Parliament, Wednesday, 11 March 2019 – The Portfolio Committee on Small Business Development has welcomed presentations on the 2019/20 third-quarter performance as well as collaboration report from the Small Enterprise Finance Agency (Sefa) and the Small Enterprise Development Agency (Seda).
Sefa exceeded targets on some of the areas of performance in the quarter under review and the committee welcomed this as a move in the right direction. The committee encouraged Sefa to develop a strategy to improve performance in those areas in which they are behind.
Seda, on the other hand, recorded a 84% performance rate in the quarter under review, in which 26 targets were achieved out of 31. It made an undertaking that underachieved targets will be achieved in the last quarter of the year, which comes to an end on 31 March 2020.
The committee has encouraged the two agencies to improve communication in order to improve visibility in remote areas. “Most people who live in rural villages, especially those living with disability, youth and women lack the information on how to access Sefa and Seda for help in the formation of businesses,” said Ms Violet Siwela, Chairperson of the committee.
Lastly, the committee welcomed collaboration between Sefa and Seda, saying that the initiative will provide seamless and holistic value-add and excellent client experience. The collaboration is governed by a memorandum of understanding signed between Sefa and Sefa.
ISSUED BY PARLIAMENTARY COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF THE PORTFOLIO COMMITTEE ON SMALL BUSINESS DEVELOPMENT, MS VIOLET SIWELA
For media enquiries or interviews with the Chairperson, please contact media officer:
Name: Mr Justice Molafo
Tel: 021 403 8444
Cell: 081 424 7481
Email: jmolafo@parliament.gov.za
Arrange a tour