South Africa

Business Partners index revealed that almost half of SME owners surveyed show confidence that the access to business finance will improve in the next 12 months.

JPMorgan, through the JP Morgan Chase Foundation, says well-structured incubators or business development support services can help SMEs grow their revenue and employ more people.

Internet-based short-term loan provider is looking to elongate payment terms for South African SMEs.

David Cory, Head of Debtor Management, Nedbank Business Banking, provides an overview of the South African factoring market for the World Factoring Yearbook 2013 covering industry environment, market performance, supply and future trends.

Nedbank said it advanced R240m to First Strut, which collapsed last month after the murder of its chairman.

SME funding government programme failed to achieve its objectives.

The recent study by The Hackett Group, consultancy group, shows that South African mining companies have more than R48.6-billion in excess working capital.

Certain major retail chains in South Africa are implementing a 10 per cent of annual purchases as a warranty reserve , to cover their risks should the supplier be unable to meet its warranty support obligations, according to the Banking Association Debtor Finance Committee.

Delayed payment from government departments puts enormous financial strain on small businesses.

Barclays's Absa hires JPMorgan's Barrass.