{"id":246117,"date":"2022-12-22T09:08:56","date_gmt":"2022-12-22T07:08:56","guid":{"rendered":"https:\/\/mypr.co.za\/?p=126705"},"modified":"2022-12-22T09:08:56","modified_gmt":"2022-12-22T07:08:56","slug":"effective-investing-now-helps-boost-smes-balance-sheet-for-the-future","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/effective-investing-now-helps-boost-smes-balance-sheet-for-the-future\/","title":{"rendered":"Effective investing now helps boost SMEs\u2019 balance sheet for the future"},"content":{"rendered":"<aside class=\"scaip scaip-1 \">\n<aside id=\"republication_tracker_tool-2\" class=\"republication_tracker_tool clearfix\">\n<h5 class=\"adtitle\">Republish for Free<\/h5>\n<div class=\"license\">\n<p><button name=\"Republish This Story\" id=\"cc-btn\" class=\"republication-tracker-tool-button\">Republish This Story<\/button><\/p>\n<p><a class=\"license\" rel=\"noreferrer license noopener\" target=\"_blank\" href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\"><img decoding=\"async\" alt=\"Creative Commons License\" class=\"lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/effective-investing-now-helps-boost-smes-balance-sheet-for-the-future.png\"><\/a><\/p>\n<p><img decoding=\"async\" alt=\"Creative Commons License\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/effective-investing-now-helps-boost-smes-balance-sheet-for-the-future.png\"><\/div>\n<div class=\"message\">\n<p>Republish our articles for free, online or in print, under a Creative Commons license.<\/p>\n<\/div>\n<\/aside>\n<\/aside>\n<p>While entrepreneurs need to keep a constant eye on their cashflow and the factors that influence its ebb and flow, it\u2019s equally important to invest in long-term financial health to build buffers, save for Capex projects, or even just to rest easy in the peace of mind that comes with having funds set aside.<\/p>\n<p>The past year has been a stressful one, with individuals and businesses alike having had to navigate rising inflation and interest rates along with the unexpected costs of staying in business through various stages of load shedding. While responding to short-term pressures, many may have lost sight of the long game made possible by saving money in a long-term account.<\/p>\n<p>\u201cBuilding financial health for your business takes time, careful planning, and a clear strategy as you balance your business\u2019s daily needs with its long-term financial goals,\u201d explains Natisha Lazarus, Head of Business Banking at&nbsp;<a href=\"http:\/\/www.sasfin.com\/\" data-cke-saved-href=\"http:\/\/www.sasfin.com\">Sasfin<\/a>.<\/p>\n<p>\u201cThere are several products available to entrepreneurs, offering parameters to suit each situation. However, the overriding rule is to be sure that you understand the terms and conditions of the savings or investment product you choose so that there are no complications when your business needs access to those funds.\u201d<\/p>\n<p><strong>Notice Deposit Accounts<\/strong><\/p>\n<p>Opening a notice deposit account gives account holders the flexibility they need to access their funds while being rewarded with a higher interest rate for saving their funds for longer.<\/p>\n<p>For example, a 32-day notice account offers a nominal interest rate of 7.50% while a 120-day notice account offers a nominal interest rate of 8.05%, with notice periods of varying lengths available to suit each entrepreneur\u2019s business needs.&nbsp; Interest rates are linked to the prime interest rate \u2013 which means that interest earned increases if that rate is raised by the Reserve Bank \u2013 and capital is guaranteed.<\/p>\n<p>Being able to add extra funds to these accounts at any time allows for ongoing saving, and because interest is paid at the beginning of each month, balances benefit from compound interest too.<\/p>\n<p>Bradley Reddy, who leads the medium-sized customer segment at Sasfin Business Banking adds, \u201cFlexibility and control over the savings commitment lets the entrepreneur manage their working capital.\u201d<\/p>\n<p><strong>Fixed Deposit accounts<\/strong><\/p>\n<p>A fixed deposit account locks in the specified amount for a predetermined time period, helping entrepreneurs stick to their savings goals while offering relatively higher interest rates.<\/p>\n<p>For example, a six-month fixed deposit account offers a nominal interest rate of 7.58%, while a 36-month fixed deposit account offers as much as 8.7%. Over time, compounding interest means that the effective annual interest rate on that product would be 9.90%!<\/p>\n<p>\u201cMany of our clients choose a 12-month fixed deposit product, as this gives them a balance between benefitting from a better interest rate for a longer savings commitment and access to their savings as part of their future business planning,\u201d Reddy adds.