Views
4 months ago

Western Cape Business 2021

  • Text
  • Tourism
  • Renewables
  • Energy
  • Transport
  • Business
  • Investment
  • Oil
  • Gas
  • Agriculture
  • Port
  • Overview
  • Economic
  • Manufacturing
  • Nedbank
  • Provincial
  • African
  • Banking
  • Sector
  • Western
  • Cape
The 2021 edition of Western Cape Business is the 14th issue of this highly successful publication that, since its launch in 2005, has established itself as the premier business and investment guide for the Western Cape. The Western Cape has several investment and business opportunities. In addition to the regular articles providing insight into each of the key economic sectors of the province, a special feature on thriving agricultural exports gives insight into the details of what fruits and wines go where. An interview with the Port Manager of the Port of Cape Town provides more understanding of the scale of the logistics operation that is a major port. Another special feature examines the City of Cape Town as a national headquarters for the thriving asset management sector. The cover picture reflects an exciting new find of gas condensate off the south-eastern coast, a potential game-changer for the Western Cape and South African economies. This new development is covered in the overview of the oil and gas sector.

Can I spend my start-up

Can I spend my start-up capital on my business, and not on banking fees? With Absa’s Business Evolve Zero Account, I can. Introducing the Business Evolve Zero Account from Absa. It’s a game-changing business account with no monthly fees, end-to-end digital onboarding and Cashf low Manager – an accounting and business management tool that puts even novices in total control of their business’s f inances. Designed for SMEs, it’s an account that will grow with your business, starting from day one. Open your Business Evolve Zero Account today. To f ind out more, visit absa.co.za We do more so you can. That’s Africanacity. Terms and conditions apply Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7

An account that grows with your business In a move aimed at transforming the banking experience for SMEs, Absa is launching a brand-new transactional account called Business Evolve Zero. Specif ically designed for sole proprietors and start-ups, it comes with no monthly account fee. Many entrepreneurs will have tales about how challenging it is to get a new business up and running. Aside from the usual funding issues, a great deal of business owners might be specialists in their own f ields, but come up short when it comes to the f inancial management skills needed to become a successful start-up. This is a familiar story; one that Absa is about to evolve. The Absa Business Evolve Zero Account offers more than just zero monthly fees. At its heart, is a business management and accounting solution called Cashf low Manager. As an-endto-end digital offering, Cashflow Manager empowers even novices to take control of their business f inances like never before. Standard features include the ability to create cost estimates and generate invoices. Invoices will automatically be picked up when they are paid, to deliver reports on outstanding monies. Cashflow Manager delivers a bird’s eye view of your company’s f inances, and even helps proprietors to keep track of their own money versus that of the business. It also offers payroll services, further reducing an SME’s reliance on external resources. Realtime analytics and reporting can be accessed with a few clicks via Absa Online. Underscoring Absa’s commitment to providing world-class digital solutions, the Business Evolve Zero Account offers entrepreneurs the convenience of online banking, 24/7; with the added peace of mind that a banker is always available if they require human assistance. Improved analytics and insights provided by Cashf low Manager enable Absa to better support SMEs, by preemptively offering bespoke transactional, savings and credit solutions for the business. The Business Evolve Zero Account is a cost-effective pay-as-you-transact solution that offers unlimited free Absa-to-Absa debit orders and Absa-to-Absa interaccount transfers. Fees for EFTs, debit card swipes and external debit orders are low. The account comes with a debit card, a savings pocket and an investment facility called Liquidity Plus. Designed for businesses with an annual turnover of less than R5 million, the Absa Business Evolve Zero Account also simplif ies VAT, allowing entrepreneurs the ability to generate reports to assist with filing returns to the South African Revenue Service. The SME segment is a core focus area for Absa, and if the Business Evolve Zero Account is anything to go by, it seems that they’ve hit the nail on the head. More Business Evolve Accounts are in the advanced stages of development and are said to be released during the course of 2021. These new accounts will cater for the needs of bigger enterprises, laying the groundwork for businesses to have one account that evolves with their growth – starting from day one. The Business Evolve Zero Account is available on Absa Online, the Absa Banking App and at selected branches. Contact us on 0800 227 592.

Other recent publications by Global Africa Network: