Archive | Finance

Consumers owe R1.63trn: debt forgiveness considered

There has always been an assumption that the degree of South Africans indebtedness has been always exaggerated, but all fears were confirmed when it emerged that 10 million South Africans are over-indebted. Over-indebted means people are unable to meet their financial obligations timeously. According to the Brief from Momsa Motshegare, the CEO of National Credit […]

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Global crowd funding portal for African entrepreneurs

Small and medium sized enterprises (SMEs) are the primary job creation engine in Africa, However, SMEs on the continent report access to finance as the biggest obstacle to growth. There is no lack of good ideas. Yet, young African entrepreneurs struggle to access the funds needed to bring their ideas and businesses to scale. And […]

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Posted in Finance, SMMEs0 Comments

Empowerment funds: Is money being thrown at a problem?

After the disbursement of billions of taxpayers’ funds as start-up capital to small and medium enterprises (SME) during the past twenty two years of the country’s democracy, duly, a review on the return is overdue. Whilst no one has bothered to do a comprehensive analysis on the performance of each of the funds that are […]

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3 oversights directors of the mooted ‘black’ bank should avoid

By Sanjeev “Mahatma” Gupta As this writer was paging through the business section of his favourite Sunday broadsheet a fortnight ago to this day, he happened upon an article which quoted the former chairperson of Nedbank, Ruel Khoza, on the idea of establishing a ‘black’ bank. This got me wondering: “Great idea, but what will […]

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Equity funding for the Young, ambitious and tenacious

For few businesses owned by young entrepreneurs reaching the next level of growth is not easy without the necessary funding. Specifically, the Awethu Project has been customised for existing small businesses, which can apply up to R5 million in equity funding, according to Yusuf Randera Roos, co-founder and CEO of Awethu Project. The organisation is […]

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12 venture capital facts savvy entrepreneurs should know

Ever wondered what you could learn from people who work with the top 1-2% of high potential ventures, and see hundreds of early stage ventures mature over a decade or more? In September, SiMODISA (www.simodisa.com) did a quick poll on the top 10 lessons Venture Investors in SA would love to share with entrepreneurs about […]

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Credit management programme for taxi operators unveiled

One of the main reasons that some – if not most – taxi operators have been in business for over three decades but have not grown their businesses is due to poor financial management. And the fact that the taxi sector is disjointed, with rival operating organisations constantly involved clashes over routes, meant efforts to […]

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Banks more willing to fund franchises than small businesses

The point Head of Small Businesses at Standard Bank, Ethel Nyembe, raised during the women in fuel sector function might have been dismissed as something “not out of the ordinary”. But her advice to aspiring entrepreneurs to go the franchise business route should be an eye-opener. It is not only relevant to women who want […]

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Posted in Finance, Women0 Comments

Bank charges-free R30, 000 threshold excludes low income earners

Only the upper-middle class or high-income earners can afford the once-off R30, 000-lumpsum threshold which banks set to be bank charges free, with little management fee to encourage a culture of saving. For the majority of households who are just barely making ends meet raising that amount of money would be farfetched. FedGroup financial director, […]

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Expert warning: Bank charges erode value of savings

Quoting an expert from Old Mutual and other organisations a fortnight ago, Transform SA Online reported that the poor savings culture was to blame for the generally low level of national savings. Now, an expert from FedGroup has added a new dimension to the narrative: exorbitant bank charges are not helping matters at all. On […]

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