Tag: Lula
The real cost of hiring – what SMEs often overlook when...
South Africa’s Small and Medium Enterprises (SMEs) face increasing pressure to grow cautiously. Economic volatility, rising operating costs and stubbornly high unemployment continue to reshape hiring decisions across the small business sector.
Reading the fine print – SMEs’ survival lies in contract details
Running a small business in South Africa has never been easy. With economic pressures ranging from inflation to rising operational costs, every decision matters. For many small and medium enterprises (SMEs), overlooked details in contracts can mean the difference between financial stability and unexpected setbacks.
Delayed budget and VAT hike – SME implications
As the nation waits for the rescheduled delivery of the Budget Speech on 12 March, many wonder what tax announcements to expect. The delayed budget and VAT hike mean small business owners, in particular, remain on tenterhooks as they anticipate the rate hike. This increase would see the VAT rate rise from 15% to 17%, which could significantly impact businesses.
