mercantile credit bank
© 2018 mercantile credit bank limited is regulated by the bank of uganda. banking regulations
mercantile credit bank ltd. , uganda, kampala, industrial area | monitor business directory
mercantile credit bank ltd. is located in kampala, uganda. company is working in banks, credit unions, financial activity business activities .
mercantile bank limited. reg. no: 1965 / 006706 / 06 an authorised financial services and credit provider. ncrcp19
mercantile bank limited is a wholly - owned subsidiary of mercantile bank holdings limited. mercantile bank holdings limited is a bank controlling and investment holding company with (100 %) vesting in its portuguese parent company, caixa geral de depositos (“cgd”) .
in this context, we note that this fee ranges from nis 13 at bank yahav to nis 55 at discount bank and at mercantile bank .
neptune software today announced that mercantile credit bank, uganda has selected neptune' s banking system to power its retail banking activities .
the protection of your accounts is a partnership between your company and pacific mercantile bank .
the bank of uganda supervises banks and some non bank institutions in the country .
pacific mercantile bank operates a total of eight banking offices in southern california, located in orange, los angeles, san diego, and san bernardino counties. pacific mercantile bancorp (nasdaq: pmbc) is the parent holding company of pacific mercantile bank .
on september 30, 2010, the south financial group, inc. was acquired by td bank group, and its subsidiary carolina first bank merged with td bank. carolina first bank in north and south carolina and mercantile bank in florida were rebranded in june 2011 .
neptune banking platform will support mercantile credit bank' s aggressive business plans and act as an enabler to achieve new business initiatives. the bank' s representatives are convinced neptune software will enable the bank to create a differentiated customer experience by leveraging technology .
at mercantile credit bank we understand that banking can be stressful. you are not alone. our team of experts is always on stand by to answer your questions .
. pacific mercantile bank has provided this link for your convenience. pacific mercantile bank disclaims any responsibility for the content of the following site, and neither endorses, guarantees, nor is liable for other providers' information, products or services. this site may also have a different privacy policy and information security standards than pacific mercantile bank .
take your bank with you everywhere with our mo’ friendly mobile banking service by dialing * 669 # or downloading our app (credit bank app). banking has never been easier !
let’s work together to safeguard your company’s cash assets. leverage the services and solutions pacific mercantile bank offers to prevent fraud .
as an entrepreneur, you’ve established a business through hard work and determination, and mercantile bank can help you to take your business to the next level with a “grow your business loan” of up to r250 million. with 50 years’ experience growing entrepreneurs, matched with full banking capabilities and personal attention, mercantile bank forms dedicated relationships to grow your business. click here to contact us terms and conditions apply. mercantile bank limited is an authorised financial services and credit provider .
login ids will be input on the mercantile bank homepage, you will then be directed to a new page to input your password .
credit bank’s internet banking is perfect for on - the - go clients with big banking needs. a powerful tool for both personal and business accounts .
mr eliot mwebya, the bank of uganda director of communications, told daily monitor that opportunity uganda was given special clearance to become opportunity bank but would be limited to being a savings and a credit giving institution .
in addition, the amendment sets out a uniform fee schedule for operational services provided by the credit card companies by way of providing settlement services for payment (debit / credit) card transactions .
looking to expand further in the u. s. , td bank group acquired commerce bank on march 31, 2008, and the company rebranded as td bank, america' s most convenient bank. td banknorth locations followed suit in september 2009, completing the merger of the two companies and uniting them under the td bank brand name .
the accompanying summary financial statements which comprise the statementof financial position at 31 december 2015 and the summary statement of comprehensive income and other disclosures are derived from the audited financial statements of mercantile credit bank limited for the year ended 31 december 2015. click here for more
pacific mercantile bank opened for business march 1, 1999. today, pacific mercantile is one of the largest banks headquartered in orange county and serves small - and middle - market businesses with a full range of loan, deposit and cash management products and services .
daniel onyiah, executive director, neptune software, says ,
the management of the mercantile credit bank has very clear understanding of the relevance for an efficient and effective information technology driven by business and after months of thorough selection process, neptune was selected as the preferred solution .
mercantile bank is committed to keeping our site compliant with the americans with disabilities act. we welcome any feedback on how to improve the site' s accessibility for all users .
