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Thread: SME - Small and Medium-sized Enterprises?

  1. #11
    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Singhms View Post
    What turnover makes a small business and medium business?

    Does anyone have information different from above, or is Daves small business < R5mil and medium business >R5mil <R35mil the way to go?
    It really depends whom you're trying to satisfy. That particular definition applies to B-BBEE, but as the rest of the posts show, there are many different definitions out there.

  2. #12
    Diamond Member Justloadit's Avatar
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    The turnover value as a value for deciding what business size you are is not a true reflection. I have 10 employees, and a turn over of R35mil, 98% of my turnover is the cost of the product I am selling, because of the nature of business that I am in. My bottom line is in the order of a small business doing less than R5m a year
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    Diamond Member Blurock's Avatar
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    The difference in Small and Medium also depends on the number of employees. The turnover figure of R5-R35 mil for Medium business is widely accepted, although as said, the application may vary.
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