SMD

Annual Report 2023/2024

Business Development Portfolio (DSBD, Seda and sefa) .

deviations

Reasons for

N/A In addition to

public engagement programmes that

were initiated by the Department and

its agencies, several

external invitations

were received from

strategic Government Departments

(National, Provincial

and Local) and other key stakeholders to

engage the public

on the Programmes

offered by the Small

target to Actual Achievement 2023/24

Deviation

from planned

**Actual

Achievement 2023/2024

Target Achieved:

110 DSBD and its

Agencies’ public engagement

programmes

implemented

within District

Municipalities.

Planned Annual Target 2023/24

90 DSBD and its

Agencies’ public engagement

programmes

implemented

within District

Municipalities.

Audited Actual Performance 2022/23

Target Achieved:

135 DSBD and its

Agencies’ public engagement

programmes

implemented

within District

Municipalities.

Programme One: Administration

Outcome Output Output Indicator Audited Actual Performance 2021/22

Target Achieved:

82 DSBD and its

Agencies’ public engagement

programmes

implemented in District

Municipalities.

Number of

DSBD and its

Agencies’ public engagement

programmes

implemented

within District

Municipalities.

DSBD and

its Agencies’ public

engagement

programmes

implemented

within District

Municipalities.

During the year under review, the Departmental Management (Office of the DG) sub-programme continued to provide strategic leadership, management, and support services to the entire Department of Small Business Development. The sub-programme was also entrusted in 2023/24 financial year with obtaining unqualified audit outcome on performance information. The sub-programme exceeded this target by achieving a clean audit outcome on performance information for the third consecutive financial year. The Financial Management sub-programme administers compliance with all relevant financial statutes and regulations, the most important of which is the PFMA (1999), by providing strategic leadership and advice on supply chain, financial and asset management-related services to the Department. During the year under review, the Financial Management sub-programme achieved 100% of the targets that it is responsible for in the 2023/24 APP. These comprised the processing of 11 651 invoices worth R73.4 million on an average of six days, facilitating timely access to cash flow, which is critical in sustaining enterprises and obtaining an unqualified audit opinion on the 2022/23 Annual Financial Statements. Furthermore, the Department was able to spend R2.485 billion (98.2%) of the final budget of R2.529 billion. The Department has not incurred any fruitless and wasteful expenditure for the year under review.

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Department of Small Business Development • PERFORMANCE INFORMATION • Part B