—the amendment includes a uniform fee schedule for small businesses receiving settlement services from credit card companies for payment card transactions .
today, td bank, america’s most convenient bank, remains focused on delivering award - winning customer service and hassle - free products to customers from maine to florida .
letters of credit are used in international transactions by sellers and buyers to ensure payment. with the nature of international dealings including factors such as distance, different country laws and difficulty in knowing your counterparty, the use of letters of credit have become functional and advantageous. with skill and acumen in the field of trade finance, mercantile bank can act on your behalf and ensure that your suppliers are only paid once confirmation of goods being shipped has been received .
mercantile bank provides a wide range of international and local banking services to the business community with a segment focus on the portuguese market. the bank aims to satisfy all the banking needs of the business client and seeks to differentiate itself through a single point of contact, high touch, personalised service model .
according to mr rogers kakeeto, the head of marketing and business development, the bank is a tier2 financial institution that performs all duties of a commercial bank apart from foreign exchange operations .
⁠⁠⁠our internet banking is just one of the channels that makes banking more accessible to you. credit bank gives you access to a variety of alternative banking solutions thus allowing you to connect with us even where there is no internet .
in 2004, banknorth caught the eye of td bank group of toronto, canada, a top 10 financial services company in north america. td bank group soon became banknorth’s majority shareholder and the company became known as td banknorth. td bank group completed its purchase of td banknorth in 2007 .
—as of today, the deferred payment fee for new transactions made in payments on a payment (debit / credit) card has been cancelled .
the bank’s core focus is on business banking and commercial banking. it also has an alliance banking division which offers credit card, debit card and payment services to non - banks who seek to, or are already participating in the financial services industry. in addition the bank also has a treasury division which offers a full suite of vanilla foreign exchange products .
meanwhile, cherry hill, new jersey - based commerce bank was turning customers into fans as america’s most convenient bank. founded in 1973, commerce bank expanded rapidly over the next 30 years into metro new york and philadelphia, washington d. c. , and south florida, winning new customers with wow! service and convenience .
licensed by the monetary board of the central bank of sri lanka under the finance business act no. 42 of 2011
the company first opened its doors as portland savings bank in portland, maine, in 1852, and later grew through a series of mergers and became peoples heritage bank in 1983. at the turn of the millennium, the opportunity for growth presented itself again as peoples heritage bank, through several acquisitions, expanded deeper into new england and took the name banknorth .
loyalty programme: your gold credit card is linked to the loyalty programme and you can enjoy great rewards. the more you swipe the more rewards you earn. register now .
the deferred payment fee is a fee of about nis 0. 5 that was collected by the credit card companies for each payment, in respect of transactions made in payments .
mercantile bank corporation is strongly committed to sound corporate governance practices. we believe that integrity and trustworthiness are the cornerstones upon which successful companies are built. through our corporate governance initiatives and our continuing oversight and evaluation, we are committed to continually earning and keeping your trust and confidence .
the objective is to increase transparency and to make it easier to compare the cost of operational services provided by way of settlement services for payment card transactions by the credit card companies .
