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The end of the year is near. There has been some challenges including low awareness of funding opportunities, market access, load shedding, limited use of technology to reach new customers and business compliance, among others. Making it to the end of the year with your business intact is something worth celebrating. Whether you are shutting down for the December holidays or will still be open for business throughout the festive season, here is a comprehensive list of all the essentials to take care of – from treating your clients and team to planning for emergencies.  

New Business Incubators In South Africa  

Business incubators have always been an important part of South Africa’s entrepreneurship ecosystem and are now more vital than ever.

The COVID-19 pandemic delivered a particularly devastating blow to SMEs and threatened the survival of thousands of small businesses. Additionally, it made worse the challenges that local entrepreneurs face such as access to funding and market access and limited tech adoption.

Related: How Joining An Incubator Programme Can Help You Secure Business Funding

Distressed businesses will need support if they are to survive and recover. These are services that our business incubators are equipped to provide such as business development support, training, digital skills and access to technology.

Below we look at where entrepreneurs can access the support and resources they need and shine the spotlight on new business incubators that have recently been launched.

New This Week (05 December 2022)  

• Socio-Economic Issues Affecting Businesses

• How Small Businesses Can Get Sponsorship For Events

• Advantages of Using Reusable Packaging in Your Business

The Impact of Crime on Business 

Crime can have devastating effects on businesses. The majority of businesses and their staff in South Africa have been directly affected by crime. Crime is also on the rise, so it’s something that all business owners need to be carefully aware of.

Various types of crime can affect businesses. These different areas of crime can also be done at varying scales. While some crimes are considerably worse than others, the bottom line is that any incident of crime hurts any business. This includes both direct and indirect effects.In this guide, we’ll cover some of the main ways that businesses are impacted by crime. We include an overview of the three main types of crime that businesses face.

Need Working Capital? For a Free Quote for Business Funding, visit SME South Africa. 

Download SME South Africa’s ‘Female Entrepreneurship & Funding’ Case Studies and learn more about the funding journeys of local women entrepreneurs who are behind some of the country’s most Bankable, Scalable and Future-fit businesses.

What’s inside:

• The strategies they used to secure funding.

• The impact of business funding on their businesses’ growth.

• How they navigated the challenges they faced during the application process.

• Their advice for other female entrepreneurs.