South African Small Business News

No Free Money for SA Small Businesses

Wed, 31 May 2006 17:48:03 +0100

SOUTH African Revenue Services Commissioner Pravin Gordhan says government is concerned about the growth of small businesses and is doing everything to ensure the sector expands.

Tourism's BEE scorecard launched

Wed, 31 May 2006 17:47:30 +0100

A Black Economic Empowerment scorecard for the tourism industry was introduced in Pretoria on Monday.

The scorecard forms part of a BEE Charter which aims to include black people in the tourism industry and make it more globally competitive.

Business owners beware bogus chambers of commerce

Wed, 31 May 2006 17:47:10 +0100

The Johannesburg Chamber of Commerce on Monday issued a warning to the public about bogus business chambers established to "milk" cash out of them

South Africa's wireless future

Mon, 29 May 2006 11:38:21 +0100

South Africa is to focus on less costly wireless networks as it moves to roll out a broadband infrastructure across the country that is "robust enough" to cater for all socio-economic, business and research needs.

Telkom Defends Monthly Charges for On line Services

Mon, 29 May 2006 11:37:51 +0100

When will the South African government realize or act on the fact that Telkom's high prises are suffocating the development and growth of small ecommerce businesses in South Africa?

BEE fuel for SA’s roaring engine

Mon, 29 May 2006 11:37:19 +0100

SA’s drive to bring the long-excluded majority of its people into the mainstream of its economic life is paying healthy dividends. It is pushing the growth rate — nearly 5% last year — on to a higher trajectory. It has helped the 12-year-old democracy move ahead of India as a destination for foreign direct investment. It was a factor in the 47% total return on equities traded on the JSE last year.

Broadly defined, the black economic empowerment strategy hammered out between
government and business is helping fuel an economic and social revolution as millions start to enjoy disposable income and upward mobility for the first time. This is making SA an exciting place to do business and one that holds the promise of long-term stability.

SEB-vereistes vir klein sake

Mon, 29 May 2006 11:36:39 +0100

Die departement van handel en nywerheid het op 20 Desember verlede jaar die sogenaamde tweedefase-konsepkodes uitgereik vir kommentaar, en daarmee saam meer lig gewerp op onder meer die rol van familie-ondernemings en klein sake binne die konteks van swart ekonomiese bemagtiging (SEB).

Ingevolge die kodes word voorgestel op welke wyse verskeie aspekte soos kwalifiserende klein sake, frontentiteite, multinasionale ondernemings, art. 21-maatskappye en ander aangeleenthede behartig moet word.

Ondernemings word in drie groepe verdeel: mikro-ondernemings, kwalifiserende klein ondernemings en groot ondernemings. Die drie soorte kan as volg geïdentifiseer word:

Small business Tax amnesty for South African Business Owners

Wed, 24 May 2006 18:53:03 +0100

The first phase of small business tax amnesty announced by Finance Minister Trevor Manuel in February has been extended to all small businesses and not just taxi owners.

Business Angels in South Africa: Let them do their job

Wed, 24 May 2006 18:52:15 +0100

SINCE 1994, the South African government has invested significant political capital in the support of small and medium-sized enterprises (SMEs). This is because SMEs are recognised as key contributors to both growth and employment, contributing 30% of the country’s gross domestic product and almost 70% of private-sector employment. Government intervention in this sector has included the provision of wholesale finance and nonfinancial support services.

SA Small businesses must seize opportunities

Wed, 24 May 2006 18:51:40 +0100

Durban's small, medium and micro business could have benefited more from the weekend's Absa Cup final - when thousands of soccer fans from around South Africa and neighbouring countries descended on the city - and other off-season, crowd-pulling events, if they were better organised, officials have said.

SA needs more venture capital.

Wed, 24 May 2006 18:50:50 +0100

Following the articles bellow, I would like to through my vote and support behind venture firms in South Africa.. We really do need more of you. Can we really expect foreign investment of we are not prepared to invest ourselves..?

South African Small Business: Numbers soar

Mon, 22 May 2006 16:34:02 +0100

From this recent article it seems evident that entrepreneurship and small business is alive and well in South Africa. Any Family owned business owners amongst us here?

HOW DOES BEE IMPACT COMPETITIVENESS?

Mon, 22 May 2006 16:33:03 +0100

Broad based black economic empowerment legislation has had a significant and far-reaching effect on corporate South Africa since its 2003 promulgation. Hundreds of deals, some valued in the billions of Rands have been struck in the intervening years, and BEE compliance has become a set standard for business in this country.

Technology solutions for SA small businesses

Mon, 22 May 2006 16:31:49 +0100

The Department of Science and Technology's technology stations program offers small businesses access to the technology and innovation resources of South Africa's universities.

SA Entrepreneurs Given Chance for Makeover

Mon, 22 May 2006 16:30:43 +0100

Entrepreneurs in the cosmetics industry in South Africa are receiving a welcome makeover according to Business Day:

Tax Incentives for Investing in SA SMEs

Mon, 22 May 2006 16:27:28 +0100

Another writer has come out strongly in support of providing tax incentives for companies investing in SME's. Similar incentives have been implemented with great effect in the USA and UK and would be a welcome support for entrepreneurs in South Africa.