SMME NEWS - FEB 2018 ISSUE
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<strong>SMME</strong> News @smme_news @smmenews <strong>SMME</strong> News<br />
<strong>SMME</strong> News<br />
MORE THAN 240 000 READERS, 30 000 copies distributed throughout EThekwini Metropolitan, ILembe District,<br />
UGU District Portshepstone & Pietermaritzburg Issue No 15 : February <strong>2018</strong><br />
Tel: 031 307 1988 - Email: news@smmenews.co.za, Website: www.smmenews.co.za<br />
SONA<br />
Page 3<br />
FRANCHISE OPPORTUNITIES<br />
Page 4<br />
THIS IS MY<br />
STORY<br />
Page 6<br />
TAX EDUCATION<br />
SESSIONS<br />
Page 7<br />
Premier South African businesses honoured<br />
THE faces of all the winners at the Premier South African Business Awards<br />
Marvellous Zondi<br />
THE Department of Trade and<br />
Industry in conjunction with<br />
various stakeholders hosted<br />
the 5th edition of the South African<br />
Premier Business Awards at Sandton<br />
Convention Centre on 30 January <strong>2018</strong><br />
under the theme ‘Rewarding Business<br />
Excellence.’<br />
There were ten categories with thirty<br />
companies vying for top honours.<br />
The categories included among others<br />
the <strong>SMME</strong> Award which was won by<br />
Memeza Shout (Pty) Ltd.<br />
Memeza Shout is a Safety Programme<br />
that empowers homeowners in low<br />
income residential areas through a<br />
network of smart passive alarms linked<br />
to SAPS sector policing vehicles, police<br />
stations, community policing forums<br />
and trusted neighbours.<br />
On activation SMSes are sent to<br />
preselected cell numbers alerting the<br />
police station and the CPF. A siren<br />
mounted outside the home alerts<br />
the broader community and repels<br />
intruders.<br />
According to the Minister of Trade and<br />
Industry, Dr Rob Davies these awards<br />
recognise business excellence and<br />
celebrate enterprises that promote the<br />
spirit of success and innovation as well<br />
as job creation, good business ethics<br />
and quality.<br />
“The awards are an opportunity for<br />
government, and South Africa as<br />
a whole, to recognise exceptional<br />
businesses and the businesspeople who<br />
drive them, ranging from emerging<br />
start-ups to established business<br />
institutions. These awards bring<br />
together all single-sectored awards,<br />
including technology, manufacturing<br />
and women in business.<br />
The awards honour companies and<br />
enterprises that promote the spirt of<br />
success and innovation along with job<br />
creation, business ethics and quality,”<br />
Here are the winners in all categories;<br />
Black Industrialist Award – Thata<br />
Ubeke Manufacturing, Enterprise<br />
Development – Sumitomo Rubber SA,<br />
Exporter Award – Aerosud Aviation,<br />
Investor Award – Sumitomo Rubber<br />
SA, Manufacturer Award – Thata<br />
Ubeke Manufacturing, Play your<br />
part Award – Clover Mama Afrika<br />
Trust, Proudly South African Member<br />
Company Award – La Van Skin and<br />
Body Excellence System, <strong>SMME</strong> Award<br />
– Memeza Shout, Women-owned<br />
business award – BBD Steel Supplies<br />
and Young Entrepreneur Award-<br />
Grindbow Engineers and Technical<br />
Services.
<strong>SMME</strong><br />
<strong>NEWS</strong> February <strong>2018</strong><br />
2<br />
Uchungechunge lokufukula<br />
osomabhizinisi abancane<br />
<strong>SMME</strong> News<br />
Team<br />
Contact us: 031 307 1988<br />
Send us your opinions or news:<br />
news@smmenews.co.za<br />
Advertise with us: sales@<br />
smmenews.co.za<br />
Tinky Ogle: Publisher - tinky@<br />
smmenews.co.za<br />
Fanele Mpanza<br />
Marketing Manager<br />
Mandisa Magadla<br />
Research & Admin Intern<br />
Marvellous Zondi:<br />
Journalist & Content Manager<br />
Kgosi Kgalegi<br />
Business Development<br />
UNKSZ. Lungi Dube ongusomabhizinisi osamncane kodwa ohlose ukucathulisa abanye.<br />
Nkosikhona Cele<br />
USEMBHIDLANGWENI<br />
wokufukula osomabhizinisi<br />
abasafufusa owesifazane<br />
ongusomabhizinisi osamncane kodwa<br />
osedlondlobele kwezamabhizinisi.<br />
Loyo ngu Nkz. Lungi Dube<br />
ngokuzalwa ongowakwaNdengezi,<br />
entshonalanga yeTheku. UNkz Dube<br />
kuyimanje unenkampani, i-Think<br />
Fresh Consultant egxile kakhulu<br />
ekufukuleni amaciko asafufusa<br />
endimeni yomculo.<br />
Ukudlondlobala kwenkampani yakhe,<br />
uthi yikhona kanye osekumphonsele<br />
inselelo yokuthi angabi ngugombela<br />
kwesakhe, ancintshane ngolwazi<br />
kodwa kunalokho aludlusile<br />
nakwabanye lolu lwazi analo<br />
lwezamabhizinisi. Ukuchaze njengento<br />
ewumgogodla wokuphumelela kwabo<br />
bonke osomabhizinisi ukucobelelana<br />
ngolwazi.<br />
Lo wesifazane uthe usethathe<br />
isinqumo sokuthi aqale<br />
uchungechunge lwezigcawu,<br />
inhlosongqangi yazo ukuhlanganisa<br />
abantu abasha abanesifiso sokungena<br />
kwezamabhizinisi.<br />
Lezi zigcawu uthe zizobonakala<br />
zisabalala ezindaweni ezahlukene<br />
ikakhulukazi emalokishini. Uveze<br />
ukuthi kulo mbhidlango wakhe<br />
wesekwe kakhulu uMasipala weTheku<br />
kanye nabanye osomabhizinisi<br />
abehlukene. “Kuyisifiso sami esikhulu<br />
kunazo zonke ukubona abantu<br />
abasha bephumelela kukhona konke<br />
okuhle abasuke bezifisela khona.<br />
Angiphathi ke uma kuya ngokuthi<br />
bafisa ukungena emabhizinisini, ngiye<br />
ngithande ukuthi nami kube khona<br />
engibalekelela ngakho kulokho.”<br />
Eqhubeka echaza uthe kulula kakhulu<br />
ukuba omunye umuntu aphumelele<br />
uma ezothola ithuba lokuthi aboniswe<br />
ngomunye umuntu, ikakhulukazi loyo<br />
oseyihambile leyo ndlela. Ugcizelele<br />
kakhulu ukuthi naye kwamsiza<br />
kakhulu ukusondelana nabanye<br />
osomabhizinisi asebehambe ibanga<br />
elide kule ndima yezamabhizinisi.<br />
“Angifuni ukuqamba amanga<br />
ukungena ebhizinisini akuyona into<br />
elula, kudinga umuntu ozimiselelayo<br />
kakhulu futhi owuthandayo kakhulu<br />
nomsebenzi wakhe. Okukhulu<br />
kunakho konke kumele uzifundise<br />
nokuthi ufune ulwazi oluzokukhulisa<br />
nakwabanye abantu,” kuchaza uDube.<br />
Lezi zigcawu zokucobelelana ngolwazi<br />
ziyaqhubeka ezindaweni ezahlukene<br />
kwazise ngaphambi kokuba kusongwe<br />
unyaka owedlule bese zivele ziqalile.<br />
Phakathi kwezinye zezindawo<br />
azihambelile, singabala indawo ya<br />
KwaMashu enyakatho yeTheku,<br />
yiseMlazi eningizimu yeTheku,<br />
KwaNdengezi kanye nase Mandeni<br />
oGwini olusenyakatho ye sifundazwe<br />
i-KwaZulu Natal.<br />
Echaza ngokusabalala kwalezi<br />
zigcawu, uthe yingoba abantu<br />
abasha abanentshisekelo yokungena<br />
kwezamabhizinisi batholakala kusona<br />
sonke isifundazwe iKwaZulu-Natal<br />
ngaleyo ndlela lolu hlelo lwakhe<br />
abekho oluzobakhipha inyumbazane,<br />
ezeseka ngokuthi luzobanakala<br />
emalokishini, emadolobheni<br />
nasemaphandleni imbala.<br />
Okunye athe kuzohluka ngalezi<br />
zigcawu kulo nyaka wukuthi<br />
luzobonakala lungena shi nasezikoleni<br />
kanye nasezikhungweni zemfundo<br />
ephakame.<br />
Jabulani Khumalo<br />
Sales & Distribution Manager<br />
Siyabonga Sikhakhane<br />
Graphics and Sub-editing<br />
Bongani Dlamini<br />
Media Production & IT<br />
Mandy Zithutha<br />
Public Relations Intern<br />
5th floor Smart Xchange building, 5 Walnut Road, Durban, 4001 M : +2771 710 7943 T:+2731 307 1988 www.smmenews.co.za<br />
<strong>SMME</strong> <strong>NEWS</strong>PAPER subscribes to the South African<br />
Press Code that prescribes news that is truthful,<br />
accurate, fair and balanced. If we don’t live up to<br />
the Code please contact the Press Ombudsman<br />
at 011 484 3612/8, fax: 011 4843619
February <strong>2018</strong><br />
President vows to reduce<br />
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
3<br />
regulatory barrier for <strong>SMME</strong>s<br />
Marvellous Zondi<br />
ON Friday, 16 February <strong>2018</strong>,<br />
South Africa’s newly sworn<br />
president, Cyril Ramaphosa,<br />
delivered his first State of the Nation<br />
Address in Parliament where he<br />
emphasised on the importance<br />
of <strong>SMME</strong>s in the growth of our<br />
economy.<br />
Ramaphosa previously served as<br />
the Deputy President of the country<br />
and recently took over as president<br />
following the resignation of Jacob<br />
Zuma.<br />
In his address Ramaphosa lauded<br />
the work put in by small business<br />
owners and further stated that<br />
the government will intervene in<br />
ensuring that small businesses<br />
continue to thrive.<br />
“Ultimately, the growth of our<br />
economy will be sustained by<br />
small businesses, as is the case in<br />
many countries. It is our shared<br />
responsibility to grow this vital<br />
sector of the economy. We will work<br />
with our social partners to build a<br />
SOUTH African president Cyril Ramaphosa during the SONA<br />
small business support ecosystem<br />
that assists, nourishes and promotes<br />
entrepreneurs” said Ramaphosa<br />
before adding that the government<br />
will honour its undertaking to<br />
set aside at least 30 percent of<br />
public procurement to <strong>SMME</strong>s,<br />
cooperatives and township and rural<br />
enterprises.<br />
“We will continue to invest in small<br />
business incubation. We encourage<br />
business to do the same. The<br />
establishment through the CEOs<br />
Initiative of a small business fund<br />
– which currently stands at R1.5<br />
billion – is an outstanding example<br />
of the role that the private sector<br />
can play. Government is finalising a<br />
small business and innovation fund<br />
targeted at start-ups”<br />
The president also vowed to reduce<br />
the regulatory barriers for small<br />
businesses. Over the years the<br />
progress of small businesses has<br />
been hindered by regulations when<br />
trying to venture into other business<br />
spheres or access funding.<br />
“We will reduce the regulatory<br />
barriers for small businesses. We are<br />
also working to expand economic<br />
opportunities for people with<br />
disabilities. Among other things, the<br />
Small Enterprise Finance Agency<br />
– SEFA – has launched a scheme<br />
to develop and fund entrepreneurs<br />
with disabilities called the<br />
Amavulandlela Funding Scheme”<br />
further said Ramaphosa.<br />
The president also cited that the<br />
process of industrialisation must be<br />
underpinned by transformation.<br />
“Through measures like preferential<br />
procurement and the black<br />
industrialists programme, we are<br />
developing a new generation of<br />
black and women producers that<br />
