South Africa’s Entrepreneurial SME’s are Navigating a Stormy Sea
South Africa has a vibrant entrepreneurial landscape, with countless SMEs emerging every year. However, these businesses often encounter significant hurdles that threaten their survival and growth. Access to Finance: A Choking Point for SMEs One of the most pressing challenges facing South African SMEs is access to finance. Traditional lenders often perceive these businesses as […]
The Vital Role of SMEs in South Africa’s Economy
Small and Medium-sized Enterprises (SMEs) play a crucial and indispensable role in driving economic growth and development in South Africa. These enterprises, often referred to as the backbone of the economy, contribute significantly to job creation, innovation, and overall prosperity. In this article, we will delve into how SMEs in South Africa are a boon […]
The rise and rise of the FinTech industry
In South Africa, the high unemployment rate and increase of SMMEs allowed FinTech companies to thrive. For the longest time, the large banks underserve the SMME businesses. It opened up a large population sector for alternative funders to enter the finance market for SMMEs. The emergence of FinTech Financial technology applies technology (like smartphones, websites, […]
