Sihle Magubane, who is from iNkandla in KwaZulu-Natal, started his business in 2012. He currently has two coffee shops – Barista Lovers – in Northriding and Woodmead in Johannesburg.
Head of Insurance and Risk Management at Wits University, Albert Mushai, said despite the setbacks, some insurance companies like Old Mutual had launched campaigns to help get small and medium businesses to get back on their feet.
This govt programme aims to boost rural and township entrepreneurs TREP is a dedicated programme to transform and integrate opportunities in townships and rural areas into productive business ventures. Shipping containers transformed into hair salons line the business district of Cape Town s townships. With hair styles like iTwist, mistress and cheesekop; township hair styles are trending. Picture: Anthony Molyneaux/Eyewitness News
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The Department of Small Business Development has released the details of its dedicated programme to boost rural and township entrepreneurs. Dubbed the “Township Rural Entrepreneurs Programme” (TREP), which was launched last year, the department has partnered with its agencies, the Small Enterprise Development Agency (Seda) and the Small Enterprise Finance Agency.
AfDB to set up Investment Banks to help young entrepreneurs As pointed out by AfBD president Akinwumi Adesina, the picture as it stood looked dismal for the continent’s youth and drastic action was needed by governments and the private sector. The African Development Bank Group headquarters in Le Plateau, the business district of the Ivorian capital Abidjan. Picture: AFP
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The African Development Bank (AfBD) is in the early stages of developing a proposal for Youth Entrepreneurship Investment Banks in its member countries, including South Africa, to help youngsters start businesses and create jobs.
Going digital during pandemic signals a positive change for SMMEs - SBI In its research paper titled: Digitalisation - the best hope for South Africa and its small firms, the SBI noted how digitalisation was essential for SMMEs which wanted to participate in the future economy. FILE: The small business that is not tech-savvy, mostly turned to their cellphones and social media to do business and reach out to their customers Picture: Unsplash.
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While thousands of small businesses crumbled under the weight of the economic slump brought on by the recession and COVID-19 pandemic, many of them went digital to survive. The Small Business Institute (SBI) said that this has signaled a positive change for SMMEs.