are able to build enterprises of<br />
significant scale and capability.<br />
We will improve our capacity to<br />
support black professionals, deal<br />
decisively with companies that resist<br />
transformation, use competition<br />
policy to open markets up to new<br />
black entrants, and invest in the<br />
development of businesses in<br />
townships and rural areas.”<br />
Maphumulo Municipality brings light to small business<br />
MAPHUMULO Municipality Mayor, Cllr. Zibuyisile Khuzwayo-Dlamini, during the launch of<br />
the electrification projects.<br />
<strong>SMME</strong> Staff Reporter<br />
MAPHUMULO Local Municipality<br />
created a room for <strong>SMME</strong>s under<br />
this municipality to thrive when<br />
they introduced four electrification<br />
projects within the precinct of<br />
businesses as well as residential<br />
areas. Maphumulo is home to mostly<br />
indigent people who rely on starting<br />
small businesses to make ends meet.<br />
Electricity will go a long way in<br />
ensuring that such businesses get a<br />
much needed facelift.<br />
Electricity was one of the first<br />
priorities on the Maphumulo<br />
Municipality Integrated<br />
Development Plan since the new<br />
council came into office. These<br />
electrification projects were<br />
introduced on 16 January <strong>2018</strong> by<br />
Her Worship the Mayor Zibuyisile<br />
Khuzwayo-Dlamini.<br />
These projects will cover Zagqayini,<br />
Shikishi, Wolongo, Mvozane,<br />
Mansomini, Snamfini and Mzulwini<br />
area. The aforementioned projects<br />
will go on for the duration of<br />
five months and will bring job<br />
opportunities as well as benefit local<br />
<strong>SMME</strong>s in Maphumulo area.<br />
The Mayor also introduced the<br />
constructors to the community and<br />
urged the community to give them<br />
Introduction of<br />
additional payment<br />
method<br />
NOTICE 40 OF 2017<br />
CIPC strives to improve customer<br />
service. As part of the process, CIPC<br />
will be introducing an additional<br />
payment method. In terms of this<br />
new payment method, customers<br />
will be allowed to used debit and<br />
credit cards directly after selecting<br />
a service on its website www.cicp.<br />
co.za. Formal introduction of the<br />
payment method and affected<br />
services will be communicated closer<br />
to the time of introduction.<br />
This payment method will be<br />
introduced gradually over the<br />
coming months by adding more<br />
and more electronic services onto<br />
this payment platform. The current<br />
payment platform, where customers<br />
make bulk deposits into a customer<br />
code and transactions being<br />
deducted as and when a service is<br />
used, will be phased out.<br />
The first service for which<br />
the payment solution will be<br />
full cooperation, time and patience<br />
needed in order to complete the<br />
project with ease. The projects have<br />
already started.<br />
implemented, is annual returns.<br />
Kindly refer to the next page for a<br />
brief step by step guide on how the<br />
solution will be implemented for<br />
annual returns.<br />
Benefits of new payment solution<br />
<br />
immediate;<br />
<br />
service or services, which has the<br />
additional benefit that a single<br />
payment may be made for multiple<br />
services;<br />
<br />
unallocated payments;<br />
Customers will pay the exact amount<br />
for specific transactions;<br />
As this payment method is phased<br />
for specific services, the payment<br />
method for the remaining services<br />
will continue as normal.<br />
Further enquiries, kindly log a ticket<br />
via www.cicp.co.za/enquires. Select<br />
the department of Finance and the<br />
category as Card Payments.
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
4<br />
February <strong>2018</strong><br />
OyewoAdetola Elizabeth<br />
OLLOWING the new eThekwini<br />
Municipality draft rates policy<br />
<strong>2018</strong>/2019, <strong>SMME</strong> News took an<br />
interest in commercial investment in<br />
Durban CBD.<br />
A Question and Answer session<br />
was hosted by Ourportion property<br />
Development on 20 January, <strong>2018</strong> at<br />
40 Fenton Lane and 24 Fenton Lane,<br />
Durban CBD. This was a platform of<br />
investment opportunity that targets<br />
young black people who usually do<br />
not have money to buy into big and<br />
established properties. Ourportion<br />
property Development also embarked<br />
on the 40 and 24 property project<br />
refurbishment as part of the urban<br />
regeneration of the eThekwini<br />
Municipality. Based on interview and<br />
tour of the property, <strong>SMME</strong> News<br />
gathered that 40 Fenton Lane, Durban<br />
CBD was formerly a post office while,<br />
24 Fenton Lane, Durban CBD was<br />
formerly a blacksmith and shipping<br />
training school.<br />
In an interview with one the attendees,<br />
Elucid, a young property developer,<br />
<strong>SMME</strong> News probed reasons why<br />
accommodation rental is difficult in<br />
Durban CBD unlike Johannesburg.<br />
“Some of the properties in Durban<br />
are either inherited or bought by rich<br />
landlord who are either resident in<br />
Johannesburg. Some of these landlords<br />
have about fifteen houses, some in<br />
dilapidated conditions, but they lock it<br />
up and do not mind’ said Elucid.<br />
In an interview with Mondli Mungwe,<br />
one of the managers of the 40 Lane<br />
project, <strong>SMME</strong> News gathered that the<br />
company’s name itself ‘our portion<br />
property’ implies inclusiveness<br />
of black South Africans in access<br />
to landed property through the<br />
investment opportunity. Our portion<br />
property Development project has 8<br />
earmarked buildings on Hermitage<br />
Road & Fenton Lane Durban CBD,<br />
kicking off with 3 buildings initially<br />
which are number 24, 38, 40 Fenton.<br />
As a company , Our portion property<br />
Development have purchased the<br />
buildings and have developed a<br />
business model to offer shares to the<br />
average person keen to start their<br />
property portfolio or gain access into<br />
Durban commercial property. Each<br />
building is divided into 2000 shares,<br />
where the company owns 1000 shares<br />
and are selling off 1000 shares per<br />
building to investors. Each building’s<br />
value is different and that value<br />
determines the value of each share.<br />
Marvellous Zondi<br />
The rand recently hit an all-time<br />
high trading below the psychological<br />
R12 per dollar. The news was well<br />
received from all corners of South<br />
Africa, but what does this mean for<br />
small business owners?<br />
When the rand does well it means<br />
great news for <strong>SMME</strong>s but when<br />
it does poorly the effects can be<br />
particularly damaging for small<br />
businesses, which often lack the<br />
resources to face dire economic<br />
challenges.<br />
There are a lot of reasons why the<br />
rand may decline. One of these is the<br />
fall in global commodity prices. This<br />
negatively affects a lot of countries<br />
like South Africa since we are a<br />
commodity-producing country.<br />
Other factors include the<br />
increasing price of crude oil, a<br />
lack of foreign investment, an<br />
Commercial Investment<br />
in Durban CBD<br />
They have also launched with the<br />
following: 38 Fenton at R3850 per<br />
share (SOLD OUT), Fenton House (3<br />
Units Available); 40 Fenton at R4000<br />
per share (Shares are available), and 24<br />
Fenton at R3000 per share (Shares are<br />
available)<br />
The Shares are sold for a minimum of<br />
10 and a maximum of 100 shares per<br />
investment per building. Less than 10<br />
shares is not worth the administrative<br />
The rise and decline of the rand, why should it concern <strong>SMME</strong>s?<br />
increased current account deficit,<br />
a struggling manufacturing sector,<br />
strikes (specifically in the mining<br />
industry), the on-going power crisis,<br />
insufficient local savings and a weak<br />
gross domestic product (GDP).<br />
The weaker the rand, the more<br />
businesses struggle to make profits.<br />
Big corporations usually survive<br />
such trying times because they have<br />
a huge clientele and they are usually<br />
equipped to survive regardless of<br />
how the economic outlook of a<br />
country gets. But what happens to<br />
<strong>SMME</strong>s with a small clientele and no<br />
financials injections to help propel<br />
them out of trying times?<br />
Small companies that import items<br />
for their businesses or have to make<br />
payments in foreign currency are<br />
mostly affected. When the rand<br />
declines in value and crude oil<br />
prices rise, our petrol prices go up.<br />
In turn, this causes high inflation<br />
costs for lawyers and accountants to<br />
process the share investment and issue<br />
share certificate and over 100 shares<br />
goes against the business model which<br />
is to bring on as many new property<br />
investors as they can into the market.<br />
The rationale for this is to avoid big<br />
investors or corporate companies<br />
snatching up all the shares and leaving<br />
no opportunity for the new investors.<br />
The building at 40 Fenton Lane has an<br />
and ultimately reduces the amount<br />
of money that businesses can make.<br />
The rising price of oil also has a<br />
direct impact on businesses in<br />
transport and logistics, where petrol<br />
prices affect operational costs.<br />
It is important for <strong>SMME</strong>s to root<br />
for the economy of the country<br />
to do well as this has both direct<br />
and indirect implications for their<br />
businesses. One way or the other,<br />
businesses feel the wrath of a dire<br />
economic situation.<br />
When the economic outlook of our<br />
country is in ICU, it means that<br />
investors will pull the plug on our<br />
country. Usually investors have a<br />
lot of funding projects as they are<br />
somewhat bound to give back to the<br />
community. If there are no investors,<br />
it also means that there are little to<br />
no funding opportunities available.<br />
anchor tenant which is the Dr Pixley<br />
KaSeme Foundation Trust which is<br />
opening an inner-city Art Gallery<br />
and aims to offer youth artists the<br />
opportunity to use art in telling their<br />
historical stories, in an effort to allow<br />
South African history to be told as<br />
according to the people. The upper<br />
2 floors are set to be renovated into<br />
