Joining Teboho Mafodi in studio this week are two entrepreneurs who are running successful businesses, but who also know the frustration of failing all too well. Ego Iwegbu is an entrepreneur and author who runs a highly successful nail boutique and cosmetic range. Maite Motsepe-Maponya is an artist and the owner of an African inspired home décor company. They discuss some of the lessons you can learn from failing, and how best to get back up. Legendary entrepreneur Reabetswe Motsepe, and pastor and entrepreneur Bruce Msidi (who is visiting SA from Zambia) also join the show.

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Stats SA has published its latest Quarterly Labour Force Survey results for the third quarter of the year, showing that South Africa’s unemployment rate increased marginally to 27.5%.

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Transformation in South African business is a prominent topic of discussion amongst today’s industry leaders. It is undeniable – since 1994, progress has been slower than expected. According to Lebogang Tsele from SME South Africa, black business ownership in the tourism sector (one of the most transformed sectors in the South African economy) is at 20%, with management control at 50%. However in the creative industry, which includes marketing and advertising the figures are significantly lower. Our guests today are Busi Selesho, Surie Ramasary and Xolani Qubeka.

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Considering South Africa’s economic conditions, it is not surprising that some entrepreneurs start businesses due to lack of employment and on the other end female entrepreneurs are growing in numbers, but without access to appropriate funding many start-ups will find it difficult to grow their businesses. Our guests today will be highlighting challenges faced by SMEs, the available opportunities and how SMEs can access them.

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As Africa continues its recovery from the 2014 commodity price slump, concerns are emerging that unsustainable debt poses the next great risk to the continent. According to Brookings, the median debt-to-GDP ratio in Africa has increased dramatically in recent years, jumping from 34 percent in 2013 to over 53 percent in 2017. Debt levels now exceed 50 percent in 25 of the region’s 45 countries, compared to just 11 in 2013. Adetunji Omotola and Bryan Hattingh share their experiences about operating their businesses in Africa, and some of the challenges they have identified.

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Recognising and overcoming the common pitfalls associated with growth is essential if your business is to continue to grow and thrive. Crucially, you need to ensure that the steps you take today don’t themselves create additional problems for the future. Effective leadership will help you make the most of the opportunities, creating sustainable growth for the future.

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Are we free as business people or citizens… or are we captured by Capitalism? Most African countries were colonised by pushing business interests, thus they are still captured to date.

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For years, the terms “business model” and “marketing strategy” were cut-and-dried subjects. Both company and customer knew what to expect, and the process from touchpoint to sale could drag on for ages. In this linear approach to marketing, companies expected a lengthy time to reach a sale, all but leaving their business to chance, in the hands of a customer who may or may not have all the information they need to make a purchase. Learn how digital marketing has evolved over time and the new ways of marketing for your business.

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According to the latest Women in Business report, only 28% of senior management roles in South Africa are held by women. Furthermore, the report indicates that almost 31% of SA companies have no women at all in senior management positions. Teboho Mafodi and Bulelani Balabala talk about women in leadership and they are joined by Nthabiseng Phoshoko, Lebo Ramokhoa, Mathabo Tebello Mathebule, Nelisiwe Masango, and Zi Hatting.

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Companies who successfully implement a customer experience strategy achieve higher customer satisfaction rates, reduced customer churn, and increased revenues. For Women’s Month, the female entrepreneurs we have in studio have excelled in their businesses to satisfy their customers in their service offering.

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