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What is a small business?

Legally, a small business can take a number of forms. You could, for instance,

  • start your own from scratch - if you have an original idea, 
  • buy an existing business or
  • to buy a franchise.

All of these business entities could exist in various shapes and sizes. Where do you stand? It's useful to check in which industry category you fall, based on the definitions given by the National Small Business Act:
Source: www.seda.org.za

Sector/sub-sectors in
accord with the
Standard Industrial
Classification
Size or
class
Total
full-time
equiv.
of paid employees


Less than
Total annual
turnover




Less than
Total gross asset
value (fixed
property excl.)


Less than
Agriculture Medium Small
Very small
Micro
100
50
10
5
R 5.00 m
R 3.00 m
R 0.50 m
R 0.20 m
R 5.00 m
R 3.00 m
R 0.50 m
R 0.10 m
Mining and Quarrying Medium Small
Very small
Micro
200
50
20
5
R90.00 m
R 10.00 m
R 0.40 m
R 0.20 m
R23.00 m
R 6.00 m
R 2.00 m
R 0.10 m
Manufacturing Medium Small
Very small
Micro
200
50
20
5
R51.00 m
R13.00 m
R 5.00 m
R 0.20 m
R19.00 m
R 5.00 m
R 2.00 m
R 0.10 m
Electricity, Gas and Water Medium
Small
Very small
Micro
200
50
20
5
R51.00 m
R13.00 m
R 5.10 m
R 0.20 m
R19.00 m
R 5.00m
R 1.90 m
R 0.10 m
Construction Medium Small
Very small
Micro
200
50
20
5
R26.00 m
R 6.00 m
R 3.00 m
R 0.20 m
R 5.00 m
R 1.00 m
R 0.50 m
R 0.10 m
Retail and Motor Trade
and Repair Services
Medium Small
Very small
Micro
200
50
20
5
R39.00 m
R19.00 m
R 4.00 m
R 0.20 m
R 6.00 m
R 3.00 m
R 0.60 m
R 0.10 m
Wholesale Trade, Commercial Agents and Allied Services Medium
Small
Very small
Micro
200
50
20
5
R64.00 m
R32.00 m
R 6.00 m
R 0.20 m
R10.00 m
R 5.00 m
R 0.60 m
R 0.10 m
Catering, Accommodation and other Trade Medium
Small
Very small
Micro
200
50
20
5
R13.00 m
R 6.00 m
R 5.10 m
R 0.20 m
R 3.00 m
R 1.00 m
R 0.90 m
R 0.10 m
Transport, Storage and Communications Medium
Small
Very small
Micro
200
50
20
5
R20.00 m
R10.00 m
R 2.00 m
R 0.15 m
R 6.00 m
R 3.00 m
R 0.60 m
R 0.10 m
Finance and Business Services Medium
Small
Very small
Micro
200
50
20
5
R26.00 m
R13.00 m
R 3.00 m
R 0.20 m
R 5.00 m
R 3.00 m
R 0.50 m
R 0.10 m
Community, Social and Personal Services Medium
Small
Very small
Micro
200
50
20
5
R13.00 m
R 6.00 m
R 1.00 m
R 0.15 m
R 6.00 m
R 3.00 m
R 0.60 m
R 0.10 m

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