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  • keyboard_arrow_rightThomas and Skhumba: It cost R175 to start a business in South Africa

Thomas and Skhumba: It cost R175 to start a business in South Africa

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

Thomas and Skhumba in the morning wanted to know is it really that easy to start a business in South Africa. In these difficult times in the country, a lot of people started their own business.

Also Read: Tips on turning your business into e-commerce money-maker

Also Read: Start a small business with little-to-no-money

Registering a business

The South Africa Government Services website has information on registering a business in all official languages. The process of registering a business is relatively easy and if you do it right, it won’t cost you that much.

Teddy from Midrand spoke about how easy it is to register a business and the all you need is R175 to get registered.

Rebone from Naledi spoke about how starting is easy, the big question is how do you sustain it and how difficult it is to do that in South Africa.

 

Funding

Funding for various types of businesses is available through the Industrial Development Corporation or the Department of Trade and Industry’s Government Investment Incentives.

Kaya listeners also spoke about challenges they face when it comes to funding. Another caller spoke about how though they have registered and wanted to own a stall in Johannesburg and wasn’t able to because of red tape and not having enough money.

Government support

There’s also a number of places to go to for support in the government.

These include the Small Enterprise Development Agency (Seda) which provides business development and support services for small enterprises.

Seda will give you all the information you need to start a business, including how to write a business plan, and once you have a business, to grow it.

The Department of Labour has useful tips for self-employment.

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