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New code promotes strict payment terms

Small businesses that supply goods or services to those that have joined a new initiative to pay small firms on time, may no longer need to worry about cash-flow concerns. Initiated by the National Small Business Chamber (NSBC), the Prompt Payment Code aims to get government departments and corporates to pay their small suppliers within… [Continue Reading]

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Study shows startups rising

With a record number of over one in every ten adults involved in starting their own business last year, South Africans have become more positive about entrepreneurship than a decade ago, reveals the latest Global Entrepreneurship Monitor (Gem) report. While in 2002 just 6.5% of adults were involved in starting or running a new business,… [Continue Reading]

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New platform for early stage innovation

Entrepreneurs with technology offerings or products aimed at solving challenges that industry face have been given an opportunity to secure possible contracts and business support through a new online platform. OpenIX, previously known as the Open Innovation Solution Exchange, is a web-based platform hosted by The Innovation Hub, launched with the City of Tshwane and… [Continue Reading]

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Software ace Justin Coetzee shows how accurate and user-friendly the train commuter information application is that he developed for cellphones. Picture Ian Landsberg

Entrepreneur keeps Gauteng moving

Software developer Justin Coetzee is helping to smooth out the kinks in the public transport system with the launch of his latest product – the GoGauteng app. Aimed at reducing the stress and frustration that often go hand-in-hand with public transport, GoGauteng follows the award-winning GoMetro app he developed to provide up-to-date information to Cape… [Continue Reading]

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Biz booms thanks to fund

Up to R5 million in funding is available to KwaZulu-Natal (KZN) business owners who partner with each other to grow the local economy. The Gijima KZN Local Competitiveness Fund (LCF), run by the province’s Department of Economic Development and Tourism since 2011, aims to promote economic development and increase local competitiveness by encouraging businesses to… [Continue Reading]

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It pays to be prepaid

A business owner claims she has saved up to 50% on cellphone calls since the introduction of the new mobile termination rate by the Communications Authority of South Africa (Icasa) in April. Cindy Steenkamp – the executive director of Macsafety Africa, a company that supplies safety equipment, protective clothing and services to the marine, mining… [Continue Reading]

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Mobile cuts unlikely to bring savings now

Consumers may already be reaping the benefits of cheaper prepaid call rates after the recent introduction of a new mobile termination rate (MTR), but these savings are unlikely to filter through any time soon to business owners on cellphone contracts. The new termination rates, which are the fees operators pay each other to carry calls… [Continue Reading]

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One stop for all taxes

The adoption by the South African Revenue Service (Sars) of a new single registration process will see business owners save time and money. The new single registration process, which Sars began rolling out last month, consolidates the registration of all types of tax products for both individuals and legal entities into one single registration process.… [Continue Reading]

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New ministry for SA small businesses

South Africa’s highly-anticipated first small business development minister Lindiwe Zulu carries the hopes of millions of small business owners on her shoulders, after President Jacob Zuma appointed her to this new ministry as part of his second-term cabinet. Zulu, a former special adviser to the president for international relations, who has admitted to not having… [Continue Reading]

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Good lessons from Chile

Innovation is key. That’s what South Africa can learn from Chile, where something of an entrepreneurship revolution is on the go. In recent years the South American nation of 17 million has captured the attention of many with its Start-Up Chile programme. Launched in 2010, it offers entrepreneurs from around the world grants of $40… [Continue Reading]

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