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South African SME Advice for Modern Business Owners
The Novum Group blog delivers practical South African SME advice on accounting, tax, payroll, HR, compliance and business technology.
Explore clear, actionable guidance designed to help business owners make informed decisions, manage risk and build more efficient, resilient businesses.

Small Business Corporations (SBC) in South Africa: Who Qualifies, What You Save on Tax, and How We Help (2025/26)
For many owner-managed companies, electing (and maintaining) Small Business Corporation (SBC) status is one of the most valuable tax optimisations available in South Africa. Instead of paying the flat 27% corporate income tax, a qualifying SBC is taxed on a graduated (marginal) scale with a significant zero-rated band. The Small Business Corporation (SBC) tax benefit at a glance (years ending 1 Apr 2025 – 31 Mar 2026)* R0 – R95,750: 0% * R95,751 – R365,000: 7% of the amount a
Aug 15, 20254 min read


Expat Tax - A brief overview
What is Expat Tax?An expat is someone who temporarily lives and works outside their country of citizenship or residence. In South Africa, expats are now taxed on their global income, which includes earnings from foreign employment. Previously, employment income earned abroad was exempt in it's entirety from tax obligations in South Africa, should the taxpayer in question meet the necessary requirements. Some factors to note about expat tax as it applies to foreign employment
Aug 15, 20244 min read


Enhancing Transparency: South Africa's Beneficial Ownership Legislation - For companies
In the global fight against financial crimes such as money laundering and terrorist financing, many countries have recognized the importance of beneficial ownership transparency. South Africa is no exception, as it has implemented beneficial ownership legislation to promote greater transparency and accountability in corporate entities. In this blog post, we will explore the key aspects of South Africa's beneficial ownership legislation and its impact on combating illicit acti
Jul 12, 20233 min read


Navigating International Trade: An Overview of Import and Export Regulations and Opportunities in SA
Introduction The import and export industry presents significant opportunities for South African entrepreneurs looking to expand their business horizons and tap into global markets. However, it is essential to understand the regulations, processes, and opportunities associated with international trade. In this blog post, we will provide an overview of import and export regulations and highlight the exciting opportunities available to South African businesses in the global mar
Jul 11, 20236 min read


Crafting Your Roadmap: A Comprehensive Guide to Business Plan Templates and Examples
Introduction A well-written business plan is a vital tool for entrepreneurs. It serves as a roadmap that outlines your business's goals, strategies, and financial projections. A comprehensive business plan not only helps you articulate your vision but also attracts investors, lenders, and potential partners. However, creating a business plan from scratch can be a daunting task. In this blog post, we will delve into the world of business plan templates and examples, providing
Jul 11, 20235 min read


Unlocking Growth: A Guide to Small Business Funding and Grants in South Africa
Introduction Access to capital is a crucial factor for the growth and success of small businesses in South Africa. Whether you're starting a new venture or expanding an existing one, securing funding is often a top priority. Fortunately, there are various funding options and grants available to support entrepreneurs in their journey. In this comprehensive guide, we will explore the landscape of small business funding and grants in South Africa, providing valuable insights and
Jul 11, 20236 min read


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