Who to ask for helping hand
FEW small businesses succeed without the assistance and guidance of more established companies. At some point in the life of all small businesses there is a need for additional capital, more sophisticated banking services, supplier contracts or technical advice.
Fortunately for entrepreneurs, there is no shortage of help. The Small Business Development Corporation no longer provides microloans to businesses, but a range of equity and loan packages for promising small enterprises.
The state has taken over the role of providing microlending to small business through Ntsika Enterprise Promotion Agency and Khula Enterprise Finance.
Manufacturing Advisory Centres - a partnership between Ntsika, the CSIR and the National Productivity Institute, co-funded by the Department of Trade and Industry and Danida, the Danish aid organisation - are being set up regionally to assist small, medium and micro enterprises (SMMEs) improve their productivity and competitiveness.
These centres provide technical and information support to SMME manufacturers, assistance in meeting product standards, and advisory services.