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NATIONAL SMALL BUSINESS ACT: MICRO, SMALL, MEDIUM ENTERPRISE CLASSIFICATION CRITERIA REPLACED
- 27 May 2026
- Small Business Development
- SA Legal Academy
The Department of Small Business Development has gazetted proclamations immediately replacing a schedule to the 1996 National Small Business Act prescribing the criteria to be used when classifying an enterprise as micro, small or medium.
- One proclamation gives effect to section 8 of the 2024 National Small Enterprise Amendment Act, which repeals the schedule to the 1996 principal statute. It is accompanied by a presidential minute.
- A separate proclamation inserts a replacement schedule setting out the new criteria.
The new classification criteria were released in draft form in September 2025 for comment, as SA Legal Academy reported at the time.
- 2024 amendment Act
Published by SA Legal Academy Policy Watch
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