Small businesses are the lifeblood of South Africa’s economy, and as someone deeply invested in the growth of our nation, I am thrilled to see the government taking decisive action to support them. The Cabinet has recently approved the creation of an advisory body within the Department of Small Business Development (DSBD), a move that promises to amplify the voices and interests of small enterprises across the country.
This development isn’t just a formality—it’s a significant step forward for small business owners like you and me. The advisory body, as mandated by the National Small Enterprise Act of 1996, is designed to ensure that the challenges and opportunities faced by small businesses are represented and prioritised at the highest levels. In a country where small businesses account for roughly 98% of the economy and employ between 50% and 60% of the workforce, this kind of support is not just necessary—it’s essential (source: Small Enterprise Development Agency).
I believe that this advisory body will bring real, tangible benefits. According to Minister in The Presidency, Khumbudzo Ntshavheni, the primary role of this body is to provide the Minister of DSBD with expert, evidence-based advice on the key areas affecting small business growth. This includes offering insights into national standards for small enterprise development, regulation, and much-needed policy reforms. As Minister Ntshavheni explained, “The primary function of the advisory body will be to advise the Minister [of the DSBD] on broad areas that affect small enterprise growth, including national standards pertaining to small enterprise development and regulation.”
Furthermore, she added, “The advisory body will provide government with evidence-based expert advice on the functioning of various aspects of the small enterprise support ecosystem to enable more effective policy reforms, legislative amendments, and design of interventions to support micro, small and medium enterprises and cooperatives.” These insights are vital in guiding legislative changes and creating interventions that will directly impact how small businesses operate and thrive in South Africa.
On another note, the Cabinet has also approved the publication of the Aeronautical and Marine Search and Rescue (AMSAR) Bill of 2024 for public comment. This bill seeks to update the South African Maritime and Aeronautic Act of 2002, aligning it with international standards and enhancing safety measures. This modernisation is not just about compliance; it’s about fostering growth in the aviation and maritime sectors, which in turn boosts our economy.
As small business owners, we should take heart in these developments. Whether through the advisory body or broader legislative reforms, the government is taking steps that can pave the way for a more robust and supportive business environment. Let’s stay informed, stay involved, and continue to push for the changes that will allow our enterprises to flourish.