1. The Gazelles programme approved 200 enterprises to be supported. Out of this number 40 of the enterprises were selected as the premier enterprise to be put under the acceleration strategies and the remaining 160 enterprises are integrated into the Small Enterprise Development Agency (seda) network support system.
TOP 40
(a) Progress from the National Gazelles Programme
(b) Drop-out rate from the programme
(i) No business failure to date. One company was sold during the reporting period.
60 GROUP
(a) Progress from the National Gazelles Programme
A survey was conducted on the 160 group and the results are as follows:
It should be noted that it is difficult to measure the effectiveness of high growth programmes over a short period of time. The experience from both the Organisation for Economic Co-operation and Development (OECD) and Developing Countries, shows that these programmes are measured over a 3 -5 year period. The first Gazelles Grants were paid in December 2016 and the impact of these grants hasn’t been felt yet by the entities.
(b) Drop-out rate from the programme
(i) No business failure to date.
2. The names and business profiles of the Top 40 and the 160 Group are attached as Annexure A and B respectively.