NEWS: Female Entrepreneurs On The Increase In SA

FNB Business has seen an increase in the number of female owned businesses and female entrepreneurs over the past two years. The Bank says the average growth rate in women owned businesses within the FNB Business customer base is approximately 11%, generally fluctuating with the economic cycle.


















According to Sanjeev Orie, CEO of FNB Business Value-Adds, “The growth in the number of female entrepreneurs is a positive development for South Africa because women make up over 50% of the national population. The main challenge is ensuring that women who have started businesses get the necessary support, to not only survive but thrive.

The first two years are crucial in the lifespan of SMMEs. Within our client base, we have observed that businesses which have been operating for less than two years tend to succumb to tough economic or operating conditions. Therefore, our objective is to offer increased support and cost-effective solutions to enable the businesses to be sustainable.”

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