For small- and medium-sized enterprises (SMEs) sustainability matters – and today, sustainability is arguably best achieved by investing in the right technology. “The world has essentially become one marketplace, and one workforce,” says Jacobus de Nysschen, executive director at Creative CFO, a financial services firm based in Cape Town that is focused on the SME sector. “To build a successful company today, you have to gain access to the global innovation marketplace, which means embracing the right technology.” According to de Nysschen, the rapidly changing nature of the modern work…
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Merger enables SMEs to access funding more speedily
CAPE TOWN – Small to medium enterprises (SMEs) are critical to the growth of our country’s economy. It’s estimated that SMEs contribute over a third (34 percent) to the country’s gross domestic product (GDP) and make up roughly 90 percent of South African formal businesses. But considering it is growing at a mere 1 percent, there is a clear need for investment into this vital sector. But for this to change, the way small businesses apply and access these funds needs to become more efficient. Even though government committed R1.5…
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