Telecoms in South Africa
Telkom is Now Offering Small Business Funding Up to R5-Million
Telkom Business has announced today the launch of Telkom Lend, a new service to enable small businesses to apply online for funding and get an answer within 24 hours. Telkom says that Telkom Lend is an end-to-end digital process means no paperwork, no long queues and no waiting for a response from a financial institution. This marks a further fintech option by the South African telecom. “Business funding from Telkom Lend will ensure that small businesses are able to scale and grow with fast funding without the need to put up any collateral,” says Sibusiso Ngwenya, ME, Telkom Financial Services. “This also means that businesses take control of their payments. With funding offers ranging from R20,000 ($1,200) to R5-million ($300,000) depending on monthly turnover, funding can be paid back ov...
Is South Africa Capable of Managing its own Telecoms Infrastructure?
If South Africa has the local talent and resources to construct, maintain and manage the country’s telecommunications infrastructure, why doesn’t it do so? asks Victor Stephanopoli, chairman at MzansiSat. He says South Africa needs to harness the resources and assets it already has on its shores to boost its telecommunications infrastructure rather than outsourcing to foreign players. “South Africa has the technology, expertise and persistence to address complex issues. The country would do well to harness the creativity and flexibility of its small to medium enterprise (SME) sector to find solutions to its telecoms challenges.” “South Africa could take a leaf from Germany’s Mittelstand model and position itself as a successful nation going forward by recognising good, specialised and mid-...
