Carlos Batista’s Post

Understand the major cash flow challenges faced by SMMEs in South Africa. Discover key issues such as late payments, limited access to financing, high credit costs, cash flow management struggles, and economic instability. Learn how invoice financing can provide effective solutions. Visit www.cash-flow.systems for more information.

📉 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐚𝐣𝐨𝐫 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐟𝐨𝐫 𝐒𝐌𝐌𝐄𝐬 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 📉 Cash flow management is a critical issue for small and medium enterprises (SMMEs) in South Africa. Many businesses struggle with maintaining a healthy cash flow due to various challenges: 🔹 𝐋𝐚𝐭𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: 68% of SMMEs report experiencing delays in receiving payments from clients, with an average payment delay of 90 days. 🔹 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠: Only 38% of SMMEs have access to traditional bank financing, often facing high rejection rates due to lack of collateral and poor credit history. 🔹 𝐇𝐢𝐠𝐡 𝐂𝐨𝐬𝐭 𝐨𝐟 𝐂𝐫𝐞𝐝𝐢𝐭: Interest rates for SMME loans can be as high as 28%, which erodes profit margins and stifles growth. 🔹 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐬𝐬𝐮𝐞𝐬: 72% of SMMEs struggle with effective cash flow management, often due to lack of financial literacy and inadequate tools. 🔹 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐈𝐧𝐬𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲: 45% of SMMEs cite economic instability as a major challenge, as market volatility and economic downturns disproportionately affect small businesses. 📊 Understanding these challenges is the first step towards finding effective solutions. Over the next 30 days, we'll dive deeper into these issues and explore how invoice financing can help overcome them. 👉 Visit www.cash-flow.systems for solutions to improve your business's cash flow!

National Bank of Angola Sets Ambitious Goals for Financial Inclusion by 2028 The National Bank of Angola (BNA) has set ambitious targets for achieving a 75 percent rate of financial inclusion by 2028, as outlined in its latest bimonthly Financial Stability report released in late June. According to the report, the BNA has prioritized several initiatives aimed at bolstering financial inclusion, with microcredit and other non-bank financial instruments playing a pivotal role. Microcredit, governed by current legislation such as Law no. 14/21, is defined as small-value loans... Read more on the link below https://lnkd.in/g4JBQy4v

Access Holdings Plc, a premier financial services group in Africa, has reported impressive unaudited financial results for Q3 2024, showcasing substantial growth across key metrics. The group’s gross revenue surged by 114.5% year-on-year to ₦3.4 trillion, driven by both interest income, which contributed ₦2.4 trillion, and non-interest income, which increased 87.2% to ₦1.0 trillion. https://lnkd.in/d7TNSgcX Government of Nigeria Central Bank of Nigeria Federal Inland Revenue Service (FIRS) FEDERAL MINISTRY OF FINANCE, BUDGET & NATIONAL PLANNING NIGERIA Access Bank Plc First Bank of Nigeria Ltd. Guaranty Trust UNITED BANK FOR AFRICA

Building a financial services company, regardless of whether you're seeking 10,000 Rand or a million, comes with its challenges—one of the biggest being the high cash burn rate. In the world of financial services, this burn rate is particularly steep because the sector relies heavily on highly skilled professionals who develop, maintain, and sell complex technology solutions. These guys are in high demand and earn quite steep salaries, which means that keeping such an operation afloat requires a steady influx of capital. The irony isn't lost on us: As they say, “You need a bank to start a bank,” but good luck getting one to back you—they probably don't exactly want to fund their future competition! It's a complex, capital-intensive game being played (what have I got myself into 😂), but one that's essential for pushing the boundaries of what's possible in financial services here in Africa.

Africa Finance Corporation (AFC) said it acted as global coordinator, lead co-arranger, underwriter, Bookrunners, and guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI). https://lnkd.in/eG4DUhWi Bank of Industry Limited Africa Finance Corporation #SyndicatedFacility

[Nigeria's Financial Landscape and the Value of CFI Courses] Nigeria's financial landscape is dynamic, characterized by a robust banking sector and a growing economy. Gaining . . . https://lnkd.in/dZUFtJ5w

Kenya’s financial sector is evolving fast, and Jijenge Credit Limited is leading the way! 🌟 With a 79% approval rating from a recent Kenyatrack study, Jijenge stands out as the most preferred credit-only microfinance institution in the country. Discover how Jijenge is setting the standard for innovation and reliability in Kenya's financial landscape. Read More; https://bit.ly/3CJOapP #FinancialGrowth #JijengeCredit #MicrofinanceKenya

ABSA's Financial Markets Index 2024 sheds light on the critical role of financial transparency and regulatory environments in fostering economic growth and investment. Pillar 3, which focuses on Market Transparency, Tax, and Regulatory Environment, is particularly significant as it underscores the importance of creating a trustworthy and efficient financial ecosystem. The emphasis on #creditratings is well-placed, as they serve as a key tool for investors to assess the creditworthiness of sovereigns and corporates. By providing detailed analyses, credit ratings reduce information asymmetry, enhance market confidence, and attract both local and foreign investment. This is especially crucial for emerging markets like Uganda, where transparency and regulatory clarity can significantly influence investor decisions. The recognition of #ICRARatingAgencyLtd for its efforts in promoting financial transparency in Uganda is a testament to the growing importance of credit rating agencies in the region. Their work not only helps investors make informed decisions but also encourages corporates and governments to adopt better financial practices, ultimately contributing to a more robust and transparent financial market. This development aligns with global trends where financial transparency and regulatory efficiency are increasingly seen as pillars of economic competitiveness. Uganda’s focus on improving these areas, as highlighted in the ABSA Index, is a positive step toward enhancing its attractiveness as an investment destination. #CreditRating #FinancialTransparency #ICRA #ABSAIndex2024 #UgandaFinance.

Here is the continuation of Financial literacy 2.0. The Decision-Making Process, Apply decision‐making strategies. Credit Africa continue to exploring the topic of financial literacy decision-making and its applications in personal and community financial scenarios. The Decision-Making Process is a crucial aspect of financial literacy, and it involves several key steps: 1. Identifying goals and objectives 2. Gathering relevant information 3. Weighing options and considering alternatives 4. Making a decision 5. Implementing and monitoring the decision Some effective decision-making strategies that can be applied to personal and community financial scenarios include: 1. Cost-benefit analysis 2. Risk assessment and management 3. Prioritization and budgeting 4. Diversification and hedging 5. Long-term thinking and planning By applying these strategies, individuals and communities can make informed financial decisions that promote financial stability, security, and prosperity. Together we moved, Credit Africa is not leaving one behind. Seamless Banking Transforming Africa #creditafrica #seamlessbanking #transformingafrica #digitalbanking #fintech #mobilebanking #worldbank #africadevelopmentbank