Reasons include expanding the business to keep up with demand, cashflow for the less busy months for seasonal businesses, and buying or upgrading equipment. We are seeing more entrepreneurs applying for business funding before they need it, which allows them to assess all their options when there is no emergency and so avoid irrational business decisions.” Qualifying businesses are strong and solvent and seek financing to assist with growth and supplement working capital. Strimling says that the relationships it builds with business owners is comparable to a private banker, where skilled consultants work with each client to find the best solution as well as offering broader business advice. “We support our clients to grow fast. We fuse our advanced underwriting models and customise our funding solutions to specific requirements. We speed up the funding so that our clients speed up their growth,” he says. The approach is clearly working for GroWise clients. 80% re-apply for further funding due to their positive service experience and the speed of payouts. GroWise Capital is South Africa’s most reviewed business funder on Google. Client Levi Silverman, CEO of MaxFit, suppliers of high-quality gym equipment, recently reviewed GroWise: “Our requirements were incredibly time sensitive as we had a 20ft container sitting at the Durban port waiting to be cleared and forwarded. Our full application was processed and our company paid out all before 4pm the same day.” Ends Images of the founders of GroWise Capital: https://drive.google.com/drive/folders/1zT_w7mhid_heyVBduneBijR8cqTIqyBe?usp=sharing Caption for photo 1: Maximillian Cohen, Jonti Strimling and Sebastian Cohen, co-founders of GroWise Capital. Caption for photo 2: Sebastian Cohen, Maximillian Cohen and Jonti Strimling, co-founders of GroWise Capital. About GroWise Capital GroWise Capital is a small business funder focused on stimulating growth in the SMME sector in South Africa. With offices in Johannesburg and Cape Town, GroWise has a team of over 40 staff. Founded in 2019 by three entrepreneurs, GroWise Capital believes in partnering with other business owners to help them scale their businesses quickly and successfully.
A first for Africa | Polyco invests in new recycling technology – converting unrecyclable plastic into eco-concrete
The plastic recycling sector has come a long way in South Africa with improved technology, better implementation of waste regulations, greater consumer awareness and growth in the market for recycled material. Despite these developments, there have always been plastic material streams that are difficult to recycle and therefore end up in landfill or, unfortunately, in the environment. Seeking out a solution to repurpose unrecyclable and/or difficult to recycle plastic packaging, Polyco PRO NPC, a Producer Responsibility Organisation (PRO) in South Africa that represents and promotes the recycling of all plastic packaging, has provided a seven-million-rand, interest free loan to the Centre for Regenerative Design & Collaboration (CRDC) who will be using the funding to purchase machinery for their plant in Cape Town that converts unrecyclable and/or difficult to recycle plastic into eco-aggregate, that is then used in the building and construction sector. CRDC has designed an innovative solution that uses commonly mismanaged plastic waste and converts it to an eco-aggregate called RESIN8. Through various initiatives and collection schemes, CRDC accepts all plastics. The production of RESIN8 therefore contributes to increased recycling rates in South Africa and creates an output product that meets the acceptable building standards and is welcomed by the construction sector. “One of the greatest challenges of the plastics and recycling sector has been finding a solution to repurpose and to reintegrate difficult to recycle plastics into the economy,” says Patricia Pillay, Chief Executive Officer at Polyco. “Our focus is to make waste a valuable resource, keeping all plastics out of the environment through investing in recycling infrastructure. The CRDC’s RESIN8 solution will divert thousands of tonnes of plastic that would have gone to landfill, or have landed up in the environment, but will now instead supply the construction sector with a high-quality eco-aggregate to be used in the production of various concrete products.” To produce RESIN8, waste plastic is first shredded and then mixed with mineral additives. The mixed material is fed through an extruder to produce RESIN8, which is then granulated into a concrete aggregate-like material. The RESIN8 granules are used as a replacement for natural aggregates in the concrete mix used in the production of multitude of concrete products. To date, RESIN8 has been used towards the construction of 700 houses in Costa Rica, and in South Africa three large scale residential buildings in Khayelitsha and about 2000-meters of roadside kerb and channels on various projects in Cape Town. This RESIN8 plant in Cape Town will be the first of its kind in Africa, and only the third plant in the world. “Our goal is to complete the construction phase before the year-end and to be fully operational from March 2023,” says Abraham Avenant, Chief Executive Officer at CRDC South Africa. “Once operational the plant will be able to process 610 tonnes of plastic waste per month into RESIN8.” To test the viability of RESIN8 as a construction aggregate, multiple concrete manufacturers partnered with CRDC’s South African team to test RESIN8 in building blocks, maxi bricks, pavers, kerbs, channels, and concrete pipes. Using RESIN8 decreases weight, increases or maintains strength, and increases the thermal properties of concrete bricks and blocks which adds additional environmental benefits. ‘The Cape Town RESIN8 plant has been designed to be scalable and we aim to increase our production to 1220 tonnes of plastic waste per month. Our ambition is to replicate the Cape Town RESIN8 plant in a further two cities before the end of 2023,” says Avenant.
