Finfind News Round up for Busy Entrepreneurs – 4 August 2017

Every week Finfind selects some of the newsworthy articles to help keep busy entrepreneurs up to date and informed about the latest happenings in the world of SME Finance and other SME news. Enjoy.

Tough times no reason not to start a business

Following a technical recession in the first quarter, and with slow economic growth forecast, South Africa can expect tough economic times ahead. But this is no reason not to start a new business, says Nedbank.

Nedbank economist Busiswe Radebe says the global economic picture is uneven, with regions like the US and China performing better than many developing markets.

In South Africa, Nedbank forecasts growth of only 0,6% this year – marginally up on last year’s 0,3%; and growth of under 2% over the next three years.

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Small businesses need more control and vision

JOHANNESBURG – Small businesses need to have control of the quality of their businesses and the service they offer, says Nedbank economist, Busisiwe Radebe.

Speaking at the Small Business Expo media briefing held at the Goliath Comedy Club on Wednesday, Radebe said in South Africa the wealth is inherited; if one is financially stable their kids are more likely to be in future.

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How to prepare yourself for an investor: a guide

A recent survey found that many South African entrepreneurs needed help with things such as business planning. Find out more about how to prepare yourself for an investor, here.

Brand South Africa reporter – Funding is one of the challenges faced by many entrepreneurs in South Africa. In the Real State of Entrepreneurship in South Africa 2017 survey, many entrepreneurs indicated that they required education specific to the practicalities of running a business such as marketing support and business planning.

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The big mistakes that could potentially sink your hopes of securing funding

SME South Africa speaks with four industry experts on how to avoid making some of the biggest rookie mistakes and how to put your best foot forward when looking for funding.

10 African Startups Which Have The Potential To Become Unicorns

The Africa Internet Group became the first startup unicorn from Africa when the leading e-commerce group in the continent was valued at more than $1 billion last year, becoming a pioneer among African startups.

The innovative nature and growth of the African tech scene appears to suggest that more African countries will become unicorns in the near future.

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Kenyan tech-hub launches initiative to expand tools for start-ups

With a strong and growing start-up ecosystem in Kenya, one of the country’s tech hubs, Nairobi Garage has announced the launch of its Business Services initiative.

The initiative is intended to help make the country’s top professional service providers accessible to start-ups and small businesses at affordable rates.

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Ever wondered how Internet of Things can be used in Africa? Here are some insights.

Internet of Things has become big in 1st world countries but when we come to Africa, it’s a whole different discussion. Most people would think of a toaster connected to the Internet that knows when to make the toast upon receiving instructions. However, such connected devices and good examples of IoT do not necessarily prove to be useful in Africa.

This is because we have more things to worry about than how automated our breakfast is. Applications of IoT differ very much according to each country within the continent because each has different economic and political challenges.

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