Kasi businesses lack organisational compliance

a loss to

Small Businesses l Non-Profit Org’s l Cooperatives

Development in S O U T H A F R I C A

Written by:

I s a a c M a v u s o Facilitator l Speaker l Coach

KASI BUSINESSES LACK ORGANISATIONAL COMPLIANCE

Small Busnnesses, NPO’s & Cooperatives

COMPLIANCE

Organisational compliance is an important element to the

success of any businesses. The success a Business empowers

the growth of the company, opportunities for employment

and economic benefits to individuals all the

way to their families.

Yet it is taken for granted and mostly

misunderstood. Many of the Kasi business

and organisation loose funding, grants and

business opportunities from government,

business and other institutions that seek to

empower kasi organisation due to the lack

of or non-compliance.

Early last year I was invited by a kasi

cooperative run and managed by woman

requesting my assistance, established in 2011. In 2012-2013

they were awarded a school uniform project and in 2013-2014

they believed that as in the previous year they will be awarded

the project, to their surprise it did not happen, due to non-

compliance. This prompted my invitation and consultation

services. After a bit of cleaning and alignment they have

qualified. Currently await schools allocation to begin the work.

This is the importance of compliance.

A lot of kasi businesses, NGO’s and

Cooperatives surfer a dramatic loss on good

prospects as well as opportunities simply

because they are not compliant. Basically

don’t qualify. Before we get to business let’s

look at this from a personal context.

In your home or house what qualifies a stranger to visit and to dine with you? And when they are invited in, are

there things they can and cannot do? Is

there expected behaviour from them?

What is that one thing that if they did

there will be no negotiations they will be out. What is

unacceptable behaviour?

Kas i bus ine sse s ,

NGO’s and

Cooperat ive s sur fe r a

dramat ic lo ss on

good prospec ts as

we l l a s opportun i t i e s

s imply because they

are not compl i an t .



Now if they live up to your expectation, behaves in a good way

that is COMPLIENCE and when they don’t, that is NON-

COMPLIANCE. Compliance Definition:

the practice of obeying set rules or requests made by

people in authority, procedures that must be followed

by individuals or groups to ensure full compliance with

the law or any governing body. Online Oxford Learner

Dictionary & Isaac

THE IMPORTANCE OF COMPLIANCE

Now that we understand what is compliance. Let’s get to

understand the benefits of it. If you are going to seek

some form of assistance for starting or growing your

Business especially from government and big business

even individuals in the form of; funding, loan, grants,

investment, partnership etc.

Caution: most people run around when they hear of an

opportunity they run to register a company, Tax

Clearance and BEE Certificate on the last minute a heavy

price to pay when you miss out the opportunity. You

have to be ORGANISED. Leave nothing to chance.

COMPLIANCE CHECK LIST

The following list should form part of your business file

and based on the nature of your business and client you

serve you might need and some will be non-applicable to

you and your business. Below check the list and tick what

you have, highlight what you should have and NA what

you don’t need. There is more in compliance these are the

basics, get them right the rest is easy… You don’t need a

miracle you need DEDICATION. That is true Magic.

WHICH ESTABLISHMENT DO YOU HAVE?

Private (Pty) l Public Company (Pty) Ltd

Sole Trader l Partnership Company

Cooperative Ltd l Non- Profit org.



COMPLIANCE LIST

Income tax registration l Tax clearance certificate (original)

Tax Exemption certificate (NPO) l Identity document (Certified)

Vat registration document l BEE Certificate or Affidavit

Proof of banking, letter, cancelled cheque (not a bank

statement)

Annual Financial Statement l Annual Returns l

Social Dev Repots (NGO)

P.A.Y.E document l Shareholding Certificate

Vendor registrations (municipality & Companies)

Unemployment insurance fund document

Workman’s compensation fund document

Registration council or regulating body (CIDB& others)

Staff CV/ brief profile & Contracts

Disability document (Doctors certificate or relevant doc.)

Business Profile l Business Plan l Constitution (NPO/

Cooperatives) Good job; Now that we identified what

you have, what you need and don’t need. When do

you plan to get the ones you should have. Come up

with the plan, the sooner the better. Let’s start with

three most important.

TO DO LIST Activity start/ finish result 1.

2.

3.

CONCLUSION

Kasi businesses and organisations have the opportunity to

grow but neglect and taking things for granted this cripple

the dreams. Understand the importance of compliance and

put together all the necessary business documents in a file

and manage your file well that is the most important thing.

It wii give you peace of mind. Most rewarding thing in your

business is to be organised and ready. My teacher use to say

“take care of small things and big things will take care of

themselves.



078 568 8726 [email protected]

www.isaacmavuso.co.za

Written by:

I s a a c M a v u s o Facilitator l Speaker l Coach

Kasi businesses lack organisational compliance

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