GAUTENG PROVINCIAL GOVERNMENT’S REGISTRATION OF SPAZA SHOPS

There are various requirements that need to be met to ensure the successful registration of spaza shops.

These included a correctly filed application form that provides personal and business details; a certified and valid copy of a South African identity document; proof of residence; business registration with the CIPC; proof of ownership or permission to utilise business premises; zoning certificate and consent use or special consent use or comment from municipal City Planning; certificate of acceptability or comment from Environmental Health supporting the application; and the municipality-determined payment before a business license may be issued.

ON FOREIGN NATIONALS

Foreign nationals will be required to provide valid documentation from the Department of Home Affairs giving them authorisation to operate a business in South Africa. This must be in the form of a valid business visa or work permit. The eligibility for a business visa, as per South African law, is that a foreign national must invest a prescribed amount of R5 million into an existing business or provide a business plan with evidence of R5 million capital contribution.

GAUTENG DEPARTMENT OF ECONOMIC DEVELOPMENT MAKES A PLEA TO THE RESERVE BANK TO PREVENT LIQUIDATION OF THE DRIP GROUP (PTY) LTD

We written to the Governor of the South African Reserve Bank (SARB), Lesetja Kganyago, to request a rehabilitative intervention for The Drip Group (Pty) Ltd that is currently facing challenges of non-compliance with domestic tax laws.

🧵… In the letter to the Governor, have expressed unwavering respect and commitment to the rule of law, which extends to the respect of the investigative process that the SARB has undertaken in its legal matter with the company that is under investigation for the contravention of the provisions of the Exchange Control Regulations, made under section 9 of the Currency and Exchanges Act, 1933 (Act No. 9 of 1933).