Celebrating Heritage Month reminds us of the importance of supporting local businesses and the positive impact this has on our economy. Buying local keeps our South African Rands in the country, as not only are these businesses supported, but they often buy from other local businesses, suppliers and farms.... Read more
SME owner confidence is on the rise
For SMMEs 07/09/2021
Despite the economic landscape – which still poses significant challenges for small and medium enterprises (SMEs) as a result of the COVID-19 pandemic – business confidence levels are higher among SME owners during the second quarter of 2021 compared to the same period last year. As the latest survey... Read more
Zoho Corporation, a global technology company, announced that starting today, its online invoicing solution, Zoho Invoice, will be completely free of cost to further extend the company’s support for small and medium-sized enterprises. In the last four years, Zoho Invoice’s revenue growth has rapidly increased, demonstrating the need for... Read more
Throughout history, times of crisis have been instrumental in the development of new products and services. Where there is a need, an opportunity exists, and eventually, an entrepreneur will recognise it. Lyndy van den Barselaar, Managing Director of ManpowerGroup SA shares that as we enter 2021, entrepreneurship will need... Read more
The COVID-19 pandemic has caused mayhem in the economy and has negatively impacted businesses, particularly SMMEs, with many struggling to remain afloat due to cash flow challenges. Adding to this is the late or non-payment of invoices by the government due to the poor implementation of internal controls to... Read more
One hundred and fifty informal traders in eMaxesibeni (Mount Ayliff) will soon reap the benefits of new trading facilities once new infrastructure valued at R21,3 million is completed. Mlungisi Mvoko made the announcement, the MEC for Economic Development, Environmental Affairs and Tourism in the Eastern Cape in a visit... Read more
To accelerate the country’s economic rehabilitation post-COVID-19, there must be a greater drive towards creating more sustainable Small to Medium and Micro Enterprises (SMMEs) says Marcel Strauss, Group Chief Operating Officer at The Franchise Co. “We cannot sit back and hope that the country’s economy will return to pre-recession... Read more
Companies are re-evaluating their business models and operations. The question is: Do they revert back to the traditional office like it was pre-2020, or do they operate a hybrid model? While COVID-19 is set to have a permanent impact on the real estate industry and the office market, exactly... Read more
Province launches R40m programme for informal businesses
Department of Economic DevelopmentEastern Cape Development CorporationFor SMMEs 11/08/2021
The Department of Economic Affairs, Environment and Tourism (DEDEAT) in collaboration with the Eastern Cape Development Corporation (ECDC) launched the Informal Business Support Programme (IBSP), a programme aimed at providing support to the informal business. A budget of R40 million for the 2021/22 financial year has been made available... Read more
The BEE Act of 2003 is clear in its instruction that all organs of state must “Take into account and as far as reasonably possible, apply any relevant code of good practice in terms of this Act,” when issuing licenses, concessions, tenders through a Preferential Procurement Policy and when... Read more
