FUNDING NEWS

Starting a business of your own is an exciting concept. It’s an opportunity to turn your dreams into a reality. All this excitement and passion is, however, blinding sometimes, as we do not see that it takes time to start a successful business. Some entrepreneurs want to start big, for instance, establish a farming operation that has cattle, pigs, chicken and maize all in a single venture, but has never experienced the displeasure of cleaning a pig pen or can’t tell you anyth

The purpose of the TVC Fund is to provide funding and business support to small companies at early stages of commercialisation (not development) of innovative products, processes and technologies across all sectors which have the potential to make a significant developmental impact on the South African economy. QUALIFYING CRITERIA Qualifying criteria include, but are not limited to: Viability and sustainability Innovation Local Intellectual Property Market potential Competiti

Invoice discounting may save your business! Most new businesses fail within the first few years, often due to a lack of working capital and pressure on cash flows. “Once you have cash flow problems, you can forget about bank funding”,  says Henk Rossouw, managing director of CapX Finance,  “unless you have access to other cash resources, your business may be doomed forever.” The main reason for cash flow problems is very simple – your clients demand payment terms of 30, 60 or

1. DETAILED BUSINESS PLAN The business plan does not only help you to get some funding, but it also helps you to adjust your first business decisions. You can check every month if your turnover and your cost are as predicted and you have a tool to adjust to changed circumstances quickly. When you only find out after months, that you lose money, it can be too late. 2. ENOUGH EQUITY When you fund your total start-up costs with a loan, the monthly interest rate and repayment can

Creating a business plan is the smart way to launch a new business project. Smart thinking leads to smart action, and this is what leads to great success.  It’s not just about the plan; it’s very much about the planning. In other words, it’s not just about drawing up the document; it’s about the research you have to carry out, the tough questions you have to ask yourself. It’s about the creativity of your approach, and about the value, you are creating for your customers. The

The DTI has launched a new incentive scheme called the Manufacturing Competitiveness Enhancement Programme (MCEP). The objective of the incentive is to promote enterprise competitiveness and job retention. Components of the MCEP: 1. A non-taxable cash grant calculated as a percentage of the average (calculated over two years and based on audited or independently reviewed accounts not older than 18 months) Manufacturing Value Addition (Sales less Material Input Costs) of a bus