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Keeping the Department in Check

Small Business Department breaks the law and deprives Small Business

Administrator
May 2018

Protector for noncompliance with the SME Act. The minister has not appointed the National Small Business Advisory Council (NSBAC) as required in the SME Act. Notwithstanding #SASMEF having raised the matter with the Minister and the department and reporting the matter to the Parliamentary Portfolio Committee on Small Business since 2015, The Minister and DG of the DSBD has remained non-compliant. In February 2017, The DG made a report to the Portfolio Committee on the matter outlining a process that…

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SME Impact

Private sector puts faith in SME’s to avert junk rating

SASMEF Communications
November 2017

May 10, 2016 On Monday it was announced by Discovery CEO Adrian Gore that the private sector has set aside R1.5 billion to help small and medium enterprises survive the current tough economic climate. They are hoping that government will match the funding Rand for Rand raising the fund to R3 billion. Deputy President Ramaphosa was quoted as saying that the government wants to see it going to R10 billion so that it can support entrepreneurs who are the great…

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2016 Convention Report:

SASMEF launches nationally at 2nd Annual Convention in Gauteng

SASMEF Communications
March 2016

Mar 30, 2016 The 2nd annual Convention of the South African Small and Medium Enterprises Federation took place on 17 March 2016 at the DBSA Vulindlela Auditorium in Midrand. The theme for the gathering was "IMSME Expands Networks for Inclusive Entrepreneurship Aligned with UN Sustainable Goals". CONVENTION REPORT SASMEF launches nationally at 2nd Annual Convention in Gauteng Gathering under the theme of #IMSME Expands Networks for Inclusive Entrepreneurship Aligned with UN Sustainable Goals, the second annual convention of the South…

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Prominent Barriers to Entry

An Overview of the Prominent Barriers to Entry in South Africa's Retail Banking Industry

SASMEF Communications
February 2016

Feb 29, 2016 The South African retail banking sector remains highly concentrated with six large banks accounting for more than 90 percent of retail deposits; namely, Standard Bank, Absa, First National Bank, Nedbank, Capitec and Investec1. Some of the small players such as Grindrod and uBank have been operating since 1994 and 1975, respectively, yet their deposits have not grown significantly in this period.2 The sector has experienced few successful entrants since the establishment of Absa 25 years ago,3 and…

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Executing on SDG 8 will only be possible by working together - South African Small Medium Enterprise Federation

The private sector should be working with civil society and government, not in its own silo.

SASMEF Communications
January 2016

Jan 26, 2016 In 2015 the South African Small Medium Enterprise Federation (SASMEF) committed itself to aligning with the United Nations Sustainable Develop Goals (SDG) specifically Goal 8; decent work and economic growth. SASMEF also published their 10 point Strategic Agenda which aligns the business to the SDG 8 's targets. The question now is - execution! We at SASMEF believe that the execution and success of SDG 8 will be through the enablement of the Informal-,Micro-, Small- and Medium…

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National SME act needs change

SASMEF, after consultation with the Department of Small Business Development, invites all to provide input on how the SME act can be amended to build sustainable SMME's that contribute to inclusive growth and jobs.

SASMEF Communications
January 2016

Jan 25, 2016 SME ACT AMENDMENTS SASMEF, after consultation with the Department of Small Business Development, invites all to provide input on how the SME act can be amended to build sustainable SMME's that contribute to inclusive growth and jobs. SASMEF will collate and present your contributions to the Department of Small Business Development. If you are a member of SASMEF we will also represent you during the the consultative process and eventual formal presentation and processes before National Assembly…

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Creating an enabling environment for SMME in South Africa

The #IMSME movement made possible by SASMEF will represent the interest of SMME in the creating of the enabling environment.

SASMEF Communications
January 2016

Jan 11, 2016 This process is huge and multifaceted and cannot be left solely to government or the academic institutions. It is also far larger than the capacitating of individual SME businesses and owners. The process of creating has to be inclusive of ALL STAKEHOLDERS. It is here that the voice of SME as delivered by SASMEF is of paramount importance. SME stakeholders do not have the resources and the time need for the creation of this enabling environment. The…

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Feedback from 4th Quarter SASMEF Board Meeting

SASMEF concluded its quarterly board meeting taking note of the macro social economic issues that reflect negative credit risk ratings including the embarrassing corruption index, stagnant growth and increasing joblessness particularly amongst the youth.

SASMEF Communications
December 2015

Dec 11, 2015 The South African Small and Medium Enterprises Federation (SASMEF) on Monday 7 December concluded its quarterly board meeting taking note of the macro social economic issues that reflect negative credit risk ratings including the embarrassing corruption index, stagnant growth and increasing joblessness particularly amongst the youth. In this context the SASMEF Chairperson Dr. Ruben Richards called for a renewed and robust effort to enable the environment for the growth of sustainable SMME’s. Dr. Richards noted that SME…

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SASMEF is committed to "DECENT WORK & ECONOMIC GROWTH": Global Goal No 8

South African Small Medium Enterprise Federation (SASMEF) is excited that The Global Goals were accepted. Specifically Goal 8 - which is what SASMEF is all about.

SASMEF Communications
November 2015

Nov 16, 2015 On September 25 2015, 193 world leaders committed to 17 Global Goals to achieve 3 extraordinary things in the next 15 years. End extreme poverty. Fight inequality & injustice. Fix climate change. Global Goal Number 8 is "Decent work and Economic Growth". This is about "promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all". South African Small Medium Enterprise Federation (SASMEF) is excited that The Global Goals were accepted. Specifically…

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Minister Lindiwe Zulu calls for effective collaboration between businesses

Subtitle

SASMEF Communications
October 2015

Oct 8, 2015 South Africa needs more success stories of a symbiotic relationship between big and small businesses. It appears small businesses tend to participate at the end of the value chain when a product is finished. This was said by Minister of Small Business Development this morning in Cape Town at the South Africa-Italy Summit. “We must proceed from the premise that supporting small businesses and co-operatives is not a philanthropic gesture on the part of big business. In…

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SASMEF Heritage Day Message

We in South Africa enjoy a rich and diverse heritage.

