Businesses question future in SA

2013-10-29 00:00

There was some good news, in that the thresholds have been increased, allowing small business some compliance relief, but qualifying businesses are going to find complying very onerous indeed, because the number of elements has been reduced and there is little flexibility.

A 40% sub-minimum requirement has also been introduced for the three priority elements, which are ownership, skills development, and enterprise and supplier development, with QSEs required to comply with ownership requirements and one other, and generic companies with all three elements.

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