the challenge he faced was that the project was a big one and he was in need of financial assistance. having banked with mercantile bank for many years, it was mercantile bank that he approached with his biggest project so far. with the financial assistance from mercantile, aurelio was able to establish fernandes brick and block in 1987, which has grown into one of the leading brick and block manufacturers in durban today. the success of his company allowed him to expand and continue his passion for property development. “the key to my success is that i planned ahead and invested all my time and energy in my business, ” concludes aurelio. “also, i found that learning from the successes and failures of others helped to accelerate my growth. ”
one of these challenges came in 2008 when the financial markets crashed. at the time, the company was finishing off the world trade centre in sandton which was completed in 2010, sold in 2013 and was the first of three phases of lushaka’s most ambitious project – central square. “i spoke to every bank and private investor to raise the necessary capital to complete phase two, but they all turned me away – except mercantile bank. ” sergio adds, “mercantile bank came to our aid with a most innovative and enabling funding solution, a first of its kind in the market. i’d say that the key to my success as an entrepreneur is the ability to bring people together to make things happen. ”
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commercial credit card. this multi - use card can be used for all your business purchases, from travel and entertainment to accounts payable and supplier expenses. take advantage of features like in - depth reporting tools, more convenient program administration, fraud protection monitoring, and loyalty programs. it is all part of our strategy to help you get maximum value from your commercial credit card .
opportunity uganda has rebranded its business name to opportunity bank with an upgrade from a micro deposit taking institution to a tier2 financial institution. tier2, according to uganda’s financial act, is below the operations of a commercial bank but is above the level of an mdi .
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as the company grew, the importance of a strong, trusting relationship with the company’s financial backers became paramount. “it’s important to keep your bank informed and deliver, at all costs, on what you have proposed, ” adds dale. “they are crucial in your growth stage and you cannot expect them to take all the risk. we are proud of our relationship with mercantile bank and give credit to them for taking us to new heights. my advice to those starting their own business? be realistic; setting targets and goals is the easy part, following through and delivering on those is the hardest. i was merciless in this aspect and it proved successful. ”
as part of this measure, the credit card companies will be required to publish the fee schedules for the services included in the uniform fee schedule, which will make it much easier for small business to compare .
could this happen to you? wire fraud can take many forms, but the predominant method being used today is business email compromise (bec). this white paper examines an actual case study from pacific mercantile bank and suggests best practices businesses can follow to reduce the risk of falling victim to bec. business email compromise white paper (pdf )
as with all new enterprises, henry had to fi rst find a bank that understood his business and provide the necessary financial support. this he got from mercantile bank. “mercantile has been very good to me, ” adds henry. “as an entrepreneur, you know there are no guarantees; i shared my vision with them and they backed me as i had built credibility with them. when we started the business, our sales stood at r1. 7m per annum. they are now in excess of r55m. my advice to anyone starting a business would be to do a lot of homework and planning, be concise about the product you’re going to supply and work hard at doing the right work. ”
site map | privacy policy | legal disclaimer & terms of use | toll free helpdesk 180 0425 0426 / 9842 461 461. all information © 2018 tamilnad mercantile bank ltd. portal design © 2018 pintograph pvt. ltd. all rights reserved. no part of this website may be reproduced in any form on any media type without specific prior written permissions .
data as of march 2017. comparison of longest average store hours in the regions (msas) in which td bank operates compared to major banks. major banks include our top 20 national competitors by msa, our top five competitors in store share by msa and any bank with greater or equal store share than td bank in the msa. major banks do not include banks that operate in retail stores such as grocery stores, or banks that do not fall in an msa .
—in order to simplify and make it easier for customers to compare the fees collected from them for making transactions and withdrawals in foreign currency by way of a debit / credit card, new rules have been set out for how to calculate these fees .
mercantile investments and finance plc has an expansive and ever - growing network of branches and service centres strategically located across sri lanka. this enables the company to reach the various market segments and satisfy the ever - growing financial needs of their customers .
payment fraud continues to be a dominant source of fraud nationwide. a recent afp survey found that 75% of companies surveyed were victims of payment fraud in 2016. at pacific mercantile bank, we provide safe and secure solutions to help combat payment fraud. our cash management team is ready to work with you to identify the best solutions and practices to help minimize your risk of payment fraud. fraud prevention solutions brochure (pdf )
—as of today, banking corporations will only be permitted to collect a fee in respect of producing confirmation of ownership of a bank account starting only from the second confirmation during a calendar year .
