Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00

Home
arrow_forward
Business
fiber_manual_record
Politics

[LISTEN] 'Small business owners may feel the pinch of this recession'

5 September 2018 3:29 PM
Tags:
SMEs
small business
sme
Founder of Business Process Mechanics Marang Marekimane shares ways you can stay afloat if you've just started a small business.

There are a lot of pitfalls when establishing a small business in South Africa and with the country entering a recession, there may be more hurdles along the way.

Founder of Business Process Mechanics Marang Marekimane joined Azania on her show to discuss some of these challenges and and what you can do to stay afloat.

The issue of funding is a very big issue for us and its going to be even harder to get that kind of money. We will definitely feel the pinch as small business owners.

Marang Marekimane, Founder of Business Process Mechanics

Skills is an issue, so it is important that we keep upskilling ourselves and find alternative means to upskill the staff we work with. How do you get people to work right with you and be invested in building the business with you. I do encourage using digital tools to learn...

Marang Marekimane, Founder of Business Process Mechanics

READ: SA in technical recession as second quarter GDP falls

ALSO READ: Recession heightens risk of downgrade

Find ways to diversify your products and services. That will make you sleep easier at night.

Marang Marekimane, Founder of Business Process Mechanics

I think especially now that we have entered into a recession, it is going to be more important that we start reducing the waste that is in our business. Start looking at where could I be saving money as opposed to spending it, where could I swap services with people as opposed to having to pay.

Marang Marekimane, Founder of Business Process Mechanics

Marekimane says bartering between businesses is going to be essential as the things get tougher in the economy.

I wish people caught onto it more. If we can equate the value of the service and products that we are giving each other, lets go for it. We don't necessarily need physical cash to be doing these things.

Marang Marekimane, Founder of Business Process Mechanics

Click on the link below to listen to the full conversation....


5 September 2018 3:29 PM
Tags:
SMEs
small business
sme

More from Business

150130akijhb3.jpg

[LISTEN] Joburg media company offering free advertising to small businesses

1 June 2020 5:14 PM

JB Media and Yooh Media have taken up the task of helping small businesses with advertising on their digital billboards.

Share this:
Read More arrow_forward

fikile-mbalula-briefing-30-maypng

Curfew on public transport to be lifted, domestic air travel phased in

30 May 2020 4:44 PM

Transport Minister Fikile Mbalula outlined the relaxation of transport regulations under Level 3 of the national lockdown during a media briefing on Saturday.

Share this:
Read More arrow_forward

zulzi-2jpg

[LISTEN] Zulzi's Donald Valoyi talks the future of e-commerce and creating jobs

29 May 2020 3:04 PM

The founder shares his insights on the e-commerce space and how his company has managed to be resilient.

Share this:
Read More arrow_forward

screen-shot-2020-05-28-at-100419-ampng

Cachét Creative specialises in wedding and event planning

29 May 2020 9:15 AM

Every day #702ShoutOut and Ninety One shines the spotlight an SMMEs doing great work during lockdown.

Share this:
Read More arrow_forward

Retirement couple relationship

How to plan for retirement during the Covid-19 crisis

28 May 2020 7:47 PM

The Covid-19 pandemic and the economic destruction in its wake has left some of us wondering if we'll ever be able to retire.

Share this:
Read More arrow_forward

Economy, stock market, recession

How to invest globally...during a global pandemic

28 May 2020 7:36 PM

Investors are not exactly confident to invest in shares and trade on the markets during these times.

Share this:
Read More arrow_forward

charlys-bakery-insta-picpng

Charly's bakery is at risk, asking for help

28 May 2020 7:09 PM

Lots of small businesses are going under or holding on by the skin of their teeth .

Share this:
Read More arrow_forward

Open for business

SA economy opens steadily - will it bring any relief to the contraction?

28 May 2020 6:43 PM

On Monday many sectors of the economy will return to business as usual.

Share this:
Read More arrow_forward

screen-shot-2020-05-28-at-65146-ampng

Il Designs Creative Approach offers branding solutions to various brands

28 May 2020 9:08 AM

Every day #702ShoutOut and Ninety One shines the spotlight an SMMEs doing great work during lockdown.

Share this:
Read More arrow_forward

woman-medical-care-doctore-insurance-form-pexels-photojpeg

The Ombudsman for Short-Term Insurance report - what were the complaints?

27 May 2020 7:58 PM

The Ombud for Short Term Insurance’s aim is to resolve short term insurance complaints ''fairly, efficiently and impartially''.

Share this:
Read More arrow_forward

More from Politics

online-learning-internet-notes-training-remote-working-internet-laptop-123rf

Are workplaces ready to welcome workers during lockdown Level 3?

1 June 2020 11:35 AM

Eusebius McKaiser facilitates a discussion on the state of readiness for employers for employees during this lockdown level.

Share this:
Read More arrow_forward

fikile-mbalula-briefing-30-maypng

We are looking at 50% for buses and 70% for taxis - Fikile Mbalula

1 June 2020 8:23 AM

Transport minister gives the different regulations for the industry as the country moves to lockdown Level 3.

Share this:
Read More arrow_forward

200526-lesufi-edjpg

Motshekga chose not to ignore parents concerns on reopening of schools - Lesufi

1 June 2020 7:39 AM

Gauteng MEC Panyaza Lesufi and Naptosa's Basil Manuel weigh in on pupils now returning to schools on 8 June.

Share this:
Read More arrow_forward

200519 Angie Motshekga4

UPDATE: Motshekga delays address on school readiness amid further consultations

31 May 2020 7:04 PM

The minister was set to give an update on Sunday evening after meeting unions and organisations who wanted re-opening delayed.

Share this:
Read More arrow_forward

Cigarette-two.jpg

Health Minister to host Sunday meeting on tobacco control in SA

31 May 2020 9:48 AM

On World No Tobacco Day, Minister Zweli Mkhize is set to host a virtual meeting amid court action over continued tobacco sale ban.

Share this:
Read More arrow_forward

181126 Pravin Gordhan4

Mkhwebane and EFF lose Constitutional Court appeal bid against Gordhan

29 May 2020 12:56 PM

The minister's lawyer Tebogo Malatji reflects on the courts ruling on the so called Sars rogue unit report.

Share this:
Read More arrow_forward

man-smoking-smoke-cigarette-house-home-123rf

British American Tobacco to take legal action over government's cigarette ban

29 May 2020 10:34 AM

The sale of tobacco will continue to be prohibited under lockdown Level 3.

Share this:
Read More arrow_forward

Phumla-Williams.jpg

Phumla Williams on getting nod for top government communications position

29 May 2020 7:34 AM

She says even though it has been a painful journey to get to where she is, she always served SA to the best of her ability.

Share this:
Read More arrow_forward

202003404 Malema1

Malema was not mincing his words that people are going to die - EWN

28 May 2020 4:14 PM

Eyewitness News reporter Kgomotso Modise gives details of EFF virtual press conference.

Share this:
Read More arrow_forward

cigarette-1642232-340jpg

'There is zero evidence that smoking will increase transmission of COVID-19'

28 May 2020 8:14 AM

Cardiologist Dr. Konstantinos Farsalinos says clinical observations show very few smokers are hospitilised for the virus.

Share this:
Read More arrow_forward