Directors: Sipho Nkosi: SBI Chairman; Bernard Swanepoel; Hettienne von Abo-Moolman; Thabi Leoka; Joe Mwase; Octavia Matloa; Lumkile
Mondi; Winda Austin-Loeve
Notice to SBI Members
Notice is hereby given to all members of the SBI of the Annual General Meeting (AGM) to be held on:
Date: Wednesday 20 November 2019 Venue: Sanlam office: 11 Alice lane, Sandton Time: 14:00 – 15:00
The purpose of the Members’ meeting and the business to be transacted is as follows:
1. Welcome and constituting of the meeting
2. Tabling and consideration of: – Annual Financial Statements year ending Feb 2019
3. Re-appointment of Directors: – Joe Mwase – Octavia Motloa – Winda Austin-Loeve
4. Approval of: – Directors report – Auditors report
– Re-appointment of Auditors
5. Special resolution: – Revision of the SBI MOI
6. Closure
Note: Members entitled to attend and vote at the Annual General Meeting are entitled to appoint a proxy to attend, participate in, speak and vote on the Member’s behalf. The person holding the proxy need not be a member of the company.
Attached documents:
– Annual Financial statements year ending February 2019, Directors report, The Auditors report will be circulated on Monday 11 November. – Proxy Forms – Revised MOI
Yours sincerely,
Sipho Nkosi Bernard Swanepoel SBI Chairman SBI Executive Director


Embargo: none

Ahead of his second State of the Nation Address (SONA), as part of the public-private growth initiative delegation to President Cyril Ramaphosa, the Small Business Institute (SBI) has tabled a set of proposals to ensure that the small business segment is placed at the front and centre of economic growth and job creation.

“The Small Business Development Minister, Lindiwe Zulu, once calculated that if 90% of new jobs by 2030 are to come from SMMEs as envisioned by the NDP, they need to be hiring 800 000 people each year. We need to make a conducive business environment for small businesses a national priority,” says Bernard Swanepoel, SBI’s executive director.

Key points raised by SBI:

SMMEs are a segment of every sector in the economy, not a “sector”, reminds Swanepoel.

“Importantly, we would like to see the appointment of a business champion within his Cabinet who will move support for SMEs to the centre of any inclusive and transformative growth strategy.”

SBI also calls on the President to lead the purposeful implementation of Section 18 of the National Small Business Act, requiring all ministers to conduct an impact assessment of legislation, regulations and policy on SMMEs.

“We believe that publishing the results of these impact assessments will contribute to better engagement with the public and SMMEs. By doing so, the President and his administration will then be ‘thinking small first’, which is vital for us to achieve,” says Swanepoel.

The President should also prioritize policy that introduces better cohesion and coordination between public and private sectors.

“The lack of capacity in municipalities and their resistance to involve the private sector must be addressed. Revitalizing local businesses through business chambers and establishing a framework for strong collaboration with local government structures – particularly around the issues of service delivery, municipal budgets, local procurement and job creation – is a matter of urgency,” says Swanepoel.

SBI also proposes the creation of at least one Special Enterprise Zone or Enterprise Development Zone per province in a town where there is a functioning public-private partnership between organized local business and the local municipal government. “This approach will allow space to relax red tape with emphasis on local issues and needs,” he says.

The SBI also calls on the President to sanction all the departments that continue to ignore his instructions to pay small enterprises on time.

“President Ramaphosa should instruct all relevant SOEs to stop interrupting essential services to local authorities when there are outstanding payments between the authority and, for instance, Eskom. Existing mechanisms should be used to normalize the arrears on these accounts,” according to Swanepoel.

Ahead of the launch of the second phase of South Africa’s first Base Line Study on Small Businesses, the SBI asks the President, government and Big Business to support the completion of this study.

“Future policies and interventions should be fact- and evidence-based based and South Africa has operated in an environment of assumptions about this critical segment of each and every sector of our economy for too long,” says Swanepoel.

He adds: “We would like to urge government to channel its energy and both financial and non-financial support towards existing small and medium-sized enterprises which have already escaped the two-year death trap; they have a better chance of success and job-creation potential. Indeed, the same approach should be adopted by non-state financing agencies.

“As SBI we are committed to working with all stakeholders especially government, big business and labour who are genuinely committed to the growth of the small business segment in our country.”

For more information and media interviews, please contact:
John Dludlu
083 676 1881

The results of our Base Line Study on Small Business are available on our website:

SBI Beefs Up Its Capacity

January 27 2019
The Small Business Institute announces today that two top-rated South African economists and thought leaders are joining its board as part of SBI’s bid to strengthen its capacity to champion the voice of small business.

Simultaneously, SBI also unveils a new executive team with immediate effect.

In terms of the changes, respected businessman, mining executive and SBI director Sipho Nkosi assumes the role of chairman of the institute, and economists Lumkile Mondi and Thabi Leoka will join the board of SBI as non-executive directors.

Serial entrepreneur, mining magnate and former SBI chairman Bernard Swanepoel has agreed to head up a new executive team as SBI’s founding executive director. Former SBI director and financial communications professional Jennifer Cohen has been appointed as executive for policy and advocacy, and journalist and former newspaper editor John Dludlu joins SBI as executive for strategy and public affairs.

Of the appointments, Nkosi says: “I’m really pleased to welcome Thabi and Lumkile onto the Board of SBI, and I look forward to their immense contribution in our role as the big voice of the small business segment in our country. As well as their unimpeachable integrity, the pair brings a wealth of experience accumulated from years of service in both the private and public sector.”

He adds: “I should also take the opportunity to thank Bernard for his passion for the development and growth of small business, and for agreeing to invest more of his time as executive director of SBI. SBI owes Bernard a debt of gratitude for his commitment to the institute.”

The changes are part of the ongoing transformation of the SBI which began over a year ago, and follow the partnership with the leading research think-tank Small Business Project (SBP) under the leadership of small business expert Chris Darroll.

“These appointments signal our commitment to promoting the growth of small business through fact- and evidence-based policy making in our country. We are launching the next phase of our ground-breaking baseline study which we announced last year,” says Swanepoel.

“We look forward to joining hands and working with all role players in our country who are committed to the growth of this all-important but often poorly supported segment of our economy,” says Nkosi.

Notes to editors:

John Dludlu
SBI Executive for strategy and public affairs
+27 83 676 1881