today grant salzwedel runs a technology company in partnership with mercantile bank. a far cry indeed from when he ran a weekly disco in a gym while he had a day job as an electronic engineer. when it was no longer viable, grant purchased the gym and started developing a computer system to manage the members and accounts at the gym. he found that over the next few years he could not keep up with the demand of selling the system to other gyms .
enjoy a card - based credit facility that gives your business access to additional funds immediately. this allows your business to access money in advance to better manage your cash flow shortfalls and settle when you have received funds. the card also gives you access to visa’s global network of atms and point of sale devices .
enjoy a card - based credit facility that gives your business access to additional funds immediately. this allows your business to access money in advance to better manage your cash flow shortfalls and settle when you have received funds. the card also gives you access to visa' s global network of atms and point of sale devices .
the rating history for this credit rating accurately reflects the current status of the (sf) indicator but, due to technical limitations, does not accurately reflect the (sf) indicator history. please visit the research tab to view the press release (s) announcing when the (sf) indicator was added or removed .
after nine years working in london, richard beddow noticed that there might be a niche in the sa forex market to provide competitive rates and tailored risk advice to smes. in 2003, with the backing of mercantile bank, who saw ‘the bigger picture’, which no other bank did at that time, and together with fx admin expert, sadhana singh, richard launched forexpeople. “we took a tiny office in rivonia and set about cold calling 20 new companies per day, every day, ” recalls richard. “many people said that we had no chance taking on the commercial banks, and when things were slow it was easy to get disheartened. fortunately the business was not capital intensive. it just required tenacity, belief and disciplined activity levels. ”
while fernando focuses on the management of the business, his son handles production. “an important factor for any start - up business is finding the right bank to support you through thick or thin, ” adds fernando. “in this regard, i’ve had a strong relationship with mercantile bank for over 36 years. the advice i would give to anyone starting a business would be: believe you can do it. and stand for what you believe in. have good common sense and a good sense of humour. don’t leave till tomorrow what can be done today. no matter what field you’re in, learn about other industries. don’t start with the rewards – start with the groundwork. and remember, a can - do attitude will take you a very long way. ”
the bank, which is fdic insured and a member of the federal reserve system, provides a wide range of commercial banking services to businesses, business owners and business professionals through its combination of traditional banking offices and comprehensive, sophisticated electronic banking services .
fortunately, thabo had built good relationships with the banks and he reached out to them to buy another existing business. “this meant i now needed more skilled employees in the first station, while i focused on the new business, ” thabo continues. “there were times when i had to beg for money because i did not have enough collateral. fortunately, i had friends who believed in me and offered to help. as a young entrepreneur, it is important to form a strong relationship with a good bank. mercantile bank helped me and i’ve built a good a relationship with them. my advice for someone starting off would be: make sure you understand the demands and requirements of what you are getting into. don’t work for money, work for what you want to build – have a long - term view. ”
as sasol vikings, jafta’s company invests in a variety of industries including petroleum, furniture, clothing and property development. the key to jafta’s success? “my commitment to growing my business interests by working hard and putting everything into it. my faith in god and staying humble, together with the help and support i have had for the past 20 years from mercantile bank. if i had one piece of advice for aspiring entrepreneurs it would be to venture into something you like doing. then you will be committed and give it your all – no pain, no gain. ”
coming from a family of doctors and medical professionals, it seemed only natural that one day jerome smith would start his own pharmaceutical company. this he did in 1993 – his aim was to help make healthcare accessible and more affordable to all south africans – as such, his company was one of the few generic companies in the early years of generics. “getting credit in south africa was a huge challenge, ” says jerome. “but cipla india gave me extended credit terms which completely allowed us to grow extremely rapidly. but it wasn’t always easy. there were many sleepless nights. it was very difficult, but we all pulled together to make it work. today, i am still close to many doctors and pharmacists who helped us build our business. ”
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however, the last three years have been particularly challenging due to hail damage on the farm. “this caused crippling losses that almost shut us down, ” adds michael. “we save and store in advance so the reserves have been key in seeing us through the tough times. we still feel the tough times but mercantile bank has always supported us. they know who i am and are always ready to help. i think our success is due to hard work, negotiating fairly and not giving up through thick or thin. for someone starting out i would advise them to find a balance, don’t be greedy, persevere, and be fair to your business and your employees. ”
securities and other investment and insurance products are: not a deposit; not fdic insured; not insured by any federal government agency; not guaranteed by td bank, n. a. or any of its affiliates; and, may be subject to investment risk, including possible loss of value .