<\/p>\n<p><strong>Call Deposit<\/strong><\/p>\n<p>A call deposit account gives entrepreneurs the flexibility they need to access saved funds immediately while making it possible to add funds as and when they\u2019re available. The prime-linked nominal interest rate of 6.95% helps money saved to grow, as interest is paid at the beginning of every month.<\/p>\n<p>\u201cAn effective savings strategy that includes different types of savings products gives entrepreneurs the long-term benefits of interest-earning funds set aside to meet business goals while still allowing access to their money in case of emergencies,\u201d explains Sanjeev Besssar, who has a specific mandate to empower small businesses. \u201cLook for an overdraft product that responds to your business requirements, from a bank that offers personalised expertise and advice that supports your commercial skills and abilities.\u201d<\/p>\n<p><a href=\"https:\/\/sasfin.com\/business-banking\/business-banking\/investment-accounts\/\" data-cke-saved-href=\"http:\/\/www.sasfin.com\">www.sasfin.com<\/a><\/p>\n<p><em><strong>Please note:&nbsp;<\/strong>The interest rates quoted are current rates for Sasfin products, which are subject to change and may vary from similar products offered by other banks.<\/em><\/p>\n<figure id=\"attachment_126706\" aria-describedby=\"caption-attachment-126706\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/mypr.co.za\/?attachment_id=126706\"><img loading=\"lazy\" decoding=\"async\" alt width=\"799\" height=\"452\" class=\"wp-image-126706 size-full lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/effective-investing-now-helps-boost-smes-balance-sheet-for-the-future.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-126706 size-full\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/effective-investing-now-helps-boost-smes-balance-sheet-for-the-future.jpg\" alt width=\"799\" height=\"452\"><\/a><figcaption id=\"caption-attachment-126706\" class=\"wp-caption-text\">Natisha Lazarus.<\/figcaption><\/figure>\n<p><strong>Video:<\/strong> Effective investing now helps boost SMEs\u2019 balance sheet for the future<\/p>\n<p><strong>More Info on Effective investing now helps boost SMEs\u2019 balance sheet for the future here:<\/strong> <a href=\"https:\/\/sasfin.com\/business-banking\/business-banking\/investment-accounts\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/sasfin.com\/business-banking\/business-banking\/investment-accounts\/<\/a><br \/><strong>Twitter<\/strong>: <a href=\"https:\/\/twitter.com\/MediawebSA\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/twitter.com\/MediawebSA<\/a><br \/><strong>Facebook<\/strong>: <a href=\"https:\/\/www.facebook.com\/MediawebSA\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.facebook.com\/MediawebSA<\/a><\/p>\n<p><a href=\"http:\/\/mypr.co.za\/save-with-myprs-monthly-flat-fee\/\">CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n<p> <span class=\"post-views-icon dashicons dashicons-chart-bar\"><\/span> <span class=\"post-views-label\">Press Release Views since 1 July 2022:<\/span> <span class=\"post-views-count\">66<\/span> <\/p>\n<div class=\"entry-pagination pagination\">Pages: <span class=\"post-page-numbers current\"><span class=\"screen-reader-text\">Page <\/span>1<\/span> <a href=\"https:\/\/mypr.co.za\/effective-investing-now-helps-boost-smes-balance-sheet-for-the-future\/2\/\" class=\"post-page-numbers\"><span class=\"screen-reader-text\">Page <\/span>2<\/a><\/div>\n<p><a href=\"https:\/\/mypr.co.za\">Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republish for Free Republish This Story Republish our articles for free, online or in print, under a Creative Commons license. While entrepreneurs need to keep a constant eye on their cashflow and the factors that influence its ebb and flow, it\u2019s equally important to invest in long-term financial health to build buffers, save for Capex [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":246118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3331,18,3332,9021,3336,1],"tags":[3257],"class_list":{"0":"post-246117","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cape-town","8":"category-durban","9":"category-johannesburg-south-africa","10":"category-mypr","11":"category-pretoria-south-africa","12":"category-south-africa","13":"tag-mypr","14":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/12\/effective-investing-now-helps-boost-smes-balance-sheet-for-the-future.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/246117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=246117"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/246117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/246118"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=246117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=246117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=246117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}