“Recognising that small businesses are the mainstay of our economy and arguably the best remedy for the country’s unemployment challenges, the bank has, over the years, instituted various interventions aimed at giving support to the small business sector. Over and above our Small Business Services solutions, we provide small business owners with support that goes beyond banking, freeing up their time to truly focus on running their businesses,” says Kim Lawrence.
Nedbank has built a solid reputation as a bank for small businesses through initiatives such as Small Business Friday, free Small Business Seminars and the SimplyBiz.co.za platform – all of which are geared to support the SME sector. As an example, the Small Business Friday initiative, in association with the National Small Business Chamber (NSBC), seeks to encourage all in South Africa to rally behind and show their support to small businesses. Notwithstanding its name, the initiative calls on all in South Africa to make a conscious decision to vote small business through their hearts, feet and wallets; not only on Fridays but in their everyday lives.
Supporting small businesses can translate to more sustainable economic growth, social upliftment and job creation. The biannual Nedbank Small Business Seminars (in their tenth year), are free for attendants and provide practical advice and solutions for small business owners. The inspired up-and-coming and emerging entrepreneurs that attend the seminars benefit from invaluable insight shared by small business experts. The seminars are rolled out across the country and the topics include issues such as cash-flow planning that works and turning strengths and weaknesses into more sales and profits.
SimplyBiz.co.za is a free-to-join value networking portal especially for small businesses. It seeks to assist small business owners facing unique challenges with valuable insights from other entrepreneurs and our seminars. Moreover, the online portal is there for small businesses to improve their business administration skills, keep up with the latest trends, network with other small businesses and share ideas or advice. Entrepreneurs can also upload their business details and logo at no cost.
Nedbank remains focused on the enhancement of growth opportunities for small businesses through improved presence and distribution of much-needed expertise that will benefit the sector. It continues to offer a full range of services to this sector, including short-term, medium-term and long-term funding as well as transactional banking.
For more information about our Small Business Services, contact Kim Lawrence, Regional Manager Small Business Services.