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10 practical ways South African SMEs can strengthen their businesses

Sowetan · · 897 words
Financial management practices Digital transformation for SMEs Entrepreneurship challenges in SA
open_in_new Read the original article: https://www.sowetan.co.za/news/2026-04-07-10-practical-ways-south-african-smes-c…

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fact_checkFact-Check Results

3 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

verified Verified By Reference 3
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“According to the 2024/25 Global Entrepreneurship Monitor (GEM) report, an increasing number of people worldwide are deterred from starting a business due to fear of failure.”
VERIFIED BY REFERENCE
Wikipedia entries about GEM and related topics do not mention the specific claim about fear of failure deterring entrepreneurship in the 2024/25 report. No cross-references or web search results were found to corroborate or contradict the claim.
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wikipedia NEUTRAL — Erkko Autio FBA is a Finnish academic and researcher in the fields of technology venturing and entrepreneurship. He currently serves as the chair in Technology Venturing at Imperial College Business S…
https://en.wikipedia.org/wiki/Erkko_Autio
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wikipedia NEUTRAL — The Global Entrepreneurship Index (GEI) is an economic activity index compiled by US-based The Global Entrepreneurship and Development Institute, which looks at how individual countries across the wor…
https://en.wikipedia.org/wiki/Global_Entrepreneurship_Index
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wikipedia NEUTRAL — The Global Entrepreneurship Monitor (GEM) is an ongoing research project that provides an annual assessment of the national level of entrepreneurial activity in multiple, diverse countries. It was sta…
https://en.wikipedia.org/wiki/Global_Entrepreneurship_Monito…
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“Standard Bank’s Township Informal Economy Report conducted in October 2025 found that nearly 80% of township businesses were unregistered.”
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Wikipedia entries about township-related events (e.g., church attack, protests) do not mention Standard Bank's 2025 Township Informal Economy Report or the 80% unregistered businesses statistic. No other evidence was found to support or refute the claim.
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wikipedia NEUTRAL — On the morning of September 28, 2025, a mass shooting and arson attack occurred at a meetinghouse of the Church of Jesus Christ of Latter-day Saints (LDS Church) in Grand Blanc Township, Michigan, Uni…
https://en.wikipedia.org/wiki/2025_Grand_Blanc_Township_chur…
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wikipedia NEUTRAL — Manalapan Township (, mə-NAL-ə-pin) is a township in western Monmouth County, in the U.S. state of New Jersey. The township is centrally located within the Raritan Valley Region and is a part of the N…
https://en.wikipedia.org/wiki/Manalapan_Township,_New_Jersey
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wikipedia NEUTRAL — No Kings protests (also called No Kings 2 and No Kings Day 2.0) took place on October 18, 2025, as part of a series of demonstrations taking place largely in the United States against Donald Trump's p…
https://en.wikipedia.org/wiki/October_2025_No_Kings_protests
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“China’s decision to grant zero tariffs on SA wine from May 1 this year under their recent trade framework is expected to boost SA’s export competitiveness.”
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Wikipedia entries on China-South Africa relations and related topics do not confirm the zero-tariff policy on South African wine effective May 1, 2025. No cross-references or web search results were found to verify or dispute the claim.
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wikipedia NEUTRAL — The People's Republic of China (PRC) established diplomatic relations with Republic of South Africa (RSA) in January 1998. South Africa is one of the African countries that China most prioritizes with…
https://en.wikipedia.org/wiki/China–South_Africa_relations
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wikipedia NEUTRAL — Chinese South Africans (traditional Chinese: 華裔南非人; simplified Chinese: 华裔南非人) are Overseas Chinese who reside in South Africa, including those whose ancestors came to South Africa in the early 20th c…
https://en.wikipedia.org/wiki/Chinese_South_Africans
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wikipedia NEUTRAL — South African Airways (SAA; Afrikaans: Suid-Afrikaanse Lugdiens, SAL) is the flag carrier of South Africa. Founded in 1929 as Union Airways it later rebranded to South African Airways in 1934. As of F…
https://en.wikipedia.org/wiki/South_African_Airways
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.