Cash Flow Tips for Small Businesses to Survive Rocky Times

With this and the reality of SA having entered an economic downturn in June, it’s not hard to feel a bit bleak. Darlene Menzies, CEO of Finfind, South Africa’s leading online access to finance solution, shares a few finance tips on optimising cash flow management to help ensure that small businesses survive and thrive during rocky times

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.

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