SMD

Annual Report 2023/2024

resulting in a lower projection of the revenue estimate for the 2023/24 financial year. Funding performance through the debt market has also been poorer than anticipated over the past few months. The Department had to adapt to these Cost Containment Measures. This has resulted in unprecedented challenges for the Department in implementing the organisational structure due to cost containment measures and sustained high workloads throughout 2023/24 financial year. This was further necessitated by the special adjustment budget, which reduced the budget of the Department and led to reprioritisation of funds and re-tabling of the 2023/24APP. The Department of Planning, Monitoring and Evaluation (DPME) also assessed the alignment of the Priorities Ministers’Performance Agreements with the tabled 2023/24 APPs. The assessment indicated the extent of alignment between the tabled 2023/24 APPs and the Ministers’ Priorities that were finalised between the Ministers and the President following the tabling of the 2023/24 APPs. The Departments, including the DSBD, were required to ensure that the APPs include all the indicators in the Ministers’ Priorities so that they can be implemented, monitored, and reported on. This led to revision and re-tabling of the DSBD 2023/24 APP. The affected targets included the SMMEs and Co-operatives exposed to global market opportunities, which was reduced from 250 to 200, and the Township and Rural Enterprises supported financially and/or non-financially was reduced from 30 000 to 20 000. During the year under review, the Department together with its entities continued to support township and rural-based SMMEs and Co-operatives. The Township and Rural Entrepreneurship Programme (TREP), which is a dedicated programme aimed at providing financial and/or non-financial support to the township and rural enterprises with emphasis on enterprises owned and managed by the designated groups (Women, Youth and PWDs), is implemented through sefa and Seda, who provide financial and non-financial support, respectively. 2.2. Service Delivery Improvement Plan The Department has completed an Service Delivery Improvement Plan (SDIP). The tables below highlight the service delivery plan and the achievements up to the end of 2023/24 financial year.

Main services and standards Main services

Beneficiaries

Current/actual standard of service

Desired standard of service Financial support to all township and rural enterprises structured at a maximum value of R1 000 000, offered in the form of a blended finance with 50% of the total approved amount being a grant i.e, maximum grant amount of R100 000.

Actual achievement

During 2023/24 Financial Year the Department (through its agencies) has supported 20 509 SMMEs and Co operatives through the TREP programme.

Financial support to township and rural enterprises with a

Stakeholders: The general public, Small businesses, cooperatives,

Township and Rural Enterprises supported financially and/or non financially.

threshold – ranging from R2 000 to R350 000 (with maximum grant of R50

informal businesses, Seda, sefa , as well as staff of the DSBD.

000 for the R350 000 financial packages).

During the period under review 50 077 Competitive SMMEs and Co-operatives were supported.

Facilitate 35 000 competitive small

Facilitate 25 000 competitive small

Competitive Small Businesses with a special focus on township and rural enterprises supported.

businesses with a focus on township and rural enterprises.

businesses with a special focus on township and rural enterprises.

Part B • PERFORMANCE INFORMATION • Department of Small Business Development

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