It costs less than R200 to start a business in SA – cheaper than most of the world – study says

rvZA

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It costs just R175 to start a business in South Africa, which is cheaper than 90% of the rest of the world, according to the World Bank Group's Doing Business study.

Starting a business in South Africa is inexpensive. Reserving a company name and registering with the Companies and Intellectual Property Commission (CIPC) can cost less than R200. These are the only cost-driven procedures associated with starting a business in South Africa, as determined by Doing Business' company registration study using data from 2020.

Opening a dedicated bank account, registering for income tax, withholding taxes – employees tax (PAYE), Unemployment Insurance Fund (UIF), Skills Development Levy (SDL) – VAT and with the Compensation Fund carry no initial charges.

 

rvZA

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While true, if only SA had a government favourable towards businesses, no crazy laws, spurring racial tensions, fixated on injustices of the past for all eternity, wanting to take land all the time, sharing business ownership with BEE, being so corrupt, it may actually have been a good move to own a South African business.
 

Grant

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it may actually have been a good move to own a South African business.
It is, and has been a good move - unless you are a prophet of doom named Chicken Little with a communist residing under your bed.
 

ForceFate

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While true, if only SA had a government favourable towards businesses, no crazy laws, spurring racial tensions, fixated on injustices of the past for all eternity, wanting to take land all the time, sharing business ownership with BEE, being so corrupt, it may actually have been a good move to own a South African business.
You're not bound by certain laws if you employ less than a certain number or your turnover is below a certain threshold.
 

[XC] Oj101

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Yes, sure. It cost me R 200 to get started and a further few hundred for a domain and hosting for a year. That quickly grew to a five digit figure for hosting, another five digit figure for attorneys to become compliant with the half dozen acts you need to follow, another five digit figure for having my books done, etc. REGISTERING a business is cheap, but actually running it costs an arm and a leg.
 

rvZA

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You're not bound by certain laws if you employ less than a certain number or your turnover is below a certain threshold.

It's not only the laws. It is a combination of things making it much more difficult, if not prohibitive, to own and run a SA business. South Africa simply is not a business-friendly country any longer.
 

ForceFate

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It's not only the laws. It is a combination of things making it much more difficult, if not prohibitive, to own and run a SA business. South Africa simply is not a business-friendly country any longer.
Examples?

Utilities and red tape?
 

Mila

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Registering and starting a business is very far apart.
You kinda just reserve your name for R200.
 

Mike Hoxbig

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It's not only the laws. It is a combination of things making it much more difficult, if not prohibitive, to own and run a SA business. South Africa simply is not a business-friendly country any longer.
We had a lot of good things going for us when Mbeki was president. The economy was booming.

Sure there was some corruption under his watch, everyone zoomed in on his AIDS views, and he was mocked for taking a soft line against Zimbabwe.

But these were relatively minor things in the bigger scheme of things. He was hounded out not only by Zuma, but the very people complaining about the ANC today.

The problem is that there are too many anti-ANC people who just can't see past their own hatred for the ANC. We don't have the best person for the job in Ramaphosa, but he's the best from a rotten bunch.

Instead of defending him from being attacked by the corrupt, and helping the party to self-correct, we're making the same mistakes that we made with Mbeki.

"Fsck the ANC, let them burn" etc, but like it or not they will be in power for a while still, so everyone best get on board and start having the country's best interests at heart - cos we might be looking at Mabuza being the next president. And unlike Zuma, he's much smarter and less likely to get caught...
 

ForceFate

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I got excited and registered a business, now what? any article on running a business? :unsure:
Make stuff and sell. Or buy stuff and sell. Or nick stuff and sell. Options are limitless. Or arrange for stuff to be bought and arrange stuff to be sold.

Or better yet, bid for Covid-19 tender.
 

Paul_S

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We had a lot of good things going for us when Mbeki was president. The economy was booming.

Sure there was some corruption under his watch, everyone zoomed in on his AIDS views, and he was mocked for taking a soft line against Zimbabwe.

But these were relatively minor things in the bigger scheme of things. He was hounded out not only by Zuma, but the very people complaining about the ANC today.

The problem is that there are too many anti-ANC people who just can't see past their own hatred for the ANC. We don't have the best person for the job in Ramaphosa, but he's the best from a rotten bunch.

Instead of defending him from being attacked by the corrupt, and helping the party to self-correct, we're making the same mistakes that we made with Mbeki.

"Fsck the ANC, let them burn" etc, but like it or not they will be in power for a while still, so everyone best get on board and start having the country's best interests at heart - cos we might be looking at Mabuza being the next president. And unlike Zuma, he's much smarter and less likely to get caught...

Rhamaposa isn't doing anything to prevent South Africa sliding into the abyss

Letting the ANC burn is the only way to try get them to catch a wakeup before there is nothing left of the country, at which point it pretty much won't matter what president we get.
 

krycor

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While true, if only SA had a government favourable towards businesses, no crazy laws, spurring racial tensions, fixated on injustices of the past for all eternity, wanting to take land all the time, sharing business ownership with BEE, being so corrupt, it may actually have been a good move to own a South African business.

I can do the same and that’s why SA will never get somewhere..

Until the past debt is settled we sit in this situation. I still believe the best way is like Germany.. yes it hits all in SA.. but it’s once off. Unfortunately people refused and 27yrs later we have the continual strained relations and inequity growing. Will there ever be stability? Nope.

I’m sorry but this continual BS of saying people should move on is dumb… let the SA gov take everything from you but the clothes on your back, throw you in a shack and let’s see if you and your family is that forgiving a few decades later ok?

Brutal reality check is that SA went the US way BUT with structural changes so it wasn’t purely superficial.
 
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Dolby

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... and then the red tape if you want to bring in anything electronic :cautious:

'Oh this product is safe for use in UK, Germany and USA? Well, let's see if passed our stringent African safety tests ... after you pay your R7,000 of course ... and in 6 months ... and if we reckon not safe ... please do it all again. Thanks'

Suppliers abroad have said the most difficult countries to get their stuff into appear to be developing countries,. South America is also quite tough to get into. On top this, we have our NRCS that are often a few years behind on what reports they'll accept. Government need to sort out the ease of doing business in this country, as that's our backbone.
 

Paul Kemp

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Starting a business is like a tangled ball of wool. It starts with a R200 registration fee and an exhaustive list of paperwork and ends with nothing for the majority.
 
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