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Africa

Credit Guarantee notches up strong surplus despite a depressed...

Despite adverse conditions in the global business environment, SA's largest credit insurance and reinsurance company, Credit Guarantee, managed to produce a strong underwriting surplus of R38.9m compared with R7.1m in the previous year. According to the company's annual report Credit...

Export firms told credit insurance vital, even when doing...

One of SA's top ferrochrome exporters has found itself in trouble after failing to secure payment for an export deal…


WesBank cuts interest rates for SME job creators

WesBank, the vehicle and movable equipment financier, yesterday launched "job creation finance", an interest rebate based finance scheme aimed at…

#interest rates#Jobs#smes


Underdeveloped enterprises, culture and regulatory regimes constrain SMEs

Underdeveloped enterprises, culture, regulatory regimes that are difficult and costly to comply with are some of the constraints facing small-…


Barclays launch Business Club

Barclays Bank has launched a new product for small-scale local businesses. The bank, previously known for dealing with large corporates,…

#bank#cash-flow#management


ECGC enhances credit operation

The Export Credit Guarantee Corporation of Zimbabwe (Pvt) Ltd (ECGC) says it is enhancing its credit operations at a time…

#bank#exporters#guarantees


South African Reserve Bank cuts key repo rate by...

The South African Reserve Bank's Monetary Policy Committee (MPC) on Wednesday (10 September) announced a 100 basis-point (bps) cut in…

#bank#interest rates#international


World Bank spells out constraints to SME’s growth

Interest in small- and medium-size enterprises (SMEs) by donors, including the World Bank Group, is increasing in Tanzania, the Financial…


Government to address SMEs’ weak capital base

With insufficient capital investment in the financial market of Ghana’s economy, the government, through the Ministry of Finance and Economic…

#economy#financial institutions#funding


Alternative exchange adds new advisers for SMEs

The JSE Securities Exchange (JSE) has announced eight additional designated advisers for companies, especially small- and medium-sized enterprises (SMEs), wanting…


Key interest rates cut by 1%

The Reserve Bank said on Thursday (14 August) it was cutting its key repo rate by 100 basis points to…

#bank#banks#inflation


Draft Financial Reporting Bill is good news for SMEs

Small companies (with “(Pty) Ltd” after their names) may in future be allowed to present simplified, more easily prepared accounts,…

Cashflow is the bugbear for growing SMEs

One of the most significant challenges for small- and medium-size enterprises (SMEs) is the two-fold problem of access to investment…

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