SMD

Annual Report 2023/2024

Exemptions and deviations received from the National Treasury There were no exemptions approved during the 2023/24 financial year.

Supply Chain deviations approved and concluded for the financial year 2023/24 in line with Instruction Note 3 of 2021/22 amounted to R9.225 million.

Events after the reporting date Not applicable.

Other Not applicable.

5.4. Acknowledgement/s or Appreciation I wish to thank the staff of the DSBD who have all contributed to the work done during the period under review despite the many challenges it presented. The 93 percent achievement recorded for 2023/24 financial year is testament to the dedication of the employees. Significant impact has been made as substantial support was provided to the SMMEs and Co-operatives. I would also like to thank Minister Stella Ndabeni-Abrahams and the Deputy Minister Jane Sithole for their leadership during 2023/24 financial year. I also wish to thank the former Deputy Minister Dipuo Peters who contributed in leading the Department during the 2023/24 financial year. Key to driving our mandate are the agencies of the Department, Seda and sefa . I wish to extend my sincere appreciation for the contribution made by the CEO of sefa , Mr Mxolisi Matshamba and Seda acting CEO, Mr Nkosikhona Mbatha who both vacated these CEO positions shortly after the closure of the 2023/24 financial year. I also wish to acknowledge the support and contributions of all our key stakeholders: Co-operative Banks Development Agency, Provincial Departments of Economic Development; the Portfolio Committee on Small Business Development; the Select Committee on Trade and Industry, Labour and Employment, Tourism and Small Business Development; and the broader SMMEs and Co-operatives Sectors – your efforts have helped the Department immensely in executing its mandate during the 2023/24 financial year.

Ms Thulisile Manzini Acting Director-General Department of Small Business Development Date: 29 September 2024

Part A • GENERAL INFORMATION • Department of Small Business Development

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