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Business Concept

Standard Bank and Merchant Capital provide SME lending solution

Standard Bank has joined forces with Merchant Capital to provide an innovative working capital solution for small and medium-sized enterprises (SMEs) by enabling them to access upfront cash advances which are repaid via their incoming point-of-sale receipts. The new financing solution will be called Merchant Capital Advance in collaboration with Standard Bank, and is targeted […]

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bigbusinesscomestothepartysmall

FNB solves SME needs through digital innovation

FNB has announced that SMEs can now completely switch or open a new bank account in less than five minutes through selfie authentication and digital KYC on the FNB App. This paperless cheque account opening process uses biometric technology to validate the business and its owner, allows the SME to order and courier new cards, […]

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Business Concept

SMEs – What You Need to Know About the VAT Rate Increase

For the first time in 25 years, South Africans were hit with a value-added tax (VAT) rate increase – from 14% to 15% – further increasing the cost of living for consumers and leaving them with less disposable income to support local small businesses. (more…)

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Mags Ponnan, Head of the Business Incubator at FNB Business

Five considerations for start-ups that are looking for funding

Many entrepreneurs in South Africa consider funding to be a major stumbling block when it comes to starting or growing a business. In this tough environment where a majority of start-ups fail within the first 5 years of operations, the type of funding that a startup secures to either launch or grow a business often […]

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Christo Snyman, National Director of Forensic Services at Mazars.

Signs there’s a fraudster in your company

The typical South African company loses around 5% of its annual revenue to fraud. One of the main reasons for this is because predicting which employees are capable of committing major fraud against a company is more difficult than expected. (more…)

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Jacques-Coetzer1

Are financial advisers ready for RDR’s Phase 2?

As the various phases of Retail Distribution Review (RDR) unfold in the years to come – with Phase 1 likely to be effective in January 2018 – it will become increasingly important for financial advisers and intermediaries to plan ahead and start gearing their businesses for a post-RDR scenario. In Phase 2 and 3, advice […]

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David Morobe

When is enough, enough for a failing business?

In an economy that is becoming increasingly accustomed to strained trading conditions, many business owners are entering into cash flow struggles and finding themselves grappling with how to save a troubled company, or whether this is even a possibility. (more…)

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Business Concept

2017: SME employment pressure rising

According to the National Development plan, the SME community is expected to provide 90% of new employment opportunities by 2030. This makes SMEs the driving force behind South Africa’s economy, placing even greater pressure and expectation on a sector that already lacks support and funding. Evidence of this was abundant in the 2017 National Small […]

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