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    How woman entrepreneur turned gas refilling into big business

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Photo: Dr Nasiphi/Tshwane Mayor/X

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    18,000 cane growers face collapse if Tongaat rescue plan fails

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Photo: Supplied

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    Hiring on hold as slow January trading squeezes cash flow

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  • Business
    Refilwe Sebothoma, founder and Chief Executive Officer of Hakem Energies, a self-funded enterprise determined to tackle energy poverty while building opportunity from the ground up

    How woman entrepreneur turned gas refilling into big business

    Small restaurants often struggle to keep up with digital tools transforming the food industry, relying instead on manual systems that can slow down service and limit growth

    Simple ordering solution empowers small restaurants

    City of Joburg executive mayor Dada Morero says by-law compliance is non-negotiable.

    Township traders miss out as City’s Spaza Shop Fund falters

    The City of Tshwane is set to build 60 new trading stalls in Marabastad to support traders and entrepreneurs. 
Photo: Dr Nasiphi/Tshwane Mayor/X

    New trading stalls bring opportunities for Tshwane entrepreneurs

    Exporters are trying to redirect fruit shipments through India, Oman, and Sri Lanka as tensions in Middle East continue

    Fruit exports threatened as Middle East tensions disrupt ports

    Small business operators in Limpopo have suffered losses as a result of damage caused by renewed floods in the province this week. Photo. Twitter/x

    Renewed Limpopo floods strike SMEs again as roads collapse

    Eastern Cape

    R120m boost for Eastern Cape agency to support small business

    Courier companies rely on domestic airfreight networks to move parcels quickly between major South African cities.

    How surging fuel prices are disrupting SME operations

    Illicit and counterfeit goods continue to undermine legitimate small businesses while posing health and safety risks to consumers. Photo: SAPS Media

    SMEs under siege as fake goods flood markets

    Growers and SMEs await a rescue plan to secure Tongaat Hulett and protect thousands of livelihoods. Photo: Internet

    18,000 cane growers face collapse if Tongaat rescue plan fails

  • Agriculture

    Why global tech providers are eyeing SA’s poultry sector

    Growers and SMEs await a rescue plan to secure Tongaat Hulett and protect thousands of livelihoods. Photo: Internet

    18,000 cane growers face collapse if Tongaat rescue plan fails

    Escalating input costs tighten the squeeze on small grain farmers

    The market is expected to create opportunities for SMMEs in logistics, packaging, cold storage and produce distribution.

    New produce hub to connect 150 000 farmers to global markets

    Lebohang Dhludhlu, founder of Nkanyezi Farming in eMalahleni.

    Spotlight on agriculture: women farmers demand greater backing

    Limpopo Premier Dr Phophi Ramathuba says the provincial government will broaden support to enterprises owned by women, youth, persons with disabilities and military veterans and will establish a Provincial Enterprise Development Technical Committee and a Broad-Based Economic Empowerment Committee. Photo. Limpopo Office of the Premier

    Limpopo set to establish B-BBEE committee during 2026\7

    Stock theft and robberies are crippling SMEs and farmers.

    Burglary and stock theft a growing threat to businesses

    Minister of Agriculture John Steenhuisen says private vets will be allowed to administer vaccination to combat FMD

    Private vets now eligible to register for FMD vaccine rollout

  • Innovation
    Innovative building technologies (IBTs) are set to transform South Africa’s housing sector while opening new opportunities for SMEs. Photo. Dept of  Human Settlements

    Innovative building technologies to unlock opportunities for SMEs

    A new app helps school leavers find vacancies at varsities and relevant courses. Photo. Wits University

    Innovative entrepreneur’s app helps students access varsity

    Township-based tutoring businesses are emerging as an important and fast-growing support system. Photo. CPD Online College

    Back-to-school rush boosts township tutoring businesses

    DSTI's Director-General Dr Mlungisi Cele and CSIR CEO Dr Thulani Dlamini during the launch of CSIR's Hot Isostatic Press facility. Photo: CSIR

    New CSIR facility opens advanced manufacturing access for SMEs

    A locally developed point-of-care diagnostic test for foot and mouth disease (FMD) is expected to strengthen business continuity in South Africa’s livestock sector. Photo. Stellenbosch University

    Foot and mouth diagnostic innovation offers relief for farmers

    CSIR robotics experts Dr Sunveer Matadin (white shirt) and community health worker and disability consultant Ruth Stubbs with the Buddy4Life cerebral palsy prototype device, 26 November 2025.

