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Despite some organisations taking steps to boost the number of women at executive level, progress is still slow. The proportion of women to men in executive roles is still low, with only one female CEO among the JSE top 40 companies. These are some of the findings from PwC’s Executive Directors’ Practices & Remuneration report, 2018. Shirley Machaba, PwC Africa diversity and inclusion leader, says: “In order to build future economies that are both dynamic...

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Securing a business loan or financing for your small business can be incredibly frustrating, especially for first-time business owners who do not know the ropes. In fact, in its small business survey, Nav discovered that despite having more business financing options available, such as online lenders, it is still an uphill battle for small business owners to access capital. If that wasn’t bad enough, the increasing amount of financing options currently available may actually be...

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Globally, women experience many barriers preventing them from participating in economic activity, including a lack of access to funding opportunities for those wanting to be entrepreneurs. According to Gugu Mjadu, a spokesperson for the 2018 Entrepreneur of the Year competition, sponsored by Sanlam and Business/Partners, this presents a significant stumbling block to economic growth which will never be realised without the contribution of women entrepreneurs. Mjadu said in the past one needed to own property...

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For a segment of the economy that is expected to create close to 10-million jobs by 2030, it is disconcerting how little we still know about small and medium-sized enterprises (SMEs) in SA. To date, no baseline study has been done on SMEs — which means most of our policies have relied on some element of thumb suck. The Small Business Institute (SBI) has taken up the challenge, spending R1.5m of a total estimated requirement...

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Two young entrepreneurs who ditched their nine to five jobs to pursue financial freedom have singled out motivation as the key ingredient to starting your own business. After working for two of South Africa’s five big banks, in the business banking and mobile payments space, then moving to pay television, looking after digital payments and thereafter working for a giant pay scheme that focuses on prepaid cards, 30-year-old Busi Mavunga felt the strong need to...

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If you were 21 and you were told that at 23, you’d be sharing a stage with the likes of Barack Obama, Cyril Ramaphosa, and Graca Machel – how would that make you feel? Busi Mkhumbuzi would be the best person to take you through how it really feels. The 23 year old Soweto-born entrepreneur and activist took centre stage as the programme director of the annual Nelson Mandela Lecture that was headlined by Barack...

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StartupsTop News

July 31, 2018

What started as a simple desire to create her own unique brassieres – some made from wool and others decorated with colourful beads – has become a fashion hit, presenting 22-year-old Neo Mabokela with an opportunity for a thriving business. University psychology student Mabokela, who learnt the art of crocheting at an early age, is stunned by her success, and has put her studies on hold to pursue her new venture, Yarneo, full-time. “It has...

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Some small-business owners assume that the size of their company makes it an unlikely target for cyber adversaries. That may have been true in the past, but it’s no longer the case. “The increase in ‘targeting the little guy’ began several years ago (2011)… but represented less than a fifth of all attacks,” writes cybersecurity expert Joseph Steinberg in his Inc. article Small Businesses Beware: Half of all Cyber-Attacks Target you. “Today, however, the number is...

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A few years back, I was working as a business consultant for a venture located in a small city in India. The company used a mix of offline and online methods to connect job seekers and recruiters. After one year as a consultant to the business owners, I realized it was not in a position to succeed. The sales numbers did not look very encouraging, their growth was slow, and they were continuously missing all the...

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1. Browsing social media constantly Spending time on social media can feel like a necessary way to keep up on news. But the benefits fail to offset the mental clutter. “I have intentionally cut the amount of time I spend on Facebook, Twitter, and LinkedIn,” says Shawn Schulze of Names.org. “I used to feel pressure to keep up with industry people I was following or to stay up-to-speed with news on these outlets. However, the emotions and distraction far...

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