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[ Tue, Jan 21st 2025 ]: Moneyweb
Reasons SMEs remain small - and how one company is solving this problem
[ Tue, Jan 21st 2025 ]: MoneyWeek
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Reasons SMEs remain small - and how one company is solving this problem

"That suggests to us that SA companies are unable to compete internationally because the margins are too low, or they lack access to the finance or the overseas business networks," says Faadil Moti, CEO and co-founder of 80eight.
The article from Moneyweb discusses the challenges faced by Small and Medium Enterprises (SMEs) in South Africa, which often remain small due to issues like limited access to finance, lack of business skills, and regulatory burdens. It highlights how these SMEs struggle with growth due to insufficient capital, inadequate infrastructure, and a lack of mentorship. However, the article focuses on how one company, Retail Capital, is addressing these problems by providing alternative funding solutions tailored for SMEs. Retail Capital offers quick, flexible, and unsecured business funding, which does not require traditional collateral, thus reducing the financial barriers for SMEs. This approach not only helps in scaling operations but also in managing cash flow effectively, thereby fostering growth and sustainability in the SME sector.

Read the Full Moneyweb Article at:
[ https://www.moneyweb.co.za/news/south-africa/reasons-smes-remain-small-and-how-one-company-is-solving-this-problem/ ]