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South African challenger bank Sasfin has moved to boost its SME business by buying a stake in local digital lending startup Payabill. Neither the size of the "strategic" stake nor the amount paid for it have been disclosed. Launched in...
#bank#payment terms#smes
Against a challenging economic background, broad small business confidence indicators have exhibited... (more…)
#Access to Finance#cash-flow#small business
OrganiMark, a South Africa-based value chain engineering company, has teamed with blockchain platform... (more…)
#blockchain#trade
A court has approved ...’s ZAR 20bn (£1.1bn) acquisition of UK-based specialist lender ..., with the expectation that ... (more…)
#Aldermore#asset-based lender#bank
IFC, a member of the World Bank Group, has announced that it will extend a seven-year ZAR 740 million (US$61.8m)…
#SME lending
...announced that it has acquired..., a South African-based asset management firm specialising in investments that span domestic and global asset…
#acquisition#bank#financial services
one of South Africa’s major banking groups, offering the full range of wholesale and retail banking services through a growing…
#Nedbank
...has been appointed as the head of trade and supply chain finance sales for South Africa at... (more…)
#bank#management#supply chain finance
South African SMES have stated that they believe 2017 will bring more growth to their businesses compared to... (more…)
#business finance#economy#funding
Cactus Advisors, a multi-disciplinary business advisory firm based in Cape Town, announced the closing of its second and third investments…
#API#banks#digital
The Banking Association of South Africa has released the Debtor Finance Statistics for 2015... (more…)
#exports#i#invoice
First National Bank (FNB), South Africa, has given SMEs struggling to pay their taxes a major boost by introducing a…
#bank#invoice#late payment
Banking association reveals member' figures for year 2014 (more…)
#invoice