Mandatory SMME registration awaits ministerial approval

The Local Enterprise Authority (LEA) recently concluded nationwide consultations on the proposal after the ministry tasked it to gather views and recommendations from stakeholders within the SMME ecosystem.

Speaking during a stakeholder engagement session this week, LEA Head of Information and Knowledge Management, Dynah Solani, said the consultations recorded strong support for the initiative. A self-administered questionnaire involving 511 respondents found that 98% endorsed mandatory registration, whilst an online survey recorded 79% support.