SMD

Annual Report 2023/2024

Reasons for deviations

Delays in finalization of MOAs, that lead to first payment

tranches being made late in Quarter Two.

Two entities (TIKZN and FDC) only claimed first tranches

moreover FDC encountered

compliance challenges from the 3rd to the last quarter. The Department initiated

catch up plans which also

did not materialised due to

the limited time that entities

were left with to implement in Quarter 4.

The variance is attributable to

a high volume of applications for start-up youth business received and processed

during the financial year.

Due to high demand for

IMEDP and responsiveness of the DSBD.

from planned target to Actual

Deviation

Achievement 2023/2024

Underachieve

ment by 496.

Overachieve

ment of 8 843.

Overachieve

ment of 712.

**Actual

Achievement 2023/2024

Target Not

Achieved:

596 Crafters

supported

through the

Craft Customised Sector

Programme.

Target

Achieved:

18 843 start-ups

youth businesses

were supported

financially and

non-financially. Target

Achieved:

2 045 of informal business supported

through IMEDP.

Planned Annual Target 2023/2024

1000 crafters supported

through the

Craft Customised Sector Support Programme.

10 000 start-up

youth businesses supported

financially and/or non-financially.

N/A N/A 1 333 Number of

informal business

supported through IMEDP.

Audited Actual Performance 2022/2023

Target Not

Achieved:

659 crafters

supported

through the Craft

Customised Sector Programme.

Target Not

Achieved:

8 988 start- up

youth businesses supported

financially and/or non- financially.

Programme Three: Development Finance

Audited Actual Performance 2021/2022

Target

achieved:

953 Crafters

supported through

the Craft

Customised Sector

Programme.

Target

achieved:

13 369 start up youth

businesses

supported

financially and

non-financially.

Outcome Output Output

Indicator

Number

of Crafters

supported through

the Craft

Customised

Sector Support Programme.

Number of

start-up youth businesses

supported

financially and/ or

non-financially.

Number

of informal

business

supported

through IMEDP.

1.4. SMMEs and Co

operatives

in the craft sector

supported through

the Craft

Customised

Sector Support Programme.

1.5. Start

up youth

businesses

supported

financially

and/or non

financially.

1.6. Informal

and Micro

Enterprises

supported

through the

Informal and

Micro Enterprise Development Programme (IMEDP).

Part B • PERFORMANCE INFORMATION • Department of Small Business Development

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