Organisational Performance Report

Organisational Performance Report Portfolio Committee Small Business Development 8 November 2017

Table of contents Introduction Loan book performance Approvals Disbursements Development impact SMMEs financed and jobs facilitated Support to targeted groups Post-Investment Monitoring Total Portfolio Portfolio at risk Collections Financial performance Progress on pilot projects Balance scorecard Annexure: sample of sefa funded clients 2

Introduction An overview of the 2 nd quarter organisational performance against the approved corporate plan for the financial year 2017/18. The total approvals during the quarter under review came in below the targeted amount by registering only R32 million or 13% of the quarterly targeted amount. With respect to year-to-date performance, total approvals reached R111 million. During quarter two, sefa disbursed R156 million, whilst on a year-to-date basis, the disbursements stood at R481 million. The under-performance on both fronts can be largely attributed to the sluggish economic performance of the South African economy and the consequent subdued demand for our loans. Notwithstanding the number of enquiries received, 62 new applications were processed, 38 (or 61%) of them were approved, whilst only 3 were declined. The other 14 have been withdrawn largely following failure by the clients to provide the requested information. With respect to sectoral performance, the organisation saw a significant drop in the construction sector projects, which is largely reflective of the overall moderation in the industry, with its outlook also remaining subdued. 3

Loan book performance 4

Total Loan book performance 900 000 800 000 700 000 600 000 500 000 400 000 300 000 200 000 100 000 0 Total Loan Book Approvals (000) Target Actual 804 200 241 260 160 840 110 955 78 699 32 256 Q1 Q2 Annual Target-YTD Both the external and internal factors are at play with respect to the under-performance observed thus far this year: On the external front, business is difficult and demand remains weak. Internally, the organisation is doing its level best to reduce impairments so as to become sustainable. To this end, the initiatives taken include insisting on obtaining cessions from our clients customers, who in the main are government entities. However, we are getting limited success in this regard. 5

Direct Lending Approvals Direct Lending: Approvals (000) Q2 Q1 Achieved Target 0 10 000 20 000 30 000 40 000 50 000 60 000 70 000 80 000 Direct Lending approved R32 million in Q2, thus helping support 34 SMMEs and Co-operatives. The productive sectors accounted for 47% of approvals to date and this contributed to the creation and maintenance of 647 jobs. 6

Wholesale Lending Approvals Wholesale Lending: Approvals (000) Q2 Achieved Q1 Target 0 20000 40000 60000 80000 100000 120000 140000 160000 180000 Wholesale Lending book achieved R39.8 million in approvals so far this year against the annual target of R561 million. No approvals were made in Q2, however, the following was accomplished during the quarter: The takeover of the Godisa Supplier Development Fund from Anglo Zimele. A dedicated Relationship Manager has been appointed to implement this programme. Documents required for the first EU 10m drawdown have been submitted to DSBD. sefa began building a 30m equivalent (R487m) pipeline in preparation for the transfer of 10m in Jan 2018. 7

Total sefa Loan Book Disbursements 800 000 Total Loan Book disbursements (000) 600 000 400 000 Target Actual 200 000 0 Q1 Q2 Annual Target-YTD The total disbursements of R481 million as at 30 th September 2017, represented 70% of the annual target. sefa has done well in disbursing money into the economy despite the low approvals, thanks to the revolving nature of sefa s investment to its financial intermediaries. 8

Direct Lending Disbursements 80 000 60 000 Direct Lending: Disbursements (000) Target Achieved 40 000 20 000 0 Q1 Q2 Direct Lending disbursed R42 million in Q2 or 61% of its quarterly target. These disbursements in turn represented 69% of the divisional year-to-date annual target. 9

Wholesale Lending Disbursements Wholesale Lending: Disbursements (000) Q2 Achieved Target Q1 0 50000 100000 150000 200000 250000 300000 Disbursements for Q2 stood at R132 million and represented 79% of the quarterly target. The composition was as follows: R17 million through the microfinance channel, R97 million wholesale SMEs channel, and R14.7 million taken up through the supplier credit program. 10

