Editing Small and medium enterprises (section)

==== South Africa ====
In the National Small Business Amendment Act 2004,<ref>{{cite web|title=Republic of South Africa, National Small Business Amendment Act|url=http://www.thedti.gov.za/business_regulation/acts/small_business_amendment_act.pdf|archive-url=https://web.archive.org/web/20150725112718/http://www.thedti.gov.za/business_regulation/acts/small_business_amendment_act.pdf|url-status=dead|archive-date=July 25, 2015|publisher=www.thedti.gov.za|access-date=10 October 2015}}</ref> '''micro-businesses''' in the different sectors, varying from the manufacturing to the retail sectors, are defined as businesses with five or fewer employees and a turnover of up to R100,000 [[South African Rand|ZAR]] ($6,900). '''Very small businesses''' employ between 6 and 20 employees, while '''small businesses''' employ between 21 and 50 employees. The upper limit for turnover in a small business varies from R1 million ($69,200) in the [[Agriculture in South Africa|agricultural sector]] to R13 million ($899,800) in the catering, accommodations and other [[Economy of South Africa#Trade and investment|trade sectors]] as well as in the [[Economy of South Africa#Manufacturing|manufacturing]] sector, with a maximum of R32 million ($2,214,800) in the [[Wholesaling|wholesale trade]] sector.

'''Medium-sized businesses''' usually employ up to 200 people (100 in the agricultural sector), and the maximum turnover varies from R5 million ($346,100) in the agricultural sector to R51 ($3,529,800) million in the manufacturing sector and R64 ($4,429,600) million in the wholesale trade, [[commercial agent]]s and allied services {{Clarify|reason=What are allied services?|date=July 2022}} sector.

A comprehensive definition of an SME in South Africa is, therefore, an enterprise with one or more of the following characteristics: 
* Fewer than 200 employees,
* Annual turnover of less than R64 million,
* Capital assets of less than R10 million,
* Direct managerial involvement by owners<ref>Du Toit, Erasmus and Strydom "Definition of small business" ''Introduction to business management, 7th Edition'' Oxford University Press, 2009, p. 49</ref>