Welcome to our new look monthly newsletter. To go with our new look, the focus of this month's newsletter is the Business Partners repositioning campaign and launch of our new Manufacturing Fund.
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R300 million Manufacturing Fund launched as part of Entrepreneurship Campaign

Business Partners Limited, a specialist risk finance company for formal small and medium enterprises (SMEs), has launched a unique campaign aimed at stimulating entrepreneurship in South Africa – the square peg movement. As part of the campaign a series of specialised funds will be launched, each focusing on the upliftment of a particular local industry, starting with the launch of a R300 million manufacturing fund. The launch event was attended by the small business development Minister Lindiwe Zulu.

According to Nazeem Martin, Managing Director of Business Partners Limited, the campaign is part of the company’s brand repositioning aimed at championing entrepreneurship as an answer to South Africa’s economic growth and job creation challenges.


Manufacturing Fund launched to create jobs in industry

One of the key issues that inhibit South African small and medium enterprises (SMEs) from capitalising on their abilities and strengths is the limited availability or lack of risk finance. It is for this reason that Business Partners Limited, a leading financier of SMEs, has launched a R300 million fund specifically targeted to meet the financing and developmental needs of SMEs within the manufacturing sector.

The Business Partners Manufacturing Fund, a dedicated fund which aims to assist SMEs that operate within the manufacturing sector, was launched with the objective to stimulate the manufacturing sector, an industry that has the potential to create much needed jobs in South Africa. According to Nazeem Martin, MD of Business Partners Limited, a stimulated manufacturing sector will have a spin off effect on businesses operating within other sectors such as the service industry, and will result in a positive boost for the economy.

October 2014 / Vol.5.8


Are you a
square peg?

This quiz is not scientific but serves to highlight some of the key attributes of entrepreneurs or “square pegs”, as we at Business Partners affectionately call them. The quiz should give you some idea on whether you “possess” entrepreneurial qualities, or not. However, please remember that a positive outcome/score is not a recipe for success.

Take the quiz

In entrepreneurial development, every experience helps

If one of the hallmarks of an entrepreneur is doing things differently, you could say that Ferose Oaten exhibited early signs of it – by deciding NOT to go into business and to rather become a librarian.

Her father was a formidable entrepreneur who started as a fruit seller and built up the multi-million rand Chilwan's bus company in Cape Town. Her six brothers all joined the family business. Oaten certainly felt like a square peg in a round hole more than once in her life.


Mashaba still refusing to fit into the hole that was dug for him

When you ask Herman Mashaba, one of South Africa's iconic entrepreneurs, whether he sees himself as a square peg in a round hole, he makes it clear that he is more comfortable describing himself as “an ordinary guy”.

There was certainly nothing special about his childhood in Garamotse, Hammanskraal. Like millions of black people under apartheid he grew up dirt poor, in a single-parent home which his mother tried to keep together ...

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