This month we focus on the 2018 Budget, good cash flow management and meet square pegs Delia Cupido and Mark and Liza Graham.
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Opportunities for SMEs in the 2018 National Budget Speech

Small business owners should believe the rising tide will lift all the boats, as the South African economy is showing signs of turning the corner after a couple of years of disappointing growth and high volatility. As such, 2018 holds promise of increased opportunities for local small and medium enterprises (SMEs).

In both the inspiring and predominantly growth friendly State of the Nation Address (SONA) by the President was followed by the 2018 Budget Speech delivered on 21 February by former Finance Minister Malusi Gigaba, there was a consistent theme of support for SMEs. This is proof that Government is serious about the growth and well-being of SMEs in South Africa.

We have put together key messages for SMEs from the 2018 National Budget Speech in order to encourage business owners to shift from survival mode to a more opportunity-seeking stance:

  • Highlighting the positive sentiment, is Government’s commitment to the Preferential Procurement Regulations, as well as the fact that the Public Procurement Bill will be submitted to Cabinet in March 2018 for gazetting the Bill for public comments. This regulation will ensure that SMEs are able to participate fairly in the public procurement process, which will in turn promote black economic empowerment, industrialisation and allow SMEs to create more job opportunities.

Nine critical habits of good cash flow management

If cash is to your business what oxygen is to the body - you die very quickly if it runs out - it also needs to be said that most businesses work in environments where air can indeed run out at any moment.

Think deep sea diving, where breathing does not come naturally. It has to be planned, thought about and consciously practiced if you want to survive, says David Morobe, regional general manager at Business Partners Limited (BUSINESS/PARTNERS). 

He lists the crucial habits that business owners have to cultivate to make their businesses breath the cash that they need to survive:

1. Plan your cash flow

A healthy business has a cash-flow projection that stretches at least a year ahead. Of course the chances are slim that the actual accounts will be the same as those you project twelve months from now, but the exercise is crucial to help you anticipate slow and fast seasons. Focus on the next three month and constantly make sure that the money coming in and flowing out is roughly the same as your projections. React immediately to any variance to make sure that you don’t run out of cash, and keep your projections updated.

February 2018 / Vol.9.2


The power of life-long learning in business

Delia Cupido is living proof of the power of life-long education in business. The 57-year-old owner of four growing private schools in Cape Town is clearly at the top of her game, yet she is once again ready to take her business to the next level through an entrepreneurial development programme that she has just completed.

Delia’s passion for her own continuous education - and that of others - is perhaps not surprising given her background. At the age of 13, she had to leave school before she completed Standard 5 (Grade 7) to help put food on her family’s table.

Her family found work for her in a meat factory. Delia, furious at the unfairness that her brothers could stay on in formal education, found in herself a burning desire to get ahead. Still a child, she found her next job herself - in a clothing factory, which she believed was a step up from the meat factory.


Amazing last-ditch push turns business around

Even by the standards of business owners, who all go through some nerve-racking months, Mark and Liza Graham’s experience is in a league of its own.

In a last-ditch attempt to save their business, the couple threw everything they had into converting their student-accommodation business into a guest house. The amazing thing was that they did this knowing that at any moment the building could be sold even as they were painstakingly renovating and converting each of the 14 en-suite rooms with the passion that only a business owner can muster.

All the while they had to show several prospective buyers the property, three of whom were very interested in buying it. At that stage any price that Mark and Liza would have received from the sale of the property would have simply gone into paying off debt, and their business would be gone.  “We came very close to losing everything,” says Mark.

Unit 22,
Richards Bay CBD Mini Factory
Richards Bay

Property type: Industrial unit

Location: Unit 22, Richards Bay CBD Mini Factory, 5 -7 Rupee Rif

Size: 135.5m²

Rental: R5 420

Availability: Immediately

Features: Armed response, ablution facility, water supply, cleaning, and waste removal.

Feroz Khan
082 821 4305


Unit 27,
Dickswell Building

Property type: Office space

Location: Unit 27, Dickswell Building, 92-96 Josiah Gumede Rd, Pinetown

Size: 120m²

Rental: R4 500

Availability: Immediately

Features: Waste removal.

Rani Veerasamy
079 533 3754


Unit 12,
Eldo Square Shopping Centre

Property type: Retail space

Location: Unit 12, Eldo Square Shopping Centre, Eldoraigne

Size: 175m²

Rental: R31 500

Availability: Immediately

Features: Kitchen, water supply, cleaning, waste removal, air conditioning, geyser (hot water), and receiving area.

Nicole Wannies
076 641 3292

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