the global network of our bank consists of 509 full fledged banking branches all over india, 12 regional offices, 11 extension counters, 6 central processing centres, 4 currency chests, 1135 automated teller machines (atm centres) and 23 elobby centres. we also have two way transaction tie - ups with hdfc & idbi .
it was peter birch’s father who inspired him to become an entrepreneur. from an early age he drummed into peter the words ‘be your own boss’. he created the opportunity for peter and his wife to start their own property management business. “we later sold the business and for a number of years i was a consultant, ” says peter. “during that time my now partners and i had significant exposure to various aspects of the private security industry in south africa and when the opportunity to start a security business presented itself we grasped it. our credo was, and still is, ‘what the mind can conceive and believe it can achieve’. having said that, we quickly faced the reality that the big banks don’t embrace entrepreneurs. all except mercantile bank who believed in us and our venture. ”
through hard work and putting in long hours, within a year they were back to the same income levels they enjoyed at the big law firm. “finding staff wasn’t difficult, as both mandy and i were well known in the industry, ” says paul. “for any new business, funding is always a problem. when you’re on your own, banks look at you differently. the ‘big 5’, which i knew intimately at the ‘big firm’, just dropped me but mercantile bank was willing to help me and showed good faith. this has been a very effective relationship for my business. we owe our success to a number of things, such as working harder and smarter, ensuring effective time management, having a high work ethic and employing the right people. the experience mandy and i gained working in the big corporates has been a big contributor to our success. ”
three years later jerome approached cipla india to be his partner in south africa and this partnership lasted until 2014 when cipla india bought out cipla south africa for over r5 billion. jerome is quick to give credit to the people with whom he worked. “i was working with people with the same single - mindedness and perseverance as myself. we knew what we wanted to achieve and were happy to learn from others. if i had one piece of advice for someone just starting out it would be to trust your instincts, know your subject and don’t get waylaid by failures and mishaps. ”
brent kairuz has been an entrepreneur most of his working life. after teaching karate at different schools as a teenager, he decided to move into the food space to diversify his interests. he soon realised that the food industry was a very involved sector in which you needed to be hands - on and he never anticipated how challenging the change in his career would be. “in the early days of the company it was difficult to raise capital, which slowed down our growth levels, especially without credit history, ” says brent. to take the business to the next level, a joint venture partnership was embarked on with large corporate companies .
in the past eight years their partnership with mercantile has allowed the company to grow and reach heights that would not otherwise have been possible. “challenges are opportunities in disguise, ” adds peter. “it’s a cliché but the reality is with faith and a positive approach you can do anything. the important things for any entrepreneur to remember are to have faith, remain positive, choose the right partners, treat people with respect, be honest and admit to mistakes and fix them fast. also, set realistic goals and don’t give up until you reach them; then set new ones. ”
in 2008, eddy opened a lodge in warrenton with 30 rooms which seemed a good proposition at the time. but then the recession came and he had little business. fortunately, he decided not to finance via a bank so he was able to keep the property. “i always say that business is like the weather, it can be unpredictable, we cannot foresee everything, ” adds eddy. “my advice for anyone starting their own business would be to have a vision and a good strategy. also, it is essential to be flexible enough to amend your strategy when needed. focus on creating value for customers and suppliers and build something that can be sustained by domestic market demand. ”
antonio marques thrives on challenges. but starting his own panel beating company some 40 years ago was one of the biggest challenges of his life. it was then that antonio, already employed in one of the leading panel beating companies, and willie steinke, a spray painter, expressed the desire to start up their own business. in order to succeed they needed a wellequipped workshop including the ultimate piece of equipment at the time – a backed enamel oven for spray painting. they had very little collateral to offer the bank, thus sacrifices had to be made by selling off any assets to raise the necessary capital. this was not enough so they enlisted the help of a silent partner and in january 1977, steimar automotive opened its doors .
