Recognising the challenging business environment in South Africa and committed to driving positive change, the South African Chamber of Commerce and Industry (Sacci) has partnered with the Companies and Intellectual Property Commission (CIPC), along with key stakeholders such as the Chartered Institute for Business Accountants (Ciba) and the University of South Africa’s (Unisa’s) affiliate company, Inhlanyelo Hub, to launch a small and medium-sized enterprise (SME) initiative, the SME Launch. In a November 7 media release, Ciba points out that, while the CIPC registers about 50 000 companies a month, research indicates that about 70% will likely fail within two years.
