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R100 Million in Capital for SMEs to Get South Africa Working

R100 Million in Capital for SMEs to Get South Africa Working

Johannesburg, 1 June 2020 – Today, ProfitShare Partners, in partnership with award-winning local community radio station Hot 91.9 FM  and the all-new getlion’ mobile app launches an exciting year-long initiative designed to get small businesses working and creating jobs. The all-new ‘getlion’ mobile app is designed to support SMEs in managing and growing their businesses, and ProfitShare Partners, the disruptive Fintech provider, will invest R100 million in capital to support SMEs to deliver on their contracts this year. The sweetener is a prize of R1 million for the small business that has created the most net jobs during the period of the campaign from 1 June 2020 to 31 May 2021.

The Get South Africa Working campaign is an initiative that was introduced by ProfitShare Partners’ founder and CEO, Andrew Maren to help small and medium sized businesses create jobs and to keep them going, and this has become even more relevant now during these challenging times.

“This is an initiative to help boost our economy by accelerating SME business growth and development. With our high unemployment rate and the steep rise in job losses over the past few months, we want to encourage entrepreneurship and assist small business owners in need of capital to start or get going. Unfortunately, many of these businesses do not have the financials, security or track record and are turned away by the banks. How do you develop this track record or get a set of financials if you cannot access capital? Our model is to provide this capital to get them going so they can get a track record, cash in the bank and ultimately, financials so that they can graduate to getting capital from traditional funders such as banks,” says Maren.

 SMEs and entrepreneurs have the power to change the status quo, especially in challenging times. Starting today, 1 June 2020, the Get South Africa Working initiative will be providing up to R10 million in capital to SMEs per month to grow by partnering with them on their contracts or valid purchase orders that they have or are trying to get with large corporates and certain Government Departments.

 To enter, SMEs and entrepreneurs must download the ‘getlion’ mobile app, available for iOS and Android devices, to track their business performance and apply for capital support via the ProfitShare Partners website. Full details are also available on the Get SA Working website.

“The getlion app is a purpose-built platform of services, tools and resources from various industry-leading companies, all in the interest of helping small businesses grow. Through the app, business owners will be able to access the tools to make running business easier, from accounting to online sales. As the virtual partner of the Get SA Working initiative, we’re excited to contribute to small business growth and job creation through our platform,” says Mathew Marsden, Co-founder of getlion.

In the final month of this initiative, ProfitShare Partners will give a R1 million cash prize to the small business that has created the most net jobs in the period.

“The net jobs that we refer to here are permanent jobs created by the entrepreneur or small business, starting today until the end of May 2021. All information supplied will be audited and verified using our technology and reporting processes because ultimately, our aim is to assist our country in alleviating poverty by helping to create jobs and mobilise the development of SMEs,” adds Maren.

Powering this initiative as the official media partner of the Get SA Working initiative, multi award-winning, local community radio station, Hot 91.9 FM, is the proud broadcasting partner and will be running all of the latest news and announcements for the campaign.

“Hot 91.9 FM prides itself on uplifting our communities, and what better way to do that than to partner with such a powerful campaign to create much-needed jobs. We are deeply passionate about the development and survival of small businesses and that is why we are a proud partner in this ProfitShare Partners campaign”, says Lloyd Madurai, Managing Director of Hot 91.9 FM.

To top it off, together with Hot 91.9 FM, ProfitShare Partners will be giving away R10,000 in vouchers every month to help existing and would-be business owners and SMEs to start up or keep going. To enter, download the getlion mobile app, send what your business would do with R10,000 to the Hot 91.9 FM WhatsApp line 084 2212 919 and listen to Hot 91.9 FM daily for more.

Visit getsaworking.co.za for more information.

In a South African radio FIRST –  Hot 91.9 FM Locks ‘n Loads its airtime

In a South African radio FIRST – Hot 91.9 FM Locks ‘n Loads its airtime

Johannesburg, 20 May 2020 – In a daringly innovative move, Managing Director of the award-winning Hot 91.9FM, Lloyd Madurai, today announced the launch of Hot 91.9FM’s new online buying platform Lock ‘n Load.

