FNB Business is living up to its commitment to help South African entrepreneurs by launching new products and solutions that it believes will help increase the level of SME activity and create a culture of entrepreneurship in the country.
In response to the barriers faced by micro, small and medium-sized businesses in South Africa, together with general economic challenges such as low economic growth and high levels of unemployment, FNB is launching a new digital app-based entrepreneurship learning programme (Fundaba) and a digital no monthly account fee business bank account (First Business Zero) to address some of these challenges.
Mike Vacy-Lyle, FNB Business CEO says, “As a bank, it is the business owners in this country who inspire us daily to innovate and find meaningful solutions that are truly impacting on the day-to-day running of their businesses and bottom line. We are proud that we can offer helpful solutions that provide value and help enable the development of SMEs in South Africa. As an entrepreneurial organisation, we strive to truly understand the needs of our customers.”
Fundaba is free interactive e-learning business education platform that has been developed inside the FNB banking app for convenient access. It is a first-of-its-kind offering in South Africa and comprises