In one business day in South Africa…

by | Dec 5, 2017 | Marketing your business, Resources and tips

We pride ourselves as one of a new breed of digital-first fintech companies designed from the ground up to support South African SMEs. We’ve spent countless hours refining our scoring technology to ensure we can provide quick, easy short-term funding through a convenient online interface. In some cases, we are able to provide approval on a loan application within a single day – a far cry from the three-month wait most traditional lenders demand.

That got us thinking: what happens in a typical business day? What are some of the main business activities that play out in the time it takes us to process and approve a loan application?

Here are some of the amazing things that take place on an average working day:

  • 8 million people get ready for work at 650 000 SMEs across the country
  • 683 new SMEs are established
  • 868 new SME jobs are created
  • R11 billion in economic value is created
  • 15 million minibus commuter trips take place
  • 6 million people order coffee from an independent coffee shop
  • R101 million is spent on online transactions
  • 8 billion emails are sent and received

See our infographics for more amazing stats

 

Odette Bester

Digital Marketing Manager

Passionately interested in digital marketing and helping businesses focus on building a strong digital strategy through a well rounded and strategic inbound and outbound marketing approach.

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