Lock ‘n Load is a package that has been tailormade for the exclusive benefit of small businesses that have reopened or are reopening as the lockdown eases and need their brand to be top of mind now.

This is a real time buying platform that puts the buying power of radio in the hands of small business owners at a price point within their reach.

After following a simple process, the advert will be on radio within two hours, immediately giving small businesses the exposure they need. The Process is Simple:
1. Go to www.hot919.co.za and click on the Lock ‘n Load Hot Deal
2. Select the timeslot and the number of spots you would like to purchase across the day or week, add to your cart and check out.
3. Complete the simple buying detail form and tell us about your business.
4. Within 20 minutes of your payment being processed, you will be contacted by a Hot 91.9FM representative to assist you with your script and within two hours your 20 second read will be ready to go live on-air.

Madurai concludes, “Hot 91.9FM is deeply passionate about the development and survival of SME`s, particularly those that are community based as we believe that they are the engine room that drives our economy and as a proud partner to the NSBC (National Small Business Chamber) we are offering their members a further 10% discount on “Lock ‘n Load”.

Hot 91.9 FM announces launch of “Beyond The Curve”

Hot 91.9 FM announces launch of “Beyond The Curve”

Hot 91.9 FM announced today the launch of “Beyond The Curve” in conjunction with Media Rocket, NSBC, and Everlytic. “Beyond The Curve” is a movement inspired by the incredible resilience of South Africa’s people and created to connect South African business and restart the economy. The movement aims to connect businesses that are in a position to help, with businesses in need of help during the South African National Lockdown and the COVID-19 worldwide pandemic.

South Africans have amazing resilience in the face of adversity, and this time will be no different. “Beyond The Curve” is aimed at ensuring that there are functioning businesses to come back to once we have gotten through this period together.

“Beyond the Curve” is a pioneering movement that offers South African businesses free support, tools, and resources. The “Beyond the Curve” website also offers a platform to browse resource articles, webinars, and podcasts that discuss topics and provide tools for businesses to take the initiative and do their part to help business recovery in South Africa. The website also suggests free courses that the public can use to upskill themselves. These courses include Google Analytics, programming, game development, and app development for you to use this time effectively to develop skills for either your current job or your “side hustle” so that you can beat the curve.

Hot 91.9FM believes that South Africa is stronger when we stand together and are incredibly proud to be a partner with “Beyond the Curve” .

If your business is in a position to help another business with a discounted or free service, or if your business needs help, register on www.beyondthecurve.co.za to join the movement or to find free business tools and resources to help you keep your business going.

Beyond the Curve

Beyond the Curve

South Africa has proven, time and again, that we are stronger together.

Inspired by our country’s united spirit, Hot 91.9FM has partnered with Beyond the Curve. This pioneering movement aims to bring South African business together with the shared goal of restarting and stimulating the economy.

Join the movement.

If your business is in a position to help another business with a discounted or free service, or if your business needs help, register on beyondthecurve.co.za. You’ll also find free business tools and resources to help you keep your business going.

ProfitShare Partners and FirstRand’s Vumela Fund Aid SMEs in Fight Against Covid-19, Supporting Supply of Essential Items

ProfitShare Partners and FirstRand’s Vumela Fund Aid SMEs in Fight Against Covid-19, Supporting Supply of Essential Items

Hot 91.9FM is delighted to share that one of our key clients ProfitShare Partners and the Vumela Fund has announced that they have secured an additional R25 million funding line to assist SME’s to supply and deliver essentials during Covid-19. Hot 91.9FM is proud to partner with these businesses to support the South African SME Business.

The FinTech disruptor has secured an additional R25 million funding line from Edge Growth-managed Vumela Fund recently to help SMEs supply and deliver essentials in the fight against Covid-19.
ProfitShare Partners has secured an additional R25 million funding line from FirstRand’s Vumela Fund to support SMEs in need of capital to supply essentials to combat the spread of Covid-19. Since the start of the Covid-19 lockdown, ProfitShare Partners has partnered with a few SMEs to supply essential items, including the local manufacturing of hand sanitisers, face masks, other health personal protective equipment and pharmaceutical medical supplies such as Vitamin C and D, as well as Zinc tablets. These essentials were supplied to both the public health and private health sectors.

