New research reveals South African small businesses are at risk of being left behind if they don’t adopt new technologies.
The research from accounting software firm Xero, conducted in partnership with World Wide Worx (WWW) shows that over half (52%) of small businesses admit that they are only just keeping up with technology adoption, while a further 45% acknowledge that they could be doing more.
The research, represents the opinions of 400 small business owners and the findings reveal many small businesses are still holding on to old technologies – a large portion (83%) of the businesses questioned are still using Excel spreadsheets, while almost three quarters (73%) are still printing invoices. This demonstrates a distinct lack of awareness concerning the benefits that newer technology can bring.
While small businesses are open to new technologies, the findings demonstrate that poor internet connectivity holds them back. Almost half (41%) of entrepreneurs cited maintaining a stable connection in their workplace as a key challenge.
The research reveals that the portion of small businesses that already use new technologies like the cloud (44%), report significant benefits. Of those that use cloud technology, 70% say the main benefit is time savings – with almost half (48%) stating to have claimed back more than ten hours per week. A further 52% also assert that cloud technology has saved them money.
Speaking of the results, Colin Timmis, South Africa Head of Accounting, Xero comments: “With economic volatility, it’s been an uncertain time for South Africa’s small business community. The entrepreneurs surveyed in our report demonstrate a strong awareness of the new tools available to them, and many are actively working to incorporate them into day-to-day working life. While it’s certainly encouraging that 58% of SMEs included cloud technology it in their business plans for the coming year, failing to adopt the right technologies, risks them being left behind.”
It is significant given that small and medium-sized enterprises (SMEs) currently comprise 91% of businesses in South Africa, and employ 60% of the country’s labour force – contributing 36% of the overall GDP, according to The Banking Association South Africa.
Other key findings from the research reveal:
- 63% of businesses admit that reviewing their existing technology setup is a high or medium priority.
- Excel spreadsheets are predominantly used for accounting (68%), office management (56%), and financial planning (49%).
- Poor or unreliable connectivity is a bugbear for many businesses: 66% indicate severe issues for 1-3 days every month, and 29% struggle for 5-10 days.
- The main consequences of poor internet connectivity are lost time (56%) and frustrated employees (26%).
Win a Poster Heater with Gadget and Takealot.com
This winter Gadget and Takealot.com are giving away three Poster Heaters, which look like posters but become heaters when you plug them in.
Three Gadget readers will each win a unit, valued at R550 each. To enter, follow @GadgetZA and @Takealot on Twitter and tell us on the @GadgetZA account how many Watts the heater consumes.
What’s the big deal about these heaters? Many of us are struggling to keep the balance between soaring electricity costs and the need to keep warm this winter.
However, the recently launched Poster Heater by EasyHeat and distributed in South Africa by Takealot.com is not only one of the most cost effective electric heaters currently on the market, it is also easy to setup and use.
As the name indicates, it is a poster similar to one you would hang on a wall. But, plug it in and it turns into a 300 Watt heater. The Poster Heater isn’t designed to heat hallways or large rooms, but rather smaller ones like a bedroom or a baby’s nursery or a dressing room.
It uses radiant heating, which means that it heats up in a couple of minutes and the heat is directed at the objects or people around it, quickly taking the chill out of the air and providing a comfortable ambient temperature.
The other advantage of radiant heating is that it doesn’t dry out the air like infrared or gas heaters. Users also don’t have to worry about their children or pets getting too close to it because, even though it gets hot, it can be touched.
To enter the competition follow the steps below:
Competition entry details:
3. The competition closes on 31 July 2018.
4. Winners will be notified via Twitter on 1 August and Takealot.com will be in touch to organise delivery.
5. The competition is only open to South African residents.
Deezer to host Hotstix’s Mandela tribute playlist
Deezer is celebrating Nelson Mandela on the centenary of his birthday by hosting a tribute playlist created by music legend Sipho “Hotstix” Mabuse.
Mabuse, a legendary figure in African music, first rose to prominence in the 1970s with his band Harari and later developed a name for himself as a solo artist. One of his best known songs was the global hit BurnOut in the 1980s.
The playlist takes the listener on a captivating musical journey through the life of Nelson Mandela. It was compiled by Mabuse, who consulted with Mandela’s family and friends to ensure that the music would be relevant and accurate. The playlist also features commentary by Mabuse, which was recorded in his Soweto home.
“I have tried to tell the story of the music that Madiba loved,” says Mabuse. “The Playlist excludes the time in prison obviously, as Madiba would not have had exposure to music in that time. We have focused on the music we know he loved before and after that period. This recording was really an emotional journey for me, but an incredible opportunity to document these memories.”
The playlist features the music the young Mandela loved, such as The Manhattan Brothers, Solomon Linda, Brenda Fassie and Miriam Makeba. It includes struggle songs from Chicco, Johnny Clegg, Hugh Masekela and Yvonne Chaka Chaka. The playlist also includes Mandela by Zahara, one of the younger artists who caught Madiba’s ear.
Mabuse also offers stories of his own songs, such as Shikisha, a song greatly beloved by the former President.
“I was delighted to share my thoughts and hope the listeners enjoyed the musical journey,” says Mabuse. “Madiba did enjoy music immensely and we all have a purpose wherever we are in the world to celebrate culture and to learn from different cultures and music forms and styles.”
This playlist was inspired by the Nelson Mandela 100 campaign, calling on corporates and individuals to act as sources of inspiration and engage in conversation and action.