Development impact 11

Development impact: SMMEs & Co-operatives financed & jobs facilitated 35000 30000 25000 20000 15000 10000 5000 0 7600 Q1 Target Number of SMMEs & Co-ops 31162 Q1 Achieved 11400 Q2 Target 5436 Q2 Achieved 40000 35000 30000 25000 20000 15000 10000 5000 0 Number of jobs facilitated 11800 Q1 Target 35725 Q1 Achieved 17700 Q2 Target 6675 Q2 Achieved During the opening quarter of the 2018FY, sefa outperformed the targeted number of SMMEs & Cooperatives supported by registering 410% of the quarterly target. This also translated into a significant number of jobs facilitated. However, in Q2, less than half of the targeted number of SMMEs and Co-operatives were assisted and this in turn resulted in significantly less number of jobs facilitated at the same time. On a year-to-date basis, the organisation achieved 96% of the annual target of SMMEs & Cooperatives to be supported and almost 72% of the annual targeted jobs. 12

Development Impact: Priority Provinces Priority Provinces (R 000 Lhs) 350 000 300 000 250 000 200 000 150 000 100 000 50 000 0 Q1 Q2 Q3 Q4 Total Target 60 400 90 600 75 500 75 500 302 000 Actual 155 095 65 643 0 220 738 Number of SMMEs 30848 5336 0 0 36 184 40000 35000 30000 25000 20000 15000 10000 5000 0 Target Actual Number of SMMEs The priority provinces claimed R65.6 million of the overall disbursement during Q2. This financial support helped 5 326 SMMEs and Co-operatives in these provinces. Both the amount disbursed and the number of businesses financed fell short of target. To date, disbursements to Priority Provinces have reached R220.7 million or 73% of the annual target. 13

Development Impact : Township-owned Enterprises Township-owned Enterprises (R 000 Lhs) 180 000 160 000 140 000 120 000 100 000 80 000 60 000 40 000 20 000 0 Q1 Q2 Q3 Q4 Total Target 33 600 50 400 42 000 42 000 168 000 Actual 3 715 10 684 0 0 14 399 Number of SMMEs 71 13 0 0 84 90 80 70 60 50 40 30 20 10 0 Target Actual Number of SMMEs This newly introduced indicator is steadily picking up with R10.6 million disbursed to 13 Township Enterprises in Q2. The majority of these enterprises are in the services sector, particularly retail trade in the Gauteng region. On a year-to-date basis, at least 84 enterprises based in townships received a total of R14.3 million. 14

Development impact: Youth-owned Enterprises Youth-Owned finance (R 000 Lhs) 250 000 200 000 150 000 100 000 50 000 0 Q1 Q2 Q3 Q4 Total Target 40 400 60 600 50 500 50 500 202 000 Actual 42 469 21 303 0 0 63 772 Number of SMMEs 5257 1638 0 0 6 895 8000 7000 6000 5000 4000 3000 2000 1000 0 Target Actual Number of SMMEs Youth-owned enterprises received just above R21million in disbursements during Q2. Most of the enterprises run by youth participated in the services sector in Q2, particularly the supply and deliver. The cumulative financial support so far this year to this targeted group stood at R63.7 million, representing almost 32% of the annual target. 15

Development Impact: Disability-owned Enterprises Disabled-owned Enterprises (R 000 Lhs) 18 000 16 000 14 000 12 000 10 000 8 000 6 000 4 000 2 000 0 Q1 Q2 Q3 Q4 Total Target 3 400 5 100 4 250 4 250 17 000 Actual 1 029 3 817 0 0 4 846 Number of SMMEs 17 4 0 0 21 25 20 15 10 5 0 Target Actual Number of SMMEs The organisational support to entrepreneurs with disabilities remains subdued. However, Q2 disbursement of R3.8 million is a notable improvement when compared to Q1 performance of only R1 million. On a year-to-date basis, the enterprises supported under this category have already received R4.8 million. 16