    Science research body seeks SME support for new health product

    eNL Mutual Bank is a new entrant in the banking sector.

    Women owned mutual bank enters banking sector

    Import dependent SMEs hope RMB payments will reduce delays and exchange rate losses.

    RMB payments set to improve import trade for SMEs

    South Africa’s tourism sector is positioning itself for a more tech-driven future following the launch of a Smart Tourism Visitor Information Centre (VIC) at OR Tambo International Airport.

    ORT airport digital centre gives SMEs exposure

    The Chief Commercial Officer of HisWay Labs, Mr Kent Gibbon, showcasing TrackView on Day 1 of the Rail Live 2025.

    South Africa’s small rail engineers target international markets

  • Finance
    Gauteng has allocated R36.4 billion for infrastructure development over the medium term, creating potential supply chain opportunities for small businesses.

    Gauteng’s R36.4bn infrastructure drive opens doors for SMEs

    Provincial expenditure momentum is boosting procurement activity, but small contractors warn that payment timing remains critical for business sustainability.

    Accelerated provincial spending sparks SME procurement fears

    Skills system reforms place focus on employability, with implications for SME labour costs and productivity.

    How dual training could save SMEs billions

    Government’s new shared payments platform, PayInc, aims to modernise South Africa’s digital transaction ecosystem, potentially lowering merchant fees and improving interoperability for small businesses.

    National budget unveils Paylinc to cut SME payment costs

    Discussions at the recent Franchise Association of South Africa’s (FASA) conference and expo in Johannesburg centred on how franchise-led expansion could address persistent constraints faced by SMEs. Photo. Proudly South African

    Franchising for SMEs – aligning skills, finance and growth

    SMEs are set to benefit from a R340 million deal between Dutch entrepreneurial development bank FMO and SA fintech lender Lula.

    SMEs set to benefit from R340 million lending deal

    The 2025 festive season confirmed that cashless commerce is no longer a trend but a structural feature of the economy. Photo. Standard Bank

    Festive spending shows double digit growth in cashless payments

    Zelma Matinise is the sixth woman to become a Sorbet franchise owner through the Bidvest Bank Sorbet-Preneur iniative.

Photo: Supplied

    Sorbet-Preneur model unlocking SME ownership for women

    Cattle farmers in affected provinces are holding animals longer as foot-and-mouth disease movement controls continue to restrict market access.

    Foot-and-mouth curbs push small-scale farmers to the brink

    A student accommodation in Soshanguve Block H that assists students who are still struggling to get access to school residence

    Township property owners make good business from student rentals

  • Tourism
    Global tensions are slowing international bookings for South Africa’s tourism small businesses. Photo: Internet

    Iran-US war: airspace closures leave SA tourism SMEs in limbo

    Festive season tourism injects about R13 billion into KwaZulu-Natal’s economy.

    KZN’s festive season boom: what’s in it for tourism SMEs?

    The anticipated return of major tourism events, including the Tourism Indaba, has renewed discussion about local procurement inclusion.

    Bad roads, broken fences threaten tourism SMEs sustainability

    South African tourism businesses connect with international travel buyers at the country’s exhibition stand at ITB Berlin.

    How international tourism show can benefit SA’s SMEs

    Rural tourism SMMEs tackle youth unemployment despite financial strain.

    Tourism sector presses for sustainable youth employment.

    Tourism industry stakeholders warn the SA-Indonesia MoU must move beyond paper to drive real results.

    Tourism SMEs call for action beyond signing of MOUs

    President Cyril Ramaphosa described tourism as the jewel in the nation’s crown.

    Tourism SMEs ponder how to capitalise on growth after SONA

    SMEs in the tourism sector are looking for action on promises made during the 2026 SONA.

    Post-SONA: call to turn tourism growth into leadership capital

    The Mpumalanga Economic Development and Tourism, together with the NYDA, recently honoured Nyathi and 30 other young entrepreneurs at the Mpumalanga Tourism Youth Fund Grant Handover Ceremony

    Emerging entrepreneurs strategise for expansion post-funding

  • Advertise
  • Resources
    • All
    • Business Tools & Templates
    • Compliance & Legal
    • Funding & Opportunities
    • Thoughts & Sharing tips
    • Township Policy & Government
    Small business owners receive mentorship and training through a social enterprise programme.

