Thorough research of funding sources is essential, along with aligning your application with your business needs and the funder’s criteria. Clearly demonstrate how your business will contribute to job creation, … More
A detailed business plan with financial projections is essential. You’ll also need proof of business registration, personal and business tax clearance certificates, and comprehensive market research. Bank statements (typically 3 … More
Many funding programmes exclude certain sectors or activities. Common exclusions include gambling/gaming, pyramid schemes, loan sharking, sex industries, businesses involved in illegal activities, and the manufacturing of tobacco products. Some … More
The National Youth Development Agency (NYDA) Grant Programme provides financial and non-financial support to young entrepreneurs aged 18-35 to establish or grow their businesses. Funding ranges from R1,000 to R200,000 … More
Qualifying criteria often include being a registered South African company with the CIPC, operating for at least six months to a year, maintaining an active business bank account, and demonstrating … More
A wide range of funding options exist, including government grants, loans from banks and development finance institutions (DFIs) like the Industrial Development Corporation (IDC) and Small Enterprise Development and Finance … More
Businesses involved in imports and exports must register with SARS as an importer or exporter. They need to ensure that goods are properly declared on the correct tariff classification and … More
Capital Gains Tax (CGT) is a tax on the profit made when selling an asset. It applies to the disposal or deemed disposal of assets by South African residents (anywhere … More
Businesses can claim various deductions and allowances against their taxable income, including wear and tear (depreciation) on assets like machinery and equipment, allowances on expenditure related to intellectual property (patents, … More
A business is required to register for VAT if its total taxable supplies (turnover) exceed R1 million in any consecutive 12-month period or will exceed this amount in the next … More