All South African companies and entities are required to submit beneficial ownership information to the CIPC (Companies and Intellectual Property Commission) within 30 days of their CIPC annual return being due or within ten days of incorporation from May this year. Companies are advised to meet this deadline to avoid falling foul of the new rules and risk penalties.
The success story that is HOT 102.7FM has had another significant chapter added, with the Johannesburg-based commercial radio station coming out tops in three categories at the 2023 South African Small Business Awards in Johannesburg.
HOT 102.7FM was named the winner in three categories: 2023 National Small Business Champion and the National Community Award category, while HOT 102.7FM founder and managing director Lloyd Madurai was honoured as South Africa’s National Entrepreneur Champion.
This year, the NSBC will mark the fifteenth anniversary of the South African Small Business Awards. The prestigious South African Small Business Awards recognises the tireless journey, hard work and outstanding achievements of Small Businesses and Entrepreneurial Success. It is a celebration of the most outstanding businesses and the mercurial individuals behind these successful and growing enterprises!
Article written by Danette Breitenbach (Bizcommunity)
From growing up in rural KwaZulu-Natal (KZN) to taking on people twice her size - literally - on her television show Devi, every week, investigative journalist Devi Sankaree Govender has a reputation for being fearless.
Her show has won the petite, but fierce journalist the hearts of South Africans as well as numerous awards such as the National Press Club Awards Journalist of the Year and the Television features, investigative and actuality category award this and the 2022 GQ Woman of the Year.
Her motivation to confront these often very scary and intimidating people she says is simple. “I am passionate about getting answers from people, holding them to account, doing the right thing, and championing the underdog.”
FedEx Express, a subsidiary of FedEx, have announced the deployment of its first 10 electric vehicles (EVs) in South Africa, as part of the company's continuing efforts to reduce its carbon footprint and promote sustainable logistics.
Introducing EVs in South Africa marks an important milestone for FedEx, as the company works towards its goal to transform its entire global pickup and delivery fleet to zero-emission electric vehicles by 2040.
To achieve this, FedEx Express will purchase 50% of its new vehicles as electric by 2025 and 100% of purchases will be electric by 2030.
Small and medium enterprises (SMEs) in South Africa face challenging times with rand/dollar volatility, inflation, low economic growth, and load shedding putting their strength and resilience to the test. SMEs need to be flexible, efficient, and innovative to survive—with many turning to technology to help them navigate the complex and fast-changing environment.
Barry Venter, CEO of Total Workspace Solutions provider, Nashua, says that the business landscape has changed dramatically since the start of the pandemic in 2020. Although the COVID-19 crisis is behind us, many of its legacies remain, including a deeper appreciation for the role of technology in driving efficiencies and enhancing competitiveness.
The onset of COVID-19 in 2020 and subsequent energy crisis, have dealt deafening blows to the small- and medium-sized enterprises (SME) industry. Now, as the sector and the country at large fights to enter a phase of economic stability, small businesses represent one of South Africa’s most promising opportunities for economic recovery.
This is according to Jeremy Lang, Chief Investment Officer at Business Partners Limited who believes strongly that the vital function which small businesses play within South African society is multi-faceted. As he says: “A move to support small businesses is a move to support the economic growth of the country.”
“South Africa has hundreds of thousands of small businesses – so many that they contribute over 40% of our country's gross domestic product and employ two-thirds of all South African workers. This means that, the more support they receive, the more people they can employ, and the more successful our country becomes”, says Mike Anderson: NSBC Founder & CEO.
Anderson says, “With more support, small businesses have the potential to breathe new life into the South African economy and play an even bigger role in economic growth and job creation. Small businesses represent countless hours of hard work, commitment, resilience, and thousands of jobs. When South Africans support the small, they make a big impact. Providing as much support to small businesses as possible is an investment in our communities and South Africa’s collective economic future”.
Political, economic instability and loadshedding are top issues, small firms optimistic about business survival and growth
South African small businesses are determined to face a challenging economic environment with optimism and resilience, according to Xero’s sixth State of South African Small Business report.
New research from global small business platform Xero, reveals the three main concerns for small businesses are political and economic instability (70%); revenue loss due to loadshedding (46%) and crime, poverty, and civil unrest (19%). While there are many challenges, South Africa’s small businesses have thrived in the face of adversity.