B2B Central

Finance

25 Aug 2020

What the Experian breach has taught us about data security

By Staff Writer

SABRIC and SAFPS urges bank customers and other consumers to follow sound identity management practices to mitigate the risk of impersonation and fraudulent applications in your name. Experian – a consumer, business and credit information services agency – has experienced a breach of data which has exposed some personal information of as many as 24...
12 Aug 2020

Novus Holdings opts to preserve liquidity amidst COVID-19

By Staff Writer

Novus Holdings’ full year financial results are indicative of a disruptive operating environment brought on by the poor state of the South African economy, weak demand and high input costs, exacerbated by the COVID-19 pandemic. However, there were pockets of pleasing performance indicators as the Group focused on rightsizing print operations, significantly reducing working capital,...
14 Jul 2020

Food security is a major concern for South Africa

By Staff Writer

BY: Maluta Netshaulu, senior manager of Agriculture for Nedbank Business Banking Food security remains a major concern as businesses throughout the world struggle to get to grips with the COVID-19 pandemic. The lockdown has affected agriculture exports also. But as the country eases lockdown regulations, the ability of South Africa and the Continent to look...
15 Jun 2020

BioNTech receives €100 million in debt financing for development of COVID-19 vaccine

By Staff Writer

The European Investment Bank and BioNTech have concluded a €100 million debt financing agreement to support the development of BNT162, the company’s COVID-19 vaccine programme. The deal will also allow the company to expand its manufacturing capacity in order to supply the vaccine fast worldwide in response to the pandemic. This will be done at...
11 Jun 2020

Merchant Capital throws restaurants a lifeline during lockdown

By Varushka Padayachi

Alternative lender Merchant Capital has launched an innovative short-term finance product to give restaurants a much-needed injection of working capital to help ease the economic impact of the national lockdown regulations.
11 May 2020

‘Pay your small business suppliers’ urges NSBC

By Staff Writer

The National Small Business Chamber is urging big business and the South African government to pay their small business suppliers as soon as possible, as late payments could have a devastating impact on small businesses during the COVID-19 pandemic. “Getting Big Business South Africa and Government to pay their small business suppliers on time is...
22 Apr 2020

Why you should avoid a payment holiday if you can

By Staff Writer

BY: Hanno Bekker founding director of The Financial and Legal Research Group We can be proud of how South Africa is handling the COVID19 pandemic and we can commend the offering of payment relief that financial institutions are extending to SME’s in this critical time. However, I want to highlight that the payment holidays are...
20 Apr 2020

'We will come out of this stronger' - A restaurateur’s experience of COVID-19

By Varushka Padayachi

By: Larry Hodes, owner of Calexico On Monday 16 March; when the rumours of COVID-19 began getting more serious; there was an immediate drop off in customers in my three restaurants. In the next 10 days my turnover would decrease by between 80 to 100% in my restaurants. When the new liquor laws were announced...
20 Apr 2020

Help feed vulnerable South Africans during the lockdown

By Staff Writer

Heeding President Ramaphosa’s call for a united response to the Covid-19 crisis, 15 professional bodies from the finance industry are putting their weight behind a ground-breaking charity that distributes surplus food to a quarter of a million vulnerable South Africans every day. If your business is lucky enough to continue to operate during lockdown you...
27 Feb 2020

Coronavirus could push the world to a global recession

By Staff Writer

‘Coronavirus and heightening geopolitical and trade tensions are expected to drive the world to the brink of a global recession this year. Investors must take action sooner rather than later to build and safeguard their wealth.’ This stark warning from Nigel Green, founder and CEO of deVere Group, one of the world’s largest independent financial...
15 Aug 2019

CGMA Africa Conference 2019 to explore the changing shape of the finance function

By Janice Roberts

Expert speakers from around the world will convene to explore how the expectations of the finance role have changed in the digital age. Leading financial sector minds are set to descend to Cape Town for Africa’s premier gathering to discuss financial transformation in the digital age and propose solutions to key challenges faced by the...
05 Aug 2019

Women and their money - understanding how to take control

By Janice Roberts

By Tiffany-Ann Boesch, Group CFO at PPS. On 9 August 1956, over 20 000 women of all races and ages from every corner of South Africa marched together towards the Union Buildings in Pretoria. These brave women were marching in protest against the pass laws that proposed even further restrictions on the movements of women.