Corporate Youth Jan. / Feb. 2014 | Page 33

SMMEare reluctant and other Funding: Why banks means to acquire funding By: Katlego Maifadi According to Investment Network, the South African government has noticed that small start-up businesses are the source that decreases poverty, and increases the economy as employment in South Africa is due to these sustainable businesses. Although there are many challenges, small businesses can receive incentives from the government. One of the challenges start-up businesses are faced with are the costs and expenses that the businesses have to endure to start up the initial businesses; such as the process of registering the company and other administrative costs.