Karl Westvig is chief executive officer of Retail Capital, an established financial institution that offers asset finance and small business funding in South Africa.<\/p>\n
Retail Capital provides flexible and convenient alternatives to traditional business loans, helping small businesses across South Africa to achieve their goals.<\/p>\n
Westvig\u2019s entrepreneurial journey began in 1999 when he founded the RCS Group and built it into one of the largest consumer finance businesses in South Africa.<\/p>\n
He is an expert in consumer and SME finance in Africa and has a passion for entrepreneurship and helping start-ups grow their businesses.<\/p>\n
In this Business Talk episode, Westvig discusses how demand for small business funding has changed over the past 18 months.<\/p>\n
He talks about how businesses are assessed before being approved for funding, and how this metric has evolved in recent years.<\/p>\n
Westvig says SMEs can take advantage of the current market, noting that the pandemic can and has led to new business ideas.<\/p>\n
He closes out the interview by sharing his recipe for growing a business during challenging times.<\/p>\n
The full interview is embedded below. You can find all Business Talk with Michael Avery interviews\u00a0here.<\/a><\/strong><\/p>\n