The Forum: Southern African Accounting Association, May 2019 (original) (raw)

The paper discusses the revised classification criteria for Small, Medium and Micro Enterprises (SMMEs) in South Africa, introduced by the Department of Small Business Development. The changes aim to simplify the categorization of SMMEs into micro, small, and medium enterprises, reducing the criteria from three to two (total annual turnover and number of employees). This new classification aligns with international standards, potentially facilitating comparative research on SMMEs across different countries.