Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

Ukwakha Consortium

VIEWS: 32 PAGES: 14

									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                 ITHALA       STANDARD BANK
R25m / R25m (R50m)           R115m               R30m
  R10 000 – R1m          R10 000 –R15m      R100 000 – R3m
    No Deposit             No Deposit    Min. of 2.5% Deposit




                        UKWAKHA
          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.      Sibongile
                     DEVELOPMENT TRAINING    Nhlangulela
                        AND FACILITATION
                          (MTEDTF)CC
INTRODUCTION TO UKWAKHA (CONT…)
Consortium Members

                                    Thabani Zulu &     Thabani Zulu
                                      Company

                                   Powerful Business   Andile Buthelezi
      P        B         S
    Powerful Business Solutions
                                      Solutions

                                  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              District Name
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)
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

								
To top