The Accumulated cost of the Co-Operative Incentive Scheme to the State are as follows:
(i) Since introduction by the Department of Trade and Industry:
Refer to Table 1 below. This depicts thedti CIS program data:
CO-OPERATIVE INCENTIVE SCHEME |
|||||
Department |
YEAR |
NUMBER OF APPLICATIONS APPROVED |
VALUE OF APPLICATIONS APPROVED |
ESTIMATED NO OF JOB CREATED |
VALUE OF DISBURSEMENT |
Trade and Industry |
2008-9 |
93 |
R 14 634 075 |
744 |
R 9 330 000 |
Trade and Industry |
2009-10 |
224 |
R 47 345 447 |
1792 |
R 34 523 371 |
Trade and Industry |
2010-11 |
235 |
R 55 228 903 |
1880 |
R 44 170 626 |
Trade and Industry |
2011-12 |
182 |
R 47 824 520 |
1456 |
R 52 555 674 |
Trade and Industry |
2012-13 |
314 |
R 85 323 599 |
2512 |
R 64 979 000 |
Trade and Industry |
2013-14 |
243 |
R 62 331 729 |
1944 |
R 75 479 830 |
Total A |
1291 |
R 312 688 273 |
10328 |
R 281 038 501 |
Total Costs = R 281 038 501
(ii) Since its transfer to the department and (b) how many (i) co-operatives have been funded,
Refer to Table 2 below. The table depicts DSBD CIS program data
CO-OPERATIVE INCENTIVE SCHEME |
||||||
Department |
YEAR |
NUMBER OF APPLICATIONS APPROVED |
VALUE OF APPLICATIONS APPROVED |
Estimated No of Job Created |
VALUE OF DISBURSEMENT |
|
Small Business Development |
2014-15 |
207 |
R 56 103 695 |
1656 |
R 64 965 564 |
|
Small Business Development |
2015-16 YTD |
104 |
R 31 878 000 |
832 |
R 16 576 000 |
|
Total B |
311 |
R 87 981 695 |
2488 |
R 81 541 564 |
||
Grand Total |
Total A + B |
1602 |
R 400 669 968 |
12 816 |
R 362 580 065 |
(ii) How many of these funded co-operatives are still operative?
(iii) How many jobs have been created in each case?
The total estimate number of jobs created is illustrated in both table 1 & 2 above, The grand total is 12 816 .