1 / 16

Khula Strategic Plan for 2008/09

Khula's strategic plan outlines objectives, key initiatives, financial budgets, and a focus on expanding outreach and impact for SME development. Highlights include product range diversification and geographic expansion.

harriette
Download Presentation

Khula Strategic Plan for 2008/09

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Khula Strategic Plan for 2008/09 Portfolio Committee on Trade and Industry 5 March 2008 Xola Sithole – Chief Executive Officer Zukile Nomafu – Chief Operating Officer

  2. Presentation Outline • Introduction • Highlights 2007/08 • Strategic Objectives 2008/09 • Key Initiatives • Corporate Balanced Scorecard • Financial Budgets 2008/09 • Conclusion

  3. Introduction • The 2007/08 period has been both challenging and exciting • Economic prospects have dimmed slightly, presenting challenges to SMEs • Our focus was on sustaining growth within acceptable risk parameters • Focus in 2008/09 will be on expanding geographic footprint and marketing/communication activities

  4. Highlights 2007/08 • Diversified product range, including the launch of a reverse factoring product for SMEs • Network of 13 partnerships, offering at least 25 different financing products to SMEs • Geographic footprint now comprises national network of over 200 branches of intermediaries • Loan book has increased from R383m in 2003 to R598m in 2007 • Operating income increased from R32m in 2003 to R103m in 2007 • Recently launched new corporate identity

  5. Strategic Objectives 2008/09 • Objective #1 : To grow Khula’s outreach and impact thus fulfilling our mandate as the flagship development finance institution for small business • Objective #2: To increase awareness of Khula and its products within its target market and achieve high customer satisfaction levels

  6. Strategic Objectives 2008/09 • Objective #3: To build an effective institution that achieves its SME development mandate in a financially sustainable manner • Objective #4 : To invest in the development of our employees to create and retain high performance teams • Objective #5 : To establish effective and efficient processes to support operational activities and manage risk

  7. Key Initiatives 2008/09 • KhulaDirect • Restructuring Regional Offices • Awareness Campaign • Recapitalisation Proposal

  8. Balanced Scorecard (1/5)

  9. Balanced Scorecard (2/5)

  10. Balanced Scorecard (3/5)

  11. Balanced Scorecard (4/5)

  12. Balanced Scorecard (5/5)

  13. Budgets Highlights • Budgeting profit before tax of R25 million • Income from core operations expected to grow by 39% • Projecting an operating profit vs operating losses in past years • Operating cost to operating income ratio drops from 103% to 89% • Business loans to intermediaries to grow by 45% • Bad debt ratio at 11% - consistent with increase in loan book

  14. Concluding Remarks • Economic prospects present challenge to SMEs • Khula has substantially grown outreach and impact • Focus in 2008/09 is on growing geographic footprint further and increasing awareness • Key initiatives to be undertaken include finalising KhulaDirect and restructuring of regional offices • Budget structured to support growth objectives and strategic initiatives

  15. Thank You

More Related