Many entrepreneurs who are starting out often overlook the importance of marketing and solely rely on the strength and popularity of their product or services.
Fuel remains one of the most expensive operating costs for SMEs with a few vehicles. As a result, this makes it essential for SMEs to actively manage this expense to avoid it negatively impacting on profit margins.
FNB Islamic Banking has been awarded the Best Islamic Banking Window for the sixth consecutive year at the 12th annual Global Islamic Finance Awards (GIFA).
The GIFA awards are a celebration of excellence in the Islamic Banking and Finance sectors. The winners were announced at an awards ceremony at the Kempinski Palace in Djibouti, Africa, held on 14 September 2022.
Family-owned businesses make up a significant portion of all businesses registered and operating in South Africa. In fact, family-owned businesses are today recognised as vital participants in, and contributors to, the country's economy.
While heavy late rains created waterlogging challenges in several key farming areas at the end of 2021, the impact on yields has not proven to be as severe as previously anticipated.
Paul Makube, Senior Agricultural Economist at FNB Agribusiness says maize yields are a good barometer of overall crop performance and projections for maize have improved slightly, from the 14.53 million tons anticipated at the beginning of 2022 to around 15.02million tons currently predicted.
Hortfin the blended-finance scheme that was created to facilitate and enable transformation in the fruit, table grape and wine industries' value chain, has announced a new partnership with First National Bank (FNB).
Following an unprecedented period of ultra-lose financial conditions, elevated supply chain disruptions and swelling geopolitical tensions, global inflation has tested historical highs. This has prompted monetary policy authorities to react more aggressively than initially expected, to rein in run-away inflation expectations.
Emigration away from the big metropolises - and notably out of South Africa's traditional business heartland of Gauteng - is currently making heroes of coastal towns such as Plettenberg
'It's time to get pragmatic about productivity,' believes Jesse Weinberg, Co-Head: SME Segment at FNB. This is particularly true of owners and managers in the small-, micro- and medium-sized enterprise (SMME) space, who face unique people challenges to those currently being dissected in business schools and by global management consultancies.
Each stage of the card payment evolution has made it easier for merchants to take and process payments, do business and grow using both physical and digital channels.
Sage Direct Bank Feeds - allows you to safely and securely set up a bank feed using the FNB App, FNB Online Banking for Business or Online Banking Enterpriseâ„¢ to transfer your business' financial transaction history onto the Sage packages automatically at no extra cost.
The business funding landscape in South Africa is rapidly maturing, affording existing and aspirant entrepreneurs and business owners the wide variety of finance mechanisms they need, underpinned by the robust support required, to reignite the much needed sustainable growth and development of 'SA Inc'.
Talking entrepreneurship and reaching success, FNB
Talking business with a purpose, FNB