SMEs can overcome the triple whammy – inflation, fuel and loadshedding
Aggressive campaigns to recruit, hire, retain, and promote female talent is simply not enough. Both the private and public sector needs to commit and invest in learnerships, bursaries, skills development programmes and internships for women to help diversify their workplace. Not only is this good for business, improving productivity and innovation that in turn has a positive knock-on effect on their bottom line, but in doing so businesses can also benefit from several incentives like accessing available SETA grants and skills funding, tax rebates, as well as advancing their B-BBEE scorecard.
SME employees not saving enough for retirement
On the back of the widely known statistic that over 90% of South Africans are not in a position to retire comfortably, FNB Employee Benefits has also noted a growing trend amongst SME employees not fully understanding or saving enough for retirement. “Although up to 70% of our commercial banking employers currently don’t offer formal benefits to their staff members, the small and medium businesses that do offer these benefits are concerned at the low rate of retirement saving from their staff. Poor savings and over-indebtedness often result in several work-related challenges including poor performance and job hopping. On the positive side, employees who better manage their personal finances tend to be more satisfied, motivated, and productive,” says Elize Giese, FNB Employee Benefits CEO. “As part of broader initiatives to improve South Africans’ savings habits, SMEs too have an important role to play: Employers should consider investing in improving money management amongst their employees as part of their employee benefits offering,” adds Giese as she unpacks some of the reasons for employees’ lack of savings for retirement: Preservation when changing jobs – if people change jobs and have existing retirement savings from the previous employer, employees are urged to preserve their retirement savings. Sadly, in South Africa it is popular to cash in retirement savings when changing jobs and this is one of the reasons so few people can afford to retire. This has a double impact – you spend the money that is meant for retirement and more importantly, you lose out on the growth and compounding of the money over time. This has a much bigger impact than most people realise. Consider this example: you pay R1 000 per month into your fund and earn a net 4% real return (after costs and inflation). Over forty years this investment would grow to R1.14m. But after ten years you change jobs and decide to upgrade your car with your savings, and to start saving afresh. At that point your investment is worth R144 000. As a consequence of this decision, at retirement you will only have saved R673 000. This is 41% less than before. That means a 41% lower pension! That car upgrade actually cost you R467 000, and possibly a comfortable retirement. It’s impossible/too late to secure a financially comfortable retirement – answer is simple, the sooner the better, even contributing a small amount to retirement savings now can be very beneficial in the long run. Lack of understanding of benefits -financial literacy among the general public continues to be low, and monetary worries remain a common source of stress, absenteeism, and poor performance at work. Employers need –now more than ever– to focus on improving the financial education of their employees. They must help staff gain the confidence to improve their financial wellbeing, and the confidence to face changes, both in their personal circumstances and the wider economy, without losing their focus at work. Lastly, there’s a common misconception amongst employees that all savings are the same. One of the key reasons for this is the fact that educational material shared by SMEs does not adequately highlight the importance of understanding that not all savings are created the same. “By lumping retirement savings, fixed-term and call accounts, day-to-day savings vehicles, emergency savings, tax-free savings and even many forms of investment together under the banner of ‘savings’, a misperception has been created that all these savings vehicles are the same. The result is that many employees don’t realise that each type of savings account has a very unique purpose and requires a different mindset in order to deliver on that purpose,” concludes Giese.