I have been advised that:
a) In a quest to cultivate an enterprising culture amongst the youth, the Department of Small Business Development (DSBD) has designed support measures for youth-owned businesses. This presents much greater opportunities for isolated and marginalised youth into the economic mainstream in respect of which targeted measures are necessary for accelerating the promotion of youth businesses and self-employment. It is ...
I have been advised that:
The Department of Small Business Development engaged the National Treasury in March 2023 for funding to assist SMMEs to deal with the effects of load shedding under a programme called “Energy Relief”, also known as “the Power Purchase”, and the request was not approved by the National Treasury.
I have been advised that:
The Department of Small Business Development (DSBD) has not assessed the sectoral needs of the small business development segment of the economy. However, there has been work around the challenges faced by SMMEs and Co-operatives. These challenges relate to excess red tape, access to finance, access to markets, a lack of inclusion of SMMEs in the value chains of ...
Yes the Department of Small Business Development (DSBD) purchased new vehicles during the Minister’s appointment to office. To note however, when the Minister was appointed in the department there was a procurement process already underway for one (1) vehicle for the previous Minister was later transferred to the Department of Communications and Digital Technologies.
Therefore, in total Eight (8) vehicles were purchased since the ...
I have been advised that:
a) In Encouraging entrepreneurship in township and villages:
The Department of Small Business Development (DSBD) has in place the Township and Rural Entrepreneurship Programme (TREP) which aims to assist informal, micro and small enterprises grow their businesses. The financial package is structured at a maximum value of R1 000 000 that consist of:
I have been advised that:
(a) The total amount spent on the Minister and her Deputy Minister’s travel costs in the 2022-23 financial year is R2 615 876.16
(b) The number of trips the Minister and her Deputy Minister undertook in the specified financial year: 198 domestic trips and 12 international trips
(c) The amount spent by her department on:
(i) Hotel: R474 660.68
(ii) Residential: R0.00 ...
I have been advised that:
a) The Department of Small Business Development (DSBD) through the Small Enterprise Finance Agency (sefa) provided support to small businesses during the Covid-19 pandemic. sefa contributed towards the Covid-19 emergency fund (relief programme) which was aimed at providing relief to small businesses during the pandemic. Through the fund, sefa disbursed R316 million to 1 144 small businesses. ...
In 1994, the new government inherited a highly unequal and concentrated economy, with very low levels of entrepreneurship, little to no black economic ownership, and an extremely weak and fragmented SMME support eco-system.
This made South Africa an outlier. SMMEs play a major role as a driver of growth and employment in both developed and developing economies.
To realise the growth and jobs potential ...
I have been advised that:
a) The Department of Small Business Development (DSBD) does not have an instrument to quantify the number of established businesses in a given time. The Companies and Intellectual Property Commission (CIPC) either has to do the analysis of differentiating the registered businesses according to the size class. However, the DSBD agency, Seda, through the Bureau of Economic Research in ...
I have been advised that:
The Department of Small Business Development (DSBD) is planning to implement the SMMEs and Co-operatives Funding Policy in the 2024/25 financial year with a view to resolve the problems of red tape around access to funding by small-scale and informal businesses. The following are proposed interventions: