Arab Today, arab today south africa simplifies procedure for registering businesses
Last Updated : GMT 10:26:58
Arab Today, arab today
Arab Today, arab today

South Africa simplifies procedure for registering businesses

Arab Today, arab today

Arab Today, arab today South Africa simplifies procedure for registering businesses

Companies and Intellectual Property Commission
Johannesburg - XINHUA

The South African government on Tuesday launched a partnership with Companies and Intellectual Property Commission (CIPC) in a bid to simply the procedure for registering businesses.

With this partnership, registering a company in South Africa is now a simpler and seamless process, Trade and Industry Minister Rob Davies said at the launch ceremony in Johannesburg.

The CIPC is an entity of the Department of Trade and Industry (DTI) and Nedbank, which sees the bank joining other major banks in offering CIPC Online via nedbank.co.za.

This fully automated service allows business owners to register a business and open a business bank account in one convenient, seamless process.

The service is available to both Nedbank and non-Nedbank clients starting a new company, wishing to formalise existing businesses or creating additional ones.

"This is exactly what this project is demonstrating: it is a public-private partnership in the true sense of the term where government and Nedbank partnered to offer different products to the mutual customers through an integrated process," Davies said.

The Nedbank partnership is one of a number of the initiatives aimed at promoting efficiencies for end users, according to Davies.

This partnership extends the reach of government services to the most remote areas of South Africa, bridging the digital divide and making it easy to do business in South Africa, he added.

"Nedbank understands the tough economic environment that small businesses operate in. As such, we continue to innovate and provide practical solutions for small businesses, particularly start-ups, aimed at alleviating red tape and other barriers in starting a business," said Ciko Thomas, Nedbank's Group Managing Executive for Retail and Business Banking.

Typically, one of the first steps towards creating a small business is securing a company name, registering the company with the CIPC and obtaining a shareholder certificate. At this stage, a new business owner would also need to open a bank account to make and accept business related payments and start building a credit record.

Thomas stated that this solution will in turn assist businesses increase efficiencies, unlock growth opportunities, while freeing up their time to focus on what really matters in running their businesses.

"It is against this backdrop that we have partnered with the DTI and CIPC to bring a much needed service for new and existing businesses," he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south africa simplifies procedure for registering businesses Arab Today, arab today south africa simplifies procedure for registering businesses

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday