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The urban population in Africa has swelled from 15% of the total population in 1960, to over 40% in 2010 and is set to exceed 60% by 2050[ii]. It is anticipated that South Africa will follow suit. In fact, current projections indicate that an additional 19 to 24 million people will be added to the national population over the next three decades, and that the vast majority of this growth will be confined to cities and towns[iii]. But what is needed by the country’s municipalities to cope with and cater for this growth? “Municipal payments play a vital role in creating cities of the future,” says Nomvula Nyandeni, Business Development Lead at Pay@, one of Southern Africa’s leading payment solutions providers. “Municipal revenue collected from customers is integral to sustain cities f...

South Africa’s small and medium-sized enterprises (SMEs) represent more than 98% of registered businesses, employ between 50% and 60% of the country’s workforce, and are responsible for a quarter of job growth in the private sector[i]. “It’s no wonder then that these companies are the country’s hope for economic recovery. But what is being done to ensure their success?” asks Andrew Hardie, Chief Executive Officer at Pay@ - a leading payment aggregator and provider of secure payment solutions. South African SMEs have the highest failure rate in the world[ii]. In fact, 70% to 80% of small businesses fail within five years[iii]. Studies conducted by the Universities of the Free State[iv], Limpopo[v] and Cape Town[vi] have found that a lack of business capabilities (including skills and tools)...

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Municipal Payments Essential for South Africa’s Future Cities

Setting South Africa’s small and medium-sized enterprises Up for Success