Wednesday, October 9, 2013

SACCI Convention 2013, Make Business Growth Happen, Nedbank

Make Business Growth Happen
Adrian Dubru Nedbank
Tel 011 294 0050

Focus on:
start-up business
Profesional entities
Established businesses

Challenges faced by entrepreneurs:
Access to markets
Financial acumen
Business formalisation - close to 1m SMEs in South Africa, but most not in formal sector - to run business finance separate from personal finance
Access to support services
Lack of collateral

Business constraints:
Crime and corruption 47%!!!
Fear of failure 38%
Electricity issues 15%
Access to finance 7%
Inadequate skilled labour 6%
Labour regulations 5%

Nedbank's approach:
The centre as your business
Bank and Transact
Finance your business
Invest and protect

Nedbank's philosophy
A focused client driven approach
We understand the unique challenges
A credit philosophy aligned to your focus
Service efficiency and excellence

Small Business Friday 6 Sep 2013 - focusing and supporting local businesses
It's my biz flighted on eTV, creating awareness
Mobile app to help people find businesses on the map, simply register business on, don't have to be a nedbank business client
PocketPOS app on mobile device, need cellphone signal, enabling e-commerce, process transactions while moving - card transactions

Finance options:

Short term - working capital, debtors, stock, overdraft facility, debtor finance, guarantees

Medium term:
  • Fixtures and fitting
  • Renovations of premises

Long term:
  • Property finance

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