South African startups are being given more time to establish themselves as Nedbank extends its zero monthly maintenance fee benefit to two years.
South African entrepreneurs are being given more breathing room during the critical early stages of business development, with Nedbank extending its zero monthly maintenance fee benefit for its Startup Bundle account from six months to two years.
The banking group said the move is aimed at helping small businesses manage costs while they focus on building sustainable operations in a challenging economic environment.
For many startups, the first years of trading are among the most difficult as entrepreneurs balance cash flow pressures, operational costs, customer growth and uncertainty.
Lindokuhle Tau, Head of Small Business proposition at Nedbank, said the extended benefit reflects a deeper understanding of the realities facing early stage entrepreneurs.