in his own words, “ten percent capital and 90 percent guts” is what it took for raymond ackerman to start pick n pay in 1967. he was at the low ebb in his career, having just lost his job at checkers, and had returned to cape town from his johannesburg base. once back in the mother city, he started negotiations for four small shops – called pick n pay. “i borrowed money from the bank and got shareholders to back me, ” recalls raymond. “i moved from johannesburg to get away from the big chains, otherwise we might have gone down. things went well through a lot of hard work and lots of man hours. we were growing and went public early. we got many shareholders in and grew that way. we opened up in new markets and in 1975 we started with the hypermarket approach. ”
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uganda’s banking sector has grown over the years boasting of 24 commercial banks and a number of mdi supported by various money lending and transfer institutions .
he emphasised that the institution would not be allowed to operate current accounts as well as foreign exchange services .
our focus is always to bring added value to all our customers, whatever the nature of their business or personal need .
designed for group borrowers and non borrowers who want to save together for a greater goal .
in africa, it takes a whole village to raise a child and at mcbl, we want to be part of that village by helping you create a bright and satisfying future for your child through the little wings account .
we enable partnerships increase their capital stake and provide sole proprietor businesses with a wide range of funding options to succeed .
multiple currencies: little wings account can either be in uganda shillings or us dollars .
with its solid foundation in the financial services industry, mcbl ultimately focuses on connecting with customers to provide a personalised banking experience .
8 old port bell rd, p. o. box 620, kampala, uganda
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are you spending too much of your valuable time worrying about fraud hitting your business? or, worse, not enough time? new technologies in payments have made payment fraud a moving target. fortunately, you can put best practices and fraud protection tools in place to minimize the impact of payment fraud on your business. this paper examines the trends in payment fraud, the types of fraud that businesses are exposed to, and the practices and services that can be implemented to greatly reduce the likelihood that your business will fall victim. payment fraud white paper (pdf )
it has been called imposter fraud, business email compromise, and ceo fraud. it is a disturbing trend in fraud that has grown at epidemic rates since it was first identified by the fbi in 2013. while this threat is real and growing, there are simple steps you can take to prevent imposter fraud from affecting your business. this white paper examines the trends in imposter fraud and provides the tools and best practices you can employ to protect your business. imposter fraud white paper (pdf )
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those involved in is in the early days spent late nights, weekends and holidays at the office, which ronnie still does. “it’s not a big sacrifice to make when you are heading in a clear direction, ” adds ronnie. “the biggest challenge, in my view, always is about people: how do you find good people? in the beginning we persuaded all our friends at university to join us. and they then inspired their friends to also join, and so it grew. the key to any success is very simple: just keep your promises. say what you mean, and mean what you say. ”
michelle okafor was inspired to become an entrepreneur and founded michelle okafor designs when she visited nigeria for the first time in 2008. she was so impressed with the prints that she brought back some fabrics to make her dresses. people liked them, so she saw a gap in the market. “after i sold my designs, people would send me pictures and say they received compliments, which motivated me, ” says michelle. “i started to officially operate in 2013; it was a very good year. by 2015 things became slow. i closed the workshop and worked from home. i decided to go back and find work while i picked myself up. i mostly rely on word - of - mouth advertisement. i’ve put in a lot of resources into the business, and haven’t had outside financing. ”
not having a long track record to prove her worth was also a real obstacle to growing the business. one major challenge was to find staff to manufacture or design, and it was difficult finding skilled people who understood the needs of the business. “the size of the business helps us move with the market, ” says michelle. “we have been able to diversify quickly because we are small and agile. we have a handson approach which enables us to give that personal touch. my advice to someone starting out as an entrepreneur is to be realistic with their business and work hard… extra hard. ”
