1. National Small Business Amendment Bill
Presentation to Port Folio Committee on Trade and Industry
3 November 2004
Hlonela Lupuwana
Chief Operating Officer
Enterprise and Industry Development Division

2. National Small Business Amendment Bill Purpose
To amend the National Small Business Act so as to
repeal all provisions pertaining to Ntsika Enterprise Promotion Agency,
provide for the establishment of the Small Enterprise Development Agency,
provide for matters connected therewith.

3. National Small Business Amendment Bill Establishment of SEDA
SEDA established as a juristic person
Incorporation of Ntsika and NAMAC
Any other agency as designated by Minister

4. National Small Business Amendment Bill Objective of SEDA
To design and implement development support programmes and a service delivery network that will increase the contribution of small enterprises to the South African Economy

5. National Small Business Amendment Bill Functions of SEDA
Implement government policy for small enterprise development
Design, develop and implement small enterprise development support programmes
Access to non-financial resources
Market access
Foster partnerships
Develop service delivery network
Minister can extend services to include financial services

6. National Small Business Amendment Bill Corporate Governance
SEDA managed and controlled by a Board
Between 7 and 15 members
Appointed by Minister, with Cabinet’s approval
3 year term
CEO appointed by Minister on recommendation of the Board

7. National Small Business Amendment Bill Finances of SEDA
Funds of SEDA consists of
Money appropriated by Parliament
Grants, donations, bequests
Money lawfully obtained from other sources
CEO is accounting officer
Financial year 1st April to 31st March
Accounts and balance sheet must be audited by Auditor-General

8. National Small Business Amendment Bill Transitional arrangements
Transfer of Staff from Ntsika and NAMAC
Transfer of assets, liabilities, rights and obligations
Liquidation of Ntiska
Deregistration of NAMAC