SMD

Annual Report 2023/2024

Knowledge Management 17 606 15 945 1 661 16 686 16 248 438 Ease of Doing Business 8 614 7 339 1 275 11 022 8 786 2 236

Development Management 390 132 258 310 1 310 Business Intelligence and

Access to Market Support 124 280 104 185 20 095 92 652 91 610 1 042 Total 150 890 127 600 23 290 120 670 116 644 4 026

Expenditure Expenditure R’000 R’000 R’000 R’000 R’000 R’000

(Over)/Under

Actual

4.2.5. Linking performance with budgets Sub-programme expenditure Sub- Programme Name 2023/2024 2022/2023 Final Appropriation Actual Expenditure (Over)/Under Expenditure Final Appropriation Sector and Market

Annual expenditure for Programme Two: Sector Market Development amounted to R127.6 million (84.6%) against the final appropriation of R150.9 million, resulting in an under expenditure of R23.3 million (15.4%). Product Markets contributed R18.8 million due to tax non-compliance issues for the North West Development Corporation, as well as a partial payment to Manguzi market stalls project due to the slow progress of the project. Compensation of Employees and Goods and Services contributed R2.2 million each due to vacancies and cancelled foreign trips for the SMME exposure to international platforms respectively. The main cost drivers on expenditure for Programme Two are Transfer payments at R59 million on the Product Market instrument; Compensation of Employees at R42.9 million, Goods and Services at R22.6 million and Capital Assets at R3 million. The drivers on Goods and Services expenditure are Travel and subsistence (R6.4 million), Administrative fees (R5 million), Computer services (R3.9 million), Venues (R3.1 million), Rental and hiring (R1.7 million) and consultants (R1.5 million).

52

Department of Small Business Development • PERFORMANCE INFORMATION • Part B