Latest news with #USKO
IOL News
3 days ago
- Business
- IOL News
Why women-led businesses need more than compliance to succeed
A purchase order from a big buyer like Coca-Cola might sound like a dream, but how do you buy R1.5 million in raw materials without working capital? Image: Supplied. There is no arguing the fact that trade finance does not necessarily sound sexy. But for the women we work with, it is the difference between a good idea and a growing business. At Aions, we have seen first-hand what happens when you back a woman with a viable business and a plan. Whether she is selling vetkoek in Soweto or supplying glass bottles to ABI, she has already proven she can hustle. What she needs now is not another grant, but a fair shot at real growth. Most corporate enterprise and supplier development (ESD) models start with the right intentions. Telkom's Future Makers programme, for example, offers early-stage capital to emerging black-owned businesses (EMEs) in the ICT sector. This is enterprise development in action. You give a startup the money to build, hire, and operate. However, that is just step one. Developing the supply chain Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading Where it starts to break down is supplier development once a business is ready to scale. That is where you expect corporates to bring these small businesses into their actual supply chain. The result? You have given someone tools to operate, but no customers. And no customers means no cash flow. Even when businesses do break into procurement platforms like SCNet, CSD, or internal enterprise systems like Absa's, they are often met with a new roadblock: liquidity. A purchase order from a big buyer like Coca-Cola might sound like a dream, but how do you buy R1.5 million in raw materials without working capital? That is where non-traditional finance providers are supposed to step in. But many, including some well-known fintechs, are charging exorbitant rates that cripple small suppliers before they can scale. We have seen loan offers with interest so high, the business is still paying back debt long after the order's been fulfilled. Acting on opportunity So, we built something different. Our product, USKO, is designed to close this gap by entering into a short-term partnership with the business. We do not charge interest. Instead, we take a fair percentage of the margin once the deal is done. No paperwork shuffling or hidden fees. It is automated, transparent, and designed to build (not bleed) a business. This model has been particularly important for women. In South Africa, more than 42% of households are female-headed. And when women earn, they reinvest up to 90% of their income back into their families and communities, compared to the 30 to 40% for men. These are the women renting back rooms and running tuck shops, selling chilli sauce, sewing uniforms, or trading fresh produce to major retailers. Some are making R30,000 a week or more. But most are invisible to formal supply chains because they are not tax compliant, do not have a BEE certificate, or do not know they need one. Others do not bank their money, which keeps them locked out of traceable financial systems. Getting into the system Compliance among informal and micro-businesses in South Africa remains critically low due to lack of awareness, complexity, and administrative burden. Of course, this does not mean that we must kill the magic of the informal economy. Instead, we need to formalise it just enough so that these women can trade, grow, and build wealth. And frankly, corporates and DFIs need to step up. Some are doing good work in this space, but there is still too much red tape and not enough risk appetite. We continue to treat a startup looking for basic working capital the same way we treat a listed company applying for growth finance. It does not make sense. South Africa's small business pipeline is leaking. The gap between EMEs, QSEs, and corporates is massive, and women are falling through. On the JSE, the Top 40 shares account for roughly 80% of total market capitalisation, despite there being around 400 listed companies. That should scare us. An open system Women are good at business but are risk-averse. That is not the problem. The problem remains with rigid systems. Women need products that are fair, platforms that are open, and a financial ecosystem that grows with us. Because the truth is, the next big business is not necessarily sitting in Sandton. She is in a back room in Diepsloot, running on grit and potential, just waiting for the system to see her. Kerryn Campion, COO at Aions Ventures. Kerryn Campion, COO at Aions Ventures. Image: Supplied.
Int'l Business Times
04-07-2025
- Business
- Int'l Business Times
Vlad Skots Is Rewriting the Rules of Logistics. Can Small Fleets Compete with Giants?
The $1 Trillion Freight Problem America's trucking industry moves over $1 trillion worth of goods every year but 95% of carriers run fewer than 10 trucks. These small fleets haul most of the nation's freight, yet are locked out of the tech tools that big players use to dominate the market. Vlad Skots, a Ukrainian-born truck driver turned logistics CEO, is out to change that. His company, USKO Inc. , manages over 3,000 owner-operator trucks and generates more than $130 million annually. Now, he's using that scale to launch a new solution: Motion TMS, a transportation management platform built to give small carriers big-carrier power. Motion: Built from the Inside "Unlike software built in boardrooms, Motion TMS was created in the dispatch rooms, loading docks, and cab conversations of USKO's own network," says Vald Skots. "It combines everything a small fleet needs: dispatch planning, compliance, GPS, docs, safety, payments, and more—all in one cloud system and mobile app." Drivers can grab loads, submit paperwork, manage logs, and even get paid the same day. It's real tech for real truckers. Vlad Skots A Shift in the Industry Manual work, messy spreadsheets, and razor-thin margins have long crushed small carriers. In 2023, average costs hit $2.27 per mile—an impossible number for many small fleets. Motion aims to flip that script by digitizing workflows and giving owner-operators the leverage to run smarter, faster, and cheaper. "In trucking, size has always meant access," shares Vlad Skots. "We're changing that. Small fleets deserve the same firepower the big guys have." What's Next: AI and Beyond Motion isn't stopping at automation. According to Vlad Skots, the next version will include AI-powered dispatching and predictive load planning—reducing empty miles, cutting idle time, and helping fleets plan smarter. As 65% of carriers look to adopt AI by 2026 (Geotab), Motion is already one step ahead. A Bigger Vision But Vlad Skot's mission isn't just about tech. It's about fairness. "Fixing broken systems isn't enough. We need to rebuild logistics from the bottom up—starting with the people who've carried it the longest and gained the least," underpins Vlad Skots. Vlad Skots Motion is more than software. It's a blueprint for a fairer, faster, more resilient freight economy where small fleets finally have a fighting chance.
