Read how Nazeem Martin believes Government's infrastructure plans are good for SMEs. We feature Pro-Galv CC and Jack & Jill Toys in our success stories and Gerrie van Biljon delves further into the budget and it's effects on SMEs.
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SME Business Bang
March 2012   |   Volume 4.2

Industry: Government infrastructure plans good for SMEs

Business Partners expects to put more money into the hands of South Africa’s entrepreneurial community in the year ahead than the previous two years, says Nazeem Martin, Managing Director of the country’s leading entrepreneurship finance firm.

He bases his prediction not only on the slow but inevitable recovery of the economy from the 2008 crash, but also on the major infrastructure spend so forcefully outlined in the government’s Budget for 2012.

The government’s big building boost comes at exactly the right time, says Nazeem. It will blunt the effect of the world’s still anaemic economy on South Africa by boosting the sales for suppliers of raw materials and equipment and providing thousands of jobs, albeit temporary ones.

Success story:
Recession good for business expansion, says growing toy retailer

Two months after the spectacular collapse of Lehman Brothers in 2008, Colin Benade opened a tiny toyshop in Fish Hoek, Cape Town. He had never been in the toy business before, let alone retail, and now he was taking his first step in the midst of the greatest economic meltdown since the Great Depression.

Success story:
Freed from shareholder politics, this factory owner thrives

It is perhaps in the nature of manufacturing that entrepreneurs feel they need partners. Very few people have both all the technical know-how and financial capital to build a factory on their own. But there are some serious downsides - seldom acknowledged - to running a business with co-owners.

Blog: SMEs and the budget announcement

By Gerrie van Biljon

Many analysts regard the current budget speech as one without much of a shake-up. Nothing was really announced that shocked the country with probably the announcement on Dividend Tax and the change in the Capital Gains Tax as the exception. But, how does the overall tax and economic condition effects small and medium sized businesses?

One needs to take a broader view than just the budget announcement. The expected investment in infrastructure development will indeed have a positive spin on the economy and effect SMEs. Most of this will be allocated to large corporations but it is the knock-on effect that the SME can share in.
Enter the 2012 Sanlam / Business Partners Entrepreneur of the Year® competition
About EOY The 2012 Sanlam / Business Partners Entrepreneur of the Year® awards, which aims to honour, benefit and uplift South African SMEs, is officially open for entries. This annual competition celebrates excellence in South African entrepreneurship and serves as an inspiration to others to succeed in the world of business.

Entries close on 16 June 2012, so submit your entry today.

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