COVID-19 Disaster Management
On Sunday 15 March 2020, President Cyril Ramaphosa addressed the country amidst rising anxiety about the possible impact of the Corona Virus or COVID-19. According to the official Government Gazette No. 43107 (Vol. 657) Issued on 18 March 2020 - "‘COVID-19’ means the Novel Coronavirus (2019-nCov) which is an infectious disease caused by a virus, which emerged during 2019 and was declared a global pandemic by the WHO during the year 2020 that has previously not been scientifically identified in humans."
Simple steps to creating an SME budget
If you are planning on starting your own business, or if you are an SME business owner who is interested in small business asset funding, you will need to draw up a budget at some point. This budget might be for small business funding to improve your product offerings or even small business finance for finding better premises. If you are looking into funding for your small business or want to start a business, it is vital to know exactly how to draw up a budget. Here are some simple tips on how to create an SME budget.
How SME owners can survive late payments
One of the biggest pressure points for small businesses is making it through month-end. Often when salaries and bills are due, SMEs face a shortfall from slow-paying clients. Some large corporates and government entities ask their suppliers to give them as many as 120 days to settle their account, when standard payment terms are set between 30 and 60 days. SMEs, relying on a steady cash flow to maintain business operations, cannot survive on such long repayment terms. Here's how SME owners can survive late payments.
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