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.
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.  With this and the reality of SA having entered an economic downturn in June, it’s not hard to feel a bit bleak.
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.
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.
Three out of ten youth will quit work within three months. This is according to research conducted by Lulaway, a social enterprise dedicated to entry-level recruitment.
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.
'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 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).