Department of Small Business Development. Presentation to the Portfolio Committee on Small Business Development 02 July 2014. Mandate.
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Department of Small Business Development Presentation to the Portfolio Committee on Small Business Development 02 July 2014
Mandate • The department will focus on enhanced support to Small Business and Cooperatives development with an emphasis on programmes to advance entrepreneurship amongst women and youth to effectively contribute to job creation and economic growth. Support mechanisms will include access to finance, business skills development, market access, competitiveness, easing regulatory environment, advancing localisation, leveraging on public procurement.
Legislative environment Primary legislation • Small business Developmnent Act 1980 • National Small Business Act 1996, amended 2004 • Companies Act, 2010 • Cooperatives Act , 2013 • Industrial Development Coorporation Act 1940 Supplementary legislation & other policy measures • BBBEE Act • National Empowerment Act, • Preferential Procurement Policy Framework Act • Youth strategy • Women empowerment strategy • Coops strategy • Innovation and technologyStrategy
Primary mission To enhance the support of small and informal businesses development as well as cooperatives through entrepreneurship & commercialisation, business incubation & franchising, localisation, technology transfer & innovation. To foster financial inclusion as well as create market access for small business
Secondary mission Through enhanced coordination and transversal agreements, advance localisation leveraging on public procurement while ensuring measurable accountability of State institutions in support of small business.
SBD business streams • Research, policy, monitoring, evaluation, & intergovernmental relations • Innovation, intellectual property and indigenous knowledge • Incubation & technology programme • Customised interventions/ programmes • Enterprise Development • Cooperatives Development • Incentive programmes • Impact assessment
Support functions • Corporate services • Administration • Finance • IT • HR • Legal • Communication & Marketing
Key milestones • Migration of functions • Consolidation of policy measures • Develop transversal agreements • Establishment of financial institutions
Allocated Budget • Transferred from the dti: • BPD 2014/15: R1billion • Incentives • Administration • Transferred from EDD • SEFA 2014/5: R
Challenges • Timelines and dependencies including the proclamation processes • Process in line with Budget Vote • Transversal Agreements