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
I started my business 5 years ago Soweto Art Projects..we do consultant, content development, concept developer and performing arts…we turn hobbies into a business
— Soweto Art Projects (@art_soweto) July 29, 2021
@KayaON959 #ThomasAndSkhumba Gents starting a business one must a passion. 2. You need to come up with with some different to attract people to your product. You can sell some that is already there and alot of other businesses are selling but uniqueness is the key to success.
— Thokozani mavuso (@Thokozanimavu13) July 29, 2021
I registered my busienss 2019 we started oparating last year we are a buy pack center that collects Recyables. @FNB helped me with Registration and a bank account #ThomasAndSkhumba pic.twitter.com/MfDtnhn5xE
— Nqobani Nkomo (@mbanjwa_nqobani) July 29, 2021
Also Read: Start a small business with little-to-no-money
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 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.
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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