Frequently Asked Questions

What is the definition of an SMME?

SMME stands for small, medium and micro enterprises. The qualification of an SMME is defined according to the revised Schedule 1 of the National Definition of Small Enterprise Schedule (March 2019) contained in the National Small Enterprise Act, 1996 (Act No. 102 of 1996), read with the National Enterprise Amendment Act, 2003 (Act No. 26 of 2003) and the National Small Enterprises Act, 2004 (Act No. 29 of 2004). For more detail please use go to the following link: Revised Schedule 1 of the National Definition of Small Enterprise Schedule 

What is the definition of a Cooperative?

A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. A cooperative society is defined as a business owned and controlled equally by the people who uses its services or work for it.  Cooperatives are regulated by the Cooperatives Act 14 of 2005.

What is a Financier

A financier or funder is an organisation, public or private in nature, whose sole or main business is the provision finance to SMMEs, Cooperatives and relevant enterprises. This funding can come in the form of debt instruments, equity instruments or grant funding.

What is an Ecosystem Support Services stakeholder?

An Ecosystem Support Services stakeholder or service provider is a company or organisation that facilitates or enables SMMEs, entrepreneurs and cooperatives to achieve growth and sustainability through capacity building, market access or other means of empowerment. These Ecosystem Support services come in the form of accelerator programmes, incubation hubs and other similar organisations such as chambers or community-based organisations. Ecosystem Support Services stakeholders or service providers exclude corporates.

What is a Corporate with ESD programme?

 According to the B-BBEE Commission, the purpose of the Enterprise and Supplier Development (ESD) is “to promote a conducive environment for creation of sustainable partnerships between Corporate South Africa and black entrepreneurs to enable access and transformation of the value chains. Therefore, a Corporate with an ESD Programme is a Corporate that is running or sponsoring an ESD Programme that has the objective of providing support to qualifying suppliers and customers across their value chain. 

Who can be nominated for the awards?

SMMEs, Cooperatives, Financiers, Ecosystem Support Services stakeholders and Corporates with ESD Programmes who match the respective definitions above can be nominated for The National Presidential SMME Awards 2023. 

Can I apply directly instead of being nominated?

 Yes, you can apply/nominate yourself for The National Presidential SMME Awards 2023. 

When will the winners be announced?

The winners will be announced on Friday 17th November 2023 during The National Presidential SMME and Cooperatives Awards 2023. The shortlisted nominees will be informed by the 31st October 2023 and will be invited to attend the awards.

Will winners outside of Johannesburg be transported and accommodated?

Yes, flights and accommodation will be provided only to the successful candidates in the SMME and Cooperatives category.

What if I do not have an audited financial statement, Can I still upload my documents?

 Yes, you can upload your documents if you do not have independently reviewed or audited financial statements. Though, an independently reviewed financial statements or audited financial statements gives you an edge over other nominees.

Will the judging process be fair?

The selection and judging process will be audited by an external Auditing firm to ensure fairness across the board. 

What is closing date for the nomination?

All nominations and applications close on the 13th of October 2023.