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New stringent compliance regulations could put 10,000 SMME brokers out of business as small brokers would need substantial resources to ensure that they can meet all the compliance requirements, says Sandra Dunn.

To aid the development of SMMEs and to answer the call for a commitment to be made by every business in South Africa to support, develop or initiate projects that specifically benefit small business, Siyakha Consulting has developed an incubation centre for SMMEs.

As much as 85 percent of government spending on goods and services will be directed to small, medium and micro-sized enterprises (SMMEs).

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