Old Mutual Spearheads Efforts to Boost Small Business Growth in South Africa

Old Mutual‘s focus on supporting small businesses in South Africa takes center stage in a recent discussion. Nobesuthu Ndlovu, director of SME at Old Mutual, joins host Mudiwa Gavaza to shed light on initiatives to drive growth, profitability, and sustainability in the country.

Ndlovu’s unit at Old Mutual specializes in providing tailored assistance to small business owners, offering services ranging from budgeting to administrative tasks like invoicing and bookkeeping.

Entrepreneur Ndlovu underscores the challenges faced by SMEs in South Africa. Despite access to funding being a prevalent issue, many business owners primarily seek a stable customer base to ensure success.

Key points of the discussion encompass the hurdles hindering small businesses, strategies to propel SME growth and profitability, and the importance of bolstering SMEs owned by marginalized groups.