Overcoming Cashflow Crisis

“If your business is a South African SMME (small, medium, micro-sized enterprise) struggling with cash flow problems as a result of mainstream banks stringent lending criteria or if your business lacks working capital then we at Tebfin, could be your answer,” says  CEO, Tebogo Mogashoa.

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Tebfin is a 100% black-owned company and a market leader in South African SMME financing. They provide cash to businesses operating from market sectors as broadly as construction to other companies within the supply and delivery of goods and services.

Tebfin’s products and services include Invoice Discounting, Debt Factoring Solutions, Asset-Based Finance and Supply Chain Finance.

Tebfin’s flagship offering is ‘Invoice Discounting’ which is a form of short-term borrowing that improves their client’s cash flow.

Mogashoa explains that “Invoice Discounting allows a business to draw money against its sales invoices before their customers have actually paid. To do this, the business borrows a percentage of the value of its sales ledger from Tebfin, effectively using their unpaid sales invoices as collateral for the borrowing.

In effect, this model operates on a project basis and Tebfin’s client’s credit sales and accounts receivable are converted into cash.  Tebfin offers a very quick turnaround time of approximately three work days as opposed to the industry standard of 30 or more days.”

Mogashoa says that “Tebfin’s Asset-Based Finance solutions are in simple terms, lending secured by an asset.  We commonly lend to businesses and corporations using assets not normally used in other loans. Typically, these loans are tied to inventory, accounts receivable, machinery and equipment.

Examples of this are our clients who service the public sector.  In this market, government and public entities procure goods and services on a rental basis and we enable our clients to finance the cost of leased equipment from internal resources or their own balance sheet.

If neither of these suits a potential or existing client then there is also cash made available in the form of ‘material acquisition’ on behalf of the SMME –

We have a professional procurement team who get the right materials at the right price, which results in early settlement discounts or a discount given for cash.  This translates into customers meeting project deadlines without the burden of raising capital.”

Part of Tebfin’s winning formula is has proved to be their outstanding business ethic and the timeous manner in which we settle creditors.

“Our successful track record is an enabler for our clients, whether start-ups or medium sized enterprises to become profitable companies and in turn employ others and so contribute to the stimulation of the South African economy ” says Mogoshoa proudly.

The case for CSR and Traditional Branding

Levi HIV
Brand a marketing program effectively to increase profitability

I am a leading businessman in South Africa and own numerous companies here.  I’m constantly looking for innovative ways to grow my business but at the same time capture the loyalty and imagination of people in and outside of our existing sphere of influence.  I was recently reading a fascinating case study on Levi Strauss and their Corporate Social Responsibility and did further investigation on their operations in South Africa.

I found myself greatly inspired.

Continue reading The case for CSR and Traditional Branding

Corporate Social Responsibility – Seek the Opportunity

I recently came across a study by the public relations and marketing firm Cone Communications and Echo Research which revealed that “corporate social responsibility (CSR) is now a reputational imperative, with more than 90 percent of shoppers worldwide likely to switch to brands that support a good cause, given similar price and quality.

Continue reading Corporate Social Responsibility – Seek the Opportunity

The Rise of Corporate Brand Nation

Today I’m discussing the nature of the deep reform that I believe business must lead—nothing less than revamping the entire culture of an organization from ‘short term capitalism to long-term capitalism’. This changes the fundamental ways we manage, and lead corporations as enablers of ‘Corporate Brand Nations’.  And this in turn changes how we view business’s value and its role in society.

Continue reading The Rise of Corporate Brand Nation