Tag Archives: small business
New Research Shows Insurance Industry Growing In South Africa
New research by the Insurance Sector Education and Training Authority (INSETA), shows that in the 2011 to 2012 period, despite a large number of resignations and dismissals largely attributable to issues surrounding the new legislation, the insurance sector has continued to grow, with 22 478 new persons entering the industry over the same period. By [...]
Proudly South African To Showcase Why “Local Is Lekker” At International Small Business Congress 2012
In a first for the continent for Africa, the 2012 International Business Congress (ISBC) will be held in South Africa – and the proudly South African Buy Local campaign is ready to show the world why “local is lekker”. Proudly SA has committed its full support to the ISBC, which will be held in Sandton [...]
Ten Reasons Why Small Businesses Fail
For most entrepreneurs the best part of starting a business is the initial planning, when it all seems possible and the endorphins are running high. During this honeymoon phase it’s hard to imagine that there is a 50% chance that you won’t make it through the first year; on the contrary, you are probably confident [...]
Comparing Small Business Tax Regimes
While the majority of businesses are subject to the standard corporate tax rate (currently 28%), very few business owners realise that there are two dispensations, available only to small businesses, which entail a number of tax concessions. These have been introduced for the dual purposes of expanding the small business sector by offering tax relief, [...]
1 Min With A Superhero: Adesh Naidoo, SEDA Small Business Stars Winner
Adesh Naidoo is the recent winner of the SEDA Small Business Stars, an initiative after Ideate’s heart. Adesh is the founder of Clean Street, which plans to distribute a “green” lamppost-mounted bin that is theft-resistant, provides an easy litter disposal option for pedestrians, and offers the city a new advertising revenue stream. Adesh, how does [...]
National Small Business Stars Competition Winners Annouced
The Small Enterprise Development Agency (Seda) has announced the winners in the 2012 Seda Small Business Stars national business plan competition. The winners were selected after 180 finalists – drawn from more than 5,500 entries – presented their business concepts to 18 provincial judging panels, who selected a total of 11 national finalists. Another four special [...]
Project Management: A Necessity In Any Industry?
In today’s tough market conditions, ensuring that a company’s resources are utilised in a way that maximises efficiency is critical to its success and profitability. The increasing complexity of the modern manufacturing and service industries has meant that a specialised approach to project planning, resource allocation and cost management is necessary to avoid waste and [...]
Three Innovative Ways To Reduce Staff Turnover
The cost of running a business in South Africa today is skyrocketing, and it’s the small businesses that are really feeling the pinch. One of the primary reasons for this setback is that small businesses suffer personnel losses more heavily. Hiring and training new staff is a costly enterprise, with owners stating that the single [...]
All Timbali SMMEs Survive Their First & Second Year In Business
Timbali Technology Incubator is closing their financial year end on a high note. They created 40% more SMMEs in 2011/2012. The statistic that excites Timbali most is that 100% of SMMEs created have survived their first and second year in business. All the SMMEs are black owned, and almost two thirds of SMMEs are female [...]
Governance – Misunderstood By SMME’s
To many small and medium business owners, even the word ‘governance’ sounds scary and Victorian. However, despite popular opinion, the value the governance process adds to even the smallest of enterprises is fundamentally misunderstood. Business owners often go into their particular business because they are passionate about it. They may know anything from a little [...]