residential apartments, well designed<br />
to fit the needs of inner-city millennials<br />
Construction industry<br />
experts convene<br />
<strong>SMME</strong> Staff Reporter<br />
Durban Exhibition centre hosted<br />
KZN Construction Expo which is<br />
the largest building and construction<br />
show in the province on 07-08<br />
February <strong>2018</strong>.<br />
Suppliers and solution providers to<br />
the construction industry convened<br />
to showcase what they have to offer<br />
while mingling with other industry<br />
experts in the construction business.<br />
Well over 80 exhibiting companies<br />
formed part of this expo in <strong>2018</strong>,<br />
showcasing products for preconstruction<br />
and post construction<br />
phases of the construction cycle as<br />
well as Chemicals, tools, equipment,<br />
at affordable rental prices and offering<br />
semi-furnished options. Currently<br />
the building is going through its first<br />
phase of renovations and occupancy.<br />
It is planned that the art museum will<br />
be occupying the ground floor from 1<br />
February <strong>2018</strong>. While the top floors for<br />
residential apartments are now being<br />
used as commercial/retail space.<br />
“These tenants will be relocated to<br />
another building in the node once we<br />
start the second phase of renovations of<br />
the apartments.”<br />
The property at 24 Fenton is managed<br />
by Matimba Ngwenya. The proposed<br />
plan for the project is business model<br />
of back packer and tourism.<br />
Our portion Property Development<br />
claims that individuals who invest are<br />
expected to see a return on investment<br />
by getting solid tenants for the<br />
building on long term lease with rental<br />
escalation every year. Shareholder<br />
makes a profit off the rent. The ROI<br />
is available once per financial year<br />
(February) with the option to either<br />
withdraw gains, cash out, re- invest,<br />
or sell back to the company. With the<br />
addition of property prices increasing<br />
year on year as the property market<br />
enjoys a resurgence, this means at<br />
the current rate 1 share carries R4000<br />
value. Next year the value goes up<br />
when bank reevaluates the asset so the<br />
shareholder gets profits off the rental<br />
and enjoys growth in the share year on<br />
year as the value of the asset increases.<br />
The investment process will require<br />
FICA collection, FICA documentation<br />
and Share Sale Agreement.. The<br />
purchase reference number will be<br />
provided to investment for payment<br />
into the lawyer’s trust account. While<br />
share certificate will be issued to<br />
investors once payment has been<br />
received.<br />
For more information contact Mondli<br />
Mungwe at mhvmungwe@gmail.com<br />
or on 0840115789<br />
finishes, materials and contracting<br />
services.<br />
According to the KZN construction<br />
website, The KZN Construction<br />
Expo is the only multi-disciplinary<br />
show for Kwazulu-Natal’s built<br />
environment focusing on buyer and<br />
seller engagements through freeto-attend<br />
content and face-to-face<br />
interactions under one roof. With<br />
thousands of attendees ranging<br />
from small contractors through<br />
to architects, quantity surveyors,<br />
property developers, government<br />
and industry associations.<br />
Next year the expo will take centre<br />
stage at the same venue on 20-21<br />
February.
February <strong>2018</strong><br />
<strong>SMME</strong>, what you should know<br />
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
5<br />
So, you want to be an<br />
entrepreneur? Why?<br />
It is because you have to?<br />
It is because you want to?<br />
Whatever your reason, we’re going to<br />
go on a journey to teach you how to<br />
become the best entrepreneur you can<br />
be.<br />
<strong>SMME</strong> News will help you understand<br />
the recipe for business success, and<br />
support you in your effort to take your<br />
business idea and develop it into a great<br />
business.<br />
But before we start looking at the<br />
specifics, we need to look at exactly<br />
what we mean when we use the word<br />
‘entrepreneur’, the positives and<br />
negatives of being an entrepreneur, and<br />
get you to ask yourself questions about<br />
how you fit into the mould of being an<br />
entrepreneur.<br />
How does your definition compare to<br />
this one?<br />
An entrepreneur is someone who<br />
owns and runs a small business, who<br />
is responsible for the risks and reaps<br />
the rewards, and is committed to<br />
the growth and development of the<br />
business. An entrepreneur is a person<br />
who has created his/her own job rather<br />
than taking one from someone else.<br />
Did you come up any of these?<br />
<br />
<br />
<br />
<br />
<br />
unemployed<br />
<br />
opportunity<br />
Now, have a look at these<br />
characteristics:<br />
Entrepreneurs are:<br />
they don’t take foolish<br />
risks, but rather look at business<br />
opportunities and make a decision after<br />
looking at things very carefully. This is<br />
what we call a calculated risk.<br />
being confident means<br />
that you believe in yourself no matter<br />
what, especially in the bad time!<br />
they take responsibility<br />
for their own lives, and often for other<br />
people’s lives, such as people that they<br />
employ.<br />
they have more energy<br />
than the average person. And they need<br />
it, especially when starting a business<br />
because it means long hours and lots of<br />
hard work.<br />
they know where they’re<br />
going and how they’re going to get<br />
there.<br />
they want to win and<br />
succeed.<br />
they work where towards<br />
their goals and don’t get distracted by<br />
other things.<br />
they get straight to the point<br />
and do the business that needs to be<br />
done.<br />
they have<br />
many skills and those they don’t have<br />
they find someone who can help them.<br />
They always want to learn something<br />
new, and are always looking at ways to<br />
make their business better.<br />
they don’t give up easily!!<br />
Advantages:<br />
<br />
<br />
to do<br />
<br />
<br />
<br />
Disadvantages:<br />
You should always remember the<br />
drawbacks or negatives. Are you<br />
prepared for the things that aren’t all<br />
that positive?<br />
<br />
Like these:<br />
<br />
<br />
committed<br />
<br />
<br />
<br />
<br />
of your business<br />
<br />
Why do some businesses succeed and<br />
others fail?<br />
It is important that we look at why<br />
businesses fail because then you’ll know<br />
what to avoid in starting and running<br />
your own business, and thereby increase<br />
your chance of success.<br />
(1) Lack of management skills<br />
Some entrepreneurs don’t have the<br />
leadership ability to run a business.<br />
Also, they don’t have the necessary<br />
knowledge to manage a business.<br />
(2) Lack of knowledge and/or<br />
experience<br />
Entrepreneurs need to have experience<br />
in the type of business they want to<br />
run. For example, if you want to start<br />
a retail clothing business, you should<br />
first work in a retail clothing store<br />
to gain some experience of how the<br />
business operates. If you don’t have the<br />
experience, you most certainly need<br />
knowledge of the type of business you’re<br />
interested in. for example, if you want<br />
to start a building business, you are<br />
destined to fail if you don’t have a basic<br />
qualification in the skills that you need,<br />
such as brick laying, plastering etc.<br />
(3) Shortage of capital<br />
Many entrepreneurs make the mistake<br />
of starting with too little money, or they<br />
struggle to get money to operate their<br />
business. Very often they underestimate<br />
the costs involved when starting a<br />
business.<br />
(4) Customer credit<br />
For many small businesses there is<br />
pressure to sell on credit rather than<br />
COD (cash in delivery). However,<br />
you cannot sell everything on credit,<br />
otherwise you won’t have cash for the<br />
day to day running of the business.<br />
(5) Poor planning<br />
Many entrepreneurs do not realize the<br />
importance of planning. A business<br />
needs to be planned. Most businesses<br />
that fail have not had a well thought out<br />
plan.<br />
(6) Over – investing in assets<br />
Entrepreneurs need money to run the<br />
business, but they also need assets.<br />
Often they buy too many assets and<br />
then do not have enough money to run<br />
their business.<br />
(7) Stock shortage<br />
when a business does not have<br />
enough stock to sell, customers can<br />
become angry and stop supporting the<br />
business. Another problem is that many<br />
businesses have too much of the wrong<br />
stock.<br />
(8) Lack of support<br />
Entrepreneurs need to have a lot of<br />
support when starting a business. If an<br />
entrepreneur does not have support<br />
from customers, friends and family then<br />
the business can fail.<br />
(9) Unethical behavior<br />
Entrepreneurs must practice ethical<br />
behavior. This means that they must<br />
be honest in the way they run their<br />
businesses. Entrepreneurs who cheat<br />
or are dishonest may score for a short<br />
period but, over time, they usually lose.<br />
(10) Poor financial management<br />
A lot of entrepreneurs spend the money<br />
the money the business makes, and<br />
forget to put some of this money back<br />
into the business to make it bigger and<br />
better. Don’t spend all your profits!!<br />
(11) Unrealistic expectations<br />
Unrealistic business owners are business<br />
owners who fail. Those who are<br />
successful have realistic goals and set<br />
their sights on what they can achieve.<br />
Success doesn’t happen overnight, but<br />
requires hard work and effort.<br />
(12) Weak communication skills<br />
A person might have the best skills and<br />
most amazing product but if he/she<br />
doesn’t have the communication skills<br />
to sell it to the world, the business is<br />
doomed.<br />
(13) Complacency<br />
Business is a competition, and you<br />
must always be working to be better<br />
than your competitors. If you become<br />
complacent (too relaxed), your<br />
competitors will overtake you.<br />
Is failure bad?<br />
Absolutely not!!<br />
Most of the top entrepreneurs in the<br />
world have failed at some time in their<br />
careers. The difference is that they didn’t<br />
look for excuses, nor did they give up.<br />
Instead, they learnt from their errors<br />
