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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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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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