Johannesburg - Nedbank, in partnership with the Companies and Intellectual Property Commission (CIPC), on Monday announced the launch of their CIPC Online portal.
Nedbank’s Group Managing Executive for Retail and Business Banking, Ciko Thomas, said that the launch of the platform would enable business owners to easily register their businesses, register additional directors and open a business bank account “in one convenient, seamless process”.
The service was available to both Nedbank and non-Nedbank clients who were “starting a new company, wishing to formalise existing businesses or creating additional ones”.
According to Nedbank, customers utilising the services would not be charged a facilitation fee.
Thomas said the portal indicated how “Nedbank understands the tough economic environment that small businesses operate in”, and understood the difficulties start-ups faced in taking off, “particularly in their infancy when most businesses are more prone to fail”.
Minister of Trade and Industry Dr Rob Davies said a “key theme for the Department of Trade and Industry (the dti) and its agencies is continuous improvement”.
Davies said: “This is exactly what this project is demonstrating; it is a public-private partnership in the true sense of the term where government and Nedbank partnered to offer different products to the mutual customers through an integrated process. The Nedbank partnership is one of a number of the initiatives aimed at promoting efficiencies for end users.”
He said it showcased government’s commitment to extending services “to the most remote areas of South Africa, bridging the digital divide and making it easy to do business in South Africa”.
“It is a one-stop service for an entrepreneur, who needs a convenient and seamless process to register their business and open a Nedbank business current account,” explained Davies.
Thomas added that Nedbank was “working on further enhancements to assist clients in the electronic filing of Annual Returns, BEE registration and potentially UIF registration in the near future.”
ANA