Microsoft launches new platform to facilitate South African SMEs' access to finance

Nov 15, 2013

Microsoft has launched an online business platform for South African small and medium-sized enterprises (SMEs), offering entrepreneurs access to a range of free products and services in finance, insurance, accounting, legal and marketing.

Microsoft has launched an online business platform for South African small and medium-sized enterprises (SMEs), offering entrepreneurs access to a range of free products and services in finance, insurance, accounting, legal and marketing.

The Biz4Afrika platform - created in partnership with Vodacom, the National Small Business Chamber and the Small Business Development Agency - also allows them to connect with existing ecommerce marketplaces where they can sell their products.

Microsoft’s Chief Operating Officer Kevin Turner said the hub is designed to help more SMEs benefit from modern IT in a bid to improve their overall competitiveness.

Microsoft South Africa’s MD Mteto Nyati added that the research underlined the company’s belief that the best way of addressing unemployment in Africa was by creating small businesses.


"By doing this, we’re supporting government’s national priorities of creating jobs, growing skills and giving people meaningful work, while investing in local communities to help remove some of the systematic barriers that hold SMEs back," he said, quoted by Ventures Africa.

Of a total of 906 700 firms operating in South Africa, large enterprises constitute only 6 000 in number, or 0.7 per cent of the total. The remainder is made up of SMEs, according to figures from the South African Treasury.ADNFCR-2976-ID-801660991-ADNFCR