Tag Archives: Small business

SMEs require a banking relationship, even in this digital age (BT)

The World Bank estimates that small businesses constitute 90 percent of all businesses worldwide. In sub-Saharan Africa alone there are 44 million small businesses, with small and medium-sized enterprises (SMEs) accounting for 60 percent of jobs. In South Africa there are approximately 3.2 million SMEs, which make them the backbone of the economy with a […]
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How will the new competition laws impact business?(Bizcommunity)

Before leaving his ministerial position, the outgoing Minister of Competition, Trade and Industry, Ebrahim Patel (the Minister), published two important regulations (one of which is in draft form). These regulations, relevant to all sectors of the economy, relate to commercial dealings amongst small businesses and agreements between suppliers, customers, and distributors. Click here to read […]
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AI As A Growth Engine: 7 Ways Small Businesses Can Use AI To Scale (Forbes)

While AI might sound like a high-tech luxury only accessible to big corporations, it’s increasingly becoming a game-changer for small businesses willing to embrace its potential. Here are seven strategic ways small businesses can utilize AI to fuel growth and efficiency. Click here to read the full article

Almost half of small business owners plan to cut hiring because of AI (PCMag)

Most are looking to ChatGPT, Google Bard, and Microsoft Bing AI to replace human employees. Small business owners are hoping to employ artificial intelligence instead of humans in the next year—but they don’t believe the technology is coming for their own jobs anytime soon. FreshBooks surveyed 1,000 small business owners in the United States and Canada about their current […]
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Global state of small business report (Facebook)

Small businesses are the heart of our communities – and they are the unsung heroes of the global economy. From coffee shops, bookstores and restaurants to plumbers, wedding planners and graphic designers, small businesses create jobs and growth in every country, helping to reduce poverty and income inequality. But they are facing the challenge of […]
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