A business, also known as an enterprise, agency or a firm, is an entity involved in the provision of goods and/or services to consumers. Businesses are prevalent in capitalisteconomies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social not-for-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives. A business owned by multiple individuals may be formed as an incorporated company or jointly organised as a partnership. Countries have different laws that may ascribe different rights to the various business entities.
Business can refer to a particular organization or to an entire market sector, e.g. "the music business". Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit.
The country urgently needs to move away from the current zero-sum approach, where empowerment cannot be conceived of without sacrifices on the part of business and investors ... To date business has not been bold enough to champion such alternatives in public, even though it concedes the merits in private.
IN JULY, the Covid-19 Loan Guarantee Scheme, which was supposed to provide financial relief to businesses, came to an end ... Businesses would then be required to repay the loan over five years ... The Banking AssociationSouth Africa (Basa) has said the scheme succeeded in helping business enterprises that qualified to stay operational and saved jobs.
South Africa recently witnessed civil unrest that led to the destruction of infrastructure, looting, and violence that severely impacted many small and medium businesses and informal traders in parts of KwaZulu-Natal and Gauteng...TelkomBusiness customers ... They will support 20 businesses with 100GB of data over 6 months.
... areas at a rapid pace, understanding the enormous potential that the ‘mass economy’ represented.”RESEARCH organisation TradeIntelligence says many informal businesses, particularly spaza shops in Gauteng and KwaZulu-Natal may not bounce back from the impact of the July unrest.
</p> He never won a South African title but went in against some of the best fighters in the division and captured the Natal lightweight title which was well recognised at the time ... </p> Gary ran his own plastering business for years before working for the Durban Corporation.
“Add on to this the hurdles being faced on the road to economic recovery, which has weighed on the sentiment, notably the recent unrest seen in KwaZulu-Natal and Gauteng, which disrupted business activity at a time when the economy is already in the doldrums that’s been further exacerbated by the Covid pandemic,” said Siweya.
We have seen and experienced several recent events that upset the apple cart for small and medium business (SME) owners, such as the onset of the pandemic last year, and the July unrest in Gauteng and KwaZulu-Natal ... However, with the advent of automation and robotics, big business is no longer the engine room of job creation ... BUSINESS REPORT ONLINE .
... hospitality sector that have seen a massive decline in their business ... We continue to implement measures to assist households, employees and businesses that have been affected by the pandemic and by the public violence that occurred in parts of KwaZulu-Natal and Gauteng in July.
LENDER Nedbank says its ‘Together, Beke le Beke’ initiative will see micro-entrepreneurs and small businesses, many of whom were hardest hit by the pandemic and the unrest that impacted parts of KwaZulu-Natal and Gauteng, receive support in the form of funding, mentorship, and guidance on essential business skills ... BUSINESS REPORT .
OPINION. Africa’s governing elites should implement effective governance and tackle the root causes of conflict – inequality and poverty, writes Adeoye O Akinola... More than 40 000 businesses, and 300 banks and post offices were destroyed, 300 lives were lost in KwaZulu-Natal and Gauteng ... However, some of the conflict areas remain volatile ... .
SA’s recovery in business confidence was thrown off course in the third quarter in the wake of rioting, harder lockdown restrictions and transport disruptions due to a cyberattack on SA’s port systems. ...Business confidence is an important ingredient for much needed fixed investment, which helps spur job creation and economic growth.
Economists said despite the gains made over the last four quarters, the economy is 1.4 percent smaller than what it was before the Covid-19 pandemic, implying that the impact of the wave of severe business disruption, protest action and violence in KwaZulu-Natal and Gauteng which ...
The economic ravages of Covid-19 and, more recently, the protests and looting in KwaZulu-Natal and Gauteng — especially the extensive damaged suffered by many businesses — further deepen the vulnerability of small and black-owned businesses that otherwise do not have many funding options.