and tried even harder, making sure not<br />
to make the same mistakes again.<br />
Here are the biggest myths about<br />
failure:<br />
<br />
everybody to success<br />
<br />
the journey to success<br />
<br />
you see as success and what as failure<br />
<br />
be afraid of failure. When you’re not<br />
scared, that’s when you’ll succeeds<br />
<br />
look at failure in perspective<br />
The entrepreneurial profile<br />
Now that you have a better idea of what<br />
an entrepreneur is, we need to ask the<br />
big question – Are you an entrepreneur?<br />
The only way you can answer this<br />
question is if you know who you are.<br />
We will guide you in finding out more<br />
about yourself by asking you questions,<br />
and making you think about some<br />
important aspects of what makes you<br />
who you are.<br />
The purpose of this section of the unit<br />
is not to judge you, but rather to help<br />
you know yourself better, you don’t have<br />
to share any of your answers, so be as<br />
honest as possible<br />
To start, answer these rather difficult<br />
questions in your mind:<br />
<br />
expected of you in starting up a<br />
business?<br />
<br />
business success depends on your own<br />
efforts?<br />
<br />
are involved in running you’re on<br />
business?<br />
<br />
your own business?<br />
<br />
kind of personality?<br />
<br />
So, who is the real you?<br />
Skills<br />
This is the ability to do something well<br />
Experience<br />
This is what happens when we gain new<br />
knowledge or skills by watching others<br />
or by being involved in activities.<br />
Interests<br />
This is a subject that you like to read<br />
about, speak about, hear about or<br />
finding interesting. It is unlikely that<br />
you will be interested in something that<br />
you cannot do well. That means, that in<br />
order to run a successful business, you<br />
should be interested in what you are<br />
doing.<br />
Aptitude<br />
This refers to your natural talents and<br />
ability. Everyone has a range of skills<br />
and aptitudes – they are things that<br />
you naturally do well. Knowing your<br />
aptitudes will help you make the right<br />
decision when choosing what business,<br />
you want to go into.<br />
Values<br />
These are personal beliefs that tell you<br />
what is right and what is wrong. Values<br />
are important when it comes to making<br />
decisions and choices in life.<br />
Personality<br />
This is the part of your character that<br />
others see. It is the total picture that<br />
others have of you<br />
by the way you behave at work, on the<br />
sport field or in a social setting.<br />
When looking at the personalities of<br />
successful entrepreneurs, most of them<br />
have the<br />
following main personality traits:<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
skills, through training and education<br />
<br />
<br />
<br />
From this list, think about the traits you<br />
already have and those you will need to<br />
develop or improve upon. Risk yourself<br />
from 1-10 on each element, with 1 being<br />
very weak or missing completely from<br />
your personality, and 10 being strong<br />
and always present in your behavior.<br />
Indicate your rank by writing the<br />
number in the blank space provided.<br />
Human relations: Interest in others<br />
and the ability to get along with<br />
them is essential for business success.<br />
Entrepreneurs must take interest<br />
in customers and get along with<br />
employees.<br />
Rank<br />
yourself………………………………<br />
Initiative: This is the driving force<br />
behind small businesses. Entrepreneurs<br />
should be able to come up with new<br />
ideas or methods and be ready to put<br />
them into action. Entrepreneurs are<br />
always on the lookout for new and<br />
better ways to do things. Entrepreneur<br />
are creative problem solvers.<br />
Rank yourself……………………………<br />
High energy: Long hours and extra<br />
effort are needed to start any business.<br />
Entrepreneurs need plenty of energy<br />
to sustain both the interest and effort<br />
needed to be successful. Entrepreneurs<br />
become restless when delayed and<br />
prefer quick actions and results.<br />
Rank yourself…………………………<br />
Self-confidence: Entrepreneurs believe<br />
in themselves and have confidence<br />
in their own abilities to succeed. As a<br />
result, they aren’t afraid to take risks.<br />
Rank yourself…………………………<br />
Desire for profit: Entrepreneurs work<br />
hard, take risks and would rather own<br />
their own a business and work to make<br />
a profit than a monthly salary.<br />
Rank yourself………………………….<br />
Determination: Entrepreneurs do not<br />
give up when faced with a problem.<br />
Rank yourself………………………….<br />
Risk Taking: Entrepreneurs do not take<br />
foolish risk. They look at a business<br />
opportunity intelligently and weigh<br />
up the risk involved before making a<br />
decision.<br />
Rank yourself………………………….<br />
Self-Discipline: Entrepreneurs have the<br />
drive to work 6 days a week for 10, 12 or<br />
14 hours a day. If success means having<br />
to get up at 6 a.m. every morning,<br />
they’re up and moving at that hour.<br />
Entrepreneurs make the most of the<br />
waking moment.<br />
Rank yourself…………………………<br />
Master of Skills, Training and<br />
Education: Successful entrepreneurs are<br />
well trained. They see mistakes as a part<br />
of the learning process.<br />
Rank yourself…………………………<br />
Using resources well: Entrepreneurs<br />
know how to put the right people<br />
and things together to do a task. By<br />
effectively combining people and jobs,<br />
they are able to achieve their business<br />
ideas and objectives.<br />
Rank yourself…………………………<br />
Creative and innovative: Wealth is<br />
not just about the physical things you<br />
have, but also includes human creativity.<br />
Entrepreneurs always look at new<br />
ideas in search of opportunities. To the<br />
entrepreneur there is always a better<br />
way.<br />
Rank yourself…………………………<br />
Independence: Entrepreneurs want to<br />
make their own decisions about how to<br />
run their own business. Entrepreneurs<br />
also hold themselves accountable for<br />
their own decisions and actions – they<br />
do not blame others when things do not<br />
work out as they had planned.<br />
Rank yourself………………………….<br />
Not all entrepreneurs are born<br />
with these characteristics. They are<br />
developed through life experiences and<br />
training and simply doing….<br />
What’s surrounding you is nothing<br />
compared to what’s in you.<br />
Know yourself, then you will know<br />
when it’s time for you to change.<br />
Take a journey to the inner you. After<br />
all, your greatest or worst enemy is<br />
yourself.<br />
The importance of knowing yourself<br />
before attempting to know anything else<br />
is obvious.<br />
At this stage you are aware of your<br />
strengths and weaknesses. You<br />
know what it takes to be a successful<br />
entrepreneur. Develop and improve<br />
your weak traits, excel your strengths.<br />
Conclusion<br />
You have just been through a journey of<br />
self-discovery.<br />
On this journey you have identified<br />
your strengths and weaknesses, and<br />
looked at whether you are prepared for<br />
the journey<br />
of starting your own business. You<br />
should now have a good idea of what<br />
the ideal entrepreneur<br />
is like, and how you fit into this mould.<br />
Just remember that you are not<br />
necessarily going to be<br />
the perfect entrepreneur. You’re going<br />
to make mistakes, but that’s all part<br />
of learning and becoming a better<br />
entrepreneur.<br />
You now know which areas you need to<br />
work on, and you’ve<br />
got a plan on how you’re going to deal<br />
with these areas. So, stick at it, and<br />
success will follow!
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
6<br />
<br />
February <strong>2018</strong><br />
For quality meat, head to Glenaire Gourmet Grill<br />
Marvellous Zondi<br />
In the heart of eThekwini CBD, lies<br />
a meat hub like no other, boasting<br />
state of the art facilities, quality<br />
and fresh meat as well as friendly staff<br />
members.<br />
Glenaire Gourmet Grill and Meat<br />
Market provides services that other<br />
butcheries and grills could only<br />
dream of. The business started<br />
2-years ago with a butchery and has<br />
since grown to include a restaurant<br />
to further enhance their quest for<br />
creating an environment where<br />
people can get quality produces at an<br />
exceptionally low prices.<br />
Glenaire is a one stop shop for lovers<br />
of quality and fresh meat.<br />
Apart from offering delicious meals,<br />
Milkshakes and Desserts, Glenaire<br />
also serves as a venue for hosting<br />
various events ranging from Baby<br />
Showers, Staff Parties, Business<br />
Meetings to business functions just<br />
to mention a few. This is basically a<br />
place where everyone gathers.<br />
According to Glenaire Gourmet Grill<br />
store manager, Mr. Blessing Dube,<br />
unity among the staff members is<br />
among the reasons why they are able<br />
to offer great services.<br />
“Quality staff members create a good<br />
YOUR Friendly Manager: Glenaire Butchery Store Manager,<br />
Mr. Michael Lingenfelder seen here with staff members Sajida<br />
Ebrahim and Jane Makadurg<br />
team which enables us to deliver. A<br />
great service is everything to us”<br />
Judging by the rate at which Glenaire<br />
continues to gain popularity for its<br />
great meat and services, the next time<br />
you visit their store – you are likely to<br />
even meet everyone you know there.<br />
Glenaire has been able to garner<br />
support from all walks of life, the<br />
secret behind that is their value for<br />
money products and random specials<br />
which are regularly rolled out to<br />
ensure everyone is catered for.<br />
“Because we have our own butchery,<br />
we are able to offer quality meat.<br />
We don’t go outside to source our<br />
products”<br />
It is not just low prices that attracts<br />
YOUR Friendly Manager: Glenaire Gourmet Grill Store manager<br />
Mr. Blessing Dube with one of the staff members at Glenaire<br />
customers to Glenaire, there’s an<br />
array of small things that they do<br />
to ensure customer’s needs are<br />
prioritised, namely; opening from<br />
07h00am to 07h00pm on weekdays<br />
to ensure that whether you arrive<br />
in town early or leave late you do<br />
get whatever it is that you want,<br />
opening early on month ends for<br />
