MONEY: Saving for a rainy day

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July is the month to start saving for a rainy day. Entrepreneurs, as well as consumers, need to adopt a savings culture. It is vital for any business to have a contingency plan in place and cash is a very important lifeline in any sector. Cash can determine the difference between its existence, expansion or failure.

COVER: Where is future black wealth going to come from?

Get the 09 July 2015 edition of Finweek. Click on the image.

The amended BEE codes of good practice will help turn thousands of black South Africans into entrepreneurial players instead of economic spectators. Black entrepreneurs and investors venturing into mining, agriculture and infrastructure can now have a piece of the pie that was previously reserved for minorities.

INVESTMENT: Opportunities within business rescue

Business risk

For a business rescue plan to work, there should be a degree of financial support to assist with the recovery.

OPINION: Government to translate SME talk into action


In South Africa, we have much to do to get SMEs on the path to success so that they can help create jobs and grow the economy, says Steven Cohen, MD of Sage One.

BUSINESS: Get the tax basics right from the start


Get your SARS red tape for your business right from the start if you want to avoid problems and penalties with the tax authorities later, says Madelein van der Watt.

INSIGHT: Local franchise sector to continue boom in 2015


The flourishing franchise sector is set to continue making a major contribution to the economy in 2015. The franchise sector is critical for economic growth and job creation.

ENTREPRENEUR: Put your SME in best position to get credit

savings culture

There are specific ways in which you can reassure a bank that your business is capable of repaying any money they lend you, increasing your chances of acquiring credit says Ethel Nyembe.

BUSINESS: Potential growth the basis for financing SMEs


Potential growth, rather than achievements, should be the basis for financing SMEs in future. This indicates a shift away from traditional criteria for assessing creditworthines

BUSINESS: eCommerce opportunities for local entrepreneurs


Technological advancements have changed business leading to many opportunities for local entrepreneurs to take in the eCommerce environment.

BUSINESS: Eight reasons why franchises fail


Buying a franchise doesn’t automatically guarantee success; commitment to developing the skills needed to manage a business is key, says Ethel Nyembe of Standard Bank.