it wasn’t long before max’s business savvy, coupled with his natural gift as a public speaker and motivator, led him to launch ignite my potential. today max consults widely with a diverse array of organisations and groups from all walks of life. his talks have reached thousands of influential movers and shakers in businesses, communities and universities on a local as well as a global scale. “the principle is that when one person follows a dream, tries something new, or takes a daring leap, everyone nearby feels their passionate energy. and before long, they are making their own daring leaps while simultaneously inspiring others. ”
yossi hasson knew from a young age that he wanted to be a businessman. he got his first pc at the age of 12 and fell in love with the world of technology from there. “in 2004, david, a high school friend, and i wrote a business plan and took it to anyone who was willing to listen. we were able to raise capital of r1 million through david’s brother and a friend of his, who invested in the business. we initially worked from a lounge and then moved to spare 20m 2 office space that was available at the offices of one of our investors. my partner focused on the more technical side of the business while i focused on sales and business development. ”
however, they soon realised that the business wasn’t scalable and they were struggling to grow with the people they had. “so we started building products which took twice the cost and twice the time we had anticipated, ” adds yossi. “we had to reduce costs and staff numbers, take significant pay cuts and renegotiate contracts. from the beginning, our investors were helpful. we were 21 when we started and although our investors were not from an it background, they taught us business principles. today we have over 5 000 clients and look after one million mailboxes. to be a successful entrepreneur you have to have persistence, perseverance, as well as the ability and determination to stay the course. ”
then in november 1993 their factory in mabopane was torched. “this proved a great challenge for the survival of the business, ” adds herman. “for over a year i couldn’t supply some of my products, and this set me back for about two to three years. at a time like this, consumers won’t wait until you fix the crisis and of course competitors will take advantage of the situation. but we persevered and through hard work and dedication we came out on top. my advice to someone starting their own business is to be vigilant; do not take things for granted and get into an industry you really understand. ”
it was when nelson mandela became president in 1994 that opened up new opportunities for the group. “we opened franchising and today approximately half of p n p is franchised, enabling the people to own their own stores, ” adds raymond. “i have always been very positive and hopeful about south africa. i’ve always been on the side of the consumer. i’ve fought issues with suppliers on price fixing and i fought the nationalist government to cut the price of petrol and prevent price fixing on agricultural products. my advice to someone starting their own business? have something people need. work mad and passionately, and people will back you. and always find new ways of helping your consumers. ”
after working for a multinational leading hotel for many years, and as the first black general manager, eddy khosa felt he had reached a point where he could take a risk on what he’d learnt, and make a success in the hospitality industry. “to start up, i negotiated with the family to use the family house in parktown and convert the rest of the rooms into guest rooms, ” says eddy. “this meant my whole family had to live in one room. my first challenge was getting the necessary permits, grading and the finance. from the outset i took a decision not to earn a salary. there was no guarantee that the business would work, as i was competing against big brands with years of building a reputation. ”
jafta claude became an entrepreneur by chance while he was working at eskom as part of the first intake of black apprentices. he was the first black supervisor and headed the aircon division. in 1992, the managing director decided to get rid of all the auxiliary services and asked if he wanted to buy the aircon business. jafta obliged because it was the only division making money, but he couldn’t afford to pay the price. “however, we came to a payment arrangement and i took over the business and named it rotac air - conditioning, ” says jafta. “i was computer illiterate but had been taught the basics. i paid rotac off in three months as the business was doing well. after that there was no looking back” .
