SMD

Annual Report 2023/2024

The variance is attributable mainly to the followings: % Seda and sefa Catch-Up Plans,

Reasons for deviations

% TREP and Business

Development Support Services rendered

and Small Business

Development Portfolio

Brand visibility through

various communication

channels such as events,

social media, webinars and radio stations.

from planned target to Actual

Deviation

Achievement 2023/2024

Overachieve ment of

10051.

**Actual

Achievement 2023/2024

Target

Achieved:

Consolidated

report on the 50

077 competitive SMMEs and

Co-operatives

Supported was approved by EXCO.

Planned Annual Target 2023/2024

Consolidated

report on the 40

000 Competitive SMMEs and

Co-operatives supported

approved by EXCO.

Audited Actual Performance 2022/2023

Target Achieved: Consolidated

report on the 28

484 competitive SMMEs and

Co-operatives supported

approved by EXCO.

Programme Three: Development Finance

Audited Actual Performance 2021/2022

Target

Achieved:

Consolidated

report on the 70

384 competitive SMMEs and

Co-operatives supported

approved by EXCO.

Outcome Output Output

Indicator

Consolidated

report on the number of

Competitive

SMMEs and

Co-operatives supported

approved by EXCO.

1.7.

Consolidated report on

supported

Competitive

SMMEs and

Co-operatives produced.

To expanded access to financial and non-financial support and implemented responsive programmes to new and existing SMMEs and Co-operatives, the Department exceeded its target of 10 000 in providing financial and non-financial support to start-ups youth businesses. The consolidated report on the implementation plan of the SMMEs and Co operatives Funding Policy was approved by EXCO. An implementation plan is to guide its operationalisation by outlining practical steps on how to implement the Policy, identifying the role players to be involved in various initiatives, managing the anticipated risks and mitigating factors, and communicating the intended outcomes of the Policy. In an effort to contribute toward the revised 2019-24 MTSF outcome to increase economic participation, ownership, access to resources, opportunities and wage equality for women, youth and PWDs, the Department implemented the TREP incentives schemes that are meant to stimulate and facilitate the development of sustainable and competitive enterprises in the township and rural areas, targeting the designated groups – women, youth and PWDs. A total of 20 509 TREP were supported financially and non-financially. Further, the Department and its entities supported 345 Co-operatives financially and/or non-financially.

The IMEDP achieved significant results when measured against the number of targeted informal and micro enterprises located in townships and rural communities. This was as a result of the review and refinement of the Standard Operating Procedures (SOP) and Guidelines that detail specific elements for the successful roll-out and delivery of the programme. A more direct outcome of the above administrative undertaking was a clearer approach to the promotion of the programme for adoption by local municipalities through their Local Economic Development offices, informal business associations and forums, as well as by other interested parties from government and from the private sector. The IMEDP is drawn from the National Informal Business Upliftment Strategy (NIBUS) of the DSBD which emphasises, among its five critical Pillars, the importance of

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Department of Small Business Development • PERFORMANCE INFORMATION • Part B