This month we review the 3rd quarter SME Index findings; we feature Steve Mululu, of Dream Body Fitness, and Michelle Adcock, of Electrocoat, in our success stories; and we look into the proposed changes to the current B-BBEE Codes of Good Practice.
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SME Business Bang
December 2012   |   Volume 4.8

Third quarter SME Index reveals not all is doom and gloom for 2013

The third quarter Business Partners Limited SME Index (BPLSI), which aims to measure attitudes and confidence levels amongst the Small and Medium Enterprises (SME) industry in South Africa, has revealed that while business owners are less positive in their outlook for the South African economy in comparison to last quarter, their confidence levels in the growth prospects for their own businesses remain high.

The 2012 Quarter 3 BPLSI revealed that the SME owners surveyed displayed average confidence levels of 49% that the SA economy will be conducive for business growth in the next 12 months. This is a decrease of 4% since last quarter. In contrast, business owners displayed 73% average confidence levels that their own businesses will grow during this period, up 1% from the previous quarter.

Success story:
Using fitness and energy as start-up capital

A computer business is lucky in the sense that it can install its own office network. Similarly, a livestock farmer’s family gets its meat for free, or at least at cost, and a construction firm can build its own offices and storage facilities.

But what advantage does the owner of a start-up gym have? If you ask Steve Mululu, a 44-year-old Johannesburg fitness entrepreneur, he would say he has the greatest advantage of all: lots and lots of energy.

Success story:
The ultimate test of the strength of a business

The ultimate test of the strength of a business is if it can survive the loss of key people and still keep on flourishing.

Michelle Adcock, CEO of Electrocoat, says the death of her mother, Gloria Bloem, a year ago was a devastating blow to the business she had built with her husband Joe Bloem. And a few months later the production manager of the small family-owned coating business in Port Elizabeth, Danny Schoombie, died tragically in a car accident.

Proposed changes to the current B-BBEE Codes of Good Practice

The B-BBEE Codes of Good Conduct gazetted during February 2007 stipulated that all measured enterprises’ B-BBEE compliance must be measured. Two sets of targets were identified in the B-BBEE Codes: 0 – 5 years targets (more relaxed) and 6 – 10 years targets. The 6 – 10 years targets came into effect on 9 February 2012.

Revised B-BBEE Codes: Business Partners submitted comments with the DTI

In October the Department of Trade and Industry (DTI) launched the revised B-BBEE Codes of Good Practice. The gazette followed shortly thereafter signalling the start of a 60-day public commentary period in which business and members of public could submit their comments on the revised Codes for consideration. The commentary period lapsed on Wednesday, 5 December 2012.
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