SASMEF Communications
September 2015

Sep 24, 2015 Dear SME Supporters, Friends and Colleagues. We in South Africa enjoy a rich and diverse heritage. It comes to us as a living legacy from the past to which we in turn will add, subtract, multiply and divide according the tangible and non-tangible resources at our communal disposal. We are stewards of this legacy and in time we shall hand the baton of stewardship on to our descendants. But it did not fall from heaven. It was…

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SASMEF begins membership drive

SASMEF Communications
September 2015

Sep 22, 2015 The South African Small and Medium Enterprises Federation (SASMEF), at the September 2016 quarterly meeting of the board of Directors approved the Executable Strategy for SASMEF with the following purpose. Develop (Create) an environment where SME’s are able to significantly contribute to a healthy economy Enable political and economic environment for SME’s Be the voice of SME’s within the country Ensure seismic impact on the economy by SME’s Secure and Manage Funding to ensure the programmes and…

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Letter from the SASMEF CEO

You have followed the pursuit of an enabling environment for SME in South Africa.

SASMEF Communications
September 2015

Sep 22, 2015 Dear SME Supporters, Friends and Colleagues. You have followed the pursuit of an enabling environment for SME in South Africa. This will build sustainable SME’s. In this way South Africa will break the mould of low growth, stunted job creation, increased poverty and inequality. There are 600,000 SME in South Africa. SME contacts have followed me on social media, waiting to confirm membership of the SME movement called South African Small and Medium Enterprises Federation also known…

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Small Business is Everyone’s Business: Unlocking the Value of SA’s SME Sector

2016 Board elected

SASMEF Communications
September 2015

Sep 8, 2015 Founded in 2012, the South African Small and Medium Enterprises Federation (SASMEF) is a national private social enterprise that unlocks resources from the political and economic centers as a catalyst for the creation and development of sustainable SME’s. Following the recent annual general meeting, a new board has been elected with the mandate to further strengthen and develop the Federation as well as build on the existing relationships with the key stakeholders in the SME arena. Newly…

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SASMEF doubles its efforts to promote SME unity

A critical challenge facing both the SME sector and government is consensus. Government wants to talk to a united voice and the sector, albeit fragmented at present, wants to be taken seriously.

SASMEF Communications
September 2015

Sep 8, 2015 The Board of Directors of national private sector organisation the South African Small and Medium Enterprises Federation (SASMEF), founded in 2012, have just concluded their quarterly board meeting with a renewed commitment to ensure that the SME sector is taken seriously by government. To achieve this SASMEF will double its efforts in promoting unity within the SME sector. A critical challenge facing both the SME sector and government is consensus. Government wants to talk to a united…

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Small Business Committee Unhappy with Department's Lack of Consultation with Retail Sector

“It is unbelievable that since its inception, the department has not consulted with the sector in order to determine what was required in order for Small, Medium and Micro Enterprise (SMMEs) companies as well as cooperatives to enter the retail market in a sustainable manner,” said Ms Ruth Bhengu, Committee Chairperson.Subtitle

SASMEF Communications
September 2015

Wednesday, 3 September 2015 – The Portfolio Committee on Small Business Development has expressed unhappiness with lack of consultation between the department and broader retail sector. “It is unbelievable that since its inception, the department has not consulted with the sector in order to determine what was required in order for Small, Medium and Micro Enterprise (SMMEs) companies as well as cooperatives to enter the retail market in a sustainable manner,” said Ms Ruth Bhengu, Committee Chairperson. The Committee met…

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SME's are what SME’s are

But when infant mortality rises in a country, we do not focus on the infants only, by giving excessive medication training and mentorship. For babies will be babies – windy and wet and vulnerable.

SASMEF Communications
September 2015

Sep 1, 2015 SME's are what SME’s are, like babies wet and windy and vulnerable… that is a fact. It is part of development. But when infant mortality rises in a country, we do not focus on the infants only, by giving excessive medication training and mentorship. For babies will be babies – windy and wet and vulnerable. Rather, when infant mortality rises, we treat the conditions in which the baby grew from cell to birth and to adolescents. –…

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Extract 2 Recommendations from the Portfolio Committee on SME

Having met with the Department to scrutinise the Annual Performance and budget for 2015/16, the Committee made the following observations

SASMEF Communications
June 2015

Jun 11, 2015 Recommendations Having considered the Strategic Plan, Annual Performance Plans and budget for the Department of Small Business Development and its entities, the Committee recommends as follows: The Department should rethink its budget for Programme 1: Administration compared to the core functions of the Department such as Programme 2: Cooperative Development. A 20/80 ratio should be used whereby 20 percent be allocated for support functions and 80 percent to core functions. The Committee still maintains that there should…

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Extract 1 Observations from the Portfolio Committee on Small Business

Having met with the Department to scrutinise the Annual Performance and budget for 2015/16, the Committee made the following observations

SASMEF Communications
June 2015

Jun 11, 2015 The Portfolio Committee on Small Business Development, having considered the Strategic Plan, Annual Performance Plan and Budget of the Department of Small Business Development for 2015-16 on the 25 March2015, 15 April 2015, 06 May 2015, 12 May 2015 and 13 May 2015 reports as follows: Observations Having met with the Department to scrutinise the Annual Performance and budget for 2015/16, the Committee made the following observations: The Strategic Plan of the Department is aligned to the…

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