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PRESENTATION TO SMME FUND

PRESENTATION TO SMME FUND. Preview of the presentation. SMME FUND INTRODUCTION TO UKWAKHA WORKSTREAMS PER OPERATIONAL PLAN QUESTIONS AND COMMENTS. SMME FUND.

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PRESENTATION TO SMME FUND

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  1. PRESENTATION TO SMME FUND

  2. Preview of the presentation • SMME FUND • INTRODUCTION TO UKWAKHA • WORKSTREAMS PER OPERATIONAL PLAN • QUESTIONS AND COMMENTS

  3. SMME FUND • The KZN government has established an SMME Fund aimed at assisting historically disadvantaged individuals to start up and expand their businesses. • The conceptualization of the Fund is being driven by desire to bridge the gap between the first and second economy with a view of meeting the objectives of black economic empowerment and create job opportunities. • The key objective of the SMME Fund is to facilitate access to finance for small, medium and micro enterprises (SMME’s) as well as to facilitate access to financial support services for SMME’s particularly in the developmentally challenged areas of KwaZulu-Natal. • It is expected that if these activities are successful SMME’s can establish viable ventures, expand and create job opportunities.

  4. KZN SMME FUND

  5. INTRODUCTION TO UKWAKHA • Ukwakha Business Support Services is a privately-owned company established to provide specialized support to SMME’s thereby creating a vibrant SMME sector in KwaZulu-Natal. • Ukwakha believes that access to finance is crucial in fostering entrepreneurship, competitiveness, innovation and growth.  • The company primary activities are the facilitation of access to finance for small enterprises and providing after-care support • Ukwakhaworks in collaboration with three financial institutions appointed by government – Ithala, SBSA and ABSA

  6. INTRODUCTION TO UKWAKHA (CONT…) Mission and Objectives • Ensure that Finance is accessible to SMME’s and in rural economies; • Job creation (in order to alleviate the levels of poverty and attempt to reduce the number of unemployed graduates within KZN; • Create sustainable SMME’s in all sectors of the economy; • Provide support and capacity building for SMME’s • Create a vibrant SMME Sector • Fast-track Black-Economic Empowerment (Act as catalyst for transforming the economy of the province).

  7. INTRODUCTION TO UKWAKHA (CONT…) Consortium Members

  8. INTRODUCTION TO UKWAKHA (CONT…) Consortium Members

  9. INTRODUCTION TO UKWAKHA (CONT…) Operational Sites PROJECT OFFICE: 3rd Floor SamrtXchange Building, 5 Walnut Road Durban 4001

  10. INTRODUCTION TO UKWAKHA (CONT…) Organizational Structure

  11. WORKSTREAMS PER OPERATIONAL PLAN

  12. PROPOSALS/REQUESTS • All applications (irrespective of the state of the application) be processed via Ukwakha Project Office; • Details relating to the Lending Criteria for the three Financial Institutions; • Speedily processing of applications; • Cooperation and support

  13. Questions, Comments and Answers

  14. Thank you

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