The estimated cost can be somewhere from R4 million – R6 million, depending on the type of restaurant and other factors. “An applicant must have a minimum of 35% of the purchase price of a restaurant in unencumbered, non-borrowed cash.
How do I open a restaurant in South Africa?
Here is everything you need to know to establish a restaurant in South Africa.
Building planning. Ensure you meet the appropriate requirements, including: zoning, rights of use, road and public access and parking.
Fire inspection.
Company registration.
Trading licence.
Health.
Taxation.
Labour.
Consumer protection.
Do you need a license to sell food in South Africa?
To legally sell any foodstuff in South Africa, except unprocessed agricultural products, you must apply for a Certificate of Acceptability from the local authority, which would typically be your municipality. This certificate must be in place before you start trading. You will need to apply for a license from the City’s Trade Licence Department. In addition, you will need to pay a once-off application fee. Only when all departments have returned favorable reports and recommend approval the trade license will be issued. For every new business established, you are required to register with your local SARS office to obtain an income tax reference number. Registration must be done within 60 days after starting operations by completing an IT77 form, available at your local SARS office or from the SARS website.
How much does a business license cost in South Africa?
A company registration may vary between R125 and R475 (R125 for a private company, R475 for a non-profit company registered without members).
What is the fastest growing business in South Africa?
The fastest-growing industries in South Africa include:
Transport and logistics.
Mining industry.
Agriculture and agro-processing.
Pharmaceuticals and healthcare.
Insurance industry.
Real estate.
Automobile.
Fashion and beauty.