Development impact - spatial (% of Q2 2017/18 disbursements) Disbursement (R ) Eastern Cape 4 360 567 Free State 4 827 815 Gauteng 23 048 172 Kwazulu Natal 32 327 614 Limpopo 20 747 961 Northern Cape 3 707 359 Western Cape 42 114 148 Mpumalanga 19 150 197 North West 6 584 936 4.2% 13.2% 14.7% 12.2% The strong performance in terms of 3.1% 2.4% 20.6% developmental impact in the Western Cape (26.8% of total) can be largely ascribed to CapeX performance (RFI) as well as Capital 2.8% Harvest through the Land Reform Empowerment Facility. 26.8% Although other provinces experienced muted disbursements during Q2, their business development plans were approved in July and expectations are that implementation thereof will begin to pay off before the end of the current financial year. 17

Post-Investment Monitoring 18

Total Portfolio Composition Per Product Performance Per Product 2017/18 Outstanding Provision/ Provision/ Disbursed Repayments Balance Sep Impaired Impaired Sep Product YTD Sep20 17 YTD Sep 2017 2017 March 2017 2017 Retail Financial Intermediaries 39 232 850-29 760 268 359 206 794 59 370 648 49 147 901 Joint Venture Funds 40 412 071-9 277 794 359 406 342 66 769 257 66 769 257 Land Reform Empowerment Facility 12 500 000-14 218 761 267 826 598 - - Micro Finance Institutions 40 105 099-43 106 189 98 794 137 21 663 749 26 360 382 Co-Operatives 2 997 990-235 000 63 480 186 946 608 15 531 903 Total 135 248 010-96 598 012 1 148 714 057 148 750 262 157 809 443 The LREF loan portfolio grew by 3% since the beginning of the current financial year. This growth was driven largely by disbursements to Akwandze and First Rand Bank (Agro-business). With respect to other products, provision for impairment has been made in line with accounts in arrears. 19

Portfolio at risk - 30 September 2017 Per investment date Investment date Portfolio at Balance Portfolio at Portfolio at Portfolio at Risk (R'000) Number risk (R'000) Risk (R'000) Risk (%) (Number) FY2013 4 343 12 362 3 643 84% 11 FY2014 115 586 47 2 459 93 314 81% 39 FY2015 257 338 138 1 863 190 559 74% 111 FY2016 265 578 182 1 459 160 134 60% 138 FY2017 + 147 158 142 1 036 16 139 11% 37 Total 790 003 521 1 516 463 788 59% 336 Older loans pose the greatest challenge in collections, however, efforts are being applied to collect on this book. The older the loans the higher the portfolio at risk and vice versa. 20

Total sefa Collections in Q2 2018FY Month Expected During Period Receipts Monthly Rate July R24 244 266 R44 882 033 185.54% August R22 440 599 R22 405 003. 99.89% September R31 076 448 R24 846 471 82.87% Total R77 761 314 R92 133 508 122% sefa collected R92 million in Q2. Notwithstanding the variance between what was actually collected vs the expected collections in any given month, on aggregate, we collected more than anticipated for the quarter. Often times, our clients pay capital prior to the scheduled time, resulting in us collecting more than anticipated in any given month. 21

Direct Lending Collections Q2 2018FY Month Expected During Period Receipts Monthly Rate July R14 099 327 R14 468 663 103.33% August R15 773 068 R13 323 563 84.53% September R12 839 306 R16 198 440 132.99% Total R42 711 701 43 990 668.12 106.95% Monthly collections rates have been satisfactorily met during the quarter. This is indicative that the collections strategy currently being implemented has begun to pay-off. Consequently, of the R43.7 million that was planned to be collected in Q2, close to R44 million was actually collected. 22

Wholesale Lending Collections Q2 2018FY Month Expected During Period Receipts Monthly Rate July August R 10 144 939 R 30 413 370 300% R 6 667 531 R 9 081 440 136% September R 18 237 142 R 8 648 031 48% Total R 35 049 612 R 48 142 841 161% The wholesale Lending collected R48 million from clients during quarter 2 with the bulk of these collections taking place in the month of July. Periodically, we receive capital repayments on the revolving loans to strategic partners these tend to have significant impact on our collections. 23

