Small, Medium and Micro Enterprise (SMME) definition

Small, Medium and Micro Enterprise (SMME). - means a separate and distinct business entity, including co-operative enterprises and non-governmental organisations, managed by one owner or more which, including its branches or subsidiaries, if any, is predominantly carried on in any sector or sub-sector of the economy mentioned in column 1 of the Schedule of the National Small Business Act, 1996 (Act No. 102 of 1996) and which can be classified as a micro- a very small, a small or a medium enterprise by satisfying the criteria mentioned in columns 3,4 and 5 of the Schedule opposite the smallest relevant size or class as mentioned in column 2 of the Schedule;
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Small, Medium and Micro Enterprise (SMME). Means a small enterprise as defined in the National Small Enterprise Act 1996 (Act No. 102 of 1996)2. Refer to Appendix 1 for detailed SMME classification schedule.
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Small, Medium and Micro Enterprise (SMME) means any entity, whether or not incorporated or registered under any law, which consists mainly of persons carrying on small business concerns in any economic sector, or which has been established for the purpose of promoting the interests of or representing small business concerns, and includes any federation consisting wholly or partly of such association, and also any branch of such organization.
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Examples of Small, Medium and Micro Enterprise (SMME) in a sentence

  • This supports the National Development Plan (NDP) goals of 11 million jobs by 2030, the provision of economic opportunity for young people, and for rural areas, and the development of a strong Small, Medium and Micro Enterprise (SMME) base in the economy.

  • The Small Medium and Micro Enterprise (SMME) sector has been identified as an important strategic sector in the overall policy objectives of the Government of South Africa and it is seen as a driver of change for inclusive economic growth, national development, employment creation and poverty reduction.

  • Through its Small, Medium and Micro Enterprise (SMME) Empowerment Programme, local contractors accessed numerous sub-contracting opportunities.

  • To this end, the South African government has introduced several programmes for enterprise development and Small, Medium and Micro Enterprise (SMME) support in order to create employment and wealth.

  • The size of Small Medium and Micro Enterprise (SMME) has grown but the sector remains small for an economy of the size of South Africa.

  • These are:  Addressing poverty and social development; Promoting Broad-based Black Economic Empowerment (BBBEE) and Small, Medium and Micro Enterprise (SMME) participation in the Cape Winelands economy; Diversifying the local economy and; Broadening income opportunities within our region.

  • In the context of Local Economic Development, Cato Manor has initiated economic development projects as part of a Small, Medium and Micro Enterprise (SMME) Development Programme.

  • The South African government has recognised the importance of Small, Medium and Micro Enterprise (SMME) business activity as playing an essential function in the economy and that these firms are crucial drivers of economic growth, innovation, job creation and sustainability (Bureau of Economic Research 2016; Forte, Barros and Nakamura 2013; Mogashoa 2016; FinMark 2015; International Leadership Development Programme 2014).

  • In addition, the acknowledgement that 70% of new jobs are projected to arise from the Small Medium and Micro Enterprise (SMME) sector, implies that the onus is on the MSP2 to drive the development and growth of the SMME sector.

  • Policy LDP 9 is of assistance in evaluating such matters, this states: Policy LDP 9 – Development Setting, Layout and DesignThe Council will require developers and their agents to produce and execute a high standard of appropriate design in accordance with the following criteria: Development Setting (A) Development shall be sited and positioned so as to pay regard to the context within which it is located.

Related to Small, Medium and Micro Enterprise (SMME)

  • small and medium-sized enterprises or ‘SMEs’ means small and medium-sized enterprises as defined in Article 2 of the Annex to Commission Recommendation 2003/361/EC;

  • micro-enterprise means an enterprise, which at the time of conclusion of the payment service contract, is an enterprise as defined in Article 1 and Article 2(1) and (3) of the Annex to Recommendation 2003/361/EC in the version of 6 May 2003;

  • Radiologic technologist, limited means an individual, other than a licensed radiologic technologist,

  • Small Business Enterprise (SBE) means a business that is certified as an SBE under this program or the following similar programs and meeting the below economic thresholds (Section III “Economic Size Standards”).

  • Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million;

  • ATC means a measure of the transfer capability remaining in the physical transmission network for further commercial activity over and above already committed uses.

  • Modern Slavery has the meaning given to that term or, if “Modern Slavery” is not used, similar terms (such as forced labor), in the Modern Slavery Laws. Seller confirms that it does not use any Forced Labor, it conducts its business in compliance with the applicable Modern Slavery Laws, and it is not subject to any investigation, enforcement or conviction involving Modern Slavery. Seller shall promptly notify Buyer of any actual or suspected breaches by Seller or its Subcontractors of the applicable Modern Slavery Laws, and Seller agrees to provide Buyer immediately upon request any information and assistance that Buyer may require for compliance with the applicable Modern Slavery Laws.

