Parliament, Wednesday, 18 June 2025 – The Portfolio Committee on Small Business Development has welcomed presentations on the 2025-2030 strategic and 2025/26 annual performance plans of the Department of Small Business Development and the Small Enterprise Development Finance Agency (SEDFA).
The presentations tabled three strategic objectives to be achieved by both the department and SEDFA by 2030, namely the creation of 3.8 million jobs, 3 trillion in investment in medium, small and micro enterprises and contribution to 3% GDP growth.
However, the committee raised concern about the department’s incubators and intermediaries in the service value-chain to the medium, small and micro enterprises sector, saying that the department needs to monitor them closely and implement consequence management where there are failures.
The committee Chairperson, Ms Masefako Dikgale, said: “Our position on incubators and intermediaries was informed by unfavorable feedback that we received from beneficiaries on the ground during committee’s oversight visits to the Northern Cape and Limpopo.”
The department and SEDFA’s strategic plans are anchored in the 2024-2029 Medium-Term Development Plan of the seventh administration, which outlines three strategic priorities, namely driving inclusive growth and job creation; reducing poverty and tackling the high cost of living; and building a capable, ethical and developmental state.
Accordingly, both of them will be contributing directly to strategic priority one, to lift economic growth to above 3% and reduce unemployment to below 28% by 2030.
The committee will meet to deliberate on the department’s proposed budget for the 2025/26 financial year, which is spread across four programmes.
The names of the programmes are Administration, with a proposed budget of R199.9 million; Sector Policy and Research, with a proposed budget of R81.9 million; Integrated Co-operatives and Micro-Enterprise Development, with a proposed budget of R489.2 million; and Enterprise Development, Innovation and Entrepreneurship, with a proposed budget of R2.147 billion.
ISSUED BY THE PARLIAMENT COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF THE PORTFOLIO COMMITTEE ON SMALL BUSINESS DEVELOPMENT, MS MASEFAKO DIKGALE.
For media inquiries, please contact the committee’s Media Officer:
Name: Justice Molafo (Mr)
Parliamentary Communication Services
Cell: 081 424 7481
Email: jmolafo@parliament.gov.za
Arrange a tour