Small Business definition

The National Small Business Act (102 of 1996) aims to provide for the "establishment of the Advisory Body and the Enterprise Promotion Agency; to provide guidelines for organs of state in order to promote small business in the Republic; and to provide for matters incidental thereto". The National Small Business Act defined small business medium, small, very small and micro enterprises based on certain characteristics.

The National Small Business Amendment Act (26 of 2003) aims to update and further define business according to five categories established by the original act, namely, standard industrial sector and subsector classification, size of class, equivalent of paid employees, turnover and asset value – excluding fixed property.

Sector or subsector in accordance with the standard Industrial Classification

Size of class

The total fulltime equivalent of paid employees

Total turnover

Total gross asset value (fixed property excluded)

Agriculture

Medium

100

R5m

R5m

 

Small

50

R3m

R3m

 

Very Small

10

R0.50m

R0.50m

 

Micro

5

R0.20m

R0.10m

Mining and Quarrying

Medium

200

R39m

R23m

 

Small

50

R10m

R6m

 

Very Small

20

R4m

R2m

 

Micro

5

R0.20m

R0.10m

Manufacturing

Medium

200

R51m

R19m

 

Small

50

R13m

R5m

 

Very Small

20

R5m

R2m

 

Micro

5

R0.20m

R0.10m

Electricity, Gas and Water

Medium

200

R51m

R19m

 

Small

50

R13m

R5m

 

Very Small

20

R5.10m

R1.90m

 

Micro

5

R0.20m

R0.10m

Construction

Medium

200

R26m

R5m

 

Small

50

R6m

R1m

 

Very Small

20

R3m

R0.50m

 

Micro

5

R0.20m

R0.10m

Retail and Motor Trade and Repair Services

Medium

200

R39m

R6m

 

Small

50

R19m

R3m

 

Very Small

20

R4m

R0.60m

 

Micro

5

R0.20m

 

R0.10m

Wholesale Trade, Commercial Agents and Allied Services

Medium

 

 

200

 

 

R64m

R10m

 

 

 

 

 

Small

50

R32m

R5m

 

Very Small

20

R6m

R0.60m

 

Micro

5

R0.20m

R0.10m

Catering, Accommoda­tion and other Trade

Medium

 

 

 

200

 

 

R13m

 

 

R3m

 

 

 

Small

50

R6m

R1m

 

Very Small

20

R5.10m

R1.90m

 

Micro

5

R0.20m

R0.10m

Transport, Storage and communications

Medium

 

200

 

R26m

 

R6m

 

 

 

Small

50

R13m

R3m

 

Very Small

20

R3m

R0.60m

 

Micro

5

R0.20m

R0.10m

Finance and Business

Services

Medium

 

 

200

 

 

R26m

 

 

R5m

 

 

 

Small

50

R13m

R3m

 

Very Small

20

R3m

R0.50m

 

Micro

5

R0.20m

R0.10m

Community, Social and

Personal Services

Medium

 

 

 

200

 

 

 

R13m

 

 

 

R6m

 

 

 

 

Small

50

R6m

R3m

 

Very Small

20

R1m

R0.60m

 

Micro

5

R0.20m

R0.10m



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