customer convenience and having<br />
five television for customers to enjoy<br />
sporting events while digging into<br />
their favourite meals as well as free<br />
WiFi for customers.<br />
At Glenaire, what you see on the<br />
menu is what you get served on your<br />
plate. The next time you are around<br />
eThekwini CBD, be sure to visit<br />
Glenaire Gourmet Grill on Dr. Pixley<br />
KaSeme formely known as West<br />
Street.<br />
This is My Story<br />
Nondumiso<br />
Buthelezi<br />
SSME Staff Reporter<br />
I am Nondumiso Buthelezi, a 26 year<br />
old lady, born and bred at Empangeni.<br />
Being orphaned at an early age, I grew<br />
up at boarding school and in relative’s<br />
houses. I have always loved the business<br />
world and that’s what led me to study<br />
Marketing (National Diploma) at the<br />
Durban University of Technology.<br />
Having worked in retail and at call<br />
centres without fulfilment and success,<br />
I decided to pursue my passion in<br />
business.<br />
I am currently running my own small<br />
business called Tangy Project. The<br />
business does Marketing, promotions<br />
and Business innovation, venturing<br />
into events. I have always loved helping<br />
people but over the years, I have learnt<br />
that you need to help yourself first before<br />
helping others and that you can’t feed<br />
anyone from an empty cup.<br />
Being a victim of abuse by people that<br />
came into my life, I became depressed<br />
and had a very low self-esteem. This led<br />
me to making a lot of mistakes. At the<br />
age of 26 I already have three kids. So I<br />
decided to take charge of my life. Firstly,<br />
I had to find a way to deal with the low<br />
self-esteem and depression, and this set a<br />
pathway to my new business.<br />
I started out selling swimwear and most<br />
women I sold to had similar problems as<br />
mine. I was trying to reach out to women<br />
by not necessarily telling them this is me<br />
helping you learn to be comfortable in<br />
your own skin - that you are sexy enough<br />
and beautiful enough. Some came back<br />
to thank me, well most of them actually.<br />
I then decided to register a company, an<br />
“events” company to be precise. Unlike<br />
other events companies, my events are to<br />
have fun while learning something that<br />
will either change or save your life. That<br />
is how my first event (coming soon) -<br />
The Singles Valentine’s Picnic, was birth.<br />
Singles Valentine’s is basically to draw<br />
single men and women just to share<br />
the good and the bad of being single; to<br />
share with men some of the things that<br />
we as women feel are abuse when they<br />
think it’s fine; to share how you move on<br />
from a situation that changed your life<br />
for the worst.<br />
These were just some of the issues I<br />
had in mind when I came up with<br />
the idea but as soon as we started<br />
talking about the event, people started<br />
questioning why we’ve excluded them,<br />
married people for example have been<br />
questioning so we decided that everyone<br />
is welcome. Who knows maybe one<br />
woman sharing how she is happily<br />
divorced will save another from a dead<br />
marriage, from an abusive relationship<br />
that could possibly even lead to death.<br />
I do hope that people will have fun and<br />
also learn something from the event, if<br />
not something that will help them now,<br />
then something that will help them in<br />
the future.<br />
ABOUT THE EVENT:<br />
The Singles Valentine’s Day Picnic will<br />
take place on the 25th February <strong>2018</strong><br />
at the Zululand Multi Sports Club<br />
(Alkanstrand Beach) starting at 11am till<br />
22h00.<br />
The picnic will boast a host of ‘surprise’<br />
activities, food prepared on site by<br />
professional executive Chef Richard<br />
Ndlanzi from Mfolozi Casino, speakers<br />
such as Nhlakanipho Mnguni from<br />
Sihubela Events, Nqobile Mkhize<br />
(Drama Queen), Mary Naidoo (Women<br />
of worth) and others.<br />
“We are really excited to be hosting an<br />
event of this nature. Our attendees (our<br />
singles) can look forward to a chilled<br />
session with elements of delectable treats,<br />
fashion, cars, comedy and soothing<br />
sounds whilst overlooking the tranquil<br />
wonders of Mother Nature. This is an<br />
event to rival all picnics and is not to be<br />
missed”.<br />
To make your day worthwhile, we are<br />
proud to announce that institutions like<br />
SMG, Virgin Active, Telkom Mobile,<br />
Beauty with Khanyi are among our<br />
sponsors. Branding and Sponsorship<br />
opportunities are available and requests<br />
can be made through the event<br />
organisers.<br />
Tickets for only R200.00 (inclusive of<br />
food, wine & cocktails) are available<br />
at Pick n Pay supermarkets and online<br />
via web tickets (Link: www.webtickets.<br />
co.za). The event organisers can be<br />
contacted as follows: Nondumiso<br />
Buthelezi on 0839486903 / email:<br />
nondumisolungileb@gmail.com or Scelo<br />
Mazibuko on 0813708526.<br />
Thamisanqa<br />
Gcaba<br />
<strong>SMME</strong> Staff Reporter<br />
Thamisanqa Gcaba is a young<br />
man from KwaDukuza, KwaZulu-<br />
Natal and has demonstrated<br />
that no situation can hinder<br />
any individual who has a strong<br />
willingness to succeed. This<br />
attitude prevailed following his<br />
Gunshot Accident in 2008 where<br />
he was left physically challenged<br />
(wheelchair bound) which<br />
affected and changed his life<br />
completely, making it hard for him<br />
to provide for his family and his<br />
new born son as well as furthering<br />
his studies.<br />
Gcaba continued to look at life<br />
beyond his disability while many<br />
people had written him off, he<br />
is the founder and director of<br />
Thembela Projects and Logistics<br />
and owner of a mobile kitchen<br />
business that sells food around<br />
KwaDukuza.<br />
Gcaba has always aspired to be<br />
an entrepreneur and his dream<br />
materialized when he obtained a<br />
school feeding scheme contract in<br />
2013 he hasn’t looked back. From<br />
then on, his passion for business<br />
has propelled him to venture<br />
into other businesses, in 2014 he<br />
entered the field of Agriculture<br />
and he is doing it to this day.<br />
One of his greatest passions<br />
and gifts is being a motivational<br />
speaker, mainly targeting young<br />
people and inspiring them that<br />
nothing is impossible if you<br />
believe and willing to pay the<br />
price no matter what life throws<br />
at you. Gcaba is also the founder<br />
of a non-profit organization<br />
called God’s Heart, which focuses<br />
on the youth and people living<br />
with disabilities in creating a<br />
platform for them to have access<br />
to opportunities and getting up to<br />
make the best of their lives. Apart<br />
from being a businessman and a<br />
civil society leader, Gcaba is also<br />
working on a book which will be<br />
released this year.<br />
One of his favourite quotes is,<br />
“only those who are willing to go<br />
and push themselves too far can<br />
possibly find out how far they can<br />
go”
February <strong>2018</strong><br />
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
7<br />
Education<br />
SARS Tax education Sessions: What you<br />
need to know about Value-Added –Tax<br />
Oyewo Adetola Elizabeth<br />
responsibility of<br />
the government can only<br />
“SOCIAL<br />
be fulfilled if the necessary<br />
taxes have been paid by the people<br />
earning taxable income in South<br />
Africa” these are the words of<br />
Stephen Govender.<br />
On 25 January <strong>2018</strong>, the South<br />
Africa Revenue Service (SARS) held<br />
one of its free education sessions<br />
for the public at the SARS office,<br />
Umhlanga Ridge. Speaking at<br />
this session, Stephen Govender<br />
highlighted the basis of VAT.<br />
VAT stands for Value Added Tax,<br />
based on Act no 89 of 1991.VAT is<br />
an indirect system of taxation and is<br />
a tax on the value you add to goods<br />
and services you render or sell.<br />
Before a person can register as a<br />
VAT vendor, the person has to carry<br />
on an ‘enterprise’ as defined in the<br />
Act. An enterprise is defined as any<br />
activity carried on continuously or<br />
regularly in the Republic or partly<br />
in the Republic, in the course or<br />
furtherance of which goods and<br />
services are supplied to any other<br />
person for a consideration, whether<br />
or not for profit. The definition<br />
contains certain specific inclusions<br />
and exclusions, the most notable<br />
exclusions being services rendered<br />
by an employee to an employer; the<br />
private or recreational pursuit of<br />
hobbies and VAT exempt activities.<br />
VAT is levied at different rates on<br />
different businesses and types of<br />
services rendered. VAT standard rate<br />
<br />
motor repairs and restaurant<br />
<br />
levied on brown bread, milk, eggs,<br />
rice, petro, sale of ongoing concern<br />
and direct export. If zero rated items<br />
are sold as a meal then it is supplied<br />
at standard rates e.g. glass of milk<br />
sold in a restaurant. Certain products<br />
or services are exempted from tax<br />
such as passengers’ transportation,<br />
financial services as insurance or<br />
medical, renting a dwelling for use<br />
as a private home and educational<br />
services as crèche.<br />
The registration requirements<br />
for VAT could be compulsory<br />
or voluntary registration. The<br />
compulsory registration involves R1<br />
million sales for the last 12months<br />
will exceed R1 million contractual<br />
obligation effective 1 April 2014 and<br />
R50, 000 for non-resident suppliers<br />
of certain electronic services effective<br />
1 June 2014.<br />
Voluntary registration involves R50<br />
000 sales for last 12 months, not yet<br />
made any taxable supplies or who<br />
made less than the R50 000 threshold<br />
and is reasonably expected to be met<br />
after a period of 12 months, effective<br />
1 April 2014.<br />
There is tax relief for SME business<br />
called the ‘small business relief. The<br />
tax relief was put in place based on<br />
the realization that new business and<br />
small business are the life blood of<br />
the economy. There are also certain<br />
tax incentives especially designed<br />
for small business. A small business<br />
that qualifies as a small business<br />
corporation (SBC) pays no income<br />
tax on the first R75 750 taxable<br />
income for financial years ending on<br />
