Transcript Ukwakha Consortium

PRESENTATION TO SMME
FUND
Preview of the presentation
• SMME FUND
• INTRODUCTION TO UKWAKHA
• WORKSTREAMS PER OPERATIONAL
PLAN
• QUESTIONS AND COMMENTS
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.
•
KZN SMME FUND
TREASURY
ABSA
R25m / R25m (R50m)
R10 000 – R1m
No Deposit
ITHALA
R115m
R10 000 –R15m
No Deposit
UKWAKHA
STANDARD BANK
R30m
R100 000 – R3m
Min. of 2.5% Deposit
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
•
Ukwakha works in collaboration with three financial institutions appointed by
government – Ithala, SBSA and ABSA
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).
INTRODUCTION TO UKWAKHA (CONT…)
Consortium Members
Blaque Inc Services
Sipho Mkhize
Mnganga & Associates
Busisiwe
Mnganga
MANTšA-TLALA EDUC.
DEVELOPMENT TRAINING
AND FACILITATION
(MTEDTF)CC
Sibongile
Nhlangulela
INTRODUCTION TO UKWAKHA (CONT…)
Consortium Members
Thabani Zulu &
Company
P
B
S
Powerful Business Solutions
Thabani Zulu
Powerful Business
Solutions
Andile Buthelezi
Mzimela & Company
Zenzele Mzimela
LRAN Consulting CC
Linda Buthelezi
INTRODUCTION TO UKWAKHA (CONT…)
Operational Sites
PROJECT OFFICE:
3rd Floor SamrtXchange Building, 5 Walnut
Road Durban 4001
No
District Name
No
001 Amajuba ( Newcastle)
07
Ilembe ( Stanger)
002 Zululand ( Vryheid)
08
Mgungundlovu (PMB)
003 Mkhanyakude (Jozini)
09
Ethekwini ( Durban)
004 Mzinyathi (Dundee)
10
Ugu (Portshepstone)
005 Uthungulu (Richards bay)
11
Sisonke (Ixopo)
006 Uthukela (Ladysmith)
District Name
INTRODUCTION TO UKWAKHA (CONT…)
Organizational Structure
Executive Committee
(7 Firms represented)
Project Director
(Busi Mnganga)
Portfolio Managers (4)
Junior Managers (4)
District Officer (1)
District Assistants (7)
WORKSTREAMS PER OPERATIONAL PLAN
No
Description
.
1 Initial Screening & Desktop assessment
2 Origination
3 Approval Process
4 Monitoring of Disbursements & roll-out
5 After-Care Support
6 Ongoing Monitoring and Reporting
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
Questions,
Comments
and
Answers
Thank you