SEFA, which is the new agency for small business funding: . Consolidate the work and operations of the three merged groupings into an effective small business funding machine; . Improve the level of funding available; . Measure the impact on SMMEs and cooperatives; . Strengthen the capacity in rural areas and poorer provinces; . Consolidate the work with other agencies and departments as well as provinces and local government; and . Promote training and communication projects to support small business: e.g. partnership with South African Institute for Chartered Accountants (SAICA), launched on 18 July 2012.