  • Municipal Separate Storm Sewer System Management Program means a management program covering the duration of a state permit for a municipal separate storm sewer system that includes a comprehensive planning process that involves public participation and intergovernmental coordination, to reduce the discharge of pollutants to the maximum extent practicable, to protect water quality, and to satisfy the appropriate water quality requirements of the CWA and regulations, and this article and its attendant regulations, using management practices, control techniques, and system, design, and engineering methods, and such other provisions that are appropriate.

  • Enterprise zone means a neighborhood enterprise zone designated under the neighborhood enterprise zone act, 1992 PA 147, MCL 207.771 to 207.787.

  • Technology startup company means a for profit business that

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  • SAIC means the State Administration for Industry and Commerce of the PRC and/or its regional and local counterparts.

  • Urban Enterprise Zones means a zone designated by the New Jersey Enterprise Zone Authority pursuant to the New Jersey Urban Enterprise Zones Act, N.J.S.A. 52:27H-60 et. seq.

  • ASTC means ASX Settlement and Transfer Corporation Pty Ltd (ABN 49 008 504 532).

  • CMD means the Contract Monitoring Division of the City.

  • Small municipal separate storm sewer system or "small MS4" means all separate storm sewers that are (i) owned or operated by the United States, a state, city, town, borough, county, parish, district, association, or other public body (created by or pursuant to state law) having jurisdiction over disposal of sewage, industrial wastes, stormwater, or other wastes, including special districts under state law such as a sewer district, flood control district or drainage district, or similar entity, or an Indian tribe or an authorized Indian tribal organization, or a designated and approved management agency under § 208 of the CWA that discharges to surface waters and (ii) not defined as "large" or "medium" municipal separate storm sewer systems or designated under 4VAC50-60-380 A 1. This term includes systems similar to separate storm sewer systems in municipalities, such as systems at military bases, large hospital or prison complexes, and highway and other thoroughfares. The term does not include separate storm sewers in very discrete areas, such as individual buildings.

  • Digital Cross Connect System or "DCS" is a function which provides automated Cross Connection of Digital Signal Level 0 (DS0) or higher transmission bit rate digital channels within physical interface facilities. Types of DCS include but are not limited to DCS 1/0s, DCS 3/1s, and DCS 3/3s, where the nomenclature 1/0 denotes interfaces typically at the DS1 rate or greater with Cross Connection typically at the DS0 rate. This same nomenclature, at the appropriate rate substitution, extends to the other types of DCS specifically cited as 3/1 and 3/3. Types of DCS that cross connect Synchronous Transport Signal level 1 (STS-1 s) or other Synchronous Optical Network (SONET) signals (e.g., STS-3) are also DCS, although not denoted by this same type of nomenclature. DCS may provide the functionality of more than one of the aforementioned DCS types (e.g., DCS 3/3/1 which combines functionality of DCS 3/3 and DCS 3/1). For such DCS, the requirements will be, at least, the aggregation of requirements on the "component" DCS. In locations where automated Cross Connection capability does not exist, DCS will be defined as the combination of the functionality provided by a Digital Signal Cross Connect (DSX) or Light Guide Cross Connect (LGX) patch panels and D4 channel banks or other DS0 and above multiplexing equipment used to provide the function of a manual Cross Connection. Interconnection is between a DSX or LGX to a Switch, another Cross Connection, or other service platform device.

  • School-sponsored media means all student media that are:

  • Backsiphonage means the flow of water or other liquids, mixtures or substances into the potable water system from any source other than its intended source, caused by the reduction of pressure in the potable water system.

  • BPSAA means the Broader Public Sector Accountability Act, 2010 and regulations made under it, as it and they may be amended from time to time;

  • Homecare Worker means a provider, as described in OAR 411-031- 0040, that is directly employed by a consumer to provide either hourly or live-in services to the eligible consumer.

  • small enterprise means an enterprise which employs fewer than 50 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 10 million;

  • COVID-19 means SARS-CoV-2 or COVID-19, and any evolutions thereof or related or associated epidemics, pandemic or disease outbreaks.

  • Games means games of chance.

  • Clean coal technology means any technology, including technologies applied at the precombustion, combustion, or post combustion stage, at a new or existing facility which will achieve significant reductions in air emissions of sulfur dioxide or oxides of nitrogen associated with the utilization of coal in the generation of electricity, or process steam which was not in widespread use as of November 15, 1990.

  • Small Business Enterprise means a for profit small business concern that is at least fifty one percent (51%) owned by one (1) or more individual(s) who are economically disadvantaged. “Economically Disadvantaged Individual” is defined in Appendix B-1, Definitions, in Notice of Requirements for Small Business Enterprise (SBE) Program.