Finance

What is a good credit score rating here in South Africa?

Credit scores generally range between 300 and 850. They indicate how risky an entity is.  750+: This score is excellent and you are regarded as the ideal debtor.   720- 749: You are regarded as a safe bet. Creditors regard you as a reliable debtor. Having a very good score such as this will undoubtedly lead…
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Finance

Why is it important to start saving?

Saving money is an ideal way for individuals to secure themselves financially. By having funds stored away, individuals have a healthy nest egg that may help them build wealth.  Here’s why it is important to start saving:  Enables financial independence  Being financially independent means that you can start your own business or…
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Finance

Creditworthiness examples

This is the likelihood of ability or non-ability to repay debts. It’s a determinant of how much credit you will be extended as an individual or company.  Creditworthiness is important because it can prevent credit being extended to the wrong customer. For lending institutions, they will be better able…
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Finance

How can I start a business with very little capital?.

Cash flow is everything in any business, so it’s vital to have a clear understanding of how to increase and manage it.  When you start a business with very little capital, it works particularly well if overheads are low. It’s even more vital to manage the little money that the business does have. A…
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Finance

8 Musts to start your business with little to no capital

Starting your business is never the simplest thing. Having insufficient capital may potentially derail many individuals from their plans to embark on the challenging entrepreneurship journey, but this doesn’t have to be the case.  When you start your business with little to no capital, you have to find creative ways to succeed. It’s key to…
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