Mantashe Pushes for Fuel Price Reduction
Mineral and Petroleum Resources Minister Gwede Mantashe has stirred up a storm at the Africa Oil Week conference in Cape Town by proposing a drastic reduction in fuel prices. According to Mantashe, the current fuel price of around R20 per litre is artificially inflated due to two fuel taxes: the General Fuel Levy (GFL) and […]
Leveraging Growth: How a Business Loan Can Fuel Your South African SME’s Success
Every South African entrepreneur understands the thrill of building a business from the ground up. But even the most brilliant ideas can hit roadblocks on the path to success. Often, these roadblocks come in the form of limited capital. This is where business loans can become a powerful tool for growth. What is a Business […]
Beyond the Bank: Exploring Alternative Funding Options for Your SME
Alternative Funding Options: Running a small or medium-sized enterprise (SME) is an exhilarating adventure. You’re the captain of your ship, charting a course towards success. But even the most determined captain needs fuel to keep the engine running, and that fuel is often cash flow. Traditionally, securing a loan from a bank has been the […]
Top 5 Trends Facing SME Businesses in South Africa in 2023
In the dynamic landscape of South African business, Small and Medium-sized Enterprises (SMEs) are continually faced with new challenges and opportunities. As we enter 2023, these five trends are shaping the path for SMEs in South Africa, and embracing them can be the key to growth and success. 1. Digital Transformation: In the digital age, […]
The Impact of Brain Drain on South African SME Workforce
.The brain drain phenomenon has significantly impacted the South African workforce, particularly small and medium-sized enterprises (SMEs). Brain drain refers to the emigration of highly skilled and educated individuals from one country. They are often in search of better opportunities and living conditions. This exodus of talent has left a notable void in the local […]
Unlocking Growth Potential: The Benefits of Getting an Investor for Your SME Business
In today’s competitive business landscape, small and medium-sized enterprises (SMEs) face numerous challenges when scaling their operations. One effective strategy to overcome these hurdles and achieve rapid growth is to seek an investor. This article explores the benefits of securing an investor for your SME business. Access to Capital and Resources One of the primary […]
Productivity Tips for Small Business Owners
Battling with Productivity? Running a small business is not for the faint-hearted. It runs very differently to a large corporate. It has different needs and limited resources. Here are some productivity tips you can use in your SME to improve your operations and increase your productivity. 1. Prioritise your most important tasks of the day/week […]
Getting the South African Economy working again
For most businesses, the limp into the festive season has been marred by the second wave of Covid-19 infections. It is mainly brought on by complacency and consumers not taking the virus and its impacts seriously. For many SME’s the December holiday season should have helped them recoup some of the losses from 2020. Even […]
Finding various ways to fund your SME
Understanding business finance options can be confusing. There are two main parts to financing small businesses. Equity Financing or Debt Financing There are some common ways you can fund your business: Personal Investment, Angel Investors, Government Assistance, Commercial Bank Loans, Financial Bootstrapping, or Buyouts. Venture Capital and Angel Investors seem to be a romantic solution […]
Bizcash’s agility helps its customers in tough times with reduced fees
In an environment where companies are increasing prices to save their businesses and cover the shortfall that the Covid-19 pandemic had on their operations and cash flow, Bizcash was hard at work to ensure that their clients could be reducing costs. It is not very often that you find business finance companies reducing rates and […]
Don’t wait too long to seek finance for your SME
One of the biggest mistakes small businesses make is waiting too long to apply for additional finance for their business or operation. Staying on top of your cash flow is an essential part of running the business successfully and critcal in growing the company. If you wait until you really need the money, you can […]
Customer Retention is critical to your business
You don’t have a business if you don’t have customers, and customers do business with people. That is why it is so critical to have customer retention strategies in place. Many small business owners are so busy trying to manage and run their company that they don’t spend time getting to know their customers and […]
