Recent research has revealed that getting paid on time is the number one financial challenge for half of South African SMEs. However, the research also revealed that they are better off than their UK counterparts.
Xero research recently revealed that getting paid on time is the number one financial challenge for half of South Africa’s small business owners. However, a comparison has discovered that South Africa’s small businesses are still better off than their UK counterparts:
- South African small businesses spend 6 percent of their working day chasing payments, compared to 10 percent for UK businesses.
- The average invoice is paid 10 days late in South Africa, and 14 days in the UK.
- The worst affected South African sector is healthcare, where small businesses spend 2.6 days a month chasing invoices. In the UK, the worst-off sector
- is human resources at 3 days a month.
- In South Africa, small businesses hold late payments responsible for cash flow issues (32%) and reduced morale (18%), whilst in the UK the main effects
- are deemed to be a reduction in productivity (37%) and a loss of money (25%).
- South African and UK businesses agree on the main culprits of late payments: that customers are also waiting for payments themselves, and a lack of consistency on payment terms.
Gary Turner, managing director EMEA at Xero comments, “It is encouraging that the late payments situation in South Africa is better than the UK, however it still far from ideal. Business owners can’t afford to rest on their laurels. With the right tools and education, we could wipe out late payments completely – and that’s what we should be aiming for.”
To assist South Africa’s small businesses, Xero has launched the chasingpayments.co.za platform, with helpful advice, tips and tools that will help improve cash flow and end problems associated with late payments.
CES: So long, and thanks for all the beer!
Last week, the Las Vegas expo showed off its fun side with state-of-the-art technologies for enjoying beer, writes BRYAN TURNER
From craft beer-making machines to robots that pour beer, CES had more beer than usual in Las Vegas last week. And even free beer if you found the right stand. Stampede’s saloon-style booth offered beer to visitors who tried out its latest drones, virtual reality, and other gaming products. No beer tech, though.
Here are some of the beer technologies that stood out:
LG HomeBrew – Craft beer made at home
LG’s HomeBrew craft beer-making machine, debuted at CES 2019, brings the brewing process home thanks to single-use capsules, a self-cleaning feature, and an algorithm optimised for fermentation.
Like a Nespresso coffee machine, the beer maker uses capsules, which contain malt, yeast, hop oil and flavouring. At the press of a button, LG HomeBrew automates the whole procedure from fermentation and carbonation to ageing. A companion app lets users check HomeBrew’s status at any time during the process, from their handsets.
The beer machine not only offers a simple way to make craft
Designed with discerning beer lovers in mind, HomeBrew allows for in-home production of batches of more than 4 litres of beer in a variety of styles. The following five distinctive, flavoured beers are available now:
- Hoppy American IPA
- Golden American Pale Ale
- Full-bodied English Stout
- Zesty Belgian-style Witbier
- Dry Czech Pilsner
The only catch? It takes about two weeks to make, depending on the beer type.
“LG HomeBrew is the culmination of years of home appliance and water purification technologies that we’ve developed over the decades,” said Dan Song, president of LG Electronics Home Appliance & Air Solutions Company. “Homebrewing has grown at an explosive pace, but there are still many beer lovers who haven’t taken the jump because of the barriers to entry, like complexity, and these are the consumers we think will be attracted to LG HomeBrew.”
Click here to read about the party speaker that holds beer and robots that pour beer.
CES: Alienware gets Legend-ary
At CES in Las Vegas last week, Dell’s Alienware released a family of high-end, thin, light, and affordable machines for both amateur and professional gamers – and a new identity.
Alienware marked CES 2019 as a brand milestone with the debut of a new design identity, Alienware Legend. It aims to set a new bar of excellence for what gamers want most – performance and function. Alienware says it evaluated multiple concepts and chose one that was the biggest and boldest departure from its current look.
Alienware Legend, says the company, stays true to the brand’s core design tenets, taking cues from its deep roots in sci-fi culture and its early industrial designs, to distinguish the brand from the rest of the industry. The new Legend design is optimised with cutting-edge thermal cooling technology to achieve and sustain overclocking power, improved AlienFX lighting, and ultra-thin screen borders. It also unveiled a new “three-knuckle hinge” design that reduces the overall dimension while creating a stronger assembly, all combining to yield a better gaming experience.
“We’re excited to come to this year’s CES with some truly groundbreaking products, next-gen software and strategic partnerships that will bring more people to experience PC gaming and advance the industry,” said Frank Azor, vice president and general manager of Alienware. “The legend design answers the call for more and better from our gaming community, and the new G Series laptops will make PC gaming even more accessible to those looking for high-performance gaming at a cost they can appreciate.”
Click here to read about Alienware Legend in action with the Area-51m and m-series laptops