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A very simple definition of a co-operative would be to say it is a business where a group of people get together voluntary to address their common needs.<\/p>\n
A co-operative is a distinct form of enterprise that provides services and\/or products to its members. Profit, known as surpluses in a co-operative, is divided among members in relation to the amount of the business each member did with the co-operative.<\/p>\n
By registering a co-operative, you are creating a legal entity with powers and responsibilities as prescribed in the amended Co-operatives Act 6 of 2013<\/a>. Before registering a co-operative, take note of the importance of record-keeping that need to be done by a co-operative.<\/p>\n Before you decide to register a co-operative, you need to have a formation meeting to decide on a common purpose and agree to register a co-operative.\u00a0 At the formation meeting, the members have to decide on the form and type of co-operative. There must be at least five natural persons or two juristic persons or a combination of any five persons in order to form a primary co-operative.<\/p>\n Co-operatives may take the form of primary, secondary or tertiary co-operatives. The types of co-operatives include agricultural, marketing, housing, financial services, consumer, service, crafts and burial societies etcetera.<\/p>\n A primary Co-operative is formed by a minimum of five natural persons; or two juristic persons or a combination of any five persons.<\/p>\n Secondary co-operatives are formed when two or more operational primary co-operatives come together because they are involved in similar activities and want to promote their services in the sector in which they operate.<\/p>\n Tertiary co-operatives are formed by two or more operational secondary co-operatives which come together to promote the interests of their members to government bodies, the private sector and other stakeholders.<\/p>\n A National Apex is formed by three operational sectoral tertiary co-operatives that operate on a national level; and five operational multi-sectoral tertiary co-operatives that operate on a provincial, district or local level.<\/p>\n N.B<\/strong> Operational means a co-operative that has held its annual general meeting and has submitted its annual report, audited report or independent reviewed report to the registrar in its financial year.<\/p>\n Note<\/strong>: You can apply for Secondary and Tertiary co-operative online, to apply for co-operative click here<\/a><\/span><\/p>\n Click\u00a0<\/span>here<\/a>\u00a0<\/span>for the CIPC service standards. Service Standard is dependent on payment for the transaction being made.<\/p>\n<\/h3>\n
Types of co-operatives<\/h3>\n
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Primary <\/strong>Co-operative<\/strong><\/h4>\n
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Secondary <\/strong>Co-operative<\/strong><\/h4>\n
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Tertiary <\/strong>Co-operative<\/strong><\/h4>\n
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National apex Co-operative<\/strong><\/h4>\n