easylease to Assist SMBs in Overcoming Financial Obstacles and Drive the Sector's Contribution to South Africa's Gross Domestic Product (GDP)
Johannesburg, South Africa – 23 July 2015 – Cisco Capital has announced the launch of the easylease Low Rate Financing program in South Africa as part of Cisco's ongoing commitment to help the country's small and medium-sized businesses (SMBs) invest in next generation technology. This financing program is designed to help SMBs adopt state-of-the-art technology quickly and easily, with minimal initial investment and maximum convenience.
The National Development Plan (NDP) sets ambitious goals for South Africa's SMB sector, including a target for 90% of employment opportunities by 2030. It is therefore becoming increasingly crucial that this sector invests in new and relevant technology, which will ensure that SMBs remain competitive and are one of the pivotal sectors driving economic growth.
easylease makes it simple for SMBs to invest in the technology they need through monthly repayments, helping them maintain consistent and balanced operating and capital expenditures through streamlined documentation. This financing program offered by a local financier puts Cisco technology within reach of more SMBs, enabling them to equip their workforces with the latest ICTs to improve productivity. Giving South African customers' immediate purchasing power, with the option to spread payments over time at competitive rates, in turn benefits Cisco's partners.
easylease is accessible in South Africa through Cisco certified channel partners for all Cisco products and services.
Kristine A. Snow, President, Cisco Capital:
As an integral part of Cisco's total solution, Cisco Capital is uniquely positioned to find the most competitive and flexible financing solutions for our South African customers. Some of the primary challenges SMBs face includes a tough economic environment, financial constraints, and employing and retaining a skilled workforce. Through easylease, we enable customers to acquire their desired Cisco solution so that they may enjoy the benefits that the technology brings to their business; all while reducing total cost of ownership.
Colleen Fynn, Cisco Capital Financial Solutions Manager, South Africa:
SMBs in South Africa increasingly understand the critical impact that technology can have on their businesses but are often restrained from purchasing the solutions they need because of the challenging economy and budget issues. easylease makes the 12-month interest-free repayment option particularly appealing. With the SMB sector set as a key growth and employment providing opportunity for South Africa, Cisco Capital is enabling many more businesses to make the vital investment in technology they will need to thrive in the digital age.
Note to Editors:
Source of South African SMB statistics is SBP Alert, Issue Paper 1 2014, www.sbp.org.za
About Cisco Capital
Cisco Capital is a wholly owned subsidiary of Cisco. Our mission is to provide maximum value to our customers and partners worldwide through industry-leading vendor financing that enables business outcomes. We offer tailored financial solutions in more than 150 countried for Cisco products and services while maintaining focus on delivering an exceptional customer experience. For more information, please visit www.ciscocapital.com/za.
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