From company support services to helping you with your basic banking needs, our team of experts are always available to give you all the assistance you need.

Starting my new business

Starting a new business can be exciting as well as intimidating. We have put together some useful information – tips on how to draft a simple business plan and tools that you can use to run your new business.

  • Draft a start-up plan

    A business plan is essential for every entrepreneur and is the mainstay to the success of a business. A business plan is a roadmap of how a particular business wants to achieve its goals, and should include its operational, financial and marketing strategies.

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  • Register your business

    You’ve drafted a killer business plan and you are ready to venture into the world of business. Your next step is to register your business in accordance with South African legal and statutory requirements.

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  • Apply for an account online

    Opening a business current account online is seamless and effortless.

    Apply online

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  • Advice for a franchise

    Explore the ABCs of franchising and take some time to  understand exactly what you’re embarking on.

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  • Enterprise and Supplier Development

    Let us help you move your small business in the right direction. We have Enterprise Development Centres located throughout South Africa waiting to support you.

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Business insurance for peace of mind

It’s good to have a plan in case something bad happens. As the captain of your ship, by planning for the unexpected, you’ll ensure its smooth sailing even when the waves come crashing down.

Here are some insurance options to consider:

Directors and officers liability

Directors and officers liability insurance provides protection for directors and officers of a company for claims arising from allegations of wrong-doing committed while performing their roles. Since directors and officers can be held personally liable for any acts of the business, it is advisable that they will request to be protected rather than put their personal assets at risk. Section 78 (3) of the South African Companies Act makes provision for directors and officers of a company to be protected against such claims through directors and officers liability insurance.

Public Liability

Don’t let you and your business be caught up in a sticky situation where you have to fork out exorbitant fees for damages. It’s best that you take out public liability insurance which covers you and your business against damages you are liable to pay for incidents resulting in death, illness or injury to other people and accidental damage to property.

Buy-and-sell agreements

Do you own a business with one or more partners? Then it’s advisable you consider a buy-and-sell agreement which gives you, in the event of your death or disability, leeway to sell your shares in the business to your partners. Such an agreement allows each partner to take out life or disability cover on the other partners’ lives which pays out on their death or when they become disabled. Using the proceeds from the life or disability cover, your partners will have cash in hand to purchase your shares.

Vehicle and asset insurance

Whatever your car and asset insurance needs, we offer you convenience. You can decide which insurance best suits your business.

View insurance products

Need more help?

Let one of our consultants assist you.

Contact your relationship executive.

Call Absa Business Banking on:

0860 040 302

Email us at:

ED@absa.co.za