How can your skills as a Business Accountant empower Spaza Shops and Informal Traders to comply with the new registration requirements December 2024

This webinar explores how business accountants can assist spaza shop owners in navigating these challenges, ensuring compliance, enhancing financial management, and unlocking opportunities for sustainable success. December 2024

Date:

1 December, 2024

Time:

Available from 08:00

Hours:

2 hours

CPD Units:

Category:

Accounting

Group:

Channel 0: Foundation

Format:

Webinar

Product Information

The announcement by President Ramaphosa on the regulation of the Spaza shops brings with it major frustrations to the Spaza owners as they see this as an unnecessary red tape. Spaza shops and informal traders are cornerstones of South Africa’s township and rural economy, providing essential goods and fostering entrepreneurial opportunities. However, regulatory requirements, financial challenges, and operational inefficiencies often hinder their growth. This webinar explores how business accountants can assist spaza shop owners in navigating these challenges, ensuring compliance, enhancing financial management, and unlocking opportunities for sustainable success.

What will set you apart

By attending this webinar you will gain the following competencies:

Understanding Regulatory Requirements:
1. Importance of registering with municipalities within 21 days.
2. Overview of licensing, zoning laws, and health standards.
Offering Tailored Accounting Services fit for the type of business and the infrastructural challenges:
1. Record-keeping essentials for informal traders.
2. Stock management and handling incomplete records.
3. Tax compliance and financial reporting for growth and sustainability.
Building Sustainable Businesses:
1. Benefits of formalizing a spaza shop.
2. Accessing funding opportunities and government support programs.
3. Practical tools to enhance operations and profitability.

Event breakdown

Legislative requirements
Where and how to register
Who should register
Nature of the spaza and informal trade
Assisting the trade from Zero to Hero
Financial reporting and budgeting

Certificate

The following event is awarded 2 CPD units in Accounting.

Presenter/s

Faith Ngwenya

Faith Ngwenya is a accomplished accounting professional with leadership roles in academia and industry standards, Faith currently supports CIBA’s Technical Team and chairs key industry committees.