Chairperson, I think hon Njikelana is quite right that, despite the provision of guarantees, this has not leveraged from banks the desirable amount of lending to small businesses, particularly small businesses among historically disadvantaged people. For that reason, while we are not abandoning the guarantee programme, we are actually launching Khula as a direct retail operation. So, it is going to move from being a wholesaler working through other intermediaries to providing direct services to customers. By the end of this year or early next year, the first phases of the roll-out of the Khula Direct launch should be completed.
At the same time, and in the context of a number of initiatives, including the continued discussions around the Financial Sector Charter, we are trying to press the commercial banks to increase their lending to small enterprises. It is however the category of between R50 000 and R500 000 that is a particularly hard nut to crack, but that is precisely the area where there are real opportunities for sustainable livelihoods to be created. That is why we are going to have to enhance the role of Khula. Thank you.