any date between 1 April 2017 and 31<br />
March <strong>2018</strong>. The rate of tax payable<br />
will depend on taxable income as the<br />
rates for a SBC are progressive, the<br />
higher the taxable income, the higher<br />
and the tax rate.<br />
Micro businesses that qualify<br />
should also consider registering for<br />
Turnover Tax as this will reduce and<br />
simplify their tax compliance and<br />
administrative burden.<br />
For individuals interested in the free<br />
tax education session, the dates for<br />
other upcoming session in February<br />
and March <strong>2018</strong> in Kwazulu-Natal is<br />
open to the public at no cost at SARS<br />
offices at Umhlanga and Newcastle.<br />
SARS office in Umhlanga, is located<br />
at 29 Equinox Road Umhlanga<br />
Ridge. SARS office in Newcastle is<br />
Inhlansi yethemba kumabhizinisi asafufusa<br />
Nkosikhona Cele<br />
INHLANGANO ebhekela kakhulu<br />
ukufukulwa kwamabhizinisi<br />
amancane, eyaziwa ngokuthi<br />
i-Business Partners Limited, ithi<br />
thokola themba amathunzi ayewukela<br />
kuwona wonke amabhizinisi<br />
amancane.<br />
Lokhu kusho ukuthi kuzobonakala<br />
amabhizinisi amancane edlondlobala<br />
ngokuphindaphindiwe kulo nyaka<br />
njengoba umqondisi wale nkampani,<br />
uMnu Ben Bierman, ebalulile<br />
esitatimendeni abesithumelele<br />
abezindaba.<br />
Isizathu salokhu uMnu Brieman<br />
uthe sihlobene kakhulu nalokhu<br />
okobonakala kuqhubeka<br />
kwezepolitiki, ikakhulukazi<br />
eqenjini elibusayo, i-African<br />
National Congress (ANC). Uthe<br />
okuzoholela ekutheni amabhizinisi<br />
amancane adlondlobale wukuthi<br />
ubuholi obusanda kuqokwa<br />
bubonakala bunentshisekelo<br />
enkulu yokusebenzisana kahle<br />
nabo bonke osomabhizinisi, nalabo<br />
abangamaklume kwezamabhizinisi.<br />
UBierman uveze ukuthi akubuzwa<br />
nokubuzwa ke ukuthi lokho<br />
kuzothela izithelo ezinhle kuwona<br />
wonke amabhizinisi amancane.<br />
Ngokusho kwalo mqondisi ubuholi<br />
obusha bufuna ukwenza isiqiniseko<br />
sokuthi imali iphathiswa okwezikhali<br />
zama Ntungwa, ikakhulukazi<br />
ezinkampanini zikahulumeni<br />
kanti okunye okubukeka kuvuna<br />
kakhulu amabhizinisi amancane<br />
wukuthi ubuholi obusha buhlose<br />
kakhulu ukuthi imali eningi<br />
ibonakale isebenza ezinkampanini<br />
ezingaphakathi eNingizimu Afrika,<br />
ikakhulukazi lezo ezisafufusa.<br />
“Ukungena kobuholi obusha<br />
beqembu elibusayo kubonakala<br />
kuzothela izithelo ezinhle futhi<br />
ngokukhulu ukushesha lokhu.<br />
Okuhle ngalobu buholi wukuthi<br />
bufuna ukubona namabhizinisi<br />
amancane ehamba kahle. Lokho ke<br />
kuzodala ukuthi nawo amabhizinisi<br />
amancane abonakale eba<br />
nenqubekela phambili.”<br />
Okunye akuchaze njengokunyelwa<br />
yinyoni esandleni kosomabhizinisi<br />
abancane wukuthi kungenzeka<br />
kube yibona abahlomula kakhulu<br />
emathubeni amahle ezomnotho<br />
angase avele ezweni i-Zimbabwe.<br />
Yize uMnu Bierman ebona sengathi<br />
sekuzokhanya kubona bonke<br />
osomabhizinisi abancane,kodwa<br />
ubaxwayise ngokuthi bangalenzi<br />
iphutha lokuthi basebenzise<br />
budedengu inzuzo abazoyenza.<br />
Uthe kusemqoka kakhulu<br />
ukuthi bonke osomabhizinisi<br />
ikakhulukazi abancane bazihloniphe<br />
futhi bakuqonde ukuthi imali<br />
isetshenziswa lapho okunesidingo<br />
khona. Uthe imfihlo yokudlondlobala<br />
kwamabhizinisi amancane yindlela<br />
okuphathwa ngayo imali futhi alikho<br />
ibhizinisi elingeke lakhula inqobo nje<br />
uma imali isetshenziswa ngendlela<br />
eyamukelekile.<br />
“Kuyisifiso sami esikhulu ukubona<br />
bonke osomabhizinisi bezihlupha<br />
ngokuthi basebenzise izimali<br />
zamabhizinisi abo ngendlela<br />
okuyiyo futhi eyamukelekile.<br />
Phela ukukhula okanye ukuwa<br />
kwalo ibhizinisi kuncike kakhulu<br />
ekutheni imali yalelo bhizinisi<br />
isetshenziswa kanjani. Kusemqoka<br />
ukuthi bonke osomabhizinisi<br />
ikakhulukazi abasafufusa bakwazi<br />
futhi bakuqaphele” kubeka u<br />
Bierman ngaphampi kokwengeza<br />
ngokuthi kuhle ukuthi kuzohlomula<br />
nalabo abasebhizinisini lezolimo,<br />
okuyinto aveze ukuthi inhle kakhulu.<br />
Uthe kumqoka ukuba nezolimo<br />
zibonakale zikhula. UMnu Bierman<br />
ukhuluma kanjena nje kusanda<br />
kwethulwa ngokusemthethweni<br />
inhlangano ezobhekelela nje ngqo<br />
izidingongqangi zabalimi bakamoba,<br />
iSouth African Sugar Association<br />
(Sasa).<br />
Ukusungulwa kwale nhlangano<br />
ebonakala izoba yisibani sabalimi<br />
bakamoba kushayelwe elikhulu<br />
ihlombe leli nanguMnu Hans<br />
Hackman oyisikhulu esiphezulu<br />
senhlangano, eyaziwa ngokuthi<br />
yiSouth African Farmers<br />
Development Association (Safda).
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
8<br />
Land of Opportunity<br />
February <strong>2018</strong><br />
INVESTEC youth entrepreneurship programme<br />
INVESTEC supports the<br />
growth of young South African<br />
entrepreneurs by providing<br />
global exposure and support<br />
initiatives, in order to grow the<br />
South African economy and create<br />
employment opportunities.<br />
Investec wants to grow the South<br />
African economy and society.<br />
To achieve this they focus on<br />
two key areas, education and<br />
entrepreneurship. Their Global<br />
Young Entrepreneurs’ Programme<br />
provides a platform that exposes<br />
South African entrepreneurs to<br />
global business thinking.<br />
Exposure trips abroad<br />
Every year Investec, in partnership<br />
with En-novate, sends a group<br />
of young entrepreneurs from<br />
various sectors to specifically<br />
selected countries in order to gain<br />
global exposure. Each itinerary<br />
provides them with opportunities<br />
to network and to engage with<br />
venture capitalists, funders and<br />
captains of industry. The aim is for<br />
entrepreneurs to return back home<br />
not only stimulated and inspired,<br />
but also with a list of potential<br />
partners, funders and markets for<br />
their product or service.<br />
Upcoming trips in <strong>2018</strong><br />
Israel<br />
Target: Social entrepreneurs<br />
1 – 8 March <strong>2018</strong><br />
Berlin<br />
Target: Textile Manufacturing<br />
20- 27 April <strong>2018</strong><br />
Singapore<br />
Target: Financial Services<br />
13 - 20 July <strong>2018</strong><br />
Helsinki<br />
Target: Education<br />
12 - 19 October <strong>2018</strong><br />
Programme objectives at a glance<br />
1. Grow entrepreneurial networks by<br />
creating business contacts between<br />
South African entrepreneurs and<br />
their international counterparts.<br />
2. Facilitate access to people of<br />
inspiration and industry-specific<br />
knowledge.<br />
3. Showcase social and for-profit<br />
entrepreneurship approaches which<br />
provide insights into how businesses<br />
can be a force for good in society.<br />
4. Expose how technology and new<br />
methods of thinking can be applied<br />
to improve business.<br />
5. Showcase the best of South<br />
African entrepreneurs and initiate<br />
engagement with potential investors,<br />
companies and other stakeholders.<br />
Interested? Check if you qualify:<br />
<br />
South African citizen or permanent<br />
resident under the age of 40.<br />
<br />
attended a previous Investec trip<br />
within the past 12 months.<br />
<br />
entrepreneur/owner of the business<br />
and not an employee.<br />
<br />
entrepreneur.<br />
<br />
based, for-profit business from the<br />
sector in which the trip is focused.<br />
<br />
least six months and not in the ‘idea’<br />
phase.<br />
<br />
R50m per year.<br />
For enquiries contact: shaun.<br />
mallanna@investec.co.za<br />
Enterprise development programmes for enterpreneurs<br />
JUNIOR Achievement South Africa<br />
Enterprise Development Programme<br />
Junior Achievement South Africa is<br />
a unique intensive incubator style<br />
entrepreneurship skills programme.<br />
The aim of this project is to address the<br />
unemployment challenge amongst the<br />
youth. This programme provides practical<br />
entrepreneurial skills and traditional<br />
workplace readiness skills. This will<br />
solve the challenge the youth face when<br />
entering the job market with insufficient<br />
experience.<br />
The programme consists of 20 four hour<br />
sessions which runs for three to four<br />
months. The students are expected to start<br />
running a real business, with the intention<br />
that the businesses are sustained after the<br />
programme is completed.<br />
Who should apply?<br />
This programme is targeted at young<br />
adults between the ages of 18 and 25,<br />
who are not in school and are currently<br />
unemployed. Participants are chosen<br />
based on:<br />
<br />
<br />
entrepreneurial activity<br />
<br />
skills<br />
<br />
development.<br />
To contact Junior Achievement South<br />
Africa<br />
<br />
<br />
The Women’s Enterprise Development<br />
Initiative<br />
This is a niche private equity and<br />
Technical Assistance Programme that<br />
creates superior returns for investors by<br />
investing in women entrepreneurs. This<br />
fund supports wealth and job creation,<br />
while providing support to women in<br />
developing countries, helping them to<br />
build viable and sustainable enterprises.<br />
Who should apply?<br />
Dynamic women with a record of<br />
achievement in businesses? that support<br />
women<br />
To contact Women’s Enterprise<br />
Development Initiative<br />
<br />
<br />
Standard Bank Enterprise Development<br />
Programme<br />
Standard Bank is offering a specialised<br />
Enterprise Development programme.<br />
The aim of this programme is to offer<br />
financing solutions to primarily BEE<br />
businesses that have achieved access to<br />
superior earning opportunities from<br />
corporates or the public sector.<br />
Who qualifies?<br />
<br />
<br />
ownership<br />
<br />
become more BEE viable.<br />
How to apply<br />
Standard Bank has a different approach<br />
to enterprise development programmes.<br />
A business will select or choose a supplier<br />
and then contact Standard Bank, the<br />
bank will then offer the supplier financial<br />
assistance, which will enable them to meet<br />
their obligation to fulfil the contract.<br />
For more information<br />
<br />
5980<br />
<br />
co.za<br />
First National Bank – Vumela<br />
Enterprise Development Fund<br />
This initiative was developed in 2010<br />
and has already invested R186 million<br />
into alternative SME financing tools.<br />
The aim of this programme is to unlock<br />
explosive growth in SME businesses and<br />
