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. […]

Read More

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 […]

Read More

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, […]

Read More

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 […]

Read More

Latest Posts

Careers of SA businesswomen constrained by unsupportive male partners

30th November 2018 | No Comments

A supportive relationship with male partners is a key factor in women succeeding in the workplace. This is a rarity in South Africa and it is negatively affecting women’s careers. Gender discrimination in the workplace is regulated and while we still have a long way to go in South Africa, women are making some progress […]

Read more »

Entrepreneur: A person who sets up a business or businesses, taking on financial risks in the hope of profit.

30th November 2018 | No Comments

Futureproof wants to instil a culture of curiosity, tenacity and risk taking in every South Africa – young or old, intrapreneur or entrepreneur. In fact, we go as far as to teach young children from the age of 8-years-old about the art of entrepreneurship as part of our countrywide school program. Most recently, the company […]

Read more »

FNB partners with FinTech distribution platform to help solve Financial Inclusion

30th November 2018 | No Comments

First National Bank (FNB), a division of FirstRand Bank Limited, today announced its partnership with Selpal, a South African FinTech company that operates specifically in the township and informal economy, or the “Unseen Economy”. Michael Vacy-Lyle, CEO of FNB Business explains that “with 50% of South Africa’s urban population living in townships, the ecosystem supporting […]

Read more »

Nicole Capper Mrs South Africa 2018 Launches Uprising – a Photographic Exhibition Showcasing the Resilience of the Human Spirit

30th November 2018 | No Comments

Nicole Capper, Mrs South Africa 2018 has launched a stirring and highly emotive social consciousness project that showcases the resilience of the human spirit through unequivocally creative portrait photography. Appropriately named Uprising – the campaign profiles eight ordinary South Africans, where the golden thread that binds them, is they are people who have chosen life […]

Read more »

FNB kicks-off Global Entrepreneurship Week by engaging township entrepreneurs

12th November 2018 | No Comments

FNB is once again embarking on a series of interactive engagements with entrepreneurs across South Africa’s biggest townships. Launched in 2017, the initiative is part of the bank’s ongoing engagements with small businesses that operate within townships, to unlock mutual value in this “unseen” economy. The theme for this year is ‘how can township entrepreneurs […]

Read more »