SMD

Annual Report 2023/2024

deviations

Reasons for

N/A N/A

Deviation

target to Actual Achievement 2023/2024

from planned

**Actual

Achievement 2023/2024

Target Achieved:

Two (2) Reports on the SMMEs who

participated in the

SMME incubation programme

and digital Hub programme

approved by EXCO.

Planned Annual Target 2023/2024

N/A N/A Two (2) Reports

on the SMMEs

who participated in the SMME incubation

programme

and digital Hub programme

approved by EXCO.

Audited Actual Performance 2022/2023

Programme Four: Enterprise Development

Audited Actual Performance 2021/2022

Outcome Output Output

Indicator

Number of

Reports on the SMMEs who

participated

in the SMME

incubation

programme

and digital Hub programme

approved by EXCO.

4.4 Reports on

the SMMEs who participated

in the SMME

incubation

programme

and digital Hub programme approved.

The revised 2019-24 Medium Term Strategic Framework (MTSF) and the Economic Reconstruction and Recovery Plan priorities ascribe plans to creating a conducive environment that enables national priority sectors to support industrialisation and localisation, which will lead to increases in export, employment and Women, Youth and PWDs-owned SMMEs participation. To amplify the efforts on reducing regulatory burdens on small enterprises, the Department assisted 55 municipalities, against a 2023/24 annual target of 30 municipalities, to roll out the Red-Tape Reduction Awareness Programme. The Red-Tape Reduction Programme is aimed at assisting with improving the business-enabling environment by improving overall ranking within the top 50 countries by 2024 and achieving a top 50 ranking on indicators such as starting a business, trading across borders, and registering property. To that effect, a Regulatory Reform Implementation Plan was submitted to Minister, during the financial year under review, for approval. To facilitate the scaled-up and coordinated support for SMMEs, Co-operatives, Village and Township Economies, the Department approved four National Integrated Small Enterprise Development Strategic Framework Implementation reports, Sector-focused and Hybrid Incubation and Digital Hub Support Strategy, Township Economy Revitalisation Policy implementation plan, as well as tworeports on the SMMEs who participated in the SMME Incubation Programme and Digital Hub Programme.

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Department of Small Business Development • PERFORMANCE INFORMATION • Part B