for creating optimal conditions within<br />
these businesses to help them to achieve<br />
success.<br />
Who qualifies?<br />
“Our solution will help corporates meet<br />
the new B-BBEE requirements which<br />
could see some companies downgraded if<br />
they do not empower their supplier base.<br />
More importantly, the holistic nature<br />
of our model could yield a sustainable<br />
economic growth model among the<br />
participating companies,” says Head of<br />
Enterprise Development at FNB, Heather<br />
Lowe. This programme also targets highimpact<br />
SME’s and is open to all industries.<br />
How to apply<br />
Fill in the application form which is<br />
readily available and send it in to FNB or<br />
Vumela.<br />
To find out more<br />
For more information on the Vumela<br />
Enterprise Development fund, please<br />
email Heather.Lowe@fnb.co.za or<br />
JGoldberg@edgegrowth.com.<br />
Nedbank Enterprise Development<br />
Programme<br />
This programme offers you growing<br />
business flexible financial solutions<br />
along with business strategy mentorship<br />
programmes. By joining this programme<br />
you get access to a number of resources,<br />
including:<br />
<br />
you to purchase fixed assets, maintain<br />
your inventory and meet your ongoing<br />
operating needs<br />
<br />
your businesses industry and cash flow<br />
cycle<br />
<br />
will take place through seminars and<br />
accredited institutes<br />
<br />
business expertise<br />
<br />
you to meet like-minded entrepreneurs in<br />
your area.<br />
How to apply and find out more<br />
Apply through the Nedbank website or<br />
contact them directly:<br />
<br />
<br />
<br />
Absa – Enterprise Development Fund<br />
Absa host a R250 million Enterprise<br />
Development fund, which finances<br />
<strong>SMME</strong>’s in the value chains of these<br />
corporates or government entities. This<br />
Enterprise Development Programme will<br />
also involve corporates and government<br />
entities that are interested, allowing them<br />
to meet their ESD obligations.<br />
Who qualifies?<br />
<br />
<br />
<br />
(SME). This includes start-ups and<br />
existing businesses.<br />
<br />
from normal banking channels<br />
<br />
permanently in South Africa<br />
<br />
operations<br />
<br />
relevant to your business<br />
<br />
historical financials or a realistic cash flow<br />
forecast<br />
<br />
account is held with Absa, no split<br />
banking is allowed<br />
<br />
R3 million with a maximum loan term of<br />
five years<br />
<br />
the finance application resides in the<br />
province where your SME resides.<br />
How to apply<br />
Complete an application form and bring<br />
it in to your nearest Absa branch, along<br />
with the supporting documentation listed<br />
on the last page of the form.<br />
The Royal Fields and Job Funds’<br />
Enterprise Development Programmes<br />
Royal Fields Finance is a financial services<br />
group that focus on funding small and<br />
medium enterprises; in partnership with<br />
the Jobs Fund they have launched an<br />
enterprise development program worth R<br />
100 million to support SME’s.<br />
Who qualifies?<br />
This programme focuses on SME’s that<br />
are unable to raise funding from banks or<br />
traditional funding institutions, due to a<br />
lack of trading history, security and risk<br />
capital.<br />
The target of this programme is small and<br />
medium sized enterprises, that have an<br />
annual turnover of less than R60 million<br />
and that require funding between R 70<br />
000 and R2,5 million.<br />
The following sectors will be emphasised<br />
for this programme as they have been<br />
identified as high growth businesses:<br />
<br />
<br />
<br />
<br />
How to apply?<br />
You will need to complete a telephonic<br />
interview, face-to-face interview, credit<br />
assessment, compilation of credit reports.<br />
Your application will then be considered<br />
by the Credit Committee and an onsite<br />
due diligence is conducted to assess your<br />
business.<br />
For more information<br />
Please contact Royal Fields Finance at:<br />
<br />
<br />
<br />
<br />
Siyakhula Enterprise Development<br />
Programme<br />
Total South Africa launched the Siyakhula<br />
programme, which is part of Total’s<br />
commitment to transformation through<br />
the development of black entrepreneurs<br />
and enterprises. Total South Africa CEO<br />
and Managing Director, Mr. Christian des<br />
Closières explains: “Although enterprise<br />
development has been a component<br />
of Total South Africa’s transformation<br />
strategy for some 60 years, it is time<br />
for the company to put more effort<br />
and resources into our enterprise<br />
development projects, start consolidating<br />
on the remarkable gains, and expand our<br />
enterprise development footprint into one<br />
consolidated programme, Siyakhula.”<br />
Who qualifies?<br />
This enterprise development programme<br />
focuses on three specific sectors, namely:<br />
<br />
enterprise development<br />
<br />
<br />
How to apply<br />
To find out more send your enquiry<br />
or application to: customerservice@<br />
totalcustomercare.co.za.<br />
The Small Enterprise Development<br />
Agency (SEDA)<br />
The Small Enterprise Development<br />
Agency is an agency affiliated to<br />
the Department of Small Business<br />
Development. The mandate is to<br />
implement a standard and common<br />
national delivery network for small<br />
enterprise developments as well as<br />
integrate government-funded small<br />
enterprise support agencies across all tiers<br />
of government.<br />
For more information<br />
<br />
<br />
703
February <strong>2018</strong><br />
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
9<br />
Franchising opportunities<br />
<strong>SMME</strong> Staff Reporter<br />
STARTING a business from scratch<br />
and trying to build its base to make<br />
it as reputable as it can possibly be is<br />
a very hard thing to do. It is due to<br />
this reason that some people resort<br />
to buying franchises and utilize their<br />
business management skills to make a<br />
known entity thrive while also raking<br />
in a reasonable amount of profit.<br />
Franchising continues to grow as more<br />
and more big corporations look to<br />
invade all corners of the country and<br />
beyond.<br />
If you are looking to buy a franchise,<br />
here are a few household name<br />
franchises which are ranked among the<br />
low costing franchises in South Africa.<br />
The information provided here is from<br />
whichfranchise.co.za.<br />
The Bed Shop: The Bed Shop is South<br />
Africa’s largest independent bed retail<br />
franchise stores. The business is a<br />
division of Dynamic Bedding who<br />
manufactures the products for the<br />
store.<br />
Finance Details<br />
<br />
<br />
<br />
<br />
<br />
<br />
King Pie: King Pie was established in<br />
1993 and has been part of consumers’<br />
lives for over 24 years with a strong<br />
South African heritage. King Pie<br />
products are known for its quality,<br />
taste, wholesomeness and value<br />
pricing. The King Pie franchise is<br />
without a doubt the biggest and most<br />
successful pie franchise with over 280<br />
outlets in South Africa and African<br />
countries like Mozambique, Namibia,<br />
Swaziland and Ghana.<br />
Finance Details<br />
Concept: King Pie Store:<br />
<br />
000 & R550 000 (Depending on size<br />
and layout)<br />
<br />
<br />
<br />
<br />
<br />
turnover<br />
Concept: King Pie Express Unit<br />
<br />
(Site dependent)<br />
<br />
<br />
<br />
<br />
<br />
turnover<br />
Concept: King Pie Kiosk<br />
<br />
(Site dependent)<br />
<br />
<br />
<br />
<br />
<br />
turnover<br />
<br />
available as unencumbered funds<br />
The Fish and chip co: Fish & Chip Co.<br />
Franchises bring old England’s national<br />
food of battered-fried fish escorted<br />
by huge fries to our shores to satisfy<br />
South African appetites.<br />
Finance Details<br />
Unlike the traditional franchisee<br />
model, the low royalties and marketing<br />
fees are fixed and not based on a<br />
percentage of turnover, making<br />
this model attractive to potential<br />
franchisees.<br />
<br />
VAT<br />
<br />
(Included in set up cost)<br />
<br />
ex VAT per week (subject to annual<br />
escalation)<br />
<br />
week (subject to annual escalation)<br />
Kumon: A Kumon centre is a<br />
supplementary Maths and English<br />
franchise. With centres in more than<br />
46 countries around the world, this<br />
internationally recognised franchise<br />
focuses on the development of students<br />
through the Kumon programme.<br />
Finance Details<br />
<br />
minimum investment of R40,000.00<br />
which includes your licence fee to<br />
operate your Kumon Centre<br />
<br />
<br />
monthly royalty<br />
<br />
tables, chairs, shelves etc. in<br />
accordance with Kumon guidelines<br />
<br />
marketing and rental will be offered<br />
Costs relating to starting up a new<br />
business and preparation of a suitable<br />
venue will be variable depending on<br />
location and the minimum investment<br />
and working capital have been<br />
calculated using base figures. These<br />
amounts may need to be increased to<br />
ensure financial stability while growing<br />
your business.<br />
Street Vendors –<br />
around office parks hoping to get<br />
people who left home too early to<br />
have breakfast.<br />
In the afternoons the same<br />
containers can be seen with people<br />
walking around with lunchtime<br />
meals such as rolls and meat.<br />
Whichever way one chooses to do<br />
it, it is important to understand the<br />
products you are selling, and know<br />
the people you are selling it to.<br />
How to get<br />
it right<br />
<strong>SMME</strong> Staff Reporter<br />
BEING a street vendor is<br />
very lucrative if you play<br />
your cards right – this is an<br />
observation made by our reporter<br />
who embarked on a walkabout<br />
in the streets of Durban, just to<br />
observe the street vendors and see<br />
which ones get more customers<br />
and which ones don’t. From<br />
our offices at Smart Xchange on<br />
Walnut road to The Playhouse<br />
Theatre through to Workshop<br />
Centre.<br />
Street hawkers working in and<br />
around office parks have an<br />
advantage of having loyal and<br />
regular customers, they form a<br />
relationship with their customers.<br />
This enables them to provide<br />
exactly what the customers<br />
need, and if the customers want<br />
something that the vendor<br />
