Spotlight on creative entrepreneurs at Small Business Expo 2017

Entrepreneurs in creative fields such as art, design and music will have an opportunity to shine at Small Business Expo 2017; when the international Creative Business Cup challenge is launched in Johannesburg.

Gill Randall, Joint CEO of SPARK Media

Gill Randall, Joint CEO of SPARK Media says that markets don’t stop in a recession. According to Randall, people don't stop shopping it’s just the consumer’s behaviour that changes.

Darlene Menzies, CEO of finfind

Staying afloat when cash is tight in your business

The bad news in the SME market in 2016 was that 67% of small businesses that closed in South Africa did so for financial reasons. This is a far more pressing problem for local entrepreneurs compared to their regional counterparts, with 50% more South African entrepreneurs discontinuing their businesses due to a lack of access to finance compared to the average for Africa. [1] With this and the reality of SA having entered an economic downturn in June, it’s not hard to feel a bit bleak. 

Frank Knight, CEO of Debtsource

It’s been seen that time and time again the start of a new year can be a testing time for many South African businesses. January is almost always the leanest month for most companies as they cope with poor cash flow and increased outstanding debtors. Those reliant on client payments to boost their cash flow may be faced with account departments shutting down over December, causing payments to be later than ever before.

SA small business to grow through funding, market exposure

South African SMEs stand a chance of securing funding, market exposure and new partnerships through the annual Eskom Business Investment Competition (BIC) and the Small Business Expo 2017.

Enjoying a rare opportunity to improve their businesses, market their companies effectively, network with potential business partners and carry out live market research, small business owners report that this annual opportunity delivers long-term benefits.

Debbie Goodman-Bhyat CEO of Jack Hammer

Despite the increasing urgency of appointing empowered customer experience leaders to companies’ top teams, SA’s struggling retailers are significantly lagging behind other sectors and their international counterparts when it comes to this crucial role, an expert says.

South African Youth concerned about the effects of downgrade status

Young people in South Africa do not think that “South Africa will be able to recover from being downgraded to junk status”.  Only 45% of 15-17 year olds and a third (34%) of 18-24 years olds believe that South Africa will recover. These are some of the findings of a recent Pulse of the People™ study undertaken by Ipsos, interviewing 3,598 adults, of which 866 (24%) were younger than 25 years old. The study was conducted from 21 April to 22 May 2017.

Donna Rachelson, Group CEO Seed Engine

(opinion)

South Africa’s latest unemployment figures make for sombre reading. While official unemployment is now 27.7 percent, the most affected group are young people under the age of 35 with a staggering 38.6 percent of youth unable to find work.

Digital start-ups are growing, and quickly!

The old adage goes that entrepreneurs are born not made, but this myth has been busted with a programme that is helping start-ups to take their fast-growing businesses to the next level.

'MOODY's latest decision on SA's Investment rating must be seen as a warning, not a reprieve', says NWU School of business and governance economist Prof Raymond Parsons

'As expected Moody's have reduced SA's investment rating by one notch - keeping it at investment grade, but just above junk status and retaining a 'negative outlook'.

Entrepreneurs look for silver linings

Entrepreneurs across South Africa feel relieved that the Central Reserve Bank of South Africa has left rates unchanged especially off the back of the economic downgrades by Standard & Poor’s and Fitch as well as the pending Moody’s review, according to the Entrepreneurs’ Organization (EO).