Financial Performance 24

sefa s Financial Performance sefa Group (sefa/kcg/kis) Abdridged Consolidated Statement of Comprehensive Income For the period ended 30 September 2017 2018 2018 2017 2018 2017 YTD YTD YTD Full Year Year End Actual Budget Actual Budget Actual R'000 R'000 R'000 R'000 R'000 Income 111 423 83 571 116 132 183 420 199 913 Movement on impairments & Bad debt Written-off (22 303) (35 825) (123 209) (77 823) (68 094) Personnel expenses (88 287) (102 049) (80 820) (212 816) (168 321) Other operating expenses (129 722) (82 322) (92 973) (117 943) (180 905) Operating income/(loss) (128 889) (136 625) (180 869) (225 163) (217 407) MTEF Grants received 111 890 111 890 106 562 223 780 213 124 Net operating income /(loss) + MTEF grants (16 999) (24 735) (74 307) (1 383) (4 283) Operating expenses are made up of Property expenses of R75m, Interest on shareholders loan of R16 million and other operating expenses of R38 million. The movement on impairments and bad debts written-off as at 30 September 2017 stood at R22.3 million. 25

sefa s Financial Performance Area Indicator Description 2017/18 Annual Target YTD Achieved Cost-to-income after MTEF allocation and impairments 100% 108% Actual operating expenses, excluding financing and impairments (R m) 184 371 201 150 Accumulated impairment provision as % of total loans and advances 26% 46% Personnel expenses as a percentage of total loan book (loans and equities). 29% 7% Personnel expenses as a percentage of net loans and advances (R m) 32% 14% Income 85 371 111 423 Net profit(loss)(r m) (199 285) (128 889) The income of R111 million includes interest and dividend income amounting to R73m; rental income of R25m; fee income of R3m and other income to the value of R10m. Interest and dividend income of R73 million comprises of interest from lending operations and cash investments. Personnel expenses as at 30 September 2017 amounted to R88 million. This was R14 million or (13%) below budget, mainly as a result of delays in filling certain positions. 26

Progress on pilot initiatives to increase access and reduce the cost of finance Fresh produce markets Supplier credit program 27

Microenterprise Finance: Fresh produce markets A joint venture between sefa and municipal fresh produce market to facilitate access credit to informal traders. A new channel to increase access to credit and reduce the cost of accessing credit for microenterprises 2 pilots: Durban and Mangaung Fresh produce markets 212 participating microenterprises Total disbursed - R4.9 Million 314 Jobs facilitated 65 Participating youth R1.5 Million 53 participating Women R1.3 Million 15 disabled micro-entrepreneurs R206K 28

Microenterprise Finance: Supplier Credit program The Supplier Credit Guarantee program indemnifies suppliers who extends trade credit to microenterprises. It is a cost effective vehicle to reach Micro Enterprises by using the balance sheet and infrastructure of the private sector to extend credit. 2 pilot projects Pilot Program Performance Criteria Facility Approvals Total R60 million Taken up R128 896 838 Development Impact Due to the revolving nature of the facility, R128m was already taken up by end of Sept 2017 (Year-to-date). Program to be roll-out to other sectors of the economy. Trade credit extended at 0% interest for 30 days. Program default is at 3.25% of the Total Guarantee Facility. No of SMMEs participating under the pilot facility 152 Jobs Facilitated 876 Women owned participating SMMEs 39 (29%) Black owned participating SMMEs 151 (99%) Youth owned participating SMMEs 39 (29%) 29

