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Budget speech good for entrepreneurs and SMEs

PKF, the chartered accounting and business advisory firm that specialises in servicing growing and entrepreneurial companies, is positive about this year’s budget speech. Tax specialist DR ROBIN BEALE explains why.

Dr Robin BealeThe new simplified, turnover-based tax system for small businesses, announced by Trevor Manual in his budget speech today, is to be welcomed, even though some caution is in order.

The simpler tax matters are for the small business, the better. The new turnover-based tax proposed for these businesses will be a combination of VAT and income tax, with business owners paying tax on their total turnover without making any deductions for expenses. However, there is a danger that small, unsophisticated businesses could unwittingly miscalculate their taxes. Therefore a simpler turnover system is preferable.



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Posted in the category: Economy, Insight, Trends

WiFi losing hi-tech arms race

Wireless warCommercial WiFi hotspots face a dim future in South Africa – at least among corporate workers on the move, a new research study reveals.

Mobility 2007, the latest edition of World Wide Worx’s annual study of mobile technology, released this week, shows that the corporate use of WiFi – small networks that allow wireless access to the Internet – has fallen back after a steady rise in the previous three years. By contrast, the use of 3G – wireless broadband provided by the mobile networks – has rocketed.

World Wide Worx had been warning for several years that commercial WiFi hotspots, especially in hotels and conference centres, were in danger of pricing themselves out of the market. And, now that a monthly subscription to a basic 3G service is cheaper than a few hours on most commercial hotspots, the chickens have come home to roost.



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Posted in the category: News, Technology

Outsourcing for Africa

Ghanaian businesswoman Estelle Akofio-Sowah once considered a career in politics before deciding that she could do more for her country’s economy by becoming a successful entrepreneur.

Estelle Akofio-Sowah

The Internet-provider business that she launched in Accra in 2001 has gone on to become one of Africa’s most important “incubators” of new web-based companies in both Ghana and beyond, helping create badly needed jobs and promoting development.

Often requiring relatively low capital investment, such new service industries employing Internet technologies offer high potential for economic development and social advancement and can significantly contribute to the growth of Africa’s economies.But governments frequently overlook the needs of trade in services when setting economic priorities and even companies can fail to spot available export opportunities. Keep reading →

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Posted in the category: News, Trends

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The Big Change is a business strategy blog and newsletter published by Arthur Goldstuck, managing director of World Wide Worx, a leading technology research organisation based in Johannesburg, South Africa.

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