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SAMAF Medium-Term Strategic Framework 2011 - 2014

This presentation outlines the mandate, vision, mission, and values of SAMAF, as well as its key deliverables, products and services, alignment to the New Growth Path, performance targets, budget, and challenges.

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SAMAF Medium-Term Strategic Framework 2011 - 2014

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  1. samaf Medium Term Strategic Framework2011 – 2014 Presentation to the Portfolio Committee on Economic Development30 March 2011 11

  2. Contents • Mandate • Vision, Mission and Values • Key Deliverables over the Three Years • samaf Products and Services • Alignment of samaf to the New Growth Path • Performance Targets • Budget • Challenges • samaf Provincial Office Addresses 22

  3. Mandate To create work opportunities and sustainable livelihoods through the facilitation and provision of affordable access to finance by micro, small and survivalist businesses for the purpose of growing their income and asset base. samaf is also required to act as a catalyst in the development of a vibrant micro-finance industry in South Africa. 33

  4. Mandate • Effectively this means that samaf must:- • Facilitate the provision of affordable access to finance by micro and survivalist businesses; • Extend financial and non-financial services to reach deeper and broader into the rural areas, informal settlement and peri-urban settlement of South Africa; • Build a strong, effective and efficient wholesale (Apex) Fund; • Contribute to a better quality of life; and • Contribute towards a sustainable and vibrant micro financial industry in South Africa 44

  5. Vision and Mission Vision “To be a leader in developmental micro finance” • Mission • To provide developmental finance and non-financial services to Financial Intermediaries through: • Mobilization of financial intermediaries; • Wholesaling of funds; • Development of institutional capacity; • Lobbying and advocacy towards policy development; and • Development of valuable partnerships. 55

  6. Values • The following values will underscore samaf’s behaviour as it strives towards the achievement of its mandate, vision and mission: • Integrity - Dealing with stakeholders in an honest and ethical manner; • Transparency - Ensuring compliance with best practice on the dissemination and sharing of information with all stakeholders and consulting with them to ensure comprehensiveness and buy-in to samaf activities; • Professionalism - Adhere to specific defined norms and setting standards of workmanship, respect, and communication; • Accountability - Taking responsibility for the decisions and actions, including allocation of powers and duties; • High Performance - Excellent performance and satisfied customers that guarantee long term sustainability of the South African Micro-Finance Apex Fund. The relevant behaviour by staff to achieve the above values have also been developed. 66

  7. Key Deliverables over the Three Years Provision of financial support to FI’s totalling R279m for on-lending R115m for capacity & institutional building support Establishment of 122 new Financial Intermediaries (FI’s) Funding of 193 FI’s Creation of 56 000 projected new jobs Diversified microfinance products to address the needs of the Financial Intermediaries Increasing visibility and awareness of samaf’s mandate, products and services Improvements in Information Technology Improved turn around times 77

  8. samaf Products and Services Note: The above thresholds are under review to ensure relevance to the market that samaf serves 88

  9. Alignment to the New Growth Path • The performance objectives are aligned to the New Growth Path as defined by the Economic Development Department (EDD) and are as follows: • Strengthening access to micro-finance for small enterprises • Enterprise development: Promoting small business and entrepreneurship • Eliminating red tape; • Payment of small business suppliers within 30 days • Spatial development: Extension of samaf offerings to remote and rural areas by working with the Provinces and Municipalities. • Addressing key developmental goals for women empowerment and youth employment 99

  10. Performance Targets 1010

  11. Performance Targets End user borrowers 1111

  12. Performance Targets End user borrowers 1212

  13. Performance Targets 1313

  14. Performance Targets End user service loans 1414

  15. Performance Targets 1515

  16. Performance Targets Funding Support to FIs

  17. Performance Targets 1717

  18. Performance Targets 1818

  19. Performance Targets 1919

  20. Budget 2020

  21. Challenges Sustainability of Financial Intermediaries (FIs) Capacity within samaf and the FIs Provincial spatial demographics Turnaround times 21

  22. samaf Provincial Office Addresses 2222

  23. samaf Provincial and Head Office Addresses 2323

  24. Thank You 2424

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