South Africans often don't pursue registering their own businesses due to negative perceptions regarding lengthy procedures with the Department of Trade and Industry.
702 and Cape Talk callers recounted some of their good and bad experiences with the DTI in getting their businesses registered.
Listen to the conversation below:
It takes a week to reserve a name. And once you've reserved a name, it will take you 3-5 days to get it registered. This thing that it takes long is a lie.— Mabizela, caller from Joburg
It took me a week to open a business, I did it online. Within 24-hours, the name had been approved and the CIPC sent me all the documentation I needed in about 4 or 5 working days.— William, caller from Randburg
The biggest stumbling block that stops people from starting businesses is funding...I want to urge the banks and corporate South Africa to come together and start a fund.— Shaun, caller from Edenvale
I can tell you now from experience that registering a business is not a problem, the problem is access to market and access to funding.— Thabisa, caller from Northcliff