News Roundup for Busy Entrepreneurs 23 April

Every week Finfind selects some of the newsworthy articles from local and international media to help keep busy entrepreneurs up to date and informed about the latest happenings in the world of SME development and SME finance. Enjoy.

How SA’s “junk” Status Impacts your Startup

April began with South Africa’s credit rating downgrade to “junk” status, meaning both existing and new funds borrowed by South Africa will become more expensive. But what impact will this have on the country’s startups?

Read more

CNBC’s interview with Vusi Thembekwayo about SA’s Junk Status

Money Maker’s, Bruce Whitfield, discusses the impact of downgrades on small to medium sized businesses and why Entrepreneur and Global Business Speaker, Vusi Thembekwayo is investing his own millions into new businesses. Read more

Shark Tank startup tell about their R200k loss due to Wrong Developers

They may have secured R400 000 from two investors on SA TV show Shark Tank last year, but Jason Newmark and Chelsea Evans learnt a hard lesson when they recently lost R200 000 on tech developers.

Read more

Cape Hosts Startupbootcamp’s Local Start-up Programme

International industry-focused accelerator group Startupbootcamp has unveiled its first Africa-based programme, to be run in Cape Town. With 18 programmes across 13 countries, Startupbootcamp says it sees value in setting up a footprint in Africa.

Read more

African Startups can Thrive in Informal Markets

African tech startups can thrive by finding solutions that work for informal markets, yet most are continuing to ignore the opportunities in this space.

Read more

Two out of five London SMEs have been Turned Down for Business Finance

A lack of understanding around business and finance terminology, coupled with a higher likelihood than other SMEs across the country to be turned down for finance, could be hampering the growth of London small businesses.

Read more

Financial Services Jump into new Fintech

The majority of global banks, insurers and investment managers intend to increase their partnerships with financial technology (fintech) companies over the next three to five years as the financial industry is getting to grips with their innovation.

Read more

Questions Over UK SME Finance scheme

An expert review has been launched into a disappointing government bank referral scheme Professor Russel Griggs has been called on to investigate why the new scheme seems to be failing to take off.

Read more