SMD

Annual Report 2023/2024

Appropriation Expenditure Expenditure R’000 R’000 R’000 R’000 R’000 R’000 Expenditure Appropriation Expenditure Enterprise Development Management 1 994 1 833 161 533 288 245 SMME Competitiveness 24 183 19 268 4 915 47 489 45 519 1 970 Total 1 446 842 1 438 640 8 202 976 059 972 371 3 688 Annual expenditure for Programme Four: Enterprise Development amounted to R1.439 billion (99.4%) against the final appropriation of R1.447 billion, resulting in an under expenditure of R8.2 million (0.6%). Compensation of Employees contributed R7.9 million to the under expenditure due to vacancies. The main cost drivers for expenditure in the Programme are Transfers and Subsidies at R1.403 billion, Compensation of Employees at R25.3 million, as well as Goods and Services (R9.4 million). The drivers of expenditure in Goods and Services are travel and subsistence (R4.4 million) and consultants (R3.1 million). 4.4.6. Strategy to overcome areas of under performance Not applicable to the Enterprise Development Programme. 4.4.7. Performance in relation to Standardised Outputs and Output Indicators for Sectors with Concurrent Functions Not applicable to the DSBD. Enterprise and Supplier Development 1 420 665 1 417 540 3 125 928 037 926 565 1 472

(Over)/Under

Actual

2023/2024 2022/2023 Final

(Over)/Under

Actual

Final

Name

4.4.5. Linking performance with budgets Sub-programme expenditure Sub- Programme

Part B • PERFORMANCE INFORMATION • Department of Small Business Development

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