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Eskom competition boosts small enterprise development

  • Published in News

The finest black-owned South African small and medium enterprises (SMEs) that competed in the 2018 Eskom Business Investment Competition (BIC), were awarded great prizes at an awards function held on Tuesday, September 4 at the Indaba Hotel in Fourways, Johannesburg. With R1.3 million worth of prizes at stake, the businesses slugged it out for top honours in three categories; manufacturing, trade and services as well as engineering and construction (full list of winners below).

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Helping hand for budding entrepreneurs

  • Published in News

ABSA is changing perceptions of the way we think about financial institutions, particularly when it comes to entrepreneur development. Its Shared Growth Strategy is designed to assist emerging small and medium enterprises (SMEs) in South Africa to grow and prosper through various Enterprise Development (ED) initiatives, while adding to shareholder value. These initiatives contribute to the wider national agenda to promote a thriving SME sector that enables economic and social development in the country.

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Can small businesses survive in SA?

South Africa has been well known for its entrepreneurial spirit. The incredible successes of businesses like Discovery, Black Like Me, Nandos and most recently, Get Smarter, have encouraged many South Africans to see starting their own businesses as a desirable and achievable goal. But it’s not enough.

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Pollen is buzzing

A new Stellenbosch-based specialist on-line lending firm Pollen – targeting small to medium enterprises (SMEs) – appears to be tapping a very lucrative niche. Pollen is the brain-child of Louis du Plessis, who has the backing of his older brother JP du Plessis and banking legend GT Ferreira via the Anglo African Group. Anglo African is a well known financier in the wine sector, and once even made a bid to takeover Paarl-based liquor company KWV way back in 2002.

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Barclays Africa commits to progress on the African continent through growth strategy

  • Education and Skills – spend R1,4bn in education and skills development targeting the youth
  • Enterprise Development – enable access to affordable finance for SMEs by raising R1,3bn through corporate supply and distribution chains using innovative technology
  • Financial Inclusion – enable digital and non-digital access to underserved consumers through real banking and value-add products and services to promote wider convenient access to financial services.
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