| (1) | The Minister may make regulations regarding- |
| (i) | the manner in which an institution may be incorporated into the Agency; |
| (ii) | the criteria for appointment of members of the Board; |
| (iii) | the design and implementation of small enterprise financial support programmes in order to- |
| (bb) | facilitate access to finance by service providers to small enterprises and small enterprise organisations; |
| (a) | generally, any other ancillary or incidental administrative or procedural matter which may be necessary or expedient to prescribe for the proper implementation or administration of this Act. |
| (2) | The Minister may, in order to achieve the objects of this Act, by notice in the Gazette make regulations, setting the criteria to determine the classification of micro, small and medium enterprises, to account for inflation and macro-economic shifts in the economy. |
Section 20(2) substituted by section 7 of the National Small Enterprise Amendment Act, 2024 (Act No. 21 of 2024), GG50965, Notice No. 5049, dated 23 July 2024 - effective 1 October 2024 per Commencement Notice 190 of 2024]
