Department of Small Businesses Development: Annual Performance Plan presentation

The DSBD operational model focuses on four key areas.  First, it addresses key aspects of finance, including the financial sustainability of SMMEs and cooperatives; risk cover and business rescues, which help to salvage both thriving and struggling businesses; model funding agreements that ensure optimal benefit to beneficiaries; an SMME contracting model that ensures big businesses do not take unnecessary advantage of small businesses; and SMME payment, which ensures timeous payment of benefits to small businesses and funding facilities, which was the core function of SEFA.

Secondly, enterprise development ensures the formulation of a master plan, which the Department previously lacked. It also seeks to develop economic opportunities in townships, villages and other areas. It facilitates cooperative and SMME support. Further, it supports business facilitation (incubation) and informal business.

Thirdly, the DSBD would synthesis useful information from currently and previously funded research. This enhances business communications as well as seamless access and support, which leads to a conducive environment for the growth of small businesses. The Department would ensure an updated register for both SMMEs and cooperatives to keep track of the impact of DSBD interventions.
Lastly, the DSBD seeks to ensure adequate and thriving markets for products from small businesses. This would be achieved by incorporating small businesses into market value chains and government procurement. The DSBD encourages business matching, which facilitates cooperation between big and small businesses.
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