the pride of Africa's women entrepreneurs
Impact Partner Content: Absa
In spite of social and economic difficulties before the COVID-19 pandemic, the South African prepared food market remained resilient. However, as the pressure of the pandemic is felt heavily in the restaurant and quick-service industry; the shift to food delivery becomes more important as an option for these businesses to get to their consumers.
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Impact Partner Content: Absa / by Absa Business Banking
An ecommerce strategy is vital, but the relevance of your offering remains key. Internet traffic has increased by 50% during the COVID-19 crisis, but ecommerce conversion rates are dropping. Having the right channels are key, but at the same time, constant re-evaluation of the relevance of your proposition will sustain your business in the long run.
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Impact Partner Content: Absa / by Dr Langelihle Simela, Business Development Manager, Absa AgriBusiness and Wessel Lemmer, Senior Agricultural Economist at Absa Agribusiness
Perspective on black women in agriculture: participation, support and prospects. — In South Africa, agriculture is known as male dominated industry - a fact well supported by the 2017 census of commercial agriculture. Therefore, it must be understood that black women who aspire to be become successful farmers enter largely unchartered waters.
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Impact Partner Content: Absa
The recent global health crisis has many of us deeply concerned about the health and wellbeing of our family, friends and employees. Not to mention the impact it has on us as business owners. We may consider a multitude of strategies, tactics and angles, but at the end of the day it effectively comes down to one thing – the lifeblood of our businesses…cashflow!
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Impact Partner Content: Absa / by Justin Schmidt, Head of New Sector Development, Absa Retail and Business Bank
While COVID-19 is first and foremost a global health crisis, the brutal reality is that the measures to “flatten the curve” have had a devastating impact on many businesses already – and will continue to in the medium to long term. The need to quickly conserve cash and to alleviate inefficiencies that may have crept into business in the good times are more important than ever, with revenues being down substantially due to these shocks. Acting quickly to manage your liquidity is essential in these uncertain times.
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Impact Partner Content: Absa / by Riaan Petersen, Head of Business Banking Segment Solutions, Absa Retail and Business Bank
Governments across the world are taking drastic measures to reduce the spread of Covid-19. At the time of writing this article, the virus affected 199 countries and territories, 536.6k confirmed cases, 24.1k deaths and 124.4k recoveries. There are now more than 2,400 confirmed cases of Covid-19 across Africa and growing warnings that the pandemic will cause major challenges for the continent’s under-resourced health services.
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Impact Partner Content: Absa / by Tina Playne, Managing Executive: Sectors and Segments, Private & Business Banking, Absa Retail and Business Bank
There is a marriage made in heaven between two practices that have been around for a while, and it is time to formally unite them. Welcome to the merger of Customer Experience (CX) and Agile management practices.
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Impact Partner Content: Absa
Receiving payment from a customer for a sale should be a relieving and fulfilling moment for any retailer. Stock is moving off the shelves and you‘re able to cover costs incurred to procure that item. However, successful businesses need to continually look for ways to optimise their cash and margins.
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Impact Partner Content: Absa
Entrepreneurs are those innovators among us who identify a need, any need, and meet it.
Individuals with an entrepreneurial mindset are often drawn to opportunities, ingenuity and new value-creation, and have the ability to take calculated risks. They also accept the realities of change and uncertainty.
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Tina Playne
Impact Partner Content: Absa | by Tina Playne, Managing Executive: Sectors and Segments, Private & Business Banking, Absa Retail and Business Bank
Our brave new world demands brave new leadership - leaders who understand their purpose in life and in business, and who are able to inspire and motivate others. But how do you make the shift, find your purpose, and successfully transition from manager to leader. Tina Playne shares her insights on what makes great leaders who can move business forward.
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Nyeleti Mushwana
Impact Partner Content: Absa
Nyeleti Mushwana of Karibu Leisure Resort and Conference Centre shares how Absa is helping her expand into a nationwide hospitality powerhouse.
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Impact Partner Content: Absa | by Riaan Petersen, Head of Business Banking Segment Solutions, Absa Retail and Business Bank
You’ve done it. You took that first step, raised funding and ventured into the world of entrepreneurship. Operating in our current environment though is not easy. With growth in emerging and developing economies likely to remain slow, other possible challenges such as late payments impacting your cash flow and/or lackluster demand from buyers – building a business requires boldness and resilience.
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Zohra Teke, founder of Sofra Istanbul (South Africa)
Impact Partner Content: Absa
Zohra Teke of Sofra Istanbul in Durban, South Africa, shares her first-hand experience of how Absa can help a restaurant deliver the exotic tastes of Turkey to local food-lovers’ doorsteps.
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Impact Partner Content: Absa | By James Noble, Head of Wholesale, Retail and Franchising - Absa Business Banking
Absa’s Wholesale, Retail and Franchise Sector always strive to exceed the need of our franchise customers. Therefore, we display leadership in the industry by providing market leading solutions that will give you the opportunity to focus on your business.
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Impact Partner Content: Absa
Over the past 5 years, women entrepreneurs in South Africa who are looking to grow their businesses have harnessed the power of the Lioness Lean In events to expand their business networks. In the second half of 2019, a new impact partnership between Lionesses of Africa and Absa, took the Lioness Lean In Enterprise events to a whole new level in the country.
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Impact Partner Content: Absa | by Justin Schmidt, Head of New Sector Development, Absa Retail and Business Bank
“Revenue is vanity, profit is sanity and cash flows are reality”. This phrase may sound like a cliché, but it is a really important consideration when businesses move into their next growth phase. A major contract may look great from a revenue perspective, but if there are mismatches in the working capital cycle (timing differences of cash going out and cash coming in), the growth may not be worth it.
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Anna Phosa, founder of Dreamland Piggery
Impact Partner Content: Absa
Anna Phosa of Dreamland Piggery shares how Absa helped her grow from a small-scale farmer into a big enterprise.
South African entrepreneur, Anna Phosa, was always a go-getter and proved it’s never too late to reach your goals and exceed even your own expectations. From humble beginnings, born in the Free State and raised by a single mother of seven children, Anna rose against adversity and today she’s the award-winning owner and managing director of Dreamland Piggery and Abatoir.
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Bongiwe Gangeni, Deputy CEO of Absa Retail and Business Bank
Impact Partner Content: Absa
Bongiwe Gangeni the Deputy CEO of Absa Retail and Business Bank talks about her journey to the top.
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