Module 7

Question 1

What are the requirements to qualify as an SBC?

Answer 1

. Entity must be a CC, co-op, private company, or personal liability company
. All shareholders must be natural persons
. Gross income cannot exceed R20 million
. Shareholders/members cannot hold any interest other than in
- company listed on an exchange
- collective investment scheme
- any body corporate, share block or other association of persons
. Investment income and income from personal service does not exceed 20%
. Not a personal service provider

Question 2

Which entities that provide workers will not be classified as a labour broker?

Answer 2

Companies, CC’s and Trusts