but both bianca and larry were determined to make a success of their new company, despite the many obstacles in their way. “we’ve always looked for new, innovative ways to grow and expand our business, ” adds bianca. “there is no time to rest, because you always need to be one step ahead of the others. the bad times are when the construction industry quietens and the rand weakens. then we have to cut our cloth accordingly until the position improves. the greatest advice i would give entrepreneurs is ‘never give up’. no matter how hard things get, relook, rethink and consider all options but never give up. ”
benjy is the first to acknowledge that to be successful in business, it can’t be a one - man show. “having the best people around you, supportive and loyal people, is essential to the success of any business or venture. it’s important to cultivate a culture where people feel proud to be part of the company, and to find the best people and partners, even if it’s expensive. for anyone starting a business i would say – believe in what you are doing – don’t stop, keep going, stick to your plan. above all, don’t get caught up in mishaps; learn and move on. ”
like most successful entrepreneurs, jonathan credits much of his success to hard work and a strong belief in doing something you really love. jonathan reiterates this by saying: “whatever you get into, do something you really enjoy. it is great to do something you are passionate about. do what you are good at, be resolute and never give in, and you’ll be pleasantly surprised how easily success comes your way. ”
stephen brick was involved in a number of businesses until in 2009 he bought into vered estates. it was here that his entrepreneurial spirit came to the fore. “i never went to university but did business courses, ” says stephen. “i’m a typical hands - on person and i really liked the challenge that confronted us at vered. we bought the company in january 2009 and a month later the market crashed. the banks stopped giving bonds and clients wouldn’t buy. but we weren’t prepared to retrench people. we just put our heads down and continued marketing and advertising. we encouraged our staff to do better and still promoted them. ”
henry johnson, an accountant by trade, owned a small engineering company with a partner, and in 1996 he was introduced to the australian pirtek brand. “i always wanted to attach myself to a specific product, and franchising gave me the perfect opportunity, ” says henry. “pirtek makes high quality hydraulic hosing and fittings, so when it came to south africa in 1998, i knew it was something to get involved in. in 2006 i approached pirtek to buy a franchise, and by 2007 i was up and running with my first operation on the west rand. the initial challenge, apart from funding, lay in finding technically qualified people who understood the product because our field requires specialist skills. ”
it was a negative experience in buying his first home and an unwavering commitment to service excellence that inspired current chairman eskel jawitz to start his own estate agency in 1969. originally known as eskel jawitz real estate, the company rebranded to jawitz properties in 2005 to reflect the changing nature and the leadership in the company. 46 years later, jawitz properties is a second - generation family business run by herschel jawitz. “my entrepreneurial flair came from watching from a young age what it takes to start and grow a business with energy, passion and a never - say - die attitude, ” says herschel. “i was lucky enough to have that experience with my father. ”
as a family business, one of the biggest challenges was building an organisation that had the feel and the founding values of a family business, and still achieve its goals. “our business, like many private and family businesses, has meant sacrifices and challenges for the family, especially in difficult times, ” adds herschel. “i think that my success as an entrepreneur is having a deep sense of commitment to what i want to achieve, a strong belief in the business idea and the ability in most instances to turn the idea into an actual business that makes money. i’m proud of the fact that today the company has 50 offices countrywide and employs over 500 people. ”
mercantile credit bank limited ( mcbl ) , commonly referred to as mercantile credit bank , is a ugandan tier ii financial institution licensed by the bank of uganda , the national banking regulator . 
mercantile credit bank limited (mcbl), commonly referred to as mercantile credit bank, is a ugandan tier ii financial institution licensed by the bank of uganda, the national banking regulator.
mercantile credit bank limited (mcbl), commonly referred to as mercantile credit bank, is a ugandan tier ii financial institution licensed by the bank of uganda, the national banking regulator.