Non-Repayable Business Grants in South Africa
Sep 26, 2022 · Non-repayable business grants are a type of development funding offered by the South African government to support the growth of small and micro businesses. The advantage of these types of government grants is that you don’t have to return the money or pay interest on it. There are two types of business grants: Those that cover 100% of the ...
8 Best and Cheapest Courier Services in SA | SME SA - SME South …
Aug 5, 2022 · Here is a breakdown of eight of the best and cheapest courier service options that operate around the country. 1. The Courier Guy. The Courier Guy is one of the biggest, and most reasonably priced, courier companies in South Africa. If you’re looking for a cheap courier service with a good reputation, then this is a top company to consider.
The Basics of Registering a Small Business in South Africa
Aug 15, 2024 · The process: According to the CIPC, if your initial name reservation application is not approved, you will need to apply for new names. During each application process, you may apply for up to four names. The cost: Each name reservation application respectively costs R 50 online and R 75 manually. A company registration may vary between R 125 and R 475 (R 125 for a private company, R 475 for a ...
A Guide to SEDA Funding - SME South Africa
Sep 19, 2022 · Capital is a requirement for most new businesses whether it’s needed to acquire stock and equipment, or pay salaries and rent. While there are many avenues available to small businesses looking to secure funding – including traditional lenders such as banks or private investment firms – most business owners’ first port of call …
Formal and Informal Business in South Africa
May 6, 2022 · The formal sector is the part of South Africa’s economy that includes all formal businesses that pay their taxes and are regulated. This sector includes the most widely known private businesses. It could include anything from grocery stores to restaurants, petrol stations, banks, insurance companies, and many more.
DTI Funding for Small Business - SME South Africa
Apr 5, 2022 · A DTI funding grant refers to this business financing. The Department of Trade and Industry and its various subsidiaries are focused on promoting economic development, black economic empowerment, international trade, consumer protection, and implementing commercial law. DTI grants are provided to qualifying small businesses in order to increase ...
Licensing and Permits For The Food Industry | SME SA
Feb 9, 2023 · Within the food service industry, the most important regulations is to comply with health and safety permits, licenses for selling liquor and tobacco, and zoning permits to operate in certain locations. So, if you are a business owner operating a restaurant, hotel and inn, or even catering and vending companies, this article answers a few ...
A List of Investors that Back SA Startups | SME South Africa
Jul 9, 2024 · Naspers Foundry is a R 1,4 billion start-up fund that backs South Africa-focused technology start-ups. Naspers has said it will invest a total of R 4,6-billion over the next three years in the local technology sector. The Vumela Fund, a R 588 million social venture capital fund, is managed by Edge Growth on behalf of the Vumela Trustees.
Starting a Private Company in South Africa | SME South Africa
Sep 29, 2023 · Starting a company in South Africa requires entrepreneurs to navigate many legal and regulatory requirements. One crucial early decision for business owners is determining the ownership structure of their business. This choice will have an impact on the legal requirements for your businesses, including reporting, compliance and tax requirements; as well as your exposure to personal liability.
A Guide on Small Business Tax - SME South Africa
Jun 23, 2024 · SBCs can access extra tax incentives, including a reduced tax rate. According to SARS, the small business tax rates are as follows for the current financial year: Taxable Income (R) Rate Of Tax (R) R 1 – R 91 250. 0% of taxable income. R 91 251 – R 365 000. 7% of taxable income above R 91 250. R 365 001 – R 550 000.