Balance Scorecard 30

CUSTOMER PERSPECTIVE Access to finance by SMMEs and development Impact Balance scorecard: progress against predetermined objectives Perspective Objective Measure Annual Target/ Indicator Q1 Target Q1 Achieved Q2 Target Q2 Achieved Ytd Achievement % of Q1 Target % of Q2 Target achieved achieved % of annual Target achieved Total Approvals (R'000) R 804 200 160 840 78 699 241 260 32 256 110 955 49% 13% 14% Total Disbursements (R'000) R 691 205 138 241 307 545 207 362 174 064 481 609 222% 84% 70% Approvals in terms of productive sectors of the Economy (60% of loa book approvals) 482 520 96 504 29 610 144 756 51 286 80 896 31% 35% 17% Number of SMMEs and Co-operatives financed 38 000 7 600 31 162 11 400 5 436 36 598 410% 48% 96% Number of Jobs facilitated 59 000 11 800 35 725 17 700 6 675 42 400 303% 38% 72% Facilities disbursed to youth-owned businesses (R'000) R 202 000 40 400 42 469 60 600 21 303 63 772 105% 35% 32% Facilities disbursed to enterprises in priority rural provinces (R'000) R 302 000 60 400 155 095 90 600 65 643 220 738 257% 72% 73% Facilities disbursed to Women-owned businesses (R'000) R 302 000 60 400 154 454 90 600 46 382 200 836 256% 51% 67% Facilities disbursed to Black-owned businesses (R'000) R 471 000 94 200 210 610 141 300 92 722 303 332 224% 66% 64% Disbursements to Township-based Enterprises (R'000) R 168 000 33 600 3 715 50 400 11 112 14 827 11% 22% 9% Facilities to Enterprises owned by entrepreneurs with Disabilities (R'000) R 17 000 3 400 1 029 5 100 3 817 4 846 30% 75% 29% * Facilities equals/less than R500K disbursed to endusers - Number of enterprises financed 37 000 7 400 43 959 11 100 8 563 52 522 594% 77% 142% Level of Customer Satisfaction 75% annual Target 31

PEOPLE LEARNING AND GROWTH Alignment, Development and Motivation of Human Capital INTERNAL BUSINESS PROCESSES Financial Perspective Balance scorecard: progress against predetermined objectives Sub-Total Building sefa financial sustainability Cost to income ratio (excluding Impairments, & finance charges and the effects of the grant subsidy) 100.0% 100.0% 128% 100% 108% 78% 108% 93% Accumulated Impairments provision as a percentage of total loans and advances. 26.0% 50% 46% 0% 46% 56% ** Personnel expenses as a percentage fo total loan book (loans and equities). 29.0% 4% 14% 0% 207% 48% Number of days bridging loans 20 20 34 20 19 59% 105% 59% Improve turnaround Number of days for terms loans times for application 30 30 32 30 27.7 94% 108% 94% approvals Number of days for wholesale applications 45 45 39 45 0 115% 0% 115% Sub-Total System Development Enhancement to sefalas and the loan management system and key business processes automated. 40% of key business processes automated (reduction in the business process cost & process times) Annual Target Labour Turn Over Rate (LTO) of critical/ strategic positions 7% 7% 0.0% 700% 700% Improvement in the Employee Satisfaction Survey 60% Annual Target ** Percentage of staff (P - Band and above) that scores 3.1 or more in the annual perofrmance assessment 80% Annual Target RAG Indicator Description % performance 100% and above 4 Between 75% and 99% 3 Below 75% 10 Not measurement 4 32

Annexure: Success stories Sefa funded clients case studies 33

Intermediary: Phakamani Foundation Enduser Thokozile Madonsela group name: MADK001-9 Banjalo bomake Thokozile, together with her group members, used to borrow money from the Women s Development Bank (WDB). After the WDB closed in their area they joined Phakamani in 2009. She runs a spaza shop at her house. Her group members have been together since the WDB days and encourage one another in the pursuit for business success. In peak times she takes a R10 000 loan. KEY INFORMATION Location Mpumalanga When started Prior 2009 when she joined Phakamani Foundation Amount funded: Has been revolving facilities since 2009 Jobs: She has one full-time assistant and her kids help when they are home Achievement : In her own words, Thokozile said, Phakamani is the husband I do not have because my business has enabled me to educate my children, build a house, and never go to bed hungry. In her own words, Thokozile said, Phakamani is the husband I do not have because my business has enabled me to educate my children, build a house, and never go to bed hungry. She has, however, indicated that most of the spaza shops in the area have been leased to foreigners and because they buy together in bulk they are able to out-price her in most instances. 34

