The%20National%20Small%20Business%20Act,%201996-%20Amendment

1

• The National Small Business Act, 1996- Amendment

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Objective of Amendments

• Repeal all Provisions pertaining to the National
  Small Business Council
• Provide Ministerial Powers to establish a voice
  of Small Business
• To amend technical provisions relating to the
  Agency i.e alignment of the mandates
• To amend technical provisions relating to the
  Nominations of the Agency Board
• To make substitution to the schedule of the Act
  to reflect changes in current economic changes
  i.e the change in the value of the Rand.

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Amendment of Section 1

• Deletion of the Constitution of the Council

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Substitution of Chapter 2

• Chapter 2 is substituted by providing the
  Minister with powers to establish a voice of
  Small Business
• the Minister may provide mechanism to give a
  voice to small business as contemplated in the
  support strategy.

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Technical amendments in Chapter 3

• Overlapping policy and research functions of
  Ntsika and the dti are hereby amended
• An open ended mandate by Ntsika other non
  financial srvices to be amended to refocus the
  mandate.

6
Amendment of section 11

• Technical amendment required in section 11 to
  remove the cumbersome process of appointing Board
  of Directors for Ntsika (remove Gazette)
• Technical amendment regarding the appointment of
  alternates required to strengthen cooperate
  governance in the Agency.

7
Amendment of Section 19(4)

• Technical amendment required to allow time for
  information to be incorporated in the Annual
  Review of Small Business.

8
Substitution of the Schedule

• Due to continuous economic change and thus the
  monetory value, the schedule of the Act needs to
  be substituted with new figures and treshholds.