SBPSA.

FAQ

SBPSA Frequently Asked Questions

• 1.    What qualifies a Small Business in your organization?

  For our purposes, a small business includes:

  1. One that has a yearly turnover of R300,000.00 or more but not exceeding R50,000,000.00 during the current year, or R150,000,000.00 over the preceding 5-year period;
  2. Is a church or any religious institution of any kind where more than three congregants donate money to the church or its pastor in one way or another;
  3. Is doing business with a state or any similar entity that can be perceived as such;
  4. Is a registered VAT Vendor or is likely to register for VAT or was a VAT vendor in the previous six months;
  5. Employs three or more employees in any given financial year or part thereof;
  6. Is a private education institution under the basic education segment;
  7. Receives a continuous government grant for whatever purpose no matter how small from the state or any business of the state;
  8. Is a taxi operator;
  9. Receives the majority (that is >90%) of its income from donations or one customer; r
  10. Was or is funded by investors situated outside the country in the current year or any of the three preceding years;
  11. Was funded by a financial institution using a loan or other financial arrangement in the current year or any of the preceding three years;
  12. Operates a trust account of whatever form; or
  13. Is an entity operated by non-South Africans?

  2.    Could people who do not meet the set definition still register with SBPSA?

  Yes, any business small business that does not meet the aforesaid criteria can register to be a member with us. However, that would mean that the business is voluntarily choosing to abide by our set of rules and procedures.