Question NW4042 to the Minister of Small Business Development
04 December 2015 - NW4042
Chance, Mr R to ask the Minister of Small Business Development
(a) What is the accumulated cost of the Co-operative Incentive Scheme to the State since the specified scheme’s (i) introduction by the Department of Trade and Industry and (ii) transfer to her department and (b) how many (i) co-operatives have been funded, (ii) of these funded co-operatives are still operative and (iii) jobs have been created in each case? NW4910E
Reply:
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?
- Not all the funded projects have been visited after implementation of the interventions. Post investment support done on a sampling basis.
(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 .