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ROLLER COASTER OF VOLATILITY

ROLLER COASTER OF VOLATILITY

By Haroun Pochee.  B.Com CA (SA) – Growing Hands Entrepreneur Development

Are we on a real life rollercoaster ride of fast paced change, unexpected twists, turns and breathless anxiety?

Whether it is in our business environment, political happenings, managing the myriad of power cuts, the extreme fluctuations in exchange rates and markets the ride is not an exhilarating one and our best laid plans can easily be derailed and crashed into an abyss beyond our control.

This can be gut wrenching and factors beyond yours and my control influence the way we react and plot the course of action.  It is definitely not a theme park ride but a real life experience.

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Black Business Supplier Development Programme (BBSDP)

The Black Business Supplier Development Programme (BBSDP) is a cost-sharing grant offered to black-owned small enterprises to assist them to improve their competitiveness and sustainability to become part of the mainstream economy and create employment.

The programme provides grants to a maximum of R1 million:

  • R800 000 for tools, machinery and equipment on a 50:50 cost-sharing basis; and
  • R200 000 for business development and training interventions per eligible enterprise to improve their corporate governance, management, marketing, productivity and use of modern technology on a 80:20 cost-sharing basis.

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Technology for Women in Business – Award

Since 1998 the Technology for Women in Business (TWIB) an initiative of the DTI has given hundreds of women the opportunity to apply technology to support and grow their
businesses. This has largely contributed towards mainstreaming women’s businesses within the broader SA economy.

TWIB is calling for the 2013/14 Awards nominations. South Africans are invited to nominate women entrepreneurs who systematically use technological innovation and creative know-how for business growth and positive economic impact on the broader economy. These should be in the following three categories:

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BRICS – Total Entrepreneurial Activity

Brics - Entrepreneurial activity bubble map

The Global Entrepreneurship Monitor (GEM) provides a basis for comparing entrepreneurial activity, aspirations and intentions globally. The chart below shows the Total early-stage Entrepreneurial Activity (TEA). TEA is defined as

TEA = Percentage of 18-64 population who are either a nascent entrepreneur or owner-manager of a new business

The data shows that there is a gap between South Africa which is has moderate economic growth, and Brazil, India and China which have significantly higher economic growth rates in terms of Total Entrepreneurial Activity. (Curiously, Russia has high growth rates but low TEA rate). The data however suggests that South Africa may be catching up, with these high growth countries.

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