    How social enterprises are driving sustainable job creation

    The Khi Solar One energy plant in Northern Cape. Photo. Franz Reinisch

    Solar and wind projects drive economic growth beyond the city

    The South African Reevenue Service is moving towaerds digitilisation of their collection services.

    Tax changes entrepreneurs can’t ignore as taxman updates systems

    Experts warn that compliance and tax issues are becoming increasingly common particularly among SMEs. Photo. Sabinet

    Experts advise on triggers for account freezes as SMEs stumble

    Business compliance checks form part of the process when opening a business bank account in South Africa.

    Mastering FICA and CIPC – avoid delays in bank account approval

    Small businesses say access to equipment funding remains one of the biggest barriers to growth.

    SMEs assess reopened asset assist plan as funding gap persists

    When government payments run late, small businesses can really feel the pinch on their cash flow.

    How SMEs can beat violation of 30 day payment policy

    A student accommodation in Soshanguve Block H that assists students who are still struggling to get access to school residence

    Township property owners make good business from student rentals

    Quiet trading floors in January are forcing many small businesses to delay new hires until cash flow improves.

    Hiring on hold as slow January trading squeezes cash flow

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Small businesses struggle to secure funding in cannabis sector

by Moipone Malefane
March 21, 2024
in Business
Reading Time: 3 mins read
A A
Cannabis Plant

Cannabis Plant

By: Zandile Majavu

Red tape, funding, and expensive equipment are just some of the hurdles SMMEs must deal with to get into the cannabis and hemp sectors. Since the decriminalisation of dagga in 2018, many small enterprises that attempt to set up their businesses and export globally have been hampered by a lack of funding and bureaucratic processes before they even get off the ground.

Last month, the National Council of Provinces passed the Cannabis Private Purposes Bill. It is set to introduce a new set of regulations to determine the legal usage, cultivation, and transportation of dagga. Speaking at a recent Parliamentary briefing focused on opportunities and perspectives, including the challenges facing small businesses in the cannabis and hemp industries, House of Hemp CEO Dr. Thandeka Kunene said the different value chains of cannabis included seeds for oil pressing, cannabis stalks for fibre extraction, and leaves for medicine extraction.

Last year, about 664 farmers in KwaZulu-Natal received permits to plant, store, and transport cannabis and hemp. Although a hemp permit is easy to get with an application fee of R600 and a turnaround time of six weeks, businesses can only use registered seeds that are imported, while there are local seeds that have low tetrahydrocannabinol (THC), which is a psychoactive component.

In addition, Kunene said the SA Health Products Regulations Authority (SAHPRA) has stringent requirements for commercial licenses, which include a secured site, site inspections and offtake agreements, personnel requirements, and an application fee of R21,800. “There are now 107 SAHPRA commercial licenses, out of this amount, only seven people are black, and the rest are white, which is a big problem,” Kunene said. “And they need a lot of documents. I had to hand in three files with references in the value chain. They come five times to inspect the site, and every time they come, you must pay R5800 or R3600.”

Meanwhile, Hemp 4 Life CEO Ben Sassmen said that even though the government spoke about commodifying hemp and cannabis, most of the license holders were currently not receiving state funding and also had difficulties with banks. “I started to look for funding two years ago. Commercial banks and Absa denied funding on the basis that it is a high-risk sector, however, commercial banks will fund you if you want to farm because that has a track record of 150 years, whereas cannabis and hemp are only five years old. While the Free State Development Cooperation told me that their budget was depleted,” he said.

IFP Parliament portfolio member on small business, Inkosi Bhekisizwe Nivard Luthuli, questioned the unnecessary red tape processes that made it difficult for aspiring cannabis small business owners to secure licenses and funding. Luthuli also said some of the requisites were impossible to satisfy for rural small businesses that did not have the means and expertise to acquire expensive cannabis machines before obtaining the licenses. “First, you must have a doctor; second, you should have a place to sell; even a letter from a person that will confirm that they will buy. Even the equipment is expensive because if you are going to have a tunnel for it to plant, you must have a computerised water plant, you spend a lot before you can enter the industry,” he said.

Tags: Cannabis Private Purposes BillDaggaDr Thandeka Kunene
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