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Small Business Amendment Bill on Track

November 19, 2019

Department of Small Business Development

19 November 2019

The amendment of the National Small Business Act has not been completed.

The small business development department confirmed this while briefing the national council of provinces on its 2018/19 annual report.

According to the department, stakeholder engagements and the drawing up of policy positions that will inform the amendments to the act are underway.

Policy positions include Alternative Dispute Resolution and institutional arrangements.

At the end of 2017, the then small business development minister, Lindiwe Zulu, pointed out that the review of the act was currently underway.

According to the minister, provincial consultations across the nine provinces, including two national consultations, had been conducted.

The review was designed to introduce standard definitions, greater policy and programme harmonisation as well as improved monitoring of the impact of government and private sector investment in small business and cooperatives development.

The department also informed the select committee on trade and industry, economic development, tourism, employment and labour that a draft framework of standards for professionalisation of business advisory services has not been developed as planned.

Stakeholders had agreed that a Discussion Paper needs to first be developed documenting the status quo, options, processes and role players and justifying the need for Business Advisory Services.

The paper must also identify legislation relevant to the Business Advisory Services and a Services Standards Framework for South Africa.