Access to credit still easy in South Africa

Woman in small shop Ghana

According to the World Bank‘s 2013 Doing Business Report, South Africa has been joint-ranked, along with Malaysia and the United Kingdom, as the easiest country in the world for small and medium-sized enterprises (SMEs) to access credit.

Gerrie van Biljon, executive director of Business Partners Limited, says that this will be the third year in a row that South Africa has achieved the ranking and that that it is a very encouraging sign for small business owners locally.

He says that there is however evidence that a lack of SME financing still exists, despite the reported easy credit access. “Access to finance remains the number one hindrance for SMEs, regardless of this high rating. This is most likely due to the fact that SMEs are unsure of how to apply for finance, or that they do not qualify for the type of financing that is available. It is therefore of utmost importance that SMEs understand the stringent credit conditions that need to be fulfilled to obtain financing.”

via Access to credit still easy in South Africa – World Bank report.

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Iskamdar Malaysia ranked 4th best future global free zone

Romantic sunset at the beach in Malaysia

JOHOR BAHRU, Sept 7 (Bernama) — Iskandar Malaysia boosted its competitive edge as the best choice for investment destination with the recognition as the fourth Global Free Zone Of the Future 2012/2013 by fDi Magazine of Financial Times Ltd.

Iskandar Regional Development Authority (IRDA) chief executive officer, Datuk Ismail Ibrahim, said the recognition would definitely help ‘bookmark’ Iskandar Malaysia in the minds of the businessmen, corporate leaders and policymakers.

“We at IRDA are fully committed to sustain and improve Iskandar Malaysia’s attractiveness and ease of doing business,” he said in a a statement here today.

via Iskamdar Malaysia ranked 4th best future global free zone | My Sinchew.

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Penang free port status

Image of the Jewish Cemetery in George Town, P...

GEORGE TOWN: A PROPOSAL has been mooted to restore the free port status of Penang to boost international tourism investments.

It is learnt that the proposal has been forwarded to Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop and chairman of Tourism Malaysia Datuk Dr Victor Wee Eng Lye.

“Discussions are ongoing to make Penang a tourist haven and complement Langkawi’s free port status,” a source told the New Straits Times.

The source said the free port status for Penang is part of a move to improve the tourism appeal of both Penang and Langkawi and attract high-net investors to both islands.

via Proposal to restore Penang free port status – Top News – New Straits Times.