Transcription of 110 No. 42304 GOVERNMENT GAZETTE, 15 MARCH 2019
1 2019 Revised Shedule 1 of the National Definition of Small Enterprisein south AfricaI, Lindiwe D Zulu, Minister of Small Business Development, acting in terms ofsection 20 (2) of the National Small Enterprise Act, 1996 (Act No. 102 of 1996),hereby proclaim as follows, in matters pertaining to the Definition of SmallEnterprise in south africa -Amend the Schedule of the Small Enterprise Definition as contained in theNational Small Enterprise Act, 1996 (Act No. 102 of 1996), read with theNational Enterprise Amendment Act, 2003 (Act No. 26 of 2003) and the NationalSmall Enterprises Act, 2004 (Act No. 29 of 2004) to:1) New turnover threshold values to account for inflation, since theSchedule was last revised in ) Two proxies instead of three. The new schedule defines small enterpriseusing two proxies -`total full -time equivalent of paid employees' and`total annual turnover'.3) Removal of the third proxy of Total Gross Asset Value in the currentdefinition as the proxy is often inappropriate and difficult to ) The size or class category `very small enterprise' collapsed into the`micro enterprise' category.
2 Many users found this size or class categoryunhelpful and inconsistent with international this proposed proclamation:Definition of Small Enterprise"Small enterprise" means a separate and distinct business entity, togetherwith its branches or subsidiaries,if any, including cooperative enterprises,managed by one owner or more predominantly carried on in any sector orsubsector of the economy mentioned in column 1 of the Schedule and classifiedas a micro, a small or a medium enterprise by satisfying the criteria mentionedin columns 3 and 4 of the gazette is also available free online at No. 42304 GOVERNMENT gazette , 15 MARCH 2019 Small Business Development, Department of/ Kleinsake-ontwikkeling, Departement vanDEPARTMENT OF SMALL BUSINESS DEVELOPMENTNO. 399 15 MARCH 2019399 National Small Enterprise Act (102/1996): Revised Schedule 1 of the National Definition of Small Enterprise in south africa 42304Pf ,5 10,0 million5 60,0 million<_ 35,0 million51- 2505 70,0 millionLindiwe D Zulu,Minister of Small Business DevelopmentDate.
3 24fotfca,c2 Community, Social and PersonalMediumServicesMicroCatering, Accommodation andother TradeMedium51- 250 Micro5_80,0 million540,0 million555,0millionRetail, motor trade and <_ 75,0 million51- 250< 80,0 million51- 250<_ 17,0 million<_ 210,0 million<_ 15,0 million5 50,0 millionSCHEDULE 1 The new National Small Enter rise Act thresholds or de ininenter rise size classes b sector usin two roxiesSectors or sub -sectors inSize or class of enterpriseTotal full -time equivalent ofTotal annual turnoveraccordance with the Standardpaid employeesIndustrial ClassificationAgricultureMedium51- 250<_ 35,0 millionThis gazette is also available free online at STAATSKOERANT, 15 MAART 2019 No. 42304 111
