Question NW734 to the Minister of Small Business Development
11 April 2024 - NW734
Mathulelwa, Ms B to ask the Minister of Small Business Development
What (a) total amount have all entities reporting to her disbursed to small businesses in the period 1 December 2023 to 29 February 2024 and (b) type of funding was disbursed?”
Reply:
The Department of Small Business Development has two entities reporting to it, which are Small Enterprise Finance Agency (sefa) and Small Enterprise Development Agency (Seda):
I have been advised that:
sefa disbursed approximately R413 million between December 2023 and end of February 2024. About 66% of the total disbursements emanated from the Wholesale Lending Channel activities via the Microfinance and the Credit Guarantee (see the highlight in the table below).
|
Financial Year 2024 |
FY 2023/2024 (1 Dec 2023 - 29 Feb 2024) |
|
|
Loan SubProgramme |
Disbursed Amount (R) |
% of total disbursements |
|
Direct Lending Loan Programme |
R26 071 093 |
6.31% |
|
ER - DL - Artisans Loan Programme |
R953 761 |
0.23% |
|
ER - DL - Automotive Loan Programme |
R2 566 751 |
0.62% |
|
ER - DL - BakConf Loan Programme |
R799 906 |
0.19% |
|
ER - DL - Butcheries Loan Programme |
R1 667 729 |
0.40% |
|
ER - DL - OpenAirFood Loan Programme |
R2 771 870 |
0.67% |
|
ER - DL - Personal Care Loan Programme |
R174 858 |
0.04% |
|
ER - DL - Retail Loan Programme |
R6 585 176 |
1.59% |
|
ER - DL - SEntManfct Loan Programme |
R12 536 551 |
3.03% |
|
ER - DL - TexClothLeat Loan Programme |
R1 423 065 |
0.34% |
|
EU - ESD Loan Programme |
R4 920 856 |
1.19% |
|
Funds |
R23 235 626 |
5.62% |
|
Land Reform |
R9 908 225 |
2.40% |
|
Micro-Finance |
R115 286 615 |
27.90% |
|
Portfolio Credit Guarantee |
R156 334 505 |
37.83% |
|
Purchase Order Finance Loan Programme |
R9 492 039 |
2.30% |
|
SBIF WL |
R8 977 882 |
2.17% |
|
Spaza Shop Loan Programme Facility |
R4 763 500 |
1.15% |
|
Supplier Credit Guarantee |
R22 360 398 |
5.41% |
|
Youth Challenge Fund Loan Programme |
R2 407 892 |
0.58% |
|
Total |
R413 238 299 |
100.00% |
Furthermore, the total amount Seda has spent on Enterprise Development fund for the period 1 December 2023 to 29 February 2024 is R10,406,609.85. Other client related expenses include seminars and workshops to the value of R1,637,743.66 and Programme or project related expenses amounting to R8,039,136.91. Programme or project related expenses include but not limited to International Market Access, projects for focused groups such as women, the disabled and youth, and projects in collaboration with MerSeta, Wholesale and Retail Seta and the National Skills Fund.
Seda has also realised that there are still several areas where entrepreneurs and SMMEs need to travel far to access Seda services especially rural areas. Seda has therefore established 80 service access points and has disbursed R2,791,851.73 for the period 1 December 2023 to 29 February 2024.