Business News

Small business owners ‘compromising personal wellbeing’

As Christmas approaches, Australian small business owners are compromising their personal wellbeing to deal with business pressures, claims Westpac. Such pressures include cash flow, compliance and regulation, according to Westpac’s new Small Business Report, in collaboration with Deloitte. Main findings 58 per cent of small business owners said they expect …

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Payment revolution: how retailers can cash in

As a society, we’re undergoing a payment revolution, says CEO of Live eftpos & Live Group Reuven Barukh. Here are five key trends retailers can leverage. 1. Digital wallets Digital wallets refer to services that enable you to make virtual payments via your smartphone. The convenience of making payments via …

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New domestic violence factsheet for SMEs

Australian Small Business and Family Enterprise Ombudsman Kate Carnell has released a new factsheet on domestic violence for small and medium enterprises (SMEs). The release coincided with White Ribbon Day last Friday. White Ribbon is a global movement of men and boys working to end men’s violence against women. On …

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PepsiCo ANZ and REDcycle to turn chip packets into furniture

PepsiCo ANZ has partnered with REDcycle to transform discarded chip packets into a range of “sturdy products”, including furniture. REDcycle processing partner, Replas, specialises in converting soft plastics into fitness circuits, outdoor furniture, bollards and signage, among other products. All consumers have to do is drop off their chip packets …

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Female SME leaders cope better with stress

Female SME leaders are better at handling stress than their male counterparts, says research from merchant services provider Paymentsense. According to the findings, 45 per cent of the UK male respondents said stress affected their clear thinking at least five times a day. This figure compared with just 17 per …

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Vodafone teams up with Alipay ‘to reach Chinese visitors’

Vodafone has announced a partnership to enable 110 of its stores across Australia to accept China’s number-one payment method, Alipay. The agreement allows Vodafone to offer Chinese tourists their preferred QR code payment method in-store. Doing so, says Vodaphone, “opens a new marketing channel to reach Chinese nationals before, during …

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Ombudsman to ‘name and shame’ worst payers

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has announced a review of payment times for small and medium-sized enterprises (SMEs). It will “measure the effects of late or extended payment practices on the cashflow of small businesses and family enterprises in Australia”. The review follows a …

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ECG to buy Metcash’s China export business

E-commerce company ECG has announced it will buy 85 per cent of wholesaler Metcash’s China export business. The companies have entered into a binding Heads of Agreement. This will see ECG will acquire 85 per cent of Metcash Export Services, which includes Metcash Asia, its China-based subsidiary. ‘One-stop offering’ ECG …

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Pharmacare acquires Go Natural

Pharmacare has finalised agreements to acquire the business of Go Natural, Pharmacare CEO John Donlan has announced. He described Go Natural as “one of the leading healthy-snack brands in Australia”. Go Natural is a family-owned business established more than 30 years ago. Its products are currently distributed across grocery, petrol and …

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