National Integrated Small Enterprise Development (NISED) Masterplan
Call for comments opened 10 May 2022 Share this page:Submissions are now closed (since 10 June 2022)
Small Business Development
The Minister of Small Business Development published the draft National Integrated Small Enterprise Development (NISED) Masterplan for comment.
Comments must be sent to [email protected] by no later than Friday, 10 June 2022
Enquiries can be directed to Ms Thandeka Nxumalo on [email protected] or Mr Sapho Raganya at [email protected]
The initial Integrated Strategy for Entrepreneurship and Small Enterprises was adopted in 2005.
The strategy and the subsequent NISED give effect to the 1995 White Paper on the National Strategy for the Development and Promotion of Small Business in South Africa.
Cabinet said once adopted, NISED will replace the current Integrated Strategy for Entrepreneurship and Small Enterprises.
“It will provide a coordination framework for all key ecosystem role players in small enterprise development. It guides the coordinating mechanism that will guide all programmes that support small enterprises.
“This strategy seeks to increase the participation of small enterprises in the formal economy, eliminate red tape and promote the ease of doing business, particularly for small entrepreneurs,” Cabinet said in a statement.
The NISED is a product of a wide consultation with the relevant departments in the national, provincial and local spheres of government, business, labour, academics and various relevant institutions.
Meanwhile, Cabinet has also approved the 20-month extension period for the merging of the two entities -- the Small Enterprise Finance Agency (SEFA) and Cooperative Banks Development Agency (CBDA) -- into the Small Enterprise Development Agency (SEDA).
The merger was initially set to be effective from 1 April 2022. This follows Cabinet approval for the merger to ensure government provides a single entity that will support its work in supporting small to medium enterprises and cooperatives.
Cabinet said the approved extension will enable the Department of Small Business Development to finalise the legislative review to provide a proper legislated and policy environment that allows the formation of the single entity – SEDA.
“A single and well-resourced entity will provide a more streamlined support to small to medium enterprises and cooperatives. Cabinet also approved the appointment of the interim Boards of Directors for the SEFA and SEDA,” Cabinet said.
source: https://www.sanews.gov.za/south-africa/cabinet-approves-draft-small-enterprise-development-masterplan