Intermediary: Capital Harvest Emerging Farmer Finance (CHEFF) End user Blompot, trading as Sunnyside Eggs, 100% Black owned Blompot, trading as Sunnyside Eggs, is an egg production company which is 100% Black owned by Kobus Van den Heever and his family. Kobus worked in a supervisory position for, Pioneer Foods, and in 1998 the company sold portions of its farms to the employees. Kobus and his wife bought the 35 hector farm in Stellenbosch, Western Cape. To assist the employees in developing their businesses, the company signed 10 year supplier contracts with the new entrepreneurs. In Kobus s words, this was the worst 10 years of business in my life bad experience. The reasons for Kobus s sentiment is that the company supplied and controlled the prices of the layers (chickens) & feed and also controlled the price with which they procured the end product eggs. With so much control of prices in the value chain, the company could manipulate any price to their benefit to the detriment of the supplier farm owner. At termination of the supplier contract, in 2008, Kobus did not renew it but rather preferred to approach banks for financing. This arrangement gave him the independence to procure supplies from alternative sources where he could negotiate prices based on quantity and then determine the price of the endproduct. KEY INFORMATION Location: Stellenbosch Western Cape Business : An egg production company When started : 1998 Amount funded: Facility as at June 2017 is R17 606 515 The above facility is secured by: i) Registered Mortgage Bond of R17million and ii) Notarial bonds over equipment of R4 million Jobs 50 jobs (45 permanent & 5 seasonal) 35

Intermediary: Capital Harvest Emerging Farmer Finance (CHEFF) (Cont.) End user Blompot, trading as Sunnyside Eggs, However, his experience with the banks was that the loan products were not particularly flexible for a growing agricultural business in that repayments were due at a particular period not considering the business cycle and growth requirements and as a result his cash flow was always compromised. In 2012, Kobus made an application to Capital Harvest and he switched his loan from the Bank. He is happy that the loan facility is favourable to the business cycle and that CHEFF has assisted him in growing the business. From inception Kobus was working with his wife and has since been joined by his two sons making it a family business. One of the sons is a qualified Engineer and responsible for the operations of the business. He has been instrumental in the implementation of new technology in the business. The second son, is an Advocate and is responsible for marketing. The team was informed that the daughter is contemplating to resign her job and join the family business as well. Blompot has grown from only producing eggs to packaging and distribution. Current status As the end of August 2017 the farm had 180 400 production hens. During September 2017 the entire farm was placed under quarantine, due to the outbreak of avian flu, forcing the business to a standstill, with 100% mortalities. sefa has been informed that it is too early to calculate the full impact of the disaster on the business, but the minimum loss due to livestock mortalities and loss in production, is estimated at R10 million. The business employed 45 x permanent employees, and 5 x seasonal employees before the outbreak of avian flu, and possible retrenchments can follow. KEY INFORMATION Location: Stellenbosch Western Cape Business :an egg production company When started : 1998 Amount funded: Facility as at June 2017 is R17 606 515 The above facility is secured by: i) Registered Mortgage Bond of R17million and ii) Notarial bonds over equipment of R4 million Jobs 50 jobs (45 permanent & 5 seasonal) 36

Intermediary: Anglo American sefa Mining Fund End-User Manngwe Mining (Pty) Ltd (Manngwe) 100% Black owned A wholly black-owned exploration, mining, and trading company was established in 2010. The company can be described as exploration, mining, and trading in mineral(s) commodities. It is through partnering with large companies that Manngwe is able to add value to insignificant or small projects that have no chance of being developed by major companies. The project entails the mining of detrital iron ore and processing in through a dense medium separation plant. Manngwe holds a prospecting right and received R20 million in funding from the Anglo American sefa Mining Fund (AAsMF) to establish an Iron Ore Mine in the Limpopo Province over which the Department of Mineral Resources issued a bulk sampling and mining permit. The AAsMF holds a 20% equity in the company. The investment date for the project was 05 December 2013. KEY INFORMATION Location: Brits, North West Jobs: Currently the mine employs 220 people including 50 from the local communities. When Started: 2016 (Operations) Amount Funded: R10 000 000 Achievements The mine has already build a school within the community that it operates and has also provided the community with a bus to ferry school children from home to school as they travel long distances. 37

