Small Business

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The South African Revenue Service (SARS) has paid out R2.4 billion to taxpayers in refunds since the commencement of the COVID-19 to lessen the blow to small and medium businesses. 

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It is often said that the elderly and those with impaired immune systems are most at risk due to Covid-19, but small businesses are just as vulnerable, with many who are not going to survive a global economic shutdown. Seraj Toefy, Custodian of Entrepreneurship at the University of Stellenbosch Business School (USB) says that according to The Small Business Association, the average cash safety net for small businesses is estimated to last only 27 days. 

A total of 100 000 young entrepreneurs will take their businesses to new heights with funding through the Small Business and Innovation Fund (SBIF).

 

A receding hairline after years of harsh chemical hair treatments set the wheels in motion for a Gugulethu woman to turn restoring her own crowning glory into a business that helps other women do the same.

The art of creating a ‘requisite organisation’ is to develop a strong hierarchy of accountabilities that will support effective, efficient processes and stimulate and encourage the behaviours required for sustained success.

Even though solutions designed for small to medium businesses (SMBs) are cost-effective and relatively easy to implement

According to data released by Statistics South Africa this week , SA’s unemployment rate has increased by 1.4% in Q2 of 2019 to 29%, the highest level since Q1 of 2008. 

 

Trust is the current buzzword. Academics are researching it, heads of HR are promoting it, experts are talking about it and executives are trying to build it amongst their teams and stakeholders.

Science and Technology Minister Dr Blade Nzimande says progress has been made towards the establishment of a five-year R5 billion SMME fund aimed at helping innovators commercialise their products.

An oft-cited statistic in the world of business is that 96% of small businesses will fail within the first ten years of starting up. Celebrating its tenth anniversary this year, the ENGEN Pitch & Polish workshop and competition programme is proud to fall within the 4% that succeed!

When Peter Cupido from Ida’s Valley, Stellenbosch, swopped his technical assistant job to open his barber shop, he started a community whereby men gather for quality time and a close shave.

Donna Rachelson has just released her fourth book, Personal Branding for Entrepreneurs, a fast and worthwhile read to enhance your personal brand and to figure out what makes you truly distinctive.

Entrepreneur Luvuyo Rani, founder and managing director of IT services company Silulo Ulutho Technologies, is a former teacher who started his company as a micro business from the boot of his car in 2004

The youth unemployment crisis is being highlighted during youth month. Mpho Funeke (21) is just one of the millions of young people in South Africa desperately searching for employment. From Johannesburg, she describes being unemployed as demoralising.

South Africa’s emergent regtech player Intergreatme launched its R24-million equity drive, via Uprise Africa’s crowdfunding platform at a function in Sandton last night.  

5 Reasons why your business should consider outsourcing non-core services

If you’ve ever read Blue Ocean Strategy by W. Chan Kim and Renee Mauborgone, you know that a sure way to win in business is to find an underserviced niche and capitalise on that. 

Late last year, the Edinburgh Group released The Small to Medium Sized Practitioner (SMP) of the future in a changing world, 2019, a report on the results of its SMP of the future survey.

Most businesses – big and small – have some form of digital presence whether it be through social media or websites. However, the one thing that very few possess is a blog.

If the vector for growth is the private sector, then the catalyst is SMME.

Marketers and entrepreneurs are often the first to identify new opportunities because they are the mavericks with their eye on the horizon says Jacqueline Raw

A free-to-use web tool, which helps smaller businesses with labour relations processes and matters, has gone live.

The power of small enterprises to improve the lives of families and communities was demonstrated when 27 small business owners from low-income areas of greater Cape Town graduated from the sponsored Small Business Academy (SBA) programme of the University of Stellenbosch Business School (USB) yesterday [ 4 December 2018].

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