The additional R25 million funding line from the Vumela Fund will enable the fintech disruptor to take this drive one step further and partner with more SMEs who are in the business of supplying essentials such as ventilators and filters, nebulisers and nebulising agents, hospital beds, oxygen, medical protective wear and bulk supplies of disinfectants and sanitisers, amongst others.

“We’ve prioritised these unusual deals in support of the fight against Coronavirus. A sufficient supply of these essentials for medical workers and our people will be important in the coming weeks, which is why we want to help support and provide capital to local SMEs who are working tirelessly to meet the demands to produce these essential items during this period,” says Andrew Maren, CEO and founder of ProfitShare Partners.

The Vumela Fund is managed by Edge Growth and currently has a mandate to support high-growth small businesses in supply chains that have both economic and impact returns.

“Whilst FNB is already providing assistance and support to businesses on multiple fronts during this crisis, the Vumela Fund enables the Bank to provide further support to early stage SMEs that would not otherwise qualify for traditional lending products. Vumela’s partnership with ProfitShare Partners has already benefitted several SMEs and we are pleased to be able to extend this to providers of essential items,” says Mike Sage, FNB’s Co-Head Structured Finance Solutions and Vumela Fund Trustee.

“In this time of crisis due to the global Coronavirus pandemic, Edge is grateful to be in a position to support SMEs through its partnership with ProfitShare Partners. Edge will also be collaborating with FNB and Vumela to provide a COVID-19 Leadership Toolkit, which will be a freely available end-to-end field guide for founders and their teams to lead through this crisis,” says Richard Rose.

The increase in demand for essentials to combat the spread of Covid-19 and to support medical healthcare facilities and services has grown tremendously over the past month. To help SMEs respond effectively to this demand, ProfitShare Partners will provide the capital to qualifying small businesses who are providing essential supplies to the public and private sectors. They are especially interested in SMEs operating in the industry who will be sustainable and have longevity after the Covid-19 crisis is over.

“We want to show solidarity in combatting the fight against Coronavirus. Our drive is to make it possible for SMEs to deliver successfully during this period. As a short-term capital partner to small business owners, we will also provide the professional expertise and guidance to help them deliver optimally and avoid the common pitfalls that may slow delivery,” added Maren.

Adcock Ingram OTC’s Sponsors of Brave partners with Hot 91.9FM to bring South Africa hope

Adcock Ingram OTC’s Sponsors of Brave partners with Hot 91.9FM to bring South Africa hope

Johannesburg – Adcock Ingram OTC, Sponsors of Brave have partnered with Hot 91.9FM’s Mansfield in the Morning show to bring South Africa hope during these immensely stressful times.

South Africa is currently overwhelmed and facing immense stress and trauma due to the continued spread of the Covid-19, and the Mansfield in the Morning show will be playing South African songs with a message of hope every weekday at 09:20 commencing on Monday, 20 April 2020.

To kick off this campaign, Jeremy Mansfield, interviewed David Scott, the founder of the Kiffness, a well-known South African band, to play and discuss the song he has released in association with Adcock Ingram OTC’s Sponsors of Brave campaign, dedicated to supporting doctors, pharmacists, nurses and other healthcare professionals fighting Covid-19. ’May the Road Rise Up to Meet You,’ is an old Irish blessing often used as a prayer that has travelled throughout the centuries to protect people on their challenging journeys.

The song, originally in English, now includes isiZulu and Afrikaans verses. David says; ’I wanted to add isiZulu and Afrikaans to the song to bring it home for our healthcare workers. David wanted to create something that was completely heartfelt and sincerely hopes that any healthcare professional who listens to the song or sees the video will feel encouraged. 

The Sponsors of Brave campaign celebrates and shares the stories of pharmacists, doctors, nurses and other healthcare professionals who have gone above and beyond their day-to-day call of duty. These incredible people have never been more important. The time is opportune to acknowledge these heroes, and this song is a wonderful and melodious way to do so. Adcock Ingram OTC is creating a platform for all South Africans to express their admiration for our beloved Country by recognising and celebrating fellow BRAVE SOUTH AFRICANS in the healthcare profession.