Intermediary: CapX Invoice Discounting End user Blink Creative Studio: 100 % Woman Owned Blink Creative Studio is a woman owned enterprise. The company manufactures promotional material printed on boards. In the first three years, the business operated from home until the owner was certain that the business could carry all operational costs. KEY INFORMATION Location: Western Cape When started: 2009 Business : Amount funded: received R 17 235 347.75. Manufacturing Since trading invoices with sefa funding the client has Jobs: 11 permanent with casuals brought in when there are large orders 38

Direct Lending 39

Majestic Art (Pty) Ltd Majestic Art (Pty) Ltd has been in business since 2015. The business is 100 % owned by a youth entrepreneur. Majestic Art s supplies Personal Protective Equipment (PPE) to key customers mainly in Richards Bay and Empangeni. The client was referred to sefa by Umhlathuze Municipality and a Purchase Order Product deal was structured. sefa funded R187 470 which went towards facilitating a Purchase Order (500 PPE uniforms) secured from umhlathuze Municipality. The transaction was referred by Seda Key development impact information Location: Richards Bay Job maintained: 1 Funding amount: R187 470 (small loan) Sector: Services Age category: Youth 40

Sojija Trading (Pty) Ltd Soji Fresh has been in business since 2009. The business is 100 % owned by a youth, a qualified chef who has over 10 years experience. The key focus is the supply of processed fruit and vegetables to key customers in Durban which includes Durban International Convention Centre and several restaurants in the Spur Group. The business is based within the Durban CBD and provides employment to 7 individuals. sefa has funded R498 989 which was used to meet increased orders from Durban s ICC and restaurants. Key development impact information Location: Durban CBD Job maintained: 7 Funding amount: R498 989 (small loan) Sector: Agro-processing Age category: Youth 41

Sasamela Trading Enterprises CC Sasamela Trading Enterprises and Projects CC was established and registered in 2007 Sasamela Trading Enterprise is 100% black-owned family (husband and wife) construction business Key Information Location: Ga-Ntata Funding amount: R 697 890 Sector: Manufacturing Jobs Created: 50 The business is owned by Mrs. Ms. Phindile (60%) and Mr. Ronald Machweu (40%) The business is involved in brick manufacturing The enterprise is an accredited member of the National Gazelles top 160 for the year 2017 The business also received an incentive grant for machinery from the Black Business Supplier Development Programme (BBSDP) to the value of R525 700 A loan amounting to R697 890 was approved by sefa to acquire a brickmaking machine, transportation of the machine, crane hire for installation and site layout preparation 42

Sarisha Haripershad Optomerist (Pty) Ltd Sarisha Haripershad Optometrist is a start up company which was set up to trade as Torga Cornubia franchise within the new Cornubia Mall. The business is 100 % owned by a female youth, a qualified optometrist who has over 10 years experience. The business key focus is to render comprehensive visual examination service and to supply optometric related products to customers in Cornubia and surrounds. sefa has funded R1 972 785 which went toward setting up the practice. Key development impact information Location: Cornubia (KwaZulu- Natal) Job created : 7 Funding amount: R1 972 785 Sector: Healthcare Age category: Youth Gender: Female 43

Ukhansi Construction (Pty) Ltd Ukhansi Construction was established in 2009. The business is 100% black owned and 20% youth-owned. The business specialises in building construction, civil engineering, road and earthworks, mechanical & electrical engineering and High Pressure Cleaning. The company was awarded a contract by Umngeni Water for the upgrade of the Water Treatment Plant in Umzinto. sefa has funded initial project costs. The transaction was sourced through a proactive engagement with Umgeni Water. Key development impact information Location: KwaZulu -Natal Job created: 14 Job maintained: 5 Funding amount: R4 967 900 Sector: Construction 44

Majahabesutfu Trading (Pty) Ltd Majahabesutfu Trading (Pty) Ltd is a transport and logistics company. The business is 100% black and youthowned This company secured a 5 year contract with Pioneer Foods Ltd to transport nonperishable food stuffs. sefa funding amounted to R4 899 340. The business will maintain 3 permanent jobs and will create 12 with sefa funding. Key development impact information Location: Vosloorus Township Jobs created: 12 Jobs maintained: 3 Funding amount: R4 899 340 Sector: Transport and logistics 45

Thank you! 46