SMD

Annual Report 2023/2024

10. ENTITIES REPORTING TO THE MINISTER The two entities reporting to the Minister for Small Business Development are sefa and Seda. The agencies report through governance arrangements that give them autonomy but also enable them to align their strategies with Government policy and priorities.

Name of Entity

Legislative Mandate

Financial Relationship

Nature of Operations

Small Enterprise Development Agency (Seda)

R1 402 946

% Increased growth and sustainability of township and rural-based SMMEs and Co-operatives. % Increased localisation and market penetration by SMMEs and Co-operatives. % Integrated and coordinated ecosystem support for SMMEs and Co-operatives. % Increased growth and sustainability of SMMEs and Co-operatives. % An agile, innovative, excellent and customer centric organisation. % Enhanced access to finance by SMMEs and Cooperatives. % Enhanced service delivery and stakeholder satisfaction. % A financially sustainable organisation. % Leveraged strategic assets and capital raising. % Sound governance and a high-performance organisation.

Seda was established by the National Small Enterprise Act (1996), as amended and has the mandate to provide non-financial business development and support services for small enterprises, in partnership with other role-players in the small business development environment. sefa was established in terms of Section 3 (d) of the Industrial Development Corporation Act, 1940 (Act No. 22 of 1940) and mandated to provide access to finance to Survivalist, Micro, Small and Medium businesses throughout South Africa. sefa supports the development of sustainable SMMEs through the provision of finance.

sefa

R681 975

26

Department of Small Business Development • GENERAL INFORMATION • Part A