National Small Business Act Under Review

Department of Small Business Development

Amendments to the National Small Business Act will be introduced by the end of the 2018/19 financial year.

The small business development minister, Lindiwe Zulu, confirmed this during a media briefing in Pretoria.

The review of the act is currently underway.

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

Speaking earlier this year during her department’s budget vote debate in parliament, the minister declared that the Draft National Small Business Amendment Bill will be tabled in parliament in 2018.

“The objective of the review is 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,” she said.

Proposed amendments to the Cooperatives Amendment Act are also currently underway.

Meanwhile, the department’s Promotion of Access to Information Act description was recently published in Government Gazette 41287.

The act prescribes that all public bodies such as the department must provide details of all internal records held so that requests for information can be processed.

The purpose of the act is to foster a culture of transparency and accountability in both the public and private sectors by affording any person the right of access to information to enable them to exercise and protect their rights to the full extent required.

The list of records automatically available includes for inspection, purchasing, copying and free of charge.

Sabinet Cape Town Office