摘要：The purpose of the study was to determine the perceptions of small, medium and micro enterprise (SMMEs) owners regarding the implementation of the New Companies Act. A quantitative approach was followed in the study where data were collected via structured questionnaires on a sampled of 335 SMME owners from various provinces. The results indicate that most of the participants are not aware of the companies Act and its compliance requirements. It further emerged that no consultation and awareness made by the government or its agencies when the phasing out of close corporations was made. It was found that there are different perceptions on the implementation in terms of qualifications levels. It is thus recommended that prior to the implementation of the Act, a thorough consultation and awareness be made to the businesses. Finally, it is recommended that sensitisation workshops be conducted among SMME owners to ensure that the business owners have full understanding of the Act so that they are able to comply with its provisions.
关键词：Small; medium and micro enterprise (SMMEs); New Companies Act of 2008; Old Companies Act of 1973
