How Zande Africa Aims To Help Spaza Shops Maintain A Positive Cash Flow
How Zande Africa Aims To Help Spaza Shops Maintain A Positive Cash Flow. The township small businesses such as Spaza shops help out the community it is situated in by providing food and other essentials as well as creating employment. Many families in the township are dependent on their small business to do well in order for them to make ends meet. Even though this is the case these businesses are mostly affected negatively by factors such as the rise of goods prices and not being able to effectively stock its goods.
This makes it harder for them to achieve their goals as they might have to reduce the stock they buy just because their capital is not enough. This may be detrimental to their small business as they will not have much to sell. Companies such as Zande Africa aim to solve such problems that small businesses face. Zande Africa seeks to assist the informal market in South Africa through access to stock, credit options and logistical solutions.
Spaza Credit is a form of inventory finance that assist Spaza shops in procuring of stock. Zande Africa’s credit options will ensure that its clients have a streamlined flow of inventory and help them maintain a positive cash flow. The company was co-founded by Siya Ntutela who also serves as the company’s CEO. Ntutela has 10 years of experience in the financial service sector. It was also co-founded by Mdu Thabethe who serves as the company’s COO. Mdu has over 20 years’ experience in the Banking sector. He also has an MBA from Milpark Business School and a range of other banking qualifications.
Zande Africa’s financing solutions provide these small businesses with much needed capital to help them replenish stock and ensure a healthy cash flow. The company understands that managing cash flow as a business is extremely important and its financing products ensure Spaza shops are able to maintain a healthy business from both a cash flow prospective along with ensuring they have a streamlined flow of inventory.
Managing a business can get challenging and having a business partner that one can off load their business needs to is extremely beneficial. Zande Africa has partnered with the most reputable suppliers to ensure that small businesses receive a consistent in flow of stock based on their business needs driven by data collected from its business network.
