News Round up for Busy Entrepreneurs 16 March 2018

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.

Female SMME owners have a harder time securing loans – Study

Facebook, The World Bank, and the Organisation for Economic Co-operation and Development (OECD) have published Future of Business – a collaborative study which takes a look at women-owned businesses in the small business sector.

The organisations surveyed nearly 32 000 workers from small business in 42 countries between December 2017 and January 2018.

Read more

Medication ATMs Launched in SA: Patient waiting Times Cut to under 3 Minutes

A groundbreaking ‘ATM pharmacy’ that gives patients with chronic illnesses their repeat medication in under three minutes was officially opened in Alexandra today.

The innovative Pharmacy Dispensing Unit™ (PDU™) is the first of its kind in Africa and was developed by a team comprising experts from Right to Care and Right ePharmacy in collaboration with the Gauteng Department of Health. The Pharmacy Dispensing Unit™ (PDU™) works like an ATM for medication, with Skype-like audio-visual interaction between patient and tele-pharmacists, cloud based electronic software and robotic technology to dispense and label medication.

Read more

SA Entrepreneurs Need Better Financial Skills to Build Sustainable Businesses

While the government is stepping up to support small business more than ever before, the sector will not thrive unless entrepreneurs are also equipped with the financial tools to optimise their organisations – UCT Associate Professor Mark Graham.

The role of small business in promoting growth and development has shot to the top of the agenda this year with both President Ramaphosa in his inaugural SONA and Minister Malusi Gigaba in his budget speech highlighting the critical role of this sector of the economy.

Read more

Ghana leads for women-owned businesses worldwide

Ghana has the highest percentage of, with Uganda in third, according to the Mastercard Index of Women’s Entrepreneurship (MIWE).

The MIWE is a weighted index that helps to better understand and identify factors and conditions that are most conducive to closing the gender gap among business owners in any given economy.

It examined 57 different economies around the globe, including Botswana, Ethiopia, South Africa and Uganda, with Ghana, Nigeria and Malawi as new additions.

Read more

Township Economies: Successes Amid The Squatters

Township economies are often sidelined for not being competitive or innovative enough. Yet, there are success stories here that defy odds.

Gugulethu, the urban sprawl 15kms from Cape Town in South Africa, is a vibrant township pulsating with the beats of Africa.

Mzoli’s, the popular shisa nyama here that barbecues meat to mouth-watering perfection, is almost synonymous with the township, attracting droves of locals and tourists to Gugulethu.

Read More