Database of results

owner

So Much More

Just starting up

Financial Education

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Just starting up - will open business bank account once regular revenue is generated

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Better service

Access to small business help

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Marketing, growing client base.

CEO

Dirty Laundry

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Retail

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In order track business income accordingly

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9

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No, I am happy with my current bank

They offer all the services that I currently require

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3, 4, 5, 6, 7

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Reaching new clientele

Owner and innovator

Tashas Fantastic Fudge

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Manufacturer

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As the business grew it had to have a professional face. I also worked with a business manager in the bank.

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7

3,6,7,

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No caused tried it and went back to original provider

Nothing that I can think of. The only thing would be the rate they change staff so the relationship value is lost.

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Yes as my business was growing and they could see that in my figures

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1,5,8

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Capacity

Owner

Chc Catering

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Hospitality

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Business is run separately from my personal finances

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10

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Yes better interest rate on overdraft

They pretty much offer all the services I require

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We are a long standing client with a good banking history

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Uncertainty with Covid Lockdowns

Store Owner

Meliza Mary Bridal Wear

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Bridal wear industry

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I need to keep my business finances separate in order to have wise cash flow and save before allocating cash

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I save deposits, funds allocated to future payments and saving for cash flow

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If the bank increasedtheir fees or changed their forex payment process I would consider changing banks

Accounting systems, articles and information about how to manage your finances well as a small business owner

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7, 6, 4, 1

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Brides are shopping but not buying

Sales are difficult to close

Cash flow since covid has been impossible to recover

Keeping up with new fashion requires me to purchase new stock often. Turning around old designs for new ones can be difficult to achieve, as brides always want to latest designs

CEO

Unisky Trade

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Ecommerce

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I want to keep my business seperate and there are other shareholders

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1,3,4

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8

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Better rates, online banking and professional help

Small business help

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Yes, we submitted bank statements and they saw we were profitable

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2,4,8

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We wanting to get low interest growth capital and better forex rates from our bank.

Catering

Grace day care

Because I don't have money for going to register by then and the covid

Child care support

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Security officer

John's tuckshop

I will start the process of registration nxt year

Retail

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I will open a business account once my company has accumulated enough profit

African bank I like their low bank charges

1,2,3

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to save my profit

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1,2,3,5,6,7

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Lower banking charges will definitely convince me to switch banks

access to small business help

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They granted me the loan because I had some forms of collateral

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1

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Restocking as my supplier was looted so prices are currently very high

Catering

Grace day care center

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Event manager

Etc Events

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Events

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Separate finances

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1

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5

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Service

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Communication

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4

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Covid and lock down

CEO and book keeper

Manna Roastery

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Food industry

There are three of us

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To keep the business finances separate from personal finances

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In order to keep savings separate and earn more interest

8

3, 4, 5, 7

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If the charges were less

I don’t require other services from my current provider

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1, 2, 5, 7, 8

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Waiting for customers to pay for invoices outstanding

Business owner

Fliggy cc

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Marketing

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I want to change banks but I need to pay off my overdraft first

Standard back gave me a good bond for my home. ABSA did not look at me

1,2

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For emergencies

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FNB offers more to business owners

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access to small business help, accounting systems

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8

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Wedding industry can’t operat to its full potential with Covid restrictions

Owner

Handmade by Janine

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Weddings

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I don't feel I earn enough to have a separate account. Also twice the expense

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1

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8

4, 5, 6, 8

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No

None

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I have a long history with the bank and have a credit card which is always timeouts paid

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1, 4, 6, 8

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As I am so busy and I do all the work, my invoicing takes a back seat. I also don't have a good system for keeping track of payments made and what is outstanding

Owner CEO

just jumP

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Textiles

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It is my business. Not personal

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1

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7

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Bank charges

Paygate with low charges

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4

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Online Sales

Owner

Plumbfix

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Plumbing

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To keep accounts seperate

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1

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6

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No

Better banking app

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7

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Cash flow

Technician

Mattech Electrical

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Electrical

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I used to use a personal account only but changed to a business account for the business to keep separate

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1

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10

1, 3, 5, 7

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No. I've been with them for 26 years

I haven't had a need for any service that they don't already have

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Covid19 has been a difficult thing to navigate

CEO

dishy designs

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Retail & e-commerce

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My business is a separate entity

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1

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5

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It's good to shop around and Discovery Bank is looking interesting to me

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Private banking service for business as well as business advice

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Covid 19 has affected the travel industry which is affecting sales for me

Entrepreneur

Whyle Bees

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Agriculture

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I like to keep business finances separate

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1

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8

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Not necessarily, I havnt had any issues with FNB

Accounting systems would be great

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1

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developing my online shop and increasing sales online I find to be a challenge

Managing Director

4WKS (PTY) LTD

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Food & Beverage

Key financial decision makers include all three co-owners of 4WKS

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Our business is its own separate legal entity and therefore requires its own bank for accounting, budgeting and cash flow purposes

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We do not use this account as of yet! We do however have it open and accessible for when it is required. Short term we do not see this being a value add to us

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FNB does not provide easy access to debt instruments (loans, overdrafts etc..) and it is also difficult to access a conversation with a businesss banker to guide you through financing options and availability’s

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Transparent access to debt instruments and a personal business banker I.e. not a bot 🤖

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Yes, however the answer was not well justified. As we are a young startup, we do not have stable accounting records. We have experience high growth and this volatility as well as a small asses base (little to no securities) means that we are seen as high risk to an institutional corporate bank

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Cash flow management and forecasting future earnings as well as working capital spend!

Managing Director

Woww Digital

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Digital Marketing

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I want to keep my finances separate

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Specialised bank for business

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Cash reserves with better interest rates

4

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Customer service

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Working online banking app that allows multiple directors to access all levels of the account, better customer service where you can speak to a real human when you need it

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2,4,5,6,7

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Finding talent

Marketing consultant

K&B Direct

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Marketing advertising

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I want to keep my business finances separate and easier to control.

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1,2,3

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To keep money separate. But I don’t use it much.

5

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Lower fees, more approachable business banker.

more approachable private banking help

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No real problems

Founder

Ground Culture

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Retail and Distribution

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I want to keep my finances separate and keep us two different concerns

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Nothing at the moment. But it was meant to be for an investment fund.

7

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Struggling to access credit

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Better access to loans

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It’s through yoco so they can see my financial information. So they approved. But I felt I didn’t need it as the time.

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Security officer

Valid option

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Manual

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Director

Meraki Lifestyle Brand

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Clothing / fashion industry

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To keep finances separate, and for tax purposes

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1

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