Tag Archives | SACCI

New ministry for SA small businesses

South Africa’s highly-anticipated first small business development minister Lindiwe Zulu carries the hopes of millions of small business owners on her shoulders, after President Jacob Zuma appointed her to this new ministry as part of his second-term cabinet. Zulu, a former special adviser to the president for international relations, who has admitted to not having… [Continue Reading]

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Small biz to get new “home”

A national debate in the small business community has flared up following the announcement last month by African National Congress (ANC) secretary-general Gwede Mantashe that a small business ministry might be introduced after the elections. Khusela Sangoni, ANC spokeswoman, says Mantashe does not want to comment on the matter at this stage because the proposal… [Continue Reading]

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Small Business Connect

New grant for youth employment

Business owners who employ young people can now apply for a grant under a new wage incentive. The Employment Tax Incentive Act, signed into law end of last year and effective from January 2014, provides for a wage subsidy that seeks to increase employment of inexperienced people between 18 and 29 years. Under the new… [Continue Reading]

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Help fund staff salaries with new youth wage subsidy

With effect from 1 January 2014, employers can take advantage of the Employment Tax Incentive, often referred to as the “youth wage subsidy”. According to Neil Raymer, Human Resources director at Labourwise, it appears to be a very simple process, essentially administered by the South African Revenue Service (Sars). “The scheme is available to employers… [Continue Reading]

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