doesn’t have – there is room for<br />
negotiation.<br />
Around areas of tourism such as<br />
the Playhouse where people come<br />
in from different places just for a<br />
period of short time and leave – it<br />
is all about opportunity. Vendors<br />
have a limited amount of time<br />
with customers and have to make<br />
sure they are visible and sell things<br />
that are appealing, that ensures<br />
that the customers are taken and<br />
immediately want to buy.<br />
Most people may think that in<br />
and around busy areas, that’s<br />
where street hawkers make a lot<br />
of money. But out of observation,<br />
that might not be the case. It<br />
depends on what people are busy<br />
doing really. The Workshop for<br />
instance has a lot of people who<br />
are just passing by or waiting for<br />
someone. Buying for them isn’t<br />
really an option. There are also<br />
a lot of hawkers selling similar<br />
things to one another, customers<br />
are spoilt for choice.<br />
Out of ten customers, one hawker<br />
may end up with two or none.<br />
It is important for street hawkers<br />
to identify their working zones<br />
strategically. You might be selling<br />
good products to the wrong<br />
people.<br />
Another form of hawking which<br />
is becoming popular in Durban<br />
is being mobile. A lot of hawkers<br />
carry visible containers with<br />
whatever it is that they are selling.<br />
In the mornings – they can be<br />
seen with cupcakes walking<br />
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The BEE Chamber is offering FREE<br />
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<strong>SMME</strong><br />
<strong>NEWS</strong><br />
10<br />
February <strong>2018</strong><br />
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February <strong>2018</strong><br />
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
11<br />
Award-winning<br />
delivery app<br />
coming to<br />
Durban<br />
Business opportunities<br />
showcased in Durban<br />
<strong>SMME</strong> Staff Reporter<br />
An entrepreneur from Limpopo<br />
who won an MTN award for his<br />
on-demand delivery app cited that<br />
he plans on expanding his work<br />
and cater for metropolitans such as<br />
Durban, Cape Town and Pretoria.<br />
Vutlharhi Valoyi, founder and CEO<br />
of Zulzi, which is already sitting at<br />
over 9000 active registered users<br />
says his company has delivered over<br />
15 000 orders since its inception.<br />
Valoyi won in the Best<br />
Breakthrough Developer at these<br />
awards and says being recognised<br />
has opened new doors for his<br />
business.<br />
“It is still early days to fully assess<br />
the impact of the competition on<br />
Zulzi, but since we won in the Best<br />
Breakthrough Developer category,<br />
there has been a lot of interest from<br />
users and potential funders and<br />
investors,”<br />
Prospective customers has to<br />
download the app on the Android<br />
and iOS mobile phone platforms<br />
in order to use the service to get<br />
delivers from retailers such as Pick<br />
‘n Pay, Woolworths, Dis-Chem and<br />
Riverside as well as restaurants and<br />
fast food outlets.<br />
The Africa Print Expo took place in Durban from 7-8 February <strong>2018</strong>. This annual expo was aimed at showcasing the entire digital print process and features<br />
from sheeted A3 machines up to Grand format digital equipment it also included both suppliers and manufacturers of commercial and digital printers,<br />
finishing equipment, software, media and consumables A host of industry professionals mingled with small enterprises in the printing business. This was a<br />
great platform for showcasing various digital print opportunities and liaising with industry experts.<br />
Voice your opinion/Letters<br />
Dear <strong>SMME</strong> News<br />
Thank You for sharing great<br />
opportunities with us, your<br />
contribution to our growth is<br />
highly appreciated. I saw in<br />
one of your copies that you<br />
will be hosting an <strong>SMME</strong><br />
forum and I would really love<br />
to be part of it. I did forward<br />
an email with my company<br />
details to your publication<br />
and I really hope to hear from<br />
you soon. Stay blessed.<br />
Siya Ngobese,<br />
KwaMaphumulo<br />
Dear Siya,<br />
Thank you for reading <strong>SMME</strong><br />
News and taking the time to<br />
write to us. We have received<br />
your information and we<br />
look forward to sharing your<br />
entrepreneurial journey with<br />
you. You will receive more<br />
details as time progresses. God<br />
bless you too!<br />
<strong>SMME</strong> News<br />
Hello Team<br />
I am a big fan of this<br />
publication, I really enjoy<br />
reading your articles. They<br />
are very informative and<br />
provide a different look into<br />
the business sector. The<br />
opportunities that you share<br />
with us and stories of hope<br />
are really great to read and<br />
also learn from.<br />
I recently opened up a<br />
small shop with my brother,<br />
although it is not where we<br />
would love for it to be at, I<br />
can certainly say that we will<br />
go big in the next few years.<br />
We also applied for one of<br />
the funding that you shared<br />
on your January issue, our<br />
fingers are crossed, and we<br />
hope that all goes well.<br />
Nonhlanhla Seme, UMlazi,<br />
D section<br />
Hi Nonhlanhla,<br />
Congratulations on the startup<br />
of your business! We are<br />
loving your attitude here at<br />
<strong>SMME</strong> News. We wish you<br />
all the best on your funding<br />
application. Make sure to keep<br />
us posted.<br />
<strong>SMME</strong> News<br />
Greetings <strong>SMME</strong>s<br />
I hope that this letter finds<br />
all the <strong>SMME</strong>s safe and<br />
sound, I just want to bring<br />
something to the attention<br />
of all <strong>SMME</strong>s. I know that<br />
most of us feel inferior or<br />
neglected. But I can tell you<br />
that we have a big role to<br />
play in the upliftment of the<br />
economy of our country, we<br />
are also play a major role in<br />
providing convenience and<br />
services to the people within<br />
our communities.<br />
It is sad that most of our<br />
businesses fail to thrive and<br />
we end up having to close<br />
shops or stop offering our<br />
services. I say this because<br />
I know first-hand what it’s<br />
like to lose a business. I used<br />
to own a shop at Mpangeni<br />
before I relocated to Durban,<br />
I was renting for the space I<br />
operated in, I made a lot of<br />
mistakes because I didn’t have<br />
proper guidance about how to<br />
run a business. That is why I<br />
am happy to see a publication<br />
like <strong>SMME</strong> because it means<br />
that not a lot of people will<br />
fall into the pitfalls I fell into.<br />
Thank you<br />
Sibekezelo Luthuli, Durban<br />
CBD<br />
Welcome Sibekezelo,<br />
Thank you so much for writing<br />
to us. Indeed <strong>SMME</strong>s have<br />
a major role to play in our<br />
communities – this is part of<br />
the reason why this publication<br />
exists. We believe that going<br />
forward you will attain the<br />
success you desire if you keep<br />
your learning spirit burning.<br />
<strong>SMME</strong> News
SPORT<br />
15th issue February <strong>2018</strong><br />
Zifukula osomabhizinisi<br />
abancane izinkundla ema Lokishini<br />
Marvellous Zondi<br />
IZINKUNDLA ezakhiwe emalokishini<br />
zidlala indima enkulu ekufukuleni<br />
osomabhizinisi abasafufusa njengoba<br />
bekwazi ukudayisela ngaphakathi<br />
nangaphandle kwazo uma kunemidlalo<br />
ehlabahlosile yebhola likanobhutshuzwayo.<br />
Lezizinkundla esingabala kuzo i-King<br />
Zwelithini Stadium eMlaza, Princess Magogo<br />
Stadium, KwaMashu kanye ne Sugar Ray Xulu<br />
Stadium, eClermont ukukha nje phezulu<br />
ziwumongo womnotho nokuxosha ikati eziko<br />
emndenini eminingi lapho beziphilisa khona<br />
ngokudayisa.<br />
Phakathi kwezinto ezijwayeleke ukubonakala<br />
zidayiswa ngabantu ezinkundleni ezifuze<br />
lezi, ukudla okusheshayo njengama chips<br />
nama kota, iziphuzo ezibandayo kanye<br />
nemifaniswano yamaqembu enhlobonhlobo.<br />
Ukwanda kwabalandeli ezinkundleni nakho<br />
kudlala enkulu indima ekuqinisekiseni<br />
ukwanda kwama khasimende nenzuzo<br />
etholwa osomabhizinisi abancane abadayisela<br />
ezinkundleni.<br />
INKUNDLA iKing Zwelithini Stadium ese Mlaza. Isithombe ngabe BackPages<br />
Marvellous Zondi<br />
THE Nedbank Cup has over<br />
the years played a huge role in<br />
unearthing raw talent and giving<br />
unknown players and teams the<br />
opportunity to share the field with<br />
household name teams and players<br />
in South Africa. This year was no<br />
exception as the tournament kicked<br />
off in high gear with the small teams<br />
locking horns with the big guns.<br />
KwaZulu-Natal’s lower leagues were<br />
represented by Happy Wanderers<br />
FC from under Ugu District<br />
Municipality. Wanderers ply their<br />
trade in the KZN ABC Motsepe<br />
League, South Africa’s third tier<br />
league.<br />
The side played against another KZN<br />
Nedbank gives emerging soccer<br />
teams a reason to believe<br />
outfit, Royal Eagles FC in the last 32<br />
of this cup and suffered 1-0 defeat.<br />
The Nedbank spectacle also<br />
presented an opportunity to other<br />
small teams from other provinces as<br />
well. Here are the results featuring<br />
all small teams which participated<br />
in the last 32 of this prestigious<br />
tournament.<br />
EC Bees 3-1 Mariveni United,<br />
The Nedbank Cup trophy<br />
Royal Eagles 1-0 Happy Wanderers<br />
FC, Steenberg United 3-1 Orbit<br />
Collage, Chippa United 2-0 Phiva<br />
Young Stars, Maritzburg United 3-1<br />
Swallows FC.<br />
The so called small teams that made<br />
it to the last 16 of this competition<br />
will now square off with other teams<br />
as follows, Mamelodi Sundowns vs<br />
EC Bees FC and Baroka vs Steenberg<br />
United.<br />
Meanwhile, the Nedbank Cup<br />
Ke Yona team search is on. Those<br />
who wish to take part in this<br />
once in a life time opportunity to<br />
trial for household name coaches<br />
in the country can do so by<br />
dialling *120*539662# and follow<br />
instructions. The entry criteria is as<br />
follows:<br />
<br />
<br />
Nedbank clients.<br />
<br />
<br />
African ID.<br />
<br />
and be selected for the team.<br />
<br />
correspondence will be entered into.<br />
<br />
contract to be part of the team.<br />
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