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Corporate Profile
Established April 2012 (merged entity)
Corporate Type State-owned Company registered in terms of the Companies Act
Shareholding 100% owned by IDC
Reporting Economic Development Department
Funding Government & IDC
Objective Development of sustainable Small Medium and Micro Enterprises and Co-operative Enterprises
Activities Provision of finance
Geographic mandate South Africa
Finance Provided funding of R1bn to SMMEs in FY2014
Governance Follows normal company policy and procedures
Values Kuyasheshwa!; Passion for development; Integrity; Transparency; Innovation
Strategic & Operational Principles
Focus of SMMEs
Market Failure
Catalytic or unlocking latent potential
Transformative
Partnership
Portfolio of Products
DIRECT LENDING
• Working Capital Facilities
• Asset Finance
• Term Loans
• Revolving Loans
• Bridging Loans
• Short-term Trade Finance
SECTOR-SPECIFIC FINANCING PRODUCTS
• Land Reform -Land Reform Empowerment Facility for emerging black farmers.
• Tourism: iKweziTourism Facility (sefa /Tourism Enterprise Partnership (TEP))
• Sugar Farming: sefa/ Hulett Sugar (THS) Facility
• Mining: sefa Anglo-American Mining Fund
CREDIT GUARANTEE SCHEME
• Designed to indemnify commercial banks and suppliers who extend credit to SMME.
• Supplier Credit Guarantee programme is in its pilot phase.
• funding from R50k up to R5 m million
MICRO-FINANCE
• sefa has partnered with 13 MFIs nationally
• small scale finance –between R500 and R50k
CO-OPERATIVE FINANCIAL
INSTITUTIONS (CFIs)
• sefa has partnered with 10 CFIs in across the country
• facilities from R500 up to R50k
Funding requirements …
• are owned by South African citizens and permanent residents
• are legally registered fixed physical address
• are within the required contractual capacity
• operate in South Africa
• have a written proposal or business plan that meets the requirements of sefa’s loan application criteria
• demonstrate the character and ability to repay the loan
• have provided personal and/or credit references (if available)
• have the majority shareholder as the owner manager of the business
• where available, can provide relevant securities/ collateral
• have a valid tax clearance certificate
Funding exclusions
• Manufacturing and selling of ammunition
• Tobacco, liquor, gambling and sex trade
• Political organisations
• Persons under debt review
• Un-rehabilitated insolvent shareholders and/or directors of applying entities
• Primary agriculture (except cash crops and the applicant should have an off take agreement)
• Speculative property development
Job facilitated & SMMEs funded
19853
28362
46402 4640749101
51926
0
10000
20000
30000
40000
50000
60000
Jobs Facilitated SMMEs Funded
2012/13 2013/14 2014/15 (Dec)
Support to Target Groups
R216 m
R429 mR416m
2012/13 2013/14 2014/15 (Dec)
Businesses funded in Rural / Priority Areas
R82 m
R157 m
R207m
2012/13 2013/14 2014/15 (Dec)
Youth-owned Businesses funded
R390 m
R599 mR636m
2012/13 2013/14 2014/15 (Dec)
Black owned businesses funded
R199m
R362m R328m
2012/13 2013/14 2014/15 (Dec)
Women-owned businesses funded
sefa Provincial Support to SMMEs (Dec’ 14)
Province SMME's Disbursed Amount
Eastern Cape 7239 R 73 676 729Free State 366 R 97 910 847Gauteng 273 R 210 132 316Kwazulu Natal 557 R 84 774 704Limpopo 19798 R 111 036 827Mpumalanga 14063 R 72 329 613Northern Cape 19 R 6 390 976Northwest 9409 R 54 697 003Western Cape 202 R 179 596 929Total 51926 R 890 545 943
Success Stories
• SinMon trading is a construction company based in Durban,KwaZulu Natal. The business is 100% women owned by MrsNokulunga Mkhize. In 2014 Mrs Mkhize approached sefa forfunding for her start- up business in order to commence with theproject of constructing low cost houses that her business hadbeen awarded. The business received funding of R4,545,100.00from sefa in 2014. Through this project the business has farcreated 40 job opportunities.
• Sasapi was funded for R2,068,400 for expansion of itsmanufacturing plant. The business manufactures shoes for FuturaShoes or as they are known Bata Toughees. They are based inHammarsdale. The business created 120 jobs.
• Abaphumeleli, a construction company, was funded for R4,8million for construction of low cost houses in Newcastle. Thisbusiness created 100 jobs.
Success Stories (Contd….)
• Heidi Barkhuizen, which is a sweets/nuts supplier to retailers, wasfunded for R476, 473. The company is based in Stanger. 28 jobswere created.
• RRK Trading was funded to start up a “Build It” at Umkomaas, South Coast. The business was funded for R2 million. 14 jobs were created.
sefa Contact Details
• sefa National Call Centre : 012 748 9600
• KZN Regional Office :031 368 3485
• E-mail: [email protected]
• www.sefa.org.za
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