As we head into a new decade, many aspiring entrepreneurs will be looking to start their own successful businesses and potentially contribute to creating much needed jobs and GDP growth in South Africa. Lauren Deva, Sales Head for FNB Business Core Banking, says that since FNB’s integration into the Companies and Intellectual Property Commission (CIPC) in July 2013, FNB has assisted with the registration of 65 241 companies. The CIPC annual report for 2018/19 shows that the volume of company … [Read more...] about Start your small business off on the right foot
small business
Seda NMB ICT Incubator brings new opportunities to Metro entrepreneurs
Seda NMB ICT Incubator (SNII) have remodelled and repositioned the incubator to include services that can develop the ICT sector in the Nelson Mandela Bay and support the city’s young entrepreneurial minds. The new identity will officially be revealed in March 2018 at the new premises at Kwantu Towers in Govan Mbeki, NMB. “Moving our office premises from Newton Park to the central business district in October last year, was the first critical step in the renewing process to improve … [Read more...] about Seda NMB ICT Incubator brings new opportunities to Metro entrepreneurs
Small businesses growth is critical to SA’s macro-economic challenges
The importance of small businesses has been a central theme in discussions of the national and international economic recovery. It has been argued that small businesses create jobs for local communities and play a pivotal role in enhancing community's quality of life. According to the Banking Association South Africa (BASA) small, macro and medium enterprises (SMMEs) have been identified as productive drivers of inclusive economic growth and development in South Africa. SMMEs around provide … [Read more...] about Small businesses growth is critical to SA’s macro-economic challenges
The 2015 South African Small Business Awards finalists
The finalists of the 2015 South African Small Business Awards were announced today by the National Small Business Chamber (NSBC). This year marks the seventh anniversary of the South African Small Business Awards, recognising the tireless journey, hard work, outstanding achievements and vision of small business and their entrepreneurial success. Proudly sponsored by Adams & Adams, FNB and Vodacom, this year’s winners will be announced on Thursday 5 November at an exclusive gala … [Read more...] about The 2015 South African Small Business Awards finalists
Top 10 Small Business Tips
As we approach the last quarter of the business year, small businesses everywhere need to take stock of the year, do some spring-cleaning and make final plans for a last push in 2015. "At times like these it is always good to revisit your business and double check a few essentials before moving forward," says Mike Anderson, CEO and founder of the NSBC. The National Small Business Chamber (NSBC), launched Small Business Friday™ on 4 September – a movement by the NSBC in association with … [Read more...] about Top 10 Small Business Tips
small business, BIG potential
South African small businesses need the nation to mobilise behind them more than ever before. That’s the word from Mike Anderson, CEO and Founder of the National Small Business Chamber (NSBC). The role that small businesses play in job creation, poverty alleviation, service delivery, and wealth creation all mean that small business is big business. “Nearly two thirds of all South African workers are employed by small businesses,” says Anderson. “Small businesses also contribute a significant … [Read more...] about small business, BIG potential
join Small Business Friday
South Africans across the country are encouraged to show their support for small businesses through the new Shop Small Business and Small Business Friday movement – an initiative by the National Small Business Chamber (NSBC) with Nedbank as the title sponsor. Shop Small Business and the Small Business Friday movement is calling on the nation to get behind the job creators, nations builders, entrepreneurs, and the hardworking men and women who make up the backbone of the economy by owning or … [Read more...] about join Small Business Friday
Assisting small business
Government is committed to assisting small businesses grow as they are the key to unlocking economic opportunities and achieving inclusive economic growth, says Small Business Development Minister Lindiwe Zulu. "Our policy interventions in South Africa seek to ensure that small enterprises grow into thriving businesses. They cannot remain small forever," Minister Zulu said. Speaking at the Global Entrepreneurship Congress (GEC) in Italy, she said the high rate of unemployment, poverty and … [Read more...] about Assisting small business
Minister hints at legislation review for small business
Small Business Development Minister Lindiwe Zulu has hinted at reviewing legislation and regulations that make it difficult for small businesses to survive. The minister says her department will, over the next few months, put a microscope over these regulations to see how they can be improved. She said this when she briefed journalists in Pretoria ahead of delivering her department's budget vote tomorrow. "We will do this in consultation with all stakeholders. We will focus on creating … [Read more...] about Minister hints at legislation review for small business
Can small and medium-sized businesses survive the rising interest rates cycle?
As South Africa comes to grips with the rising interest rates cycle, small and medium-sized businesses will face a tough task to stay in business. This is according to Lee Bromfield, CEO of Core Lending at FNB Business. "Following the end of a cycle in which the South African Reserve Bank (SARB) kept interest rates at their lowest levels in decades, the current trend will be a challenge for various sectors of the South Africa economy. The rise in interest rates will definitely have an impact … [Read more...] about Can small and medium-sized businesses survive the rising interest rates cycle?
Sacci welcomes new small business ministry
The creation of a small business ministry as well as the ministerial appointments made by President Jacob Zuma has been welcomed by business. In a statement on Monday, the South African Chamber of Commerce and Industry (Sacci) welcomed President Zuma's new cabinet which was announced on Sunday evening. The announcement of the new ministers also saw the formation of new ministries including a new Ministry of Small Business Development, which is set to grow the economy. This will be led by … [Read more...] about Sacci welcomes new small business ministry
Think big when starting small
Small business owners in Nelson Mandela Bay received useful marketing advice from local business owner Jaco Rademeyer at the inaugural meeting of the Eastern Cape Small Business Network today. Invited as a guest speaker, Rademeyer, who started up Jaco Rademeyer Estates out of his VW Golf Chico in 2004, spoke of his trials and tribulations as an entrepreneur, advising business owners on how best to market their small businesses. "You are your biggest commodity," said Rademeyer, who will … [Read more...] about Think big when starting small
Helping Your Small Business Punch Above it’s Weight
The success of small business is vital to any economy, but small businesses are perpetually under fire and their customers under siege - the battle for small business to retain, or gain, new customers has only just begun. Combine this with the reality that consumers only have so much money to spend every month - and due to the global recession and growing cost of living, their disposable income is shrinking by the minute - it is of critical importance for small business to integrate marketing … [Read more...] about Helping Your Small Business Punch Above it’s Weight
Plans to Ease Business Regulatory Framework
Government plans to cut the red tape and make it easier to do business in South Africa by setting up a national one-stop shop to assist with investment approvals, reforming BEE codes and simplifying forms and procedures faced by small businesses. These measures, among others, were outlined by the Minister of Rural Development and Land Reform Gugile Nkwinti in a briefing in Parliament today. Nkwinti, who chairs the government's cluster on economic sectors and employment, mapped out the work … [Read more...] about Plans to Ease Business Regulatory Framework
Budget Speech: Small Business Tax Incentives Overhaul
Finance Minister, Pravin Gordhan, announced various tax incentives for businesses particularly small and micro enterprises. Gordhan also announced plans to overhaul two failed tax incentives in a bid to make them more attractive to businesses. Presenting his Budget Speech in Parliament on Wednesday, Gordhan also introduced various tax proposals for businesses, which will help boost job creation. These include changes to the turnover tax for micro enterprises. The turnover tax for micro … [Read more...] about Budget Speech: Small Business Tax Incentives Overhaul
