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.
Global Small Business Union Launches in SA
An international non-profit organisation which aims to support and protect the rights and interests of small and medium enterprises and the craft sector launched recently in South Africa. The World Union of Small and Medium Enterprises (WUSME) was founded in 2010 with delegates from 53 countries and has since expanded to encompass 100 countries across 5 continents, including Africa, Asia, Europe, North and South America.
SA startups need more angel investors
In his recent State of the Nation Address (SONA), new South African president Cyril Ramaphosa placed significant emphasis on small business and entrepreneurship.
It is no secret that this sector is one of the keys to South Africa’s economic freedom, but in reality, the country’s startup ecosystem is still in its nascent stages. An improved investment landscape, more corporate commitment and grassroots entrepreneurial development are all needed if SMEs are to make the expected economic impact moving forward.
#EntrepreneurCorner: How will VAT hike impact your business?
Cape Town – In this episode of #EntrepreneurCorner, small business coach Anton Ressel looks at the impact the VAT increase will have on small businesses. Ressel says the VAT hike is obviously not good news as it means things will get more expensive. He says this is not just because business owners who are VAT-registered will need to add an extra percentage to everything, but more because all the input costs will suffer from that and this will ripple down through the chain.
Entrepreneur of the Year 2018 entries open in South Africa
Amid the current political optimism, entrepreneurs should be especially inspired by the continued commitment to SME support which emerged as a consistent theme in both the 2018 State of the Nation Address and the National Budget Speech. This is according to Christo Botes, 2018 Entrepreneur of the Year competition Spokesperson, who believes that this continued focus evidences Government’s recognition of the vital role played by entrepreneurs in enabling economic growth.
Metro FM – Darlene Menzies Chats to Lerato Kganyago and Dineo Ranaka
Finfind CEO Darlene Menzies dropped in to Metro FM on 11 February to chat to Lerato Kganyago and Dineo Ranaka on The Bridge.
She discussed her business journey, challenges, her music and future plan.
11 Uniquely South African Business Ideas
Having difficulty in identifying that unique ‘gap’ in the market? You can start your own distinctively South African business, using these 11 uniquely South African business ideas.